MEXC Weekly Industry Insights (August 9 – August 15)

1️⃣ This week, U.S. spot Bitcoin ETFs have seen a total net outflow of $561.94 million.
2️⃣ This week, U.S. spot Ethereum ETFs have seen a total net inflow of $2912.67 million.
3️⃣ The American Bankers Association and 52 other organizations jointly called for amendments to the GENIUS Act.
4️⃣ The US SEC has postponed a decision on Bitwise and 21Shares’ Solana ETF proposal until October 16.
5️⃣ South Korea announced 123 "Five-Year National Plans" to promote the development of the virtual asset market.
6️⃣ Since June, institutional purchases of ETH have accounted for 3.8% of the circulating supply, and stablecoins on the Ethereum chain account for 40% of blockchain fees.
7️⃣ Bloomberg Reveals Justin Sun's "$24.6 Billion" Asset List, the Latter Sues Alleging Privacy Breach.
8️⃣ Circle announces the launch of ARC, a Layer 1 blockchain focused on stablecoins.
9️⃣ Grayscale Launches DeepBook and Walrus Trust, Deploying Key Protocols for the Sui Ecosystem.
🔟 Google searches for "altcoin" have reached their highest level since 2021.

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