Odaily’s July 11 midday brief rounded up a series of crypto and related market developments, led by fresh inflows into U.S. spot crypto ETFs and several corporate updates. The outlet said a housing bill carrying a provision that bans a CBDC has formally taken effect, becoming law even though Donald Trump did not sign it.
On fund flows, spot Bitcoin ETFs recorded total net inflows of $90.44 million for the previous day, with BlackRock’s IBIT leading at $86.8272 million. Spot Ethereum ETFs also stayed in positive territory, bringing in $18.4334 million in net inflows, while BlackRock’s ETHA topped the list with $16.2025 million.
Elsewhere, Tom Lee said traditional finance and crypto finance will eventually merge into one market. Robinhood said its AI agent functions will soon expand into crypto trading. Hyperliquid’s two Hynix-related instruments posted a combined 24-hour trading volume above ETH, making them the second most active assets on the platform. Lighter completed the burn of about 15.64 million repurchased tokens, and Bitdeer maintained a zero-Bitcoin treasury after selling 227.5 BTC this week. The brief also said Trump announced Micron will invest $250 billion in the United States to manufacture memory chips.
Odaily’s midday brief on July 11 listed a batch of crypto market updates and related corporate developments. Among them, a housing bill that includes a provision banning a central bank digital currency, or CBDC, has formally taken effect. The brief said it became law even without Donald Trump’s signature.
Spot ETF inflows stay positive
U.S. spot Bitcoin ETFs posted $90.44 million in total net inflows for the previous day. BlackRock’s iShares Bitcoin Trust (IBIT) led the group with $86.8272 million in net inflows.
Spot Ethereum ETFs also recorded net inflows of $18.4334 million. BlackRock’s iShares Ethereum Trust (ETHA) ranked first with $16.2025 million.
Platform, treasury and corporate updates
Tom Lee said traditional finance and crypto finance will eventually become one market. Robinhood said its AI agent features are about to expand into cryptocurrency trading.
Odaily also said the combined 24-hour trading volume of Hyperliquid’s two Hynix-related instruments moved above ETH, making them the platform’s second most active assets. Lighter has completed the burn of roughly 15.64 million tokens repurchased through its historical buyback program.
Bitdeer maintained zero Bitcoin holdings and sold 227.5 BTC this week, according to the brief. Separately, Trump announced that Micron will invest $250 billion in the United States to manufacture memory chips.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
