Saturday Top Crypto News
In one short thread…
Yesterday, the Bitcoin spot ETFs saw a total net outflow of $47.82 million, with BlackRock's IBIT being the only fund experiencing a net outflow.
Ethereum spot ETFs recorded a net inflow of $25.22 million, marking 15 consecutive days of net inflows.
Polymarket recorded $1.103 billion in May trading volume, up for the fourth consecutive month but well below last December’s $2.577 billion peak.
Active traders fell to 277.7K, down for four months, with 145.7k new users. Open interest crashed from a $512 million peak during last year's election to roughly $100 million now.
A new blockchain project named "Stable" is set to launch, backed by crypto exchange Bitfinex and USDT0, with Tether CEO Paolo Ardoino as an advisor.
The chain will use USDT for gas fees and is reportedly targeting financial institutions rather than retail users.
The team remains anonymous, described only as “protocol engineers, fintech operators, and crypto founders.”
Pumpfun is reportedly considering distributing protocol revenue to future PUMP token holders as part of its planned $1 billion token offering.
The total supply is expected to be capped at 1 trillion tokens, with the current private sale priced at $0.004 per token…
A public sale is expected within two weeks, along with an airdrop. Approximately 25% of the supply will be allocated to the public sale and 10% to the airdrop.
According to Bloomberg, S&P Dow Jones Indices made no changes to the S&P 500 constituents in its quarterly rebalancing announced on Friday, a company spokesperson said.
Robinhood Markets Inc. had previously been reported as a leading candidate for inclusion but was ultimately not added.
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Crypto majors trade at the following levels
BTC 104,900 (up 1.9% in 24 hours)
ETH 2,490 (up 1.4%)
XRP 2.18 (up 2.3%)
SOL 150.80 (up 2.3%)
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