Wednesday Top Crypto News
In one short thread…
Yesterday, the spot Bitcoin ETFs saw a total net outflow of $67.93 million, with only Grayscale’s GBTC recording a net inflow.
Spot Ethereum ETFs recorded a total net inflow of $534 million, marking the third-highest daily inflow in history
Ethereum treasury firm SharpLink Gaming now holds 360,807 ETH worth over $1.3 billion.
The company added nearly 80,000 Ethereum last week.
The Trump family project WLFI associated address added another 6144 ETH today and continues to buy. In the past six days, WLFI has added 10,013 ETH.
Roughly 519,000 ETH worth more than $1.9 billion is queued to exit the Ethereum network, the largest since January 2024, data shows…
The exodus is likely due to stakers looking to take profits after ETH more than doubling in price since April, analysts said.
The entry queue to activate validators has also surged, signaling strong staking demand despite exits.
Citadel Securities submitted a letter this week to the SEC’s Crypto Task Force opposing exemptions for tokenised equities, warning they could siphon liquidity from traditional markets and blur investor understanding of issuers.
The firm asserted that tokenised stocks should be regulated under the same standards as traditional securities.
South Korea's financial regulator requires local asset management companies to control the investment proportion of crypto-asset related companies such as Coinbase and MicroStrategy in ETF portfolios, and continues to prohibit financial institutions from holding, purchasing or investing in shares of virtual asset related companies.
Crypto majors trade at the following levels
BTC 118,860 (up 1.4% in 24 hours)
ETH 3,720 (up 0.8%)
XRP 3.50 (up 0.6%)
SOL 202.30 (up 1.3%)
Have a great day!
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