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Share link:In this post: Crypto funds record $2.7 billion in inflows for the eleventh week in a row. The United States dominates with $2.65 billion, while Hong Kong faces outflows. Bitcoin captures 83% of total flows, with Ethereum adding $429 million.
Share link:In this post: Total value locked expanded rapidly in H1, driven by a mix of stablecoins, DeFi lending, and RWAs. Ethereum remains the biggest carrier of value, from both DeFi and tokenization. Most value is concentrated in top 5 chains, with minor inflows coming from Bitcoin DeFi and L2s.
Share link:In this post: South Korea emphasizes the necessity for ongoing trade talks with the US beyond the July 9 deadline. A 10% tax on South Korean shipments to the US is set to increase to 25% next week unless a deal is reached. US officials have indicated that while sectoral tariffs were initially off the table, they may reconsider based on South Korea’s proposals during negotiations.
Share link:In this post: Strategy’s latest acquisition totals 4,980 Bitcoins for $531.9 million at a $106,801 average price. The company’s total Bitcoin holdings are up to 597,325 BTC. Saylor is on his year-to-date 19.7% Bitcoin yield, with all of his June purchases profitable.
- 20:01Federal Reserve Governor Waller Supports Balance Sheet Reduction and Adjustment of Asset CompositionAccording to Jinse Finance, Federal Reserve Governor Waller stated that the balance sheet should continue to be reduced, including adjusting the asset structure to increase the proportion of short-term assets, but there may be no need for excessive cuts. "I believe it is very likely that we will continue, for some time, to allow securities that mature or are prepaid to naturally roll off the balance sheet, thereby reducing reserve balances," Waller said in a speech prepared for a Dallas Fed event on Thursday. In his speech, which focused on the balance sheet, Waller advocated for balance sheet reduction, but to a lesser extent than some Fed watchers and economists have suggested. He noted that current bank reserves remain "ample" (above the Fed's defined "sufficient" standard), and the ideal level should be maintained at around $2.7 trillion. Including the Fed's holdings of currency in circulation and the Treasury General Account balance, the total balance sheet would reach $5.8 trillion, compared to the current $6.7 trillion.
- 19:58Fed’s Daly: Expects Two Rate Cuts in 2025, Tariff Impact May Be Weaker Than ExpectedAccording to a report by Jinse Finance, San Francisco Federal Reserve President Mary Daly stated that she still believes there could be two interest rate cuts this year, and noted that the impact of tariffs on prices is increasingly likely to be milder than previously expected. Daly revealed that some companies are negotiating to share the costs of tariffs, thereby reducing the proportion passed on to end consumers. She said that the U.S. economy is in good condition, with economic growth and consumer spending slowing down, but not weakening. Inflation is moving toward the Federal Reserve’s 2% target. “I think there may be two rate cuts, but everyone’s expectations are uncertain, and we are considering implementing rate cuts in the fall,” Daly said.
- 19:32Bitcoin Hits Another All-Time High, Now Trading at $112,438BlockBeats News, July 11—According to market data from a certain exchange, Bitcoin has reached a new all-time high, surpassing $112,000. It is currently quoted at $112,438, marking a 24-hour increase of 2.99%.