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💥 BlackRock’s IBIT dominated with a $675M #
Bitcoin
ETF inflow on May 2, reminding the market who’s boss, capturing all the action. Get the details here👇https://news.bitcoin.com/blackrock-dominates-etf-flows-again-as-bitcoin-and-ether-inflows-soar/
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🟠 Marinade's CCO, Hadley Stern, notes that "#Bitcoin, the granddaddy of blockchain protocols," is proof-of-work, a distinction relevant as stablecoin legislation is considered. Regulation is coming. What guidelines will the SEC bring to stablecoins? 👇
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Defense seeks dismissal in Samourai Wallet case after bombshell FinCEN disclosure—prosecutors allegedly hid evidence the wallet wasn’t illegal. DOJ’s new crypto policy could kill the case. 🚨💰 - FinCEN told prosecutors Samourai wasn’t a money transmitter *before* indictment. - DOJ memo now opposes such prosecutions. - Defense claims Brady violation, demands hearing.
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Last week, @Tether_to went full gold standard on-chain, with 7.7 tons of real gold backing XAUT. 🔸$770M in gold reserves verified 🔸246K+ troy ounces stored in Swiss vaults 🔸Tokenized, auditable, tradable gold Is XAUT the new gold standard or just a s
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🇺🇸 The streak lives on! Crypto ETFs just wrapped their 3rd straight week of inflows 💥 Bitcoin ETFs brought in a whopping $1.81B from April 28 to May 2 — despite a brief midweek dip. No surprise: @BlackRock’s IBIT led the charge with a jaw-dropping $2.48B all by itself 🤯 Friday, May 2, was the crown jewel, posting $674.91M in net inflows — the biggest single-day gain of the week. One small hiccup. One giant leap for crypto ETFs.
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Ethena’s USDe stablecoin is now live on Hyperliquid and HyperEVM, offering daily rewards and cross-chain DeFi integrations. 🚀💰 - Hypercore users earn daily USDe rewards for holding 100+ tokens. - USDe can be bridged to HyperEVM or traded on Hyperliquid’s orderbook. - Partners like Hyperunit enable borrowing against crypto assets using USDe.
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