Trump: Crypto Market Stronger Than Stock Market in Latest Crash
US President Trump said in an interview that the crypto market performed much better than the stock market during the latest market crash. Trump noted that crypto assets are now widely accepted and resistant to market downturns and emphasized that the US must maintain its leadership in digital asset innovation. He also announced that he would order the initiation of procedures to impose tariffs of up to 100% on all films produced abroad and imported into the US.
Canary Capital’s Litecoin ETF
According to Cointelegraph and Bloomberg analyst James Seyffart, the SEC is expected to announce its initial final decision today on Canary Capital’s Litecoin spot ETF application. Although the application has not been subject to any review extensions, analysts anticipate that the SEC may delay the process rather than make a direct decision.
South Korean Presidential Candidate Kim Moon-soo
Kim Moon-soo, a candidate from South Korea’s ruling party, has announced that if elected, he will allow the National Pension Service (NPS) and the Korea Investment Corporation (KIC) to invest in digital assets such as Bitcoin. The NPS, as the world’s third-largest pension fund, holds significant potential.
June End Data from Deribit
According to CoinDesk, the number of active contracts for Bitcoin call options with a strike price of $300,000 and expiring on June 26 on the Deribit platform exceeded 5,000, reaching an open position value of $484 million. This option became the second most popular position among June-dated products.
Pump.Fun’s Annual Fee Revenue Surpassed Ethereum
According to TokenTerminal data, the Solana-based meme coin issuance platform Pump.Fun generated $294 million in protocol fees this year, surpassing Ethereum’s $249 million revenue for the same period. The platform’s weekly fee revenue has exceeded Ethereum’s for nine consecutive weeks.
BlackRock BUIDL Fund
BlackRock’s tokenized U.S. Treasury fund, BUIDL, reached a size of $2.7 billion, accounting for 92% of the total assets distributed on the Ethereum network. This development highlights BlackRock’s rapidly growing influence in digital asset management.
Bitcoin Spot ETFs
According to SoSoValue data, a total of $1.81 billion in net inflows were recorded into Bitcoin spot ETFs during the week of April 28–May 2. This marks the third consecutive week of positive inflows. The largest net inflow of the week came from BlackRock’s IBIT ETF, which saw 2.48 billion dollars in net inflows. IBIT’s total net inflows thus reached 43.68 billion dollars. In second place was Grayscale’s Bitcoin Mini Trust ETF (BTC), which recorded 41.92 million dollars in weekly net inflows, bringing its total net inflows to 1.31 billion dollars.
Ethereum Spot ETFs
Ethereum spot ETFs saw a total net inflow of $106 million during the same period. BlackRock’s ETHA ETF took the lead with a weekly net inflow of $87.57 million, bringing its total net inflow to $4.2 billion. Fidelity’s FETH ETF came in second with a net inflow of $37.79 million, bringing its total net inflow to $1.46 billion. These figures highlight the steady increase in institutional investor interest in the Ethereum space.
by Darkex Research – 1 min read
