👉Digital asset investment products saw inflows of US$2bn, bringing the 5-week total to US$4.3bn.
👉Trading volumes in ETPs increased by 55% to reach US$12.8bn for the week.
👉Bitcoin received the majority of inflows at US$1.97bn.
👉Ethereum saw its best week of inflows since March at US$69m.

HSBC China becomes the first foreign bank to offer e-CNY services for corporate clients.
Corporate clients can now link their bank accounts with digital yuan accounts to manage their assets.

Base TVL (total value locked) surpasses $8 billion
⚡ Becomes the second-largest Ethereum scaler in TVL, trailing Arbitrum One
⚡ Leads all Ethereum layer 2s in transactions per second
⚡ Cashed in the most on-chain profits in the last three months
⚡ Tops the Ethereum layer-2 leaderboards in transaction count

📉 Bitcoin sentiment index drops to 'fear' zone, lowest in 18 months

Crypto Fear and Greed Index fell 21 points on June 24 - one of the biggest day-to-day drops in recent years.

Why?

- Potential $8.5 billion market dump by Mt. Gox
- Outflows from US spot Bitcoin ETFs
- Germany selling its Bitcoin reserves
- Bitcoin miners selling off more Bitcoin than usual

Bitcoin ETFs see $1.3 billion in outflows over the past two weeks.

Biggest outflow period for Bitcoin ETFs since April, when they saw net outflows exceeding $1.2 billion.

- Grayscale led the outflows: - $517.3 million.
- BlackRock, the only one to see positive inflows: + $43.1 million.

📢 Coinbase & Stripe Partnership Quick Facts:

- USDC Support: Integration on Coinbase’s Base network
- Speeds up fiat and crypto transactions in 150 countries.
- Buy crypto with credit cards and Apple Pay through Stripe.

GSR Markets predicts a 9x surge in SOL price if a spot Solana ETF is approved.

🇧🇴 Bolivia has lifted its ban on Bitcoin and crypto payments. Financial entities in Bolivia can now conduct transactions with digital assets.

Bullish comments about Bitcoin on platforms like X, Reddit, and Telegram have significantly decreased in recent weeks - Santiment

Jesse Powell, founder of Kraken cryptocurrency exchange, has donated $1 million (mostly consists of Ether) to former President Donald Trump's campaign.

Crypto hack losses in June dropped 54.2% compared to May.

⚡Total Losses: Roughly $176 million, across 20 hacking incidents.
⚡Biggest Hit: BtcTurk exchange exploit - $100 million lost.
⚡May’s Number: $385 million lost to hacks.

$30 million: This week’s total outflows for digital asset investment products.

- The third consecutive week of outflows.
- Ethereum led outflows (-61M) - worst performer YTD.
- ⬆️ Bitcoin (+10M) & Multi-Asset (+18M) inflows.
- Trading volume up 43% but still below average.

Record high inflows in crypto investment products - CoinShares
- Year-to-date 2024 - $17.8 billion
- Previous record in 2021 - $10.6 billion
- US investors lead the pack, followed by Switzerland

‘I want to give the money back,’ says hacker who stole $24 million in staked Ether last year. He contacted the victim to return the funds. So far, the hacker has refunded $10.3 million in DAI stablecoin, with the remainder still outstanding.

Former President Donald Trump announced J.D. Vance as his running mate for the 2024 presidential election on July 15, 2024. Polymarket traders predicted a 60% chance that Trump would pick Vance as his running mate for the 2024 elections.

Thomas Matthew Crooks, the 20-year-old suspect fatally shot by Secret Service agents after attempting to assassinate former President Donald Trump at a campaign rally in Butler, Pennsylvania, briefly appeared in a BlackRock ad in 2022.

According to The Information analysis, OpenAI could face losses of up to $5 billion in 2024. Driven by $7 billion in AI training costs and $1.5 billion in staffing. With over 100 million weekly users of ChatGPT, the company may need additional financing within a year to stabilise its finances.

Mt. Gox still holds 90,000 Bitcoin, worth approximately $6 billion, since its collapse in 2014. The last transaction from Mt. Gox occurred on July 24, 2024, involving 382 Bitcoin sent to Bitstamp. A Reddit poll shows 56% of creditors do not plan to sell their Bitcoin, while 20% intend to sell their holdings.

Marathon Digital Holdings, the world's largest Bitcoin miner, has purchased $100 million worth of BTC to strengthen its treasury reserve strategy. As of the end of June, MARA held 18,536 BTC, indicating the recent acquisition likely added around 1,500 BTC.

Jersey City Mayor Steven Fulop announced that the city's pension fund will invest in Bitcoin ETFs. The fund is updating its documentation with the SEC and expects to complete the process by the end of summer.

"The question on whether crypto and bitcoin is here to stay is largely over, and crypto and bitcoin won,"…"I’ve been a long time believer (through ups/downs) in crypto but broadly, beyond crypto, I do believe blockchain is amongst the most important new technology innovation since the internet."