Crypto Pulse-Digital Asset Investment Products See $1.05 Billion Net Inflow for Third Consecutive Week

Preface:
Bitcoin and Ethereum have respectively decreased by 0.23% and 0.21% in the last 24 hours, with the ETH/BTC rate remaining at 0.05. The crypto market fear & greed index stands at 72, indicating greed.

Recent Spotlight

The best performer recently is ONDO. After a large whale bought ONDO for $5.7 million, it increased by 12.2%.
Ondo Finance is a decentralized institutional-grade financial protocol dedicated to providing institutional-grade financial products and services using blockchain technology, aiming to create an open, permissionless, decentralized investment bank. Ondo’s current core business involves bringing low-risk, interest-bearing, scalable fund products (such as US treasuries, money market funds, etc.) onto the blockchain to provide an alternative stablecoin option for on-chain investors. It allows holders, rather than issuers, to earn most of the underlying asset returns. Founded in March 2021 with a focus on the DeFi space, Ondo pivoted towards the RWA space in early 2023, unlocking the circulation of ONDO tokens on January 18, 2024.
The whale’s purchase caused ONDO’s price to rise to $1.04 within 24 hours, sparking community activity and leading to a price surge.

Check Out the Latest Prices, Charts, and Data of ONDOUSDT Perp and ONDO/USDT Spot!

The Word on the Street

Trump Announces Ensuring the Future of Cryptocurrency Happens in the United States, Trump concept tokens continue to rise, TRUMP, MAGA Hat both reach new highs.
On May 25th, Trump announced on the social media platform Truth Social, owned by the Trump Media and Technology Group (TMTG): “Our country must be in a leading position in this field, there is no second place.” In 2019, former U.S. President Trump tweeted that he “is not a fan of Bitcoin and other cryptocurrencies because they are not money, their value fluctuates greatly, and they have no real foundation.” Five years later, with the fundraising amount lagging behind Biden’s, Trump opened a cryptocurrency donation website on May 22nd, officially accepting cryptocurrency donations.

Spot Bitcoin ETF Flows

Last week, the digital asset market saw a net inflow of $1.05 billion, marking the third consecutive week of inflows. Among these inflows, the spot Bitcoin ETF saw an inflow of over 15,000 BTC, surpassing the monthly mining output of Bitcoin. Major participants such as BlackRock’s IBIT and Fidelity’s FBTC have gained significant profits. The U.S. Bitcoin ETF currently holds 855,702 BTC, close to 1 million BTC globally, indicating widespread optimism about the future price of Bitcoin. Regarding the topic of BTC resistance levels, prominent trader and analyst Rekt Capital focuses on the area above $71,000, emphasizing that $71,500 is a high resistance level within the macro re-accumulation range and a place where Bitcoin has not broken through.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop tracking

Farcaster has completed a $150 million Series A financing round, including investments from notable VCs such as A16Z, Coinbase, etc., reaching a valuation of $1 billion.

The project is a decentralized social network that supports multiple clients. Users will always be able to freely move their social identity between applications, and developers will always be able to freely build applications with new features on the network. Users interested in potentially qualifying for airdrops should create an account, and participate in subsequent activities on the platform using applications like Warpcast and Far Quest.