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Bitcoin ETFs have experienced a remarkable week of consistent inflows, with BlackRock's IBIT leading the charge. However, a bearish sentiment in the futures market suggests caution as investors eye potential pullbacks.
Share link:In this post: Shein and Temu have sharply raised prices for U.S. shoppers in response to the new Trump-era tariffs on Chinese goods. Some products on Shein have surged by up to 377%, while Temu has doubled prices on select items to offset potential tariff costs. Reports suggest this is just the first wave, with other major retailers expected to follow suit as the tariff regime fully kicks in.
Share link:In this post: The Euro rally sparked speculation for EURC, Circle’s alternative currency stablecoin. EURC volumes increased in April, as the supply expanded to over 211M tokens. EURC is expanding its volumes on DEX, with new liquidity pools added to Solana markets Orca and Meteora.
- 09:22Subsidiary of Hong Kong-listed JETCO applies for license upgrade to offer virtual asset trading and related servicesAccording to Jinse Finance, as reported by Zhitong Finance, TradeGo FinTech (08017.HK) recently announced that its wholly-owned subsidiary, TradeGo Markets Limited, has decided to submit an application to the Hong Kong Securities and Futures Commission to upgrade its existing Type 1 (dealing in securities) regulated activity license. This upgrade aims to enable the provision of virtual asset trading and related services through the arrangement of opening omnibus accounts on SFC-licensed platforms. TradeGo Markets has already initiated discussions with the SFC regarding its application intentions.
- 09:20Trader Eugene: Major ETH Buying Comes from Traditional Capital, No Plans to Buy Ethereum-based Altcoins for NowAccording to Odaily Planet Daily, trader Eugene stated in a post that when deciding on the composition of his ETH positions, he specifically reviewed the historical list of “positively correlated” ETH beta tokens (i.e., altcoins that tend to outperform ETH), such as PEPE, LDO, OP, ARB, and others. Eugene believes that a significant portion of new buying interest will not come from insiders, but rather from traditional finance (TradFi) capital. Currently, inflows into ETH ETFs have reached record highs, while those ETH beta tokens have barely followed the upward trend. As a result, he has decided not to participate in the aforementioned altcoins for the time being.
- 08:48Blockchain Infrastructure Platform Aspecta Announces Token Name ASP with a Total Supply of 1 BillionOdaily Planet Daily reported that blockchain infrastructure platform Aspecta has announced its token name as ASP, with a total supply of 1 billion tokens.Previously, it was reported that YZi Labs announced a strategic investment in Aspecta on July 10. Aspecta is dedicated to providing intelligent verification, price discovery, and lifecycle liquidity for illiquid assets such as pre-TGE shares, locked tokens, private equity, and RWAs.