Bitcoin, Ethereum Spot ETFs Extend Net Outflows; DeFi Yield Concentrates Among Top Protocols

1. Bitcoin spot ETFs saw net outflows of $290 million yesterday. None of the 12 funds posted net inflows. 2. Ethereum spot ETFs reported net outflows of $65.65 million yesterday, extending the streak to five straight days. 3. DefiLlama data shows the top 10 DeFi protocols over the past month captured 87% of holder income, led by Hyperliquid. 4. A Hyperliquid cofounder said the team has met with U.S. policymakers to discuss plans to enter the U.S. market. 5. After the KelpDAO attack, multiple protocols began migrating away from LayerZero. 6. Barclays said the market is increasingly viewed as a threat to other speculative investment products, with Gen Z showing strong appetite for gamified investing. 7. SpaceX shareholders approved a 1-for-5 reverse stock split, putting fair value per share at about $105.32. 8. Bitdeer is currently holding a zero position and sold 198.3 BTC this week. 9. Chainalysis traced the THORChain attack: the attacker showed sophisticated money-laundering capabilities and moved funds across chains for weeks before launching the exploit.