Here’s what happened in crypto today
Today in crypto, spot Ether ETFs have clocked their fifth consecutive day beating their Bitcoin counterparts, with data revealing its inflows are ten times higher than Bitcoin ETFs since Thursday. The US Commodity Futures Trading Commission is rolling out Nasdaq’s market surveillance tool to crack down on market abuse and Cronos (CRO) spiked 40% after Trump Media & Technology Group announced a $6.4 billion Cronos treasury.Ether ETFs captured 10x more inflows than Bitcoin in last 5 days Over the past five trading days, spot Ether ETFs have seen a whopping $1.83 billion in inflows, whereas Bitcoin funds have taken just a tenth of that with $171 million in inflows, according to CoinGlass. Wednesday was the fifth consecutive trading day that spot Ether ETFs outperformed spot Bitcoin ETFs in the US in terms of inflows. The aggregate inflow for the nine Ether (ETH) funds was $310.3 million, with BlackRock’s iShares Ethereum Trust (ETHA) taking the lion’s share with a $265.7 million inflow on Wednesday.Meanwhile, the eleven-spot Bitcoin (BTC) funds saw just $81.1 million in inflows yesterday, with BlackRock’s iShares Bitcoin Trust (IBIT) taking 62% of that with $50.7 million. US regulator integrates Nasdaq surveillance tool to combat market manipulationThe Commodity Futures Trading Commission (CFTC), a US financial regulator, is integrating a financial surveillance tool developed by stock exchange company Nasdaq in a bid to overhaul its 1990s infrastructure.Nasdaq’s software is focused on detecting market abuse, including insider trading activity and market manipulation in equities and crypto markets, Tony Sio, head of regulatory strategy and innovation at Nasdaq, told Cointelegraph. He said:“Tailored algorithms detect suspicious patterns unique to digital asset markets. It offers real-time analysis of order book data across crypto trading venues and cross-market analytics that can correlate activities between traditional and digital asset markets.” The data fed into the monitoring system will be “sourced by the CFTC through their regulatory powers,” Sio said. Crypto.com’s Cronos jumps 40% on Trump Media Group CRO Strategy newsCronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch.On Tuesday, Trump Media and Technology Group announced the launch of a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition.Cronos (CRO) surged 25% to $0.20 within hours after the announcement, following which Crypto.com CEO Kris Marszalek took to X on Wednesday to report that the crypto asset had surged 40% following the Trump Media Group CRO Strategy announcement.