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Key Takeaways
- Bitcoin ETFs saw record-breaking back-to-back inflows, with over $2 billion added in just two days — signaling rising institutional confidence.
- Binance reportedly helped develop USD1, a Trump-linked stablecoin now tied to a $2 billion investment from an Abu Dhabi firm.
- Peter Schiff urged investors to swap Bitcoin for silver, while BitMEX’s Arthur Hayes hinted at a coming altcoin season led by Ethereum.
The cryptocurrency market closed the week on a high note with multiple headline-grabbing developments — from historic ETF inflows to politically tinged stablecoin controversies and renewed silver advocacy from Bitcoin’s biggest skeptic. Here’s what you need to know in crypto today.
U.S. Spot Bitcoin ETFs See Historic Back-to-Back $1B+ Inflows
Bitcoin continued to defy expectations as U.S.-listed spot Bitcoin ETFs registered over $1 billion in daily inflows for the second straight day — a milestone not seen since their launch in January 2024.
According to Farside data, the combined inflow into the 11 ETFs totaled $1.03 billion on Friday, following Thursday’s $1.17 billion — bringing the two-day tally to over $2.2 billion. Nate Geraci, president of NovaDius Wealth Management, noted that such back-to-back inflows are unprecedented, with only seven $1B+ days since the ETFs’ debut.
The momentum reflects growing institutional interest in Bitcoin, especially as prices hit new all-time highs.
Binance Reportedly Helped Develop Trump-Linked Stablecoin
Binance, the world’s largest cryptocurrency exchange, is reportedly behind the development and promotion of USD1 — the stablecoin issued by World Liberty Financial, a firm co-founded by members of the Trump family.
A Bloomberg report citing sources close to the matter alleges that Binance was instrumental in creating the stablecoin code and facilitated its largest transaction: a $2 billion investment from Abu Dhabi’s MGX using USD1. As of Friday, 90% of the tokens used reportedly remain in Binance wallets, potentially generating millions in interest for Trump-linked entities.
Neither Binance nor WLF responded to requests for comment.
Peter Schiff Says Bitcoin Rally Is a Signal to Buy Silver
As Bitcoin surged past $112,000, gold bug Peter Schiff renewed his critique of the crypto, urging investors to take profits and shift to silver.
Schiff argued that silver’s upside is stronger and its downside more limited than Bitcoin’s. Meanwhile, BitMEX co-founder Arthur Hayes offered a mixed outlook, saying he’s “slightly bearish” in the short term but remains bullish, predicting a strong altcoin season led by Ethereum.
Bitcoin Dominates, But Eyes on Altcoins and Politics
With institutional flows surging, politically charged stablecoins emerging, and analysts split on short-term direction, today underscored the growing complexity and maturity of the crypto ecosystem
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
