By Shikha Singh
US Spot Ethereum ETF Has Seen A Net Inflow Of Funds For 13 Consecutive Trading Days.
The US spot Ethereum ETF has experienced a remarkable streak of 13 consecutive trading days with net inflows, totaling over $1.95 billion.
This consistent inflow reflects growing investor confidence in Ethereum and the increasing popularity of exchange-traded funds that directly track the cryptocurrency.
Ripple Stuns Market With Mysterious 580 mn XRP Transfer.
In the past 24 hours, Ripple has transferred a total of 640 million XRP, including two major transactions.
An anonymous blockchain address received the largest transfer of 380 million XRP, worth $915.17 million, followed by another transfer of 200 million XRP between wallets linked to Ripple.
Additionally, anonymous wallets moved 60 million XRP, totaling $1.55 billion in XRP transactions.
These transfers sparked interest in the crypto community, with speculation linking them to Ripple’s recent regulatory approval for its USD-backed stablecoin, RLUSD.
XRP’s value has risen by 25.74% in the last two days, increasing from $1.92 to $2.24.
Trump-Linked World Liberty Financial Accumulates ETH, AAVE, & LINK.
The Trump family-affiliated DeFi project, World Liberty Financial (WLFI), has been amassing digital assets. On Dec. 11, its multisig wallet converted $12 million in USDC to buy assets such as ETH, AAVE, and LINK.
The wallet now holds $57.2 million in ETH, $10.4 million in cbBTC, and other assets. This move comes as WLFI’s proposal to deploy a bespoke Aave v3 instance, supporting deposits and lending markets for assets like USDC and ETH, nears approval with strong support from tokenholders.
WLFI’s ongoing token sale, which initially aimed to raise $300 million, has raised $66.5 million, with Justin Sun investing $30 million and joining as an advisor.
Raydium Surpasses Uniswap to Claim Top Spot in Monthly DEX Volume.
In October 2024, Raydium became the top DEX by volume across all chains, surpassing Uniswap with $124.6 billion in monthly volume, 30% higher than Uniswap’s $90.5 billion. Raydium’s dominance in Solana’s DEX space, accounting for over 60% of Solana’s daily volume by November, drives this growth.
A key factor in Raydium’s success is the surge in meme coin trading, which now makes up 65% of its daily volume, a sharp increase from 2% in November 2023. The partnership with Pump.fun has supported this. Additionally, Solana’s growing ecosystem has helped Raydium, with Solana overtaking Ethereum in both weekly and daily DEX volumes by late 2024.
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