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🌙 ETH is Flat After Strong ETF Debut
Ethereum’s ETH is flat the day after the much-anticipated debut of spot exchange traded funds (ETFs) linked to the asset, which attracted net inflows of $106.6 million on their first day of trading.
Mike Gavela
July 24, 2024
Crypto Roundup - July 24
Ethereum (ETH) remained flat despite the debut of new spot ETFs, which attracted over $100 million in inflows. The tepid market reaction contrasts with the enthusiastic response to Bitcoin ETFs in the past. Meanwhile, dYdX's website was compromised amidst rumors of a protocol sale, raising security concerns in the DeFi space. Coinbase Asset Management is planning to launch a tokenized money market fund, highlighting growing interest in digital financial products, following BlackRock's success in the area.
Top Stories:
Ethereum's flat response to new ETFs, despite substantial inflows, suggests market uncertainty.
dYdX's website hacked amid rumors of a potential protocol sale, sparking security concerns.
Coinbase plans tokenized money market fund, indicating increased institutional interest in digital assets.
TOP STORIES
FUNDRAISING
We're excited to announce our $15M Series A led by @foundersfund to build the Metalayer, the end game for Ethereum rollups 🌋
This round brings our total funding to $25M and will help us advance our goal of making Ethereum go web-scale.
— Caldera (@Calderaxyz)
1:41 PM • Jul 24, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
I just spoke to @novogratz.
He's very confident Kamala Harris will flip pro-crypto.
The most bullish possible world is for both presidential candidates to fight for us in an escalating game of pro-crypto one upmanship. 🤌
Episode Monday.
— RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)
8:45 PM • Jul 24, 2024
Breaking: @krakenfx states officially that the #MtGox #Bitcoin has been successfully distributed to creditors.
#wegoingup ☝️Higher.
— MartyParty (@martypartymusic)
11:25 PM • Jul 23, 2024
Stablecoin market cap has jumped since July 2 after period of stagnation, reaching ~$165 billion
The highest since May 2022
— Tom Dunleavy (@dunleavy89)
6:54 PM • Jul 22, 2024
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