Markets were broadly positive as traders awaited the US Producer Price Index (PPI), with Solana outperforming peers and broad altcoin gains leading the session. After six straight days of outflows, Ethereum ETFs saw fresh inflows, suggesting renewed institutional interest in the smart-contract leader.
A string of corporate moves dominated the news cycle. Metaplanet expanded a discounted capital raise to $1.4 billion, and healthcare-focused KindlyMD committed $30 million to that round. Sharplink announced a buyback of 1 million shares, while Ethena entered the race to back the HYPE stablecoin — with Native Markets emerging as an early favourite.
On the derivatives and exchange front, the CBOE floated plans for perpetual-style futures for BTC and ETH, and Binance (alongside SGB) moved to enable direct USD transfers for retail customers. Major players also shifted strategy: Grayscale filed vehicles for HBAR, LTC and BCH, Robinhood signalled plans to add copy trading, and Gemini prepared for an IPO this week.
Regulatory developments added another layer of market impact. Some Democrats are pushing for seats at the SEC and CFTC to advance a crypto bill, while the CFTC is reportedly exploring recognition of foreign crypto trading platforms. Separately, Vietnam approved a five-year pilot for a regulated crypto trading market.
Investors should note that macro prints like PPI and regulatory signals can drive rapid price swings. This roundup highlights active capital flows and structural moves, but markets remain sensitive to policy and macro data.
Source: Decrypt. Read the original coverage for full details.