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Ethereum ETF Record $697M, Liquidation Cascade & Ripple's $275M Raise
Audio is available on Spreaker — see link below.
Spot Ethereum ETFs pulled a record $697M in weekly inflows while $110M in leveraged Bitcoin and Ethereum positions were wiped out over the weekend. Plus: Ripple's $275M institutional raise, MANTRA's Cosmos-EVM outage aftermath, and what the altcoin season index actually says.
Audio is available on Spreaker — see link below.
MANTRA Chain went dark for thirty hours this week, and the reason matters well beyond one blockchain. A vulnerability in the Cosmos-EVM module brought the mainnet to a complete halt, block production stopped, and it took a coordinated validator response plus a version eight-point-four-point-zero patch before the network came back online.
While one infrastructure story was unfolding, institutional capital was moving in a very different direction. Spot Ethereum ETFs attracted six hundred ninety-seven million dollars in net inflows for the week, a record.
Against that institutional backdrop, the weekend saw a sharp derivatives unwind. One hundred nine-point-six-six million dollars in combined Bitcoin and Ethereum liquidations hit over the weekend, with eighty-point-one percent coming from long positions.
On the funding side, Ripple completed a two hundred seventy-five million dollar senior unsecured notes offering from institutional investors, earmarked for expanding its U.S. prime brokerage operations across digital and traditional assets. Combined with an earlier credit facility, Ripple now has roughly four hundred seventy-five million dollars in infrastructure runway.
A quieter but consistent theme across this week's funding activity is AI-powered trading infrastructure. NeoSoul closed an eleven million dollar pre-Series A from MH Ventures and Amber Group to build autonomous trading agents on BNB Chain.
Zcash reached seven hundred ninety-four-point-six-nine dollars with an RSI of eighty-six-point-two-seven, well into overbought territory, trading forty-three percent above its twenty-day moving average. That's an asset-specific move, not a confirmed altseason signal.
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