Global #Market Reactions

The cryptocurrency world was rocked by a startling revelation from a former FTX employee, who disclosed that the now-bankrupt FTX exchange holds a substantial 8% stake in the total supply of Solana (SOL). This revelation, made public via X (formerly Twitter), has raised significant concerns about potential market instability and price volatility.

In a notable turnaround, daily fund flows into United States-listed spot Ethereum exchange-traded funds (ETFs) have shifted to a net positive for the first time since their launch. This shift marks a significant departure from recent trends that saw substantial outflows totaling $547 million over the past four days.