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US spot Bitcoin ETFs posted $201.8 million in net outflows Friday, ending a nine-day inflow streak. ARK 21Shares led withdrawals, while total ETF assets fell below $100 billion as Bitcoin dipped under $78,000.
Bitcoin’s rally slowed Friday after the Federal Reserve chief said inflation was too high. Bitcoin Magazine linked the earlier advance to roughly $3 billion in speculative flows into exchange-traded investment vehicles tied to the cryptocurrency.
Ethena plans to extend USDe’s basis strategy into equity perpetual futures, targeting funding yields more than five times Bitcoin’s. The announcement comes as equity perpetual open interest reaches about $6.2 billion.
IBIT regained key weekly options expiries in Q3 after a Tier 2 rule overhaul lowered eligibility thresholds to $25 billion in AUM and 5 million monthly options sides, according to CryptoSlate.
Ethena, issuer of the $4 billion USDe token, expects real-world asset perpetuals to become a larger part of its backing than crypto derivatives within 12 to 24 months, as equity perpetuals gain momentum.
California’s Senate passed a bill seeking to block listings of memecoins issued by federal public officials for state residents. Cointelegraph said the proposal cites conflicts of interest and potential “pay-to-play arrangements.”
HMRC’s first breakdown shows 17,600 UK taxpayers declared £1.38 billion in crypto gains. Just 240 crypto millionaires accounted for more than half, with most filers under 55 and 87% men.
About $6.4 billion in Bitcoin options are due to expire in Deribit’s Friday settlement, representing nearly one-fifth of the exchange’s BTC open interest. Max pain is well below Bitcoin’s current trading level.
Public Citizen estimates investors lost $4.7 billion through Trump-linked crypto ventures, while saying USD1 stablecoin holders have not suffered major losses. The claims draw attention to WLFI, USD1 and TRUMP.
Bitcoin and crypto assets gained with U.S. stocks after Nvidia’s second-quarter earnings beat expectations by about $4 billion. Bitcoin is drawing attention around the $81,000 level as risk assets strengthen.
Mirae Asset founder Park Hyeon-joo outlined plans for a $109 billion crypto business after acquiring Digital X, formerly Korbit. The strategy includes stablecoins, real-world assets and security token offerings.
A bill due before the House of Lords in September would give the Bank of England a legal duty to foster stablecoin innovation, while keeping financial stability as its primary objective, Decrypt reports.
Bitfinex Securities has raised $50 million and is preparing a security linked to a Luxembourg-based platform holding a reported $1.6 billion stockpile of high-purity nickel wire, CoinDesk reports.
Bithumb reportedly won two first-instance lawsuits seeking proceeds from users who sold Bitcoin credited during a $40 billion exchange error. The cases concern recovery of funds from the mistaken BTC credits.
