Thursday Top Crypto News In one short thread…

Yesterday, the spot Bitcoin ETFs saw a total net inflow of $799 million, marking 10 consecutive days of net inflows. Spot Ethereum ETFs recorded a net inflow of $727 million, setting a new all-time high.

London-based crypto market maker B2C2 is looking to raise up to $200 million, partly to allow SBI Holdings to reduce its 90% stake. SBI first invested in B2C2 in July 2020 and took a 90% stake that December.

Coinbase launched a new app called Base on Wednesday in Los Angeles, rebranding its Coinbase Wallet into an “everything app” for the on-chain economy. The app combines social features, AI tools, and monetisation, allowing users to earn from posts, messages, trade, and play games—all in one place….

Base aims to create a more social, composable, and creator-friendly Web3 experience for both early adopters and mainstream users.

Interesting developments in AI / TradFi markets overlap 👇🏼

French lawmakers submitted a bill on July 11 proposing a five-year Bitcoin mining pilot to utilize surplus nuclear energy, with potential annual revenue of $100–150 million. The proposal builds on earlier calls to explore mining as a solution for excess power.

Bank of America Chair and CEO Brian Moynihan reaffirmed the bank’s cautious approach to stablecoins during its earnings call on Wednesday, pointing to a lack of regulatory clarity and uncertain client demand as reasons for holding back.

According to the Bangkok Post, Thailand's SEC and central bank are jointly launching a national crypto sandbox to allow foreign tourists to convert digital assets into Thai baht for spending. Tourists can exchange crypto via licensed providers and use the converted baht through regulated e-wallets across the country.

Crypto majors trade at the following levels BTC 118,420 (up 0.2% in 24 hours) ETH 3,430 (up 6.8%) XRP 3.16 (up 7.7%) SOL 173.93 (up 6.3%) Have a great day!