BlackRock’s IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections.

In the Tuesday phone call with President Bola Tinubu, Biden praised the creation of a new bilateral working group focused on crypto and illicit finance.

“The company we’ve built is different from the company dYdX must be,” said the CEO.

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, analyst said.

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