Sizzling streak
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 27th June 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Bitcoin ETFs In Midst Of Boffo Inflow Binge
The price of spot Bitcoin has been mostly flat of late. But flows into spot BTC ETFs continue to rise at a torrid pace.
On Thursday, the full collection of these U.S.-listed products sported a net inflow of $227M, according to Farside Investors. BlackRock's IBIT naturally led the way with $164M.
It's now 13 straight days of inflows with more than $3B pouring into these funds during the hot streak. More than $1B arrived just this week.
Analysts point to growing institutional demand via treasury and OTC channels (Decrypt).
What's down
Cross-Chain Bridge Under Fire
The Coin360 heatmap is blanketed in red as the weekend nears. Is the crypto landscape a scene of unspeakable carnage? Hardly.
Bitcoin fell merely 0.3% in 24 hours. The largest crypto remains above $107K. Similarly, Ethereum was only slightly nicked, down 0.4% to about $2,460.
Cardano's ADA seems to be enduring the brunt of the Friday brushback as it slid about 2% to $0.55. This could be profit-takers doing their thing ahead of a peak summertime vacation. ADA had reached as high as $0.60 earlier this week.
No, what really left us wincing today is a severe smackdown involving Across Protocol's native token, ACX, which sank 10% in the past 24 hours.
The pummeling comes in the wake of allegations of insider self-dealing via DAO governance proposals. The incendiary claim — that senior Across team members orchestrated a vote to allow for the siphoning of $23M away from the cross-chain bridge project's coffers and into Risk Labs, a separate for-profit company run by the same team — was put forth on X by Ogle, the pseudonymous founder of layer-1 project Glue. Ogle is also an advisor to World Liberty Financial.
The Block obtained a response from Risk Labs CEO Hart Lambur who called the allegations "categorically untrue."
Lambur continued: "I will vigorously defend our protocol and our team. In no way has the Across team 'extracted' value from the DAO. That is so insane it's hard to even respond to. I've been building in this space for six years. Me and my team are some of the few long-term builders that do things the right way. It's frustrating when an anonymous troll attacks us with complete untruths and totally false accusations."
What's next
ETF Optimism Perfumes Summer Air
Bitcoin ETFs could soon find some competition in the great crypto sector race to attract institutional capital. Decrypt reports that serious momentum is swirling around the next frontier of products.
Specifically, per Bloomberg ETF analyst Eric Balchunas, the recently revised Dogecoin and Aptos ETF filings reflect a “completely new attitude” from the SEC. Meaning, to put an even finer point on it, that the agency is displaying much more consistent engagement, versus what issuers experienced ahead of last year's BTC ETF approvals.
Balchanus added: “Everything we’re hearing is even more optimistic than what we heard during the BTC saga.”
