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US spot Ethereum ETFs see $152 million in net outflows on third day — link | tl;dr

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Bitstamp has started distributing Mt Gox claims — link

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On July 24th, second trading day, US spot Ethereum ETFs saw net outflows of $133 million — link

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Hashdex files S1 for an ETF that holds Bitcoin and Ethereum, leaves door open for other assets — link | tl;dr

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Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference — link | tl;dr

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👥 If you have Telegram premium pls give a boost ❤️

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Ethereum max pain price $3,400, $1.73 billion notional value, put/call ratio 0.47

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US spot Ethereum ETFs saw net inflows of $106.7 million on first trading day — link | tl;dr

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DAY ONE for ETH ETFs, who did $1b in total volume, which is 23% of what the spot bitcoin ETFs on their first day.

$ETHA did 25% of $IBIT's volume. The gap between $ETHE and The Newborn Eight is +$625m (a sizable chunk of which *should* convert to inflow) — link

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Kraken has started distributing Mt Gox coins — link

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SEC signs off spot Ethereum ETFs for trading tomorrow — link | tl;dr

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The German Government is now out of Bitcoin — link

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Q3 tends to be the weakest seasonal period in BTC, whereas Q4 tends to be the strongest. BTC will have to endure supply distribution from bankruptcy estates in Q3.

Q4 is prone to offer strength stemming from the U.S. election, halving effects coming into play, cash distributions from the FTX estate, and easing macro conditions — link

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SEC drops Paxos investigation and decides BUSD is not a security — link | tl;dr

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Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense — doj | theblock | tl;dr

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After two days of trading since the product launch, we have seen inflows of $801 million.

However, there were significant outflows from the original Grayscale closed-end fund, totalling $820 million.

These outflows, where the discount to NAV has locked clients in for many years, result in net outflows of $19 million — link

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Michael Novogratz’s Galaxy raises $113 million for a new crypto venture fund — link | archive

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Sygnum's first-half spot crypto trading doubles, derivatives increase 500% — link | tl;dr

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Weekly USDC transfers on Base have grown to ~$20B — link

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Bitstamp will start distributing Bitcoin and Bitcoin Cash to Mt Gox creditors on July 25

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This Friday 8 AM UTC, 60K $BTC are set to expire on Deribit with a notional value of $3.99 billion.

Max pain price $63,000, put/call ratio: 0.62

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Crypto custodian Hex Trust receives in-principle MPI license approval in Singapore — link | tl;dr

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https://fixupx.com/EricBalchunas/status/1815848912185377005

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Blackrock's IBIT sees daily inflows of over $500M

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Digital asset investment products saw further buying with inflows of $1.35bn last week, bringing the last 3 week run of inflows to $3.2bn — link

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Token distribution protocol ZAP reaches $100 million valuation with latest funding — link | tl;dr

Disclaimer: @unfolded is an investor

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SEC allows some exceptions to crypto accounting rule compliance, opens path for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets — link

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President Donald j. Trump to speak at Bitcoin 2024 conference in Nashville on July 27th — link

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Yesterday, US spot Bitcoin ETFs saw $216 million in net inflows — link

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