The spot crypto market was gloomy last week. Spot Bitcoin (BTC) ETFs saw a $706.1 million weekly net outflow, four out of five days.
Even if spot Ethereum (ETH) ETF outflows moderated, the market stayed red. ETH ETFs saw four negative days and $91.1 million in net outflows by week's conclusion.
A pessimistic crypto market caused ETF outflows last week. After the U.S. stock market fell, Bitcoin fell below $53,000 for the first time in a month.
On-chain data showed that liquidations across numerous assets reached $295 million on Sept. 7, the highest level this month.
In 2024, crypto-related venture capital funds averaged $41.3 million, up 65.1%, according to PitchBook.
Telegram creator Pavel Durov went out for the first time last week, criticizing the French government's communication overreach after his incarceration and release.
Durov said that Telegram eliminates unlawful information and doesn't function in places that don't match its requirements.
Durov is being investigated for enabling Telegram crime.
On Polymarket, Republican presidential candidate Donald Trump led Vice President Kamala Harris 52% to 46% on Sunday.
Two Trump relatives' X accounts were hacked and used to promote a bogus Solana-based memecoin. It was caused by Trump's oldest sons' DeFi platform launch.
Harris received the support of 88 corporate professionals, including Ripple (XRP) co-founder and chairman Chris Larsen. The widely anticipated Harris-Trump debate occurs on Tuesday, Sept. 10.
Last week, sources indicated that the XRP Ledger will soon be programmable after almost a decade.
Native smart contracts and the EVM sidechain under development will allow this for Ripple.
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