);)
Ripple has acquired Standard Custody, a New York-based digital asset custodian, and has begun preparations to issue a stable coin linked to the US dollar. Ripple announced in an official statement on the 11th that it has completed the acquisition of Standard Custody and has appointed Standard Custody CEO Jack McDonald as Ripple's stablecoin general manager.
2. US BTC spot ETF, net outflow in 19 days
The Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States recorded a net outflow of $65 million on the 11th (local time). This is the first net outflow in 19 days after a surge in box office success. According to data released by financial data platform Farside Investor, the main reason for the net outflow of Bitcoin spot ETFs in the United States is the renewed strong selling of Grayscale GBTC. On the 11th, GBTC recorded a total net outflow of $40 million.
3. Glassnode “US hedge funds bet BTC to fall”
Glassnode, an on-chain analysis platform, predicted a possible decline in Bitcoin based on large-scale 'short' betting investments in the US Bitcoin futures market. Glassnode reported in its report published on the 11th that while the open interest in the Bitcoin futures market on the Chicago Board of Trade (CME) has stabilized at $8 billion, hedge funds have taken short betting positions worth $6.3 billion.
4. Chicago Board Options Exchange executive: “Approval of Solana spot ETF is unrealistic.”
Rob Marrocco, head of listing operations at the Chicago Board Options Exchange, expressed pessimism about the approval of the Solana spot ETF. As CryptoSlate reported on the 12th, Marocco recently appeared on a podcast hosted by a U.S. ETF specialist and said, “The possibility of launching a Solana spot ETF is unrealistic, and for such a product to be launched, a futures ETF must come out first or regulatory clarity must be achieved.” “We have to secure it,” he said.
Reporter Seungwon Kwon ksw@
