Happy Wednesday! In today's newsletter, BlackRock's IBIT dominates as spot Bitcoin ETFs record their third-largest daily inflows, Bitwise CIO Matt Hougan says a Donald Trump election win would be more impactful for Ethereum than Bitcoin, liquid restaking protocol Swell switches to OP Stack for its Layer 2 and more.
Meanwhile, Kraken sheds "organizational layers" as board member Arjun Sethi steps up as co-CEO.
Let's get started.
BlackRock's IBIT led U.S. spot Bitcoin ETF inflows with $643 million added on Tuesday, contributing to a total of $870 million in daily net inflows — the largest since June and third-largest to date as bitcoin reapproached its record high of nearly $74,000.
Bitwise CIO Matt Hougan sees regulatory clarity as more crucial for Ethereum and altcoins than Bitcoin. A Donald Trump win could potentially spark a stronger rally for these assets.
Liquid restaking protocol Swell is transitioning its planned Layer 2 from Polygon CDK to Optimism's Superchain ecosystem, developing an optimistic rollup via the OP Stack.
Decentralized oracle network Chainlink unveiled a major platform upgrade at SmartCon 2024 on Wednesday, key to expanding its use to "thousands of blockchains."
A supposed test token from the Solana-based NFT marketplace Magic Eden called TestME has reached a market cap of $6.2 million, according to DEX Screener.
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