BTC Spot ETFs Experience Six Days of Net Inflows | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Bitget appoints Gracy Chen as Chief Executive Officer (CEO), effective from May 2024.
• Bitget appoints Anton Toroptsev, former head of CIS marketing operations at Binance, as CIS marketing head.
• OKX to delist the SKEB, MOVEZ, PIT, EM, LET, and MRST spot trading pairs on May 27.
• OKX HK to delist stablecoin and crypto trading pairs and introduce HKD pairs soon.
• Binance launches a new Learn Earn promotion with CKB and PORTAL rewards.

2. Cryptocurrency Trends:

• Standard Chartered expects the U.S. SEC to approve an Ethereum spot ETF this week, reiterating a year-end target price of $8000.
• Gala Games is suspected to have been hacked, with an additional 5 billion GALA tokens issued, valued at over $200 million. Gala Games co-founder: The hackers have been identified and we are cooperating with the FBI and other authorities.
• io.net: The Rewards Eligibility checker is now live on the IOG Foundation website.
• Yuga Labs co-founder: Will no longer touch Cryptopunks, which will become fully decentralized.
• Bitcoin spot ETFs experience a total net inflow of $241 million yesterday, maintaining six days of net inflows.
• Aethir to distribute airdrops to Mad Lads holders.
• Fidelity files an Ethereum spot ETF S-1.
• Farcaster adds support for Arbitrum trading and launches a $500,000 "Frame It." developer program.

3. Financing Trends:

• Blockless, a DePIN network, raises $8 million in pre-seed and seed round funding.
• SolarX, an eco-friendly crypto mining project, raises $3 million in a funding round through Tenset Launchpad.
• Binance Labs announces an undisclosed investment in Aevo, a decentralized derivatives trading platform.
• Farcaster, a decentralized social protocol, raises $150 million in a funding round led by Paradigm.

4. Regulatory Trends:

• The U.S. SEC requests NASDAQ and CBOE to adjust their Ethereum spot ETF filings.