Odaily’s midday crypto briefing listed 12 market and industry updates. Spot Bitcoin ETFs posted a combined net outflow of $120 million for the previous day, with ARKB leading the declines at $77.9815 million. Spot Ether ETFs moved the other way, recording a combined net inflow of $34.7535 million, led by BlackRock’s ETHB at $22.9376 million.
The roundup also covered project and product developments. Four.Meme said BNC4 completed its first daily buyback, with about $356,000 worth of 4Stock repurchased and burned. long.xyz’s co-founder said stock trading pairs will become crypto’s “ultimate Meta” and that the team plans to expand distribution beyond Crypto Twitter. Coinbase CEO Brian Armstrong said he wants tokenized equities brought to the US as soon as possible.
Other items in the digest included Robinhood Chain’s daily revenue falling below $1 million, the LAPTOP Foundation’s X account suspension, David Sacks calling for Anthropic’s IPO to be paused pending a whistleblower probe, Arc Chain’s Sept. 16 launch date, Citadel Securities’ call to move oversight of some prediction market contracts to the SEC, and an analysis saying weaker trading volume could erode the incentive to hold coin-equity narratives and eventually trigger selling.
Odaily’s midday briefing compiled 12 crypto market and industry updates.
ETF flow data
1. Spot Bitcoin ETFs saw a total net outflow of $120 million yesterday, with ARKB posting the largest net outflow at $77.9815 million.
2. Spot Ether ETFs recorded a total net inflow of $34.7535 million yesterday, with BlackRock’s ETHB posting the largest net inflow at $22.9376 million.
Project and product updates
3. Four.Meme said BNC4 completed its first daily buyback, with about $356,000 worth of 4Stock repurchased and burned.
4. A co-founder of long.xyz said stock trading pairs will become the crypto market’s “ultimate Meta” and that the team plans to expand distribution channels beyond Crypto Twitter.
5. Coinbase’s chief executive said he hopes to bring tokenized stocks to the United States as soon as possible.
6. Robinhood Chain’s momentum appears to be cooling, with daily revenue falling below $1 million and dropping sharply from its peak.
7. The LAPTOP Foundation’s X account was suspended, and Hunter Biden said he would not give up on the project.
8. David Sacks said Anthropic’s IPO should be paused until a whistleblower investigation is completed.
9. LaserCat said it will stick with the “bull is coming” view and keep pushing through.
10. Arc Chain is set to go live on Sept. 16, and Circle’s co-founder responded positively to a fomo launch teaser.
Regulation and market commentary
11. Citadel Securities called for some prediction market contracts to be placed under SEC oversight.
12. One analysis said declining trading volume would weaken the incentive to hold coin-equity narrative plays and could eventually trigger selling.
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