CoinPhoton

Spot ETFs Record Second-Largest Outflow in History: $812M Pulled From Bitcoin, Ethereum Inflows Streak Ends
On August 1, spot Bitcoin ETFs saw total net outflows of $812 million, marking the second-largest single-day outflow in history. Leading the withdrawals was Fidelity’s FBTC, which saw $331 million pulled. Other funds like Grayscale’s GBTC and BlackRock’s IBIT also reported significant outflows.
Ethereum spot ETFs weren’t spared either, with total net outflows of $152 million, ending a 20-day streak of consecutive inflows — the longest since their launch.

BNB quietly outperforms, nears all-time high amid market volatility

While most major cryptocurrencies like BTC, ETH, and SOL have seen sharp corrections of 60–80% from their peaks, BNB has shown remarkable resilience with a maximum drawdown of only 30%. Not only has it held firm, but BNB is now steadily climbing back toward its all-time high, reflecting strong investor confidence and consistent capital support for the Binance ecosystem.

Dormant 2013 Bitcoin wallet suddenly moves 306 BTC

A Bitcoin wallet dormant since 2013 has moved its 306 BTC — now worth over $35 million — into two new wallets. The stash was originally acquired for just $23,700, marking a nearly 1,500x return if sold. The transfer adds to a recent trend of early adopter wallets reactivating as Bitcoin trades near all-time highs.

Solana futures on CME hit new record

Trading volume and open interest for Solana futures on CME surged in July, reaching $8.1 billion and $400.9 million respectively — more than tripling compared to June and setting a new record since their launch in March.

This spike was fueled by expectations of a spot Solana ETF in the U.S. In July alone, Solana futures-based ETFs attracted over $500 million in inflows, accounting for 23% of total assets under management.

Although still far behind CME’s Bitcoin and Ethereum futures — which reached $275 billion and $118 billion in July respectively — Solana is gradually catching up, thanks to the rapid growth of its ecosystem and rising interest from major asset managers like VanEck, Fidelity, Grayscale, and Franklin Templeton.

Ethereum nears major breakout as whales accumulate and ETFs pull in $5B
Ethereum (ETH) marked its 10th anniversary with a strong price rally, with multiple signals pointing toward an imminent major breakout.
ETH is currently trading around $3,800, still 24% below its 2021 all-time high. However, according to CryptoQuant analyst CoinCare, subdued futures funding rates indicate the rally is far from over.
Whales buy aggressively, ETFs see record inflows
In the past 48 hours alone, large investors have accumulated 220,000 ETH worth approximately $850 million, pushing their holdings to 23.5% of total supply—a record high. This reduces market liquidity and could amplify upward price momentum.
Meanwhile, U.S. spot Ethereum ETFs have attracted about $5 billion in just 17 trading days, signaling surging institutional demand.
Exchange balances have also dropped sharply, now sitting at just 19 million ETH—a near decade-low. Over 1 million ETH was withdrawn in the past month alone, decreasing sell-side pressure.
Technical analysis and resistance levels
ETH has risen 1.7% in 24 hours, 7.9% in the past week, and 57% over the past 30 days.
Price is currently consolidating within the $3,708 – $3,874 range, with $4,000 as the next resistance and $3,500 as critical short-term support.
Analyst Ali Martinez believes breaking above $4,100 could trigger a “true breakout,” opening the door to a run at the previous all-time high near $4,900.
Despite short-term risks such as an overbought RSI and potential correction to $3,300, the on-chain picture remains strongly bullish. If CoinCare’s funding-rate thesis holds true and institutional demand continues rising, Ethereum may be on the verge of reaching new highs.

Algorand unveils 2025+ roadmap to revitalize ecosystem and expand blockchain adoption
Brief News:
The Algorand Foundation has announced its 2025+ roadmap, aiming to bring blockchain into everyday life and compete with networks like Solana and Ethereum.
According to CEO Staci Warden, the initiative focuses on building digital infrastructure for the real-world economy, including self-sovereign identity, agentic payments, and tokenization.
Key highlights:
Project King Safety: a protocol redesign to overhaul fee and incentive mechanisms, aiming for a self-sustaining and secure system (rolling out through 2026).
Governance reforms: transition to a fully community-led grants program by Q3 2025.
Algokit 4.0: a new AI-powered smart contract toolkit for faster development, launching in 2026.
Asset tokenization: creating compliant smart contract-based debt and equity products using ACTUS standards; MVP expected in Q4 2025.
Algorand seeks to lead the convergence of TradFi and DeFi as the tokenized asset market is projected to reach $18.9 trillion by 2033.
https://x.com/AlgoFoundation/status/1950965043505537313

The SEC has unveiled “Project Crypto,” a new initiative to modernize securities regulations for blockchain-based activity and transition U.S. financial markets on-chain. The initiative aims to clarify the legal status of tokens, support domestic token distributions, issue guidance for asset tokenization, and update custody rules. It also plans to enable side-by-side trading of securities and non-securities and explore regulatory exemptions for testing new DeFi and on-chain models.
https://www.sec.gov/newsroom/speeches-statements/atkins-digital-finance-revolution-073125

Strategy (MSTR) earns $14B from Bitcoin, surpasses full-year BTC yield target
Strategy posted $14.03 billion in operating income in Q2 2025, a more than 7,100% increase year-over-year, mainly driven by unrealized gains on its Bitcoin holdings. Net income reached $10.02 billion, or $32.60 per share.
Total revenue came in at $114.5 million, up 2.7% YoY. As of July 30, the company holds 628,791 BTC worth $46.07 billion.
Having exceeded its full-year BTC yield target of 25%, the firm raised its guidance to 30% BTC yield and $20 billion BTC profit.
Alongside the earnings, Strategy announced a $4.2 billion STRC offering, a new Treasury Preferred Stock designed for price stability and variable dividends, to fund further BTC acquisitions.
#MSTR #Strategy #BitcoinTreasury #MichaelSaylor #STRC #BTCYield #CryptoEarnings
https://www.businesswire.com/news/home/20250731670466/en/Strategy-Announces-Second-Quarter-2025-Financial-Results-Record-Net-Income-of-%2410.0-Billion-and-EPS-of-%2432.60

xTAO becomes the largest public holder of TAO tokens
Publicly traded company xTAO, focused on the Bittensor ecosystem, announced on Wednesday that it has become the largest publicly listed holder of TAO tokens, with a total of 41,538 TAO valued at approximately $15.8 million.
This surpasses TAO Synergies (TAOX), which recently disclosed a $10 million purchase of 29,899 TAO.
xTAO CEO Karia Samaroo — who previously founded and led WonderFi (acquired by Robinhood for $180 million) — said the company will use its TAO treasury to expand validator operations, build infrastructure, and generate sustainable cash flow from the Bittensor network.
xTAO is currently staking its TAO to earn an annual yield of around 10%. Last week, the company also listed its common shares on Canada's TSX Venture Exchange after raising $22.8 million from investors such as Digital Currency Group and Animoca Brands.
#Bittensor #TAO #xTAO #AI #Crypto #Staking #Validator
https://www.newswire.ca/news-releases/xtao-provides-update-on-tao-holdings-becomes-largest-publicly-traded-holder-of-tao-821903608.html

Kraken reports Q2 revenue of $411.6M, pushes into tokenized equities

Crypto exchange Kraken has reported Q2 2025 revenue of $411.6 million, marking an 18% increase compared to the same period last year. However, adjusted earnings fell 7% to $79.7 million, down from $85.5 million in Q2 2024.

Trading volume reached $186.8 billion in the quarter, up 19% year-over-year. Other key metrics also showed strong growth: platform assets rose 47% to $43.2 billion, and funded accounts grew 37% to 4.4 million. Kraken’s stablecoin-to-fiat market share jumped from 43% to 68%.

The earnings release comes as Kraken seeks to raise $500 million at a $15 billion valuation in preparation for a 2026 IPO.

Kraken says it is in “build mode,” shifting focus beyond crypto trading amid broader macro uncertainty, including US tariff policies. The drop in adjusted earnings is partly attributed to these external factors.

The exchange rolled out several new products in Q2, including US equities trading on its app, 24/7 FX perpetual futures launched in mid-April, and xStocks — a suite of tokenized blue-chip equities and ETFs — in June.

This move reflects a broader trend of convergence between traditional finance (TradFi) and crypto. Coinbase is currently seeking SEC approval to list tokenized stocks, while Robinhood and eToro have already launched hundreds of tokenized US equities and ETFs for European users.

Ethereum ETFs Boom, Compared to 1990s Tech Stocks
According to Bloomberg analysts, Ethereum is increasingly resembling an early-stage tech stock, while Bitcoin continues to play the role of "digital gold." These two assets represent two completely different investment strategies.
Ethereum ETFs have just recorded their strongest month in history, with the second-largest weekly net inflow of over $1.8 billion. So far, total net inflows into Ethereum ETFs have surpassed $9.62 billion. On Tuesday alone, these funds attracted an additional $218 million—outpacing Bitcoin ETFs for the day.
Notably, the iShares Ethereum Trust ETF (ETHA) is on track to become the fastest ETF in history to reach $10 billion in assets—excluding Bitcoin ETFs. Analyst Eric Balchunas remarked: “If Bitcoin ETFs didn’t exist, ETHA would be the fastest ETF to hit $10 billion—by double. That’s a mind-blowing stat showing just how explosive the Bitcoin ETF launches were.”
https://x.com/EricBalchunas/status/1950577171879096572

Robinhood doubles profit, crypto revenue up 98%, accelerates tokenization strategy and global expansion
Robinhood (HOOD) has just reported its Q2 earnings, with crypto transaction revenue up 98% year-over-year to $160 million. Crypto trading volume reached $28 billion, up 32% from the same period last year.
Although down from Q1’s $46 billion in trading volume and $252 million in crypto revenue, the company continues to expand its long-term crypto strategy, including:
Acquiring WonderFi in Canada for $179 million.
Completing the $200 million acquisition of crypto exchange Bitstamp, which posted $7 billion in trading volume post-acquisition.
Launching tokenized stock and crypto perpetual futures trading in the EU.
Enabling Ethereum and Solana staking in the U.S.
Developing a Layer 2 blockchain built on Arbitrum.
CEO Vlad Tenev emphasized that launching tokenization is “the biggest innovation our industry has seen in the past decade.”
Q2 diluted earnings came in at $0.42 per share, doubling from the same period last year. Total revenue rose 45% to $989 million, beating analyst expectations. HOOD shares rose 2.7% to close at $106.10, giving Robinhood a market cap of $90 billion.
#Robinhood #CryptoRevenue #Bitstamp #WonderFi #Tokenization #Staking #Ethereum #Solana #Layer2 #HOOD

First leveraged XRP ETF in the US surpasses $300 million in net inflows
The Teucrium 2x Long Daily XRP ETF (XXRP) recorded $323.6 million in net inflows this past week, becoming the first XRP ETF in the US to exceed the $300 million mark.
XXRP now accounts for 52.5% of the total $616 million in net inflows from all XRP ETFs traded in the US, even though all products remain derivative-based as the SEC has yet to approve spot offerings.
Last week, XRP ETPs attracted $189 million in inflows, with XXRP contributing $73.4 million — a 22.7% increase from the previous week.
Launched on April 8, XXRP currently leads the four XRP ETFs traded in the US, which include XRPI and XRPT from Volatility Shares and UXRP from ProShares.
Global net inflows into XRP products have now reached $721 million, still lower than the $844 million recorded by Solana ETPs.

The SEC has approved in-kind creation and redemption for crypto ETPs, allowing funds like Bitcoin and Ether to exchange shares directly for the underlying assets instead of cash. This move aims to reduce costs and improve efficiency, signaling a policy shift toward a more crypto-friendly stance under the Trump administration.

Mill City Ventures III invests $450 million in SUI, stock surges 270% in 5 days

Mill City Ventures III (MCVT), a Nasdaq-listed small business lender, has raised $450 million through a private placement to purchase SUI — the 15th-largest cryptocurrency by market cap. The company stated it will acquire SUI on the open market.

MCVT shares rose 11% on Monday and nearly 270% over the past five days. CIO Stephen Mackintosh said SUI is well-positioned for institutional adoption thanks to its speed, efficiency, and ability to support AI workloads while maintaining security and decentralization.

The investment round was led by Karatage and the SUI Foundation, with participation from major funds such as Galaxy Digital, Big Brain Holdings, FalconX, and Pantera Capital. SUI is the native token of the SUI blockchain, developed by former Facebook engineers to compete directly with Ethereum.

Binance launches airdrop and lists Treehouse (TREE) on spot
Binance will list Treehouse (TREE), a decentralized fixed income platform, at 14:00 UTC on July 29, 2025. TREE will be tradable against USDT, USDC, BNB, FDUSD, and TRY.
Users who subscribed their BNB to Simple Earn (Flexible or Locked) and/or On-Chain Yields between July 10, 2025, 00:00 UTC and July 13, 2025, 23:59 UTC will be eligible to receive TREE airdrops. A total of 12.5 million TREE (1.25% of total supply) will be distributed to qualified users’ spot wallets at least 1 hour before trading begins.
TREE has a max supply of 1,000,000,000 tokens, with an initial circulating supply of over 156 million TREE (15.61%). The token operates on both BNB Chain and Ethereum networks.
Deposits for TREE open at 16:00 UTC on July 28. Binance will apply a “Seed” tag to the token and will not charge a listing fee. TREE will also be available on Binance Alpha during its early phase.
Binance's HODLer Airdrops program automatically rewards BNB holders through Simple Earn and On-Chain Yields products, using historical snapshots of user balances taken at random times. No active participation is needed; just hold and subscribe to eligible products to earn token rewards.
https://www.binance.com/en/support/announcement/detail/76da2c4b79994a27aa65725505a7bb23

Tron Inc. to Raise $1 Billion to Expand TRX Reserves in Post-Merger Crypto Pivot

Tron Inc. plans to raise up to $1 billion through equity and debt instruments following its recent merger with Justin Sun’s blockchain project. The company, formerly SRM Entertainment, has already accumulated over 365 million TRX and aims to build a crypto treasury centered on the altcoin. Its stock has surged over 1,300% since June, reflecting investor enthusiasm. Tron Inc. is positioning itself among a growing number of public firms exploring altcoin-based treasury strategies beyond just Bitcoin.

BNB — the native token of Binance — has just hit a new all-time high at $844.17, rising around 20% over the past two weeks. This rally has sparked speculation that Changpeng Zhao (CZ), former CEO of Binance, may have surpassed Bill Gates to become one of the richest people in the world.
According to Bloomberg and Forbes estimates, CZ's net worth ranges from $60 to $136 billion, factoring in his stake in Binance and the 94 million BNB tokens he reportedly holds. If we include the Bitcoin he purchased back in 2013, CZ could realistically overtake Bill Gates ($124B) and Michael Dell ($136B).
Although these figures remain speculative and BNB has relatively low liquidity, the new price peak has undeniably put CZ back in the global financial spotlight — a symbol of crypto's resurgence after a long consolidation phase.
#BNB #CZ #BillGates #Binance #ATH #CryptoWealth #CoinPhoton

Chinese authorities have dismantled a $20 million Bitcoin money laundering scheme involving employees of Kuaishou, the country’s second-largest video-sharing platform. The suspects embezzled nearly 140 million yuan and used offshore exchanges and coin mixers to hide the funds.
Despite multiple layers of obfuscation, investigators recovered 92 BTC (worth around $11.7 million). The Haidian District Court in Beijing sentenced eight individuals to prison terms ranging from 3 to 14 years.
The case reflects a growing trend of commercial corruption intertwined with cryptocurrency and highlights China’s strict stance on crypto-related activities.
#crypto #Bitcoin #China #moneylaundering #Kuaishou
https://paper.people.com.cn/rmrb/pc/content/202507/24/content_30090178.html

EU–U.S. Trade Deal Avoids Tariff War
President Donald Trump and European Commission President Ursula von der Leyen announced that the two sides have reached a trade deal, averting a tariff war ahead of the August 1 deadline.
The U.S. will impose a 15% tariff on most European goods, including cars. This rate is lower than Trump’s earlier threat of 30%, but higher than the 10% baseline the EU had hoped for.
Some products—such as aircraft, components, chemicals, and pharmaceuticals—will be exempted.
The EU committed to purchasing $750 billion in U.S. energy, investing an additional $600 billion in the U.S. economy above current levels, and buying hundreds of billions of dollars in U.S. military equipment.
Trump described it as “the biggest and most powerful deal ever,” while von der Leyen called it “a good deal, after tough negotiations.”
Prior to the agreement, the EU had been preparing for a no-deal scenario, with counter-tariffs and potential use of its Anti-Coercion Instrument.
European leaders from Ireland, Germany, the Netherlands, and Italy welcomed the deal, seeing it as a way to avoid escalation and bring market stability, though concerns remain about the impact of 15% tariffs.
The EU–U.S. trade relationship was valued at $1.97 trillion in 2024, with the EU holding an overall surplus of around €50 billion.