Lighter has initiated its spot trading testnet, marking a significant step in its platform development. Meanwhile, AVAX One has expanded its cryptocurrency portfolio by purchasing 9.37 million AVAX tokens for $110 million, bringing its total holdings to 13.8 million AVAX. In the ETF market, Bitcoin spot ETFs experienced a net outflow of $151 million, with Fidelity's FBTC being the only fund to record a net inflow. Conversely, Ethereum spot ETFs saw a net inflow of $96.67 million, largely driven by BlackRock's ETHA, which accounted for $92.61 million of the total.