The Daily: Bitcoin ETFs post largest inflows in six weeks, Solana retracts ad amid crypto community backlash and more

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Happy Tuesday! While a dovish surprise from the Fed tomorrow could provide a short-term boost, bitcoin will likely continue consolidating in the absence of clear catalysts, 21Shares Crypto Research Strategist Matt Mena told The Block. 

In today's newsletter, U.S. spot Bitcoin ETFs register their largest daily net inflows in six weeks, Solana retracts a controversial ad following a community backlash, Cronos is set to reissue 70 billion previously burned CRO tokens and more.

Meanwhile, GLIF protocol launched its governance token, distributing 94 million GLF in an airdrop, as it seeks to expand beyond Filecoin.

Let's get started.

U.S. spot Bitcoin ETFs recorded $274.6 million worth of net inflows on Monday to post the largest daily figure in six weeks.

Solana removed a video ad designed to promote its upcoming Accelerate conference within hours of posting it to social media on Monday after facing backlash from the crypto community, though copies continue to circulate on X.

A governance proposal by Cronos, a Layer 1 blockchain from crypto exchange Crypto.com, to reissue 70 billion CRO tokens previously burned in 2021, was approved on Monday, returning the total supply from 30 billion to its original cap of 100 billion.

Web3 workflow protocol developer Halliday has raised $20 million in a Series A round led by a16z crypto.

While some have suggested the crypto market has already peaked, analysts at Bernstein argue that the current cycle is "still in its early stages" and has "multiple legs to run further" amid a more crypto-friendly U.S. regulatory backdrop.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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