August 28: About Ethereum and Bitcoin ETFs
On August 28, spot Bitcoin ETFs saw a total net inflow of $179 million, marking four consecutive days of inflows. Spot Ethereum ETFs recorded a net inflow of $39.16 million, with six consecutive days of inflows.
$1,000,000,000 USDT Just Minted on Ethereum
Tether minted $1 billion USDT on Ethereum highlighting continued stablecoin growth and institutional adoption.
Crypto Execs Team up for $200M Bitcoin Infrastructure Acquisition SPAC
Ryan Gentry, former business lead at Lightning Labs, has filed for a $200M SPAC named Bitcoin Infrastructure Acquisition Corp, aiming to list on Nasdaq under “BIXIU.” The SPAC will target companies in digital assets, Web3, and financial infrastructure. Board members include the COO of DeFi Development Corp and the investment head of Kindly (formerly Nakamoto).
DeFi Dev Corp. Purchases $77M SOL Following Recent Equity Raise
DeFi Development Corp. (Nasdaq: DFDV) announced the purchase of 407,247 SOL worth approximately $77 million, bringing its total holdings to 1,831,011 SOL, valued at around $371 million. The acquisition was funded through a recent equity raise, with over $40 million in net proceeds remaining for future SOL purchases and treasury operations.
21Shares has filed an S-1 with the U.S. SEC for the launch of the 21Shares Sei ETF, which seeks to track the price of the SEI token and earn a portion of staking rewards where legally permissible.
CFTC Set to Issue FBOT Guidance Acting Chair Pham Says Move Will Revive Crypto Access for US Users
According to crypto reporter Eleanor Terrett, the U.S. CFTC is set to issue guidance clarifying registration rules for Foreign Boards of Trade (FBOT), aiming to provide a compliant pathway for non-U.S. platforms to serve American users. Acting Chair Caroline D. Pham said the move seeks to restore crypto activity that fled under Biden-era regulation and reaffirms a legal framework in place since the 1990s.
Chainlink and US Commerce Department Collaborate to Put GDP and Inflation Data on Chain
Chainlink partners with the U.S. Department of Commerce (DOC) to bring macroeconomic data from the Bureau of Economic Analysis (BEA) on-chain, including real GDP, PCE price index, and final sales to domestic private purchasers. Updated monthly or quarterly, the data will initially be available on ten blockchain ecosystems: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync.
Luxxfolio Targets $73M Raise to Strengthen Litecoin Treasury Holdings
Canada’s Litecoin treasury company Luxxfolio seeks to raise $73M to expand its LTC treasury strategy, currently holding 20,084 LTC in its treasury.
