Midday News Update #Web3

📈 #ethereum spot ETFs hit a record $428M in net inflows yesterday, with BlackRock’s ETHA leading at $293M and Fidelity’s FETH at $114M.

💸 Marathon Digital acquires 1,423 #BTC☀ ($139.5M) within 6 hours, funded by an $850M convertible note issuance.

🐳 A whale deposits 60,079 ETH ($234M) into Bitfinex after holding for six years, realizing a 20.7x return since 2019.

📈 Gate.io’s December reserve report reveals a total of $9.566B in assets, with $BTC reserves at 20,773 and $ETH reserves at 290,365, exceeding 123.91% reserve ratios.

💎 #ai16z market cap surpasses $500M as its price spikes to $0.48 $USDT.