Fees & Revenue - Pumpfun creators earned $2.4 million in fees in the last 24 hours [1]

ETF Market Trends & Flows - Gold ETFs are experiencing significant inflows, hitting record highs and surpassing S&P 500 ETFs in popularity, indicating a potentially bearish market sentiment [1][2] - Equity buying is prevalent, with interest in S&P 500, bonds, and internet ETFs, suggesting a mixed approach of seeking both growth and hedging [3] - Small-cap ETFs are seeing mixed interest, with initial buying followed by quick exits, while fundamentally or factor-weighted approaches are gaining traction [3][11] - Bitcoin ETFs are competing with gold as a store of value, with cumulative flows showing a dynamic race between the two asset classes [4] - Zero-fee funds are attracting the bulk of ETF inflows, with over $300 billion flowing into products costing 10 basis points or less [22] Active vs Passive ETF - Active ETFs are gaining traction, representing close to one-third of overall flows, with firms like Baron entering the space [2][15] - Fees may be less important for active ETFs, as investors prioritize performance and are willing to pay for active management and security selection [16][18] - Vanguard's active mutual funds have outperformed the SPY (S&P 500 ETF) at a higher rate than some peers, attributed to lower fees and less turnover [24][25] - The approval of semi-transparent or non-transparent ETFs was symbolically important but did not necessarily translate into assets [42] Vanguard's Strategy & Position - Vanguard is a leader in low-cost products and is expected to push active ETFs significantly, leveraging its substantial assets under management (approximately $14 trillion to $15 trillion) [20][29] - Vanguard may eventually allow a Bitcoin ETF to capture trends among younger investors [30] - Vanguard's outperformance in active management is linked to lower fees, which allows managers to take less risk and still deliver competitive returns [26][27] Megatrend ETF & Thematic Investing - Lazard Asset Management launched a Megatrends ETF (TMHZ) to capitalize on long-term trends like AI, health, consumer behavior, and data, with a 50 basis points fee [32][35] - Thematic ETFs can fit into model portfolios as tactical themes, and active management may improve client performance in this space compared to passive approaches [38][39] - The goal of megatrend investing is to access long-term themes that will play out over decades, differentiating it from individual themes with shorter lifecycles [40]

Alternative Investments Landscape - Alternative investments, including private equity, private credit, venture capital, and hedge funds, are becoming mainstream [1] - Total assets under management for alts have more than doubled in the past decade, from $7 trillion to $18 trillion, and are expected to reach $29 trillion by 2029 [2] - Congress has been reducing both the financial and educational thresholds for sophisticated investors over the past decade [10] - An executive order from the White House aims to increase the presence of alts in 401(k)s, potentially leading to more retail investor participation [11] Accessibility for Retail Investors - Alts, once exclusive to institutional investors and the ultra-wealthy, are now becoming more accessible to retail investors [2] - Retail investors can now access private credit with a minimum investment of $10,000 to $20,000 through funds [19][20] - The industry is moving towards semi-liquid public instruments, partnerships, securitization, and funds to provide access to alts [16] Risks and Challenges - High fees, less liquidity, less transparency, and potentially lower returns have been risks associated with alts [4][17] - Liquidity is a significant concern, especially for retail investors who may need their cash more readily [14] - Creating hybrid instruments that offer liquidity may compromise the higher returns typically expected from illiquid alternatives [17]

RT curb.sol (@CryptoCurb)🚨 ETHEREUM NETWORK IS DOWN 🚨We should no longer consider a blockchain being “up” when it is charging $100+ in fees for a simple transaction.99.9%+ of users are NOT paying this fee, and are now unable to use the chain.ETHEREUM is DOWN. SOLANA is UP. https://t.co/flTkzSYcVF ...

Crypto Exchange Ranking - Cointelegraph's Crypto Exchanges Ranking 提供筛选功能，包括信任评分、流动性、费用等 [1] - 该排名旨在帮助用户更轻松地选择合适的交易所 [1]

RT Token Terminal 📊 (@tokenterminal)🚨📊 ICYMI: Daily fees on the Internet Computer jumped by ~100x yesterday. https://t.co/F6zlL51NNZ ...

🚨📊 ICYMI: Daily fees on the Internet Computer jumped by ~100x yesterday. https://t.co/F6zlL51NNZ ...

0 Fees on memes. That's the tweet. https://t.co/KGIMjitedv ...

Industry Trend - Fintechs are considering raising prices [1] - JPMorgan's looming fees are a contributing factor [1] Company Impact - Fintech companies are responding to JPMorgan's fees [1]

🔥 JUST IN: Hyperliquid generated $5.8 million in fees yesterday, its third-highest day of the year. https://t.co/yqca9hNCNF ...