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Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.
Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.
During the Market Recovery Pump, Check Out the Top 10 Hot Narratives Ready to Explode at Any Moment.
BlackRock's IBIT ETF led the charge with a record-breaking $513 million single-day inflow.
Catslap has allocated 10% of its token supply to community rewards
Fusion+ aims to address the challenge of moving assets between blockchains in DeFi.
- 07:20Analysis: Strategy May Transform into a "Bitcoin Bank" and Acquire Mining Companies to Reduce BTC Acquisition CostsCurrently, Strategy holds a large amount of Bitcoin, but its stock price premium reflects the market's expectation of its role as a "bitcoin bank." The company raises funds by issuing stocks and bonds to continuously purchase Bitcoin and plans to convert its balance sheet to a Bitcoin standard. Its business model is seen as one of the important paths to Bitcoin financialization. Analysts point out that in the future, Strategy, as a "bitcoin bank," may also acquire mining companies to reduce its Bitcoin acquisition costs. Such acquisitions may be more significant for the Bitcoin market than for the traditional gold market, as the domain knowledge required for Bitcoin mining and bitcoin banking is closer than that for gold mining and fiat banking.
- 07:20SOL Surpasses $170Market data shows that SOL has surpassed $170, currently reported at $170.02, with a 24-hour increase of 1.33%. The market is quite volatile, so please ensure proper risk management.
- 07:20Data: Over $20 Million Worth of ETH Burned on Base Mainnet in the Past 8 MonthsAccording to data disclosed by 1confirmation founder Nick Tomaino on the X platform, the Base mainnet has burned over $20 million worth of ETH in the past eight months. Nick Tomaino stated that if ETH is viewed as a stock, Base is more like a developer platform.