Crypto Currents: Goldman tops ripple funds as bitcoin slips below $70K

Group 1: Bitcoin and ETF Market Dynamics - Bitcoin dipped below $70,000 due to pressure from the IEA's release of strategic oil reserves and ongoing miner selling, despite spot ETF inflows reaching $1.56 billion in March so far [1] - Spot bitcoin ETFs recorded $251 million in net inflows on Tuesday, following $167 million on Monday, leading to cumulative March inflows of $1.56 billion against $576.6 million in outflows [2] - Goldman Sachs emerged as the largest holder of XRP ETFs with approximately $154 million in exposure, representing about 15% of total XRP ETF assets of $971 million [2] Group 2: Institutional Investment Trends - Institutional investors accumulated over $540 million in U.S. spot solana ETFs during Q4, with significant holdings from Electric Capital and Goldman Sachs [2] - XRP ETFs have experienced only nine days of net outflows since their launch in November 2025, accumulating over $1.4 billion in cumulative inflows [2] Group 3: Crypto Infrastructure Developments - Sphere 3D announced a definitive agreement to acquire Cathedra Bitcoin in an all-stock deal, combining 53 MW of managed power capacity and 1.2 EH/s of proprietary hash rate [3] - Hyperscale Data provided revenue guidance of $180 million to $200 million for FY26, targeting profitability by Q4 [3] Group 4: Stablecoin and DeFi Developments - TLGY Acquisition cleared a 97% shareholder vote for its business combination with StablecoinX Assets Inc., set to list on Nasdaq under the ticker 'USDE' [4] - The combined company will hold over 3 billion ENA tokens, backed by a $360 million PIPE financing, with a $310 million token buyback initiated by the Ethena Foundation [4] - BitGo Holdings announced an investment in Ubyx and appointed BitGo Bank & Trust as a settlement agent within Ubyx's shared clearing network for regulated digital assets [4]