Crypto Daily | Coinbase CEO Polls Whether Bitcoin Has Bottomed; 54.8% of Respondents Say "No"

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Coinbase CEO initiated a poll: "Has Bitcoin hit rock bottom?", 54.8% of users think "No"

Coinbase CEO Brian Armstrong initiated a poll: "Has Bitcoin bottomed out?". Among the respondents, 45.1% believed "Yes", while 54.8% believed "No".

He also stated that areas such as perpetual futures trading, stablecoin payments, prediction markets, and tokenized RWAs continue to grow.

Sablier Labs announced it will stop active development due to the impact of AI and a sluggish market

On-chain token distribution protocol Sablier Labs announced it is ceasing active product development and entering maintenance mode until June 2028. Existing user services will remain unaffected, smart contracts will run permanently on-chain, and the interface will eventually become an open-source public good.

Founder Paul Razvan Berg stated that usage and revenue saw a significant decline in Q1 2026, primarily due to the worsening crypto market causing clients to delay launches, and AI-assisted coding drastically reducing the cost of replicating Sablier's products. The team explored avenues such as lock-up NFTs and custom rollups without success. The company believes there are no venture capital-scale independent business opportunities in the on-chain token distribution space.

Sablier has prematurely transitioned its core smart contracts from a BUSL license to GPL, making them fully open-source.

A solo miner mined $200,000 worth of Bitcoin last week using a $150 piece of equipment

According to CoinDesk, on July 10th, an independent Bitcoin miner successfully mined Bitcoin block 957,382 using a Bitaxe device worth approximately $150.00, with a hash rate of about 1 TH/s. After running for only 8 hours, the miner received 3.1382 $BTC, worth about $200,000.00, a probability equivalent to once every 18,000 years.

This is the second time a Bitaxe device has independently mined a block on the Public Pool service. Bitaxe is an open-source, credit card-sized ASIC miner equipped with the same Bitmain BM1370 chip as the industrial-grade Antminer S21, consuming only 15 to 21 watts of power.

In the past 12 months, independent miners have mined 24 blocks, a year-on-year increase of 41%, receiving a total of 75.44 BTC.

Bitcoin & Ethereum Spot ETF Flow

According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 424.66M USD yesterday (Eastern Time, July 13th).

The Bitcoin Spot ETF with the highest net inflow yesterday was Grayscale Bitcoin Mini Trust ETF $BTC, with a daily net inflow of 53.38M USD, and the total historical net inflow of $BTC currently stands at 2.55B USD.

The second highest was VanEck's ETF HODL, with a daily net inflow of 6.14M USD, and the total historical net inflow of HODL currently stands at 1.14B USD.

The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of 245.62M USD, and the total historical net inflow of FBTC currently stands at 9.90B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 74.79B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 5.99%. The historical cumulative net inflow has reached 50.85B USD.