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21Shares has integrated the industry-standard Chainlink Proof of Reserve on the Ethereum mainnet to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH).
The crypto market could witness another plunge in open interest any moment from now because as leveraged trading rises, so do the chances of liquidations.
The new U.S. spot Ethereum ETFs got off to a contrasting start last week, with over $1 billion of net inflows into eight of the funds overwhelmed by $1.5 billion in net outflows from Grayscale’s ETHE.Excluding ETHE, the Ethereum ETFs generated around 40% of the net inflows witnessed by the Bitcoin ETFs following their launch in January, excluding GBTC.
A prominent Hong Kong lawmaker has reacted to comments from US presidential candidate Donald Trump over the weekend, proposing a similar concept for the Asian city-state.
- 20:47Macquarie: The Dollar Is Unlikely to Fully Reverse Its Recent DeclineAccording to a report by Jinse Finance, Macquarie strategist Thierry Wizman stated that even if the Trump administration removes all tariffs, the dollar is unlikely to fully reverse its recent declines. He said, "After all, aside from capital flight, considering the decline in the integrity of some U.S. institutions and systems, it is also necessary to reduce reliance on the dollar. The dollar will no longer be an indispensable currency, but more of an alternative to a few comparable currencies like the euro."
- 20:46Data: Three Whale Addresses Spent $7.2 Million to Buy 5,362 ETH in the Last 2 HoursAccording to Lookonchain monitoring, in the past two hours, three whale addresses spent a total of $7.2 million to purchase 5,362 ETH. Address 0xDdb4 borrowed 3.44 million USDC from Aave and then used these 3.44 million USDC to purchase 1,856 ETH. Address 0xf84d borrowed 1.64 million USDC from Aave and then spent 2.34 million USDC to purchase 1,259 ETH. A newly created wallet (0x69D0) withdrew 2,250 ETH (worth $4.12 million) from a CEX.
- 20:46Analyst: U.S. Stock Market Has Yet to Reflect Damage from TariffsTrade Nation analyst David Morrison stated in a report that the recent rebound in the U.S. stock market still fails to reflect the "severe damage tariffs have already caused to global trade." The U.S. stock market has rebounded from the decline following the announcement of global tariffs by the U.S. in early April, buoyed by expectations of interest rate cuts and stronger-than-expected earnings reports from Meta and Microsoft. Traders are currently focused on the expectation that President Trump will "reach some sort of settlement on the tariff issue," while the Federal Reserve will "cut interest rates when signs of economic distress appear."