Here is what happened yesterday in the crypto market:
US Bitcoin ETFs record first back-to-back $1B inflows
US-based spot Bitcoin ETFs have achieved a significant milestone, recording over $1 billion in inflows for two consecutive days. This marks the first time since their launch in January 2024 that these ETFs have seen such sustained high inflows, indicating growing institutional interest in Bitcoin. Read more
Altcoins are rocketing, Bitcoin dominance hasn’t ‘even sneezed’
A crypto analyst suggests that altcoins still have significant upside potential, even as many are surging without substantially impacting Bitcoin’s market dominance. This indicates a broad market rally beyond just Bitcoin, with altcoins gaining independent momentum. Read more
XRP’s 'very positive sign’ — Whales soar to new highs as price jumps 10%
The number of wallets holding at least 1 million XRP tokens, often referred to as ‘whales’, has reached an all-time high. This surge in large holders coincides with a notable 26% increase in XRP’s price over the past week, signaling strong investor confidence. Read more
BlockFi bankruptcy administrator and DOJ agree to dismiss $35M lawsuit
The administrator overseeing BlockFi’s bankruptcy and the US Department of Justice (DOJ) have settled to dismiss a $35 million crypto asset transfer lawsuit. This agreement could streamline the ongoing bankruptcy proceedings for the crypto lender. Read more
Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report
Changpeng “CZ” Zhao, co-founder and former CEO of Binance, has publicly rejected a recent Bloomberg report linking him to a stablecoin issued by World Liberty Financial. CZ has threatened legal action, asserting the report is inaccurate and misleading. Read more