Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

US Puts GDP Data on the Blockchain in Trump Crypto Push

The US government on Thursday began distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry.

The move creates another avenue — not a replacement — for publishing the economic data, according to Commerce Department officials who asked for anonymity to share more details on the step.

Michael Saylor Hit by Market Revolt as His Bitcoin Premium Sinks

Michael Saylor’s once-celebrated Bitcoin experiment is mired in a market backlash, raising questions about the sustainability of the corporate-treasury model he pioneered.

Shares of Strategy Inc., formerly MicroStrategy, have fallen 15% this month, erasing much of the premium the firm long enjoyed over its Bitcoin holdings. The company, long a bellwether for crypto sentiment, is now drawing fresh skepticism.

Tether Stablecoin USDT Coming to Bitcoin Blockchain

Tether, the world’s largest digital asset company, has announced plans to launch USDT on RGB, a next-generation protocol for issuing digital assets on Bitcoin.

RGB recently reached mainnet with its 0.11.1 release and is designed to expand Bitcoin’s role beyond a store of value. By allowing private, scalable, and user-controlled issuance of assets, RGB creates a pathway for stablecoins to exist natively on Bitcoin’s blockchain.

Cathie Wood’s Ark Invest Buys $15.6M BMNR

Cathie Wood’s ARK Invest expanded its crypto exposure this week with a fresh $15.6 million purchase of BitMine Immersion Technologies, despite the stock closing down 7.85% on the day.

According to ARK’s daily trading update on August 27, the firm acquired 339,113 shares of BitMine across three of its exchange-traded funds.

Crypto Treasury Boom Triggers Insider Trading Concerns

Unusual stock movements ahead of cryptocurrency announcements at several small-cap companies are prompting scrutiny over potential insider trading, according to a Fortune report published on August 28.

The story cites multiple instances where company shares surged in the days before disclosing large crypto purchases. MEI Pharma, for example, saw its stock nearly double prior to revealing a $100 million Litecoin acquisition. No regulatory filings or public statements were issued ahead of the spike.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $178.90 million. The total net asset value of Bitcoin spot ETFs is $144.96 billion.

The Bitcoin spot ETF with the highest net inflow on August 28 was ARK 21Shares Bitcoin ETF, with a net inflow of $79.81 million.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Thursday was $39.16 million. The total net asset value of Ethereum spot ETFs is $29.51 billion.

The Ethereum spot ETF with the highest net inflow on August 28 was iShares Ethereum Trust ETF, with a net inflow of $67.62 million.