U.S. spot Bitcoin ETFs recorded net outflows of $634.99 million, while Ethereum and Solana funds lost $26.13 million and $2.65 million respectively. The correction triggered the liquidation of 82,246 traders for $332.09 million, including 82.6% long positions, amid weakness in U.S. technology stocks. Capital nevertheless rotated toward XRP and Zcash, with the ZCSH ETF attracting net inflows of $14.23 million for a third consecutive day and XRP funds receiving $3.55 million. ZCSH held $681.39 million in assets, equivalent to 3.11% of Zcash’s market capitalization, while cumulative inflows into XRP funds exceeded $1.8 billion. DFINITY founder Dominic Williams also accused NEAR Protocol of appropriating a proprietary ECDSA threshold-signature algorithm, sending NEAR down 1.29%, while HSBC deployed RedCoin in Hong Kong and South Korea officially recognized stablecoins as a means of payment.
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