The spot bitcoin ETF group as a whole has seen a turnover ratio of 5.3%, said Cipolaro, with Valkyrie (BRRR) and Grayscale’s GBTC seeing the lowest rates at 2.2% and 2.4%, respectively. At the high end is Ark 21 (ARKB) at 11.3%. He also took note of an upside outlier, WisdomTree’s (BTCW), the smallest of the spot ETFs with just about $30 million in AUM, during one five-day period experienced a turnover ratio of 205%. Source
The emails between Wright and his former representatives at Ontier became part of the trial after the self-proclaimed bitcoin inventor referenced them while he was under cross-examination last week. The emails were then shared by Wright’s wife Ramona Watts with his current counsel at London law firm Shoosmiths, who in turn reached out to Ontier to confirm their accuracy. Source
User deposits on decentralized privacy protocol Tornado Cash are reportedly at risk following the insertion of malicious code in the protocol’s back end, according to a Medium post by community member Gas404. Source
The wallet in question still holds 926,000 UNI tokens, worth $10.6 million, after selling almost 9% of the stash on Friday. The sale marked the top of UNI’s surge. The price subsequently slid back. It rose 0.8% on Monday to $10.40, down 19% from Friday’s high, while the broad CD20 gauge barely moved. Source
The funds will be used to build out its three core products, “Avail DA,” “Nexus,” and “Fusion Security.” Source
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Ethereum (ETH), Chainlink (LINK), and (XRP) also experienced inflows, adding $17 million, $1.8 million and $1.1 million respectively. Solana, on the other hand, had net outflows of $3 million as recent network outages may have “likely impacted investor sentiment,” James Butterfill, head of research, wrote. Source
Users of cryptocurrency exchange BitForex have been blocked from accessing the website. Blockchain sleuth ZachXBT reported that $57 million has been drained out of the exchange’s hot wallets. Source
Monday’s letter comes ahead of a G20 meeting to be held in Sao Paulo on Wednesday and Thursday. It also outlines the group’s plan to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization in October. The board, which coordinates with 24 countries, intends to report on the financial stability implications of AI the month after that. Source
Last week, Uniswap proposed rewarding UNI token holders who stake and delegate their staked tokens with a portion of the DEX’s fee earnings. UNI is the native governance token of Uniswap. The crypto community cheered the proposal, sending UNI higher by 60%. Several other DeFi tokens, including COMP, AAVE and SUHI, also witnessed an increase in value. Source