Crypto News Today (July 11): Bitcoin holds $64,000, Ethereum co-founder supports CLARITY Act, Robinh

Today\'s Cryptocurrency News (July 11): Bitcoin holds at $64,000, Ethereum co-founder supports CLARITY Act, Robinhood Chain threatens Solana

Bitcoin and Ethereum prices remain stable as the weekend approaches. Bitcoin is trading at close to $64,000, while Ethereum remains at around $1,800. Most of the cryptocurrency news today (July 11) is positive: ETF capital inflows are picking up, regulatory momentum continues to increase, and large companies are testing practical application scenarios of blockchain infrastructure. Let\'s take an in-depth look at some of the major news that is driving the market today.

ETF capital inflows pick up: Bitcoin and Ethereum are rising

According to SoValue data, the total net inflow of U.S. spot Bitcoin ETF reached US$90.44 million on July 10. On the same day, the net inflow of U.S. spot Ethereum ETF was US$18.43 million. After weeks of outflows, these net inflows signal a positive shift in market sentiment and a possible return to institutional interest.

Currently, the total net asset value of the Bitcoin ETF is approximately US$63.46 billion, while the net asset value of the Ethereum ETF is approximately US$19.66 billion. The previous 16 consecutive days of interruption in capital inflows have been broken, but these inflow data in July indicate that market sentiment has stabilized.

Joseph Lubin: CLARITY Act will \'boost\' the economy

Ethereum co-founder Joseph Lubin commented on the CLARITY Act. He agreed with Chairman Selig that it was not just about cryptocurrencies. Lubin said: \"This is about the shape and growth of the U.S. and global economies, and the future of society. To the United States, this is as important as the Internet and network-enabled legislation. CLARITY Act will bring about a paradigm shift that injects strong impetus into the global AI+ decentralized protocol economy, directly benefiting individuals, communities and businesses of all sizes. This is about increasing the financial autonomy and breadth of everyone and every organization.\"

agrees with @ChairmanSelig. This is not just about cryptocurrencies. It is about the shape and growth of the U.S. and global economies, as well as the future of society. To the United States, this is as important as the Internet and network-enabled legislation. The CLARITY Act will bring about a paradigm shift... t.co/NR2RwhRlay- Joseph Lubin (@ethereumJoseph) July 11, 2026

His comments show that industry leaders are increasingly reaching consensus that the CLARITY Act is a historic opportunity for the United States to consolidate its leadership in blockchain technology. The bill will set clear rules for digital assets, hopefully free up huge institutional capital and accelerate innovation in DeFi and artificial intelligence.

Hyundai Motor completes Avalanche-based USDT pilot

Hyundai Motor, South Korea\'s largest automaker, has become the country\'s first large company to use blockchain for real-time internal cross-border fund transfers. The company completed a $20,000 USDT stablecoin pilot on Avalanche, transferring funds from its U.S. entity to Mexican entity and shortening settlement times from hours in traditional banking channels to about seven minutes. Hyundai Motor plans to expand the mechanism to more national and local currencies and will launch a second pilot for its European subsidiaries later this month in partnership with Circle and Visa.

This is an important milestone for enterprise-level blockchain applications. Hyundai Motor, a global industrial giant, decided to use stablecoins and Avalanche for fund management, verifying the efficiency advantages of blockchain-based settlement.

Sui exceeded 6 million TPS, but Sui Spheres was the real catalyst.

Sui achieved 6 million transactions per second in the main-network stress test, which is 92 times Visa\'s peak processing power. Currently, the chain uses less than 0.1% of throughput. Its total lockup value (TVL) reaches US$1.5 billion, with no congestion, no fee surges, and no user rejection. They built a 100-lane highway for traffic on a country road.

The real catalyst is not the TPS numbers, but Sui Spheres-a privacy layer that allows institutions to run confidential workflows while conducting public settlements. If two or three custodians or asset management companies pilot Spheres for tokenized securities this year, the narrative will shift from a \"ghost chain\" to a \"settlement infrastructure.\" But token unlocking will continue into 2030, and demand growth must exceed the dilution rate every quarter. This is a 12-to 18-month investment theme with a built-in countdown clock.

Metaplanet explores bitcoin-backed digital credit

Metaplanet, known as \"Japan Microstrategy,\" announced that it will conduct a feasibility study with JPYC, Progmat and their securities subsidiaries to explore bitcoin-backed digital credit products. The plan aims to combine Bitcoin collateral, stablecoins and tokenized infrastructure to enable round-the-clock issuance, settlement and interest payments. Specific release details have not yet been determined. The move signals growing interest in using Bitcoin as collateral for credit products outside the United States.

Robinhood Chain vs. Solana: Liquidity Changes

Robinhood Chain achieved US$1 billion in decentralized exchange (DEX) trading volume in 48 hours and accounted for more than 50% of Solana\'s average daily DEX trading volume. On the same day (July 9), Solana trading volume fell to its lowest level since 2026, and negative sentiment reached a high for the year.

Robinhood Chain achieved US$1 billion in DEX trading volume in 48 hours and accounted for more than 50% of Solana\'s average daily DEX trading volume. Solana\'s trading volume fell to its lowest level since 2026 on July 9, and negative sentiment reached a high for the year. This 48-hour data in itself is of little significance. Blast\'s TVL reached US$2.9 billion when it was launched, but it shrank by 70% within 90 days. The key figure to determine whether Solana\'s liquidity loss will be permanent is whether Robinhood Chain\'s daily trading volume will exceed US$400 million by August 10. If it is achieved, it indicates that liquidity differentiation has become a structural trend, and SOL will lose its narrative of \"geeks dedicated to fast and cheap chains\" and instead lose to an Ethereum L2 with 24 million financing brokerage accounts-these users are reluctant to download Phantom Wallet.

My thoughts on today\'s cryptocurrency news

Overall, today\'s cryptocurrency news has both positive fundamentals and structural changes. ETF inflows are back, Joseph Lubin calls the CLARITY Act a paradigm shift, Hyundai Motor transfers funds on Avalanche, and Sui conducts stress tests with 6 million TPS. Robinhood Chain is challenging Solana\'s dominance. Bitcoin and Ethereum remain stable, and the market is waiting for the next catalyst. In addition, there are some interesting XRP price dynamics that we will report separately in another article.