Highlights of the Day
• Tether strengthens its strategy in the US
Tether has appointed Bo Hines, former White House advisor on crypto policies, as its new strategic advisor in the US, aiming to shape its regulatory and market presence in the country. 
• Ethereum leads in fundraising
In the past week, Ethereum raised US$ 2,87 billion in investments, accounting for an impressive 77% of total inflows into the crypto market (US$ 3,75 billion). This brought its total fundraising for the year to US$ 11,09 billion, the highest among all digital assets. 
• Risk aversion sentiment dominates the market
Bitcoin, Ethereum, and XRP are under pressure, with contract derivatives indicating an increasing cautious sentiment. The surprising rise in the US Producer Price Index (PPI), above expectations, is cited as the main trigger. 
