● Kaiko: Binance's market share is recovering, and its trading volume share has risen to 49.44%
Two months after reaching a settlement with U.S. regulators, Binance’s market share is recovering, with its share of trading volume rising from a multi-month low to 49.44%, according to Kaiko data.
● Binance Labs invests in LSD protocol Puffer Finance
Binance Labs announced an investment in LSD protocol Puffer Finance, with an undisclosed amount. Puffer is a decentralized native Liquid Restaking protocol (nLRP) built on EigenLayer, which introduces a native Liquid Restaking token (nLRT) that accumulates PoS and staking rewards. Nodes in the protocol use Puffer's anti-slashing technology to reduce risk and improve capital efficiency, while increasing returns through re-staking.
● Grayscale GBTC has seen capital outflows for 12 consecutive days, while Fidelity FBTC spot Bitcoin ETF has seen a large amount of net inflows
According to the Daily Planet, on January 29, Grayscale GBTC had outflows for 12 consecutive days, with a daily outflow of $191.7 million. The outflow of GBTC funds slowed down, down nearly 25% from $255 million on January 26, and a sharp drop of 70% from $641 million on January 22. Fidelity's spot Bitcoin ETF FBTC had a large net inflow on January 29, with a daily inflow of $208 million, exceeding the outflow of Grayscale Bitcoin Trust (GBTC) for the first time since its launch.
● Grayscale holdings transferred 6,227 bitcoins to Coinbase Prime and two other addresses
According to Arkham data, Grayscale's holding address transferred 6,227 bitcoins to Coinbase Prime and two other addresses, of which 4,418.63 bitcoins were transferred to Coinbase Prime and 1,808.96 bitcoins were transferred to the other two addresses.
● Global crypto ETP products hold 900,000 BTC, with GBTC accounting for over 50%
According to Planet Daily, according to ByteTree data, global crypto ETP products currently hold 900,000 BTC, worth approximately US$36.2 billion, of which GBTC accounts for more than 50%.
● Standard Chartered Bank's foreign exchange business director: The U.S. Securities and Exchange Commission may approve the Ethereum spot ETF on May 23
According to the Daily Planet, Geoffrey Kendrick, head of foreign exchange at Standard Chartered Bank, predicted that the U.S. Securities and Exchange Commission may approve the Ethereum spot ETF on May 23, which is the final deadline for the first batch of Ethereum spot ETFs to be approved.
● Founder of Andreessen Horowitz: The crypto industry is experiencing a renaissance
According to Bloomberg, Chris Dixon, founder of venture capital fund Andreessen Horowitz, said the crypto industry is seeing a new beginning.
