Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETF News
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Bitcoin ETFs saw $812 million in outflows, led by Fidelity and ARK, while Ether ETFs ended their longest inflow streak with $152 million in losses.
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Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs.
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After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail.
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Spot Ether ETFs recorded $5.43 billion in net inflows in July, marking a 369% monthly surge and extending their daily inflow streak to 20 consecutive days.
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Though it has weighed in on traditional staking, the US Securities and Exchange Commission has not issued guidance on liquid staking.
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Bitcoin’s explosive July rally pushed its market cap to $2.4 trillion, overtaking Amazon, silver and Alphabet, cementing its place among the world’s five most valuable assets.
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Crypto treasury companies are emerging as a new category, bringing significant liquidity to the crypto industry.
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Hank Huang, CEO of Kronos Research, said Ether ETFs offering yield through staking “flips the switch on demand,” boosting liquidity and greater onchain participation.
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Ethereum price is painting an ascending triangle pattern breakout with a price target of around $16,700.
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XRP futures data shows neutral sentiment despite the altcoin’s double-digit price drop from $3.66.
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SEC Chair Paul Atkins said the new rules will make crypto exchange-traded products "less costly and more efficient."
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Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher.
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The Cboe has filed to list Canary Capital’s staked Injective ETF, potentially making it the third staked crypto ETF following Solana and Ether.
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SharpLink Gaming is currently the second-largest Ethereum treasury firm after BitMine Immersion Technologies.
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