MANTRA token sinks 18% to record low amid blockchain halt
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Analysis: Amidst record outflows from ETFs, whale snapped up 270,000 BTC, signaling a structural divergence in Bitcoin's future.
PANews reported on July 5th, citing CoinDesk, that amidst a continued outflow of institutional funds from the US, Bitcoin whale have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, a stark contrast to the record outflows from US spot Bitcoin ETFs. Analysis indicates this divergence exhibits historical cyclical characteristics: while institutional funds withdraw, long-term holders and whale accounts continue to accumulate, resembling a fund redistribution structure commonly seen at the bottom of previous cycles. On-chain data shows that although the spot premium remains negative, indicating weak buying pressure, large wallets continue to increase their Bitcoin holdings, suggesting the market is currently in a structural phase of "institutional deleveraging and long-term fund accumulation."
SpaceX's IPO drives record-breaking tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
According to Odaily, driven by the buzz surrounding SpaceX's initial public offering (IPO), the tokenized stock market saw record trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Of this, tokenized SpaceX stock accounted for $1.19 billion, representing approximately 31% of the total tokenized stock trading volume in June. Backpack Securities' SPCX token became the most actively traded SpaceX tokenized stock product, with a single-month on-chain transaction volume of $1.08 billion. Data shows that this round of growth was primarily driven by demand for SpaceX-related assets. SpaceX previously completed a record-breaking $75 billion IPO, valuing the company at approximately $1.8 trillion on a fully diluted basis. While traditionally popular assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) remained actively traded, none reached the market enthusiasm of SpaceX's tokenized shares. Furthermore, the total market capitalization of tokenized shares rose to $1.53 billion in June, a 6.64% increase from the previous month, marking the 15th consecutive month of growth. (CoinDesk)
LIT continued its upward trend after adjusting its token economic model, breaking through $2.7 and rebounding 2.5 times from its low.
According to Mars Finance, on July 6th, LIT (Lighter) continued its upward trend after announcing a major adjustment to its token economic model, rebounding from a low of $0.77 to $2.7, a 22% increase in the past 24 hours. Lighter previously announced that future buybacks through exchange revenue will be changed from simple buybacks to permanent burning, with plans to burn approximately 15.5 million LIT already repurchased, representing about 6.3% of the circulating supply. This mechanism will be officially implemented starting in the third quarter of 2026. Furthermore, the source of staking rewards will shift from exchange revenue to ecosystem reserve funds.
Bloomberg analysts: June ETF market saw record-breaking data, with both inflows and new product launches exceeding expectations.
PANews reported on July 5th that Eric Balchunas, a senior ETF analyst at Bloomberg, analyzed that the ETF market experienced a "June SANITY" level performance in June, with many indicators approaching or breaking historical records. Data shows that net inflows into ETFs reached $191 billion that month, the second-highest monthly level on record, averaging approximately $9 billion per day, covering about 2,700 different funds. At the same time, the number of new ETF products launched in June reached 214, approximately 10 per day, significantly breaking historical records. Furthermore, the total trading volume of ETFs in June reached $7 trillion, the second-highest level on record. Eric Balchunas concluded that this series of data reflects a comprehensive explosion in the ETF market in terms of inflows, new product launches, and trading activity.
U.S. tech giants' data center leasing commitments hit a record high of $850 billion.
According to BlockBeats, on July 5th, US tech companies committed a record $850 billion to data center leasing, an increase of $570 billion (+204%) year-over-year and $200 billion (+31%) quarter-over-quarter. Meta added approximately $79 billion in data center leasing commitments in Q1 2026, a 76% increase quarter-over-quarter, bringing its total commitments to approximately $183 billion; Microsoft added approximately $41 billion, a 26% increase quarter-over-quarter, bringing its total to approximately $197 billion; Oracle leads with approximately $250 billion in total commitments and has secured key data center resources for its partnership with OpenAI. This reflects that demand for AI infrastructure is entering a long-term structural growth phase, and supporting industries such as semiconductors, energy, and liquid cooling are expected to continue to benefit. At the same time, the increased demand for computing power may further exacerbate GPU supply shortages, providing support for the valuation of AI concepts and related tokens. --------------------------------- Click the original link below to join the Beating · Lark AI news channel and monitor global AI hot topics and news 24/7.
Opinion: The next stage of tokenization will be "personalized portfolios," rather than simply improving settlement efficiency.
According to BlockBeats, on July 5th, Thomas Sy, Head of Multi-Asset Solutions at NYLIM (New York Life Investment Management), stated that the next core application of tokenization will be enabling "personalized portfolio construction," rather than simply improving settlement efficiency or extending trading hours. NYLIM manages approximately $807 billion, with about $11 billion handled by Sy's team. He pointed out that blockchain technology promises to allow asset management institutions to customize complex portfolio strategies for different investors at a large scale, a capability currently difficult to achieve in the traditional financial system. Sy stated that the core of future asset management will shift towards "high customization," and blockchain is the only technological path capable of achieving this at scale. He believes that tokenization is not just about putting ETFs, bonds, or private credit on the blockchain, but more importantly, about reshaping the way portfolios are constructed. He also pointed out that current portfolios typically involve a mix of ETFs, bonds, and private equity assets, but due to operational complexity, personalized strategies are difficult to scale. Tokenization has the potential to "embed customization logic into the assets themselves," reducing operational costs and improving efficiency. Furthermore, Sy stated that stablecoins have become a key entry point for traditional finance to enter the blockchain space, with the current market capitalization exceeding $300 billion, and are being used for cross-border payments and fund management. He believes this trend will gradually drive institutional demand for on-chain yield-generating assets. Regarding decentralized finance (DeFi), NYLIM is still researching related applications, but Sy emphasized that institutional participation still requires more mature infrastructure, including improved tokenized collateral, liquidation mechanisms, and prime brokerage services.