Ethereumexchange-traded funds (ETFs) available in the US saw $152.3 million in outflows on Aug. 1. The outflow amount was the largest since Jan. 8. It ended the 20-day streak of positive netflows for Ethereum ETFs, which have accumulated nearly $5.4 billion during the period.
Source: https://cryptoslate.com/ethereum-etfs-20-day-inflow-streak-ends-with-152m-outflow/
A new class of publicly traded companies is adopting a strategy defined less by operational revenue than by the assets on their balance sheets. These firms are placing crypto at the center of their identity, turning tokens likeBitcoin,Ethereum,XRP, and nowTONinto the nucleus of their valuation strategy.
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Source: https://cryptoslate.com/bitcoin-futures-shed-3b-in-leverage-as-traders-trims-risk/
BitMineImmersion Technologies, the largest corporate holder ofEthereum, revealed that its total holdings are now at 833,137 ETH valued at over $2.9 billion. This development places BitMine far ahead of previous frontrunnerSharpLink, which reportedly holds 438,000 ETH. BitMine has also climbed to third place globally in overall crypto treasuries.
USDe’s market cap surged from approximately $5.33 billion on July 17 to over $9.3 billion by August 4. Over the span of less than 30 days, more than $3.1 billion in new USDe was minted. USDe operates fully on-chain via a synthetic structure.
Source: https://cryptoslate.com/ethenas-9-5b-usde-could-now-challenge-usdcs-number-2-spot-by-2027/
Over the past week, Bitcoin’s price dropped 4%, hitting a multi-week low of $112,000. The market is showing signs of strength again, with Bitcoin and other major assets beginning to recover and show gradual rebounds. XRP, in particular, stood out among the top 10 digital assets, climbing more than 5% in the last 24 hours to cross the $3 mark.
Source: https://cryptoslate.com/xrp-jumps-5-while-bitcoin-recovers-from-macro-driven-slump/
A statue of Bitcoin creator, Satoshi Nakamoto, has been stolen from a Swiss gallery. The Satoshig Gallery, which curated the piece, has offered a reward of 0.1 BTC to anyone who can help recover the statue. The gallery plans to place 21 Satoshi statues around the world.
Despite the recent market dip, Bitcoin remains the top-performing major asset over the past two years. Over the last two years, Bitcoin has consistently outperformed all major assets, and nothing else comes close. Gold, which had a stellar run in its own right, stoked by rising inflation and geopolitical uncertainty, rose 69.8%.
Blockstream CEO Adam Back alerted the Bitcoin community to the return of the so-called Bitfinex whale. According to Back, this unknown but powerful entity has been accumulating Bitcoin at a staggering rate. The sustained appetite of this whale is a potentially market-moving signal.
Source: https://cryptoslate.com/bitfinex-whale-returns-adam-back-sights-massive-bitcoin-accumulation/
ETHKyiv 2025 unveiled Ethereum’s leap to 400 TPS, redefining network efficiency and accessibility. Vitalik Buterin: “Pretty soon you’ll be able to spin up a node on your smartphones and even smartwatches”