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Bitcoin ETFs are seeing notable inflows, reflecting renewed institutional interest as BTC climbs above $90,000, though bearish signals in the derivatives market suggest caution.
Bitcoin's sharp rise to over $93,000 follows President Trump's comments confirming Jerome Powell's position as Fed chair, illustrating the growing impact of political and economic factors on crypto markets.
Share link:In this post: US Bitcoin ETFs record $381.40 million in daily inflows on April 21. Total net assets across Bitcoin ETFs reach $97.61 billion. BlackRock’s IBIT leads with $50.02 billion in assets under management.
Share link:In this post: MSTR entered the top 5 of the most actively traded US stocks, with over $4B in volumes happening in 2 hours. The recovery of MSTR started after the latest BTC purchase from April 21. MSTR sparked a rally for other crypto-related or crypto-adjacent stocks.
Share link:In this post: Solana (SOL) got a boost from Canadian ETF buyers. SOL tries to compensate selling pressure from unlocks and fee producers like Pump.fun. Janover rebranded to DeFi Dev Corp and started on a journey of leveraged acquisition of SOL, modeled after Strategy (MSTR).
- 23:10DeFi Development Approves 1-for-7 Stock Split, Continues to Bet on SolanaThe board of directors of DeFi Development Corp. has approved a 1-for-7 stock split of its issued common shares. This split will increase the company's outstanding shares from approximately 2 million to 14 million, while the authorized capital remains unchanged. The company stated: "The stock split aims to enhance liquidity and make the shares more accessible to a broader group of investors. The company will continue to execute its corporate treasury strategy focused on accumulating SOL and infrastructure ownership." Each shareholder will receive an additional six shares on May 19, and trading will resume on a split-adjusted basis on May 20, subject to Nasdaq approval.
- 23:10The probability of the Federal Reserve keeping rates unchanged in June is 80.2%According to CME "FedWatch": The probability of the Federal Reserve maintaining rates unchanged in June is 80.2%, the probability of a 25 basis point rate cut is 19.8%, and the probability of a 50 basis point rate cut is 0%. The probability of the Federal Reserve maintaining rates unchanged in July is 28%, the cumulative probability of a 25 basis point rate cut is 59.1%, the cumulative probability of a 50 basis point rate cut is 12.9%, and the cumulative probability of a 75 basis point rate cut is 0%.
- 23:10Former SafeMoon CEO Karony Denies Fraud Allegations, Claims Founder Should Be ResponsibleFormer SafeMoon CEO Braden John Karony spoke out on the X platform as his criminal trial began in New York, stating that he is "innocent" and "did not commit fraud." The U.S. District Court for the Eastern District disclosed that Karony suggested SafeMoon founder Kyle Nagy, who is believed to have fled to Russia, should be held responsible for some of the alleged fraudulent activities. Karony is charged with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering, and was released on a $3 million bail in February 2024. The trial is expected to continue until May 26.