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U.S. spot Bitcoin ETFs recorded inflows of დაახლოებით $181 million on Tuesday, rebounding from roughly $425 million in outflows the previous day, according to SoSoValue. Meanwhile, Ether ETFs attracted about $58 million in fresh capital.
DTCC advances tokenization efforts: WSJ
The Depository Trust & Clearing Corporation is set to digitize a selection of equities and U.S. Treasurys by converting them into blockchain-based tokens, the Wall Street Journal reported.
Nearly 40 traditional finance institutions—including Goldman Sachs, BlackRock, JPMorgan, and Vanguard—are participating in the pilot program.
Assets slated for tokenization include shares of Microsoft and Circle, along with ETFs such as Invesco’s QQQ, State Street’s SPDR S&P 500 ETF (SPY), and iShares’ 0–3 Month Treasury Bond ETF.
Inflation likely at its peak, says NY Fed’s Williams
New York Fed President John Williams said there are positive signs that inflation has already peaked and should gradually decline in the coming quarters.
He expects inflation to fall to around 3.25% by the end of the year, before moving steadily toward the Fed’s 2% target by 2027 and reaching it in 2028.
Combined with softer producer price data released earlier, Williams’ comments helped push Bitcoin above $65,000 for the first time in weeks.
PPI data comes in cooler than expected
U.S. producer prices fell 0.3% in June, below expectations for no change and reversing May’s 0.6% increase. On a yearly basis, PPI rose 5.5%, missing forecasts of 6.2%.
Core PPI, which excludes food and energy, increased 0.2% in June versus expectations of 0.4%. Year-over-year, core PPI rose 4.7%, also below projections.
Following the data, Bitcoin extended gains to around $64,800, up 2.1% over 24 hours, while Nasdaq 100 futures rose 0.5%.
Treasury yields declined, with the 10-year falling to 4.58% and the 2-year slipping to 4.17%.
Crypto sees return of speculative capital
As of mid-July, the Dow Jones U.S. Thematic Market Neutral Momentum Index—tracking popular AI-related trades—is on pace for its worst month since December 2023.
In contrast, some speculative capital appears to be rotating back into crypto markets. Bitcoin has gained roughly 10% so far in July, while Ether has surged about 20%.
Saylor criticizes BIP 110
Strategy Executive Chairman Michael Saylor labeled Bitcoin Improvement Proposal 110 as harmful, describing it as an “iatrogenic” measure—one that causes damage through its own implementation.
His remarks drew criticism from supporters of the proposal, including Matthew Kratter and Luke Dashjr.
U.S. conducts strikes on Iran
The U.S. Central Command confirmed a series of precision strikes targeting Iran’s coastal defense systems and missile infrastructure on Greater Tunb Island.
Despite the geopolitical development, markets remained steady, with Bitcoin holding near $64,500, oil prices flat, and Nasdaq futures modestly higher.
White House advisor sees no need for rate hikes
Kevin Hassett, director of the National Economic Council, said recent economic data does not justify raising interest rates.
He noted a recent discussion with Fed Chair Kevin Warsh and expressed confidence in the Fed’s direction on monetary policy.
PayPal jumps on acquisition bid
PayPal shares surged more than 21% in premarket trading after reports that Stripe and Advent International made a $60.50-per-share offer, valuing the company above $53 billion.
The deal, if completed, would merge two major payment firms expanding into stablecoins and blockchain-based settlement. PayPal’s PYUSD stablecoin currently has a market cap of about $2.8 billion.
ETF flows rebound alongside prices
Bitcoin and Ether ETFs both saw renewed inflows following a sharp outflow session. BlackRock’s IBIT led Bitcoin ETF inflows with about $139 million, while Fidelity’s FBTC added around $21 million.
On the Ether side, BlackRock’s ETHA accounted for the full $58 million inflow.
The rebound coincided with price gains, with Bitcoin ETFs rising nearly 4% and Ether funds about 6%—their strongest daily performance in weeks.
Total Bitcoin ETF assets climbed back to around $78 billion, while Ether ETF assets surpassed $10 billion.
Despite the recovery, July flows have remained volatile, alternating between inflows and outflows, with no sustained trend in either direction.
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