ETF outflows saw ETH record a $197 million fund exit, its second-largest in history, while BTC also hit pause with a $122 million departure. Currently, BTC ETFs hold 6.38% of supply, while ETH ETFs hold 5.08% with ETH on track to surpass BTC by September, if the current inflow pace is sustained.
Ethereum exit queue hit a record with 910K ETH (~$3.9B) pending withdrawal, while 268K ETH is waiting to stake. On the BTC side, whale accumulation persists: 20,061 BTC added by wallets holding at least 10K BTC since Aug 13; bringing total added since March to 225K BTC.
Bhutan has hired 3iQ to earn yield on part of its Bitcoin and given Gelephu a central bank that can hold crypto, while disclosing less and less about the coins themselves.
A royal decree turns the Gelephu Financial Services Office into the Gelephu Central Bank, with monetary policy, reserve and payments powers and a path to a city currency. The timetable and its relationship with Bhutan's national central bank are unclear
Withdrawals reopened Sunday with a $3.6 billion net outflow and a proof-of-reserves snapshot is out, but Binance has not published its technical post-mortem or said how attackers got in beyond a compromised laptop
The bank says Hong Kong is the first market in its group to get the product for corporate clients, which settles between banks in central bank money around the clock. Blockhead reported a Singapore launch with Ant International in December
