Thursday Top Crypto News
In one short thread…
Yesterday, the U.S. spot Bitcoin ETFs recorded a total net inflow of $91.55 million, marking a reversal to net inflows after four consecutive days of outflows.
Spot Ethereum ETFs saw a total net inflow of $35.12 million, with only Grayscale’s Ethereum Mini Trust ETF (ETH) experiencing a net outflow.
According to Etherscan, Ethereum recorded 1.87 million transactions yesterday, nearing the all-time high of 1.96 million set in January 2024.
Nansen attributes the surge to activity from USDC, Tether, and Uniswap. DappRadar notes that ETF approvals and the GENIUS Act have boosted market confidence and on-chain activity.
Parataxis Holdings announced a merger with SilverBox Corp IV SPAC to raise up to $640 million for a Bitcoin treasury company to be listed on the New York Stock Exchange.
The total includes up to $240 million from the SPAC, subject to shareholder redemptions, and up to $400 million through a share purchase agreement, with $31 million to be deployed immediately for Bitcoin purchases.
Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday.
The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts.
Binance released its latest proof of reserves….
Binance has released its 33rd Proof of Reserves report as of 1 August.
It’s shows user BTC holdings at 591K BTC, up 2.99% from the previous snapshot (July 1) with an increase of 17.1K BTC.
User ETH holdings at 4.555 million ETH, down 9.84% with a decrease of 496K ETH; and user USDT holdings at 29.85 billion USDT, up 0.87% with an increase of 258 million USDT.
TST token saw a sharp drop on Binance this morning, plunging from $0.04960 to a low of $0.01547 within 15 minutes — a drop of over 68%. It is now trading at $0.02498, down 38.03% in 24 hours.
According to Coinglass, TST open interest has dropped over 35% in the past 24 hours, with Binance seeing a decline of more than 40%.
Crypto majors trade at the following levels
BTC 114,750 (up 0.5% in 24 hours)
ETH 3,700 (up 1.7%)
XRP 3.006 (up 1.8%)
SOL 169.56 (up 3.3%)
Have a great day!
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