#Latestcryptonews
Here are the latest significant developments in the cryptocurrency space (as of late ### 1.
**Bitcoin ETF Flows & Market Impact**
- **Spot Bitcoin ETFs** saw net inflows for 5 consecutive days, with BlackRock's IBIT leading. Total assets under management (AUM) for U.S. spot Bitcoin ETFs surpassed **$55 billion**.
- **Bitcoin price** hovered around **$61,000–$63,000**, with volatility linked to macroeconomic factors (e.g., U.S. inflation data).
- **Mt. Gox Repayments**: Creditors began receiving Bitcoin and Bitcoin Cash repayments (after 10+ years), sparking fears of potential market sell pressure.
### 2. **Ethereum Developments**
- **Pectra Upgrade**: Ethereum’s next major upgrade (Q1 2025) is gaining attention, focusing on wallet usability (EIP-3074) and EVM improvements.
- **Spot Ethereum ETF Updates**: Final SEC approvals for U.S. issuers (e.g., BlackRock, Fidelity) are expected by early July. Trading could begin mid-to-late July.
### 3. **Stablecoin Expansion**
- **PayPal’s PYUSD** expanded to Solana.
- **Ripple (XRP)** announced plans to launch a USD-backed stablecoin later in 2024, aiming to bridge TradFi and DeFi.
### 4. **DeFi & Layer-2 Trends**
- **Ethereum Layer-2s** (Arbitrum, Optimism, Base) saw record activity, driven by meme coins and airdrop farming.
- **DeFi Exploits**: Several protocols (including UwU Lend) suffered hacks totaling over $50 million in June, highlighting security risks.
### 5. **Meme Coin Frenzy**
- **PolitiFi Tokens** (e.g., TRUMP, BODEN) surged amid U.S. election buzz, though extreme volatility led to significant liquidations.
- **New Meme Coins** on Base and Solana (e.g., BRETT, DADDY) outperformed major altcoins temporarily.
### 6. **Institutional Moves**
- **Fidelity** launched a fee-free spot Ethereum ETF for Canadian investors.
- **MicroStrategy** purchased an additional **11,931 BTC** ($800M), raising its total holdings to **226,331 BTC** (~$14B).
Let me know if you'd like deeper analysis on any topic!
