Yesterday, the total net inflow for spot Bitcoin ETFs amounted to approximately $160.04 million. Concurrently, spot Ethereum ETFs saw net inflows of around $121.02 million.

Yesterday, the total net inflow into spot Bitcoin ETFs amounted to approximately $160.04 million, while spot Ethereum ETFs attracted $121.02 million in net inflows.

StoneX reports that the rapid growth of Robinhood Chain can be largely attributed to the company's strong brand presence, its permissionless architecture, subsidized transaction fees, and the growing integration of memecoins with tokenized stocks.

Since launching on July 1, the network's total trading volume (TVL) has approached $1 billion. On Sunday, the daily trading volume on the decentralized exchange (DEX) reached $1.88 billion, while the market capitalization of stablecoins recently surpassed $1 billion.

StoneX reports that the rapid expansion of Robinhood Chain can be attributed to the company’s strong brand presence, its permissionless architecture, subsidized transaction fees, and growing links between memecoins and tokenized stocks.

Since its launch on July 1, the network’s total trading volume has approached $1 billion. On Sunday, the daily trading volume on the decentralized exchange (DEX) reached $1.88 billion, while the market capitalization of stablecoins recently surpassed the $1 billion mark.

Solana has significantly expanded the data capacity of its transactions, increasing it by more than threefold. This development enables developers to facilitate more complex transactions, validate transactions from enterprise wallets, and improve privacy features. The upgrade affords Solana a competitive advantage over Ethereum. coindesk

Whale and Institutional Transactions:

Two wallets that had been inactive for over a year—likely controlled by the same entity—executed a transfer of 14,700 ETH, worth approximately 36.94 million dollars, on the trading platform OKX, according to reports here.

Meanwhile, Multicoin Capital moved an additional 333,166 HYPE tokens, valued at around 26.73 million dollars, on Coinbase Prime, as noted here.

Today's cryptocurrency market update.

Today's Cryptocurrency Market Update

It has been nearly a month since short-term holders (STH) have primarily been in profit, marking a significant development. Historical patterns from 2022-2023 suggest that a bear market generally ends when STH can sustain their profits over a period of time. A reversal in a bearish trend often occurs when these profits remain high and stable, encouraging investors to hold their positions and prepare for a potential shift. Currently, this pattern seems to be emerging.

It has been nearly a month since short-term holders (STH) have predominantly been in profit, marking a significant development. Historical data from 2022-2023 suggests that a bear market generally ends when STH are able to sustain their profits over time. A reversal in the bearish trend often occurs when profits remain high and stable, encouraging investors to retain their positions and look ahead. Current market dynamics seem to be aligning with this pattern.

Matrixport has reported the transfer of 1,400 BTC, valued at approximately $107.8 million, on Binance, as well as the withdrawal of 10,000 ETH, worth around $24.67 million, from the platform.

Tonkeeper has rebranded as Keeper and now supports seven blockchain networks, including Bitcoin and Ethereum. [source: theblock.com]

CryptoRank forecasts that the leading Layer 2 protocol by revenue in 2026 will be .

CryptoRank predicts that by 2026, the leading Layer 2 solution in terms of revenue will be [...].

Republicans in the United States Senate have rejected a Democratic alternative ahead of a key procedural vote on the CLARITY Act. The Senate is scheduled to consider advancing the legislation today at 17:15 UTC. Earlier, Democrats proposed a countermeasure, citing dissatisfaction with the bill’s ethical provisions related to encryption. To succeed in this procedural vote, at least 60 votes are necessary. With Republicans holding 53 seats, they require a minimum of seven votes from Democrats or independents to reach the threshold, even if all Republican senators vote in favor.

Anthropic's IPO will proceed as planned despite security scandal, reports Axios.

The yield on 10-year U.S. Treasury bonds has risen to 5 percent for the first time since 2023, crossing a notable psychological barrier in the financial markets.

Traders have completely priced in three additional ECB rate hikes, each by 0.25 percent, to be implemented by the end of 2027, according to Bloomberg.

Traders have fully priced in five interest rate increases by the Bank of England, each by 0.25 percentage points, expected to be implemented by the end of 2027, according to Bloomberg.

According to the Central Bank, the average maximum interest rate offered on deposits at the top 10 banks in Russia has increased to 12.95%.