Market Overview – What Happened in the Last 24 Hours?

The global cryptocurrency market cap is $3.89 trillion, up 6.1% in the past day. Trading volume hit $258 billion, showing strong inflows as Bitcoin and Ethereum led market momentum.

Bitcoin News

🔸Ethereum ETFs outpace Bitcoin for six straight days
Spot Ether ETFs have surpassed Bitcoin ETFs in daily inflows for almost a week, with $540 million added to ETH products compared to $360 million for BTC. Analysts say investor appetite is shifting toward Ethereum following regulatory clarity and the success of staking-based yields.

🔸$9.6B Satoshi-era whale splits funds—$1.1B lands on exchanges
A long-dormant address holding 80,000 BTC moved its funds, with $1.1 billion sent to exchanges and the rest consolidated to wallets linked to Galaxy Digital. On-chain data suggests a mix of custodial transfers and potential OTC deals rather than a full-scale sell-off.

🔸35 public firms now hold over 1,000 BTC each
Corporate Bitcoin adoption is accelerating. Q3 saw a rise from 30 to 35 companies holding more than 1,000 BTC. New entrants include AI and fintech firms, while MicroStrategy and Marathon remain at the top. Analysts tie this growth to treasury diversification and inflation hedging.

Legal and Regulatory

🔸Stablecoin supply surges $4B as U.S. legislation advances
Stablecoin circulation has jumped to $170 billion, driven by renewed investor confidence following legislative progress in Congress. The GENIUS Act, aimed at regulating issuers, is expected to pass in the coming months, fueling market stability.

🔸Judge says Logan Paul cannot fully blame CryptoZoo founders
In the CryptoZoo fraud case, the court ruled Logan Paul shares responsibility as he promoted the project. The decision weakens his defense strategy and highlights accountability risks for influencers tied to crypto schemes.

🔸Senator Lummis: “U.S. is waking up to crypto”
Senator Cynthia Lummis praised the “historic week” of bipartisan support for crypto laws, emphasizing that recent bills could make the U.S. a leader in digital asset innovation.

🔸DOJ scrutinizes Dragonfly Capital in Tornado Cash probe
The Department of Justice is reportedly investigating Dragonfly Capital’s connections to transactions routed through Tornado Cash. Prosecutors aim to establish whether the VC firm indirectly facilitated money laundering via its investments.

🔸Ethereum core developer testifies in Roman Storm trial
A key Ethereum developer testified that Tornado Cash was technically decentralized but argued its creators had enough influence to modify or shut down parts of the protocol. This testimony is crucial for prosecutors seeking to prove Roman Storm’s liability.

Infrastructure and Stablecoins

🔸MEV arbitrage concentrated in five Ethereum actors
A new study revealed that over 80% of Ethereum MEV profits come from just five arbitrage entities, raising concerns over centralization risks and potential collusion in block-building strategies.

🔸Lightning Network stablecoin payments hit 5% of total volume
According to Voltage CEO Graham Krizek, stablecoin transactions now make up 5% of Lightning Network volume. The integration is helping Bitcoin’s Layer-2 scale beyond BTC transfers and attract cross-border payment use cases.

🔸Ripple eyes retail adoption with RLUSD stablecoin
Ripple’s RLUSD is set to target consumer and enterprise payments. While initial adoption will focus on business-to-business transfers, the company plans to roll out retail integrations through its existing remittance network.

🔸SharpLink and Bitmine coordinate $2B ETH acquisition, hire ex-BlackRock exec
SharpLink and Bitmine announced a joint plan to acquire $2 billion worth of Ethereum, hiring a former BlackRock portfolio manager to lead the strategy. The purchase signals growing institutional conviction in ETH’s long-term value.