Ethereum ETF inflows jump $729m, surpass Bitcoin ETFs

U.S.-listed exchange-traded funds tracking Ethereum have logged another day of strong inflows as institutional demand shows no signs of cooling. Ethereum ETFs recorded $729 million in inflows in their latest trading session on August 13, according to SoSoValue data.  BlackRock’s…...
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Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details

TL;DR The entire cryptocurrency market turned red in the past hour or so, and Ripple’s cross-border payments token was not spared. XRP plunged to a weekly low, leaving over $60 million worth of short and mostly long positions wrecked. XRPUSD. Source: TradingView A lot can change in the digital...
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Ether-Led Rally Pushed Crypto Market Cap to $3.7T in July: JPMorgan

The crypto market staged a sharp rebound in July, with total market capitalization climbing 14% from the previous month to $3.7 trillion, Wall Street bank JPMorgan (JPM) said in a research report Thursday. Average market cap rose 12% in the same period, driven by broad-based gains across tokens, decentralized...
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USD.AI Raises $13M to Expand GPU-Backed Stablecoin Lending

Stablecoin protocol USD.AI, which provides credit to artificial intelligence (AI) companies, has raised $13 million in Series A funding led by Framework Ventures. USD.AI, developed by Permian Labs, issues loans to emerging AI firms using graphics processing unit (GPU) hardware as collateral, cutting approval times by more than 90%...
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Billionaire Winklevoss Twins-Backed Gemini Launches Self-Custodial Smart Wallet

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has launched the Gemini Wallet, a new self-custodial smart wallet that aims to streamline user access to Web3 protocols, decentralized finance (DeFi) platforms, and onchain applications, the company said in a blog post Thursday. Available at onchain.gemini.com, the Gemini...
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Crypto Prices Quickly Slide After Troubling U.S. PPI Report

Inflation concerns were re-ignited during U.S. morning hours Thursday, sending risk assets — crypto among them — sharply lower. The July Producer Price Index (PPI) rose 0.9%, blowing past estimates for 0.2% and 0.0% in June. On a year-over-year basis, PPI was higher by 3.3% versus forecasts for 2.5%...
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