PENGU & REKT ALL TIME HIGHS, HUGE ETH ETF INFLOWS, BNB OUTPERFORMS MARKET
Main Idea
The article provides updates on cryptocurrency market trends, ETF inflows/outflows, and partnerships between financial institutions and crypto companies.
Key Points
1. Crypto majors were slightly red with BNB outperforming and hitting a new ATH, while BTC, ETH, XRP, and SOL saw minor declines.
2. ETH ETFs recorded their 3rd highest inflow day with $534M, while BTC ETFs experienced net outflows for the second consecutive day.
3. PNC Bank partnered with Coinbase to offer crypto trading and custody services for PNC clients, and banking services for Coinbase clients.
4. Goldman Sachs and BNY Mellon are preparing to offer tokenized money market funds, potentially impacting traditional market liquidity.
5. Meme coins like PENGU and REKT continued their rally, hitting new ATHs, while FLR, PENGU, and CAKE led top movers in the market.
Description
Crypto majors slightly red with BNB outperforming and hitting new ATH. ETH ETFs see 3rd biggest day of inflows while BTC sees net outflows. Coinbase partners with PNC for Crypto-as-a-Service model. Goldman and BNY to offer tokenized money market accounts. PENGU and REKT hit new ATHs as meme leaders continue rally. Crypto majors were slightly red with BNB leading; BTC -0.5% at $118,500, ETH -1% at $3,670, XRP -2% at $3.44, SOL -1% at $197. BNB hit a new ATH over $800 and $112B market cap, flippin...
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