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Plus: Crypto giants team up to fix stablecoin payments

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GM. Some days, crypto is a fruit basket, and you never know if you're getting sweet or sour.

Take a bite out of these and find out:

🍍 Bitcoin ETF inflows break the outflow streak;

🔗 Crypto giants join for payments;

🍋 Gemini AI expands to India, Coinbase Europe fined + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.37T -1.4% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $100,595.39 -1.40% -8.89%
Ethereum Ethereum ETH $3,293.98 -0.86% -14.77%
XRP XRP XRP $2.20 -2.02% -13.74%
BNB BNB BNB $942.01 0.83% -13.14%
Solana Solana SOL $153.97 -1.68% -18.24%
Prices as of 11:00 AM EST. Click here to see live data.

Have you ever opened a fridge, found nothing you wanted, closed the fridge... then opened it again five minutes lates?

Yes, brain, thanks for checking - maybe a snack magically appeared 😃👍

That’s kind of how crypto has felt lately. Except this time, a snack did show up.

After almost a whole week of money leaving Bitcoin ETFs, the outflow streak finally broke. Instead, the ETFs had $239.9M in inflows in a single day.

BTC ETF flows table, 11-07

Source: Farside Investors

When investors buy spot ETFs, the issuers have to purchase actual Bitcoin, which tightens supply and can lift prices.

For much of the past week, traders had been groaning about steady outflows and weak sentiment. Now, with fresh money coming in, the tone across crypto Twitter has shifted - suddenly people are wondering if this is the start of another run.

And here's something else: one survey shows that traditional investors are increasingly open to crypto exposure through ETFs. In other words, ordinary portfolio managers see it as a new asset class worth holding alongside stocks and bonds.

ETF investment preferences

Source: Eric Balchunas

So, what now? If the ETF inflows keep coming, we might break out of this leftovers phase and see some real action.

If not, well… keep that microwave handy.

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🥝 Memecoin harvest

Fresh meme pumps so wild, even your grandma's asking for the contract address 😳

Data as of 09:45 AM EST.

Check out these memecoins and plenty more here.

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🔗 Crypto giants join for payments

Ever tried sending money across different blockchains?

It's like trying to split the bill when half the table wants to pay cash, someone's counting change, another's scanning a random QR code, and that one friend swears they'll "get you next time."

Just a headache... but for blockchains, that headache might finally have a cure.

A crew of crypto heavyweights - Fireblocks, Solana Foundation, Polygon Labs, Stellar, TON Foundation, Mysten Labs (Sui), and Monad Foundation - joined forces to form something called the Blockchain Payments Consortium.

Blockchain Payments Consortium logo

Source: Blockchain Payments Consortium

The idea is to make stablecoins work across blockchains as seamlessly as tapping your card at the store.

And here's why it matters:

Stablecoins are already massive. They've handled over $27.6T in transactions this year - that's more than Visa and Mastercard combined.

But right now, every blockchain is its own little kingdom with its own rules. Sending USDC from Ethereum to Solana feels like switching airlines mid-flight: new terminals, new baggage rules, new fees. ✈️

The Consortium wants to fix that by setting open standards for payments that actually talk to each other.

Graphic illustrating stablecoin (e.g., stable dollar symbol or chart)

Source: Fireblocks

If they pull it off, sending stablecoins could finally be as simple as sending a meme. Just tap, send, done.

And maybe next time you split the bill, it won't turn into a blockchain nightmare.

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🍋 News drops you can't miss

💸 Sending money from India to the US? We rounded up the best (and cheapest) ways to do it without losing half your cash to fees.

📱 Gemini AI's finally coming to Google Maps in India, adding new safety and route update features for everyone on Android and iOS. It's been US-only till now.

💸 Coinbase Europe Limited has to pay a €21.5M ($24.7M) fine after messing up anti-money laundering checks in 2021 and 2022. Ireland's central bank caught them missing some dodgy transactions.

🏦 Australia's finance boss says if the country waits on tokenisation, it'll fall behind places already turning assets into blockchain tokens. Other countries aren't hanging around, so Australia might want to pick up the pace.

🏛️ Circle, the group behind USDC, is sharing its ideas on how the GENIUS Act should be handled once it starts. The law comes in either 18 months after it was signed in July or 120 days after the rules finish up - whichever's first.

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🍌 Juicy memes

Meme about refusing to sell Bitcoin for profits despite advice.

Source: @naiivememe

Meme about misunderstandings in communication related to spending money on investments.

Source: @dogeofficialceo

Meme about Bitcoin's dominance over other cryptocurrencies in a humorous manner.

Source: @dubzyxbt

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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