Global

As per a recent report from CryptoQuant, large investors, often referred to as "whales," are accumulating Bitcoin at a rate reminiscent of the period before the 2020 bull market. The data from the firm indicates daily inflows of $1 billion into Bitcoin and a notable uptick in holdings by these whales, similar to patterns observed in mid-2020.

Bitcoin exchange-traded funds (ETFs) have attracted $488 million in net inflows, pushing the price of BTC to $71,767, nearing its peak value and indicating renewed investor confidence.

The Cardano Foundation has teamed up with the province of Entre Ríos in Argentina, aiming to promote blockchain adoption in the region. This collaboration, sealed by a public signing between Governor Rogelio Frigerio and Cardano Foundation's LATAM Lead for Business Development Rafael Fraga, demonstrates Cardano's dedication to expanding blockchain communities and fostering innovation in Latin America.

In his latest essay titled "Group of Fools," Arthur Hayes, co-founder of BitMEX, provides a critical analysis of recent macroeconomic events and their potential impact on the cryptocurrency market. Known for his direct style, Hayes combines technical analysis, criticism of central banking practices, and insights into currency markets to make the case for a resurgence of bullish sentiment in Bitcoin and crypto.

ProShares, a prominent issuer of exchange-traded funds (ETFs), has submitted a proposal to the New York Stock Exchange (NYSE) to list and trade spot Ethereum (ETH) ETF shares. This initiative underscores ProShares' dedication to broadening its range of digital asset products, offering investors a regulated and secure avenue to access Ethereum exposure.

Arthur Hayes, the co-founder of BitMEX, sold 1.55 million PENDLE tokens valued at $9.41 million, leading to concerns among PENDLE token holders about a potential price drop.