🗞️Daily Market Brief

⭐News Brief

- Yesterday, U.S. #BitcoinspotETFs had a net inflow of $7.48 million.
- U.S. #EthereumspotETFs had a net outflow of $51.94 million.
- #Grayscale Bitcoin Mini Trust ($BTC) saw a net inflow of $18 million on its first day of listing.
- #Telegram introduced the Telegram Browser and Mini App Store, plus many other innovations.
- The market capitalization of stablecoins has reached $164 billion, the highest level in nearly two years.
- Alex Svanevik, CEO of the onchain analytics platform #Nansen, launched a new #memecoin called $IQ. IQ grew to a $5 million market capitalization within a day of launch, an increase of 7,000% in the past 24 hours.

⭐️Investing & Financing

- Layer2 Financial completed a $10.7 million Series A funding round led by Galaxy Ventures.
- #BabyDoge acquired #crypto media outlet https://t.co/PzC0D7Xw2Z.
- #DePIN project #Daylight completed a $9 million Series A funding round led by #a16zCrypto.

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