Investor sentiment in the US digital asset market is shifting, with Ethereum exchange-traded funds (ETFs) attracting fresh inflows while Bitcoin-based products face outflows. According to data from SoSo Value, US-listed Ethereum ETFs saw a combined inflow of $296.5 million on July 21, marking one of the asset class’s strongest single-day performances. Fidelity’s FETH led the…
Tron founder Justin Sun is finally heading to space, nearly four years after spending $28 million for a seat aboard Blue Origin’s New Shepard. On July 21, Sun confirmed he would be among six passengers on the company’s upcoming NS-34 mission. This mission will mark Blue Origin’s 34th flight and 14th human-crewed launch. Real estate…
Cathie Wood’s Ark Invest has shifted its crypto-focused investment strategy, reducing its holdings in Coinbase, Robinhood, and Block in favor of BitMine Immersion, an Ethereum-focused treasury firm. According to Ark’s July 21 trading disclosures, the firm added 4.4 million BitMine Immersion (BMNR) shares to three of its actively managed exchange-traded funds (ETFs). This marks a notable strategic…
Bitcoin-focused treasury firm Strategy has introduced a new class of perpetual preferred shares, the Series A Variable Rate Stretch Preferred Stock (STRC), according to a July 21 statement. According to the firm, it plans to issue five million STRC shares at a face value of $100 each, pending regulatory clearance and market conditions. STRC vs…
Despite trading below its ICO price, PUMP continues to punch above its weight in fundamentals, generating $10.2 million in weekly fees, enough to place in the top 20 globally in crypto fee rankings. Analysis from Ignas highlights that the performance is largely powered by PumpSwap, the protocol’s native DEX, which drives half of all fee…
JPMorgan Chase is reportedly preparing to offer loans backed by client-held digital assets, including Bitcoin and Ethereum, marking a direct engagement with crypto collateralization by a global systemically important bank for the first time. The plan, reported by the Financial Times and Reuters, would expand an existing effort by the bank to accept spot Bitcoin…
More than 913,111 ETH has been permanently lost due to user and contract-related errors, according to Conor Grogan, a director at Coinbase. At current prices, that amounts to approximately $3.43 billion in inaccessible assets, which represent over 0.76% of Ethereum’s total circulating supply. Grogan highlighted several major incidents that have contributed to this significant number…
Altcoins advanced sharply last week while Bitcoin (BTC) held near record levels, shifting market leadership toward higher-beta tokens, according to the latest edition of the “Bitfinex Alpha” report. Bitcoin reached an all-time high of $123,054, a 65% climb from its April low, before entering a sideways range between $116,000 and $120,000. As the flagship crypto…
BitGo has filed confidential paperwork with the U.S. Securities and Exchange Commission (SEC) for a potential initial public offering, signaling its intent to enter public markets amid renewed momentum in the digital asset sector. The company’s Form S-1 submission does not include share counts or pricing details, and the offering remains contingent on regulatory review…
Jito Labs published a proposal for a Block Assembly Marketplace (BAM) on July 21, a transaction-sequencing system that would enable developers to run central-limit order books, perpetual exchanges, and dark pools on Solana without altering the base protocol. The design introduces a network of BAM Nodes that sit beside the existing validator set, order encrypted…