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The Funding: Why VCs are so bullish on the TON token
The Funding: Why VCs are so bullish on the TON token

Quick Take This is an excerpt from the fifth edition of The Funding newsletter sent to our loyal readers on June 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/06/29 20:01
Spot Bitcoin ETFs see $73M inflow amid mixed fund movements
Spot Bitcoin ETFs see $73M inflow amid mixed fund movements

Share link:In this post: Bitcoin spot ETFs saw a $73 million inflow on June 28, with varying activity across different funds. Grayscale ETF GBTC had a $27 million outflow, while BlackRock ETF IBIT saw an $82 million inflow. The US government transferred 3,940 Bitcoin to Coinbase Prime on June 26, flagged by Arkham Intelligence. The SEC is cautiously approving Bitcoin and Ether ETFs but remains uncertain about other tokens like Solana.Disclaimer. The information provided is not trading advice. Cryptopolitan

Cryptopolitan·2024/06/29 15:52
Flash
01:16
STRC preferred shares under Strategy closed at $89, marking the lowest daily closing price since its IPO
Odaily reported that BitcoinTreasuries.NET posted on X that Strategy's STRC preferred shares closed at $89 today, with an effective yield of 12.9%. This is the lowest daily closing price since its IPO, and also the lowest dividend-adjusted closing price since November.
01:13
American Bitcoin director purchases 450,000 shares of ABTC stock
Odaily reported that BitcoinTreasuries.NET stated on the X platform that Richard Busch, a board member of American Bitcoin Corp, a Bitcoin mining company supported by the Trump family, has just purchased 450,000 shares of ABTC stock at an average price of $0.87, worth $391,500.
01:08
U.S. stocks closed with most AI-related shares falling; EPAM dropped more than 6.03%
According to Odaily, based on MSX.COM data, at the close of the US stock market, the Dow Jones fell by 0.98%, the S&P 500 Index fell by 1.21%, and the Nasdaq fell by 1.34%, while the VIX Fear Index rose by 12.37%. AI concept stocks generally declined, with EPAM down 6.03%, ServiceNow down 5.77%, Accenture down 5.75%, Meta down 5.44%, and Adobe down 5.33%. It is reported that MSX is a leading RWA trading platform, having launched hundreds of RWA tokens, covering popular US stocks and ETF tokenized assets such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
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