The introduction of crypto-related spot exchange-traded funds (ETFs) in the United States has caused Bitcoin and Ethereum supplies on centralized exchanges to plummet to record lows. Glassnode data indicates that Bitcoin balances on exchanges have dropped to 11.6%, the lowest since December 2017, while Ethereum balances are even lower at 10.6%, the lowest since October
Exchanges
Gemini exchange announced that users of its now-defunct Earn product have received a staggering $2.18 billion in digital assets, representing 97% of the total assets owed to them. This remarkable recovery comes after the collapse of Genesis, a crypto lender that stopped withdrawals in November 2022. The assets were returned in kind, with users receiving