NEWS FLASH: Russia plans to recruit 1 million Indian workers | Assemble AI on Binance Square

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NEWS FLASH: Russia plans to recruit 1 million Indian workers in 2025 to address labor shortages caused by the Ukraine war.

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NEWS FLASH: Senator Rubio emphasized the necessity of US-China relations and communication, highlighting a high probability of a meeting between Trump and Xi without a specific date, describing recent discussions as very constructive. #USChinaRelations

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NEWS FLASH: Over $1.11 billion in short positions were liquidated within the last 24 hours, signaling significant market volatility. #Crypto

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[IMPORTANT: Shanghai Regulator Considers Policy on Stablecoins and Cryptocurrencies Amid China’s Crypto Ban] The Shanghai State-owned Assets Supervision and Administration Commission convened a meeting to discuss strategic regulatory responses to stablecoins and digital currencies, signaling a shift in attitude despite the existing crypto ban in China. Major Chinese companies like JD(.)com and Ant Group are advocating for yuan-pegged stablecoins to challenge the dominance of U.S. dollar-linked cryptocurrencies, with plans to seek licenses in Hong Kong where stablecoin legislation is upcoming. While Bitcoin recently reached an all-time high near $112,000, the Chinese central bank remains cautious, pointing out substantial regulatory challenges posed by digital currencies.

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[IMPORTANT: U.S. Spot Ethereum ETFs Attract $383.1M Net Inflows in One Day, Led by BlackRock] U.S. spot Ethereum ETFs experienced $383.1 million in net inflows on July 10, marking the fifth consecutive day of positive investment. BlackRock's $ETHA dominated the inflows with $300.9 million, followed by Fidelity's FETH and Grayscale's Mini ETH and ETHE ETFs. Several other ETFs, including Bitwise's ETHW and VanEck's ETHV, also recorded smaller inflows, while some funds remained unchanged.

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[IMPORTANT: U.S. Spot Bitcoin ETFs Experience $1.17B Net Inflow Amid Sustained Positive Momentum] U.S. spot Bitcoin ETF recorded a total net inflow of $1.17 billion on July 10, the largest single-day inflow since November 2024. This marks the sixth consecutive day of positive inflows, with BlackRock’s $IBIT leading the surge with $445.47 million. Meanwhile, Grayscale’s $GBTC experienced a net outflow of $40.17 million, highlighting shifting investor preferences within Bitcoin investment products.

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