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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.
- 16:31Ghana Plans to Regulate Digital Assets by September 2025Ghana is venturing into cryptocurrency regulation, with the Bank of Ghana Governor Johnson Asiama announcing plans to regulate digital assets by September 2025, ahead of the introduction of the Virtual Asset Providers Bill. Recognizing the inevitable rise of blockchain, the Bank of Ghana will establish a dedicated digital assets department. This marks a shift from its 2018 stance warning against the use of cryptocurrencies.
- 16:30Trump: Tariffs Will Significantly Reduce Many People's Income TaxesAccording to Jinshi, Trump recently posted on social media that when tariffs take effect, many people's income taxes will be significantly reduced, and they may even be completely eliminated. The focus will be on individuals with an annual income below $200,000. In addition, a large number of jobs are already being created, and new factories and workshops are being built or planned. This will be a major benefit for the United States, and we are achieving "external revenue services."
- 15:55Crypto Journalist Eleanor Terrett: ProShares' Three XRP ETFs Are Not SpotCrypto journalist Eleanor Terrett stated on the X platform that the three XRP ETFs from ProShares are not spot products but rather an application for futures and leveraged/inverse products. These products do not require "approval" from the U.S. Securities and Exchange Commission like spot products do. They will become effective unless the SEC raises any objections within a certain period after the application is submitted.