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https://farcaster.xyz/dungnguyen111/0x52417384
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Ethereum tops $3,300 as spot ETH ETF inflows hit record high — is $3,500 in sight?
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https://farcaster.xyz/jesse.base.eth/0x27410853
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Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?
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Bit Digital swaps entire treasury into Ethereum, says it's now a top public ETH holder after a $173 million splurge
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FTX is seeking court approval for a new claims process that could affect creditors from 49 jurisdictions where crypto is banned or restricted.
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https://farcaster.xyz/tr3llooo/0xc8da0ba7
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Ripple CEO: 'We’re closing this chapter once and for all' in years-long case with SEC Ripple is turning the page and closing the chapter on its years-long case with the U.S. Securities and Exchange Commission, according to its CEO Brad Garlinghouse. In a post on X on Friday, Garlinghouse said the firm is dropping its cross-appeal. A cross-appeal allows a party in a suit to challenge different aspects of a court ruling. "We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value," Garlinghouse said. "Lock in."
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Why are thousands of crypto investors getting IRS warning letters — and should you worry? Over the past 60 days, crypto tax software platform CoinLedger has witnessed a 758% increase in U.S. users receiving Internal Revenue Service letters, with accounting firms like Taxing Cryptocurrency confirming the same trend, CoinLedger CEO David Kemmerer told The Block. Although President Donald Trump has expressed interest in eliminating taxes on U.S.-based cryptocurrencies, no related legislation has been introduced in Congress, he said via email. Meanwhile, many investors still mistakenly believe they don't need to report crypto on their taxes, and IRS letters like this one are causing a lot of anxiety, he added. It could be the start of a broader enforcement wave, especially with new 1099-DA regulations set to kick in next year, Kemmerer said.
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Bitwise updates Dogecoin and Aptos ETF filings, analyst notes ‘huge’ addition of in-kind redemptions Bitwise on Thursday submitted updated S-1 filings with the U.S. Securities and Exchange Commission for its proposed spot Dogecoin DOGE -2.57% and Aptos APT +1.08% exchange-traded funds. The crypto asset manager was the first firm to file for a Dogecoin ETF in January and is the only issuer so far to file for an Aptos fund, which it applied for in March. "Good signs as it indicates SEC engagement, and tracks with other spot approvals," Bloomberg senior ETF analyst Eric Balchunas said in a post on X. Of note, the new filings mention in-kind creations and redemptions, which were nonexistent in Bitwise's initial filings.
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SharpLink Gaming buys $463 million in ETH, becomes No. 2 holder after Ethereum Foundation Minnesota-based affiliate marketing firm SharpLink Gaming (ticker: SBET) purchased 176,270.69 ETH for about $463 million as part of an effort to grow its Ethereum treasury strategy. The purchase positions SharpLink behind only the Ethereum Foundation, the independent organization overseeing the Ethereum ecosystem, which holds 214,129 ETH valued at over $540.7 million, according to crypto data tracker Arkham. "This is a landmark moment for SharpLink and for public company adoption of digital assets,” said SharpLink Gaming CEO Rob Phythian in a Friday statement. “We believe Ethereum is foundational infrastructure for the future of digital commerce and decentralized applications. Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital.”
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Spot Ethereum ETFs pull in $240 million, beating Bitcoin ETFs’ $164 million daily inflows Spot Ethereum ETH -1.97% exchange-traded funds in the U.S. saw over $240.3 million in net inflows on Wednesday, surpassing the $164.5 million in net inflows into spot bitcoin ETFs. This is the 18th consecutive day of positive flows into spot ETH ETFs. According to data from SoSoValue, BlackRock's ETHA led Wednesday's inflows with $163.6 million, followed by $37.28 million into Fidelity's FBTC. Grayscale's Mini Ethereum Trust and ETHE fund also recorded net inflows, alongside Bitwise's BITW.
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awsome
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BlackRock’s spot Bitcoin ETF becomes fastest to hit $70 billion, crushing gold's previous record The firm’s bitcoin-based IBIT fund, the largest of its kind, surpassed $70 billion in assets in just 341 days of trading, making it the fastest ETF to reach that milestone, according to Bloomberg Senior ETF Analyst Eric Balchunas. "IBIT just blew through $70 billion and is now the fastest ETF to ever hit that mark in only 341 days, which is 5x faster than the old record held by GLD of 1,691 days," Balchunas posted to X Monday. With more than $70 billion in assets, BlackRock’s bitcoin ETF is by far the most popular among similar funds that track the cryptocurrency’s price. Fidelity’s spot Bitcoin ETF is a distant second, with about $31 billion in assets, according to The Block Data Dashboard. IBIT recently saw a 34-day streak of inflows.
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Strategy upsizes STRD perpetual preferred stock offering to $1 billion to buy more bitcoin
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