Spot Ether ETFs printed the second-largest daily inflows on record at $729 million on Wednesday, following the record $1.02 billion that poured into ETH funds on Monday. US spot Ether exchange-traded funds (ETFs) printed the second-largest daily inflows on record as the cryptocurrency approached all-time high prices. Ether (ETH) funds saw $729 million of inflows on Wednesday as ETH surged past $4,700 for the first time since November 2021, according to data from SoSoValue. It was the second-largest daily inflow into spot Ether ETFs, following the record $1.02 billion poured into ETH funds on Monday. Read more
Bitcoin briefly flipped Google parent Alphabet’s $2.4 trillion market capitalization to become the fifth-largest global asset, driving a wave of optimism among investors. Bitcoin climbed to an all-time high above $124,000 on Thursday, stoking fresh optimism that the next leg of price discovery could push the cryptocurrency’s market value toward Apple’s $3.4 trillion. Bitcoin (BTC) hit an all-time high of $124,457, leading the world’s first cryptocurrency to briefly surpass Google’s $2.45 trillion market capitalization, becoming the fifth-largest global asset. “Bitcoin all-time high and it’s only Wednesday,” said Gemini co-founder Tyler Winklevoss in an X post, triggering a wave of optimistic responses, including from popular investor Kyle Chassé, who predicted that this would be the “best week for Bitcoin.” Read more
Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry. Khurram Dara, a former policy counsel at cryptocurrency exchange Coinbase, is considering a run for New York State Attorney General in 2026, aiming to replace Letitia James. In comments to Cointelegraph, Dara said he had not yet decided whether to run for the state’s law enforcement office, but hinted that digital assets could play a role in his campaign if he chooses to do so. With more than a year until the election, the Columbia Law School graduate has already posted to social media in support of Tornado Cash co-founder Roman Storm, found guilty in New York’s federal court in August, and gone after figures like Massachusetts Senator Elizabeth Warren, who has often connected crypto with illegal activities. Read more