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Aave (AAVE) plummets 10.1% and Bitcoin Cash (BCH) drops 8.7%, leading index lower.
[Bitcoin, Ethereum ETFs: Attract Over $600 Million in Inflows] Bitcoin and Ethereum-related ETFs have recently attracted over $600 million in inflows, indicating a recovery in market sentiment. Data shows that these funds mainly flowed into spot and futures ETFs, reflecting increased investor confidence in crypto assets. Analysts believe this could signal the potential start of a new bull market, but attention should still be paid to the macroeconomic environment and regulatory developments. (Decrypt)
[U.S. Eases Missile Restrictions for Ukraine, Enhances Cross-Border Strike Capability] The Trump administration has lifted restrictions, allowing Ukraine to use long-range missiles provided by Western allies to enhance its ability to strike Russian targets. On Tuesday, the Ukrainian military used British 'Storm Shadow' missiles to attack an explosives and rocket fuel factory in Bryansk, Russia, claiming to have successfully breached Russian air defenses. The 'Storm Shadow' missile has a range of approximately 290 kilometers, shorter than the 1,600-kilometer range of the U.S. 'Tomahawk' missile. U.S. officials anticipate Ukraine will carry out more cross-border attacks. Following the announcement, international oil and gold prices rose.
[Ethereum Foundation Transfers $600 Million to Treasury] The Ethereum Foundation recently transferred approximately $600 million from its reserves to its treasury, possibly to optimize fund management or address market fluctuations. Previously, the foundation has made multiple adjustments to fund allocations to support ecosystem development. As of now, the community remains uncertain about the specific purpose of this large transfer, with some expressing concerns that it may be related to market strategies. (Decrypt)
[Whale Wallet Closes Position with $5.7 Million Profit and Opens $32.5 Million Short Position] Whale wallet address '0xc2a3' closed its Bitcoin long position, earning a profit of $5.7 million, and subsequently opened a $32.5 million short position with 18x leverage. (Cointelegraph)
[UK Reform Party Leader Vows to Block CBDC Issuance and Support Cryptocurrency Development] UK Reform Party leader Nigel Farage stated that he will do everything in his power to prevent the issuance of a central bank digital currency (CBDC) in the UK, calling it a 'complete nightmare' and vowing that he would 'rather go to jail than accept it.' He pledged that if elected, he would establish a 'Bitcoin Digital Reserve,' lower crypto tax rates, and prohibit banks from closing accounts due to crypto transactions, aiming to make London a global cryptocurrency hub.