Technology
ETF
Ethereum ETFs surpass $5 billion in net flows, BlackRock’s ETHA record 6th highest inflow week
Ethereum ETFs took 12 trading days to capture over $1 billion in inflows, beating the previous billion mark by three trading sessions.
NFTs
NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes
PENGU's price is up 3.8x over the second quarter after hitting a yearly low on April 8, contrasting the 45% drop in NFT trading volume.
ETF
BlackRock’s IBIT vaults over $80B in assets, breaks ETF speed record
The record comes amid US-traded spot Bitcoin ETFs touching $1.2 billion in inflows on July 10.
Analysis
Altcoins roar as Bitcoin hits new all-time highs, Cardano and XRP surge over 10%
Along with major cap altcoins, tokens related to NFT applications and artificial intelligence also posted significant gains in the past 24 hours.
Stablecoins
Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe
The protocol was the second-fastest to reach $100 million in revenue, but its main product is still in a regulatory gray area in the US.
Mining
Shareholders push back against high pay for public Bitcoin miner execs after record equity grants
VanEck reviewed filings from eight listed miners and found average named-executive-officer (NEO) compensation climbed from $6.6 million in 2023 to $14.4 million in draft 2024 proxies.
Analysis
Bitcoin climbs to $117k as volatility spikes across markets after compression
Long-term holders continue to add to balances, with supply growth outpacing miner issuance, reflecting a preference to hold coins until a clear price move occurs.
Adoption
Bitcoin treasury adoption up 3x YoY, corporates accumulated 725,000 BTC so far
A Keyrock report priced the treasury company cohort at an aggregate 73% premium to the net value of their coins.
Scams
Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines
The warning comes as retail speculation accelerates on mainland social platforms, where an unofficial “stablecoin concept” stock index has risen 88% since April.
Analysis
Bitcoin registers new all-time high above $113,500, short liquidations continue racking up
ETF inflows and dollar weakness fuel Bitcoin's climb to new highs, driving $50 million in liquidations in less than an hour.
Analysis
Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods
The Binance ETH/USDT perpetual long-to-short ratio slipped to 0.98 on July 9, the first print below parity since April 16, 2023.
ETF
Rex-Osprey Solana staking ETF doubles cumulative inflows to $41M on July 8
Despite the increase, the net inflow amount represents 0.05% of Solana's total market cap, well below the proportions registered by Bitcoin and Ethereum ETFs.