Spot Ethereum ETFs Begin Trading Today | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Bitget to launch the Launchpool project Upland (SPARKLET) tomorrow, and to launch OGCommunity (OGC) for pre-market trading.
• Bitget Wallet achieves robust growth in the Japanese market in the first half of the year, emerging as the second-leading Web3 wallet after MetaMask.
• Binance to list btcusdT and ETHUSDT options with an expiry date of November 8.
• Gate.io exits the Japanese market and suspends new user registrations.

2. Cryptocurrency Trends:

• Spot Ethereum ETFs begin trading today. Coinbase provides custody services for eight U.S. spot Ethereum ETFs.
• BlackRock's spot Bitcoin ETF saw a net inflow of $526.7 million yesterday, marking the largest daily net inflow since March 13.
• A CNBC analyst says Bitcoin may become a strategic reserve asset under the Trump administration.
• Wintermute predicts that spot Ethereum ETFs are expected to attract up to $4 billion in inflows over the next year, with the price of ETH set to rise by 24%.
• Grass launches the beta version of its Desktop Node, offering users a 2x points multiplier for running the node.
• BlockFi completes the sale of its FTX claims and is preparing for final creditor distribution.
• Alchemy Pay integrates Volt's real-time payment channels to facilitate EUR payments.

3. Financing Trends:

• Bitlayer Labs raises $11 million in Series A funding led by Franklin Templeton and others.
• SingularityNET to invest $53 million in a modular supercomputer.
• Binance Labs invests in PLUTO Studio, the publishing platform behind Catizen.AI.
• Igloo, the parent company of Pudgy Penguins, raises over $11 million in funding led by Founders Fund.

4. Regulatory Trends:

• The U.S. House of Representatives passes a bill on the use of crypto in illicit financing, but it may be rejected by the Senate.
• India's Finance Minister upholds the controversial crypto tax rules during the budget announcement.