Bitcoin ETF Stopped Bleeding And Buy Boost is Live

Hey Lantern Community,

The 10-day Bitcoin ETF selloff finally broke. Washington still can't get crypto's rulebook to a vote. And a $6 million exploit showed again what happens when nobody's watching the code. Let's get into it.

But first, market update!

Buy Boost is live

Plenty of you borrow to buy more crypto. Buy Boost lets you do it at a higher LTV when the loan proceeds go toward the purchase.

Assets that cap at:

• 50% LTV boost to 80%

• 40% LTV boost to 60%

• 33% LTV boost to 50%

• 25% LTV boost to 33%

Same rates, no extra fees (the standard 1% buy fee still applies), all inside Lantern. The crypto you buy gets added as collateral, which pulls that boosted LTV back down (an 80% boost at purchase might settle near 45% once the new collateral lands).

We did this by hand for borrowers before. Now it's live!

New dashboard layout

We rebuilt the dashboard, with more changes over the coming weeks. Hit a snag or have feedback?

Reply to this email. We're actively shaping it.

Bitcoin ETF bleed stopped

Money left the Bitcoin ETFs for 10 straight sessions. $2.73 billion gone. Then on July 2 it flipped, and the funds took in $221.7 million in a day, the first inflow since June 12.

Bitcoin followed, up 6.27% on the week to around $64,000.

The catalyst was jobs. June payrolls came in at 57,000, about half what was expected, and the odds of a September rate hike fell from roughly 65% to 50% within minutes of the print. Less pressure on the Fed, more room for risk assets.

One green day doesn't undo the year. But those flows drive close to half of Bitcoin's weekly move, so institutions stepping back in matters.

Washington still can't pass the rulebook

The CLARITY Act, the bill that's supposed to give crypto real rules, is stuck.

Going into the July 4 recess it sat at Calendar No. 423, no floor vote scheduled. It cleared committee weeks ago but still needs 7 to 9 Democratic votes to beat a filibuster, and three fights are blocking them: ethics rules on officials' crypto holdings (a July 1 filing tied $1.4 billion in 2025 crypto income to Trump), a DeFi developer shield prosecutors say guts investigations, and the stablecoin-yield fight (Coinbase makes about $1.35 billion a year on USDC rewards).

The Senate's back July 13 with maybe 3 weeks before August recess. That's the last real window this year. Committee was the easy part.

A $6 million exploit, and why your collateral wasn't in it

On July 6, DeFi lender Summer.fi got drained for about $6 million and froze its Lazy Summer vaults.

The attacker borrowed roughly $65 million in a flash loan, bent the accounting inside the automated USDC vaults, inflated the balance on paper, then cashed out the gap. There was no stolen key. The vault's own logic paid out before anyone could step in, and its SUMR token dropped over 18%.

We keep flagging this pattern. These vaults auto-route deposits with no human checking the math, so when the code breaks, it drains itself.

At Lantern, your loan collateral sits in BitGo cold storage and your traded assets sit with Fireblocks. Nothing's parked in a yield vault a flash loan can fool. When Summer.fi happens, our borrowers don't wonder if they got hit. They know they didn't.

Ripple just cleared Europe

XRP is stuck near $1, its weakest since late 2024, but Ripple keeps building. On July 6 it won a full MiCA license from Luxembourg's regulator, clearing it to offer regulated crypto services across all 30 EEA countries off one approval.

Same story we keep seeing with XRP: the fundamentals stack up while the price sits still. If you hold XRP as collateral, the regulated rails under it just got deeper.

Holding through the chop and need cash without selling? Bitcoin-backed loans start at 8%, funded same-day including weekends, and your collateral never touches a smart contract.

Borrow against your crypto here: https://lantern.finance/borrow

Until next week,

The Lantern Team