Crypto Markets See ETF Outflows Amidst New Integrations and Persistent Security Challenges
Crypto Markets See ETF Outflows Amidst New Integrations and Persistent Security Challenges
Recent market analysis reveals significant combined net outflows totaling $219 million from Bitcoin and Ethereum ETFs on March 18, bringing an end to week-long inflow streaks. Despite this market turbulence for major assets, the broader crypto ecosystem continues to evolve with positive developments. Zenith has announced a link between Canton and Ethereum through atomic swaps, aiming to open the network to a wider pool of developers. Concurrently, Apex Group's unit Tokeny has tapped Polygon for its interoperable tokenization platform, T-REX Ledger, which will serve as the official reference chain for permissioned ERC-3643 tokens. Meanwhile, the crypto industry continues to grapple with substantial security threats, with hacks averaging $25 million and major exploits frequently causing significant project losses.
Canton developers said supporting programming languages outside of its native Daml could open the network to a wider pool of developers.
The Polygon-based T-REX Ledger will serve as the official reference chain for permissioned ERC-3643 tokens.
Crypto hacks have become more uneven, with smaller typical losses but increasingly massive exploits that often kneecap projects.
Bitcoin and ether ETFs posted $219.2 million in combined net outflows on March 18, ending week-long inflow streaks.