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VirtualBacon @VirtualBacon0x on x 206.7K followers
Created: 2025-07-12 12:00:02 UTC
☕️ GM! Here are the top events in #Crypto from the past XX hours
📊Market Updates
🔸BlackRock’s IBIT becomes fastest ETF to hit $80B AUM as bitcoin tops $118K with $1.18B in daily ETF inflows.
🔸ETH breaks $3K for the first time since Feb as BlackRock’s spot ETF logs a record $300M in daily inflows.
🔸SharpLink buys XXXXXX ETH from Ethereum Foundation for $25.7M raising its ETH treasury to XXXXXXX coins worth over $558M.
🔸The Smarter Web Company buys XXX BTC for $29.75M bringing its total to 1275 BTC as it aims to join the top XX public bitcoin treasuries.
🌟Highlights
🔸Grayscale urges SEC to lift pause on its multi-crypto ETF, citing investor harm and threatens legal action to force approval process forward.
🔸Tether will end USDT support on five blockchains by Sept X to focus on more active platforms with better scalability and developer engagement.
🔸Shanghai regulators discuss stablecoin policy options as pressure mounts to explore yuan-pegged coins despite China's crypto ban since 2021.
🔸Upexi to raise $200M to expand its Solana treasury to 1.65M SOL, doubling holdings to $273M amid DeFi tokenization plans.
🔸Coinbase hires Opyn's leadership to expand onchain derivatives via its Verified Pools product without acquiring Opyn’s existing protocols.
🔸BTC Digital sets up $X million ETH reserve as part of shift to onchain finance strategy with plans to scale amid rising ETH adoption.
XXXXXX engagements
Related Topics $257m $300m $3k $118b $118k tops $80b fund manager