JPMorgan Chase: Crypto Market Expected to Rebound in August

Odaily News JPMorgan Chase released a research report stating that it expects the crypto market to rebound in August. The estimated net cryptocurrency flows fell from $12 billion previously to $8 billion, including $14 billion in net flows into cryptocurrency funds as of July 9, $5 billion in futures flows from the Chicago Mercantile Exchange (CME), $5.7 billion in funding for cryptocurrency venture capital funds so far this year, minus a $17 billion adjustment to account for rotation from exchange wallets to new spot ETFs. (CoinDesk)