Tuesday Top Crypto News
In one short thread…
Yesterday, the U.S. spot Bitcoin ETFs saw $333M in net outflows, led by BlackRock’s IBIT ($292M out).
Ethereum ETFs had $465M in outflows, with BlackRock’s ETHA accounting for $375M.
The U.S. Commodity Futures Trading Commission is launching a new program to ultimately enable the trading of spot crypto asset contracts on registered futures exchanges, also known as designated contract markets (DCM).
According to Decrypt, despite the GENIUS Act’s ban on stablecoin interest, Coinbase and PayPal continue offering rewards on USDC and PYUSD, with about 4% and 3.7% APY, respectively.
Both argue that they are not actual issuers and that the rewards come from platform revenue sharing, not interest, thus falling outside the scope of the ban
According to The Wall Street Journal, the White House is preparing an executive order that would fine banks for dropping customers for political reasons, targeting alleged discrimination against conservatives and crypto companies…
The draft order instructs regulators to investigate whether financial institutions have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.
Publicly traded real estate software firm DeFi Development Corp. bolstered its Solanatreasury with more than 110,000 SOL valued around $18.4 million, the firm said yesterday.
The latest purchase brings its total Solana holdings to 1,293,562 or more than $215 million at today’s Solana prices.
Crypto majors trade at the following levels
BTC 114,380 (flat over 24 hours)
ETH 3,660 (up 3.6%)
XRP 3.038 (up 1.9%)
SOL 167.66 (up 3.45%)
Have a great day!
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