The Daily: US bitcoin ETFs hit record $1.4 billion daily inflows, Ethereum Foundation report $789 million in crypto holdings and more

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7 hours ago

It's Friday! In today's Daily, U.S. spot bitcoin ETFs hit record $1.4 billion in daily inflows, the Ethereum Foundation reports crypto holdings of $789 million, Binance Labs ventures into the DeSci sector and more.

Meanwhile, a Republican sweep of the House and Senate could see the crypto market cap triple by the end of 2026, according to Standard Chartered analyst Geoff Kendrick.

Plus, stablecoin and tokenized gold issuer Tether enters the oil market.

Let's get started.

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Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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