Bloomberg Analyst: Bitcoin and Ethereum ETF Approval Signals Positive Development in Creation and Redemption Mechanism

On July 23rd, President Trump of the United States tweeted that the U.S. has just achieved a significant agreement with Japan. This agreement may be the largest one ever. According to Trump's instructions, Japan will invest $550 billion in the U.S., and the U.S. will obtain 90% of the profits. This agreement is expected to create tens of thousands of jobs - a feat that has never been seen before. Perhaps most importantly, Japan will open up its country's trade, including automobiles and trucks, rice and certain other agricultural products, and other items. Japan will impose a 15% reciprocal tariff on the U.S. For the U.S., this is a very exciting time, especially as the U.S. will continue to maintain a good relationship with Japan. (FX678)

On July 23rd, as monitored by on-chain data analyst Yu Jin, Arca transferred 2,183,000 PENDLE tokens (approximately $10.44 million) to Kraken two hours ago. These PENDLE tokens were withdrawn from Binance by them a month ago at a price of $3.80. Now, they have transferred all of them to Kraken at a price of $4.78, expecting a profit of $2.13 million.

On July 23rd, based on the monitoring of Farside Investors, yesterday the REX-Osprey SOL Spot ETF witnessed a net inflow of $12.6 million. As a result, the total net inflow since its listing has reached $105.4 million.

On July 23rd, based on market information, 21Shares has submitted the S-1 application document for the ONDO ETF to the US SEC.

On July 23rd, based on market information, the U.S. Securities and Exchange Commission (SEC) has given the green light to the conversion of the Bitwise 10 Crypto Index Fund into an ETF. This ETF covers assets such as BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT.

On July 23rd, as per CoinDesk, a source disclosed that the crypto prediction market Polymarket is in the process of deciding whether to launch its own custom stablecoin or enter into a revenue-sharing agreement with Circle based on the quantity of USDC held on the platform. This source further mentioned that the motivation for Polymarket to create its own stablecoin is solely to establish a revenue reserve. A representative of Polymarket stated that no decision has been reached regarding the stablecoin matter at this present time.