📰 What you need to know this Wednesday, May 7
📤 Outflows of $85.64M to BTC ETFs were recorded.
The largest outflow was in Grayscale's GBTC ETF, amounting to $89.92M, while the ETH ETF had outflows of $17.87M.
🇯🇵 Metaplanet purchased another 555 Bitcoin for ¥7.6 billion, now they hold 5,555 BTC.
The CEO of Metaplanet talks about how they went from "almost 0 to over $1.4 billion" after adopting the Bitcoin treasury strategy.
⛓️ Ethereum developers activate the Pectra update with 11 changes that improve user experience, validator efficiency, and Layer 2 scalability.
🚀 Standard Chartered predicts that BNB could reach $2,775 by 2028, a potential gain of over 360%, citing its deflationary model and its utility linked to trading.
⚠️ In the last 24 hours, 103,304 traders were liquidated, with total liquidations reaching $247.05 million.
The largest individual liquidation order occurred on Binance - ETHUSDT worth $8.05M.