Bitcoin firm @SwanBitcoin suspends its mining operations and delays IPO plans amid market volatility. This strategic pause highlights the challenges in the crypto industry and may prompt other firms to reassess their strategies. #Update #CryptoNews
BlackRock’s Bitcoin ETF ($IBIT) saw a $0.5B inflow on July 22, boosting total holdings to $22.5B. The share price surged 20% in two weeks. $IBIT’s inflows hit $2B in 12 trading days, leading the US Bitcoin ETF market. $IBIT now trades nearly $1B weekly. #Update
Bitwise Asset Management will launch its Ethereum ETF ($ETHW) on July 23 on the NYSE, donating 10% of profits to Ethereum development over 10 years. Key recipients are the Protocol Guild and PBS Foundation. Management fee: 0.20%, waived for 6 months on the first $500M. #Update
Spot Ethereum ETFs debuting on July 23 could impact $ETH prices amid market volatility. Grayscale’s ETHE trust conversion into a spot ETF with higher fees may trigger outflows. Volatility rose to 67% for July contracts. #Update #Ethereum
NPC Labs, founded by ex-Coinbase employees, raised $21M led by @PanteraCapital to develop B3.fun on the Base network. The platform supports Ethereum and EVM-compatible games, promising high-speed, low-cost transactions. CEO Daryl Xu aims to expand the team. #Web3 #Update
Injective integrates with OndoFinance, introducing the USDY tokenized treasury instrument. This partnership expands RWA offerings and boosts capital efficiency in Injective’s dApps. Also, Injective launches AINJ with 21Shares, offering exposure to INJ and staking rewards. #Update
CoinShares reports a historic $1.35B inflow into crypto funds, led by $BTC-based products with $1.27B. U.S. sees highest regional inflows at $1.28B. Trading volumes surged 45% to $12.9B, highlighting increased market engagement. #CryptoUpdate
Crypto investment funds attracted $1.35B in inflows, boosting AUM to $97.6B. $ETH saw $45.3M in inflows amid optimism for spot ETFs in the US. $SOL, $XRP, and multi-asset products also gained. Trading volumes surged 45%. The US led with $1.3B inflows. #Update
Nate Geraci, President of ETF Store, predicts the imminent launch of a new spot ETF combining Bitcoin, Ethereum, and Solana, reflecting growing institutional interest in diversified crypto ETFs. Spot Bitcoin ETFs have accumulated over 900,000 BTC ($60B) since Jan 2024. #CryptoETF
Nate Geraci of The ETF Store predicts a combined spot ETF for $BTC, $ETH, and $SOL. With spot Ethereum ETFs launching July 23, the crypto market remains bullish. Meanwhile, Bitcoin prices hit $68K, Ethereum $3550, and Solana $180, with surging trading volumes. #CryptoNews
Bitcoin hits a new high at $67,539, with a 13.4% weekly surge boosting its market cap to $1.32T. Donald Trump to speak at Bitcoin 2024 conference. FTX settles $12.7B with CFTC; WazirX hacked for $235M. $ETH ETF launch may push price to $5K. #Update
Crypto market may rally this week due to key events: the Bitcoin Conference, potential U.S. SEC approval of the Spot $ETH ETF, and expected U.S. Q2 GDP growth to 1.9%. Watch for PCE Inflation data. Trump may announce Bitcoin as reserve asset, boosting $BTC and broader crypto. #CryptoNews
Ethereum ($ETH) surged 15% since July 10, hitting $3,835.43 at its peak. The SEC may approve spot Ether ETFs soon, boosting market credibility. Meanwhile, Tornado Cash sees $2B in deposits despite U.S. sanctions. #CryptoNews
Spot Bitcoin ETFs in the US have hit a milestone with over $17B in YTD net flows as of July 19. $IBIT leads with $1.2B in trading volumes, followed by $FBTC with $410M. Institutional investors drive this growth, with 79% increasing their holdings. #CryptoInvesting
