On July 5, the total net inflow of Bitcoin spot ETFs was $143 million. Grayscale ETF GBTC had a net outflow of $28.5713 million on a single day, Fidelity ETF FBTC had a single-day inflow of $117 million, and Bitwise ETF BITB had a single-day inflow of $30.1948 million.

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Grayscale survey shows that if the Ethereum (spot) ETF is approved, nearly 25% of potential US voters will be more interested in investing in Ethereum.

Nearly half of voters (47%) expect to include cryptocurrencies in their portfolios, up from 40% at the end of last year.

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CryptoQuant CEO Ki Young Ju: Government Bitcoin selling is overestimated. $224B has flowed into this market since 2023.

Government-seized BTC contributes about $9B to the realized cap. It's only 4% of the total cumulative realized value since 2023. The realized cap represents the total capital that has entered the market.

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📊 Stablecoins surpass Visa!

In Q2 2024, #stablecoins processed more payment volume than #Visa.

Now what about a fully decentralized, asset-agnostic, multi-network payment gateway?

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Cardano's Chang Hard Fork is set for the end of July!

This upgrade aims to introduce decentralized, community-run governance.

Once 70% of stake pool operators test and update, the fork will proceed. #Cardano's last hard fork, #Alonzo, boosted $ADA by 130% in 2021.

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FOR THE FIRST TIME EVER ... THE TOP 10 LARGEST STOCKS NOW HAVE A COMBINED MARKET CAP OVER $20 TRILLION

The top 10 largest stocks in the world are now worth a combined $20.34 Trillion up from $19.49T 2 weeks ago

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Justin Sun: Our team is developing a new solution that enables gas-free stablecoin transfers. Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins.

This innovation will first be implemented on the Tron blockchain and later support Ethereum and all EVM. We anticipate launching this service in Q4 of this year.

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🇷🇺 World Bank upgrades Russia to high-income nation with gross income per capita at $14,250 annually.

Russia now has the 4th largest economy in the world in terms of purchasing power parity, despite 2 years of western sanctions.

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According to Laqira Protocol, #LQR #BNB    #LINK #BTC    #ETH #USDT and #USDC listed on LaqiraPay.

LaqiraPay is a fully decentralized, asset-agnostic, multi-network payment gateway with enhanced flexibility and security through blockchain technology (ChainLink price feeds), offering transparent financial statements and in-app wallet features for users.

Link: LaqiraHub.com

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​​One Billion Worth of Tokens To Be Unlocked Next Week 🔓

The following tokens with the largest unlock amount will be unlocked next week:

WhiteBIT Coin - $366.75M
Cheelee - $228.27M
Aptos - $65.76M
Immutable - $42.55M
Ethereum Name Service - $35.52M
Internet Computer - $16.98M
Aethir - $9.20M

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​*U.S. PRESIDENT JOE BIDEN SAYS HE HAS MENTAL CAPACITY TO SERVE ANOTHER TERM

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*MACQUARIE: SEPTEMBER RATE CUT A 'STRONG POSSIBILITY

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solana Q2 2024 Financial Report

Solana's fees and revenue experienced significant growth in the second quarter, generating over $26M, a more than 42x increase YoY

The total SOL trading volume reached $292B, nearly 7x higher compared to the same period last year

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🚀 Efficient payment processing is a key factor in achieving higher #CustomerSatisfaction .

🚀 LaqiraPay excels in providing a seamless and efficient payment experience by leveraging cutting-edge #Blockchain technology.

✨ With rapid and secure transaction processing, customers enjoy a smooth checkout process without unnecessary delays.

link: LaqiraHub.com

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Key Events This Week:

1. Fed Chair Powell Testifies - Tuesday

2. OPEC Monthly Report - Wednesday

3. June CPI Inflation data - Thursday

4. June PPI Inflation data - Friday

5. Michigan Consumer Sentiment data - Friday

6. Total of 9 Fed speaker events this week

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What is the PPI Index?

The PPI measures price changes from the perspective of the seller rather than the buyer. It tracks the prices that producers receive for goods and services at various stages of production, providing insights into inflationary pressures in the economy.


Components:

The PPI includes various sub-indices, such as:

Finished Goods: Prices of goods that are ready for sale to the final consumer.

Intermediate Goods: Prices of goods that require further processing before becoming finished goods.

Crude Goods: Prices of raw materials used in production.


Interest Rates:

If the PPI indicates rising inflation, the Federal Reserve may respond by raising interest rates to control inflation. Higher interest rates attract foreign investment, increasing demand for the USD and strengthening the currency.

Conversely, if the PPI indicates low or falling inflation, the Fed may keep interest rates low or even cut them to stimulate economic activity, which can weaken the USD.


Market Sentiment:

Positive PPI data (indicating moderate inflation and economic growth) can enhance market sentiment, leading to increased demand for U.S. assets and a stronger USD.

Negative PPI data (indicating deflation or weak economic activity) can dampen market sentiment, reducing demand for U.S. assets and weakening the USD.

The Producer Price Index is a critical measure of inflation from the perspective of producers. Its readings provide valuable insights into future consumer price inflation and the overall economic outlook.

Nate Geraci, president of The ETF Store, said he would be shocked if the spot Ethereum ETF was not listed and traded in the next two weeks.

The spot Ethereum ETF may be launched later next week, but it is more likely to be the week of July 15. ETH prices have fallen by more than 20% since the unexpected approval of the 19b-4 form in late May.

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