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The Ethereum (ETH) spot ETF in the United States has recorded an inflow for 8 consecutive weeks. On-chain analysis platform Glassnode reported in a report released on the 8th that the US Ethereum spot ETF has been experiencing net inflows since mid-May, with approximately 61,000 Ethereum being net inflows last week. Glassnode explained that the net inflows of the Ethereum spot ETF are due to demand from US institutional investors.
2. Tether Stores 80 Tons of Gold... "Will Continue to Integrate Gold into Reserves"
Tether, the issuer of the largest stablecoin USDT, has been revealed to store approximately 80 tons of gold in a Swiss vault. Bloomberg reported on the 9th that Tether added 0.3 tons of gold at the beginning of this year, storing a total of 80 tons of gold in a Swiss vault, and Tether's CEO has expressed intentions to continue acquiring more gold.
3. Japanese Company to Pay CEO and Executives' Salaries in Bitcoin
Remixpoint, an energy company based in Tokyo, Japan, announced that it will pay the salaries of its CEO and key executives in Bitcoin (BTC). CEO Takashi Tashiro stated in an official statement on the 8th that as part of realizing the company's financial strategy, he and the key executives will receive their salaries in Bitcoin. According to the explanation, tax-related processing will be done in Japanese yen, and after tax processing, the full amount of compensation will be used to purchase Bitcoin at market price and transfer it to each individual's wallet.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
