📊Markets Consolidate Despite Record ETF Flows

GM Defiers!

Crypto markets are trending sideways after a recent meteoric rally. However, ETF investors appear unperturbed, with spot funds enjoying record inflows.

Shayne Coplan, the CEO of Polymarket, was raided by the FBI. The raid reportedly came amid a Department of Justice (DoJ) investigation into whether Polymarket is violating U.S. gambling regulations.

BUIDL, BlackRock’s on-chain tokenized treasuries fund, has expanded onto five new networks. The Trump-linked World Liberty Financial is also looking to integrate Chainlink’s cross-chain interoperability protocol for multi-chain functionality.

Plus, ZKsync allocates 325M ZK tokens to bolster DeFi liquidity, and memecoins soar on Binance listings.

✍️ In today’s newsletter:

Markets consolidate despite record ETF flows
FBI raids Shayne Coplan’s home
BlackRock’s BUIDL goes multi-chain
World Liberty Financial integrates Chainlink
ZKsync governance approves Ignite program
PEPE and WIF secure Coinbase listings

📈 Markets in the last 24 hrs:

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🗠 Bitcoin Consolidates Around $90,000 Amid Record ETF Inflows

The crypto markets are consolidating after Bitcoin’s eye-watering rally above $93,000, with BTC last changing hands for $88,000. The retracement comes in spite of record inflows to spot Bitcoin and Ethereum ETFs, with $2.5 billion flowing into BTC and $578 million entering ETH funds this week.

🚨FBI Raids Polymarket CEO’s Home Over Alleged U.S. Betting Violations

The FBI raided the home of Shayne Coplan, the CEO of Polymarket, confiscating electronic devices including his cell phone. Reports say the raid came amid a DoJ investigation into whether the platform violated U.S. regulation amid its multi-billion-dollar volume surge amid the 2024 U.S. election.

⛓️Blackrock Launches BUIDL on Five New Blockchains

BUIDL, the tokenized treasuries fund from the world’s largest asset manager, BlackRock, is now live on six chains. Following its debut on Ethereum, BUIDL launched on Arbitrum, Optimism, Polygon, Aptos, and Avalanche.

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AURUS is set to change crypto by infusing real-world value into DeFi, NFTs, GameFi, and more with tokenized gold and silver.

Moving beyond commodity trading, AURUS brings stability and fresh energy to Web3 applications. Exciting partnerships—like those with a top-2 meme coin and a major eGaming brand—add to its momentum. With newly upgraded tokenomics, the ecosystem is further strengthened by the launch of $AURUS, designed to enhance on-chain liquidity and drive growth. Key updates include a burn of half the legacy token supply, a tiered rewards program, and attractive incentives for both early and new supporters. AURUS’s combination of real-world assets with innovative tokenomics may mark the start of a Golden Era for crypto.

👀World Liberty Financial Integrates Chainlink, Teases Cross-Chain Functionality

World Liberty Financial, the DeFi protocol linked to U.S. President-elect Donald Trump, integrated support for Chainlink Price Feeds. The project also teased plans to support Chainlink’s cross-chain interoperability protocol in the future, suggesting it plans to launch multi-chain functionality at a later date.

✅ZKsync Token Assembly Passes 325M ZK Liquidity Program

ZKsync’s Token Assembly passed the project’s first governance proposal, greenlighting the distribution of 325 million ZK tokens to native DeFi dApps. The program aims to bolster DeFi liquidity within the ZKsync Era and Elastic Chain ecosystem, reducing slippage for traders and bolstering fees for liquidity providers.

🚀Memecoins Fly as Coinbase Lists PEPE and WIF

Memecoin mania is soaring to new heights as major centralized exchanges list meme tokens. PEPE and WIF rallied 69% and 40% after scoring listings on Coinbase, while PNUT roared on a Binance listing.

🌍 ELSEWHERE

Eighteen Republican attorneys general and the DeFi Education Fund sue the US SEC over its treatment of crypto (The Block)
Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States (CoinDesk)
Bitfinex Hacker Sentenced to 5 Years as DOJ Ends $10 Billion Crypto Theft Case (Decrypt)
A Degen Administration? Why the Crypto Czar May Be Allowed to Own Tokens (Unchained)