🗞️Daily Market Brief

⭐News Brief
- Yesterday, the U.S. #BitcoinSpotETF saw a net outflow of $168.4 million, marking two consecutive trading days of net outflows. 
- The U.S. #EthereumSpotETF had a net inflow of $49 million yesterday. 
- #Bitcoin's dominance in the #crypto market rose to 60% during the market downturn, increasing by 9 percentage points since last Friday. 
- Today, the Fear & Greed Index dropped to 17, shifting from fear to extreme fear.
- Bitcoin Cost-Basis: ETFs/Custody Wallets: $65K; Binance Traders: $55K; Mining Companies: $45K - Below this level in past downturns (May 2022, March 2020, November 2018) confirmed a bear market; Old Whales: $22K

⭐️Investing & Financing
- The #Solana ecosystem RWA (Real-World Asset) tokenization project, #Elmnts, has completed a $2 million Pre-Seed funding round. The round was led by Graph Ventures, Foundation Capital, and B+J Studios, with participation from Asymmetric, Anagram, and Solana co-founders Raj Gokal and Anatoly Yakovenko.
- #Blockchain gaming infrastructure provider Cartridge has completed a $7.5 million Series A funding round. The round was led by Bitkraft Ventures, with participation from Fabric, Dune, StarkWare, Primitive, and Ergodic.

⭐️Regulatory Updates
- Lawyers from the U.S. SEC (Securities and Exchange Commission) have opposed Coinbase's subpoena request, which seeks to search for "essentially all crypto-related documents." The SEC argues that the request is overly broad.

#DailyCryptoNews #CryptoNews #CryptoMarket #ETHETF