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Galaxy Digital's Alex Thorn refuted claims that Murad Mahmudov secretly sold $20 million in SPX tokens, asserting the rumors were a fabrication aimed at misleading the public. Despite this, SPX continues to struggle in the market.
Despite strong institutional interest, the IBIT Bitcoin ETF faces significant hurdles, including its vulnerability to stock market declines and recent ETF outflows in 2025.
Curve Finance founder Michael Egorov is developing Yield Basis, a new project aiming to solve impermanent loss, according to a pitch deck obtained by The Block.Yield Basis has raised $5 million at a $50 million token valuation, Egorov confirmed.
The move represents a 2% daily gain for ETH, while the total crypto market capitalization has declined by 2.4%.
- 04:12James Wynn switches from bearish to bullish, opens 25x leveraged ETH long position worth $14.6 millionAccording to a report by Jinse Finance, HyperInsight monitoring shows that JamesWynn closed his short position an hour ago and switched to open a 25x leveraged long position on ETH, with a position value of $14.6 million. The specific position details are as follows: Entry price: $3,569.47 Profit and loss: +$102,660
- 04:06Data: Bitcoin Spot ETFs Recorded a Net Inflow of $363 Million Yesterday, Marking 12 Consecutive Days of Net InflowsAccording to ChainCatcher, citing SoSoValue data, the total net inflow into Bitcoin spot ETFs reached $363 million yesterday (Eastern Time, July 18). The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock’s ETF IBIT, with a net inflow of $497 million for the day. To date, IBIT’s historical total net inflow has reached $56.974 billion. Next was the WisdomTree ETF BTCW, with a single-day net inflow of $3.1143 million. BTCW’s historical total net inflow now stands at $40.6395 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Grayscale’s ETF GBTC, with a net outflow of $81.2873 million for the day. GBTC’s historical total net outflow has now reached $23.506 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $152.398 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market cap) at 6.51%. The historical cumulative net inflow has reached $54.751 billion.
- 04:06James Wynn: Missed the Shorting Opportunity, Will Wait Until the PUMP Fully Bottoms Out Before Considering EntryAccording to ChainCatcher, crypto trader James Wynn tweeted, "I missed the shorting opportunity because I was busy making money elsewhere. These new token launches always end the same way. In my view, it's best to wait until the PUMP has completely bottomed out before considering entry."