📈 Crypto Daily QuickTake: Bitcoin ETFs are absorbing $BTC faster than miners can produce

‗ BTC.D: 64.78%, Fear & Greed Index: 52

‗ U.S. spot #Bitcoin ETFs acquired 18,644 $BTC last week, while only 3,150 $BTC were mined during the same period: @HODL15Capital

‗ BTC.D once reached 64.98%, the highest level since 2021.

‗ @Strategy added another 1,895 $BTC, bringing its total holdings to 555,450 $BTC.

‗ @Solana developers fixed a bug that allowed unlimited minting of certain tokens, sparking a governance debate.

‗ The Maldives signed an $8.8B deal to develop a blockchain and digital assets financial hub, aiming to double its GDP amid economic risks.

‗ Kyrgyzstan plans to launch the USDKG, a gold-backed stablecoin pegged to the U.S. dollar, backed by $500 million in gold reserves.

‗ @Tether_to unveiled Tether AI, an open-source AI platform that will enable direct $USDT and Bitcoin payments.

‗ @vaneck_us filed to launch the first U.S. ETF tracking $BNB, potentially offering staking rewards to investors.

‗ Indonesia suspended @Worldcoin's operations over regulatory violations and concerns about biometric data collection.

‗ @thenotcoin co-founder declared the tap-to-earn gaming model "probably dead" as developers shift to more engaging game genres.

Top gainers: $CORE, $BONK, $TAO, $SUI, $AAVE, $IP
Top losers: $FLZ, $WLD, $USDS, $FLR, $LEO, $ADA

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