● The third trading day of the US spot Ethereum ETF saw a turnover of approximately US$850 million
According to Odaily Planet Daily, the US spot Ethereum ETF had a turnover of about $850 million on the third trading day, compared with $951 million on the second trading day and $1.054 billion on the first day. According to Soso Value data, the net outflow on the third trading day was $133.16 million, a reversal of the net inflow of $106.78 million on the previous trading day. Among them, Grayscale Ethereum Trust (ETHE) had a net outflow of $326.86 million.
● Viewpoint: ETHE’s higher net outflow than GBTC may be related to their respective launch times
According to ChainCatcher, Farside Investors said that ETHE's net outflow is higher than GBTC. One of the reasons is that GBTC was launched earlier than ETHE and holders are reluctant to sell it.
Another reason is that ETHE holders may want to stake their tokens. In addition, ETHE's fees are 2.5%, while GBTC is at least reduced to 1.5%.
● MicroStrategy and Bitcoin Magazine partner to drive corporate Bitcoin purchases
According to Odaily Planet Daily, MicroStrategy and Bitcoin Magazine announced a partnership to get more companies buying Bitcoin.
● Mt.Gox still holds about 90,000 bitcoins, worth about $6 billion
According to Odaily Planet Daily, data shows that Mt. Gox still holds up to about 90,000 bitcoins, worth about $6 billion, and investors and speculators are weighing the impact of this sell-off on the Bitcoin market. According to Arkham Intelligence monitoring, Mt. Gox's last transaction occurred at 06:50:05 UTC on July 24, 2024, involving the transfer of about 382 bitcoins to Bitstamp, worth about $25 million.
According to Jinshi, the U.S. government's preliminary estimates show that gross domestic product grew at an annual rate of 2.8% in the second quarter, compared with 1.4% in the previous quarter. Personal spending, the main growth engine of the economy, grew 2.3%, also higher than expected. A report released by the U.S. Bureau of Economic Analysis on Thursday showed that a closely watched underlying inflation indicator rose 2.9%, slowing from the first quarter but still higher than expected. Although the growth rate accelerated from the first quarter, these data are still slower than last year. Under the weight of high interest rates, consumer spending and broader economic activity have cooled, which also helps to gradually curb inflation. This is a good sign for the Federal Reserve. The Federal Reserve is working to achieve a soft landing for the economy and may start cutting interest rates as early as September.
● The number of initial jobless claims in the U.S. for the week ending July 20 was 235,000
According to Odaily Planet Daily, the number of initial unemployment claims in the United States for the week ending July 20 was 235,000, with an expected value of 238,000 and a previous value of 243,000. The four-week average of initial unemployment claims in the United States for the week ending July 20 was 235,500, with a previous value of 234,750. The number of continuing unemployment claims in the United States for the week ending July 13 was 1.851 million, with an expected value of 1.86 million and a previous value of 1.867 million.
● OpenAI launches AI search engine SearchGPT
According to Odaily Planet Daily, OpenAI announced its entry into the search market and will launch the AI search engine SearchGPT. SearchGPT is an artificial intelligence-driven search engine that can access information on the Internet in real time.
