Monday Top Crypto News
In one short thread…
From August 4 to August 8 last week, the spot Bitcoin ETFs recorded a net inflow of $247 million, with BlackRock’s IBIT leading at $189 million.
Spot Ethereum ETFs saw a net inflow of $327 million during the same period, marking 13 consecutive weeks of net inflows.
El Salvador's assembly approved a new law on Thursday that opens a new path for regulated financial institutions to offer crypto-related financial services....
Only institutions with over $50 million in capital can become an investment bank and apply for crypto licenses, and services are limited to investors with over $250,000 in liquid assets.
Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB, making it the largest corporate holder of BNB globally….
The acquisition was funded through a $500 million private placement led by 10X Capital and YZi Labs. BNC plans to continue accumulating BNB, with the potential to expand the investment up to $1.25 billion through its warrant structure.
In the next 7 days, major single unlocks (over $5 million) will include FTN, APT, ARB, AVAX, SEI, STRK, LAYEY, CYBER, and ZK.
Major linear unlocks over the next 7 days (daily unlock value over $1 million) will include SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, SEI, ETHFI, JTO, and ENS, with a total unlock value exceeding $653 million.
Crypto majors trade at the following levels
BTC 122,030 (up 3.1% in 24 hours)
ETH 4,300 (up 2%)
XRP 3.278 (up 0.8%)
SOL 185.42 (up 1.9%)
Have a great day!
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