Market Trends - Crypto markets are showing clear segmentation, indicating a deeper adoption cycle is beginning [1] - Treasury buyers are focusing on Bitcoin (BTC) [1] - Corporate Bitcoin holdings have surpassed 159,000 BTC this quarter [1] Payment Systems - Payment and settlement systems are primarily being built on stablecoins across 30+ chains [1] Trading Activity - Trading desks are accumulating Ethereum (ETH) [1] - Spot ETH flows reached $214 million today [1]

eth etf inflows just absorbed 34x daily issuance76,940 eth locked into etfs today as exchange supply hits yearly low. staking ratio breaks athcorporates starting to realize holding without yield is leaving money on the tablenumbers getting hilarious at this point ...

Market Trends - Treasury bonds are exploring the possibility of combining ETH yields with capital appreciation [1] - ETH futures trading volume surpasses BTC futures volume, reaching $62.1 billion vs $61.7 billion respectively [1] ETF Flows - ETH ETF inflows are nearly equivalent to BTC ETF inflows, with $211 million vs $216 million respectively [1] Corporate Finance - The report suggests a potential shift in corporate treasury management towards incorporating ETH [1]

blackrock dropped $158.6m on eth and $126.25m on btc in same day• miners ditching btc positions for eth staking yields• $16.2m eth shorts got rekt as futures volume flipped btc• btc mutual funds beat market by 22.1%different games being played here ...

eth futures just flipped btc ($62.1b vs $61.7b)• 127,971 eth bought by 7 entities in 24h• 159,107 btc added to balance sheets in q2• eth etf flows 34x higher than issuancesmart money playing two different games ...

eth futures volume just flipped btc ($62.1b vs $61.7b)meanwhile corps added 159k btc to treasuries in q2different money different games ...

ETF Flows - ETH ETF 的资金流入量是每日发行量的 34 倍 [1] - 市场对 ETH 的接受度显著提高 [1] Investment Activity - BlackRock 今日增持 1.58 亿美元的 ETH 和 1.26 亿美元的 BTC [1] - Bit Digital 等公司将企业资金 100% 投入 ETH [1] Hedging - ETH 的基差交易对冲比例仅为 27%，而 BTC 为 53% [1]

ETF Market Dynamics - Spot Bitcoin ETFs hold $140 billion [1] - Ethereum is being locked at a rate of 79,000 ETH daily, 34 times the issuance rate [1] - Category size has doubled since January [1] Institutional Investment - Corporations acquired 159,000 Bitcoin in Q2 [1] Ethereum Network Activity - $80 million in Ethereum blocks are moving regularly [1]

pumpfun at 24% market share seeking $4B valuation• july 12: token sale starts• july 15: tge• raising $600M (already made $700M)• eu users banned from buying• no airdrop for usersmarket gives dying platforms premium valuations right before they flatline ...

Wait, so GMX just got drained for $42M on the same day Franklin Templeton and BlackRock joined Arbitrum?• $42M exploit via reentrancy• $9.6M bridged to ETH already• GMX down 28% to $11.20• BlackRock onboarded yesterday• WisdomTree deployment liveAre we really ready for institutional capital when basic reentrancy attacks still work? ...