[Today's Global Trending Coins] Bitcoin, Tether, Ethereum and More

According to the top gainers in Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market) by the AI-based Web3 search platform Kaito, the top five cryptocurrency-related keywords currently attracting the most attention are Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Fartcoin, and CoinMarketCap.

Bitcoin drew attention as spot ETFs recorded a net outflow of $284.36 million the previous day. This marks the second consecutive trading day of net outflows, with only BlackRock's IBIT seeing a net inflow of $29.29 million. Fidelity's FBTC experienced the largest net outflow with $113.64 million withdrawn. Currently, Bitcoin is trading at $95,065.66 on CoinMarketCap, up 0.65% from the previous day.

Tether gained interest after announcing plans to establish its headquarters in El Salvador. To achieve this, Tether plans to first obtain a Digital Asset Service Provider (DASP) license in El Salvador before relocating its headquarters.

Ethereum caught attention as spot ETFs recorded a net outflow of $39.52 million (approximately 57.8 billion KRW) the previous day. This marks the fourth consecutive trading day of net outflows, with only BlackRock's ETHA seeing a net inflow of $12.81 million. Currently, Ethereum is trading at $3,167.43 on CoinMarketCap, down 2.56% from the previous day.

The meme coin Fartcoin on Solana is speculated to have increased online mentions due to a sharp rise in price and market capitalization. Currently, Fartcoin is trading at $1.09 on CoinMarketCap, up 42.91% from the previous day, with its market capitalization also rising 42.91% to approximately $1.08 billion.

Lastly, Coinbase has attracted attention after achieving a partial victory in its regulatory battle with the U.S. Securities and Exchange Commission (SEC). The court criticized the SEC's decision to deny a request for rulemaking related to crypto regulations as "arbitrary and capricious," ordering a review of the matter. Previously, Coinbase had requested the SEC in 2022 to establish rules clarifying the securities status of digital assets, but the SEC's refusal led Coinbase to take legal action.

Additionally, investors are showing interest in USD Coin (USDC), Raydium (RAY), Solana (SOL), Peanut the Squirrel (PNUT), and Dogecoin (DOGE).