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INJ token jumped over 5% to $13.60 following the creation of a Delaware trust by Canary Capital, hinting at early steps toward a potential staking-based ETF.
Hyperliquid (HYPE) has outpaced the broader crypto market with 12% gains, as influencers take massive BTC, ETH leveraged bets on the DEX.
Quick Take IREN announced its plans to raise $450 million via convertible senior notes, with a possibility to offer an additional $50 million. A part of the proceeds would be used to enter capped call transactions and prepaid forward transactions, the company said.
Quick Take Brian Quintenz , President Donald Trump’s nominee to chair the U.S. Commodity Futures Trading Commission, said if the agency is asked to regulate crypto more thoroughly, the regulator will need added resources. Lawmakers questioning Quintenz appeared to agree with the nominee.
- 04:12Data: Ethereum Spot ETF Saw Net Outflows of $240 Million Yesterday, the Third Highest on RecordAccording to ChainCatcher, citing SoSoValue data, the total net outflow from Ethereum spot ETFs yesterday (August 20, Eastern Time) was $240 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was the Grayscale Ethereum Mini Trust ETF (ETH), with a net inflow of $9.0017 million for the day. The historical total net inflow for ETH has now reached $1.312 billion. Next was the Fidelity ETF (FETH), with a single-day net inflow of $8.642 million. The historical total net inflow for FETH has reached $2.51 billion. The Ethereum spot ETF with the largest single-day net outflow yesterday was the BlackRock ETF (ETHA), with a net outflow of $258 million for the day. The historical total net inflow for ETHA has reached $11.814 billion. As of press time, the total net asset value of Ethereum spot ETFs stands at $26.857 billion, with the ETF net asset ratio (market value as a percentage of Ethereum’s total market cap) at 5.11%. The historical cumulative net inflow has reached $11.802 billion.
- 04:11A trader initiates a third long position on YZY token after losing $159,600 in the previous two attemptsAccording to a report by Jinse Finance, on-chain analytics platform Lookonchain (@lookonchain) has monitored that wallet address 0x68c0 has once again taken a 3x leveraged long position on the YZY token. In the past hour, this address has executed two long trades on YZY, both of which have been closed, resulting in a total loss of $159,600. This marks the third attempt by this address to go long on the YZY token.
- 03:52Polymarket launches YZY section, with only 2% of participants believing Kanye’s official Twitter was hackedAccording to ChainCatcher, Polymarket has launched a dedicated YZY section on its official page, featuring topics such as "Was Kanye's official Twitter account hacked?", "Will Hayden Davis go to jail this year?", and "Can YZY's FDV reach $10 billion before Friday?" As of press time, 13% of participating funds believe that "Hayden Davis will go to jail this year," while 2% believe that "Kanye's official Twitter account was hacked."