Self Chain CEO dismissed for alleged involvement in $50 million cryptocurrency over-the-counter trading fraud

Trump Media recently raised more than $2 billion from around 50 institutional investors to create a BTC treasury.

According to The Block, the cumulative trading volume of the US spot Bitcoin ETF has exceeded $1 trillion since its launch in January 2024, in less than 18 months. BlackRock's IBIT fund leads similar products with a market share of 79%, and currently the daily trading volume of Bitcoin spot ETFs remains between $2.3 billion and $4.4 billion. In contrast, the US spot Ethereum ETF has accumulated a trading volume of $83.4 billion since its launch in July 2024. The asset management scale of spot Bitcoin ETF has exceeded 120 billion US dollars, and the management scale of IBIT single fund has reached 70 billion US dollars, becoming the fastest ETF product in history to reach this scale.

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Foresight News reported that according to Etherscan monitoring, there has been a surge in activity on the Ethereum chain, with gas fees rising to 32.216 Gwei.

Bloomberg ETF analyst Eric Balchunas stated in a post that IBIT (BlackRock's Bitcoin spot ETF) has jumped to fourth place on the list of fund inflows so far this year, and in just one and a half years since its establishment, three-year fund inflows have also ranked fifth. Michael Saylor subsequently stated that based on this trend, IBIT is expected to become the champion of capital inflows. Balchunas added that although VOO is currently performing strongly, IBIT is still expected to challenge for the top spot.