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BCH $441.63 -4.05%
LINK $8.46 -6.14%
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digital

CoinShares: Last week, digital asset investment products saw a net outflow of $414 million, ending four consecutive weeks of net inflows

According to CoinShares, digital asset investment products recorded a net outflow of funds for the first time in five weeks last week, with an outflow of $414 million, bringing the total assets under management (AuM) down to $129 billion, reverting to levels seen in early February this year. Analyst James Butterfill pointed out that the ongoing tensions in Iran and rising inflation expectations are the main triggers, and market expectations for the June Federal Open Market Committee (FOMC) interest rate decision have shifted from rate cuts to rate hikes.From a regional perspective, the outflow pressure was almost entirely concentrated in the United States, with a net outflow of $445 million in a single week; Switzerland saw a slight outflow of $4 million. Investors in Germany and Canada took the opportunity to buy on dips, recording net inflows of $21.2 million and $15.9 million, respectively.In terms of assets, Ethereum was affected by news related to the Clarity Act, with a weekly outflow of $222 million, bringing the year-to-date cumulative net outflow to $273 million. Bitcoin experienced a weekly outflow of $194 million, but still maintained a net inflow of $964 million year-to-date; Solana had an outflow of $12.3 million. XRP was one of the few assets to record a net inflow, with a weekly inflow of $15.8 million.

The United Nations Development Programme promotes blockchain infrastructure, with 42 cases covering payments, climate, and digital identity

Cointelegraph Research's latest report shows that the United Nations Development Programme is applying blockchain technology to the construction of public digital infrastructure, focusing on addressing issues of transparency, collaborative efficiency, and trustworthy data sharing in government systems.The report "New Tech, New Partners" outlines 42 practical cases covering areas such as digital payments, financial inclusion, climate funding, data governance, and community investment, among which 7 focus on digital identity and data systems, primarily distributed in developing economies in Africa, Latin America, Asia, and Eastern Europe. The research points out that UNDP adopts a "pilot---validate---scale" approach, collaborating with governments, developers, and local businesses to first implement small-scale projects and then gradually promote them based on actual results. It also emphasizes a "platform-agnostic" architecture to maintain system openness and interoperability. Furthermore, the report highlights the importance of governance and risk control, stating that the application of blockchain in public systems requires accompanying privacy protection, regulatory frameworks, and audit mechanisms to prevent data misuse and smart contract risks. Overall, blockchain is extending from financial scenarios to public governance infrastructure, becoming one of the important technological options for digital transformation in various countries.
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