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COMEX Silver Inventories Hit Lowest Level Since Last March, Potentially Triggering Silver Short Squeeze

2 hours ago

**January 29 Update: COMEX Silver Inventories Hit March 2025 Low Amid Full-Blown Short Squeeze** The Kobeissi Letter reports COMEX silver inventories have fallen 34 million ounces from their peak to 415 million ounces—marking the lowest level since March 2025—as the silver short squeeze battle intensifies. The inventory drop signals robust physical demand, with short sellers grappling to secure physical silver to settle futures contracts. When these traders can’t source enough physical supply, they’re forced to pay the higher prices sellers demand. This dynamic will push silver prices higher, pressuring more traders to cover positions to avoid losses and tightening market conditions further.
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Yesterday, the US Solana Spot ETF saw a net inflow of $6.7 million, bringing the total net inflow to $884 million.

Per Farside monitoring, on January 29, U.S. Solana spot ETFs recorded a net inflow of $6.7 million the prior day (Jan 28). Bitwise’s BSOL led with a $5 million net inflow. Cumulative net inflows into these ETFs since their launch have now reached $884 million.

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Yesterday, the US Bitcoin Spot ETF saw a net outflow of $19.6 million

Per Farside data as of January 29, the U.S. Bitcoin spot ETF recorded a net outflow of $19.6 million yesterday, while BlackRock’s IBIT posted a net outflow of $14.2 million.

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Yesterday US Ethereum Spot ETF Net Inflow $28.1M

On Jan 28, U.S. Ethereum spot ETFs recorded a net inflow of $28.1 million, per Farside monitoring, with BlackRock’s ETHA accounting for $27.3 million of that total.

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A whale liquidated a long ETH position at a breakeven price of $2953, with a prior position size of approximately $4.23 million.

On January 29th at 2:20 PM ET, Hyperinsight data shows a whale with the address prefix 0x955 has fully closed its 1,433.39 ETH long position. The position was exited at an average price of ~$2,953.50, totaling ~$4.23 million in value.

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SENT surges over 30% in a short time, reaching a market capitalization of $207 million

On January 29, SENT saw a temporary surge of over 30% amid news that Bithumb and Upbit will list the token, pushing its market cap to $207 million.

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UAE Central Bank Approves First USD Stablecoin - USDu

Jan 29 — The Central Bank of the UAE (CBUAE) has formally greenlit USDU, the country’s first U.S. dollar-pegged stablecoin approved under the Payment Tokens Service Provider Regulatory Framework (PTSR). Issued and overseen by crypto firm Universal Digital (regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority, FSRA), USDU is backed 1:1 by reserves held in segregated accounts within the UAE. Partner banks include Emirates NBD, Mashreq, and Mbank. Digital asset infrastructure firm Aquanow has been tapped as the global distribution partner, enabling compliant institutional use of USDU outside the UAE. Officials note this marks the first launch of a U.S. dollar stablecoin under a central bank-led payment regulatory framework, placing the UAE ahead of the U.S., EU, and most Asian economies in stablecoin regulatory advancement.

6 minutes ago