#BTCETFS Farside Investors indicates that the U.S. Bitcoin s | PrincessJM9 on Binance Square

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#BTCETFS Farside Investors indicates that the U.S. Bitcoin spot ETF experienced a net inflow of $164.6 million yesterday. Of this amount, BlackRock's IBIT accounted for $131 million. $BTC 

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OnchainLens has reported that a significant transaction involving a whale occurred, where 15.15 million ENA tokens, valued at $4.48 million, were transferred from a centralized exchange. $BNB

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Bitcoin has crossed the 105,000 USDT benchmark and is now trading at 105,015.632813 USDT, with a narrowed narrowed 0.12% decrease in 24 hours.$BTC

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Cardano founder Charles Hoskinson has suggested using $100 million worth of ADA from the treasury to convert into Bitcoin and stablecoins, including USDM and USDA. This proposal aims to enhance the proportion of stablecoins within the Cardano ecosystem and its decentralized finance (DeFi) sector. Hoskinson assured that this move would not negatively impact the ADA market and countered concerns about liquidity. Currently, stablecoins on the Cardano blockchain account for only about 10% of the total value locked (TVL), which is significantly lower compared to Solana's stablecoin ecosystem. This proposal contrasts with the views of Cardano Foundation CEO Frederik Gregaard, who previously emphasized that TVL is not a critical metric for evaluating the ecosystem's success.$ADA $SOL

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#CardanoDebate on stablecoins, emphasizing that their primary purpose is to construct a 'monetary ecosystem' for the internet rather than facilitating global currency flow. Zhang highlighted that stablecoins represent the currency of the internet, with the main challenge being to prove they are 'clean money.' Platforms with distribution capabilities, such as Stripe, Revolut, and Airwallex, possess the necessary technology to integrate stablecoins into their products. These platforms can convert existing 'clean money' within the system into stablecoins and issue new financial products for monetization.

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Over the past month, while retail investors have been taking profits, these 'whale' wallets have been rapidly increasing their holdings. During this 30-day period, the group has net accumulated 1.49 million ETH, marking a 3.72% increase in their holdings. Presently, these wallets account for 26.98% of the total Ethereum supply. $ETH

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