Eric Balchunas: Bitcoin ETF net inflow of approximately $620 million after Oldcard hack incident

Plume has joined DTCC's Digital Assets Solutions Industry Working Group, alongside institutions such as Nasdaq, Charles Schwab, and Alpaca. （Cointelegraph）

According to the Bybit market, the US stock market opened with the Dow Jones up 0.05%, the Nasdaq down 0.80%, and the S&P 500 index down 0.03%. Cryptocurrency concept stocks generally fell, with COIN down 1.73% and HOOD down 1.20%.

At the opening of the US stock market, the Dow Jones Industrial Average rose 104 points, the Nasdaq fell 75 points, and the S&P 500 index rose 0.07%.

According to Cryptoslate, as of June 30th, Bitcoin mining company Hut 8 reported cash, restricted cash, and cash equivalents exceeding $7 billion, of which only $233.6 million was unrestricted cash. The remaining $6.8 billion, accounting for 96.7% of the total, is restricted from being used for the construction and debt repayment of the River Bend and Beacon Point projects.

Bitmine Chairman and Fundstrat Co-Founder Tom Lee stated that the S&P 500 Index is likely to reach the 7,900 to 8,000-point range in August, representing a potential upside of approximately 3.6% from Wednesday's closing level. Tom Lee believes that factors driving the U.S. stock market higher include strong technical momentum, accelerating corporate earnings growth, and broader market participation. Tom Lee is optimistic about semiconductors, software, Ethereum ($ETH), and the Magnificent Seven tech stocks, suggesting that AI-driven earnings growth will improve market expectations for corporate earnings in 2027. Tom Lee noted that as AI-related investments enhance corporate efficiency and profit growth, the market will revise upward its future earnings forecasts.