Saturday Top Crypto News
In one short thread…
Yesterday, the Ethereum spot ETFs recorded a total net inflow of $453 million, marking 16 consecutive days of net inflows. The ETF with the largest net inflow was BlackRock's ETHA, which saw $440 million in net inflows.
Bitcoin spot ETFs saw a total net inflow of $131 million, with BlackRock’s IBIT leading the pack with $92.83 million.
According to some analysis, the SharpLink wallet received 145 million USDC from a Circle wallet 30 minutes ago, likely newly minted.
SharpLink may be raising funds through stock sales to accumulate more ETH. The wallet hasn't bought ETH this week and currently holds 360,900 ETH worth around $1.34 billion.
According to Bloomberg, Tyler Winklevoss accused JPMorgan of pausing the re-onboarding of crypto exchange Gemini after he criticized the bank’s new policy to charge fintech firms for access to customer data.
He said Gemini was previously offboarded during Operation ChokePoint 2.0, and JPMorgan had earlier deemed the relationship unprofitable.
According to Galaxy Digital, the firm recently facilitated the sale of over 80,000 bitcoin—valued at more than $9 billion at current prices—on behalf of a Satoshi-era investor.
The transaction, among the largest notional trades in crypto history, was part of the investor’s estate planning strategy.
Amid the recent surge in Ethereum unstaking demand, ARK Invest CEO Cathie Wood noted that Robinhood is offering a 2% match for crypto transfers.
She added that VCs and investors are moving staked ETH into Treasury-like companies (DATs) to double returns post-unlock. Stocks like MSTR and BMNR are becoming key channels for traditional advisors to provide BTC and ETH exposure.
Crypto majors trade at the following levels
BTC 117,450 (up 1.7% in 24 hours)
ETH 3,740 (up 2.8%)
XRP 3.164 (up 2.7%)
SOL 186.10 (up 4.2%)
Have a great day!
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