Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading
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Tether makes a $20 million strategic investment in Mercado Bitcoin to accelerate on-chain infrastructure development in Latin America.
Mars Finance reports that stablecoin issuer Tether has announced a $20 million strategic funding round for Latin American on-chain financial services platform Mercado Bitcoin. This funding will support Mercado Bitcoin's development in asset tokenization, payments, lending, capital markets, and compliant digital financial services. Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funds raised will primarily be used to expand payment infrastructure, increase the scale of tokenized products for institutional and retail investors, develop lending business, advance on-chain capital markets, seek strategic partnerships, and drive international expansion.
SK Hynix is considering paying investment banks approximately 0.5% of the total funds raised in its ADR offering as underwriting fees.
According to a Bloomberg report citing sources familiar with the matter, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total funds raised to investment banks involved in its US IPO. This deal is expected to be one of the largest stock offerings in history. The sources indicated that while SK Hynix has stated its intention to issue new shares representing up to 2.5% of the company's total share capital, the final offering size has not yet been determined, which will directly impact the underwriting fees received by the investment banks. In addition, SK Hynix may also pay additional discretionary bonuses to the participating investment banks on top of the base underwriting fees. The sources stated that discussions are ongoing, and the details of the final agreement are still subject to change. Click the original link below to join the Beating · Feishu AI news channel for 24/7 monitoring of global AI hot topics and news.
JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing
JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter.
Santiment: Bitcoin and Ethereum exchange supply is near all-time lows, reflecting increased investor confidence.
PANews reported on July 8 that, according to Cointelegraph, Santiment data shows that the supply of Bitcoin and Ethereum on exchanges is near all-time lows, with Bitcoin at its lowest level since 2017 and Ethereum at its lowest level since 2015, reflecting increased investor confidence.
Tether burned 2.5 billion USDT on Ethereum in a single day, the largest single-day destruction since February.
According to Mars Finance, on July 8th, CryptoQuant, citing on-chain data analysis, reported that on July 7th, the Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network, the largest single burn on the network since February this year. This surpasses the $2 billion burn on May 8th and is second only to the historical high of $3.5 billion on February 10th. Simultaneously, the USDT balance flowing in and out of Binance via the Tron network fell to approximately $806 million, the lowest level since December 29th, 2025 ($391 million), falling below the $1 billion mark, indicating a significant contraction in USDT liquidity through the Binance Tron channel. While the large-scale burn by the Tether Treasury primarily reflects redemptions, fund management, or cross-chain rebalancing operations, it is not a direct market signal. However, the simultaneous contraction in Ethereum supply and Binance Tron liquidity warrants continued monitoring to see if the trend of synchronized tightening of liquidity in both stablecoin chains continues.
Today, US Bitcoin ETFs saw a net inflow of 4,026 BTC, and Ethereum ETFs saw a net inflow of 11,955 ETH.
According to Lookonchain Odaily, the US Bitcoin ETF saw a net inflow of 4,026 BTC today, compared to a net outflow of 1,661 BTC over the past 7 days; the Ethereum ETF saw a net inflow of 11,955 ETH, compared to a net inflow of 20,570 ETH over the past 7 days.