PENGU & REKT ALL TIME HIGHS, HUGE ETH ETF INFLOWS, BNB OUTPERFORMS MARKET
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, flipping SOL. FLR (+22%), PENGU (+18%) and CAKE (+10%) led top movers. The ETH ETFs posted their 3rd highest all time inflow day with $534M, while the BTC ETFs saw their 2nd straight day of outflows. ETH is facing nearly $2B in unstake pressure creating a 9-day delay, its largest since January 2024. PNC Bank partnered with Coinbase to offer crypto trading and custody for PNC clients and Banking services for Coinbase clients. Goldman and BNY are set to offer tokenized money market funds. Meanwhile Citadel wrote a letter to the SEC complaining that tokenized stocks would siphon liquidity from traditional markets. The Telegram Crypto Wallet officially launched for US users, offering crypto buying, selling and sending within the app. Jack Dorsey’s Square started allowing merchants to accept Bitcoin payments
