🔥🔥🔥 Crypto Market Flash Update: Wednesday, July 23rd
A quick rundown of today's top highlights from the digital asset market:
📊 KEY MARKET & MACRO TRENDS
+ $BTC has recovered to $119K, with altcoins also seeing a slight rebound. Notably, $BNB hit a new peak at $800.
+ President Trump announced new tariffs: 19% for the Philippines/Indonesia and 15% for Japan. The US and China are set for their third round of trade negotiations next week.
📈 ETF FLOWS & REGULATIONS
+Spot ETF (July 22nd Session):
+$BTC ETF saw negative flows of -$68M (Bitwise had the largest outflow).
+$ETH ETF, conversely, recorded a record positive inflow of +$534.7M (BlackRock led with +$427.1M), marking its 13th consecutive positive session.
+SOL ETF also saw positive inflows of +$12.6M.
+The SEC fast-tracked the proposal to list Bitwise's TOP10 Crypto ETF on NYSE Arca.
+Citadel Securities urged the SEC to enhance oversight of tokenized stocks.
+South Korea tightened regulations, requiring ETFs to limit investments in crypto-related stocks and continuing to ban financial institutions from direct crypto trading.
+The DOJ seized $2M in crypto linked to a company accused of terror financing.
🌐 NOTABLE PROJECT & CORPORATE NEWS
+$TON surged 10% after Telegram integrated its wallet for U.S. users (price has since corrected).
+The WLFI project (linked to Donald Trump) continued to accumulate over 10,000 $ETH (~$36M) in the past 6 days.
+Skycorp Solar (a U.S.-listed solar energy company) will accept crypto payments and plans to invest in Ethereum.
+BitMine received $182M from ARK Invest to buy more $ETH, aiming to own 5% of Ethereum's total supply.