Crypto drifts lower, gold hits another ATH, Ethena to launch new chain
US spot BTC ETFs post largest inflow in 6 weeks. Long term holders bought 167k BTC in 1 month. Current cycle looking ‘more and more like 2017’. BTC cycle indicator shows ‘6-12 months’ of bear. Trump’s reserve to push BTC to $500k: StanChart. StanChart cuts ETH target by 60% on Base fees. S&P 500 now outperformed ETH since 2018. SOL pulls anti-woke advert after criticism. Coinbase advert praised. Whale short makes $9m, linked to scammer. TRX will soon be available on SOL: Sun. SEC likely to ease crypto custody rules. XRP files for ‘Ripple Custody’ trademark. Brazil may allow 50% of salaries to be paid in BTC. Ethena to launch chain with Securitize. Rumours USDe will launch on Hyperliquid. DEX volumes ATH vs CEX volumes. CRO to add $70bn ‘burned’ tokens to supply. Metaplanet buys $12.5m BTC. Canary files for SUI ETF. Bitfarms completes $175m Stronghold M&A. New remote access Trojan targets wallets. Industry is cooked trying to stop exploits: ZachXBT.
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