DeepNewz

Markets
Spot Ether ETFs Expected to Bring $5B to $10B in Inflows, Boosting Liquidity and Causing Price Volatility, Says Kaiko
The anticipated launch of Spot Ether ETFs is expected to bring significant capital inflows into the Ethereum market, with predictions ranging from $5 billion to $10 billion

CeFi
California-based Swan Shelves IPO Plans, Cuts Staff, and Shuts Down Bitcoin Mining Unit
California-based Bitcoin services firm Swan has announced significant operational changes, including shelving its IPO plans, cutting staff, and shutting down its managed Bitcoin mining business

CeFi
HIVE Digital to Build 100MW Bitcoin Mining Facility in Paraguay Amid 14% Tariff Hikes, Brazil Exodus
Paraguay has recently become a hub for bitcoin miners due to its cheap electricity, lax laws, and low taxes

TradFi & Fintech
Grayscale Transfers $1.1B in Ethereum to Coinbase Ahead of Spot ETF Launch
Grayscale Ethereum Trust has transferred approximately $1.1 billion worth of Ethereum (ETH) to Coinbase Prime.

DeFi
Arkham Transfers 304.5M ARKM to Coinbase Prime; US Gov Moves 58.742 BTC Worth $3.96M
Arkham has withdrawn 304.5 million ARKM, valued at approximately $487.24 million, from its vesting contract and transferred them to Coinbase Prime

TradFi & Fintech
BlackRock Bitcoin ETF Sees $523M Inflow, $912M Trading Volume, Surpasses QQQ in YTD Flows
BlackRock's Bitcoin ETF has seen a significant surge in inflows, with a single-day inflow of $523 million, adding 7,759 BTC

DeFi
Stablecoin Market Cap Surges 3800% to $165 Billion, Highest Since May 2022
The stablecoin market has experienced significant growth, with its market cap rising from $4 billion in early 2020 to approximately $165 billion in July 2024, marking a 3800% increase

CeFi
Mt. Gox Transfers $2.8 Billion in Bitcoin, Including $149 Million to Bitstamp
Mt. Gox has initiated significant Bitcoin transfers, moving a total of 42,587 BTC, valued at approximately $2.8 billion, to new addresses.

TradFi & Fintech
Hong Kong Stock Exchange to Launch Asia’s First Bitcoin Inverse ETF Managed by CSOP on July 23
The Hong Kong Stock Exchange (SEHK) will launch Asia’s first Bitcoin inverse ETF on July 23

Blockchains
Animoca Brands and TON Blockchain Announce $20M Partnership to Boost $TON Adoption to 1.6 Billion Users
Animoca Brands and TON Blockchain have announced a significant partnership with Moca Network and Moca Foundation.





