Market
ETF
XRP extends the longest active ETF inflow streak in crypto as rival funds struggle for fresh cash
XRP drew nearly twice as much as Solana during the month, while flows into most smaller crypto products remained sporadic or nonexistent.
Hacks
Coldcard’s $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals
More than 77,000 BTC moved from older wallets as users raced to secure funds, complicating bearish readings across key on-chain indicators.
Analysis
Ethereum just outpaced Bitcoin with $365 million in ETF inflows, but on-chain data shows the real bottom isn’t in yet
ETH/BTC crossed 0.030 after funds drew $365 million, though valuation and exchange-flow indicators leave the longer-term recovery unresolved.
Technology
Why 110 corporate blockchains are headed for a massive shakeout – and Coinbase’s secret plan to absorb them
Armstrong expects network effects to concentrate users and liquidity around dominant platforms despite the surge in new launches.
Digital Asset Treasuries
After $8.2B loss forced Bitcoin sales, Michael Saylor gives Strategy to September to repair broken dividend engine
The company is rebuilding support for its $10.5 billion preferred stock before restarting the digital-credit issuance behind its seven-year goal.
Macro
Bitcoin struggles to turn US GDP miss into bullish catalyst as strong spending backs Fed caution
Strong consumer spending and sticky inflation weakened the dovish signal, while higher Treasury yields continued to limit institutional demand.
ETF
Morgan Stanley Ethereum and Solana ETFs outperform rivals as second-day inflows reach $33 million
Morgan Stanley's MSSE beat BlackRock’s dominant ETH fund while MSOL captured all inflows into US Solana ETFs.
ETF
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?
The July outflows contrast with Grayscale’s view that Hyperliquid’s revenue and buybacks support a higher token valuation.
Regulation
A secret 11th-hour CLARITY proposal to protect crypto coders was just ripped apart by both sides of Washington
The White House just compared Senate crypto talks to overthrowing Maduro as an 11th-hour deal collapses from both sides.
ETF
Morgan Stanley is using $7.4 trillion in client assets and rock-bottom fees to hijack Wall Street’s crypto boom
MSSE captured more than a third of daily Ethereum ETF inflows, while both funds entered with fees below most staking rivals.
Mining
Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year
Mining margins are near historic lows, but André Dragosch says AI overinvestment and a Bitcoin recovery could reverse today’s economics.
Macro
Kevin Warsh’s no-guidance Fed breaks a 30-year playbook – leaving Bitcoin vulnerable to surprise rate hike
Markets still expect rates to stay unchanged, but an unusually underpriced hike could force traders to reassess the Fed’s 2026 path and test Bitcoin’s recent resilience.