Crypto World
Three Major Japanese Financial Institutions Tap Canton to Bring Government Bonds On-Chain
Mizuho, Nomura, and Japan’s central clearing house are launching a blockchain-based proof-of-concept for collateral management of Japanese government bonds.
Three of Japan’s most prominent financial institutions — Mizuho Financial Group, Nomura Holdings, and Japan Securities Clearing Corporation (JSCC) — have announced a joint proof-of-concept with Canton’s parent company, Digital Asset, to test digital collateral management for Japanese Government Bonds (JGBs) on the Canton Network.
According to a press release shared with The Defiant, the proof-of-concept is part of a broader initiative supported by the Financial Services Agency’s (FSA) Payment Innovation Project. The move aims to verify the efficacy of blockchain for transferring JGB rights within the country’s existing legal framework, specifically the Act on Book-Entry Transfer of Corporate Bonds and Shares.
The project’s main goal is to enable 24/7 real-time collateral transactions, a meaningful upgrade from current infrastructure constrained by business hours and manual reconciliation. By integrating legacy systems with Canton’s blockchain rails, the consortium hopes to dramatically cut the administrative overhead associated with posting and substituting collateral.
The project will also test cross-border scenarios, examining how JGBs can move between clearing houses, institutional investors, clients, and agents across both domestic and international markets, per the release.
JGBs are among the widely accepted forms of eligible collateral globally, according to the release, making their on-chain availability strategically significant.
Canton Network positions itself as a public Layer 1 blockchain with customizable privacy features designed for TradFi institutions. The “public” claim has drawn heat from prominent voices across the crypto industry.
Canton’s TradFi Moves
Canton has been on an institutional partnership tear heading into 2026. Fintech Transcend recently connected to the network, enabling clients to move collateral and cash in real time across counterparties using a mix of traditional and tokenized assets.
Before that, JPMorgan announced it would issue its deposit token natively on Canton, with rollout planned in phases throughout 2026, following DTCC’s selection of Canton to tokenize a subset of the U.S. Treasury securities it holds, citing the platform’s privacy features.
Meanwhile, fellow Japanese TradFi giant Mitsui & Co. has also been expanding its on-chain footprint, with its crypto arm announced last week that it would bring its tokenized metals asset ZipangCoin to Optimism’s L2 OP Mainnet — the first deployment of the token on a public blockchain.
U.S. Treasury debt currently makes up the largest portion of distributed tokenized real-world assets (RWAs) — assets that are transferable on-chain — with over $13.7 billion, over half of which is on Ethereum, per data from RWAxyz.
In contrast, all of the $334.35 billion in tokenized repurchase agreements (repos) on Canton is considered represented value, as it only uses blockchain, in this case Canton, for record keeping.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
RavenDAO’s RAVE token lost over 98% of its value over the weekend, and the hourly chart now warns of another massive drop in the coming days.
Key takeaways:
RAVE chart hints at 50%-plus drop next
On the hourly chart, RAVE continues to trade inside a descending channel, with lower highs and lower lows forming between two downward-sloping trend lines.
As of Monday, the spot price was retreating after testing the channel’s upper boundary, a sign that sellers remain active on rallies. If that rejection holds, RAVE could slide toward the channel’s lower trend line in the near term.
A Fibonacci extension drawn from the latest bounce at the lower boundary to the recent pullback from the upper boundary points to the 1.618 extension as the next bearish objective.
That level comes in near $0.30, implying a further 55%–58% decline from current prices in April or by May.
Notably, the same setup correctly anticipated Sunday’s drop toward $0.49, reinforcing the channel’s relevance.
Meanwhile, the 20-hour exponential moving average at $0.96 and the 1.0 Fib line at $0.94 continue to cap upside attempts. Unless the bulls reclaim these levels decisively, the broader bias remains tilted to the downside.
Market manipulation claims add to RAVE risks
RAVE’s technical weakness is unfolding alongside mounting allegations of market manipulation, with market watchers comparing it to the LUNA and WAVES pump-and-dumps from 2022.
Onchain investigator ZachXBT described the token’s explosive rally and subsequent collapse as a “blatant” pump-and-dump, allegedly orchestrated across major exchanges including Binance, Bitget and Gate.io.
He flagged roughly 23 million RAVE tokens (worth around $23 million) moving from a team-linked multisig wallet to Bitget deposit addresses shortly before a 40% flash crash, and has since maintained a $25,000 bounty for whistleblowers.
RaveDAO has denied any involvement.
Related: FOMO, lax rules are fueling the crypto crime supercycle
Still, ZachXBT has doubled down on his claims, arguing that over 90% of the token’s supply may be controlled by insiders, raising concerns about liquidity concentration and price control.
A few days ago, RaveDAO revealed plans to sell portions of unlocked tokens to fund operations, marketing and hiring.
The team said it is considering price- or performance-based lock mechanisms to better align incentives, adding that “building a movement requires resources.”
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Crypto World
A $293 Million Hack Wiped $8 Billion From Aave Crypto TVL: Is the DeFi Protocol in Crisis?
Aave crypto is bleeding. The DeFi lending giant has shed nearly 21% over seven days, with AAVE trading around $90–$91 after a weekend that exposed just how quickly contagion spreads through interconnected DeFi protocols.
Volume spiked 50.20% to $539.45M in 24 hours, but that’s panic volume, not accumulation. Whether this selloff represents a buying opportunity or the start of a deeper unwind depends entirely on what happens next with protocol confidence.
The incident that triggered the collapse began Saturday when hackers drained 116,500 rsETH tokens worth approximately $293 million from Kelp DAO’s LayerZero-powered bridge.
The stolen funds were posted as collateral on Aave v3 to borrow wrapped Ether, leaving roughly $195 million in bad debt on the protocol.
Crypto analytics platform Lookonchain flagged the largest withdrawals: MEXC pulled $431 million, Abraxas Capital followed at $392 million.
Aave’s total value locked collapsed from $26.4 billion to $17.94 billion, stripping it of the top DeFi protocol ranking it held going into the weekend. Curve Finance, Ethena, and BitGo’s Wrapped Bitcoin all paused LayerZero bridge usage as a precaution.
The broader macro environment for crypto was already fragile. Now AAVE faces a protocol-specific credibility crisis layered on top of market-wide pressure — a combination that rarely resolves quickly.
Discover: The best pre-launch token sales
Can AAVE Crypto Price Recover to $120 This Week?
The honest answer: not easily. AAVE sits near $91 on major exchanges, down roughly 6% on Kraken in 24 hours and over 20% on the week, a significant deviation from the broader market’s comparatively mild -0.50% seven-day performance.
The all-time high of $661.69 feels like a different asset entirely from this distance (54% drawdown at current levels).
Volume surging alongside price decline is a classic distribution signal. It suggests sellers are finding liquidity into any bounce rather than buyers absorbing the dip with conviction.
The $90–$92 zone is acting as immediate support; a clean break below $89, which AAVE crypto briefly touched during the initial panic, opens the door toward the $78–$80 range where structural demand last materialized.
More realistically though, it usually takes time to rebuild trust after something like this, so price likely sits between $88 and $100 while the market processes the damage and watches how users react, which keeps any recovery slow and capped.
The real risk is if capital keeps leaving, because if TVL drops under $15B and withdrawals continue, that pressure shows up directly in price, and once $85 breaks, the structure weakens fast and opens the door toward $70.
Discover: The best crypto to diversify your portfolio with
Maxi Doge Eyes Early-Mover Upside as AAVE Absorbs Protocol Shock
Watching an established DeFi blue chip shed $8 billion in TVL over a weekend raises a reasonable question: when protocol risk can wipe out gains this fast, where does smart money rotate for asymmetric upside? The answer, increasingly, is early-stage presales, where market cap is microscopic, and the exploit risk of a $26B lending protocol simply doesn’t apply.
Maxi Doge ($MAXI) is one of the more unconventional entries in the current presale cycle — a meme token built on Ethereum that leans hard into the 1000x leverage trading mentality through what it calls “Lever King Culture.”
The project has raised $4,745,091.23 at a current presale price of $0.0002814, with dynamic staking APY available to participants.
Features include holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury allocated to liquidity and partnerships.
The gym-bro branding is deliberate, viral meme marketing has driven outsized returns in this cycle before (Dogecoin, Shiba Inu, and their descendants all started somewhere).
Risk is real: meme tokens are high-volatility, high-failure-rate instruments. DYOR is not optional here. For those with risk appetite suited to early-stage exposure, research Maxi Doge before the presale window closes.
The post A $293 Million Hack Wiped $8 Billion From Aave Crypto TVL: Is the DeFi Protocol in Crisis? appeared first on Cryptonews.
Onchain investigator ZachXBT publicly challenged MemeCore on Monday to justify the valuation and supply distribution of its M token, asking the project to explain its market cap and why “insiders hold >90% of supply.”
“Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold >90% of supply,” wrote ZachXBT in a Monday X response to Memecore, a project advertising itself as the layer–1 blockchain for the “Meme 2.0 economy.”
The comments add fresh scrutiny to MemeCore after a sharp rally, though live valuation metrics differed across major trackers. CoinMarketCap ranked the token No. 21 at about $4.33 billion on Monday, while CoinGecko ranked it No. 20 at about $5.97 billion.
The second-largest holder, wallet “0x8b8,” held 50 million M tokens currently worth $178 million, representing 21.77% of the supply, according to blockchain data visualization platform Bubblemaps, which listed the Binance Deposit address as the largest holder with 41.3% of the supply.
However, the token holdings don’t necessarily point to coordinated activity, according to Bubblemaps blockchain data analyst 0xToolman, who told Cointelegraph that the “pattern looks like team holdings,” which may not be in circulation yet.
Cointelegraph has contacted MemeCore for comment on the matter and details surrounding the token’s distribution.
ZachXBT has not posted definitive blockchain data proving that 90% of the supply is held by insiders, but pledged to investigate the token after the recent meltdown of the Rave DAO (RAVE) token sent shockwaves across the industry.
Related: Suspected insider wallets rack up $1.2M betting on ZachXBT’s Axiom exposé
RAVE token’s 90% meltdown sparks insider concerns
On Saturday, ZachXBT accused RaveDAO of orchestrating a pump-and-dump scheme, citing concentrated token holdings and suspicious exchange flows, after the RAVE token soared from $0.25 to nearly $28 within days before crashing over 80%.
RaveDAO has denied any role in the token’s surge and collapse, Cointelegraph reported on Sunday. Both Binance and Bitget confirmed they are reviewing the situation.
The RAVE token fell 92% during the past week and was trading above $0.69 at 12:46 p.m. UTC on Monday, CoinMarketCap data shows.
ZachXBT claimed that RAVE was just one of several tokens spotting “manipulation” signs on major exchanges.
“Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER,” he wrote in a Saturday X post, pledging to investigate these price movements to identify the responsible parties.
Magazine: Meet the onchain crypto detectives fighting crime better than the cops
Crypto World
LayerZero Post Mortem Shows Lazarus Group Stole $290M From KelpDAO via RPC Node Compromise
North Korea’s Lazarus Group exploited a single-verifier LayerZero setup to drain $290M in rsETH on April 18 by compromising RPC infrastructure and poisoning the bridge’s data feeds.
On April 18, 2026, North Korea’s Lazarus Group (TraderTraitor unit) executed a $290M theft from KelpDAO’s rsETH bridge by compromising two LayerZero RPC nodes that feed data to the protocol’s verifier. The attacker hacked the nodes, deployed malware to feed false transaction data exclusively to LayerZero’s verifier while maintaining honest responses to monitoring systems, then DDoS’d legitimate RPC endpoints to force the verifier to rely on the poisoned nodes. Once the verifier signed off on a fabricated transaction, the bridge released $290M in unbacked rsETH before the malware self-destructed and deleted all traces.
LayerZero Labs confirmed KelpDAO used a 1-of-1 DVN (Decentralized Verifier Network) setup—a single point of failure the protocol had repeatedly warned against—limiting contagion to KelpDAO’s bridge with no reported impact on other assets. Security researchers noted the attack vector raises unanswered questions about how the attacker obtained the RPC node list and achieved root-level access to production infrastructure, suggesting either a prior unreported LayerZero compromise, a breached deployment pipeline, or insider access rather than a Kelp-side misconfiguration.
Sources: LayerZero
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
Crypto World
DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment
AAVE, ZRO, LDO, and ENA tokens plunged 10–22% as market repriced risk across DeFi protocols exposed to a bad debt event, with LayerZero priced as equally culpable as the originating lender.
DeFi tokens suffered steep declines over a recent window as contagion from a bad debt event spread across multiple protocols. AAVE declined 22%, LayerZero’s ZRO fell 22%, Lido’s LDO dropped 19%, Ethena’s ENA slid 13%, and Compound’s COMP lost 10%, according to Santiment. ETH remained flat over the same period, highlighting the sector-specific pressure on DeFi assets.
LayerZero, which operated the bridge connecting the affected protocols, was repriced by markets as equally culpable to Aave, which held the bad debt. Notably, Ethena—which held zero exposure to the underlying rsETH collateral—still experienced a 13% decline, suggesting contagion fears extended to protocols with no direct exposure. Compound, with only minor rsETH exposure, fell 10%, indicating cascading risk reassessment across the broader DeFi ecosystem.
Sources: Santiment
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
TLDR:
- Nike stock has fallen 76% from its 2021 all-time high of $179.10, now trading between $42 and $46 per share.
- China sales are projected to drop 20% as local brands like Li-Ning capture the mid-to-high-tier footwear market.
- Converse recorded a 35% revenue plunge, reflecting Nike’s broader loss of relevance in lifestyle and streetwear segments.
- Tim Cook and Director Bob Swan purchased a combined $3.5M in Nike shares, signaling boardroom confidence at decade lows.
Nike stock has fallen to its lowest level in over a decade, trading between $42 and $46 following an April 2026 earnings shock.
The decline represents a 76% drop from its 2021 all-time high of $179.10, erasing 12 years of gains for long-term shareholders.
Meanwhile, board members are purchasing shares at these levels, creating a split between public sentiment and insider conviction.
Overseas Pressure and Brand Challenges Drive Nike’s Decline
Nike faces a projected 20% sales drop in China, one of its highest-margin markets. The shift stems from Guochao, a cultural movement among Chinese millennials and Gen Z embracing domestic brands and national identity.
Local competitor Li-Ning sold over 26 million pairs of professional running shoes last year, moving firmly into the mid-to-high-tier segment.
As Li-Ning and similar brands gain ground, Nike’s premium positioning in China is becoming harder to defend. Analyst Ali Charts observed on X, noting that Nike is “currently weathering its most significant structural challenge since 2014,” with the stock retreating to a decade-low and erasing 12 years of gains for long-term holders.
The pressure is not limited to performance footwear. Converse, Nike’s lifestyle subsidiary, recorded a 35% revenue plunge, pointing to a broader loss of cultural relevance in the casual and streetwear segments.
This decline serves as a clear signal that the market is moving away from the classic aesthetics Nike has long relied on.
In response, CEO Elliott Hill has moved to rebuild wholesale partnerships with retailers like Foot Locker and Dick’s Sporting Goods.
This shift reverses the Direct-to-Consumer strategy that previously supported Nike’s higher profit margins. While it helps clear inventory, it marks a structural retreat for the brand.
Board Members Buy Shares as Stock Hits Oversold Territory
On the technical side, Nike’s monthly RSI has reached its most oversold reading since the company went public. Historically, Nike’s corrections have ranged from 24% to 73%. The current 76.5% drawdown from its all-time high is the steepest in company history.
Ali Charts further noted that the stock appears to be in the “Anger Phase” of the market cycle. This is the period when negative news feels heaviest, often just as a price floor begins forming. The zone between $35 and $42 is being watched as a potential long-term support area.
Against this backdrop, two Nike board members made notable open-market purchases. Tim Cook, Apple’s CEO and a Nike director, bought approximately $3 million in Nike shares. Director Bob Swan added $500,000 to his position at similar price levels.
Insider purchases of this size, made during a period of broad pessimism, tend to attract attention from value-oriented investors. They suggest that those closest to the company view current challenges as correctable rather than permanent.
LayerZero has attributed the Kelp DAO exploit to North Korea’s Lazarus Group, identifying a single-point-of-failure in the protocol’s verifier setup as the technical root cause that made the attack possible.
The breach drained an estimated $292 million from Kelp DAO’s rsETH pool on April 18, marking the largest DeFi hack of 2026 to date – and sent total value locked across the DeFi sector down 7% in 24 hours to $85 billion, according to DefiLlama.
The attribution lands not as a closed finding but as a probabilistic claim: LayerZero says Lazarus is the likely perpetrator, not a confirmed one. What that distinction means for the protocol, its users, and the cross-chain security model is the question this story answers.
- Attribution source: LayerZero conducted the post-incident investigation and named North Korea’s Lazarus Group – specifically the TraderTraitor subgroup – as the likely perpetrator.
- Technical root cause: Kelp DAO operated a 1-of-1 DVN (single decentralized verifier node) setup, ignoring LayerZero’s repeated recommendations for multi-verifier redundancy.
- Exploit amount: Approximately $292 million drained from Kelp DAO’s rsETH pool; no LayerZero protocol code or private keys were compromised.
- Market impact: DeFi TVL fell 7% in 24 hours to $86 billion following the incident.
- Response: LayerZero decommissioned affected RPC nodes and restored full DVN operations; law enforcement collaboration is ongoing for fund tracing.
- Watch: Whether Kelp DAO announces a compensation mechanism and whether additional cross-chain protocols operating single-DVN configurations move to remediate before the next attack.
Discover: The best pre-launch token sales
LayerZero’s Kelp DAO Lazarus Findings: What a Single-Point Failure Actually Means in Cross-Chain Architecture
The exploit’s mechanism was multi-step and precise. Attackers poisoned the RPC infrastructure feeding LayerZero’s decentralized verifier network, then launched a DDoS attack designed to force failover to compromised backup nodes.
With the verifier network redirected, the system validated fictitious cross-chain transactions, and $292 million in rsETH exited Kelp DAO’s pool before the fraud was detected.
The critical enabler: Kelp DAO ran a 1-of-1 DVN configuration, meaning a single verifier node stood between the protocol and catastrophic failure. LayerZero had flagged this architecture as inadequate – multiple times, according to the investigation – and recommended a multi-DVN setup consistent with industry best practices for redundancy. Kelp DAO did not act on those recommendations.
A multi-DVN setup would have required attackers to compromise several independent verification nodes simultaneously, a substantially harder technical lift. The 1-of-1 setup collapsed that barrier entirely. As Ripple CTO David Schwartz put it on X: “The attack was way more sophisticated than I expected and aimed at LayerZero infrastructure taking advantage of KelpDAO laziness.”
LayerZero’s response was surgical: the team decommissioned all affected RPC nodes post-incident and fully restored DVN operations without broader contagion to other protocols using the same infrastructure. No LayerZero protocol code was compromised. No private keys were exposed. The failure was architectural, not foundational – a distinction that matters enormously for the protocol’s credibility but does nothing to recover the $292 million.
Why North Korea Attribution Changes the Threat Model for All of DeFi
LayerZero’s Lazarus Kelp DAO attribution, framed as likely, not confirmed, is consistent with an established and accelerating pattern.
The TraderTraitor subgroup, a known Lazarus operational unit, was preliminarily identified in the forensic analysis. LayerZero is actively collaborating with global law enforcement on fund tracing, suggesting the attribution carries enough evidentiary weight to involve state-level investigative resources.
Lazarus has been tied to some of the largest crypto thefts on record, including the $625 million Ronin Network hack in 2022 and a string of DeFi protocol exploits that have collectively funneled billions into DPRK’s weapons programs, according to U.S. Treasury and UN assessments.
North Korea’s crypto operations extend well beyond direct exploits – the regime has also embedded operatives inside Web3 companies under fabricated identities, a parallel track that widens the attack surface beyond infrastructure alone.
Cross-chain protocols are structurally attractive targets for this class of actor. They sit at high-value junctions between multiple chains, often carrying pooled liquidity that dwarfs any single application’s balance, and their security depends on verifier networks that can become single points of failure when misconfigured. RPC poisoning as a tactic against verifier networks represents a novel escalation – one that security researchers say is now documented and replicable.
Discover: The best crypto to diversify your portfolio with
The post LayerZero Says Lazarus Group Likely Behind Kelp DAO Exploit appeared first on Cryptonews.
Tangem Pay lets users spend USDC directly from their self-custodial Tangem wallets, settling all transactions on Polygon.
Switzerland-headquartered hardware wallet company Tangem today announced the global rollout of its retail payments product, Tangem Pay, per a press release shared exclusively with The Defiant.
The new feature lets Tangem wallet users spend stablecoin USDC anywhere where Visa is accepted, using virtual Visa cards that can be added to Apple Pay and Google Pay.
The wallet manufacturer also announced today that it is partnering with Polygon for the new product, with the blockchain providing on-chain settlement for all transactions.
As of today, Tangem Pay is available to users in the U.S. (excluding some states), Latin America, and select countries in the Asia-Pacific region. The global rollout follows an early-access phase for waitlisted users that began in November, the press release notes.
Tangem is a self-custodial hardware wallet founded in 2017. Unlike crypto hardware wallet giants Trezor and Ledger, Tangem only offers NFC-powered devices for crypto storage, which come in two forms: a card that’s about the size and shape of a bank card, as well as a wearable ring.
How It Works
To pay with Tangem Pay, users need to convert funds they want to spend into USDC first, before transacting, the firm clarifed to The Defiant. “Over time, we will expand supported assets and settlement options,” Tangem Pay CEO Marcos Nunes told The Defiant.
Currently, the wallet only lets users create virtual Visa cards that they can add to payment services like Apple Pay. But the firm plans to launch physical cards as well.
“A large part of the world still relies on physical cards, and we want to support that fully,” said Nunes. Tangem Pay’s CEO told The Defiant that the physical Visa card launch is expected this year.
Why Polygon?
Tangem said that the firm selected Polygon for its transaction speed, predictable fees, and ability to handle the high transaction volumes required for global payments. “Payments are a scale game, not a theory exercise,” Nunes told The Defiant, continuing, “You need near-zero fees, fast finality, and reliability under load. Polygon delivers that today in a way that supports real daily spending.”
Nunes also added, “We are not dogmatic about chains. This is an infrastructure decision. If something better emerges, we will adapt.”
Per the press release, Polygon will cover gas fees for users, at least for the initial rollout period. There are no fees from Tangem’s side, Nunes clarified to The Defiant. “It should feel like using money in a regular account.”
Aishwary Gupta, head of global business development at Polygon Labs, said in a statement: “With Polygon as the settlement layer, Tangem Pay makes self-custody practical for real-world spending, combining the transparency of blockchain with the speed and reliability users expect.”
Polygon is an Ethereum sidechain with $1.27 billion in total value locked in DeFi across 775 protocols, per DefiLlama. That makes it the 11th-largest chain in DeFi by TVL, while it’s currently the 4th-largest chain by 24-hour active addresses.
In January, Polygon Labs announced its acquisition of two U.S. regulated crypto companies, Coinme and Sequence, adopting their licenses and enabling Polygon’s operations as a regulated payments platform across 48 U.S. states.
Spot Bitcoin ETFs logged nearly $1 billion in weekly net inflows last week, their strongest seven-day stretch since mid-January, per CoinGlass flow data.
BlackRock’s IBIT alone absorbed $612 million of that total, confirming institutional concentration in the dominant fund. The core question now: does this flow momentum translate into durable price support, or does tactical resistance cap the rally again?
Year-to-date Bitcoin product inflows have turned positive for the first time since January, a threshold Bloomberg ETF analyst Eric Balchunas flagged as signaling “extraordinary institutional acceptance” of Bitcoin as an asset class.
Total net assets across all U.S. spot Bitcoin ETFs surpassed $101 billion by Friday’s close, with daily trading volumes approaching $4.8 billion.
- Weekly inflows: Nearly $1 billion – highest since mid-January
- IBIT dominance: BlackRock captured $612 million of total flows
- Total net assets: Surpassed $101 billion by end of week
- YTD flows: Turned positive for first time since January per Bloomberg’s Balchunas
- Global share: U.S. institutions captured 96.4% of $1.1 billion in global crypto product inflows
- ETH ETFs: $275 million net inflows; XRP ETFs added $11.75 million; Solana lost $5.6 million
Discover: The best crypto to diversify your portfolio with
What $1 Billion in Weekly Bitcoin ETFs Inflows Actually Signals
The weekly flow breakdown reveals a Friday-heavy pattern: $663.9 million hit on Friday alone, roughly two-thirds of the total, with Tuesday contributing $411.5 million and Wednesday adding $186 million. Thursday brought just $26 million, and Monday registered a $291 million outflow. That volatility in daily flows suggests opportunistic accumulation rather than a steady institutional drip.
IBIT’s $612 million weekly haul pushed its market cap to $159.22 billion, placing it among the world’s largest ETFs by assets. Fidelity’s FBTC also contributed meaningfully to inflows, while Grayscale’s GBTC continued to bleed – a split that reflects sustained conviction in lower-fee products and residual exit pressure from legacy holders.
U.S. institutions captured 96.4% of global crypto product inflows last week, absorbing $1.06 billion of a $1.1 billion global total. That concentration matters: it signals that Bitcoin demand is increasingly centralized in regulated U.S. vehicles, making ETF flow data the most reliable leading indicator for near-term BTC price direction.
If weekly inflows sustain above $750 million, BTC’s support floor around current levels strengthens materially. If flows revert toward the $200–$300 million range seen during January’s plateau, the bid thins out fast.
Ethereum spot ETFs pulled in $275 million net last week, XRP ETFs added $11.75 million, and Solana shed $5.6 million; this was selective altcoin rotation, not a broad risk-on flush.
Discover: The best pre-launch token sales
The post Spot Bitcoin ETFs Near $1 Billion in Weekly Inflows, Best Stretch Since Mid-January appeared first on Cryptonews.
BitMine Immersion Technologies (BMNR), the largest Ethereum-focused digital asset treasury firm, sped up its crypto purchase pace as chairman Tom Lee sees growing signs of the crypto “mini-winter” ending.
The firm reported Monday it acquired 101,627 ether (ETH) last week, its largest weekly haul since December 15. The purchase, worth roughly over $230 million at current ETH prices, lifted BitMine’s total holdings to 4.97 million ETH.
The move comes as most digital asset treasuries — except Michael Saylor’s bitcoin-focused Strategy (MSTR) — have slowed or halted buying in recent months. BitMine remains among the last large-scale buyers of ether-focused treasuries, continuing to provide a steady source of demand for ETH.
BitMine’s total crypto and cash holdings stand at $12.9 billion. In addition to its ETH treasury, the firm holds 199 bitcoin, $1.12 billion in cash and equity stakes including investments in Beast Industries and Eightco Holdings.
Chairman Thomas Lee said the firm sees signs that the recent downturn is nearing an end, pointing to ETH’s rebound and broader market dynamics.
“Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter,’” Lee said.
He added that ether has risen sharply from its early February lows and has outperformed equities since the start of the Iran conflict, supported by demand tied to tokenization and AI-related use cases.
BitMine has also continued expanding its staking operations. The firm has staked more than 3.3 million ETH, or about two-third of its holdings, generating roughly $221 million in annualized revenue.
RAVE Token Faces Another 50% Crash Amid Price Manipulation Claims
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