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A scathing critique of crypto treasury strategies is casting a shadow over bitcoin’s record surge, igniting fresh skepticism from influential economists and market commentators. American economist and professor of applied economics Steve Hanke stated on social media platform X on July 14:

Bitcoin [BTC], in an unexpected turn of events, may be readying itself for yet another spectacular rise, akin to a phoenix bursting dramatically from the ashes, or perhaps just a particularly caffeinated popcorn kernel.

In the gloriously tumultuous second quarter of 2025, China’s economy—or shall we say, its beast of burden—expanded at an impressive 5.2%, shamelessly eclipsing the expectations set forth by analysts, who presumed it would merely flop at 5.1%. The esteemed National Bureau of Statistics, in a dramatic flourish, revealed this sustained momentum, all while the world engaged in its customary ritual of trade tension dance-offs! 💃📈

As reported by CoinShares, US-based investment funds attracted approximately $3.74 billion, whereas German funds experienced outflows totaling about $85.7 million. This trend highlights a significant shift in the global institutional investment attitude.

In a bold move reminiscent of the greatest artists unveiling their masterpieces, Bank of America (BOA) Global Research has unleashed its intriguing publication titled “On Chain”, tasked with navigating the chaotic waters of digital assets—stablecoins, tokenized assets, and the market’s very own infrastructure. The financial behemoth bellowed, “We are launching ‘On Chain,’ a periodical to deep dive into the multifaceted and rapidly evolving ecosystem of digital assets (a buffet of delights like stablecoins, real-world asset tokenization, payments, custody—the works)—including the latest regulatory gossip!” Their research squad didn’t hold back:

Now, let’s chew the fat about one of our chummy contributors to this rally—the sharp rise in Sui’s Total Value Locked (TVL). You got it, folks! According to the knowledgeable sages at DeFiLlama, the network’s TVL has hit a sky-high $2.20 billion, marking an astonishing 8.74% leap in just a day. This surge is as encouraging as finding a five-dollar bill in last year’s winter coat! 🎉 It suggests an influx of user activity and a confidence boost for our developers, who are likely dancing a jig right now.

Like a mighty river, SUI’s price surges forth, leaving all who dare oppose it in its wake. A 44% monthly surge, a record $2.2 billion Total Value Locked (TVL), and fee growth that doubles that of Ethereum – the numbers are a testament to its unyielding resolve. 🔥

Take, for example, the rather sprightly performance of the U.S. spot Ether ETFs, particularly BlackRock’s very own ETHA, which has amassed a staggering cash inflow of approximately $908 million since its debut. Not to put too fine a point on it, but this remarkable influx of dosh has stretched their multi-week streak of cash inflows to a rather impressive $2.7 billion over the past four months. Quite a tidy sum for a digital trinket!

Ah, a new regulatory focus! Like all those diet fads that promise results while you’re mainlining pizza. Banks can now dip their toes in the crypto asset safekeeping pool as long as they mind their manners—i.e., follow those pesky risk standards and compliance protocols. The Office of the Comptroller of the Currency (OCC), Federal Reserve Board, and Federal Deposit Insurance Corporation (FDIC) put out a joint statement on July 14. They basically said, “Go ahead, just don’t act like a bunch of nincompoops.”

Indeed, the world of decentralized exchanges (DEXs) has embraced PUMP with open arms, with 55% of its trading volume swirling through platforms like Pumpswap, Raydium, and Meteora. The centralized exchanges (CEXs) Bybit and KuCoin, meanwhile, have taken the lion’s share of the remaining trade volume. 🦁