Crypto Market Perks Up on News Flow

🟡Bitcoin is trading near $111,981 (+0.94% daily), while Ethereum shows a more modest gain at $4,309 (+0.38%). The spotlight, however, is on MYX Finance, which surged 237% in a single day and more than 1,130% over the week, hitting a market cap of $2.45B.

🟡The industry also received a boost from fresh initiatives. Kazakhstan announced the creation of a National Digital Assets Fund and plans to build the country’s first “CryptoCity.” In South Korea, Upbit unveiled its Ethereum-compatible blockchain GIWA, while the U.S. tightened sanctions against crypto scams across Asia. Meanwhile, spot Bitcoin ETFs recorded $368M in inflows, contrasting with a sixth straight day of outflows from Ethereum funds.