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According to Be In Crypto, Grayscale CEO Peter Mintzberg submitted Form 144 to the U.S. Securities and Exchange Commission (SEC), intending to sell 2,611 shares of Grayscale XRP Trust ETF (GXRP), with a total value of approximately $53,400, equivalent to $20.45 per share.Previously, founder Barry Silbert and Chief Legal Officer Craig Salm submitted a similar application in January of this year, when the price per share was approximately $37, making Mintzberg's selling price about 45% lower.It is noteworthy that the number of GXRP shares outstanding has plummeted from 5.79 million shares to 2.84 million shares in the past six months, a decrease of about 51%, reflecting that redemption pressure continues to exceed subscription. Currently, the total net assets of the U.S. spot XRP ETF are approximately $971.6 million, with GXRP accounting for about 6%.

According to Protos, Grayscale's SEC filing for the Worldcoin ETF reveals that about 90% of the circulating WLD tokens are concentrated in 100 wallets, contrasting with the project's vision of "fairly distributing to as many people around the world as possible."The document also acknowledges that the World Chain's sequencer operates in a centralized manner, with upgrade functions coordinated and controlled by a few participants from the World Foundation, Tools for Humanity, and Optimism, and governance "is still primarily guided by the World Foundation."

Zach Pandl, the head of research at Grayscale, stated that there are currently two main viewpoints in the market regarding when the Bitcoin bear market will end: one follows the "four-year cycle," and the other views Bitcoin as a mature asset driven by macro factors. The "four-year cycle" viewpoint holds that the halving event remains the core driving factor of the Bitcoin price cycle. Historically, Bitcoin typically bottoms about a year after the cycle peak and approximately 2.5 years after the halving, with an average cumulative drawdown of about 80%. According to this pattern, Bitcoin may still decline further this time and form a bottom in September or October.The other viewpoint suggests that Bitcoin prices will be influenced more by economic growth, real interest rates, and changes in Federal Reserve policy, similar to other major assets. In past Bitcoin bear markets, there has usually been a slowdown in economic growth or an increase in real interest rates, and this decline is also occurring against a backdrop of rising interest rate expectations and increasing real rates. Pandl indicated that he aligns more with the macro-driven perspective. If the Federal Reserve stops raising interest rates and economic growth remains stable, Bitcoin prices may have already bottomed.

According to official news, Grayscale announced the appointment of Sebastian Pulido as the head of on-chain asset management, responsible for leading the company's on-chain product strategy.Sebastian has worked at Aave Labs, Goldman Sachs, and the Kinexys team at JPMorgan, possessing extensive experience in institutional finance and the digital asset sector.

According to The Block, Grayscale has submitted a registration statement for the Grayscale Worldcoin ETF to the U.S. Securities and Exchange Commission (SEC). The fund will hold the native token WLD of the World Network as a passive investment tool, aiming to make the value per share reflect the value of the held WLD minus fees and liabilities.If approved, the ETF will be listed on Nasdaq, with BNY Mellon serving as the transfer agent and BitGo Bank & Trust serving as the custodian.

Grayscale's research director Zach Pandl stated that if the price of Bitcoin has formed a solid bottom but is consolidating before recovery, a covered call strategy can generate income through Bitcoin volatility while managing spot price exposure. Grayscale assumes a Bitcoin spot price of $65,000 and an implied volatility of 40%, projected until the end of 2026. Under this assumption, the covered call strategy has an annualized return of about 22%, remaining profitable above a breakeven price of approximately $58,500, and outperforming holding spot Bitcoin alone when Bitcoin reaches about $72,500 at expiration.Pandl pointed out that option premiums provide income and downside protection, at the cost of giving up some upside potential when Bitcoin rises significantly. If the Bitcoin spot price falls below the breakeven price, the strategy will still incur losses, but the extent of the loss will be less than directly going long on spot Bitcoin, with the difference equivalent to the call option premium. Grayscale's Grayscale Bitcoin Covered Call ETF, with the ticker BTCC, aims to maximize income generation potential through writing covered calls. The fund does not directly invest in digital assets or initial coin offerings but gains indirect exposure to digital assets through derivatives related to exchange-traded products that hold digital assets.

According to SoSoValue data, yesterday (Eastern Time July 13) the total net outflow of Bitcoin spot ETFs was $425 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $53.3762 million, bringing the historical total net inflow of BTC to $2.547 billion. The second was VanEck ETF HODL, with a single-day net inflow of $6.1399 million, currently having a historical total net inflow of $1.142 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Fidelity ETF FBTC, with a single-day net outflow of $246 million, currently having a historical total net inflow of $9.905 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs was $74.79 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) reaching 5.99%, and the historical cumulative net inflow has reached $50.852 billion.

According to CoinDesk, Grayscale's Chief Financial Officer Edward McGee has resigned for personal reasons, effective July 2. The company stated that his departure was not due to any disagreements regarding the company's operations, policies, or practices, and appointed Kathryn Masci and Daniel Plourde as interim co-Chief Financial Officers, with Masci also serving as Chief Financial and Accounting Officer and joining the board. This personnel adjustment comes months after the departure of John Hoffman, the head of distribution and partnerships, who joined Ondo Finance. Currently, Grayscale has suspended its IPO preparations, having previously submitted a confidential application for a U.S. listing last November.

According to SoSoValue data, yesterday (Eastern Time July 8) the total net outflow of Bitcoin spot ETFs was $84.8601 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $52.8336 million, bringing the historical total net inflow of BTC to $2.493 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $63.6893 million, bringing the historical total net outflow of GBTC to $27.279 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $75.339 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.05%, and the historical cumulative net inflow has reached $51.281 billion.

Grayscale Research stated that Strategy sold a portion of Bitcoin last week, which may help reduce financing risks and provide support for Bitcoin price stability.The sale of approximately $216 million increased its dollar reserves, which is expected to cover about 17 months of dividend payment needs. Meanwhile, the STRC price rebounded, indicating that investors reacted positively to this decision.

B.AI officially announced that its team-level AI collaboration product "B.AI Team" has entered the first phase of gray testing and is simultaneously launching a public recruitment for the first batch of experience teams globally.This version focuses on the pain points of enterprise-level AI collaboration, launching a shared Credits pool to achieve unified scheduling of team computing resources and cost visualization management; it also provides a flexible multi-level member permission system, supporting refined configuration of model usage strategies by role, truly allowing AI capabilities to adapt to the collaboration processes of different teams.Starting today, teams interested in seizing the opportunity can submit their requirements through the official application link and briefly describe their core usage scenarios; after approval, the B.AI team will connect with them promptly and grant priority access rights when the official version goes live, helping teams to be the first to enjoy a new experience in intelligent collaboration.

Grayscale Research's research director Zach Pandl stated that rather than raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to meet cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has certain indicative significance.If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.

According to on-chain analyst Yu Jin's monitoring, Grayscale HYPE Spot ETF (HYPG) deposited 1.77 million HYPE (114 million USD) into staking 5 hours ago.

According to Arkham monitoring, in the past 2 hours, Grayscale has deposited a total of 8,697 ETH into Coinbase Prime, worth approximately 13.77 million USD.

Grayscale posted the current protocol revenue rankings of the top 15 on-chain applications, with Hyperliquid (HYPE) ranking first with $871 million in 12-month protocol revenue, followed by Pump.fun (PUMP, $459 million) and PancakeSwap (CAKE, $322 million).The accompanying image shows that some leading applications already have real cash flow and lower operating costs, but their current valuation multiples remain low. For example, the revenue multiples for projects like PUMP, CAKE, and METEORA are only 1x, AERO is 4x, and LDO is 3x.Grayscale stated that in the context of the CLARITY Act potentially advancing in the coming weeks, these on-chain applications with real revenue and relatively reasonable valuations may become attractive investment opportunities.

Grayscale's research director Zach Pandl stated that if the Federal Reserve pauses interest rate hikes, Bitcoin may see an increase. Since the start of the Iran war at the end of February, U.S. stocks have risen by 9%, while Bitcoin has fallen by 1% and gold has dropped by 20%. Although significant spending related to AI has supported the stock market, Bitcoin and gold have underperformed, partly due to market expectations that the Federal Reserve may raise interest rates to combat inflation. Grayscale disagrees with this expectation, believing that the basic scenario is that the Federal Reserve will pause interest rate hikes. If correct, Bitcoin's price may catch up with stock performance.Zach Pandl noted that since the start of the Iran war, the one-year Federal Reserve interest rate expectations have risen by about 60 basis points, with about half of the Federal Reserve officials believing that a rate hike in 2026 may be appropriate. The European Central Bank has already raised interest rates. As a non-interest-bearing monetary asset, gold and Bitcoin compete with fiat currencies, and an increase in real interest rates will raise the opportunity cost of holding Bitcoin and gold, thereby suppressing demand.Bitcoin has a dual purpose in a portfolio: on one hand, it is a scarce digital commodity that can serve as a long-term store of value; on the other hand, it is a public chain asset that can provide exposure to the long-term growth of the cryptocurrency industry. Therefore, Bitcoin's function in a portfolio is similar but not entirely equivalent to that of gold and growth stocks. Zach Pandl stated that if the likelihood of interest rate hikes decreases, aligning with Grayscale's basic scenario, Bitcoin may catch up with stock performance.

According to "Du Jia," ByteDance's AI assistant "Doubao" is ramping up efforts in the instant travel sector. Currently, the Doubao App is conducting a grayscale test of the one-click ride-hailing feature for select users in Beijing and Hangzhou. After users input their travel needs via voice in the dialogue box, the system can automatically recognize the information and match it with available vehicles. Once confirmed, users can complete the order with one click, and the related ride-hailing services are provided by Cao Cao Mobility.It is reported that Cao Cao Mobility has integrated exclusive orders for Doubao and is offering additional service fees to drivers who complete these types of orders. Last week, Cao Cao Mobility launched its new RoboX strategy in Hong Kong, announcing a comprehensive AI transformation, establishing an AI division, and proposing a "Double 100,000 Plan" to deploy 100,000 Robotaxis and 100,000 Robovans by 2030.

In response to recent community doubts about the Ethereum Foundation and the potential for a funding crisis, Grayscale Research Director Zach Pandl posted on the X platform, stating that in the long run, the current institutional adjustments being made by the Ethereum Foundation are positive for Ethereum for two main reasons: first, more development work will be transferred to commercial organizations, which can reduce the development responsibilities borne by the Foundation and may encourage more work to be driven by commercial entities, thereby improving the overall efficiency of the ecosystem; second, the structural adjustments help maintain Ethereum's core principles as a digital currency infrastructure, and a Foundation with clearer responsibilities and a more focused scope may be more beneficial in ensuring that Ethereum continues to adhere to the "CROPS" principles necessary for building a sound digital currency.If the Ethereum Foundation reduces its direct involvement in ecosystem development in the future and focuses on maintaining Ethereum's long-term core goals, it may help strengthen ETH's positioning as a decentralized digital asset infrastructure.