• BTC ETFs Recovery: Spot Bitcoin ETFs recorded a capital inflow of $240M on 07/11, ending a 6-day outflow streak. Total inflows this month have turned positive, with Solana ETFs attracting $29.2M.
• XRP Explodes: XRP outperforms BTC with a significant volume increase, thanks to the ETF filing entering the '20-day window.' Investors withdrew $300M XRP from the exchange, but the risk from long-term holders remains.
• DeFi & Hack Risks: A major DeFi exploit caused a loss of $93M for Stream Finance, leading to a suspension of operations. Yield-bearing stablecoins outflow $1B - the largest since the Luna collapse. The DePIN sector increased by 10%+, led by Filecoin (+53%).
• Regulations & Global: Japan supports 3 major banks issuing yen-backed stablecoins. Canada plans to regulate stablecoins; Australia sanctions Lazarus Group (North Korea) for hacking crypto $1.9B. Google integrates prediction market data from Polymarket & Kalshi.
• Ripple Achieves Major Success: Ripple raises $500M from Citadel & Fortress, valuing the company at $40B. CEO Brad Garlinghouse is praised as the 'best in crypto.'
