Bitcoin/Ethereum Spot ETF Flows July 23

🔴 Bitcoin ETFs: $85.8M net outflows

🟢 Ethereum ETFs: $332.2M net inflows

[Let the slow rotation from BTC into alts continue]

🚨Japanese AI company Quantum Solutions announced a plan to hold up to 3000 BTC over the next 12 months to hedge against currency and inflation risks amid a weakening yen and global financial instability

[This is the classic inflation hedge trade that sends markets risk-on. Tariff induced hyperinflation abroad, tariff inflation with inflation denial in US. Send everything 🚀]

For even more context and content, anyone reading is welcome to join @monerouncensoredchat. That's where all the bulls hang out and discuss in even more depth all the different scenarios presented here.

🚨Total funds borrowed for leveraged trades in retail margin accounts hit $1 trillion in June, breaking past the 2021 ATH.

[Even higher in July since the short squeeze narrative started going turbo. With risk appetite through the roof, buy the crypto dip!]

🚨Meme stocks push retail's share of trading volumes above 20% for the first time since Q1 2021 [Buy the crypto dip!]

Trump during Fed visit with Powell: I'd love them to lower interest rates

Are you ready for crypto's Snowden moment? In early 2013 the consensus was that encryption was pointless for the average Joe and mostly something for activists, journalists and criminals.

Nobody cares about your messages, Billy. They do those things only to criminals and terrorists, not people like you

But then when Snowden happened and his NSA leaks were dropped, everyone realised that global mass surveillance was real.

That single event created, overnight, the multi-billion dollar encrypted messaging app market. The shift was lightning fast and that's when Signal started gaining momentum and when Telegram was created.

If when Snowden informed the world of PRISM and xKeyscore someone came to you offering an encrypted but compliant messaging app where encryption can be revoked only by law enforcement, would that have qualmed your surveillance worries? I don't think so.

In 2013, "only law enforcement with a warrant can access your messages" stopped working for messaging apps, everyone realized that was code for mass surveillance. As result people started flocking into encrypted messaging apps like Signal and Telegram. The momentum was so strong that even established messaging apps, like Whatsapp, had to eventually give up and offer end to end encryption to be able to compete and survive.

I think we will see the same in crypto although the whistleblower here will most likely involve something like Palantir's Foundery of Crypto and will reveal how everyone that ever completed KYC in a CEX has their entire financially history recorded in a Palantir (or competitor) database.

Everyone will find out that the KYC documentation, such as a photo of the user holding their driving license, and their entire transaction history from chain to chain and even passing through so called "non KYC exchanges", is contained and updated in a Palantir database.

The whistleblower may also reveal how Foundry of Crypto can reverse dox social media users from addresses they shared on social media (to participate in an airdrop or to receive a tip). This allows profiling based on political views or other information shared on social media. Said information is then used to determine police response time in case of emergency at their address, or to profile them for employment, scholarships, visas etc.

When that Snowden moment comes, which I think is going to be soon, a trillion dollar market for a private-through-encryption cryptocurrency will be created overnight. That's why you should not sleep on privacy and on trying to hunt down the strongest privacy tech out there today (spoiler: it's not XMR, ARRR, or ZEC, or any of the VC-funded compliant L2s).

Contrary to what they tell you on MSM, people care a lot about privacy. Privacy is an instinct that no amount of money, psychological manipulation or delusional billionaires shouting I-don't-think-so can take away from human nature.

P.S.: Kryptoid has released a pre-compiled beta of the DERO CLI wallet with fixed randomness reuse. It is a pre-release but much more accessible for anyone wanting to test the beta since it's pre-compiled. This also means we're getting really close to a beta release that would allow anyone to leverage the full capabilities of the most advanced privacy protocol out there today.

Bitcoin/Ethereum Spot ETF Flows: 24 July 2025

🟢Bitcoin ETFs: $226.7M net inflows

🟢Ethereum ETFs: $231.2M net inflows

This is ETH's 15th consecutive day of net inflows. Of the total $8.8bn net inflows since Eth's ETF listing, $4.1bn came in over the last 15 days. [Buy the crypto dip!]

Total stablecoin market cap: $265bn [+10bn in 2 weeks]

🚨WHY STABLECOIN ISSUERS HAVE EFFECTIVELY BECOME SIFIs (exclusive analysis by @bullcase) The GENIUS act makes holding a regulated stablecoin safer than keeping dollars in a bank through the following provisions:

1) Requires stablecoin issuers to hold an official license from the US government
2) Imposes monthly audits
3) Mandates strict 1:1 backing for every token, either in cash or US Treasury securities
4) Requires issuers to redeem stablecoins at par value upon request

Unlike traditional banks, stablecoin issuers are not authorized to lend out the money deposited by investors. As a result, their reserves are not fractional.

Stablecoin issuers provide critical infrastructure in the US Treasury market and GENIUS now defines them as even less risky than some systemically important financial institutions (SIFIs).

The GENIUS Act not only confirms our bull thesis that stablecoins will act as an unprecedented liquidity flywheel, but expands it by establishing a systemic incentive for liquidity to be displaced from banks into stables (and therefore crypto) by effectively redefining them as an emergent regulatory class of SIFIs.

Goldman's speculative trading indicator has seen one of the sharpest increases on record.

➡️Signal: short term consolidation followed by a longer term rally [Based on this indicator there is around one year of bull left from here]

The inflation hedge signal (pictured in our post from 23 July) should trigger next week when June's core PCE officially crosses over the Financial Conditions Index (assuming projections are correct).

Because Trump has successfully cornered the Fed, supported by recessionary signals in bankruptcy and labor market data, our base case has shifted from expecting a bullish outlook over the next 3 months (driven by dovish patience) to a bullish outlook over the next 12 months (in anticipation of a dovish pivot).

This puts us on the same trajectory as the '99 Dot Com bull market, with which there has already been a strong correlation since early 2023.