1. How much money flowed into Bitcoin ETFs last week?
According to SoSoValue, spot Bitcoin ETFs recorded net inflows of $33.79 million last week. Grayscale Bitcoin Mini Trust led inflows with $85.78 million, while BlackRock’s IBIT posted the largest weekly outflow.
2. What does Bitcoin’s MVRV Z-Score of 0.42 indicate?
According to CryptoQuant analyst Axel Adler Jr., an MVRV Z-Score of 0.42 suggests Bitcoin is trading in an undervalued range compared with its historical average. However, the metric has not yet reached levels typically associated with full market capitulation.
3. What happened to WEMIX?
WEMIX confirmed that an attacker gained control of owner privileges tied to its stablecoin contract, enabling unauthorized token creation. The company has identified suspected wallets and is working with exchanges and stablecoin issuers to freeze the affected assets.
4. Why is the CLARITY Act important for the crypto industry?
The CLARITY Act proposes new regulatory powers over digital assets, including sanctions on foreign jurisdictions and allowing exchanges to freeze suspicious transactions for up to 180 days. The legislation still requires sufficient Senate support before becoming law.
5. Why did Stripe’s stablecoin partnerships lead leave the company?
Connor Fitzgerald announced his departure after helping build Stripe’s stablecoin card program across more than 100 markets. During his tenure, he worked on sponsor bank partnerships and helped establish the operational infrastructure supporting Stripe’s stablecoin business.