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Spot Ethereum ETFs in the U.S. witnessed record trading volumes on Monday amid the President Trump tariff-fueled turmoil.Following Trump’s tariff announcements on Saturday, ether was one of the hardest hit, dropping 36% to a low of around $2,100 on Monday.
While some view the firm’s BTC buying pause as a bearish development, a couple analysts think differently
Hougan noted that spot Bitcoin ETFs absorbed $4.94 billion in January alone, an annualized pace of approximately $59 billion.
Tariffs issued on three of the US’s biggest trading partners sent global markets into a tailspin
Quick Take White House crypto czar David Sacks said bitcoin is an “excellent store of value” as the original and strongest cryptocurrency. Sacks said evaluating a potential bitcoin reserve is a top priority. The crypto czar also told CNBC that he wants more stablecoin innovation to happen in the U.S.
- 05:27A Whale Closes ETH Short Position and Opens $116 Million ETH 15x Long PositionOn July 21, according to on-chain data, a certain whale closed their ETH short position 17 hours ago and, within the past 7 hours, accumulated $116 million worth of ETH long positions with 15x leverage. The average entry price was $3,762.58, with a liquidation price of $3,604.
- 05:12Spot gold rises to $3,360 per ounce, up 0.29% on the dayAccording to Jinse Finance, spot gold has risen to $3,360 per ounce, up 0.29% on the day. (Jin10)
- 05:07Swarms community Discord account compromised, over 300 members removedAccording to ChainCatcher, the AI agent protocol swarms disclosed on the X platform that the swarms community Discord account was compromised. Earlier today, a team member’s Discord account was breached after receiving a malicious private message from a user. As a result, the attacker deleted multiple channels and removed over 300 community members. The team is actively working to restore the community and is implementing additional security measures to prevent similar incidents in the future.