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  • 05:01
    Bank of America CEO Cites Regulatory Uncertainty and Limited Demand, Pauses Stablecoin Plans
    According to a report by Jinse Finance, Bank of America CEO Brian Moynihan reiterated the bank’s cautious stance on stablecoins during Wednesday’s earnings call, noting that the regulatory environment remains unclear and there is insufficient customer demand. While the bank has “done a lot of work” researching stablecoins, Moynihan emphasized that adoption will depend on a clear legal framework and actual demand.
  • 04:41
    Tokenized Stock Platform xStocks Recorded $5.44 Million in Trading Volume and 14,634 Transactions Yesterday
    According to Jinse Finance, Dune data shows that xStocks, the stock tokenization platform created by Backed, recorded a trading volume of $5.44 million yesterday. The platform had 1,139 daily active users (DAU) and completed 14,634 transactions. In terms of trading pairs, Circle was the most actively traded with a volume of $2.77 million. Tokenized Tesla and tokenized S&P 500 index followed with trading volumes of $986,000 and $581,000, ranking second and third, respectively.
  • 04:14
    Ethereum Spot ETFs Saw Record Net Inflow of $727 Million Yesterday, Setting a New All-Time High
    Odaily Planet Daily News: According to SoSoValue data, the total net inflow into Ethereum spot ETFs yesterday (July 16, Eastern Time) was $727 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock’s ETF ETHA, with a single-day net inflow of $499 million. The historical total net inflow for ETHA has now reached $7.114 billion.Next was Fidelity’s ETF FETH, with a single-day net inflow of $113 million. The historical total net inflow for FETH has now reached $1.983 billion.As of press time, the total net asset value of Ethereum spot ETFs stands at $16.41 billion, with the ETF net asset ratio (market value as a percentage of Ethereum’s total market cap) at 4.02%. The historical cumulative net inflow has reached $6.484 billion.
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