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Avalon Labs has completed a $10 million Series A financing round, led by Framework Ventures. Avalon Labs aims to develop the Bitcoin-backed stablecoin USDa and its Bitcoin DeFi ecosystem. The current TVL of USDa is $700 million.
South Korea's largest exchange Upbit announced the addition of the Korean won trading market for ENS. (ENS) is a decentralized naming system on the Ethereum. Users can buy human-readable names like "bob.eth" and map it to identifiers such as addresses, content hashes.
Polish presidential candidate Sławomir Mentzen has promised to adopt a strategic Bitcoin reserve if elected. Mentzen revealed in 2022 that he invested all his funds in Bitcoin in 2013. However, Sławomir Mentzen's party is a smaller party in Poland.
Bitcoin spot ETFs had a total net inflow of $310 million on July 12, and continued to have net inflows for 6 consecutive days. Grayscale ETF GBTC had a single-day inflow of $23.0081 million, BlackRock ETF IBIT had a single-day inflow of $120 million, and Fidelity ETF FBTC had a single-day inflow of $115 million.