How is ETH lower despite a record stretch of ETF inflows? Si | zerohedge-1 on Binance Square

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How is ETH lower despite a record stretch of ETF inflows? Simple: record futs short

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Premarket movers Mag 7 are mostly higher alongside index futures (Tesla +0.3%, Meta +0.2%, Apple +0.2%, Amazon +0.2%, Nvidia +0.2%, Alphabet +0.2%, Microsoft -0.2%). Alcohol beverage stocks may move after Reuters reports that US Dietary Guidelines are expected to eliminate the long-standing recommendation that adults limit alcohol consumption to one or two drinks per day. Biomea Fusion (BMEA) falls 8% after the drug developer launched an offering of stock and warrants. Bitdeer Technologies (BTDR) drops 6% after the Bitcoin miner said it was offering $300 million in convertible senior notes due 2031 in a private placement. Circle Internet Group (CRCL) climbs 3% after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. Marvell Technology (MRVL) gains 2%, with analysts positive on the chipmaker following an event focused on AI, where Marvell raised its overall data center total addressable market to $94 billion by 2028, up from $75 billion. Nucor (NUE) rises 2% after the steelmaker forecast earnings per share for the second quarter, guidance that beat the average analyst estimate. (via BBG)

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*PBOC'S PAN CALLS FOR MORE ISSUANCE OF SDR better not to mention the total disaster that was China's CBDC attempt

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