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Quick Take Bitcoin is hovering around the $87,000 area as spot ETFs posted $129 million in net inflows on Tuesday, bucking the persistent outflows this month. Analysts say bitcoin is undergoing its “first real institutional stress test,” with long-term buyers accumulating as short-term holders remain underwater.


Quick Take Upexi has priced a private placement of up to $23 million in common stock and warrants. The raise comes as Upexi’s SOL treasury has lost more than $200 million in value during the recent crypto market drawdown.

Crypto analysts have warned that the future path of the US dollar could shape the next major phase of the crypto market.

Quick Take Launched in 2013, Xapo also offers bitcoin-backed U.S. dollar loans of up to $1 million and interest-bearing bitcoin and fiat accounts. The Xapo Byzantine BTC Credit Fund taps Hilbert Group as an independent investment manager.

Quick Take The fund is set up to invest in founders who are “solving real structural problems in liquidity, settlement, credit, and on-chain risk management,” including dark pool DEXs and yield products on Ethereum, BNB Chain, Solana, and Base. DWF has drawn scrutiny in the past due to its opaque corporate structure and investments that are often structured as OTC deals.

Quick Take Large traders ramped up bitcoin deposits to exchanges as prices fell to recent lows, according to CryptoQuant. The firm noted that exchange activity in ether and altcoins also remained elevated, putting further downward pressure on prices.

Quick Take Robinhood is launching a new futures and derivatives exchange through a joint venture with Susquehanna to accelerate its push into prediction markets. Grayscale moved to convert its Zcash closed-end trust into an exchange-traded fund on Wednesday, filing with the SEC to launch what could be the market’s first-ever ZEC-focused ETF.

Quick Take Elon Musk’s SpaceX moved $105 million worth of bitcoin on Wednesday. The company currently holds 6,095 BTC, valued at roughly $552.9 million.