BlackRock Moves Into ETH

BlackRock files staked Ethereum ETF

Good Morning,

Here's a quick preview of today’s content: Bank CEOs meet senators on crypto market structure, CFTC launches pilot allowing crypto to be used as collateral, Bitcoin coalition pushes back against MSCI proposal, Script to nuke AI features from Windows goes viral, Michael Saylor meets with Middle East wealth funds, and so much more

Happy Tuesday - Let’s dive in.

Market Snapshot

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  • Crypto markets steady as inflows return and XRP ETFs extend a record streak

    • Global ETPs log $716M in weekly inflows as sentiment improves

    • Spot XRP ETFs hit a 15-day inflow streak, nearing the $1B mark

    • ETH, ADA, and XRP lead gains while BTC inches higher on Fed cut expectations

    • Crypto funds post a second straight week of inflows after a $5.5B washout

    • BTC ETFs add $352M, extending their rebound

  • Total crypto market cap slips -0.7% to $3.16T amid muted Monday trading

Prediction Markets

  • Bettors on Polymarket are predicting First to 5k: Gold or ETH?

  • Track and trade live odds on any event, only on Polymarket

Headline Roundup
The major headlines driving crypto markets

  • Bank CEOs meet senators on crypto market structure (BBG)

  • BlackRock files staked Ethereum ETF (TB)

  • Strategy buys 10,624 BTC for $963M (TB)

  • Michael Saylor meets with Middle East wealth funds (BM)

  • Robinhood expands crypto offerings with staking and tokens (DC)

  • UAE hails BTC as ‘key pillar in future finance’ (BM)

  • Ripple's $500M share sale included guaranteed profits (TB)

  • Ethereum whales open $426M long bets (CT)

  • Vitalik Buterin pushes for trustless gas futures market (TB)

  • BlackRock’s Bitcoin investors came late to the crypto party (BBG)

  • Tokenized RWAs jump 229% in 2025 (CT)

  • Prediction markets emerge as ‘arbitrage arena’ for crypto traders (CT)

  • Binance suspends employee for using inside information (CT)

  • Bitcoin coalition pushes back against MSCI proposal (BM)

  • Zcash founder helps create anonymous phone service (DC)

  • ZKsync Lite to shut down in 2026 (CD)

  • Farcaster shifts focus to wallet service over social app (TB)

  • Kraken links Avelacom to speed up crypto trading (FM)

  • Circle and Bybit deepen USDC partnership (CT)

  • Canadian province wins $1M forfeiture tied to QuadrigaCX founder (CD)

  • Mantra CEO tells OM holders to withdraw from OKX (CT)

  • Cango announces Bitcoin production and mining update (CD)

  • KuCoin deepens AU market presence (CD)

Venture Capital

  • AI infrastructure CoreWeave plans to raise $2B through private convertible debt offering (CD)

  • Tether joins AMD Ventures other investors in a $80M funding round for Generative Bionics, an Italian tech firm (TB)

  • Crypto VC firm Paradigm invests $13.5M in a Series A funding round for stablecoin startup Crown (TB)

  • AllScale, a self-custody stablecoin neobank, raises $5M seed round led by YZI Labs with participation from Informed Ventures and Generative Ventures (FS)

  • Pye Finance raises $5M seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini (CD)

  • Staking-infrastructure fintech Arclaim raises $5M Series A equity round from undisclosed investors (FS)

  • Decentralized startup GeeFi raises over $1M through its GEE token presale from more than 2,100 individual investors (AI)

Access the complete VC deal flow on Fundable.

Launches

  • CFTC launches pilot allowing crypto to be used as collateral (BM)

  • Stable launches mainnet and native token (TB)

  • Philippines’ digital bank rolls out crypto services (CT)

  • Hyperliquid launches direct USDC transfers (TD)

  • Payments startup Oobit expands into US (TB)

  • MicroBT launches WhatsMiner in Abu Dhabi (BM)

  • Brevis rolls out ZK-proof processing marketplace (CT)

  • xMoney announces three new stablecoins (CD)

  • Hyperliquid Strategies rolls out $30M stock repurchase program (TB)

  • Moca Network launches MocaProof beta (CD)

  • SemiLiquid unveils programmable credit protocol (CD)

  • Sonami launches first Layer 2 token on Solana (CD)

Regulation

  • Argentina allows domestic banks to offer crypto services (TB)

  • Binance wins full ADGM approval for exchange (CD)

  • SEC ends Biden-era investigation into Ondo Finance (TB)

  • Tether awarded regulatory status in Abu Dhabi (CT)

  • OCC pushes back on banks fighting crypto's trust charters (CD)

  • UK’s anti-corruption strat targets crypto sanctions evasion (DC)

  • 40% of Canadian crypto users flagged for tax evasion risk (CD)

  • Sen. Moreno calls crypto bill talks 'frustrating' (TB)

  • FCA asks for crypto industry feedback on investment reforms (CT)

  • Judge asks for clarification on Do Kwon’s foreign charges (CT)

Cybersecurity

  • Script to nuke AI features from Windows goes viral (DC)

  • Yearn Finance details $9M yETH exploit (TB)

Extra Reads

Chart of the Day

Market cap of tokenized stocks surges to a new all-time high of $800M

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