Tuesday Top Crypto News
In one short thread...
Yesterday, Bitcoin spot ETFs saw a net outflow of $131 million, ending a 12-day streak of net inflows.
Ethereum spot ETFs recorded a net inflow of $297 million, marking 12 consecutive days of net inflows.
Yesterday evening, Strategy (formerly MicroStrategy) announced its intention to conduct an initial public offering of 5,000,000 shares of STRC Variable Rate Series A Perpetual Preferred Stock under the Securities Act of 1933.
Proceeds will be used for general corporate purposes, including the purchase of bitcoin and working capital.
GameSquare Holdings has raised its crypto treasury authorization from $100 million to $250 million and introduced a new Ethereum-based NFT strategy with an initial $10 million allocation.
The company recently acquired 8,352 ETH at an average price of approximately $3,592, bringing total holdings to around 10,171 ETH, valued at roughly $38 million.
Yesterday, Cathie Wood's Ark Invest purchased 4,421,034 shares of Ethereum treasury company Bitmine Immersion (BMNR), worth approximately $175 million, while trimming 218,986 shares of Coinbase ($90.6M), 109,824 shares of Robinhood ($11.46M), and 90,061 shares of Block (~$7M).
According to the official announcement, Coinbase stated that starting July 21, 2025 (local time), U.S. users can now legally trade perpetual futures through its CFTC-regulated platform, Coinbase Financial Markets (CFM). Previously restricted by regulatory barriers, U.S. users had long been unable to access such products—this move marks a significant shift.
According to the FT, JPMorgan is exploring offering loans backed by customer-held crypto assets like Bitcoin and Ethereum, possibly starting as early as next year.
Mexico-listed real estate firm Grupo Murano plans to adopt Bitcoin as a core strategic asset, with an initial investment of $1 billion and a goal to build a $10 billion BTC treasury within five years...
CEO Elías Sacal said the company is converting properties into BTC holdings through refinancing and sale-leasebacks, and will deploy Bitcoin ATMs and enable BTC payments at its hotels. Around 70–80% of its capital will be allocated to Bitcoin.
U.S.-listed EV company Volcon has purchased 280.14 BTC and completed a private placement raising over $500 million. The company plans to allocate over 95% of the proceeds to Bitcoin.
Investors include FalconX, Pantera, Borderless, and Relayer Capital. Volcon will rebrand as Empery Digital, Inc. and change its ticker to EMPD in the coming weeks.
Crypto majors trade at the following levels
BTC 117,280 (down 0.9% in 24 hours)
ETH 3,690 (down 1.6%)
XRP 3.480 (down 0.5%)
SOL 198.90 (up 7.3%)
Have a great day!
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