Bitcoin ETFs have witnessed a significant surge in inflows last week, marking the largest since July. Notably, a BlackRock ETF attracted $1 billion in inflows within the same period. Additionally, Venmo users can now easily buy cryptocurrencies through Moonpay integration, expanding the accessibility of digital assets. Despite this positive momentum, the appeal by SEC regarding XRP has not directly addressed its security status, leaving uncertainties in the market. Meanwhile, Worldcoin has undergone a rebranding to ‘World’ with the introduction of a new orb symbol, focusing on a fresh brand identity.
In other news, EigenLayer X account faced a security breach, drawing concerns over user data and privacy. Simultaneously, the FBI made arrests in connection with a hacking incident involving an SEC X account, underlining the ongoing challenges of cybersecurity threats in the financial sector. Notably, SCB in Thailand has adopted stablecoins for facilitating faster and cost-effective transfers, showcasing the increasing adoption of blockchain technology in traditional financial services.
Moreover, DBS in Singapore has integrated ‘token services’ into its offerings, emphasizing the importance of digital assets and decentralized finance solutions. On a different note, the Trump family is set to receive a substantial portion of WLFL revenue, raising questions about the intersection of politics and media. Additionally, allegations have surfaced against the Scroll team, accusing them of controlling sybil addresses, potentially affecting the integrity and transparency of their platform.
Looking ahead, the STX Nakamoto upgrade is scheduled to take place next week, aiming to enhance the performance and scalability of the Stacks blockchain. These developments underscore the evolving landscape of cryptocurrencies and blockchain technology, shaping the future of decentralized finance and digital assets.
