Crypto Roundup - July 24

Ethereum (ETH) remained flat despite the debut of new spot ETFs, which attracted over $100 million in inflows. The tepid market reaction contrasts with the enthusiastic response to Bitcoin ETFs in the past. Meanwhile, dYdX's website was compromised amidst rumors of a protocol sale, raising security concerns in the DeFi space. Coinbase Asset Management is planning to launch a tokenized money market fund, highlighting growing interest in digital financial products, following BlackRock's success in the area.

Top Stories:

Ethereum's flat response to new ETFs, despite substantial inflows, suggests market uncertainty.
dYdX's website hacked amid rumors of a potential protocol sale, sparking security concerns.
Coinbase plans tokenized money market fund, indicating increased institutional interest in digital assets.

TOP STORIES

ETH is Flat After Strong ETF Debut - The Defiant

Ethereum’s ETH is flat the day after the much-anticipated debut of spot exchange traded funds (ETFs) linked to the asset, which attracted net inflows of $106.6 million on their first day of trading.

thedefiant.io/news/markets/eth-is-flat-after-strong-etf-debut

dYdX’s website compromised in latest DNS attack targeting DeFi protocols

DeFi exchange dYdX’s v3 website was compromised on the same day reports emerged it wanted to sell the software for the same version of its protocol.

www.dlnews.com/articles/defi/dydx-website-hacked-amid-rumour-of-planned-sale-of-protocol

Coinbase Asset Management Plans Tokenized Money-Market Fund, a Hot Area After BlackRock's BUIDL Success: Sources

Tokenization is one of the hottest corners of the blockchain ecosystem.

www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources

FUNDRAISING

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OTHER HEADLINES

Ether ETFs See $107M Inflows on Day One as Trading Volume Tops $1B

Daily cumulative net inflow hit $106.78 million, with most ETFs in the green on the first day of trading.

www.coindesk.com/markets/2024/07/23/ether-etf-volumes-top-1b-on-day-one

Bitstamp will begin Mt. Gox creditor repayments on July 25

Cryptocurrency exchange Bitstamp will start distributing Bitcoin, Ethereum, and Bitcoin Cash to Mt. Gox creditors on July 25, after a decade of waiting.

cointelegraph.com/news/bitstamp-distributes-mt-gox-creditor-crypto-july-25

Toyota Explores Ethereum's ERC-4337 To Unlock On-Chain Automotive Operations - The Defiant

Toyota is exploring using account abstraction to unlock on-chain automotive use cases.

thedefiant.io/news/tradfi-and-fintech/toyota-explores-ethereum-s-erc-4337-to-unlock-on-chain-automotive-operations

CRYPTO TWITTER (X)

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🌙 ETH is Flat After Strong ETF Debut