ETF redemptions accelerated with ETH spot ETFs seeing a $429 million exit (3rd day of outflows) while BTC spot ETFs also registered a $327 million outflow yesterday.
Price momentum faded after the strong Monday one. BTC dropped 2.2% to $112,455; ETH 2.1% to $4,050; BNB down 7% to $1,215; SOL flat at $198.
Market structure: Open interest turned down sharply (≈ −77k BTC and −1.67 million ETH), indicating low return of leveraged traders.
Macro pressure: Gold hit a new ATH of $4,130 and S&P 500 +1.5% with China vowing to “fight trade war to the end.”
VC & product demand: Fundraising surged to a record $3.48 billion in one week, as venture appetite returns even as spot sentiment cools.
Attackers hijacked a backend wallet system to feed forged transfers into Bitget's own signing process, leaving the exchange to cover the loss from a Bitcoin-denominated protection fund worth about $464 million.
The investment migration industry's flagship crypto report leads with Singapore topping its adoption index, but the more revealing numbers are a client base that may have shrunk by a fifth since 2024 and a quiet admission that onchain history alone can't prove where crypto wealth came from.
The group-wide framework scales a model RBI's chief executive first rolled out at a regional Austrian Raiffeisen bank in 2024, though no countries, assets or launch dates have been named.
The deal gives the NYSE's yet-to-launch 24/7 digital trading venue a second major crypto exchange as a distribution partner after OKX, with regulatory approval and a launch date still outstanding.
