Recent crypto news is buzzing! đ„ Here are the top stories:
- *Bitcoin's Big Move*: Bitcoin slid amid Galaxy Digital's massive sell-off from a $9.6 billion wallet. This move has sparked concerns about potential deeper trouble for the crypto market
- *Ethereum's Institutional Boom*: Institutional demand for Ethereum is heating up, with US spot ETH ETFs absorbing $534 million in net inflows - their third-best day on record. This surge could push ETH to $4,000, according to Michael Novogratz, CEO of Galaxy Digital.
- *Regulatory Shifts*: The UK government proposed a sweeping ransomware payment ban, while the US Senate Banking Committee is circulating a draft bill to establish a regulatory framework for digital assets.
- *Major Payouts*: FTX creditors will receive another $1.9 billion payout on September 30, approved by the bankruptcy court.
- *New Listings and Partnerships*: MoonPay introduced Solana staking with an 8.49% yield, and Christieâs launched its first major US crypto real estate division