Here's a breakdown of today's key crypto news:
Ethereum ETFs: These ETFs saw nearly $60 million in outflows, ending a recent inflow streak. The price drop in ETH from its all-time high is likely a contributing factor.
Gemini IPO: The crypto exchange has confidentially filed for an IPO on Nasdaq. It will be listed under the ticker 'GEMI' and is being led by major investment banks like Goldman Sachs and Morgan Stanley.
Binance Competition: Binance has launched a new trading competition for the MLK token. The event will run for two weeks, giving traders a chance to earn rewards.
Bitcoin Swift (BTC3) Presale: This project, which combines AI with crypto, is in the final three days of Stage 5 of its presale. The current stage offers a 96% APY.
Bitcoin Spot ETFs: Bitcoin ETFs experienced net outflows yesterday, with Grayscale's GBTC seeing the largest pull. However, Blackrock's IBIT ETF still saw significant inflows.
UAE Airlines Adoption: In a major move for real-world adoption, UAE airlines have begun accepting cryptocurrencies such as Bitcoin and Ethereum for flight bookings.