The cryptocurrency market witnessed significant movements as ETH ETF outflows reached $678 million in just three days, indicating a considerable shift in market sentiment. The decline in Bitcoin's value has been linked to a $400 billion drain from the reverse-repo market, exacerbating the financial strains on various digital assets. Meanwhile, the trading platform SUI has commenced operations on Robinhood, allowing users to engage with this emerging blockchain. Other developments include Sharplink adding 12,000 ETH to its reserves and Wyoming leading the way by launching a state-backed stablecoin. Additionally, significant figures like Bessent are betting on stablecoins to drive demand for debt instruments. Other notable mentions include Bullish's $1.15 billion IPO planned using stablecoins and new partnerships aimed at enhancing interoperability in digital finance, including SoFi integrating Bitcoin Lightning capabilities.

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