Periscope Analytics analyst Brian Freitas said newly listed American depositary receipts, or ADRs, of SK Hynix could trade at a valuation premium in the very near term. In his report dated July 13, Freitas estimated that the premium may reach 30% to 35% before narrowing later, citing limited passive buying for the U.S.-listed securities. SK Hynix raised $26.5 billion in its U.S. offering, according to the report cited by BlockBeats. The company’s ADRs made a strong Nasdaq debut last Friday and closed up nearly 13%. In early trading in Seoul on July 13, however, the stock fell 10%. The note points to a short-lived disconnect between the newly listed U.S. instrument and the underlying shares, with Freitas expecting the gap to tighten after the initial trading period.

Bitmine Chairman Tom Lee said at WebX 2026 in Tokyo that the company plans to gradually increase its Ethereum holdings to 5% of total supply, after accumulating 5.74 million ETH in its first year, equal to 4.8% of supply. Speaking in a presentation titled “Ethereum: The Cure for the Wealth Uncanny Valley,” Lee outlined a series of milestones for the firm. He said Bitmine launched MAVAN, which he described as the largest single staking operator, rolled out the “Moonshot” investment plan to strategically back ecosystem projects, and reached a partnership with EF 2.0 that he characterized as non-commercial. He also said the company issued ETH preferred stock for the first time, with a current yield below MSTR, joined the New York Stock Exchange main board, and was added to the Russell 1000 large-cap index. Looking ahead, Lee said Bitmine will fund EF-related derivative projects, identify and invest in crypto-finance unicorns, and keep building around the Ethereum ecosystem. He also described his vision for an “ETH 2.0” era, saying “ETH is money” and adding that, under a new foundation leadership, ETH could become the settlement layer for the AI era.

Eintracht Frankfurt’s Valorant team won the EMEA Last Chance Qualifier on July 12, securing a place in the VCT qualifier stage, according to Techub News. The club launched its esports division in February 2024, making it an example of a traditional sports organization moving into competitive gaming. The report said the tournament featured eight teams in a single-elimination format, with the final played as a best-of-five series. It also linked the result to broader attention on fan tokens in sports and esports. According to CryptoBriefing, clubs including Paris Saint-Germain and Barcelona have already issued fan tokens through Socios and Chiliz. Those tokens give holders access to limited governance voting and exclusive content. The report added that this model has generated hundreds of millions of dollars in revenue across the industry. The item focuses on how a traditional football club’s esports expansion and competitive progress are intersecting with a digital asset model that has already been adopted by major global clubs.

BitMine Chairman Tom Lee said at WebX 2026 that he still views ETH as money and argued that Ethereum is moving into an “ETH 2.0” phase. Drawing a comparison with the valuation rerating seen in Amazon, Nvidia, and JPMorgan during their “1.0 to 2.0” transitions, Lee said Ethereum could see a similar shift and set a long-term price target of $250,000 for ETH. Lee also said market sentiment has bottomed and described Ethereum as the remedy for what he called the “wealth uncanny valley.” He disclosed that BitMine has acted as lead investor in two Ethereum Foundation spinout organizations: EthLabs, founded by former Ethereum Foundation contributors, and Ethereum Institutional, an independent nonprofit. According to Lee, the two groups focus on accelerating Ethereum’s “institutional supercycle” and pushing large-scale onchain adoption in institutional finance. Lee added that BitMine currently holds 5.74 million ETH, equal to 4.8% of total ETH supply. The firm’s goals include slowing the pace of accumulation, gradually increasing its holdings to 5% of ETH supply, continuing to fund Ethereum Foundation spinout projects and public goods, and investing in financial services and crypto unicorns tied to the Ethereum ecosystem.

BlockBeats reported on July 13, citing Coinglass data, that Bitcoin falling below $61,000 would bring cumulative long liquidation intensity on major centralized exchanges to $501 million. On the upside, if BTC breaks above $65,000, cumulative short liquidation intensity across major CEXs would reach $882 million. The report also noted that liquidation maps do not show the exact number of contracts waiting to be liquidated, nor the precise value of contracts that would be wiped out. Instead, the bars on the chart represent the relative importance, or intensity, of each liquidation cluster compared with nearby clusters. In practical terms, the chart is meant to show how strongly the market may react once the underlying asset reaches a given price level. Higher liquidation bars suggest a stronger reaction tied to a wave of liquidity once that level is hit.

HYPE spot exchange-traded funds recorded $10.36 million in net inflows during the trading week of July 6 to July 10, Eastern Time, according to data from SoSoValue cited by ChainCatcher. Bitwise’s BHYP led weekly inflows with $8.9718 million, lifting its cumulative historical net inflow to $133 million. Grayscale’s HYPG ranked second with $3.3325 million in weekly inflows and a historical total of $126 million. The biggest weekly outflow came from 21Shares’ THYP, which saw $1.9477 million leave the fund during the same period, while its cumulative historical net inflow stood at $55.05 million. As of press time, total net assets across HYPE spot ETFs were $351 million. The ETF net asset ratio, measured as the share of HYPE’s total market capitalization, was 2.35%, and cumulative historical net inflows across the category had reached $309 million.

XRP spot exchange-traded funds saw $7.18 million in net outflows during the July 6 to July 10 trading week, according to SoSoValue data cited by Odaily. The biggest weekly outflow came from Bitwise ETF XRP, which lost $7.2918 million over the period. SoSoValue said the product’s historical cumulative net inflow stands at $494 million. The week’s largest net inflow was recorded by 21Shares ETF TOXR, which added $107,400. Despite that weekly gain, TOXR’s historical cumulative net outflow remains $20.06 million. As of publication, the total net asset value of XRP spot ETFs stood at $997 million. The ETF net asset ratio, measured as the share of XRP’s total market capitalization, was 1.45%. Historical cumulative net inflows across XRP spot ETFs reached $1.48 billion, the data showed.

HYPE spot exchange-traded funds posted $10.36 million in net inflows over the July 6 to July 10 trading week, according to SoSoValue data cited by Odaily. Bitwise’s BHYP led the group with $8.9718 million in weekly net inflows, bringing its cumulative historical net inflows to $133 million. Grayscale’s HYPG followed with $3.3325 million in weekly net inflows and $126 million in cumulative net inflows. The biggest weekly outflow came from 21Shares’ THYP, which recorded $1.9477 million in net outflows. Even so, THYP’s historical cumulative net inflows stood at $55.05 million. As of publication, total net assets across HYPE spot ETFs were $351 million, while the ETF net asset ratio, measured as a share of HYPE’s total market capitalization, reached 2.35%. Historical cumulative net inflows for the category rose to $309 million.