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Ether exchange-traded funds (ETFs) are recording a remarkable surge in investor interest. Spot ETH ETFs have received nearly $2.4 billion in net inflows, almost triple the $827.6 million logged by Bitcoin ETFs in the same period. This trend reflects a broader shift in institutional investor sentiment.
Source: https://cryptoslate.com/ethereum-etfs-soar-past-bitcoin-in-new-flows-as-institutional-focus-shifts/
WOO X suffered an authorized breach on July 24, resulting in the theft of roughly $14 million in crypto. The exchange said it is investigating the “contained incident’ and revealed that the breach resulted in unauthorized withdrawals from nine user accounts. The stolen funds were withdrawn from the exchange to various networks.
Source: https://cryptoslate.com/woo-x-suffers-14-million-breach-affecting-9-users-halts-withdrawals/
The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company sells shares to a group of investors. According to the report, Kingsway could be one of the investors.
Ethena Labshas partnered withAnchorage Digitalto launch a fully regulated version of its USDtb stablecoin within the United States. The collaboration marks a major milestone for Ethena as it transitions USDtB’s issuance to a domestically regulated GENIUS Act framework.
A coalition of trade groups warns of legal threats to U.S. open banking, urging Trump to uphold consumer financial data rights. The open banking rule, finalized during Trump’s first term, established a legal foundation for consumers to link their financial data to third-party services free of charge.
Major altcoins, includingEthereumandXRP, have taken a step back following a week of strong upward momentum. The total altcoin market capitalization fell below $1.5 trillion for the first time in a week, according to CoinMarketCapdata.
The House of Representatives adjourned a week ahead of schedule on July 24. This recess comes amid an intensifying debate over a proposed amendment to release files related to Jeffrey Epstein. Last week, eleventh-hour maneuvering over an Epstein-related amendment first threatened to stall House proceedings.
Lido’sonce-dominant presence in theEthereumstaking market has fallen to a three-year low. This drop coincides with a prolonged depegging ofstETH, the liquid staking token issued by the platform. At the same time, the platform’s withdrawal queue has surged to its highest level since withdrawal functionality was enabled.
Source: https://cryptoslate.com/lidos-market-share-shrinks-as-steth-struggles-with-depegging/
Institutional adoption of Bitcoin has reached a new peak, with over 10% of the total BTC supply now held by public companies or in exchange-traded funds. At current market prices of roughly $118,838 per coin, institutional holdings are valued at more than $250 billion. Daily demand from corporate buyers is ten times greater than the number of new coins mined.
Lido’sonce-dominant presence in theEthereumstaking market has fallen to a three-year low. This drop coincides with a prolonged depegging ofstETH, the liquid staking token issued by the platform. At the same time, the platform’s withdrawal queue has surged to its highest level since withdrawal functionality was enabled.
Source: https://cryptoslate.com/lidos-market-share-shrinks-as-steth-struggles-with-depegging/