Tuesday Top Crypto News
In one short thread…
Yesterday, the spot Bitcoin ETFs saw a total net inflow of $350 million, marking the 10th consecutive day of net inflows.
Spot Ethereum ETFs recorded a total net inflow of $101 million, with all nine ETFs reporting no outflows.
Metaplanet said it approved a plan to allocate $5 billion to its U.S. subsidiary to further boost its global bitcoin treasury strategy.
It currently holds 11,111 BTC, ranking it as the eighth-largest corporate holder of the cryptocurrency.
As of Monday's market close, Circle—the issuer of the stablecoin USDC—reached a market capitalisation of $63.89 billion, surpassing the current USDC circulating supply of approximately $61.68 billion.
Circle's stock price briefly approached $300 during intraday trading before closing at $263.45.
The founder of Celestia said that the team has more than $100 million in reserves, enough to support more than 6 years of operations, and is ready for long-term development….
Yesterday, the community revealed that the Celestia executive team will unlock all tokens in October 2024.
Celestia founder Mustafa sold more than $25 million worth of TIA tokens through OTC and moved to Dubai.
U.S. Senator Adam Schiff has introduced the COIN Act to ban the U.S. President, Vice President, and their immediate families from engaging in crypto-related business during their terms.
The bill prohibits promoting or issuing crypto assets and requires disclosure of transactions over $1,000. Violations could lead to fines and up to five years in prison.
Solana-based U.S. public company DeFi Development Corp. (formerly Janover) announced it will tokenize its shares via a partnership with crypto exchange Kraken, using the xStocks platform developed by Backed…
Kraken had previously revealed plans to offer tokenized versions of U.S. stocks like Apple, Tesla, and Nvidia to non-U.S. users through xStocks.
Crypto majors trade at the following levels
BTC 105,820 (up 3.9% in 24 hours)
ETH 2,430 (up 8.4%)
XRP 2.20 (up 9%)
SOL 146.50 (up 9.3%)
Have a great day!
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