🌐Daily Crypto Price Update🌐 Bitcoin (BTC): $115,327.32 Ethereum (ETH): $3,616.70 Ripple (XRP): $3.04 Binance Coin (BNB): $763.60 Solana (SOL): $168.65 Dogecoin (DOGE): $0.2095 Tron (TRX): $0.3267 Cardano (ADA): $0.7336 Superliquid (HYPE): $39.19 Stellar Lumens (XLM): $0.3991 Shiba Inu (SHIB): $0.00001234

US cryptocurrency ETFs saw record net inflows of $12.8 billion in July, fueled by #Bitcoin and #Ethereum. US cryptocurrency ETFs saw record net inflows of $12.8 billion in July, their best monthly performance ever. Bloomberg Senior ETF Analyst Eric Balchunas reported this milestone in a recent article. He highlighted that net inflows into ETFs reached an average of $600 million per day, about double the normal rate. Balchunas said this surge enabled these ETFs to collectively outperform any other ETF in the market, including the popular Vanguard S&P 500 ETF (VOO). Notably, all ETFs in the cryptocurrency category (excluding conversion trusts) attracted new money, demonstrating strong and broad investor demand. Bloomberg ETF experts confirmed that Bitcoin and Ethereum led the gains, contributing equally to the month's total inflows. Balchunas called this the strongest month since the Philadelphia Eagles defeated the Kansas City Chiefs in the Super Bowl, adding that maintaining this momentum in the coming months will be challenging. By comparison, Bitcoin ETFs saw net inflows of $6.02 billion in July, representing 47% of the total $12.8 billion in inflows. This made July the third-best month for Bitcoin ETFs, behind only February 2024 ($6.03 billion immediately following its launch) and November 2024 ($6.49 billion following Donald Trump's election victory). Ethereum ETFs also contributed significantly to the $12.8 billion in total inflows, marking their strongest month ever. In July, Ethereum ETFs saw net inflows of $5.43 billion, representing 42% of the month's total inflows. This figure surpassed the previous record of $2.08 billion set in December 2024, demonstrating growing investor interest in Ethereum since the launch of trading in July 2024. With these inflows, Bitcoin ETFs currently hold $152.01 billion in assets, representing 6.56% of Bitcoin's total market capitalization. Meanwhile, Ethereum ETFs hold $21.52 billion in assets, representing 4.77% of Ethereum's market capitalization.

Saylor calls #Bitcoin "digital capital" and states that MicroStrategy is not seeking to own the entire $BTC supply. Michael Saylor, Executive Chairman of Strategy, views Bitcoin as digital capital and leverages it to build a business model. The Bitcoin maximalist appeared on CNBC's "Squawk Box" today, providing insight into how the company is building a corporate financing framework around this important asset. He explained that Strategy's business model revolves around issuing digital credits such as preferred stock, while using the proceeds to accumulate Bitcoin, which he calls "digital capital." In line with this vision, the company has been using proceeds from fundraising to fund its Bitcoin purchases. Saylor revealed that the company has completed four funding rounds this year alone, including two for $500 million and another for $1 billion. MicroStrategy raised $2.5 billion in its fourth preferred stock offering. The IPO is being hailed as the largest US IPO by total funds raised in 2025. MicroStrategy issued 28 million shares of Series A Perpetual Preferred Stock (STRC) at $90 per share. Shortly after the issuance, Strategy announced on July 29th that it had purchased 21,021 bitcoins for $2.46 billion. This purchase increased the company's bitcoin holdings to 628,791 bitcoins, currently valued at $71.91 billion. Strategy's holdings of 628,791 bitcoins represent approximately 3% of the total bitcoin supply (21 million). Given the significant gains achieved by Strategy's bitcoin holdings, Saylor emphasized that bitcoin is a 50-year asset. In his view, bitcoin investors are well-positioned for potential upside over the next several decades, potentially exceeding 50 years. When asked whether MicroStrategy would have enough bitcoin, Saylor stated that he did not believe holding up to 7% of the bitcoin supply was out of the question. He noted that BlackRock currently holds even more Bitcoin, totaling 740,896, through its iShares Bitcoin Trust (IBIT) ETF. However, he emphasized that MicroStrategy does not intend to own all the Bitcoin in the market. He stated that the company hopes other entities will also get a piece of the action. He also highlighted the growing interest in Bitcoin fund management activities among publicly traded companies. According to Saylor, the number of publicly traded companies holding Bitcoin has surged from 60 last year to over 160. Notably, he still believes that this top asset class can achieve an average annual return (ARR) of 30% over the next 20 years.

Notably, Whale Alert reported several other transactions today involving Kraken and an unknown wallet. Kraken transferred 1.89 million LINK ($31.2 million) to an unmarked address at 11:16 UTC and 680 BTC ($78.4 million) at 09:31 UTC. Notably, all of these transactions involved the transfer of cryptocurrency from Kraken's cold wallet to various exchanges. As of this writing, the specific reasons behind these transactions are unclear. However, their direction suggests they may have been intended to provide liquidity, potentially leading to a sell-off due to the market crash.

Further market insights show that Kraken has been moving XRP recently. As background information, Whale Alert also reported another transaction today involving an untagged address and Kraken. The aforementioned transfer occurred over 12 hours ago, and data confirms that it occurred today at 00:44 (UTC). Notably, “rLHzPs” (the sending address from the previous transaction) also participated in this XRP transfer, but this time as the receiving address. According to XRPScan data, the untagged sending address “rJHkpN” transferred 31,852,903 XRP (worth $95 million) to a Kraken address today. Interestingly, we found that the sending address for this transaction is also associated with Kraken. Specifically, XRPScan shows that the address “rrhT2Hd” activated the sending address on July 10, 2024. Analysis also shows that a “Kraken (1)” account also activated the address on June 21, 2024. Simply put, both transactions involve Kraken transferring funds from one wallet to another, likely from its hot wallet to a secure self-custodial wallet for storage, or vice versa.

Kraken transferred $82,277,388 worth of XRP, valued at $246 million, to an unknown wallet. 🧵🧵🧵

Researchers say if #Bitcoin can hit $1M, $XRP can also hit $1,000. 🧵🧵🧵

Meanwhile, cryptocurrency researcher Andreessen also weighed in on the discussion, comparing the potential of Ripple (XRP) to Bitcoin. He noted that if Bitcoin can reach $1 million, then a target price of $1,000 for Ripple shouldn't be overlooked. Currently, Bitcoin is trading at around $115,500, with a market capitalization of approximately $2.3 trillion. Ripple, trading at $2.94, has a market capitalization of $174 billion, ranking third globally. Andreessen's view is that if market sentiment and adoption can propel Bitcoin this far, then there's no reason Ripple can't follow a similar path. Meanwhile, Bitcoin would only need to increase tenfold from its current price to reach $1 million. This would bring its market capitalization close to $21 trillion, still lower than the world's most valuable asset, gold, which has a market capitalization of $22 trillion. On the other hand, XRP would need to rise by more than 33,200% from its current level to reach $1,000, at which point its market capitalization would reach $59 trillion, exceeding the combined market capitalizations of gold, Bitcoin, Apple, Nvidia, and Microsoft. Critics consider this forecast unrealistic, as such a price would place XRP above other globally valuable assets. Notably, some industry leaders predicting XRP will reach $1,000 have set timelines ranging from 2026 to 2035. Meanwhile, many believe Bitcoin will reach $1 million.

Dom Kwok, co-founder of the EasyA platform, questioned the view that a trillion-dollar valuation is unrealistic. "Why could it (XRP's market capitalization) be twice the size of the US GDP, or more than half the size of the global stock market?" Kwok asked. In his view, dismissing these possibilities stems not from logic but from a lack of imagination. He warned that such a narrow view could ultimately be shortsighted. Other XRP supporters echo Kwok's sentiments, believing that XRP may one day be able to break through the barriers currently considered limitations.

Mill City Ventures Launches $450 Million $SUI Fund Strategy with Foundation Support. Mill City Ventures III, Ltd., a US-based firm, announced a $450 million private placement to lead a bold new fund strategy centered on the rapidly developing layer 1 blockchain, Sui. The Nasdaq-listed company announced in a press statement that it has completed a $450 million private investment in public equity (PIPE). The company plans to use approximately 98% of the proceeds to build a robust SUI token fund. The company disclosed that it has purchased 76,271,187 SUI tokens at an average cost of $3.6389 per token. The acquisition was completed through a combination of over-the-counter transactions and structured in-kind donations in partnership with the Sui Foundation. Mill City confirmed plans to continue accumulating SUI tokens on the open market. Mill City is unique in that it is exclusively backed by the Sui Foundation, making it the only publicly disclosed cryptocurrency fund management strategy with direct foundation support. The foundation, dedicated to developing the SUI ecosystem, invested an equal amount in the placement, demonstrating the depth of the collaboration between the two parties. The company also emphasized that its SUI-centric strategy extends beyond a simple investment portfolio; it is now a core component of its future fund management approach. The funding round attracted interest from prominent investors, including Galaxy Digital, Pantera Capital, Big Brain Holdings, Electric Capital, and GSR. Karatage Opportunities, a London-based hedge fund focused on the digital asset market, led the placement. Following the transaction, the company's co-founders, Marius Barnett and Stephen Mackintosh, will assume key roles at Mill City. Barnett has been appointed Chairman, while Mackintosh has been appointed Chief Investment Officer. Notably, Galaxy Asset Management will serve as the asset manager for Mill City's SUI treasury arm. Galaxy Digital CEO Mike Novogratz praised the move as a "clean, liquid," and "institutional-grade entry" into the cryptocurrency space. He highlighted the combination of SUI and its experienced leadership as key factors supporting this positioning.