BTC Spot ETF Sees Continuous Inflow for 3 Trading Days...'218.5 Billion Won'
According to Trader T, on the 28th (local time), $157.02 million (218.5 billion won) was net inflows into the US BTC Spot ETF. This marks the third consecutive trading day of net inflows. BlackRock IBIT received $147.37 million, Fidelity FBTC received $30.88 million, and Grayscale Mini BTC received $10.98 million, while Bitwise BITB and ARK Invest ARKB saw net outflows of $14.76 million and $17.45 million, respectively. Other ETFs had no net inflows or outflows.
ETH Spot ETF Sees Continuous Inflow for 17 Trading Days...91.5 Billion Won
According to Trader T, on the 28th (local time), $65.77 million (approximately 91.5 billion won) was net inflows into the US ETH Spot ETF. This marks the 17th consecutive trading day of net inflows. BlackRock ETHA received $132.58 million in net inflows, while Fidelity FTEH saw $49.23 million and Grayscale ETHE saw $17.58 million in net outflows.
Amber Group Withdraws $59.75 Million ETH from Exchanges
On-chain analyst ai_9684xtpa reported that an estimated Amber Group address withdrew a total of 15,814 ETH ($59.75 million) from Binance, OKX, and Gate.io in the past hour. The address currently holds 18,463 ETH, worth approximately $70.05 million.
Galaxy Digital Wallet Withdraws 3,800 BTC in 12 Hours
Look On Chain reported that 3,782 BTC ($447 million) was withdrawn from the Galaxy Digital Wallet in the past 12 hours, with most being deposited into exchanges. Recently, Galaxy Digital disclosed that they disposed of approximately 80,000 BTC ($9 billion) "on behalf of an anonymous early BTC holder".
Anonymous Whale Purchases $48.06 Million ETH
Amber CN reported that an anonymous whale (starting with 0x286) purchased an additional 12,749 ETH ($48.06 million) through Falcon X 7 hours ago. The address has accumulated a total of 80,174 ETH (worth approximately $300 million) over the past 4 days since the 25th.
Anonymous Whale Withdraws $49.25 Million ETH from Falcon X
On-chain Lens reported that an anonymous whale withdrew 12,749 ETH ($49.25 million) from Falcon X today. This whale currently holds 80,174 ETH ($300 million). Typically, withdrawing from exchanges is interpreted as a holding purpose.
Coinbase Negotiating Acquisition of Indian Exchange CoinDCX
Aggr News, citing Bloomberg, reported that Coinbase is in final negotiations to acquire the Indian cryptocurrency exchange CoinDCX. CoinDCX recently suffered a $44 million loss due to a hack.
Circle Partners with US Fintech Company FIS
Bloomberg reported that USDC issuer Circle has established a partnership with US fintech company FIS. Through this collaboration, FIS will introduce USDC payment functionality to its integrated payment network platform, Money Movement Hub.
ARK Invest Purchases $20.10 Million in Bitmain Stock
ARK Investment, led by Cathie Wood, announced via X that they purchased additional Bitmain stock worth $20.10 million on the 28th (local time). Along with this, they sold Robinhood stock worth $12.62 million and Coinbase stock worth $6.90 million.
Bakkt Plans to Raise Funds for BTC Investment
Unfolded reported that cryptocurrency trading and custody platform Bakkt (BKKT) plans to raise funds through Class A common stock. The fundraising amount was not disclosed, but the funds are expected to be used for BTC and other cryptocurrency investments and operational expenses. Following this news, Bakkt's stock price dropped over 30% in after-hours trading. Previously, Bakkt had announced plans for a $1 billion capital increase to purchase BTC.
371,212,655 USDT Transferred... OKX โ Anonymous
According to Whale Alert, 371,212,655 USDT was transferred from an OKX address to an anonymous address, amounting to $370 million.
Bank of Korea Establishes Virtual Asset Division
Yonhap News reported that the Bank of Korea will rename the Digital Currency Research Office under the Financial Settlement Department to the Digital Currency Office. Additionally, they will launch a 'Virtual Asset Division' under the Financial Settlement Department to respond to discussions on won-based stablecoin legislation. A Bank of Korea official stated, "Through the Virtual Asset Division, we will respond to discussions on stablecoins and virtual assets, and perform collaborative work with the government and National Assembly during the legislative process."
Chicago Options Exchange Submits INJ ETF Filing
The Block reported that the Chicago Options Exchange (CBOE) submitted an exchange rule change proposal (19b-4) to the US Securities and Exchange Commission (SEC) for listing the Canary Capital INJ Staking ETF.
CryptoPunks NFT Trading Volume Highest Since March 2024
The Block reported that CryptoPunks NFT trading volume last week reached $24.6 million, the highest weekly trading volume since March last year. This represents a 416% increase from the previous week. The floor price was 47.5 ETH, with an average sale price of $182,000. Previously, NASDAQ-listed media entertainment company GameSquare purchased CryptoPunk #5577 using $5.15 million worth of preferred stock.
Fed's Unofficial Spokesperson: "Not Prepared for Rate Cut This Week"
Nick Timiraos, a Wall Street Journal reporter known as the Fed's unofficial spokesperson, stated on X that "the Fed is not prepared to cut rates this week. Previously, FOMC members were united when they stopped rate cuts due to concerns about inflation from tariffs. However, after observing more moderate price increases and signs of a contracting job market, members are showing differences in opinion about resuming rate cuts. The market's attention is focused on whether Fed Chair Jerome Powell will provide hints about a September rate cut."
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
Recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation ratio are as follows:
ETH Liquidation Amount: $140 million, Liquidation Ratio: Long 78.4%
BTC Liquidation Amount: $38.31 million, Liquidation Ratio: Long 84.98%
SOL Liquidation Amount: $27.88 million, Liquidation Ratio: Long 87.72%
Altcoin Season Index at 39...Down 4 Points from Previous Day
The 'Altcoin Season Index' from the comprehensive virtual asset information platform CoinMarketCap recorded 39, down 4 points from the previous day. The Altcoin Season Index is determined by comparing the price fluctuation rates between the top 100 coins (excluding stablecoin and wrapped coins) and BTC. If 75% of the top 100 coins have a higher growth rate than BTC over the past 90 days, it is considered an altcoin season; otherwise, it is a BTC season. The closer to 100, the more it is seen as an altcoin season.
Crypto 'Fear and Greed Index' at 73... Greed Continues
The 'Fear and Greed Index' from cryptocurrency data provider Alternative recorded 73, down 2 points from the previous day, maintaining the greed stage. The index indicates extreme market fear when closer to 0 and extreme optimism when closer to 100. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), BTC market cap proportion (10%), and Google search volume (10%).
Coinbase Adds BIO and EUL to Listing Roadmap
Coinbase added BIO and EUL to its listing roadmap.
Bithumb Lists C
Bithumb announced that it will list the Chainbase Token (C) in the KRW market on July 29 at 5 PM.
