Good Morning,
Here's a quick preview of today’s content: Strategy now owns 3% of all Bitcoin supply, Gemini launches an XRP credit card, Webull bounces back, Cristian Ronaldo coin rumors spike but traders are ready for the suspected rug, Grayscale looks to add Avalanche, Crypto VCs face post-FTX fallout, and so much more
Happy Tuesday – Let’s dive in.
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Bitcoin and Ether led last week’s crypto product outflows of $1.4B despite a price rebound after dovish remarks from Federal Reserve Chair Jerome Powell
After nearly $2B in early-week redemptions, flows reversed with $594M of net inflows post-Jackson Hole
Analysts attributed the decline to significant whale movements as large holders switched from Bitcoin to Ether, and to market recalibration among traders