This week witnessed a notable shift in the cryptocurrency market, with major players like BlackRock and Grayscale leading the charge. U.S. spot Bitcoin ETFs experienced record trading volumes last week, reaching $40.32B, driven by institutional investment and price drops. However, there were signs of capitulation as redemptions exceeded $3.55B. NYDIG reports outflows from spot Bitcoin ETFs alongside a decline in stablecoin supply, highlighting shifting capital trends. Meanwhile, Grayscale’s GDOG and GXRP ETF launches are expected to boost liquidity. 💰, Wormhole Labs launched Sunrise Gateway for seamless token transfers, while Cardano experienced a split due to a developer exploit. #Ethereum #DeFi #Crypto