Daily News: BTC Surges Past $117K, Ethereum Ecosystem Strategy Restructured, YZi Labs to Establish BNB Treasury in US, and More

BTC Surges Past $117,000, ETH Hits $3,000 This Morning

HTX market data indicates that BTC surged past $117,000 this morning, setting a new all-time high. It is currently priced at $115,929.00, with a daily increase of 4.08%. Meanwhile, ETH reached $3,000, now quoted at $2,949.07, with a daily increase of 6.45%.

U.S. Spot Bitcoin ETFs See Net Inflows of $1.1726 Billion, Highest Since November 7, 2024

According to crypto analyst Trader T (@thepfund), U.S. spot Bitcoin ETFs recorded a net inflow of $1.1726 billion yesterday, marking the highest inflow since November 7, 2024. This surge reflects growing institutional interest and confidence in Bitcoin ETFs as a gateway to crypto investments.

Trump Plans 20% or 15% Blanket Tariffs on Rest of the Trade Partners

Speaking to NBC News in an interview published Thursday, U.S. President Trump said that other trade partners may still have to pay the blanket tariffs: "We're just going to say all of the remaining countries are going to pay, whether it's 20% or 15%. We'll work that out now."

U.S. Treasury Officially Removes Crypto Broker Reporting Rules

Bloomberg reports that the U.S. Treasury has officially rescinded reporting rules for cryptocurrencies. These rules originally required decentralized cryptocurrency exchanges (DeFi) to report client transaction information to the U.S. government for tax purposes. Previously, Congressional Republicans voted to repeal these rules through the Congressional Review Act, which was signed into law by President Trump in April of this year.

Fed's Daly: Considering Rate Cuts in Fall, Expects Two Cuts in 2025

Federal Reserve Bank of San Francisco President Mary Daly said that the time to consider cutting interest rates is approaching, emphasizing the need to ensure the economy remains stable. Speaking at a Market News International event, Daly noted two rate cuts are likely this year, with a potential easing in the fall. She highlighted the solid growth, strong labor market, and progress toward the 2% inflation target, while cautioning against waiting too long for inflation to rise before adjusting policy. Daly also downplayed the inflationary impact of tariff increases, suggesting firms have adapted to higher import taxes without fully passing costs to consumers.

Ethereum Foundation Restructures Ecosystem Development Strategy

The Ethereum Foundation announced a restructuring of its ecosystem development strategy, focusing on four key areas: enterprise relations, developer growth, App relations & research, and Founder success. The initiative includes creating new teams to accelerate ecosystem growth, expanding outreach efforts, providing funding, and addressing global adoption barriers. This adjustment aims to broaden Ethereum's user base while strengthening its technical and social infrastructure resilience.

GMX Exploit Exposes Design Flaw in v1 Protocol

SlowMist Founder @Evilcos posted on X that The GMX issue lies in the immediate update of global short average prices when processing short positions, which affects the calculation of assets under management (AUM) and allows manipulation of GLP token prices. The attacker leveraged this flaw using reentrancy to create large short positions, artificially inflating GLP prices, and profiting through redemption. This incident highlights the high risks in DeFi development, even for established platforms like GMX.

Jupiter Mobile Announces Launch of v3 Version in Q3

According to the official announcement, Jupiter Mobile has revealed plans to launch its v3 version in the third quarter of this year.

YZi Labs Announces Strategic Investment in Aspecta

YZi Labs announced a strategic investment in Aspecta, a blockchain infrastructure platform focused on enabling intelligent attestation, price discovery, and lifecycle liquidity for illiquid assets such as pre-TGE token shares, locked tokens, private equities, and RWAs. This strategic funding will help Aspecta scale its network, deepen collaborations with major partners, and expand global adoption of its open economy framework for “alpha assets,” fostering transparency and accessibility in emerging asset ecosystems.

YZi Labs Announces Support for 10X Capital in Establishing BNB Treasury Company in the U.S.

YZi Labs announced its support for investment firm 10X Capital in establishing "The BNB Treasury Company" in the United States. This independent U.S.-based digital asset treasury management initiative focuses on the BNB Chain ecosystem. The company plans to list on major U.S. stock exchanges, aiming to provide American investors with access to BNB.

The BNB Treasury Company will be led by an experienced management team, including 10X Capital Senior Partner and Galaxy Digital Co-Founder David Namdar, 10X Capital Chief Investment Officer Russell Read, and former Kraken Director Saad Naja. The company will emphasize transparency and verification of held assets and is expected to announce completed financing in the coming weeks.

10X Capital will act as the asset manager for the BNB Treasury Company and has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise funds for the initial acquisition of BNB.

Rumble Partners with MoonPay to Launch Crypto Wallet in Q3

Rumble (NASDAQ: RUM) announced an exclusive partnership with MoonPay to launch the Rumble Wallet, enabling creators to monetize through seamless crypto transactions. Set to debut in Q3 2025, the wallet will allow users to buy, sell, and swap cryptocurrency, emphasizing financial freedom and user control. MoonPay will also utilize Rumble Cloud for advanced storage and decentralized computing, showcasing a commitment to empowering creators and promoting free expression.

Grayscale Updates "Assets Under Consideration" List, Adding 31 Tokens Including Mantle and Toncoin

On July 10, Grayscale announced an update to its "Assets Under Consideration" and "Assets Currently in the Grayscale Product Family" lists, presenting the information according to the Grayscale Crypto Sectors classification framework.

In the Smart Contract Platforms category, Grayscale added Aptos (APT), Arbitrum (ARB), Celo (CELO), Mantle (MNT), MegaETH*, Monad*, and Toncoin (TON) to its consideration list. These projects represent innovative blockchain solutions for decentralized applications and smart contract functionality.

For the Financial Sector, Grayscale included Aerodrome (AERO), Binance Coin (BNB), DeepBook (DEEP), Ethena (ENA), Euler (EUL), Hyperliquid (HYPE), Jupiter (JUP), Kamino Finance (KMNO), Lombard*, Maple Finance (SYRUP), Morpho (MORPHO), Pendle (PENDLE), and Plume Network (PLUME). These assets focus on decentralized finance (DeFi), liquidity, and financial services within the crypto ecosystem.

In the Consumer and Culture category, Bonk (BONK) and Playtron* were added to the list. These tokens aim to integrate blockchain technology into cultural and consumer-focused applications.

Under the Artificial Intelligence sector, Grayscale is considering Aixbt by Virtuals (AIXBT), Grass (GRASS), Prime Intellect*, Story (IP)*, and Virtuals Protocol (Virtual). These projects leverage AI technologies to enhance blockchain capabilities and create innovative solutions.

Finally, in the Utility and Services category, Jito (JTO), Layer Zero (ZRO), Walrus (WAL), and Wormhole (W) were added to the list. These tokens provide essential infrastructure and services to improve blockchain interoperability and scalability.

Grayscale emphasized that the list will be updated quarterly, with asset inclusion depending on factors such as internal controls, custody, and regulatory considerations. They also reminded users that the list should not be interpreted as a guarantee of future product offerings.