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Quick Take U.S. spot bitcoin ETFs recorded $381.4 million in net inflows on Monday, marking their largest daily inflow since Jan. 30. Bitcoin held steady while major U.S. stock indexes and the dollar declined on the day.
Quick Take Global crypto funds recorded minor net inflows of $6 million last week, with XRP investment products overcoming outflows from Bitcoin and Ethereum ETPs, according to asset manager CoinShares. Sentiment toward the asset class remains mixed but is showing “signs of recovery,” Head of Research James Butterfill said.
Quick Take DoubleZero co-founder Austin Federa explains how the public internet bottlenecks blockchain performance — and how his firm is seeking to address this by building a dedicated global fiber network.
Quick Take Metaplanet CEO Simon Gerovich said that, despite concerns over the company’s share price, its goal is to “create long-term corporate value,” not to achieve returns based on short-term stock price fluctuations. Gerovich said Metaplanet’s bitcoin treasury strategy is already demonstrating results, but the firm is “just getting started.”
Quick Take Galaxy Digital swapped over $100 million worth of ETH for SOL in the past two weeks, Lookonchain said. This coincides with ETH dominance dropping to its all-time low earlier today, to under 7%.
In Brief Pi Network has potential to reach $5, supported by significant investor withdrawals. Technical indicators show positive trends, urging cautious monitoring from investors. Anticipated exchange listings could further influence market dynamics for Pi Coin.
- 09:33Ethereum Market Share Surpasses 8% to Reach Highest Level Since April 6 Last Year, Now at 8.8%PANews May 9th news, according to CoinMarketCap data, Ethereum's market share has risen above 8% for the first time since April 6, 2024, currently at 8.8%, up 1.48% in 24 hours. Previously, it was reported that ETH surpassed $2400, with an intraday increase of over 20%.
- 09:31Data: Ethereum's Global Mainstream Asset Ranking Has Risen to 41st PlaceAccording to ChainCatcher, data from 8 Market shows that as Ethereum surpasses $2400, its market value is now reported at $295.3 billion, rising 24 places in the global mainstream asset rankings, currently ranking 41st.
- 09:31Data: Ethereum Mainnet Gas Surpasses 40 GweiChainCatcher reports that the Etherscan page shows Ethereum network gas fees have risen to 40.136 Gwei.