BTC climbed to 1.7% of global money before Fed chair signaled rate cut

Today's crypto news covers the latest trends and events affecting Bitcoin, blockchain technology, DeFi, NFTs, Web3, and crypto regulations.

Editor’s Note: Staying updated on cryptocurrency developments is crucial for investors and enthusiasts alike. Understanding daily trends can help navigate the volatile market and make informed decisions.

Custodia Bank CEO Caitlin Long warns that traditional finance (TradFi) firms may struggle during the upcoming crypto winter due to mismatches with blockchain protocols that operate in real-time.

Editor’s Note: This warning highlights the challenges that traditional financial institutions face as they adapt to the rapidly evolving cryptocurrency landscape. Understanding these dynamics is crucial for investors and stakeholders in both sectors.

Ether ETFs have achieved a record trading day of $7 billion, showcasing strong investor interest, while Bitcoin continues to see outflows.

Editor’s Note: This surge in Ether ETF trading is significant as it reflects growing confidence in Ethereum's market, contrasting with the ongoing outflows from Bitcoin, which may indicate shifting investor preferences.

Chainlink is showing signs of a bullish trend as it rebounds from an oversold position, suggesting potential for further gains. Analysts note that both Chainlink and LINKBTC closed the day positively, indicating building momentum.

Editor’s Note: This matters because a bullish trend in Chainlink could attract more investors and increase market confidence. As one of the prominent cryptocurrencies, its performance can influence the broader crypto market.

Ghislaine Maxwell has publicly stated that she believes Jeffrey Epstein did not commit suicide and is seeking a pardon from Donald Trump.

Editor’s Note: Maxwell's claims add another layer to the ongoing discussions surrounding Epstein's controversial death and her own legal battles. Her pursuit of a pardon from Trump could have significant implications for her future.