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Ark Invest increased its holdings in Circle stock by $13.9 million and Block stock by $1.5 million on Tuesday
Cathie Wood's Ark Invest on Tuesday increased its holdings by approximately $13.90 million in Circle stock and $1.50 million in Block Inc. stock, while reducing its holdings by approximately $3.20 million in Robinhood stock.
A whale went long on 20,000 CXMT with 5x leverage and has made a profit of approximately $44,000
According to Lookonchain monitoring, a Hyperliquid whale with $75.40 million in funds is going long on CXMT. The whale opened a 5x leveraged long position of 20,000 CXMT (valued at approximately $164,000.00) at a price of $6.00, and is currently profiting around $44,000.00.
Additionally, the whale has set limit orders between $5.80 and $7.20 to increase its CXMT long position.
Binance plans crypto super app with payments, stocks and stablecoins
Binance is looking beyond cryptocurrency trading as it works to build a broader financial “super app” centered on payments, stablecoins and investment products. Shunyet Jan, the exchange’s head of spot trading and derivatives, outlined the strategy as Binance marked its ninth anniversary. In an interview with CoinDesk, Jan said trading remains central to Binance but no longer defines the full market available to the company. “We’re trying to not just be a crypto exchange, but be a super app that involves payment,” he said.
Stripe and Advent propose to acquire PayPal for over $53 billion
According to Reuters, payment company Stripe and private equity firm Advent International have jointly made an acquisition offer to PayPal, with a bid of $60.50 per share, valuing the company at over $53.0 billion, a premium of approximately 28% over PayPal's closing price on Tuesday.
The offer was submitted earlier this month and is supported by approximately $50.0 billion in committed bank financing. Stripe and Advent had initial contact in early April. PayPal has not yet responded, and both parties are seeking to reach an agreement by the end of this month.
Under the proposal, Stripe and Advent would jointly own PayPal, each holding a 50% stake, rather than splitting the company.
OKX will launch tokenized U.S. equity spot trading, with the first batch going live on July 16
According to an official announcement, OKX will open the first batch of tokenized US stock spot trading on July 16th. Users can hold and trade price exposure to underlying stocks or ETFs in "share" units. The assets will be named by adding "X" before the stock code (e.g., XNVDA, XTSLA). Deposits and withdrawals can be made via the Solana and X $Layer networks, supporting 7x24 trading. Trading pairs will be priced in USDT.
It is understood that this product trades year-round, and prices outside of trading hours will be calculated based on the latest closing price plus market estimates. Positions, such as spot and stock perpetual contracts, will be unified in the same account, traded directly with $USDT, and do not require a brokerage account. It supports automated trading with strategy bots like DCA and grid trading. Dividends will be reinvested at the issuer level and returned in the form of increased shares.
Bitcoin & Ethereum Spot ETF Flow
Bitcoin Spot ETF saw a total net inflow of 181.08M 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 181.08M USD yesterday (Eastern Time, July 14th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 138.91M USD, and the total historical net inflow of IBIT currently stands at 60.24B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 21.07M USD, and the total historical net inflow of FBTC currently stands at 9.93B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 77.96B 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 51.03B USD.
Ethereum spot ETFs saw a total net inflow of $58.3385 million yesterday, with none of the ten ETFs experiencing net outflows.
According to SoSoValue data, yesterday (July 14, US Eastern Time), Ethereum spot ETFs had a total net inflow of $58.3385 million. The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock's ETF ETHA, with a single-day net inflow of $58.3385 million. Currently, ETHA's total historical net inflow has reached $11.237 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $10.091 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) has reached 4.46%, and the cumulative historical net inflow has reached $11.016 billion.
