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Bitcoin Reclaims $65,000 as ETF Inflows Top $1 Billion and Investors Pivot to Utility DeFi

The renewed fund flows point to strengthening risk appetite that is favoring working DeFi infrastructure.

Overview

  • U.S.-listed spot Bitcoin ETFs took in about $1.02 billion over three sessions this week, with BlackRock’s IBIT leading net inflows, according to SoSoValue data reported by AMBCrypto.
  • The market rebound lifted Bitcoin back above $65,000 and added roughly $32 billion to total crypto capitalization in 24 hours, with Ethereum also recovering and, per crypto.news, adding more than $15 billion in value in under a day.
  • Coverage links the bounce to a softer U.S. dollar and a wave of short covering, as investors shift attention from high-leverage bets to utility-focused protocols that deliver on-chain financial services.
  • Mutuum Finance reports raising about $20.6 million and more than 19,000 token holders, alongside a V1 deployment on Ethereum’s Sepolia testnet that lets users trial lending and borrowing without real funds.
  • The project outlines a dual-market design featuring Peer-to-Contract pools and Peer-to-Peer deals with mtTokens for lenders and debt tokens for borrowers, and it cites a completed Halborn audit, a 90/100 CertiK token-scan score, and on-chain whale allocations above $100,000.