Tag: Crypto ETFs

  • Crypto Weekly: Bitcoin ETFs See $2.38B Inflows, QNT Jumps 260%, UK Launches Crypto Licensing

    Crypto Weekly: Bitcoin ETFs See $2.38B Inflows, QNT Jumps 260%, UK Launches Crypto Licensing

    Bitcoin spot ETFs recorded $2.38 billion in weekly net inflows, while Quant (QNT) surged 260% to a five-year high. Meanwhile, the Bitget hacker began moving stolen funds, Wintermute-linked shorts on Hyperliquid reached $126 million, and the UK Financial Conduct Authority (FCA) opened its new crypto licensing window.

    Bitcoin Spot ETFs Attract $2.38 Billion

    According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $2.38 billion last week. BlackRock’s IBIT led with $1.158 billion, followed by Fidelity’s FBTC at $702 million. The total net asset value of Bitcoin spot ETFs now stands at $108.42 billion, with the ETF net asset ratio at 6.43% and cumulative net inflows totaling $57.55 billion.

    QNT Surges to Five-Year High

    QNT climbed roughly 260% weekly to a peak of about $370 before settling around $205. The rally was driven by The Clearing House selecting Quant for its On-Chain Money Initiative. Additional catalysts include Quant’s integration into Murex MX.3 and its selection by the European Central Bank for digital euro testing.

    Bitget Hacker Moves Stolen Funds

    The wallet linked to the September 24 Bitget hack began transferring Ethereum (ETH) into THORChain vaults and swapping assets into Bitcoin. Bitget confirmed the breach did not compromise private keys; instead, a critical backend component was exploited to pass fraudulent transaction data through the exchange’s authorization process.

    Wintermute’s Hyperliquid Shorts Reach $126 Million

    Onchain Lens reported that a Wintermute-linked wallet held roughly $126.25 million in short positions on Hyperliquid as of September 28, with a $46.92 million Ethereum short representing the largest position. The wallet showed approximately $963,600 in unrealized profit at the time and a lifetime P&L of around $197.22 million.

    UK Opens New Crypto Licensing Window

    The FCA began accepting crypto license applications at 7 am UK time on September 30. Firms have until February 28, 2027, to submit during the main application window. The new regime starts October 25, 2027. The FCA published a 73-page preview requiring details such as firm activities, regulated permissions, control structure, customer asset handling, and financial/operational standards.

    FAQs

    How much did Bitcoin spot ETFs attract last week?

    Bitcoin spot ETFs recorded $2.38 billion in weekly net inflows. BlackRock’s IBIT led with $1.158 billion, followed by Fidelity’s FBTC with $702 million.

    Why did QNT surge 260% in a week?

    The rally coincided with The Clearing House selecting Quant for its On-Chain Money Initiative. Other factors include Quant’s integration with Murex MX.3 and its involvement in digital euro testing.

    What happened to the funds stolen from Bitget?

    A wallet linked to the September 24 Bitget breach began moving ETH through THORChain and swapping into Bitcoin. The exchange attributed the breach to a compromised backend component.

    How large are the Wintermute-linked Hyperliquid short positions?

    On-chain tracking identified approximately $126.25 million in short positions. The largest was a roughly $46.92 million ETH short.

    When does the UK’s new crypto licensing window open?

    The FCA’s crypto authorization gateway opened on September 30, 2026. The main application window runs until February 28, 2027, with the new regime beginning October 25, 2027.

  • Crypto Investment Strategies: From Bitcoin HODLing to DeFi, ETFs and Tokenized Assets

    Crypto Investment Strategies: From Bitcoin HODLing to DeFi, ETFs and Tokenized Assets

    Why crypto investing looks different today

    Crypto investing has moved well beyond the early model of buying Bitcoin and safeguarding private keys. Today’s market includes exchange-traded funds, staking, decentralized finance, derivatives and tokenized assets. That shift reflects technological progress, new financial infrastructure and growing institutional participation. Investors can now choose between direct ownership, yield-generating strategies and regulated investment products.

    The first playbook: buy, hold and self-custody

    In Bitcoin’s early years, investment options were limited. Investors typically bought BTC through exchanges or peer-to-peer markets and then moved it into personal wallets. Long-term holding, later widely known as HODLing, became one of crypto’s defining strategies. Investors were mainly betting on Bitcoin’s scarcity and future adoption rather than expecting income from the asset. Self-custody was therefore a central part of early crypto investment strategy.

    Altcoins and the diversification lesson

    Ethereum and other blockchain networks widened the investment universe beyond Bitcoin. Ethereum introduced programmable smart contracts, giving investors exposure to decentralized applications and blockchain infrastructure. The 2017 ICO boom then brought thousands of new tokens to market. Failed projects and severe corrections showed that spreading capital across cryptocurrencies does not automatically reduce risk when assets share similar market drivers.

    DeFi and staking add yield, along with new risks

    Decentralized finance changed how investors could use their crypto holdings. Lending, borrowing, liquidity provision and yield farming became accessible strategies. Proof-of-stake networks also expanded staking, allowing holders to earn rewards by participating in blockchain security. These approaches introduced potential income but also added risks tied to smart contracts, liquidation, validators, token incentives and protocol failures.

    ETFs bring crypto into traditional brokerage accounts

    Exchange-traded products marked another major shift by bringing crypto exposure into conventional brokerage accounts. By 2026, US-listed products extended beyond Bitcoin. SEC filings show the Grayscale Solana Staking ETF supports in-kind creations and redemptions, while its updated trust structure provides for distributions derived from staking rewards. The Bitwise Solana Staking ETF similarly seeks SOL exposure while generating additional SOL through staking. These products illustrate how traditional investment vehicles are incorporating features once associated with on-chain investing.

    Tokenization connects blockchains and traditional assets

    The latest phase increasingly links blockchain infrastructure with traditional financial assets. Solana currently indexes approximately USD 7 billion in tokenized value across nearly 2,700 assets, including equities, ETFs, Treasuries and commodities, with roughly USD 348 million in 24-hour real-world asset volume. More broadly, Bitwise reported that tokenized real-world assets reached USD 32.89 billion during 2026 after increasing 50.3% year-to-date in its Q2 review. Tokenization is also becoming more integrated with DeFi, where real-world assets can potentially serve as collateral or interact with lending and trading protocols.

    Data-driven portfolio management takes hold

    Modern crypto investors increasingly monitor ETF flows, derivatives positioning, on-chain cost bases, liquidity and macroeconomic conditions alongside traditional technical indicators. This creates strategies that combine blockchain-specific data with techniques already familiar to conventional financial markets.

    What investors should keep in mind

    Crypto investment strategies have evolved from straightforward Bitcoin holding into a multi-layered market spanning diversification, staking, DeFi, ETFs and tokenization. More options give investors greater flexibility, but they also introduce custody, liquidity, smart-contract and market risks that require careful research and risk management. This article is for informational purposes only and does not constitute investment advice.

    FAQ

    How did early crypto investment strategies work?

    Early crypto investing largely involved buying Bitcoin through exchanges or peer-to-peer markets and holding it in personal wallets. Investors generally focused on Bitcoin’s scarcity and long-term adoption rather than earning income from their holdings.

    How did Ethereum change crypto investing?

    Ethereum introduced programmable smart contracts, expanding investment opportunities beyond digital money. Investors could gain exposure to decentralized applications, tokens and eventually DeFi protocols, creating new strategies involving lending, liquidity provision and other blockchain-based financial activities.

    What role does staking play in modern crypto investing?

    Staking allows holders of proof-of-stake cryptocurrencies to participate in network security while potentially earning rewards. It provides an alternative to simply holding tokens, although investors must consider validator, liquidity, slashing and protocol-related risks.

    How have crypto ETFs changed investment strategies?

    Crypto ETFs allow eligible investors to gain digital-asset exposure through traditional brokerage infrastructure without directly managing wallets and private keys. By 2026, some products also incorporated features such as staking and in-kind creations and redemptions.

    How is tokenization changing crypto investment strategies?

    Tokenization brings traditional assets such as equities, ETFs, Treasuries and funds onto blockchain infrastructure. This increasingly connects conventional finance with crypto markets and can enable programmable transfers, on-chain trading and integration with decentralized-finance applications.

  • Crypto Market Update: Bitcoin ETF Outflows, Ethereum’s Glamsterdam Upgrade, and SKY Token Price Target

    Crypto Market Update: Bitcoin ETF Outflows, Ethereum’s Glamsterdam Upgrade, and SKY Token Price Target

    Overview

    The crypto market saw major developments as spot Bitcoin ETFs recorded $282 million in net outflows, while Ethereum targets October 6 for the Glamsterdam upgrade. Also, Standard Chartered predicts SKY token to rise to $0.325 and HYPE’s protocol revenue rises by 83.3%.

    Bitcoin Witnessed $282 Million in Net Outflow

    According to SoSoValue, the Bitcoin spot ETFs saw a total net outflow of $282.56 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley’s ETF MSBT, with a daily net inflow of $3.98 million, and the total historical net inflow of MSBT currently stands at $524.87 million.

    The Bitcoin Spot ETF with the highest net outflow yesterday was Ark Invest and 21Shares’s ETF ARKB, with a daily net outflow of $164.32 million, and the total historical net inflow of ARKB currently stands at $1.22 billion.

    The total net asset value of Bitcoin Spot ETFs is $97.49 billion, with an ETF net asset ratio of 6.28%. The historical cumulative net inflow has reached $55.17 billion.

    Ethereum Targets October 6 for Glamsterdam Upgrade

    Ethereum developers have tentatively scheduled the Glamsterdam upgrade for activation on Sepolia at 13:53 UTC on October 6, 2026. ACDC #186 meeting notes and subsequent reporting from Ethereum protocol researcher Christine D. Kim show that the date remains conditional. Developers had not completed a stable Glamsterdam activation on a private development network when they selected the Sepolia schedule.

    The testing plan has since moved forward by another iteration. Kim said on September 11 that attention had turned to Glamsterdam-Devnet-11, which is expected to launch on Monday, September 14. Earlier plans had identified Devnet-10 as the next major test.

    Nasdaq Puts $100 Million in Kraken

    Nasdaq, one of the world’s most important stock exchange operators, has announced a $100 million investment in Payward, the parent company of crypto exchange Kraken, to jointly build the infrastructure that will bring publicly listed shares onto the blockchain. This Nasdaq-Kraken tokenized stock deal marks a genuine reversal of the narrative: traditional finance is not watching from the sidelines while crypto exchanges experiment with equity tokens. Wall Street is putting its own capital directly into crypto infrastructure.

    Nasdaq now owns equity in the venue it has picked to distribute its own tokenized shares outside the United States, and the deal lands nine days after Payward struck a comparable arrangement with the London Stock Exchange.

    Standard Chartered Expects SKY Token to Rise to $0.325

    Standard Chartered has issued its first coverage of Sky’s SKY token, setting a target price of $0.325 by the end of 2028, which is five times higher than the current $0.065. The bank expects that as USDS adoption and lending capacity expand, the value delivered to SKY token holders by Sky will exceed five times its current level by 2028. Data from DeFiLlama shows that USD Sky’s yield-bearing sUSDS token has a total value locked of $4.5 billion with an annualized yield of 3.6%.

    Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, said Sky is a decentralized finance (DeFi) platform originally named MakerDAO, capable of issuing stablecoins, establishing governance frameworks, and charging wholesale interest rates to borrowers making it akin to a ‘federal bank.’

    HYPE’s Protocol Revenue Rises

    In the past 30 days, Hyperliquid protocol revenue amounted to approximately $59.84 million, a growth of 83.3% compared to the previous 30 days; revenue in the most recent 7 days reached about $11.57 million, a 12.7% decrease compared to the prior period.

    From August 12 to September 11, the cumulative HYPE burned by the Assistance Fund increased to 47.123 million tokens, with approximately 775.4 thousand newly burned in the past 30 days, valued at around $62.08 million. According to the official mechanism, the Assistance Fund automatically converts transaction fees allocated to it into HYPE, and HYPE within the fund is permanently removed from circulation and total supply.

    FAQs

    1. How much money flowed out of Bitcoin spot ETFs?

    Bitcoin spot ETFs recorded approximately $282.56 million in net outflows for the day. ARKB led withdrawals with $164.32 million, while MSBT recorded $3.98 million in inflows.

    2. When is Ethereum’s Glamsterdam upgrade expected on Sepolia?

    Ethereum developers have tentatively targeted October 6, 2026, at 13:53 UTC for Glamsterdam’s Sepolia activation. The schedule remains conditional on successful development-network testing.

    3. Why is Nasdaq investing $100 million in Kraken’s parent company?

    Nasdaq is investing in Payward as the companies work together on infrastructure for tokenized publicly listed equities. The partnership highlights growing integration between traditional capital markets and blockchain-based financial infrastructure.

    4. What is Standard Chartered’s SKY token price target?

    Standard Chartered has reportedly set an end-2028 SKY price target of $0.325, around five times the stated current price of $0.065. The outlook is tied partly to USDS adoption and lending growth.

    5. How much revenue is Hyperliquid generating?

    Hyperliquid generated approximately $59.84 million in protocol revenue over the past 30 days, representing an 83.3% increase from the preceding period. Seven-day revenue stood at roughly $11.57 million.

  • Crypto ETFs: The Bridge Bringing Digital Assets to Everyday Investors

    Crypto ETFs: The Bridge Bringing Digital Assets to Everyday Investors

    Crypto ETFs are changing how everyday investors access digital assets. Instead of buying cryptocurrencies directly, investors can purchase ETF units through traditional brokerage accounts, making crypto investing feel more familiar, accessible, and integrated with established financial markets.

    What is a Crypto ETF?

    A crypto ETF is an exchange-traded fund designed to provide exposure to cryptocurrency prices or related assets. Like other ETFs, it trades on a stock exchange, allowing investors to buy and sell units during market hours without holding cryptocurrency directly.

    Bitcoin Leads the Way

    Bitcoin ETFs have become an important gateway for mainstream investors. They let market participants gain exposure to Bitcoin through conventional investment accounts, potentially reducing the complexity of setting up crypto wallets, managing private keys, and navigating cryptocurrency exchanges.

    Ethereum Expands Investor Choice

    Ethereum-focused ETFs broaden options for investors seeking digital-asset exposure. Ethereum’s role in decentralized applications, smart contracts, and blockchain infrastructure gives these investment products a different proposition from Bitcoin-focused funds, although both remain exposed to significant cryptocurrency market volatility.

    Familiar Investing Experience

    Crypto ETFs fit into investment habits people already understand. Investors can research funds, compare performance, monitor prices, and place trades through brokerage platforms. This familiar structure may make digital assets less intimidating for people who have avoided direct cryptocurrency ownership.

    Risks Still Remain

    Accessibility does not eliminate risk. Crypto ETFs can experience substantial price swings because underlying digital assets remain volatile. Investors should also consider fees, tracking differences, regulatory developments, market conditions, and the possibility of significant losses before allocating money to these products.

    A Bridge to Digital Assets

    Crypto ETFs could bridge traditional finance and the cryptocurrency ecosystem. By combining regulated market infrastructure with digital-asset exposure, they may help broaden participation while giving investors a simpler route into an increasingly mainstream investment category.

  • Bitcoin ETF Inflows Hit $211M, BlackRock Tokenizes $311B Funds, Uniswap Launches Lending, SpaceX Reduces Crypto Holdings

    Bitcoin ETF Inflows Hit $211M, BlackRock Tokenizes $311B Funds, Uniswap Launches Lending, SpaceX Reduces Crypto Holdings

    The crypto market saw significant developments as spot Bitcoin ETFs recorded $211.49 million in daily net inflows, BlackRock expanded tokenized fund offerings in Europe, Uniswap entered the lending space, and SpaceX reduced its crypto exposure.

    Bitcoin ETF Inflows Surge

    According to SoSoValue, U.S. spot Bitcoin ETFs saw total net inflows of $211.49 million. BlackRock’s IBIT led with $170.35 million in daily inflows, bringing its historical total to $60.76 billion. Fidelity’s FBTC followed with $19.58 million, reaching a cumulative $9.97 billion. The total net asset value of Bitcoin spot ETFs now stands at $78.26 billion, with an ETF net asset ratio of 6.06% and historical cumulative net inflows of $51.71 billion.

    BlackRock Tokenizes $311 Billion in European Money Market Funds

    On August 4, 2026, BlackRock introduced 12 tokenized share classes tied to six of its Institutional Cash Series (ICS) money market funds in Europe. This marks the firm’s first tokenized fund access in the region. The six funds collectively hold $311 billion in assets under management as of June 30, 2026. Only the tokenized share class operates on blockchain, and BlackRock expects initial adoption to be modest, growing as institutional investors opt in.

    Uniswap Launches Decentralized Lending Service

    Uniswap expanded its DeFi ecosystem with the launch of Earn, a lending product developed in partnership with Morpho. Users can deposit USDC, USDT, and Ether into professionally managed lending vaults to earn passive income. Assets are supplied to borrowers through Morpho’s decentralized lending markets, with interest returned to depositors. Users retain custody and can withdraw funds at any time. This reflects a broader trend of decentralized exchanges evolving into comprehensive financial platforms.

    SpaceX Reduces Crypto Holdings by $539 Million

    Space Exploration Technologies Corp. reported that the carrying value of its digital assets fell from $1.637 billion at the end of 2025 to $1.098 billion in Q2 2026, a 33% decline. The company did not specify whether the reduction resulted from asset sales, price movements, or both. Despite this, SpaceX’s total revenue reached $7.8 billion for the period, exceeding Wall Street estimates of $6.81 billion.

    Strategy-Linked Wallet Moves 1,030 BTC

    On-chain analytics platform Lookonchain identified a wallet linked to Strategy transferring 1,030 Bitcoin (worth approximately $66.14 million) on August 5. This occurred two days after Strategy disclosed a Bitcoin sale, but the company has not confirmed whether the latest transfer was a sale. Strategy’s most recent SEC filing reported holdings of 842,138 BTC as of August 2.

    FAQs

    1. How much money flowed into Bitcoin spot ETFs?
    According to SoSoValue, U.S. spot Bitcoin ETFs recorded $211.49 million in net inflows. BlackRock’s IBIT led with $170.35 million, followed by Fidelity’s FBTC with $19.58 million.

    2. What did BlackRock announce for its European funds?
    BlackRock introduced 12 tokenized share classes linked to six Institutional Cash Series money market funds. The funds collectively manage $311 billion in assets, though only the tokenized share classes operate on blockchain.

    3. What is Uniswap’s new lending service?
    Uniswap launched Earn, a decentralized lending product developed with Morpho. Users can deposit USDC, USDT, and ETH into lending vaults to earn passive income while maintaining custody of their assets.

    4. Why did SpaceX’s crypto holdings decline?
    SpaceX reported that the carrying value of its digital assets fell from $1.637 billion to $1.098 billion in Q2 2026. The company did not disclose whether the decline resulted from asset sales, price movements, or both.

    5. Did Strategy sell another 1,030 Bitcoin?
    Not necessarily. Lookonchain identified a wallet linked to Strategy transferring 1,030 BTC, but the company has not confirmed it was a sale. An on-chain transfer alone does not establish ownership changes or transaction purpose.

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are risky assets; conduct your own research before investing.

  • Vanguard Creates Head of Digital Assets Role to Accelerate Blockchain Strategy

    Vanguard Creates Head of Digital Assets Role to Accelerate Blockchain Strategy

    Vanguard has posted a job opening for a senior executive to lead its digital assets strategy, signaling a new step toward blockchain-based financial infrastructure. The role comes even as the firm continues to reject launching its own cryptocurrency investment products.

    The company listed the Head of Digital Assets, Personal Wealth vacancy on July 6. The position seeks a leader to build a multi-year plan across advisory, self-directed, and wealth management businesses. The job covers custody, settlement, tokenization, stablecoins, wallet infrastructure, and regulatory coordination, pointing to internal preparation for a tokenized financial system.

    Strategy Shifts Toward Infrastructure

    The job posting suggests Vanguard is now focusing less on whether crypto belongs in client portfolios and more on how digital assets may move through its systems. The role calls for reviewing custody structures, reconciliation tools, settlement workflows, reporting systems, and third-party integrations. It also requires tracking tokenized securities, regulated stablecoins, blockchain providers, and digital asset custodians.

    What happens when a firm that rejected Bitcoin ETFs begins planning for tokenized finance? The answer appears in the role itself: Vanguard wants a leader who can shape governance, compliance, enterprise risk, and operational readiness.

    Cautious Stance, Wider Preparation

    Vanguard declined to offer spot Bitcoin ETFs after US regulators approved them in January 2024, stating that volatile digital assets did not fit its long-term investment philosophy. Even so, the latest hiring move shows a different focus. Vanguard appears to be preparing its wealth platform for digital assets as demand grows and regulation continues to evolve. The company has said it still has no plans to launch its own crypto ETFs or crypto mutual funds and continues to warn investors about the risks and volatility of digital assets.

    Tokenization and Long-Term Positioning

    The job description places strong emphasis on tokenization and digital cash infrastructure, as well as settlement, interoperability, and regulatory coordination. Tokenization can turn assets such as bonds, equities, and real estate into blockchain-based digital forms, potentially reducing settlement time, lowering costs, and cutting counterparty risk. Vanguard’s move aligns with broader institutional trends, as large asset managers increasingly examine blockchain infrastructure beyond direct cryptocurrency products.

    Vanguard managed about $12 trillion in assets for more than 50 million investors as of December 2025. That scale makes any operational shift potentially significant across the investment industry. Even a small allocation through third-party digital asset products could funnel billions into blockchain-linked infrastructure. Analysts have noted that 0.1% of Vanguard’s managed assets would equal about $12 billion. The new executive would not focus on speculation but rather on the systems that could support tokenized finance inside a large wealth platform.

    What’s Next?

    Vanguard’s digital assets hiring move signals a clear shift toward blockchain infrastructure, tokenization, and operational readiness. While the firm still rejects its own crypto ETFs, it is preparing for a future where digital assets may move through traditional wealth platforms.

  • Bitcoin ETFs See $231M Outflow, XRP Holds $1, AAVE Surges 21%: Crypto Market Update

    Bitcoin ETFs See $231M Outflow, XRP Holds $1, AAVE Surges 21%: Crypto Market Update

    Market Overview

    The crypto market witnessed major developments as Bitcoin spot ETFs logged $231.10 million in net outflows, while XRP held $1 support and AAVE jumped 21% over seven days. Meanwhile, Solana teamed up with Toss Bank, and Strategy authorized Bitcoin sales.

    Bitcoin Saw $231 Million in Outflows

    According to SoSoValue, Bitcoin spot ETFs saw a total net outflow of $231.10 million yesterday. The Bitcoin spot ETF with the highest net inflow was Ark Invest and 21Shares’ ETF ARKB, with a daily net inflow of $49.97 million, bringing its total historical net inflow to $1.21 billion. Grayscale’s ETF GBTC followed with a daily net inflow of $35.10 million, though its total historical net outflow stands at $27.11 billion. BlackRock’s ETF IBIT recorded the largest daily outflow at $300.38 million, with a total historical net inflow of $60.47 billion. The total net asset value of Bitcoin spot ETFs is $73.19 billion, with an ETF net asset ratio of 6.05%. The historical cumulative net inflow has reached $51.37 billion.

    Solana Partners with Toss Bank on Cross-Border Payments

    The Solana Foundation and South Korean digital lender Toss Bank have signed a memorandum of understanding to explore blockchain-powered remittance and settlement services. The agreement establishes a framework for developing a proof-of-concept that could use Solana’s blockchain infrastructure to support faster and lower-cost international payments for Toss Bank’s 15 million customers. This partnership represents the first direct collaboration between a South Korean internet-only bank and the Solana ecosystem, highlighting growing interest among financial institutions in blockchain-based payment infrastructure. The initial phase centers on a proof-of-concept designed to evaluate Solana as a platform for cross-border remittance and settlement services.

    XRP Holds $1 Support

    XRP held above $1 and traded marginally higher during the session, while network activity rose sharply and ETF inflows continued. XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. Activity increased on June 29, when volume reached 86.5 million XRP, about 67% above the 24-hour average. Open interest across major exchanges fell below 150 million from a 1.3 billion peak, and XRP ETFs added $15.34 million in net inflows on June 29. The $1 level remains key support, with $1.06 as the first short-term resistance, followed by $1.09-$1.10.

    AAVE Price Is Up 21% in 7 Days

    Aave climbed back above the $90 level. The token rose nearly 21% in the last seven days; at press time, AAVE was up 3.4%, trading at $91.48. During the rally, AAVE’s market capitalization and 24-hour trading volume surged by 3.4% and 3.66%, respectively, to $1.4 billion and $279.41 million. The price surge followed Aave founder Stani Kulechov’s rejection of claims tied to a discounted AAVE token sale and his announcement that the protocol is working on Aavenomics 3.0, which will include an automated buyback mechanism. Kulechov stated, “There is NO WAY we’d sell AAVE at a 70% discount lol.”

    Strategy Authorized BTC Sale

    In a press release and 8-K filing dated June 29, the firm formerly known as MicroStrategy unveiled a “Digital Credit Capital Framework,” a five-part overhaul of how it manages its balance sheet. This is the first time Strategy’s board has authorized the sale of Bitcoin, up to $1.25 billion to build a cash reserve, plus further sales to cover preferred dividends, interest, and stock buybacks. Strategy holds 847,363 BTC, bought for about $64.1 billion at an average price near $75,650. With bitcoin trading below $60,000 this week, that stack is worth roughly $50 billion, leaving the company with $13 billion in unrealized loss on paper.

    FAQs

    1. How much outflow did Bitcoin spot ETFs record? According to SoSoValue, Bitcoin spot ETFs recorded total net outflows of $231.10 million yesterday. BlackRock’s IBIT saw the largest outflow at $300.38 million.

    2. Which Bitcoin ETF saw the highest inflow? Ark Invest and 21Shares’ ARKB recorded the highest daily inflow at $49.97 million. Its total historical net inflow now stands at $1.21 billion.

    3. Why is XRP’s $1 level important? The $1 level is a key support zone for XRP and has helped stabilize short-term sentiment. The next resistance levels are seen at $1.06 and then $1.09-$1.10.

    4. Why did AAVE rise 21% in seven days? AAVE rallied as the token moved back above $90 and investor attention returned to Aavenomics 3.0. Founder Stani Kulechov also rejected claims of a discounted token sale, saying, “There is NO WAY we’d sell AAVE at a 70% discount lol.”

    5. What did Strategy announce about Bitcoin sales? Strategy authorized Bitcoin sales of up to $1.25 billion to build cash reserves under its Digital Credit Capital Framework.