Bitcoin has attained a price milestone of $68,000 driven by increasing ETF inflows. The Open Interest at CME also reaches an all-time high, though funding remains low. Tesla has transferred $750 million worth of Bitcoin to a new wallet.
Meanwhile, Canary has applied for a Litecoin ETF because of the cryptocurrency's recent 8% increase. Grayscale has requested the SEC to convert its altcoin fund to an ETF.
Kraken is expanding its services by integrating with EigenLayer for restaking. Simultaneously, 'Network state' Praxis has succeeded in raising $525 million for a new city project.
Donald Trump's project only raised $11 million so far, although a16z founders have contributed $2.5 million to Trump's PAC. Allegations have emerged against TikTok in the UK, accusing them of operating as a crypto exchange.
Other industry news includes the arrest of Gotbit's CEO in Portugal and Perplexity AI launching a new finance platform.
