Grayscale CEO files to sell GXRP ETF shares, becoming the third insider to cash out

Trump took a tough stance on Iran today, while the Israeli Prime Minister is visiting the US, renewing market concerns over potential US-Iran conflict. As a result, Bitget market data shows WTI crude oil’s intraday gain once widened to 7.00%, currently trading at $83.7 per barrel. Brent crude oil is up 6.5% at $87.3 per barrel.

According to official announcements, Binance Alpha will become the first platform to list Grvt (GRVT) on July 30. Once trading commences, eligible users can claim the airdrop using Alpha points via the Alpha event page, with full details to be announced later.

July 29 Update: #Bitcoin ETFs: 1D NetFlow: -977 $BTC(-$62.73M)?? 7D NetFlow: -7,225 $BTC(-$464.05M)?? #Ethereum ETFs: 1D NetFlow: +2,000 $ETH(+$3.8M)?? 7D NetFlow: +20,277 $ETH(+$38.49M)??

Recently, AI stocks have continued to decline, with multiple AI leading stocks represented by SK Hynix halving in value in a short period. In response, domestic and international securities firms and KOLs have been intensively betting on bottom-fishing this week. Dan Bin, chairman of Orient Capital, publicly stated on Xueqiu today: "When there is a sharp drop, you must dare to buy! I just used up all my remaining dry powder." Famous investor Duan Yongping shared his actual trading records of SpaceX put options last Friday, which the market widely views as his typical "potential bottom-picking" move. Additionally, regarding Korean stocks, securities firms including Morgan Stanley, JPMorgan, Citigroup, and Nomura unanimously hold that the market is "near the bottom", "deleveraging is nearing its end", and the current market is a technical correction rather than a fundamental reversal, maintaining their high target price views for the KOSPI index. Tom Lee, well-known in the crypto circle, expressed a similar view, stating that the corrections of SK Hynix and Samsung are forced deleveraging, weak hands have been cleared out, and the market is near the bottom. AI has been built as an industrial-level project over many years, so all such corrections are "buyable". In the U.S. stock market, there is no shortage of "bottom-fishing" voices either. Most analysts believe that the overall valuation of the Magnificent Seven (Mag7) relative to the S&P 500 is at a low level in over a decade, and they recommend buying on dips in stocks including Nvidia, Microsoft, Meta, Alphabet, Broadcom, Amazon, etc. BlockBeats believes that the market is volatile and unpredictable, and investors need to be responsible for their own funds and decisions. In the current extreme market conditions, it is recommended to use leverage tools with caution and maintain rational investment behavior.

According to Bitget's market data, spot gold has fallen below the $4,000 threshold for the first time since July 21, down 0.7% on the day.

According to the UK’s Financial Times, Elon Musk has reached a settlement in a long-running legal dispute with advertisers on X. The conflict arose after Musk acquired Twitter in 2022, when numerous advertisers slashed spending due to concerns over content safety and compliance, causing X’s ad revenue to fall by around 50%. X sued the advertiser coalition in 2024 for alleged illegal boycotts, and in March 2026, a US judge dismissed the case citing a lack of antitrust harm, concluding the litigation.