$3.7 Billion Inflows into Digital Asset Funds: Second-Highest Weekly Inflow on Record
According to CoinShares’ latest report, digital asset investment products recorded $3.7 billion in inflows over the week. This marks the second-highest weekly inflow on record, with total assets under management (AuM) surpassing the 200-billion-dollar mark for the first time, reaching 211 billion dollars. Bitcoin saw inflows of 2.7 billion dollars, while Ethereum received 990 million dollars, marking the 12th consecutive week of inflows for Ethereum.
Trump Administration’s Regulatory Flexibility Enables Crypto Companies to Enter US Banking Sector
According to the Financial Times and other sources, crypto companies such as Ripple, Circle, and BitGo have applied for national bank licenses to operate across the US, taking advantage of the Trump administration’s friendly regulatory approach to digital assets. Circle aims to establish the “First National Digital Currency Bank” to strengthen the USDC infrastructure, while Ripple has applied for a Fed account to hold reserves directly. Kraken, on the other hand, plans to integrate with traditional finance through card products without applying for a full bank license.
K33 Purchased 36 More BTC, Increasing Its Total Holdings to 121 BTC
According to an official statement, Swedish-based Bitcoin asset management company K33 purchased 36 more Bitcoin for approximately 42.8 million Swedish kronor. The company’s total Bitcoin holdings have reached 121.
Strategy Purchased 4,225 BTC Last Week
According to market reports, Strategy purchased 4,225 Bitcoin at an average price of $111,827 between July 7 and 13. This transaction totaled approximately $472.5 million.
Aave Achieves a First in the DeFi Sector with Over $50 Billion in Net Deposits
According to data from The Block, the decentralized lending protocol Aave’s net deposits have exceeded $50 billion. This is a first for a DeFi protocol, while credit transactions on Ethereum are dominant in the sector with $63 billion in locked assets. Aave’s governance community is discussing new upgrade plans, including “Aave V4.”
UK-based Vaultz Capital
According to an official statement, UK-listed digital asset company Vaultz Capital has raised £1 million through a capital increase. The funds will be used to continue the company’s business operations and develop its Bitcoin reserve strategy.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research
