web3: BTC falls back to $77,800, ETF turns into net outflow
Coinpaper
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The crypto market has declined, with BTC falling back to $77,800, and ETF experiencing net outflows of funds; industry news such as the split of Consensys and Nasdaq investing in Kraken's parent company have emerged simultaneously.
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This issue of the market briefing by foreign media focuses on the crypto market, ETF capital flows, and various industry developments. On that day, mainstream cryptocurrencies generally weakened, with BTC, ETH, SOL, etc., all experiencing declines, indicating a weak market sentiment.

Mainstream cryptocurrencies are generally declining in value.

BTC trades around $77,800, with a daily decline of about 1%. ETH trades around $2,460, SOL trades around $101, and HYPE as well as ZEC also see declines. Some altcoins that have seen significant gains recently experience even more pronounced reversals.

ETF Funds Turn into Net Outflow

Bitcoin spot ETF saw a net outflow of $120 million on the same day, while Ethereum spot ETF had a net outflow of $35 million. The article states that this change occurred in tandem with the overall pressure on risk assets on that day.

Industry news is being released in large quantities.

Consensys announces its division into two companies. MetaMask will focus on wallet business, while the related businesses of Linea and EVM will remain within the new Consensys. At the same time, Nasdaq has invested $100 million in Kraken, the parent company Payward, with a post-investment valuation of approximately $21 billion.

The article also mentioned that Trezor, Block, Secret Service, and DoubleZero have also made their own progress.

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