Here’s what happened in crypto today

Today in crypto, funds recorded a remarkable $5.95 billion in inflows as concerns regarding a potential US government shutdown fueled a market rally. This surge marks the largest inflow week ever recorded, with CoinShares noting that Bitcoin funds attracted $3.6 billion, significantly outpacing other assets. Ether saw inflows of $1.48 billion, contributing to a record year-to-date total, while Solana and XRP ETPs also set new highs. Additionally, Tushar Jain from Multicoin Capital commented on the newly enacted GENIUS Act, suggesting it could transform stablecoins into serious competitors against traditional banks by offering higher yields for retail deposits. He anticipates that tech giants like Meta and Google will enter the market, enhancing user experiences. Meanwhile, DefiLlama announced it would delist data from the Aster decentralized exchange due to concerns over data integrity. Aster had gained significant attention as a challenger to existing exchanges, but the lack of verifiable trading data prompted this decision.

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