30s Summary

The CoinDesk 20 Index is at 2,645.58, with Bitcoin at $87,452.37 and Ether at $3,289.79. Bitcoin almost reached $90,000 in European trading, while Ether ETFs reported record inflows of $295.5 million. DOGE reached over $0.43, its highest price since May 2021, much of which is attributed to Elon Musk’s endorsement during the Trump era. Ethereum researcher Justin Drake proposed a complete redesign of Ethereum’s consensus layer. Lastly, former Alameda Co-CEO Sam Trabucco agreed to surrender $70M, a Yacht, and Apartments to FTX Creditors.

Full Article

The following info originally appeared in ‘First Mover’, a daily newsletter by CoinDesk covering crypto market updates. You can subscribe to get these insights in your inbox every day. Here are the latest prices: CoinDesk 20 Index is at 2,645.58, up 3.37%. Bitcoin (BTC) is valued at $87,452.37, a 6.46% increase. Ether (ETH) comes in at $3,289.79, up 2.79%. S&P 500 stands at 6,001.35 with a 0.1% increase and Gold takes a dip with a 0.31% loss at $2,603.09. Lastly, Nikkei 225 stands at 39,376.09, down 0.40%.

Here are some stories to check out:

1. Bitcoin almost reached $90,000 in some tense European trading and then fell to around $87,400. The crypto market, however, is performing well with an almost 3.5% increase in the last 24 hours.

2. Ether ETFs reported record inflows of $295.5 million on Monday, with significant contributions from BlackRock’s ETHA and Fidelity’s FETH. Simultaneously, bitcoin ETFs recorded their second-highest-ever daily inflows, a gain of $1.1 billion.

3. DOGE, the famous memecoin, hiked to over $0.43, its highest price since May 2021. A lot of this increase can be attributed to Elon Musk’s endorsement of the meme during Trump’s presidency.

4. Meanwhile, Ethereum researcher Justin Drake proposed ‘Beam Chain,’ a complete redesign of Ethereum’s consensus layer.

5. Finally, former Alameda Co-CEO Sam Trabucco has agreed to forfeit $70M, Yacht, Apartments to FTX Creditors.