US spot Bitcoin ETFs recorded USD 74.57 million in net inflows, with Fidelity's FBTC attracting USD 236.72 million despite BlackRock's IBIT experiencing USD 201.24 million in outflows.
Uniswap reportedly surpassed USD 20 billion in cumulative tokenized stock trading volume.
Zcash prepared to reduce block times from 75 to 25 seconds through its NU7 upgrade.
The crypto market witnessed several key developments as spot Bitcoin ETFs recorded USD 74.57 million in net inflows, while Polygon gained momentum amid a proposed hard fork to recover stolen tokens. Meanwhile, Uniswap surpassed USD 20 billion in cumulative tokenized stock trading volume, and Zcash announced plans to reduce its block time from 75 to 25 seconds.
SoSoValue data shows that the Bitcoin spot ETF saw a total net inflow of USD 74.57 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was Fidelity's ETF FBTC, with a daily net inflow of USD 236.72 million, and the total historical net inflow of FBTC currently stands at USD 10.42 billion.
The second highest was Ark Invest and 21Shares ' ETF ARKB, with a daily net inflow of USD 19.90 million, and the total historical net inflow of ARKB currently stands at USD 984.38 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of USD 201.24 million, and the total historical net inflow of IBIT currently stands at USD 65.61 billion. The total net asset value of Bitcoin Spot ETFs is USD 102.26 billion, with an ETF net asset ratio of 6.35%. The historical cumulative net inflow has reached USD 56.54 billion.
Polygon is approaching a critical price level as a proposed crypto hard fork puts the network back trending. POL recently recovered toward USD 0.10, while Binance and Polymarket are seeking to recover millions in stolen tokens through a controversial governance proposal.
The proposed hard fork would zero the balances of four addresses linked to the Polymarket incident and one tied to Binance. Polymarket accounts for 23.86 million POL, while Binance’s address holds 46.63 million POL.
The proposal would credit the equivalent balances to recovery wallets verified by the affected platforms. POL traded around USD 0.096, up 4.6% over seven days. The token remains close to the USD 0.10 psychological resistance level.
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In the past 24 hours, Uniswap reportedly surpassed USD 20 billion in cumulative trading volume for tokenized stocks. This record trading volume placed Uniswap at the top among decentralized exchanges (DEXes) in terms of stock-token trading activity.
Over the past 24 hours, Uniswap led DEXes as it added USD 19.4 million in trading volume. This was approximately 35 times the growth recorded by Aerodrome, which ranked second. Both of these events followed UNI, recording a 5.70% gain in four hours, climbing from USD 7.28 to USD 7.70 on Binance on the 4th of November. At the same time, its 24-hour price increase stood at 4.75%.
Democrats are continuing their investigation into Changpeng Zhao, known as CZ, pardon as Binance faces renewed scrutiny following a USD 6.34 billion security breach. The Democrats’ inquiry into CZ’s pardon is bringing fresh attention to Binance’s founder, who says he no longer manages the exchange but remains one of its most vocal public defenders.
The October 29 Binance hack targeted internal wallet-signing systems, triggering unauthorized transfers across several blockchain networks. Binance says it will absorb the financial impact, while CZ has publicly defended the exchange and reassured users.
Zcash has scheduled its NU7 upgrade for block 3,543,405, when the network will cut its target time between blocks from 75 seconds to 25 and start setting aside most transaction fees for future mining rewards.
The upgrade also changes what miners earn from transactions, with 40% of fees going to miners and the remaining 60% set aside for future rewards. The Zcash Foundation’s Zebra 7.0.0 release notes identify the software that supports the switch.
For someone depositing ZEC at an exchange that requires six confirmations, the shorter interval brings the target wait for those blocks from 7.5 minutes to 2.5 minutes, assuming the exchange keeps the same requirement.
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1. How much money flowed into spot Bitcoin ETFs?
SoSoValue reported that spot Bitcoin ETFs recorded USD 74.57 million in daily net inflows, led by Fidelity's FBTC with USD 236.72 million. BlackRock's IBIT recorded the largest outflow at USD 201.24 million.
2. Why is Polygon's POL cryptocurrency gaining momentum?
Polygon's POL gained 4.6% over seven days, trading near USD 0.096 amid discussions surrounding a proposed hard fork. The proposal aims to recover approximately 70.49 million POL associated with Binance and Polymarket incidents.
3. How much tokenized stock trading volume has Uniswap recorded?
Reported figures suggest Uniswap surpassed USD 20 billion in cumulative tokenized stock trading volume. The decentralized exchange also recorded USD 19.4 million in trading activity over 24 hours, outperforming Aerodrome.
4. Why are Democrats investigating Binance founder Changpeng Zhao's pardon?
Democrats are continuing scrutiny of Changpeng Zhao's pardon amid allegations surrounding Binance's reported USD 6.34 billion security breach. The inquiry raises questions about regulatory accountability, exchange security and CZ's relationship with Binance.
5. What changes will Zcash introduce through its NU7 upgrade?
Zcash's NU7 upgrade is scheduled for block 3,543,405 and aims to reduce target block times from 75 seconds to 25 seconds. It will also allocate 40% of transaction fees to miners and reserve the remaining 60% for future mining rewards.