⛏️Historic drop in BTC mining difficulty!
Welcome to the Daily Tribune for Wednesday, July 2, 2025 ☕️
Hello Cointribe! 🚀
Today is Wednesday, July 2, 2025, and as every day from Tuesday to Saturday, we summarize for you the news from the last 24 hours you shouldn’t have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
🌤️ Partly sunny
24h crypto recap! ⏱
🏦 Circle wants its own USDC bank
Circle has officially filed an application with the OCC to create a national bank dedicated to USDC. This structure would provide full federal oversight over the stablecoin’s reserves.
🤖 Elon Musk muscles xAI against Trump
Elon Musk has raised 10 billion dollars to accelerate the development of xAI, the Grok chatbot, and a giant supercomputer in Memphis. This operation comes as Donald Trump openly criticizes the public subsidies granted to his projects.
📉 Bitcoin mining finally slows down
The Bitcoin network recorded a historic decline in its mining difficulty, dropping from 126.9 to 126.4 trillion. This slight correction reflects an adjustment downwards of the hashrate around 700 EH/s.
🌍 Chainlink prepares for the arrival of finance giants
Chainlink launches ACE, a compliance engine to welcome up to 100 trillion USD of institutional capital. This automated standard facilitates the integration of major financial players into the Web3 ecosystem.
Crypto of the day: Sei (SEI)
🧠 Technology & innovation
Sei is a Layer 1 blockchain specialized in digital asset trading. Unlike generalist chains, Sei positions itself as an infrastructure optimized for decentralized exchanges (DEXs), with a parallel execution engine called Twin-Turbo Consensus.
Its architecture is based on:
a modified Tendermint consensus,
parallel execution of transactions (Parallel Order Execution),
ultra-short block times (≈ 300 ms),
near-instant finality.
Sei thus allows deploying DEXs, AMMs, or trading platforms with near-centralized performance, while remaining non-custodial. It natively integrates with the Cosmos SDK and IBC (Inter-Blockchain Communication), facilitating interoperability with other compatible blockchains.
💰 Main utility & token advantages
The SEI token is used to:
Pay transaction fees on the network,
Stake and secure the blockchain under a delegated Proof-of-Stake model,
Vote on protocol proposals (governance),
Encourage the development of DEXs and trading applications via tokenized incentives.
Sei is dedicated to making DeFi more efficient, fast, and oriented towards high-frequency use cases.
📊 Market data (as of July 1, 2025 – source)
Current price: 0.2790 USD
24h change: –1.08 %
Market capitalization: 1.551 billion USD
CoinMarketCap rank: #52
Circulating supply: 5,556,944,444 SEI
24h trading volume: 260.2 million USD
Crypto ETP flows in 2025 already near 2024 records
Despite a slight decline compared to 2024, crypto ETP investment flows in 2025 show impressive resilience. Driven by strong institutional demand and dominated by a single player, these financial products confirm their strategic role in a tense economic environment.
BlackRock, Bitcoin, and market resilience: key figures for the first half
The first half of 2025 saw crypto ETP flows reach 17.8 billion dollars, only a 2.7% decrease compared to the 18.3 billion recorded in the same period last year. This stability is based on eleven consecutive weeks of net inflows, totaling 16.9 billion dollars, or 95% of the annual flow.
BlackRock, the American giant, alone captures 96% of the investments, about 17 billion dollars, far ahead of direct competitors such as ProShares (526 million) and Fidelity (246 million). In contrast, Grayscale experiences net outflows of 1.7 billion dollars, confirming a reallocation dynamic.
On the asset side, Bitcoin concentrates 83% of weekly flows, attracting 2.2 billion dollars on its own. Ethereum, despite solid fundamental prospects, manages only 429 million dollars, while Solana, often cited as a challenger, attracts only 91 million dollars. This distribution confirms a decidedly conservative institutional positioning, favoring high capitalization assets.
Contrasting institutional adoption by region
The dynamic observed in the United States illustrates uncontested leadership, with inflows totaling 2.65 billion dollars for the first half alone. This lead reflects the maturity of the regulatory framework and the approval of spot ETPs since January 2024, catalysts for sustained institutional capital inflows.
In Europe, the situation is more heterogeneous. Switzerland and Canada record modest inflows, without a true surge. In contrast, Hong Kong and Brazil show net outflows, reflecting either a local fatigue of crypto products or increased risk aversion in less clear regulatory environments.
While the appeal of these products fits a diversification logic, their adoption depends heavily on the political and fiscal clarity of the jurisdictions concerned.
Towards a new map of crypto investments
The snapshot of crypto ETP flows in the first half of 2025 suggests a structural market reconfiguration. BlackRock’s absolute dominance might open debates on excessive concentration of tokenized financial products, questioning the sector’s balance and resilience.
Moreover, Bitcoin’s predominance, at the expense of diversification towards promising altcoins, fuels a cautious but not very innovative dynamic. While the geopolitical and global economic context pushes institutions to strengthen their exposure to digital assets, this growth seems channeled toward vehicles perceived as safe rather than disruptive.
Beyond the numbers, it is indeed the governance of the crypto ETP market that is being reshaped, between flow centralization, strategic caution, and geographic asymmetry.
