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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.
- 16:11Ethereum Foundation: Focusing on Core Values and Strategic Goals Over the Next YearThe Ethereum Foundation stated that in the coming year, efforts will be centered around two pillars: core values and strategic goals, supported by technical excellence, to promote the long-term success of the Ethereum ecosystem. Specific focuses include: Expanding the Ethereum mainnet (L1) and data expansion (Blobs); Improving user experience (UX), enhancing L2 interoperability, and advancing the application layer; Enhancing the developer experience (DevEx) and increasing exposure and support for applications and L2 projects on platforms like Devcon. Additionally, the Ethereum Foundation will accelerate the path for developers, entrepreneurs, and institutions to build and apply Ethereum, leveraging EF's knowledge and leadership to attract and nurture the next generation of builders.
- 16:11Analysis: US Consumer Confidence in Stock Market Hits Record Low, Safe-Haven Sentiment RisesJinse reports, according to analysis by The Kobeissi Letter, the latest survey from the University of Michigan shows that American consumers' pessimism towards the stock market has reached a historic high. A record 12% of Americans believe there is no possibility of the stock market rising in the next 12 months, a figure that has tripled in the past two months and has surpassed the peak levels during the market bottoms of 2022, 2009, and 2020. Meanwhile, 44.5% of consumers expect the stock market to decline in the coming year, marking the highest level since 2022 and the second-highest in 14 years. Market sentiment is unusually in an extremely pessimistic state. Analysts point out that the sharp decline in consumer confidence is related to concerns about economic recession, inflation pressures, and unstable trade relations. This pessimism may lead investors to withdraw from the stock market, reduce market liquidity, shift funds to defensive sectors, or hold cash, further exacerbating market volatility.
- 16:07BONK Founder: Open a New Wallet to Purchase Fun Memes on the Letsbonk.Fun PlatformBONK founder Tom stated in a post that he has created a new wallet and injected $2,000, planning to purchase newly issued, interesting non-BONK-related tokens on the Letsbonk.Fun platform before going to sleep. He will not sell them unless their market value reaches $100 million or drops to zero after purchase.It is reported that the first Meme he purchased, Grassito, reached a market value of up to $2.5 million at one point.