Thursday Top Crypto News
In one short thread…
Yesterday, the Ethereum spot ETF had a total net inflow of $332 million, which continued for 14 days.
The Blackrock ETF ETHA had a single-day net inflow of $325 million.
The Bitcoin spot ETF had a total net outflow of $85.9628 million, which continued for 3 days.
Block (formerly Square Inc.) officially joined the S&P 500 index on Wednesday and announced that its payment platform Square has launched a pilot for Bitcoin payment services.
The service is based on Lightning Network technology and supports merchants to achieve low-cost, near-instant Bitcoin payments through Square devices.
According to Bloomberg, Tether CEO Paolo Ardoino said the company is planning to re-enter the U.S. market with a focus on institutional clients, offering stablecoins for payments, interbank settlements, and trading.
He emphasised that Tether has no intention of going public and will continue to prioritise emerging markets while expanding in the U.S.
According to Bloomberg, JPMorgan said the $2 trillion stablecoin market projection by 2028 is “a little bit optimistic,” citing underdeveloped infrastructure as a key constraint.
The bank expects the market is more likely to double or triple in the coming years rather than grow manyfold from its current $260 billion size.
Societe Generale, France's second-largest bank, will provide OTC liquidity support for 21Shares' Bitcoin and Ethereum ETPs on its platform in Germany and Eastern Europe, making these products accessible to a wider group of professional investors.
According to Unchained, Asymmetric founder Joe McCann will serve as the CEO of Accelerate, a new Solana treasury company, and plans to raise $1.51 billion to become the largest Solana treasury company, and is expected to purchase about 7.32 million SOLs.
Nature’s Miracle announced the launch of a corporate XRP treasury program of up to $20 million.
The company will use equity financing proceeds under the SEC-approved S-1 registration statement to purchase XRP for long-term strategic reserves, staking yield, and participation in the Ripple ecosystem.
Crypto majors trade at the following levels
BTC 118,000 (down 0.8% in 24 hours)
ETH 3,610 (down 3.4%)
XRP 3.13 (down 10.8%)
SOL 186.20 (down 7.6%)
Have a great day!
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