Bitcoin ETFs Set New Record with $870M Inflows

Bitcoin ETFs have reached new heights, with a record-breaking $870 million in inflows on a single day. This marks the highest single-day inflow for Bitcoin ETFs since June, signalling growing institutional interest in Bitcoin. The surge highlights a continued bullish sentiment surrounding the crypto market, driven by the increasing ease of access to digital assets via ETFs. As Bitcoin ETF adoption increases, it’s likely to further fuel investor confidence, paving the way for a strong finish to the year.

Ethereum Layer 2 Technology Sees Progress

In Ethereum news, the =nil; Foundation has launched its Layer 2 testnet aimed at reducing gas fees and improving scalability. Ethereum’s Layer 2 solutions have been a critical focus as the network continues to address transaction congestion. By offloading transaction processing from the Ethereum mainnet, these innovations are set to bring faster and more affordable transactions to decentralized finance (DeFi) and other Ethereum-based applications. As adoption of Layer 2 continues to grow, Ethereum's scalability issues could see significant improvements.

Crypto Payments Gain Traction with Felix & Zero Hash Partnership

The role of cryptocurrencies in global finance continues to expand, with WhatsApp-based remittance startup Felix teaming up with Zero Hash to streamline cross-border payments. This partnership highlights the increasing demand for crypto payment solutions, as the duo aims to enhance financial inclusion. By enabling faster and more cost-effective remittance services, Felix and Zero Hash are contributing to the broader shift toward decentralized financial systems, particularly in regions with limited access to traditional banking infrastructure.

Top Headlines

• Bitcoin ETF Surge: With record inflows, Bitcoin ETFs continue to drive institutional adoption of digital assets.

• Ethereum’s Layer 2 Breakthrough: The =nil; Foundation’s testnet promises lower fees and faster transactions for Ethereum users.

• Crypto Payments on the Rise: Felix’s partnership with Zero Hash enhances cross-border payments, demonstrating crypto’s growing role in financial inclusion.

Disclaimer  

The information provided in NomadNews is intended for informational purposes only and should not be construed as financial, investment, or trading advice. While we strive to provide correct and up-to-date information, all content is based on current market conditions, which may change rapidly. We strongly recommend that readers conduct their own research and seek professional advice from a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies and related financial products carries inherent risks, and it may not be suitable for all investors. NomadNews does not assume any responsibility for any financial losses incurred based on the information presented. Any uncertainty about an investment should be addressed by contacting your financial broker or advisor. Please note that we are not financial advisors.

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