Ark Invest increases holdings for nine consecutive days, totaling $11.6 million

Crypto Outflows Continue Amid Falling Trading Volumes

Digital asset investment products experienced significant outflows, totaling $288 million, driven mainly by Bitcoin's $215 million withdrawals and cautious investor sentiment, especially in the US, while European markets exhibited more resilience.

The National Bank of the United Arab Emirates has opened the possibility of allocating Bitcoin in the investment process.

An executive at the National Bank of the United Arab Emirates stated that the bank is considering incorporating Bitcoin into its investment process, viewing it as a store of value and "digital gold." They believe Bitcoin's current valuation is more attractive and predict its fair price will approach $100,000. However, due to its high volatility, the allocation will remain limited to pursue portfolio diversification.

The US SEC approves WisdomTree's application for exemption on tokenized money market fund

The U.S. SEC issues an exemption order for WisdomTree's tokenized money market fund, allowing investors to trade shares intraday at a price of $1 per share, enhancing trading efficiency and settlement experience, marking a flexible operation of tokenized funds under current regulations.

Stronger US Dollar and Weakening Cryptocurrencies, Also Extends to Gold

The US Dollar strengthened, reaching 97.810 on the index, while cryptocurrencies fell by 3.06% in market cap, and gold dropped over 1%. Uncertainty in macroeconomic conditions and geopolitical tensions are influencing these trends.

Gate Ventures: Increased volatility in mainstream assets, continuous development of industry infrastructure

Recently, market risk aversion has increased, the US dollar is strong, long-term government bond yields are rising, and gold has hit new highs. Cryptocurrency assets have declined, with significant net outflows from BTC and ETH, and market sentiment is extremely fearful. Traditional derivatives institutions and mining companies are adjusting their strategies, and market funds are becoming more cautious.

The three major U.S. stock indices all rose before the market opened, with Microsoft (MSFT) up 0.38%.

The three major U.S. stock indices mostly rose before the market opened, with the Nasdaq up 0.19%, the Dow Jones up 0.05%, and the S&P 500 up 0.1%. Most of the seven major tech stocks increased, with Apple, Microsoft, and Nvidia all rising, while Tesla slightly declined.