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    CLS to Introduce CNH PvP Settlement Solution</TITLE]CLS is preparing to launch a payment-versus-payment (PvP) settlement service for offshore Chinese renminbi (CNH), according to information obtained by FX Markets.The inclusion of the world’s fifth most-traded currency into the PvP service comes in response to increasing demand to mitigate foreign exchange settlement risk, driven by the currency’s expanding role in global financial markets and cross-border transactions.FX Markets understands that the CLS solution will focus on settling CNH in Hong Kong and is currently working toward technical and operational readiness.

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    CLS to Introduce CNH PvP Settlement Solution</TITLE]CLS is preparing to launch a payment-versus-payment (PvP) settlement service for offshore Chinese renminbi (CNH), according to information obtained by FX Markets.The inclusion of the world’s fifth most-traded currency into the PvP service comes in response to increasing demand to mitigate foreign exchange settlement risk, driven by the currency’s expanding role in global financial markets and cross-border transactions.FX Markets understands that the CLS solution will focus on settling CNH in Hong Kong and is currently working toward technical and operational readiness.

    CLS to Introduce CNH PvP Settlement SolutionCLS is preparing to launch a payment-versus-payment (PvP) settlement service for offshore Chinese renminbi (CNH), according to information obtained by FX Markets.

    The inclusion of the world’s fifth most-traded currency into the PvP service comes in response to increasing demand to mitigate foreign exchange settlement risk, driven by the currency’s expanding role in global financial markets and cross-border transactions.

    FX Markets understands that the CLS solution will focus on settling CNH in Hong Kong and is currently working toward technical and operational readiness.

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    Ether Outpaces Bitcoin as ETF Inflows Surge, Driven Primarily by BlackRock</TITLE]Bitcoin’s ETF performance remains volatile. On July 13, U.S. spot bitcoin ETFs experienced outflows of $424 million, followed by a $181 million recovery the next day. Such rapid fluctuations suggest a lack of decisive positioning by major allocators.In contrast, ether is seeing concentrated interest. Of the $53.8 million in inflows recorded on Wednesday, BlackRock’s ETHA absorbed $45.3 million, while its ETHB fund captured $4 million. The remaining eight products shared less than $5 million in total inflows.Grayscale’s legacy ether trust, which carries a 2.5% management fee compared to BlackRock’s 0.25%, has seen total outflows amounting to $5.3 billion since its inception.Ether has also gained a new source of demand through Robinhood Chain. Launched on July 1, this layer-2 network utilizes ether for gas fees and settles on the Ethereum blockchain. The network is currently processing more than $800 million in daily decentralized exchange volume, much of which is driven by memecoin activity.Despite the ETF volatility, Bitcoin’s market position remains relatively stable. Nansen data indicates that exchange outflows have persisted despite geopolitical tensions in the Middle East, with no significant rotation into stablecoins—a movement that typically signals a defensive posture by investors.Current funding rates are hovering near zero, suggesting that the overleveraged long positions responsible for June’s liquidation events have been neutralized. Bitcoin dominance currently stands at 58.3%.

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