According to CNBC, JPMorgan Chase CEO Jamie Dimon said on the earnings call that despite his skepticism toward stablecoins, the bank will participate in efforts involving both the JPMorgan deposit coin and stablecoins amid rising fintech competition. Citigroup executives on the same day said they are considering issuing a Citi stablecoin and are exploring tokenized deposits and crypto custody opportunities. — link

eth/btc
sbet/mstr

up

pumpfun started buyback

https://x.com/Dumpster_DAO/status/1945169971576783198

HOUSE REPUBLICANS HAVE FAILED TO CLEAR A PROCEDURAL MOTION THAT WOULD ALLOW CONSIDERATION OF A PAIR OF CRYPTO BILLS

CRYPTO WEEK CANCELLED ⚠️

According to an SEC filing, Peter Thiel, co-founder of PayPal and prominent Silicon Valley investor, indirectly holds a total of 5,094,000 shares of common stock in Bitmine Immersion Technologies, Inc. through multiple affiliated entities, representing 9.1% of the outstanding shares. — link

On July 15, spot Bitcoin ETFs saw a total net inflow of $403 million, marking nine consecutive days of net inflows. Spot Ethereum ETFs recorded a total net inflow of $192 million, marking eight consecutive days of net inflows. — link

When deciding portfolio composition for ETH, I looked into its associated betas that historically showed upside reflexivity. $PEPE, $LDO, $OP, $ARB were the OG 'kneejerk' ETH betas of old.

I ultimately decided to stick purely with ETH as I suspected a large component of marginal buying would not come from natives but instead TradFi. So far ETH ETF inflows have hit record numbers, and ETH betas have by comparison barely kept up.

So far, so good.

the next best play after eth is either leveraged eth or sbet

no others

bumping crossing the rubicon piece by dgs

https://www.egirlcapital.com/writings/XhZUcsakRjWCUTfHMHE2Sw