Stablecoin inflows decelerated to $995 million last week, while decentralized exchange (DEX) spot trading volumes remained stable and perpetual contract volumes saw an increase. Institutional interest continued to grow, with nine companies collectively acquiring 2,436 Bitcoin, valued at approximately $174 million.
In notable transactions, Bitmine purchased 65,341 Ethereum worth $141.8 million, and Strategy acquired 1,031 Bitcoin for $76.6 million at a price of $74,326 each. Additionally, a whale associated with Erik Voorhees invested $264.37 million in USDT to purchase 122,355 Ethereum at an average price of $2,161 over the past two weeks.
Stablecoin Inflows Slow as Institutional Demand for Bitcoin and Ethereum Rises
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