Crypto News
FOMO HOUR 165 – ETH ETFs TAKE IN 107M
BTC ETFs: -$78m, ETH ETFs: +$107m. BTC falls amid ETF outflows & Mt. Gox movements. ETH ETFs see ‘very solid’ first day $107m inflows. Grayscale ETH trust sees $484m outflow. ETH ETF volumes come out at 23% of BTC. Debate about whether strong flows will continue. SOL DEX volume continues to rise above ETH. Harris may also speak at Bitcoin Nashville. Harris could be far more open to Bitcoin: Cuban. BTC symbol lights up Vegas Sphere. Coinbase continues to pursue Gensler emails. dYdX explores sale of derivatives tech. dYdX site recovers after DNS attack. JD to create Hong Kong stablecoin. Bitwise uses ENS addresses for ETH ETFs. BlackRock applies for ENA cash allocation. Uber CEO wants to accept BTC.Source link...
Stablecoin Market Cap Jumps to $164B After Months of Stagnation
Renewed expansion in stablecoins is bullish for the broader crypto market.Source link
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.Source link
Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push
The company already runs nodes on multiple blockchain networks and is considering bitcoin mining plans, its web3 head revealed last month at a conference.Source link
Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $4 billion, Sygnum caters to clients from over 60Source link