According to ChainCatcher, according to data from Farside Investors, the US Bitcoin spot ETF had a cumulative net inflow of $238.4 million this week. Among them, Grayscale GBTC had a net outflow of $88 million, while Fidelity FBTC had a net inflow of $194.3 million.
According to Odaily Planet Daily, MicroStrategy co-founder Michael Saylor posted on the X platform that the original intention of Bitcoin design was to "continue to win". According to the data disclosed by him, Bitcoin is still the best performing asset since 2011. As of July 5, 2024, Bitcoin has increased by 145.9%, ranking first. The increases of other important assets are: US Growth (16.3%), US NASDAQ 100 (18.99%), US Large Caps (13.7%), and gold (3.5%).
● Ethereum co-founder Vitalik Buterin advocates using 'inruned' instead of 'encrypted'
According to Odaily Planet Daily, Ethereum co-founder Vitalik Buterin said that he likes to use the alternative word "inruned" instead of "encrypted", thinking that this word makes encryption look very cool.
According to Odaily Planet Daily, Arthur Cheong, founder and CEO of DeFiance Capital, wrote on the X platform that the market may turn to favor crypto projects that have proven their product-market fit (PMF) and resilience in multiple market cycles. These projects may be re-rated with higher market capitalizations, while those with low circulation, high market capitalization (FDV), and continued hype will have little effect. Some of these companies are cheaply valued and have even become more dominant in the past few years. In the end, their price-to-earnings ratio will no longer be less than 20 times.
According to BlockBeats, on July 6, Russia is considering adding the topic of stablecoins to the upcoming bill to allow stablecoins to be officially used to complete cross-border payments. Alexey Guznov, deputy governor of the Central Bank of Russia, said that relevant proposals have been put forward and the issue is under discussion. The Russian Ministry of Finance also confirmed that it is studying the matter.
According to Odaily Planet Daily, the Federal Reserve's semi-annual monetary policy report showed that inflation has made some progress this year, but greater confidence is still needed before cutting interest rates. Real estate-related inflationary pressure is expected to gradually decline. Although some banks' commercial real estate portfolios are "under pressure", the financial system remains "healthy and resilient." Liquidity remains ample for most domestic banks.
