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July 24, 2024 Tóth Balázs
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Spot ETH ETF First Trading Day

On their first trading day, the nine U.S. spot Ethereum ETFs recorded a net inflow of $106.7 million, with a total trading volume exceeding $1 billion. Notably, the Grayscale Ethereum Trust (ETHE) experienced a net outflow of $484.1 million. Among the inflows, Blackrock’s ETHA led with $266.55 million, followed by Bitwise’s ETHW at $204 million, Fidelity’s FETH at $71.31 million, and the Grayscale Ethereum Mini Trust at $15.15 million.

Stablecoins Coming to the Bitcoin Blockchain

Lightning Labs has announced the release of Taproot Assets v0.4 on the mainnet, enabling the minting of digital assets such as stablecoins on Bitcoin. This version supports the Lightning Network, offering a cheaper and more secure settlement option for stablecoin users on the Bitcoin blockchain.

Tap-to-Earn Crypto Game Catizen Supports Cats

Pavel Durov, CEO of the popular messaging app Telegram, announced that the tap-to-earn crypto game Catizen, backed by Binance Labs, has generated $16 million in revenue from in-app purchases. With over 26 million players worldwide, Catizen has decided to donate 1% of its revenue to rescuing stray cats.

Ferrari Now Accepts Crypto for European Sales

Luxury sports car giant Ferrari has extended its cryptocurrency payment option to Europe following its success in the U.S. Ferrari’s European dealership network will start accepting crypto payments for their cars from the end of July. The company has partnered with BitPay to facilitate payments in Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC).

Russia to Use Cryptocurrency for International Trade

The Russian parliament has passed a bill allowing the use of cryptocurrency transactions for international payments to maintain trade flow. Russia needs to expedite the development of its crypto payments infrastructure, as businesses require solutions, especially in cases involving sanctions, to access international markets using methods other than traditional ones.
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