As a seasoned analyst with years of experience in the crypto industry, I find this week’s developments both intriguing and concerning. The surge in net inflows for spot Bitcoin ETFs is undeniably a bullish sign for Bitcoin’s price trend, but the recent CrowdStrike outage serves as a stark reminder of the vulnerabilities that centralized systems present.
Last week, the inflow of funds into Bitcoin spot ETFs exceeded $17 billion. The CrowdStrike incident initiated debates about the advantages of decentralized systems. WazirX experienced a significant exploit resulting in a loss of $234 million. The launch of Ethereum spot ETFs was announced for July 23. Allium secured $16.5 million in funding during this period. Our Weekly Recap provides an overview of these developments.
Crypto startups raise $33.75 millionÂ
- Despite a slow week for crypto VC funding, some of the largest rounds amounted to a combined $33.75 million. Blockchain data resource Allium led with $16.5 million in Series A funding.
- Meanwhile, Haruko secured $6 million, FinTech startup PEXX and cloud-providing platform Nirvana Labs each raised $4.5 million. Bima Labs witnessed a pre-seed funding of $2.5 million.
Read More
- Silver Rate Forecast
- Black Myth: Wukong minimum & recommended system requirements for PC
- Gold Rate Forecast
- USD CNY PREDICTION
- Former SNL Star Reveals Surprising Comeback After 24 Years
- Grimguard Tactics tier list – Ranking the main classes
- Arknights celebrates fifth anniversary in style with new limited-time event
- Gods & Demons codes (January 2025)
- PUBG Mobile heads back to Riyadh for EWC 2025
- Maiden Academy tier list
2024-07-21 16:55