June Core Inflation Data in the US Fell Short of Expectations
According to Jinshi data, headline inflation in the US was announced at 2.7%, compared to expectations of 2.6%. Core CPI for June was announced at 2.9% on an annual basis.
The expectation was 3%. On a monthly basis, the seasonally adjusted core CPI was 0.2%, below the expectation of 0.3%.
Crypto Legislation Fails to Pass First Hurdle in House of Representatives
A procedural vote on digital asset legislation in the House of Representatives was rejected. This has thrown the progress of bills aimed at providing clarity to the crypto sector into uncertainty.
Senator Cynthia Lummis Calls for Fed Chair Powell’s Resignation
US Senator Cynthia Lummis said on X that Fed Chair Jerome Powell should resign. Lummis clearly stated that Powell should not continue in his role.
GameStop CEO: Our Bitcoin Purchase Is a Measure Against Inflation
Speaking to CNBC, GameStop CEO Ryan Cohen stated that the company’s purchase of 4,710 BTC was merely a measure against inflation. Cohen said that they would not adopt a model similar to MicroStrategy and would move forward with their own strategy.
BlackRock’s Crypto ETF Entries Increased by 366% in the Second Quarter
According to Cointelegraph, BlackRock’s 2025 second quarter report stated that entries into crypto ETF funds reached $14 billion, an increase of 366% from the previous quarter. Crypto products accounted for 16.5% of total ETF entries for the quarter.
Function Secures $10 Million Investment Led by Galaxy Digital
According to CoinDesk, crypto infrastructure company Function raised $10 million in a seed funding round. The round was led by Galaxy Digital, with participation from Antalpha and Mantle. Function aims to develop institutional-grade Bitcoin yield solutions.
Trend Research Transfers Over 27,000 ETH to Exchanges in 12 Hours
According to data from Aunt Ai, Trend Research, associated with Lede Capital, transferred approximately $72.2 million worth of 27,454 ETH to exchanges within 12 hours. It is anticipated that the company closed its Aave positions to realize profits and that sales will continue.
Citigroup Exploring Stablecoin Launch
Citigroup has joined global banks in exploring stablecoin initiatives. The bank is conducting research on digital currency issuance.
Bitcoin Spot ETFs See Uninterrupted Inflows for 9 Days
According to SoSoValue data, there was a net inflow of $403 million into Bitcoin spot ETFs on July 15. BlackRock’s IBIT product led with $416 million in inflows, while Grayscale GBTC saw $41 million in outflows.
Ethereum Spot ETFs Record Inflows for the Eighth Consecutive Day
According to SoSoValue, Ethereum spot ETFs recorded net inflows of $192 million yesterday, marking their eighth consecutive day of inflows. BlackRock’s ETHA product maintained its lead with $172 million, while Fidelity’s FETH product saw $12 million in inflows.
by Darkex Research – 1 min read
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