Good morning! Today’s top news:
- Crypto majors show strength: BTC at $73,900, ETH at $2,280, and SOL at $93.80.
- Bitcoin ETFs logged a 5-day inflow streak, totaling $763M.
- Tom Lee’s BitMine bought 5,000 ETH from the Ethereum Foundation for $10.2M.
- Stanley Druckenmiller sees stablecoins reshaping global payments in 10-15 years.
- A probe reveals an alleged $5M deal tied to Argentine President Milei’s LIBRA promotion.
The macro backdrop remains tense, but crypto is holding up. Bitcoin is up 9% on the week, with ETH leading at 14%. This outperformance is notable, especially with gold down and stocks flat. Despite the U.S. strike on Kharg Island, which caused oil prices to surge, markets are stabilizing. Oil is now down, and stock futures are slightly green, with crypto majors leading the way.
Spot Bitcoin ETFs recorded net inflows on all five trading days last week, totaling $763.4M. This is the first 5-day inflow streak of 2026. The ETH ETFs also saw $117M in net inflows over the last four trading days.
Tom Lee’s BitMine purchased 5,000 ETH directly from the Ethereum Foundation for about $10.2M. The sale price was $2,042.96 per ETH, and proceeds will support the Foundation’s core operations and ecosystem development. BitMine holds 4.53M ETH, valued at around $9.41 billion.
Billionaire investor Stanley Druckenmiller expects stablecoins to play a major role in future payments infrastructure. He views stablecoins as efficient and cost-effective, while remaining skeptical of broader crypto.
A new report reveals an alleged $5M payment structure linked to Argentine President Javier Milei’s promotion of the LIBRA token. The document was recovered from lobbyist Mauricio Novelli’s phone as part of an ongoing judicial probe. The LIBRA token briefly spiked above $7B in early trading but is now valued at just $1M.