Summary
BTC consolidates around $70k, ETFs see inflow while GBTC outflow is tiny. BTC set to have record 7th-straight green month. AI coins like FET soar amid merger rumor. KuCoin charged by DoJ for money laundering, sees $800m outflows. CFTC names ETH & LTC commodities in charges. HK to allow ‘in-kind’ style ETFs, HSBC launches tokenized gold fund. Fidelity files for ETH ETF. Short sellers bet $11bn on crypto rally not lasting. Customer USDC balances to be stored on Base.
Key Points
1. BTC consolidates around $70k, funding still low. ETFs see $418m inflow as GBTC outflow tiny. BTC set to have record 7th-straight green month.
2. AI coins soar, FET hits ATH amid merger rumor. FET, OCEAN, AGIX token proposed at $7.5bn FDV. DoJ charges KuCoin over money laundering. KuCoin sees $800m outflows after charges. CFTC names ETH & LTC commodities in charges.
3. HK set to allow ‘in-kind’ style ETFs. HSBC launches tokenized gold fund. Fidelity files S1 form for ETH ETF. Short sellers bet $11bn crypto rally won’t last. More customer USDC balances to be stored on Base.