📰 News and Market Updates 📰
Major moves in the market this week. Michael Saylor's Strategy dropped $472.5M into BTC, driving the price to new highs. Currently sitting at 121,720, with a 3.09% increase in the last 24 hours. Market cap is at 2.416T.
On the other side, institutional investment is pouring in. Digital asset fund flows hit $3.7B last week, the second-highest on record. This surge could indicate growing investor confidence in the crypto market.
Not watching the Tornado Cash trial too closely, but the outcome could set a precedent for developer responsibility in decentralized tool cases. Currently, Tornado Cash is at 10.52, with a 0.95% increase in the last 24 hours. Market cap is at 40M.
Lastly, Biotech firm Sonnet is merging with Rorschach to form Hyperliquid Strategies, aiming to become the largest US-listed holder of HYPE tokens. This development may lead to increased institutional investment and adoption of HYPE tokens. Currently, HYPE is at 48.27, with a 0.57% increase in the last 24 hours. Market cap is at 16.1B.
BTC - Bullish
HYPE - Neutral
Tornado Cash - Neutral
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