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Quick Take Bitcoin ETFs hit the market in January 2024, followed by the approval of Ethereum ETFs that began trading in July. Adding support for a wider range of digital assets will be a key part of the crypto ETF story in 2025 and beyond.
Quick Take The launch of options on spot bitcoin ETFs marks a major milestone for crypto derivatives, with significant trading volumes signaling increased institutional engagement. Options on spot bitcoin ETFs could ease bitcoin price volatility by increasing market liquidity — though early conditions suggest continued high volatility as the product goes through price discovery, an analyst said.
U.S.-based spot Bitcoin ETFs have seen outflows totaling nearly $1.2 billion over the past three trading days, the longest outflow streak since the re-election of Donald Trump in November. Ethereum ETFs have traded mostly sideways over the same period, seeing a net outflow of merely $5 million over the past three trading days.
Bitcoin’s rebound signals the start of the much-anticipated altcoin season. Experts forecast significant gains for altcoins like SUI, ADA, APT, LINK, and CHZ. Analysts predict potential price surges for SUI, ADA, and LINK, with targets up to $40, $14, and $30, respectively.
- 16:48Trump Announces 25% Tariffs on Japan and South Korea Starting August 1Odaily Planet Daily News: U.S. President Trump has announced that, starting August 1, a 25% tariff will be imposed on goods imported from Japan and South Korea. This move marks the beginning of the U.S. government's unilateral tariff policy against countries that have not yet reached a trade agreement with the United States. These two Asian countries are the first targets of the trade demand letters and agreements that the Trump administration pledged to intensively issue this Monday. In his second term, Trump is accelerating the reform of U.S. trade policy, continuing to create uncertainty for markets, central bank officials, and corporate executives. All parties are struggling to assess the impact of this policy on production, inventory, hiring, inflation, and consumer demand—even without such abrupt tariff changes, routine business planning is already challenging. According to the letter released by Trump, the tariff levels for Japan and South Korea are basically in line with his previous warnings. Trump initially imposed a 24% tariff on Japan and a 25% tariff on South Korea. After what he called a 90-day postponement for reciprocal tariffs, Trump reduced these tariffs to 10% to allow time for negotiations.
- 16:45A major whale address transferred 1,200 BTC to an exchange again in the past 7 hoursAccording to ChainCatcher, Lookonchain monitoring shows that a whale address starting with bc1q2q has deposited another 1,200 BTC to an exchange in the past 7 hours. This address previously transferred 1,550 BTC to an exchange on July 5.
- 16:44Solayer Jade Card Now Offers Personal Sub-Accounts with Customizable Labels and Adjustable LimitsAccording to official sources reported by Foresight News, Solayer Emerald Cards have launched personal sub-accounts. A single account can issue an unlimited number of cards, which can be clearly customized with labels such as savings, shopping, or family-exclusive, and different spending limits can be set. This enables users to manage personal limits and track expenditures on a single platform.