🪙 Trump Memecoin Wallet Canceled Amid Family Feud

🚨 The announcement regarding the Trump memecoin wallet was made by the president's son, Eric Trump, after a series of warnings to the company behind the wallet. This comes amidst a public dispute involving U.S. President Donald Trump, Tesla CEO Elon Musk, and the Trump family.

💰 The Trump memecoin, launched by entrepreneur and Trump supporter Bill Zanker in January, quickly became the most successful memecoin on the market. However, tensions arose when Fight announced a partnership with Magic Eden to launch a new wallet for the memecoin. Eric Trump and Donald Trump Jr. publicly opposed the project, stating that their family's crypto firm, World Liberty Financial (WLFI), plans to launch its own wallet.

📜 Following this, WLFI sent a cease-and-desist letter to Fight. Eric Trump later announced that the wallet launch had been canceled but revealed that WLFI would make a significant investment in Fight's Trump token. He stated,

I am proud to announce the $TRUMP memecoin has aligned with World Liberty Financial... we’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their long-term treasury.

🤔 Bitcoin reached out to Magic Eden for comments but has not yet received a response.

🚀 Michael Saylor's Optimistic Bitcoin Forecast

📈 Michael Saylor, the executive chairman of Microstrategy, recently shared his bullish outlook on Bitcoin during a CNBC interview. He projected a 30% annual growth for the next two decades, citing increasing institutional adoption, tightening supply, and regulatory clarity as key factors driving his optimism.

I'm getting more bullish on that forecast. I'm certainly comfortable forecasting 30% a year on average for the next 20 years,

Saylor stated. He recalled his previous $13 million Bitcoin price forecast for July 2024, which was based on a 29% annual appreciation over 21 years. At that time, Bitcoin was trading around $65,000. With current prices exceeding $100,000, Saylor's confidence has only grown.

🔍 Saylor pointed to several macroeconomic and regulatory changes that he believes strengthen Bitcoin's investment case. These include its official classification as a digital commodity by U.S. regulators, the adoption of fair value accounting rules, and new legal clarity for banks offering Bitcoin custody services. He noted,

There's like 100 public companies or more. They're holding Bitcoin on their balance sheet.

This indicates a shift in corporate treasury management strategies towards Bitcoin.

💰 Supply dynamics also play a crucial role in Saylor's outlook. He highlighted that only 450 new bitcoins are mined each day, amounting to approximately $45 million to $50 million at current prices. This limited issuance is being fully absorbed by institutional buyers, including ETFs and corporations.

📊 Comparing asset class performances, Saylor pointed out Bitcoin's 57% compound annual return over the past four and a half years, which is twice that of the Magnificent Seven stocks, four times the S&P 500, and eight times the real estate average. He concluded that Bitcoin's growth outlook may exceed earlier assumptions, stating emphatically,

I'm very bullish.

🛡 Bitget's 2025 Anti-Scam Research Report: A Call for Enhanced Security in Cryptocurrency

📈 Bitget, a leading cryptocurrency exchange, has unveiled its 2025 Anti-Scam Research Report, revealing a staggering $4.6 billion loss due to crypto scams in 2024. This report, produced in collaboration with SlowMist and Elliptic, highlights the increasing sophistication of scams, particularly through deepfake technology and social engineering.

🔍 The report categorizes scams into three main types: deepfake impersonation, social engineering schemes, and Ponzi-style projects disguised as DeFi or NFT ventures. It also details the complex methods used by scammers to launder stolen funds, which often involve cross-chain bridges and obfuscation tools.

🗣

The biggest threat to crypto today isn’t volatility—it’s deception,

said Gracy Chen, CEO of Bitget. She emphasized the importance of the Anti-Scam Month initiative, stating that AI has made scams faster, cheaper, and harder to detect.

Our goal is to help users trade smarter, not just faster,

she added.

🛠 The report outlines Bitget's proactive measures against scams, including the Anti-Scam Hub, advanced detection systems, and a $500M+ Protection Fund. Insights from SlowMist and Elliptic shed light on various scam tactics and the laundering patterns of stolen cryptocurrency.

Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities,

warned Arda Akartuna, Lead Crypto Threat Researcher at Elliptic.

Users must be informed, skeptical, and security-minded at all times,

added Lisa from SlowMist.

📋 The report concludes with practical recommendations for users and institutions to recognize scam red flags and avoid common pitfalls in DeFi, NFT, and Web3 environments.

⚠️ Bank of Ghana Warns Against Unlicensed Digital Payment Platforms

🚫 The Bank of Ghana (BoG) has issued a warning to the public and financial institutions about two digital payment platforms, Yellowpay and Hanypay, affiliated with Yellow Card. In a notice dated June 11, the central bank stated that these platforms are operating without the required licenses and approvals in Ghana.

❌ The BoG emphasized that Hanypay is neither licensed nor authorized to operate within the country. The notice concluded by urging all stakeholders to immediately cease any engagement with Yellow Card and Hanypay Ghana.

💰 JPMorgan's JPMD Token: A New Era for Onchain Banking

🚀 JPMorgan Chase & Co. has announced the launch of a pilot for its JPMD token, a digital deposit token representing U.S. dollar holdings. This move marks a significant expansion of the bank's blockchain operations into public infrastructure. The announcement followed the bank's filing for a service mark for JPMD, indicating its intent to formalize and commercialize the product.

🔗 As part of the pilot, JPMorgan will transfer a fixed amount of JPMD from its digital wallet to Coinbase Global Inc., the leading U.S. crypto exchange. This transaction will occur on Base, a blockchain built as an Ethereum Layer 2, decentralized with the Optimism Superchain, and incubated by Coinbase. Initially dollar-denominated, JPMD may expand to include other currencies and broader access depending on regulatory approval.

📢

Welcome onchain, JPMorgan

said Coinbase.

J.P. Morgan is bringing banking onchain. Kinexys by JPMorgan is launching JPMD, a USD deposit token for institutional clients, on Base. It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties

Base detailed.

📝 The JPMD token is unique as it directly represents claims on commercial bank deposits, offering potential features such as interest and deposit insurance. Naveen Mallela, global co-head of Kinexys by JPMorgan, stated:

It’s the first time that a commercial bank is putting commercial money, a deposit-based product, on a public chain and we are starting with Base

He emphasized that

from an institutional standpoint, deposit tokens are a superior alternative to stablecoins. Because they are based on fractional banking, we think it is more scalable

🔄 This pilot builds on JPMorgan’s existing Kinexys Digital Payments platform, which facilitates over $2 billion in daily corporate transactions. With JPMD, the bank aims to provide institutional clients with compliant and efficient alternatives to stablecoins, amidst a regulatory environment increasingly open to blockchain innovation.

🇺🇸 Donald Trump Calls Jerome Powell An American Disgrace Over Rate Cut Delays 📊

👉 Read more

🌍 Visa's Bold Move: Embracing Stablecoins for Global Payments

💡 On June 18, Visa (NYSE: V) made a significant announcement regarding the future of financial transactions, highlighting the urgent need for stablecoin integration in the global payments landscape. The company emphasized that stablecoins are becoming a strategic necessity for institutions involved in money movement. As part of this initiative, Visa revealed its plans to expand its stablecoin settlement capabilities in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region through a new partnership with pan-African fintech Yellow Card.

🗣 Godfrey Sullivan, Visa’s Senior Vice President and Head of Product and Solution for CEMEA, stated,

In 2025, we believe that every institution that moves money will need a stablecoin strategy.

He pointed out the growing adoption of blockchain-powered payments as evidence that stablecoins are set to transform settlement infrastructure, enabling faster, cheaper, and continuous cross-border transactions. Visa's own stablecoin settlement solution, which allows select issuers and acquirers to process USD cross-border payments via blockchain, has already processed over $225 million in stablecoin volume since its pilot in 2023.

🤝 The partnership with Yellow Card aims to explore stablecoin applications in its licensed African markets to streamline treasury operations and enhance liquidity. The companies plan to test integration with Visa Direct to broaden cross-border payment capabilities. Yellow Card CEO Chris Maurice remarked,

Together with Visa, we’re building a bridge between traditional finance and the future of money movement.

He added,

We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions.

📈 Advocates believe that despite regulatory uncertainties, stablecoins have the potential to democratize access to financial services, lower fees, and enhance efficiency, particularly in underserved regions.

🤑 Neo Pepe: A Promising Contender in the 2025 Crypto Presale Landscape

💰 Neo Pepe is gaining traction as one of the top crypto presales of 2025, having raised an impressive $2 million in Stage 4 of its presale, currently priced at $0.08 per token. The project appeals to both meme coin fans and strategic investors, but the key question is whether Neo Pepe can provide sustainable growth and real-world value.

🌐 Built on Ethereum and fully governed by its community through a DAO, Neo Pepe offers more than just internet culture; it provides genuine utility, transparent treasury management, and deflationary mechanisms. These strong fundamentals set it apart from typical meme coins driven by hype.

⚖️ Meme coin presales are known for their high-risk, high-reward nature. Many projects lack genuine infrastructure and are driven by hype. However, promising projects distinguish themselves through true decentralization, community control, and transparent token distribution. Neo Pepe stands out in this regard with its audited smart contracts, community-governed treasury decisions, and locked liquidity.

🚀 As Neo Pepe enters 2025, it is backed by cultural relevance and a solid protocol infrastructure. Investors are increasingly valuing projects that combine entertainment with real-world applications. Neo Pepe’s DAO-first governance model positions it as a pioneer among meme assets.

📈 Neo Pepe’s strong presale performance is setting bullish expectations. Currently in Stage 4, the project has raised over $2 million, demonstrating substantial early investor confidence. Unlike typical meme tokens that launch haphazardly, Neo Pepe strategically organizes its presale into 16 capped stages with progressively increasing token prices.

🤝 Neo Pepe attracts both retail and strategic investors. Its capped total supply of 1 billion tokens and absence of inflationary minting functions eliminate inflation risks. Built-in burn mechanics and liquidity-locking systems stabilize the token’s price action.

🔑 In summary, Neo Pepe represents a well-structured investment opportunity backed by strong fundamentals. Positioned as one of the best pepe coins on the market, Neo Pepe’s potential trajectory in 2025 looks increasingly promising. If you’re seeking the best crypto presale of 2025, consider investing in Neo Pepe before the next stage price increase.

KERNEL: Emerging Player in 2025 Multi-Chain Security Infrastructure

1️⃣ TVL Growth Attention
- Currently TVL approximately $2 billion, rapidly expanding with multi-chain-based security services
- Operating on 10+ networks including ETH, BNB, and BTC

2️⃣ Multi-chain & shared security structure
- LRT integration in various forms such as Kelp, Kernel, etc.
- Integration with 50+ DApps, securing Etherfi-level DeFi integration

3️⃣ Staking infrastructure & community design
- Kernel Points accrual, official partner airdrop with Mira, etc.
- 6-month lockup + 30-month partial unlock, 60% allocated to community

4️⃣ Announcement of RWA entry
- Preparing to expand real assets (RWA) based on USD1 stablecoin
- Similar structure to existing leaders such as Ondo, Plume

✏️ $KERNEL is operating on 10+ chains including ETH, BNB, and BTC. A working multi-chain security infrastructure, recording approximately $2 billion TVL. It is actively linked to the staking infrastructure and ecosystem, and is characterized by a community-centered structure and long lockup design. RWA expansion is also planned in the future.

🔜 An infrastructure project with the three pillars of “smart governance + multi-chain security + real asset expansion”

🕔 KernelDAO's stablecoin vault launches late June, marking the first of several RWA (Real World Asset) products in our pipeline. This convergence of DeFi infrastructure with RWA innovation represents a significant opportunity - smart capital is positioning for what could be a major market catalyst.

💰 Nano Labs Ltd's $500 Million Strategy for Binance Coin Dominance

🚀 Nano Labs Ltd, a Chinese web3 infrastructure provider, has launched a $500 million convertible notes offering to support its ambitious plan to acquire Binance Coin (BNB). The company aims to secure up to 10% of BNB's circulating supply over time.

📈 The funds raised will be used to evaluate and potentially purchase up to $1 billion worth of BNB tokens, with a long-term objective of holding 5% to 10% of BNB’s total supply. This move aligns with a growing trend among tech companies to diversify their treasury reserves by investing in leading crypto assets.

🔄 The convertible notes will remain convertible at the holders' discretion throughout the term. Despite standard closing conditions, Nano Labs is committed to shifting towards crypto-based reserves.

🌐 Previously, Nano Labs made headlines for adopting bitcoin as a primary treasury asset. Its foray into BNB positions it as a leader in crypto-native treasury strategies in Asia. If successful, the firm could become one of the largest institutional holders of BNB globally.

🟢 XRP's Bullish Momentum: A Critical Juncture

📈 On June 29, 2025, XRP reached $2.21, marking a 1.3% daily gain with a trading volume of $1.32 billion and a market cap of $130.54 billion. The 1-hour XRP/USDT chart shows bullish short-term momentum with a potential bull flag formation after a spike to $2.22. Strong support at $2.175 suggests a possible breakout if the price closes above $2.22 with increased volume.

📊 The 4-hour chart indicates a mid-term recovery with a V-shaped rebound after holding support at $2.067. A successful breakout above $2.22 could lead to a price increase towards the $2.25–$2.28 zone. The daily chart shows a shift from a bearish to a sideways-to-bullish trend following a double-bottom pattern near $1.908. The price is approaching the $2.22–$2.25 resistance zone with increasing volume, indicating strengthening sentiment.

📉 Oscillator readings are mostly neutral but slightly bullish, with the relative strength index (RSI) at 52.34 and the Stochastic oscillator at 63.13. Moving average signals are predominantly bullish for short-term durations, but some longer-term averages show divergence. The 200-period SMA at $2.3677 suggests potential overhead resistance.

🔮 In conclusion, XRP's price action indicates strong bullish momentum if it can sustain a close above $2.22 with volume. However, caution is advised due to neutral oscillators and longer-term moving averages signaling caution. Traders should monitor volume closely and respect support levels to manage risk effectively.

💰 Chile Uncovers Tren de Aragua's Cryptocurrency Money Laundering Scheme

🚨 Chilean authorities have recently dismantled a significant money laundering operation linked to the Venezuelan criminal group Tren de Aragua. This operation, known as Tren del Mar, involved the laundering of over $13.5 million through various means, including cryptocurrency and a network of bank accounts. The funds were reportedly obtained from serious crimes such as human trafficking, drug trafficking, and extortion.

👮‍♂️ The crackdown occurred last month and resulted in the arrest of 52 individuals. These suspects were accused of introducing illegally obtained funds into the Chilean financial system and then transferring them to several countries, including Venezuela, Colombia, the U.S., Paraguay, Mexico, Spain, and Argentina.

🗣 David Saucedo, a Mexican security expert, noted that Tren de Aragua has adopted money laundering tactics from Mexican cartels, who were among the first to use cryptocurrency for such purposes. He explained that cryptocurrency transactions are appealing to criminal organizations because they are difficult to trace and can be conducted electronically without the need for physical documentation.

📜 Last year, the Office of Foreign Assets Control (OFAC) designated Tren de Aragua as a Transnational Criminal Organization. The OFAC accused the group of infiltrating local criminal economies in South America and establishing transnational financial operations that included cryptocurrency laundering.

📉 Ethereum Futures and Options Market Overview

📊 Ethereum futures open interest (OI) remains steady at around $33 billion, despite slight declines. Options traders are particularly interested in bullish contracts for late 2025. Ethereum futures allow speculation on ETH's future price without owning the asset. The current OI stands at $33.09 billion (13.29 million ETH) across exchanges.

📉 The market experienced a 2.79% decline over 24 hours, although Gate and Bitget reported gains of 1.17% and 0.86%, respectively. CME Group and Binance lead the futures market, with CME holding $3.19 billion (9.64% market share) and Binance maintaining the largest position at $6.26 billion (18.9%).

📊 The open interest-to-daily-volume ratio of 0.6366 indicates moderate trading activity relative to outstanding contracts. Most platforms saw decreases in OI, with Kucoin down 17.37% and OKX falling 6.27%.

📈 In options trading, which allows buying (calls) or selling (puts) ETH at set prices, open interest heavily favors calls, representing 65.87% of all open options contracts (1,717,477 ETH). This signals bullish long-term expectations. The most notable contracts include the December 25, 2025 $6,000 call and July 25, 2025 $3,000 call.

📉 However, 24-hour options trading volume revealed stronger put activity. Puts accounted for 55.58% of volume (527,705 ETH traded), suggesting near-term hedging or bearish positioning. This contrast between open interest and trading volume creates market tension.

📅 The most actively traded contracts featured nearer-term expirations like the July 25, 2025 $3,000 call and December 25, 2025 $4,000 call. Futures data indicates a substantial though slightly contracting market. Options open interest shows pronounced bullish sentiment for late 2025, epitomized by the December $6,000 call.

⚖️ However, the dominance of put trading volume (55.58%) introduces a counter-narrative of near-term caution for Ethereum. While long-term expectations lean bullish, heightened put activity reflects significant hedging or bearish bets, preventing a definitive bullish outlook.

🔍 In summary, futures data shows a large, slightly retreating market. Options OI leans strongly bullish, especially for late 2025 ($6,000 Dec calls). However, the surge in put trading volume (55.58%) introduces prudence. The high call OI suggests dominant bullish expectations, but elevated put trading implies significant near-term hedging or bearish bets, preventing a purely bullish verdict.

🚀 Bitcoin's Ascent: Aiming for $1 Million

📈 Bitcoin is projected to reach $1 million, driven by institutional adoption, global instability, and digital scarcity, according to Finder's expert panel. A recent survey of 24 cryptocurrency specialists revealed a general upward trend in bitcoin forecasts.

On average, our panelists think bitcoin (BTC) will be worth $145,167 by the end of 2025,

the firm stated. They predict it will hit $458,647 by 2030 and $1.02 million by 2035. These projections are based on continued institutional adoption, supply constraints, and bitcoin's role as a macroeconomic hedge.

👍 61% of panelists believe bitcoin is currently a buy, with 52% saying it is underpriced. Morpher's Martin Froehler attributes his high forecast to increasing "institutional demand." Origin Protocol's Josh Fraser noted the current "flight to hard assets," comparing bitcoin to gold. Nicole DeCicco of CryptoConsultz emphasized that these are "foundational changes," not just short-term trends. However, John Hawkins from the University of Canberra expressed skepticism, stating that bitcoin "remains a speculative bubble."

📊 Estimates for bitcoin's year-end value vary widely. Finder reported that the most optimistic panelists predict it will trade at $250,000 by the end of 2025, while the most pessimistic foresee a drop to $70,000.

Although 79% of panelists flagged quantum computing as a security risk,

the timeline for its impact remains uncertain. Nearly half said the bitcoin community is ill-equipped to address these challenges. Despite this, advocates point to bitcoin's growing presence in institutional portfolios and its resilience during global turmoil as indicators of continued long-term strength.

🇺🇸 Trump's Tariff Announcement: 30% on EU and Mexico

📜 President Trump has announced a 30% tariff on imports from the European Union (EU) and Mexico, effective August 1st. This decision was communicated through letters posted on Truth Social, directed to EU President Ursula von der Leyen and Mexican President Claudia Sheinbaum.

⚖️ In his letter to the EU, Trump cited the existing trade deficit as a justification for the tariff. He emphasized the need to address this imbalance. Regarding Mexico, Trump acknowledged efforts by Mexican authorities to combat drug trafficking but deemed them insufficient. He stated,

Mexico still has not stopped the cartels who are trying to turn all of North America into a narco-trafficking playground. Obviously, I cannot let that happen.

💰 The EU is currently the largest commercial partner of the U.S., with over $600 billion in imports last year. Mexico follows closely as the top exporter to the U.S. with over $500 billion in imports in 2024.

🤝 In response to the tariff announcement, Von der Leyen warned that such measures would negatively impact businesses and consumers on both sides of the Atlantic. She expressed the EU's commitment to reaching an agreement before the implementation date but also mentioned readiness for proportionate countermeasures.

💬 Sheinbaum downplayed the situation, expressing confidence in securing a better deal through ongoing bilateral discussions. She stated,

We’ve had some experience with these matters for several months now. I think we’re going to reach an agreement with the United States government.

📈 This week, Trump also announced tariffs of 50% on Brazilian imports and 35% on Canadian imports.

🌍 Ripple's Strategic Move: Seeking EU License for RLUSD

🚀 Ripple, a major player in the cryptocurrency sector, is reportedly seeking to expand its stablecoin, Ripple USD (RLUSD), into Europe by applying for an Electronic Money License in Luxembourg. This license is crucial for compliance with the EU’s Markets in Crypto Assets (MiCA) regulations and would allow RLUSD to be integrated into operations across the European Union (EU).

🏦 The company has already taken steps to facilitate this move by incorporating Ripple Payments Europe SA in Luxembourg earlier this year. Luxembourg offers a favorable environment for stablecoin issuers due to its extensive banking options. Under MiCA regulations, stablecoin issuers must keep at least 60% of their reserves in banks, and Luxembourg's diverse banking landscape is advantageous for meeting these requirements.

🗣 While Ripple has not confirmed the specifics of its license application, a spokesperson mentioned the company's interest in achieving compliance in various regions, stating,

We see significant opportunity in the European market and we intend to become MiCA-compliant.

🔗 In addition to pursuing the license, Ripple has made strategic moves to bolster the credibility of RLUSD. The company has appointed BNY, a major financial institution, as the primary custodian for RLUSD's backing funds and is also seeking a national trust bank charter to enhance its operational capabilities.

📰 US Authorities Close in on Ransomware Ring as Bitcoin Trails Lead to Arrest

👮‍♂️ A significant ransomware operation is unraveling as U.S. authorities track 1,610 BTC in ransom payments, using bitcoin trails to identify and charge global cybercriminals. On July 16, the U.S. Department of Justice (DOJ) announced that Karen Serobovich Vardanyan, a 33-year-old Armenian national extradited from Ukraine, has been charged in connection with a widespread cyber extortion campaign involving Ryuk ransomware.

🔍 The FBI traced the cryptocurrency as part of an international investigation into the group's attacks on American companies, including a technology firm in Oregon. Vardanyan and his co-conspirators are accused of breaching company networks between March 2019 and September 2020, encrypting data, and demanding ransom payments to unlock critical systems. The DOJ detailed that

ransom payments were extorted from victim companies in exchange for decryption keys to regain access to their data

💰 It is alleged that Vardanyan and his co-conspirators received approximately 1,610 bitcoins in ransom payments from victim companies, valued at over $15 million at the time of payment. The Ryuk ransomware was used to compromise hundreds of devices across various sectors, including public services, healthcare, and critical infrastructure.

🤝 The Justice Department’s Office of International Affairs collaborated with Ukrainian authorities to secure Vardanyan’s extradition on June 18. He pleaded not guilty during his initial court appearance in Oregon and remains in custody awaiting trial, scheduled to begin on Aug. 26. Charges against him include conspiracy, fraud in connection with computers, and extortion involving computer systems. The DOJ noted that if convicted, Vardanyan faces a maximum sentence of five years in federal prison, three years’ supervised release, and a fine of $250,000 for each count.

🔎 The FBI is still searching for three additional defendants, one of whom is awaiting extradition in France, while the others remain fugitives in Ukraine.

🚀 Meet Hero.io: The Crypto 🧠 Superapp

The ultimate all-in-one for Web3 traders—think of it as your AI-powered crypto sidekick. Here's why you’ll love it:

🔹 AI-First Crypto Experience
Ask Chatoshi (our Cambridge-trained AI Copilot) anything in plain English (or voice) and get real-time, accurate insights—no more endless chart hunting or forum scrolling.

🔹 Built for Traders
A purpose-built 3-column design gives you instant access to live token data, sentiment trends from X & YouTube, and key analytics—all in one clear dashboard.

🔹 Cut Through the Chaos
Consolidate news, social sentiment, and on-chain data without juggling multiple tabs or apps. Hero gives you a single, clean interface so you can focus on trading, not researching.

🔹 Web3 Made Human
Beyond raw data, Hero guides you with actionable advice and confidence—so you can make smarter, safer decisions.

📥 Download Hero & Elevate Your Trading: Download now!

💰 Record Inflows for Crypto ETFs: Ether Leads the Charge

📈 This past week marked a historic milestone for crypto exchange-traded funds (ETFs), with ether funds achieving an unprecedented weekly inflow of $2.18 billion. Bitcoin ETFs also performed strongly, securing $2.39 billion in net inflows for the sixth consecutive week of growth.

In a week that rewrote the record books, ether ETFs posted a staggering $2.18 billion in net inflows, the highest ever recorded for ether-based funds.

📅 Wednesday, July 16, was particularly notable, bringing in $726.74 million for ether ETFs and $799.40 million for bitcoin ETFs. This day marked the most significant single-day inflow for both types of funds this year.

📊 The breakdown of ether ETF inflows was impressive, with Blackrock’s ETHA leading the pack at +$1.76 billion. Other notable performers included Grayscale’s Ether Mini Trust with +$201.71 million and Fidelity’s FETH at +$128.77 million.

Bitcoin ETFs were no slouch, locking in $2.39 billion in net inflows, stretching their green streak to six consecutive weeks.

🔝 Blackrock’s IBIT dominated the bitcoin ETF space with +$2.57 billion in inflows, followed by Grayscale’s Bitcoin Mini Trust at +$41.86 million. However, not all ETFs saw positive movement; Grayscale’s GBTC experienced a -$122.50 million outflow.

🚀 With over $4.57 billion flowing into crypto ETFs this week, it is clear that institutional confidence in both bitcoin and ethereum is growing. Ether’s recent surge indicates that it is stepping out of bitcoin’s shadow and gaining recognition in its own right.