The cryptocurrency market is experiencing turbulence, with Bitcoin prices fluctuating around $108,000 after a brief dip, resulting in significant liquidations valued at $758 million. This volatility is mirrored by a remarkable deviation of Bitcoin from the global M2 money supply, marking its highest divergence in two years. Notably, over $1 billion has flooded into Ethereum ETFs within the first three days of their launch, emphasizing the continued interest in ETH. Hype is now driving Layer 1 blockchain activities, as buybacks account for 99% of transaction fees. Separately, various firms are making significant investments, with Pantera seeking to establish a $1.25 billion treasury in Solana assets and major banks lobbying to modify crypto regulations. Furthermore, a notable $740 million of Bitcoin is now held by UAE interests via Citadel Mining. Recent developments also include Jump and Galaxy's new treasury initiatives for Solana and a flurry of ETF filings by firms like Bitwise and CFTC, aiming to shape the landscape of digital assets and drive industry standards.

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