The crypto market capitalization dipped below 4 trillion USD with a decline of 1.8%. Bitcoin closed at approximately 119,000 USD, while Ethereum remains steady at nearly 4,300 USD as major players adopt a cautious stance ahead of US inflation data.
Global investments in crypto funds surged by 578 million USD last week, with notable inflows of 265 million USD into Bitcoin and 270 million USD into Ethereum. A significant purchase of 221,166 ETH valued at approximately 1 billion USD by a crypto whale reflects growing market optimism.
Sky Protocol, a decentralized lending platform, received a B- credit rating from S&P Global Ratings, marking a key milestone for DeFi. This rating signals increasing recognition of decentralized finance in traditional financial circles.
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