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According to Farside Investors data, as of the week ending July 24, the net inflow for Ethereum spot ETFs was $103.8 million, about three times that of Bitcoin spot ETFs at $33.9 million, surpassing Bitcoin products for the second consecutive week. The gap mainly comes from BlackRock: its Ethereum fund ETHA attracted $96.3 million, while the largest crypto ETF Bitcoin fund IBIT saw a net outflow of $95.5 million, with outflows of $202.5 million and $212.2 million on Thursday and Friday, respectively.Bitcoin ETFs performed strongly at the beginning of the week (with a total inflow of about $430 million on Monday and Tuesday), but then reversed sharply. Ethereum ETFs were more stable, with continuous inflows for the first four days before a $70.7 million outflow on Friday. The weekly inflow for Bitcoin ETFs decreased by 55% compared to the previous week, while Ethereum remained flat. On-chain, the largest corporate ETH holder BitMine Immersion increased its holdings by 104,512 ETH over the past 30 days and currently holds 5.78 million ETH, accounting for 4.8% of the supply. ETH is currently priced at about $1,936, and BTC at about $64,780.

CryptoQuant analysis indicates that Binance's Bitcoin inflow data has shown significant divergence. The total inflow from whales over the past 30 days is $3.9 billion, a decrease of 44.3% from the peak of about $7 billion on June 12; retail inflows are $7.8 billion, a decrease of only 22% from about $10 billion on June 5. Retail inflows are currently about twice that of whales, with a gap of $3.9 billion.The analysis points out that this divergence coincides with the eve of the Federal Reserve's FOMC meeting. Federal funds futures are currently pricing in about a 36% probability of a 25 basis point rate hike, with maintaining the target range of 3.5-3.75% being the more likely scenario. From the perspective of Bitcoin, an unexpected rate hike could support the dollar and Treasury yields, increasing volatility in risk assets; if the rate hike is paused with dovish guidance, it may partially alleviate macro pressures. The Federal Reserve's decision on Wednesday will be a key variable in testing whether this divergence continues or begins to converge.

Currently, the bill is stalled in the Senate, with Democrats demanding stronger ethical constraints regarding the conflict of interest related to the Trump family's cryptocurrency. As the congressional recess approaches, there is little time left in the legislative window.

EPIK creator Mando posted that the total supply of EPIK is 1 billion tokens, of which he has personally repurchased 356 million tokens and destroyed 154 million. Additionally, the liquidity pool (LP) has destroyed 81 million tokens.He stated that nearly 60% of the supply has disappeared and mentioned that he did not acquire 50% of the tokens through airdrops, but instead spent 3 years and seven figures to purchase a large number of tokens.

Coinbase CEO Brian Armstrong tweeted in response to the viewpoint "If you're in the cryptocurrency space, turn to AI," stating that this is a flawed way of thinking and a zero-sum game mentality. Brian Armstrong emphasized that cryptocurrency is a universal technology, an infrastructure, just like electricity or the internet. It does not compete with the next hot technology because it supports the latter. It is "both-and," not "either-or." Artificial intelligence, as a major trend, does not diminish the importance of cryptocurrency. On the contrary, it makes cryptocurrency even more important.AI agents require their own financial infrastructure, and ultimately their daily trading volume will far exceed the total of all human trading volumes. They cannot open bank accounts, cannot wait three days to receive remittances, and they cannot reside in just one country. They need real-time programmable money (which is exactly what cryptocurrency is). Agents need to hold funds and make payments themselves. Coinbase was the first to launch the x402 protocol, Base, and USDC, which now support the vast majority of payments for agents. Agents will also participate in trading and act as financial advisors. They will raise or borrow funds for ongoing new projects. They will also save users from the tedious tasks of tax planning, portfolio rebalancing, and bill payments.

According to Business Insider, Musk reiterated and refined the timeline: within about 5 years, overall AI intelligence may surpass the total human intelligence; within about 10 years, humans are likely to no longer dominate (the intelligence gap is far greater than that between chimpanzees and humans). He stated that AI can do better in almost all aspects except "being human" itself.Musk believes the most likely outcome of AI development is an "era of astonishing abundance," where robots + AI can produce goods and services far exceeding human consumption capacity, allowing anyone to have whatever they want. By around 2036, "money may no longer matter."He believes that the government could directly issue checks to the public (similar to universal basic income), as output surges, and deflation is more likely to occur rather than inflation; the traditional logic of taxation/re-distribution may fail under the new paradigm. He accepts that there is about a 10-20% risk of human extinction from AI, but believes that the momentum of development is unstoppable, having reached a "philosophical conclusion": if it cannot be stopped, then join in and "enjoy the journey."

BitMart's global CEO Nenter Chow posted on the X platform stating that he was informed on July 24 that his position as global CEO would be terminated and that he would immediately enter the resignation process.Nenter Chow stated that since July 24, he has not participated in BitMart's management and decision-making, nor has he been involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated that he only learned of this decision after the official announcement from BitMart was made public.Nenter Chow expressed that his primary concern at the moment is the safety of BitMart users' assets and the placement of employees, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

Renowned trader Killa stated that during the last Bitcoin bull market, about 80% of the cycle top indicators were never triggered, and similar situations may occur with future bottom indicators, so one should not mechanically rely on historical signals to determine market bottoms. He pointed out that the supply of long-term holders currently in a loss state has exceeded the levels during the FTX collapse and is approaching the levels seen during the 2018 bear market.Bitcoin's realized price is currently around $50,000, and in past cycles, the price has tested the realized price of long-term holders, so there is still a possibility of returning to that area. However, Killa indicated that it should not be assumed that Bitcoin will necessarily fall back to this level. Many top indicators in the last cycle failed to trigger, and some bottom indicators may also fail in the future. In any case, the current level of market losses is similar to that during the FTX incident and the 2018 bear market.

According to Jinshi reports, Tesla (TSLA.O) stock price has fallen nearly 20% this week, closing at $313.03 per share, marking the largest weekly decline since 2022; SpaceX (SPCX.O) closed at $115.07 per share, the lowest level since the company's IPO last month.Data from the Bloomberg Billionaires Index shows that Musk's personal wealth evaporated by about $130 billion (approximately 880 billion yuan) in just five trading days, and just a few weeks ago, he had become the first billionaire in human history to surpass $1 trillion in wealth. Musk himself joked on social media that he is a "(former) trillionaire."

According to the official status page of OpenAI, the widespread issues that ChatGPT and Codex experienced have been resolved, with the error rate remaining elevated for over 1 hour.

According to Bitcoin News, the latest Senate draft of the CLARITY Act includes a provision that encourages ethical hackers, specifically "white hat" hackers, to responsibly disclose cybersecurity vulnerabilities. The proposal would authorize rewards for individuals who identify and report security flaws, aiming to enhance the protection of digital asset infrastructure before malicious actors exploit these vulnerabilities. This provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, who has long supported innovation in digital assets and market resilience.

According to social media reports, OpenAI's ChatGPT and Codex are experiencing widespread outages.

Well-known trader Killa (@KillaXBT) posted that the Bitcoin cycle is accelerating, with the last cycle taking only 476 days from the bottom to a new ATH, much faster than the previous two cycles. It is expected that this cycle will also reach a new high before the next halving.Killa, as a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

Gate US officially announced that Gate AI and Alpaca will collaborate on the development vision of Agentic Trading, promoting the integration of AI infrastructure and trading system capabilities to provide underlying support for the next generation of intelligent trading applications.Alpaca has built a trading API that is developer and AI Agent friendly, with its community continuously transforming trading ideas into actual projects, covering research processes, simulated trading systems, and Agentic workflows that connect market data, analysis, and execution logic. Gate AI focuses on building an infrastructure layer for AI Agents and developers, where the GateRouter unified API helps developers quickly access over 25 mainstream AI models and balances cost and performance through intelligent routing.Both Gate AI and Alpaca agree that AI trading Agent developers should not have to choose between high-quality trading execution infrastructure and AI infrastructure, but should be able to obtain support for both in a smoother manner. Next, Gate AI will explore how its model routing and Agent infrastructure can connect to trading workflows built on APIs like Alpaca, supporting developers in integrating market data, AI reasoning, and trading execution into Agentic systems.Gate AI and Alpaca also plan to promote knowledge sharing and best practice exchanges between their developer communities, continuously lowering the development threshold and complexity of AI-native trading applications. Gate AI and Alpaca will continue to explore collaborative efforts around the construction of the Agentic Trading ecosystem, providing foundational support for developers to build more efficient and scalable next-generation intelligent trading applications.