BlackRock’s spot Bitcoin ETF posted its second-largest daily outflow since launch, while U.S. spot Bitcoin ETFs recorded one of their heaviest exit sessions since January 2024, reinforcing ETF flows as a key short-term driver for BTC.
The global crypto market cap fell to $2.42 trillion, down 2% in 24 hours. BTC slipped to $68,971, ETH fell to $2,019.26, and the Fear and Greed Index remained deep in extreme fear at 11.
Bitcoin slipped back under $80,000 after a failed breakout attempt. CryptoQuant sees rising profit-taking and a bear-market style rebound, while Glassnode says the move may reflect an early structural recovery with $85,200 as the next major resistance.
Bitcoin’s 15% February selloff pushed Strategy’s holdings about $630 million below cost, erasing $47B in unrealized gains. Peter Schiff mocks the firm, warning no bottom until Strategy sells. Michael Saylor counters that 50M people now have BTC exposure through his company.
RedotPay, a Hong Kong-based stablecoin payments firm, is raising $150M ahead of its US IPO, targeting a $4B valuation. Annual payment volume surpassed $10B with 300% YoY growth, but leadership turnover and compliance gaps persist.
Binance Alpha has opened a new AIA and SIGMA airdrop event. Users need at least 251 Alpha Points, must spend 15 points to claim, and have 24 hours to confirm. Unused allocation will lower the entry threshold by 5 points every 5 minutes.
Ripple and its native token XRP aim to enable faster, cheaper international payments. This guide covers Ripple's technology, XRP supply structure, regulatory challenges, and future outlook.
Minnesota Governor signs HF 3709, allowing banks and credit unions to offer crypto custody from August 1, while banning all crypto ATMs and kiosks across the state.
