๐บ๐ธ๐ USA - Durable Goods Orders (June) = +0.3% m/m (exp +1.6% / prior -4.5%) #macro
๐ฐ๐ค Kraken parent Payward acquired Magic Labsโ embedded wallet business through an asset purchase. The business will move to Payward Services, while Magic Labs will become Newton Labs and focus on Newton Protocol. Magic previously raised over $80 million, including a $52 million round led by PayPal Ventures in 2023. Financial terms were not disclosed.
๐จโ๐ป #USDC Circle acquires around 1000 IBM patents covering blockchain infrastructure, banking, payments, insurance, supply chains, and secure cloud operations.
The company stated that the deal makes it the largest holder of blockchain patents in the US and will support products such as USDC, Circle Payments Network, Arc, and agency financing tools.
The company stated that the deal makes it the largest holder of blockchain patents in the US and will support products such as USDC, Circle Payments Network, Arc, and agency financing tools.
๐ Punchbowl News Senior Reporter Brendan Pedersen reports they "still expect an initial vote before August 7" for the Clarity Act.
๐ #BTC Bitcoin long-term-holder supply climbed to an all-time high of 14.85 million BTC at the end of Q1, according to Ark Invest. Conviction continues to grow.
๐บ๐ธ๐ Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: -3,824 $BTC (-$246.68M)
7D NetFlow: +253 $BTC (+$16.65M)
Ethereum ETFs:
1D NetFlow: -43,284 $ETH (-$83.23M)
7D NetFlow: +46,190 $ETH (+$88.82M)
Bitcoin ETFs:
1D NetFlow: -3,824 $BTC (-$246.68M)
7D NetFlow: +253 $BTC (+$16.65M)
Ethereum ETFs:
1D NetFlow: -43,284 $ETH (-$83.23M)
7D NetFlow: +46,190 $ETH (+$88.82M)
๐ $BTC rebounded from $64K to $65.1K but remains range-bound. Softer leverage, ETF outflows, and muted on-chain activity signal cautious consolidation despite resilient holders. #etf
๐ฃ Federal Reserve is not projected to cut interest rates at this week's FOMC meeting. #macro
๐ #ONDO Ondo Finance has launched the Ondo Network, a new level of order execution designed to combine the speed comparable to CEX with non-custodial trading and blockchain-based settlements.
๐ฎ๐ท๐บ๐ธ Trump: There is a chance that we can make a deal with Iran.
๐ BlackRock moved over $271M worth of crypto to Coinbase Prime, likely to sell.
Their ETF wallets transferred:
โข 3.31K $BTC (~$215.93M)
โข 28.37K $ETH (~$55.68M) #etf
Their ETF wallets transferred:
โข 3.31K $BTC (~$215.93M)
โข 28.37K $ETH (~$55.68M) #etf