10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

On July 6th, according to L2BEAT data, the current total value locked (TVL) of Ethereum Layer2 has risen to $33.08 billion, with a 2.16% increase in the past 7 days. The top five locked projects are as follows: · Arbitrum One ($14.15 billion, 7-day change of 1.60%); · Base ($12.35 billion, 7-day change of 2.26%); · OP Mainnet ($2.88 billion, 7-day change of -0.33%); · Unichain ($1.2 billion, 7-day change of 5.56%); · ZKsync Era ($0.988 billion, 7-day change of -0.03%).

On July 6th, according to HTX market data, the price of Ethereum fell below $2500, showing a 24-hour change of 0.55%.

On July 5th, based on Coinglass data, within the past 24 hours, the total liquidation across the entire network reached $99.90 million. The long liquidations were $68.14 million, while the short liquidations were $31.75 million.

On July 5th, David Duong, the research director of Coinbase Institutional, published an analysis stating, "The so-called 'the largest ETH short position in history' is actually highly exaggerated... So, what is the actual situation? (As shown in the attached image: the CFTC leveraged funds' ETH short position chart based on cash margin). " ETH Spot ETF witnessed strong growth in June, with net inflows reaching $1.16 billion, marking an unprecedented surge in the history of such products. This was mainly driven by an increasing number of institutions participating in CME basis trades. In CME's ETH futures, the leveraged funds' short positions rose from $466 million in early May to $1.6 billion on June 24th, an increase of $1.14 billion. Interestingly, this is very close to the net inflow scale of the spot ETF. Why is this the case? This is because the annualized basis yield of ETH futures relative to spot increased from an average of 6% in February to 8% - 9% in May and June, attract

On July 5th, Grayscale declared, "We hold the view that as US policies shift in a crypto-friendly manner, Ethereum is likely to gain from it. Anticipated new legislations like the 'GENIUS Act' are supposed to clarify the regulatory rules of stablecoins, prompt investment, and expedite the adoption of smart contracts. Given a strong development community and a scalability roadmap, Ethereum is in a favorable position to seize this opportunity."

On July 5th, the voting initiated by Musk regarding the creation of the "America Party" has now come to an official end. The total number of votes reached 1,248,856, with 65.4% in favor and 34.6% against. On July 4th local time, the former U.S. President Trump signed the tax and spending bill into law, making it take effect. Previously, on June 30th local time, Musk posted dozens of tweets, expressing that lawmakers who supported the bill should be ashamed and stating that if the bill was passed, the "America Party" would be established the next day.