Happy Friday! Binance Bytes Highlights 🧵:
1/ The #ETH to #BTC ratio has continued trending downward, now hovering around 0.05x. The persistent decline in ETH to BTC ratio is due to Bitcoin’s recent price surge, which is largely driven by the speculative sentiment surrounding the approval of the spot Bitcoin ETFs.
2/ Public #Bitcoin funds saw significant inflows, including a remarkable US$43M on Tuesday, making up 10% of year-to-date inflows. U.S. courts also upheld their previous ruling in the SEC vs. Grayscale case, potentially clearing the path for approval of a Grayscale Bitcoin ETF.
3/ dYdX Chain V1.0 officially released with open-sourced code. Celestia, a modular DA network, integrates into Arbitrum’s Orbit and Nitro software stack. Meanwhile, Blockaid, a Web3 security startup, raised US$33M in seed and Series A funding from Ribbit, Sequoia, and more.
4/ For industry updates, we saw IBTC, Blackrock’s #BitcoinETF, being delisted from the DTCC website on early Tuesday then reappeared on Wednesday.
1/ The #ETH to #BTC ratio has continued trending downward, now hovering around 0.05x. The persistent decline in ETH to BTC ratio is due to Bitcoin’s recent price surge, which is largely driven by the speculative sentiment surrounding the approval of the spot Bitcoin ETFs.
2/ Public #Bitcoin funds saw significant inflows, including a remarkable US$43M on Tuesday, making up 10% of year-to-date inflows. U.S. courts also upheld their previous ruling in the SEC vs. Grayscale case, potentially clearing the path for approval of a Grayscale Bitcoin ETF.
3/ dYdX Chain V1.0 officially released with open-sourced code. Celestia, a modular DA network, integrates into Arbitrum’s Orbit and Nitro software stack. Meanwhile, Blockaid, a Web3 security startup, raised US$33M in seed and Series A funding from Ribbit, Sequoia, and more.
4/ For industry updates, we saw IBTC, Blackrock’s #BitcoinETF, being delisted from the DTCC website on early Tuesday then reappeared on Wednesday.