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BlackRock CEO: Very optimistic about the development prospects of cryptocurrency in the next 12 months
Larry Fink, CEO of the world's largest asset management company BlackRock, stated that he is optimistic about the market in the next 12 months, as the technological revolution will drive improvements in the profit margins of more companies. He noted that BlackRock's profit margin has increased by 260 basis points over the past 12 months, and the company has added $1 trillion in assets without increasing its workforce.
Larry Fink mentioned that the current market leverage levels are lower than those in 2008 and 2009, and the implied leverage is not high when measured against the current capital market size. He also indicated that certain assets, financial products, or international markets may still carry concentration risks. Larry Fink expressed that he had previously been concerned about leverage in the Bitcoin and cryptocurrency markets, as there had been too many leveraged participants in the market. He believes that after the leverage has been cleared, Bitcoin and the cryptocurrency market are more stable at current levels.
A whale deposited $10,000,000.00 USDC into Hyperliquid, heavily shorting CXMT
On July 16th, according to monitoring by on-chain analytics platform Lookonchain, a newly created wallet address deposited $10 million $USDC into Hyperliquid and immediately established a short position in CXMT. The specific holdings are as follows: Opened position: 1x short of 514,357 CXMT, valued at approximately $3.8 million; Added short order: Limit short of 490,000 CXMT (approximately $4.17 million), with a trigger price range set between $8 and $9.
Ark Invest increased its holdings of SpaceX stock by $16.6 million and reduced its holdings of Robinhood stock by $3.9 million on Wednesday
THE BLOCK: Cathie Wood's Ark Invest bought $16.6 million worth of SpaceX shares on Wednesday. Ark also sold $3.9 million worth of Robinhood as gained 1.84% to close the day at $115.54.
Pei Dun: Ostium's public OLP treasury has been stolen of approximately 24,000,000 USDC
According to PeckShield, Ostium's public OLP treasury has been stolen of approximately 24.00 million USDC. The attacker exchanged the funds for 12,080 $ETH and has currently deposited 10,540 $ETH into Tornado Cash. The attacker initially transferred 1 $ETH each to the wallet address via ChangeNow and Bybit as initial funds.
Bitcoin & Ethereum Spot ETF Flow
Bitcoin Spot ETF saw a total net inflow of 107.80M USD yesterday, with none of the twelve ETFs experiencing a net outflow
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 107.80M USD yesterday (Eastern Time, July 15th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 80.82M USD, and the total historical net inflow of IBIT currently stands at 60.32B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 16.94M USD, and the total historical net inflow of FBTC currently stands at 9.94B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 78.47B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.02%. The historical cumulative net inflow has reached 51.14B USD.
Ethereum spot ETF had a total net inflow of $53.83 million yesterday, with BlackRock ETHA leading with a net inflow of $45.2916 million
According to SoSoValue data, yesterday (July 15, US Eastern Time), Ethereum spot ETFs had a total net inflow of $53.83 million. Yesterday, the Ethereum spot ETF with the largest single-day net inflow was Blackrock ETF ETHA, with a single-day net inflow of $45.29 million. Currently, ETHA's total historical net inflow has reached $11.282 billion.
Next was Grayscale's Ethereum Mini Trust ETF $ETH, with a single-day net inflow of $4.5786 million. Currently, $ETH's total historical net inflow has reached $1.814 billion.
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