After the US extended the temporary suspension of tariffs on China until 31/08, US stocks turned green, BTC rebounded to $106K, and altcoins showed positive changes.
ETF Spot session on 03/06 [CT
+ BTC +$378M with no funds sold off, marking the end of a 3-day consecutive decline in cash flow.
+ ETH +$109.43M, BlackRock and Fidelity respectively purchased +$77M and +$20.9M, marking an impressive 12-day consecutive increase in cash flow. Let's review some important news and institutional cash flow data together with Legend:
1- At ETHGlobal (30/5 – 1/6/2025), Vitalik Buterin announced a plan to increase Ethereum's Layer 1 scalability by 10 times.
2 - The Ethereum Foundation has laid off staff and restructured its R&D team to focus on improving scalability and user experience. Vitalik: L2 cross-chain must achieve censorship-resistant characteristics at L1 level, trustless and without intermediaries.
3 - SharpLink Gaming successfully raised $425 million in a private placement, led by Consensys Software and several cryptocurrency investment funds.
4 - Galaxy Digital announced a partnership and support for SharpLink and is in the process of withdrawing 89,000 ETH from exchanges in the past 12 hours, and then transferring 108,278 $ETH (283 million dollars) to the whale/institution wallet 0x0b26.
ETF Spot session on 03/06 [CT
+ BTC +$378M with no funds sold off, marking the end of a 3-day consecutive decline in cash flow.
+ ETH +$109.43M, BlackRock and Fidelity respectively purchased +$77M and +$20.9M, marking an impressive 12-day consecutive increase in cash flow. Let's review some important news and institutional cash flow data together with Legend:
1- At ETHGlobal (30/5 – 1/6/2025), Vitalik Buterin announced a plan to increase Ethereum's Layer 1 scalability by 10 times.
2 - The Ethereum Foundation has laid off staff and restructured its R&D team to focus on improving scalability and user experience. Vitalik: L2 cross-chain must achieve censorship-resistant characteristics at L1 level, trustless and without intermediaries.
3 - SharpLink Gaming successfully raised $425 million in a private placement, led by Consensys Software and several cryptocurrency investment funds.
4 - Galaxy Digital announced a partnership and support for SharpLink and is in the process of withdrawing 89,000 ETH from exchanges in the past 12 hours, and then transferring 108,278 $ETH (283 million dollars) to the whale/institution wallet 0x0b26.
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ETH
2,604.49
+1.39%