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- 🌙 Spot Bitcoin ETFs Record Highest Inflows
🌙 Spot Bitcoin ETFs Record Highest Inflows
Crypto markets continue to post modest gains after late last week's heavy sell-off.
Mike Gavela
July 09, 2024
Crypto Roundup - July 9
The crypto market is experiencing a significant rally, with spot Bitcoin ETFs recording the highest inflows since June 6, driven by renewed investor interest and positive market sentiment. Meanwhile, Grayscale is targeting July 18 for the potential creation of an Ethereum ETF, which could further boost institutional interest in crypto assets. In other news, former FTX executives Nishad Singh and Gary Wang are set to face sentencing later this year for their roles in the company's downfall, with both having pleaded guilty to charges related to fraud and conspiracy.
Top Stories:
Crypto markets rally as spot Bitcoin ETFs record highest inflows since June 6, driven by renewed investor interest and positive market sentiment.
Grayscale targets July 18 for potential Ethereum ETF creation, aiming to attract more institutional investors to the crypto market.
Former FTX execs Nishad Singh and Gary Wang will face sentencing later this year, having pleaded guilty to charges of fraud and conspiracy related to the company's collapse.
TOP STORIES
FUNDRAISES
Today, we announce $9M in funding!
This will help Rome bring modular @solana services to the @ethereum network, making L2s as fast and decentralized as Solana, secured by the full Solana stake.
Led by @hack_vc, @HashKeyGroup, @PolygonVentures, @PortalVentures, @aeyakovenko,… x.com/i/web/status/1…
— Rome (@RomeProtocol)
12:49 PM • Jul 9, 2024
After 2.5 years of building the multichain revolution, we are proud to announce the @SearchOnDora $5.5M Early Stage Fundraise led by @dragonfly_xyz & @Lemniscap
Abundant Onchain Worlds will be achieved by unifying Search & Action across chains on an Infinite Discovery Engine
— bunny (@ConejoCapital)
4:08 PM • Jul 9, 2024
After 2.5 years of building the multichain revolution, we are proud to announce the @SearchOnDora $5.5M Early Stage Fundraise led by @dragonfly_xyz & @Lemniscap
Abundant Onchain Worlds will be achieved by unifying Search & Action across chains on an Infinite Discovery Engine
— bunny (@ConejoCapital)
4:08 PM • Jul 9, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
Today @Uniswap Labs urged the SEC not to proceed with its proposed rulemaking that would dramatically and improperly expand the definition of an ‘exchange’ to include DeFi and more. 1/x
— Katherine Minarik (@MinarikLaw)
9:44 PM • Jul 9, 2024
🚨 BlackRock buys 2134 BTC ($121m)!
IBIT holders thank Germany for the discount 😂
— Julian Fahrer (@Julian__Fahrer)
11:07 PM • Jul 9, 2024
Bitcoin had 20% drawdown in a month flat. Pretty nasty. I would have been impressed if 90% of aum hung in there but it was over 100% as they saw inflows. The Boomers hung tough, even tougher than I predicted, and kept the all imp YTD net number at +$15b. Hanging tough during… x.com/i/web/status/1…
— Eric Balchunas (@EricBalchunas)
3:43 PM • Jul 9, 2024
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