● CryptoQuant CEO predicts Bitcoin bull run may continue until mid-2025
According to Odaily Planet Daily, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that this round of Bitcoin bull market cycle may last until mid-2025.
Ki Young Ju explained that "old whales" took profits during the bull market, and their selling brought new capital into the accumulation address, thereby increasing the actual price. The profit realization period in the past cycle was about 18 months, while this time it started 4 months ago.
● Trump will give a speech at Bitcoin 2024
According to Foresight News, former US President Donald Trump will deliver a speech at Bitcoin 2024 in Nashville, Tennessee at 14:00 Central Time on July 27 (3:00 a.m. Beijing Time on July 28), which is expected to last 30 minutes.
According to Odaily Planet Daily, data disclosed by Bloomberg analyst James Seyffart showed that the total assets of the Ethereum ETF were close to US$9 billion in three days after its listing, with a net outflow of approximately US$-178 million.
● Bloomberg analyst: Ethereum ETF inflows are healthy but not as strong as Bitcoin ETF
According to Odaily Planet Daily, Eric Balchunas, senior ETF analyst at Bloomberg, said that the eight Ethereum ETFs are not as strong as the nine Bitcoin ETFs in offsetting the outflow of Grayscale funds. The good news is that the inflow/trading volume of Ethereum ETFs is still very healthy, and the intensity of the Grayscale Ethereum ETF ETHE unlocking should be weaker than before.
● Data: Grayscale ETHE is expected to outflow 50% within 12 days
According to Odaily Planet Daily, Trader T data shows that Grayscale ETHE has outflowed 17.3% in the past 4 days and is expected to outflow 50% within 12 days. It is worth mentioning that Grayscale GBTC outflowed 50% within 65 days.
● The annual rate of the US core PCE price index in June was 2.6%, slightly higher than expected
According to BlockBeats, the annual rate of the US core PCE price index in June was 2.6%, in line with expectations of 2.5% and the previous value of 2.6%.
● BlockFi receives approval from US court to repay 100% of customer funds
According to BlockBeats, bankrupt cryptocurrency lending company BlockFi has received approval from a U.S. court to repay its customers and unsecured creditors. The U.S. Bankruptcy Court for the District of New Jersey approved the company's plan on Thursday, allowing BlockFi to repay 100% of customer funds. The court's approval means that its customers can now expect a full refund.
