BTC Spot ETF Sees $296.3 Million Net Inflow...3 Consecutive Trading Days
According to TraderT, on the 7th (local time), the US Bitcoin spot ETF recorded a net inflow of $216 million (296.3 billion won). This marks the third consecutive trading day of net inflow. BlackRock IBIT saw a net inflow of $164.3 million, Fidelity FBTC received $66.05 million, and Grayscale BTC had $6.22 million net inflow. ARK Invest ARKB experienced a net outflow of $10.07 million, and Grayscale GBTC saw $10.21 million net outflow.
ETH Spot ETF Sees $83.9 Million Net Inflow...2 Consecutive Trading Days
According to TraderT, on the 7th (local time), the US Ethereum (ETH) spot ETF recorded a total net inflow of $61.26 million (approximately 83.9 billion won). This is the second consecutive trading day of net inflow. BlackRock ETHA saw a net inflow of $52.36 million, and Fidelity FETH received $8.9 million. Other ETFs had no net inflow or outflow.
Anonymous Whale Deposits $230 Million ETH to Exchanges in a Month
AmberCN reported that an address believed to be an institutional investor deposited a total of 95,313 ETH ($230 million) to centralized exchanges over the past month. If this amount were to be sold, it is estimated to result in a loss of approximately $40.41 million. Generally, deposits to exchanges are interpreted as intent to sell, while withdrawals are seen as holding purposes. However, exchange deposits do not necessarily lead to selling.
53 Institutions Obtain MICA License in Europe...Binance and Tether Not Yet
Patrick Hansen, Circle's EU Regional Regulatory Director, shared on X that a total of 53 institutions have obtained the European Union's MICA License. Among these, 14 companies have received approval to issue stablecoins or electronic money tokens (EMT). Companies with MICA License include Circle, Robinhood, Coinbase, Kraken, and OKX, while Binance and Tether have not yet obtained it.
US Lobby Group Urges House to Support 'Digital Assets Market Act'
The Block reported that the US non-profit crypto lobby group Stand With Crypto sent a letter to US House representatives requesting support for the comprehensive regulatory bill 'Digital Assets Market Act (CLARITY)'. The group emphasized that "lack of action and uncertainty can jeopardize the future of the US economy. What we need now are clear rules and market structure to support developers, users, and industry professionals in continuing innovation." Over 65 organizations, including Stand With Crypto, Mysten Labs, Archetype, and OpenSea, co-signed the letter.
Streamex and BioSig Enter Real-World Asset Tokenization Business
Nasdaq-listed Streamex and medical device company BioSig Technologies announced they have secured up to $1.1 billion in growth funding and will enter the real-world asset (RWA) tokenization business. The two companies plan to use the secured funds to hold physical gold and build an RWA tokenization platform based on Solana (SOL).
Dubai Approves Qatar National Bank's 'Tokenized MMF'
CoinDesk reported that the Dubai Financial Services Authority (DFSA) approved the QCD Money Market Fund (QCDT) jointly created by Qatar National Bank and DMZ Finance. This is the first tokenized money market fund to be traded in the Dubai International Financial Centre (DIFC). Qatar National Bank will handle investment strategy and asset procurement, while DMZ Finance will provide technology.
Bithumb Provides Rewards to VIP Members and Allegedly Inflates Trading Volume
According to the crypto industry, Bithumb is providing 'Special Maker Rewards' to some high-volume members, which were officially discontinued on June 1st, as reported by Chosun Biz. Bithumb notifies these investors of exclusive events and creates liquidity for certain coins, paying 500,000 won per coin daily. A Bithumb representative explained it as a small-scale event to activate trading for customers with significantly reduced trading volume, conducted as a typical corporate marketing activity without separate notice.
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
Recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation ratio are as follows:
BTC Liquidation Scale: $35.29 million, Liquidation Ratio: Long 87.35%
ETH Liquidation Scale: $33.17 million, Liquidation Ratio: Long 76.71%
VIC Liquidation Scale: $12.34 million, Liquidation Ratio: Short 78.97%
Hyperliquid Whale Opens 40x BTC Short Position
Spot OnChain reported that a famous whale (starting with 0x5D2F) who earned $13.6 million in profits on Hyperliquid has opened a 40x BTC short position. The entry price is $107,926.6, with a liquidation price of $116,510. Current unrealized loss is approximately $1.17 million.
UXLINK Proposes Partial Transfer from Arbitrum and TON
Web3 social platform UXLINK announced on X that a governance proposal has been filed to transfer a portion of UXLINK supply from Arbitrum (ARB) and TON Network to BNB Smart Chain (BSC) and PancakeSwap (CAKE). The transfer ratio will be determined later.
CBOE and Canary Fund Submit Modified ETF Registration for Pudgy Penguins
James Seyfarth, a Bloomberg analyst, shared on X that the Chicago Board Options Exchange (CBOE) and crypto investment firm Canary Fund have submitted a modified 19b-4 exchange rule change filing to the US Securities and Exchange Commission (SEC) for the launch of a Pudgy Penguins (PENGU) ETF.
Binance Temporarily Suspends CELO Deposits and Withdrawals
Binance announced on its official website that it will temporarily suspend deposits and withdrawals for CELO due to network upgrade and hard fork on the 9th at 23:00 (Korean time).
Pump.fun Deletes Announcement for Own PUMP Token Sale
According to Decrypt, the notice for the PUMP Token sale of the Pump.fun meme coin platform based on Solana, which was previously posted on Gate.io, appears to have been deleted. Previously, Gate.io had announced that the PUMP Token sale would be held for 72 hours starting from July 12.
Altcoin Season Index at 26...Down 1 point from previous day
The 'Altcoin Season Index' from the comprehensive cryptocurrency information platform CoinMarketCap recorded 26, down 1 point from the previous day. The Altcoin Season Index is determined by comparing the price fluctuations between the top 100 coins (excluding stablecoins and wrapped coins) and Bitcoin. If 75% of the top 100 coins have a higher growth rate than Bitcoin over the past 90 days, it is considered an altcoin season; otherwise, it is considered a Bitcoin season. The closer to 100, the more it is seen as an altcoin season.
Crypto 'Fear and Greed Index' at 65...Greed Continues
The self-calculated 'Fear and Greed Index' from cryptocurrency data provider Alternative recorded 65, down 8 points from the previous day. The greed stage continued. The index indicates extreme market fear closer to 0 and extreme optimism closer to 100. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap proportion (10%), and Google search volume (10%).
White House: "Trump Signs Administrative Order Extending Tariff Deadline to 8/1"
The White House announced that "President Donald Trump has signed an administrative order extending the tariff deadline originally scheduled for July to August 1".
Analysis: "BTC, Optimism Spreads for Breaking $120,000"
An analysis suggests growing expectations that BTC will break through $120,000. According to Cointelegraph, analyst Ted stated, "BTC is undervalued relative to global money supply. If this correlation is maintained, BTC has sufficient potential for growth." Generally, there is a strong correlation of over 80% between BTC and global liquidity, with Bitcoin tending to lag the M2 money supply by about 60 days. Cointelegraph added, "Last weekend, put option demand temporarily spiked on Deribit, with the put/call ratio reaching a 1-year high, but later dropped to 0.8, shifting to call option dominance. Futures premium also temporarily dropped to 3.5% over the weekend before recovering to over 5%. This suggests an overall improvement in investment sentiment."
