Despite Bitcoin reaching new all-time highs, retail investor interest remains low, as noted by a crypto researcher. Demand for spot Bitcoin exchange-traded funds (ETFs) is, however, on the rise, with over $1 billion in daily inflows recorded on two consecutive days. André Dragosch from Bitwise highlighted the paradox of high Bitcoin prices with minimal retail engagement, evidenced by a lack of Google search interest. In another development, Pump.fun, a memecoin launch platform, successfully raised $500 million in an ICO, with a significant portion allocated to institutional and retail investors. The PUMP token sold out in just 12 minutes, showcasing the potential of online capital markets. This success may indicate a revival of capital formation strategies that had previously faced regulatory challenges. Additionally, BlockFi's bankruptcy administrator and the DOJ have settled a $35 million lawsuit regarding crypto asset transfers, with a judge approving the agreement, resolving a dispute that arose during BlockFi's bankruptcy proceedings. Read more AI-generated news on: https://app.chaingpt.org/news

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