Tuesday Top Crypto News
In one short thread…
Yesterday, the spot Bitcoin ETFs saw a total net inflow of $102 million, marking 15 consecutive days of net inflows.
Spot Ethereum ETFs recorded a total net inflow of $31.76 million, with all nine ETFs showing no outflows.
After support from Bybit and Kraken, Backed's xStocks tokenized stock volume reached $1.338 million on June 30, with over 1,200 unique traders.
Despite offering 61 stock tokens, only six—NVDA, MSTR, TSLA, CRCL, SPY, and AAPL—have on-chain volume.
According to EmberCN, despite continued net inflows into ETH ETFs, a whale has redeemed 95,313 ETH over the past three weeks, with over 68,000 ETH (worth ~$165 million) sent to CEXs…
The whale initially staked ETH last year at an average price of $2,878, but is now transferring at an average price of $2,431—resulting in an unrealised loss of approximately $42.6 million.
FTX creditor rep Sunil posted on X that claims under $50K received 120% payouts in Feb and May 2025.
Claims over $50K got 72.5% in May, with the remaining 27.5% expected in Oct, Dec 2026, and 2027—bringing total recovery to 100%.
Estimated post-claim interest return is around 40–80%.
According to Bloomberg, American Bitcoin, a crypto firm backed by Eric Trump, has raised $220 million to buy Bitcoin and mining equipment.
About $10 million in equity was sold in Bitcoin rather than dollars. Majority-owned by Hut 8 Corp, the company plans to go public via a merger with Gryphon Digital Mining Inc.
Bloomberg ETF analysts James Seyffart and Eric Balchunas believe there's a 95% chance that the U.S. SEC will approve spot ETFs for LTC and XRP this year.
Crypto majors trade at the following levels
BTC 106,825 (down 1.3% in 24 hours)
ETH 2,460 (down 1.5%)
XRP 2.217 (up 1.2%)
SOL 151.33 (flat)
Have a great day!
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