GM!
Today’s top news:
Crypto majors fall 1-3% after overnight selloff; BTC at $63k BTC ETFs flip to net inflows after brutal 2-month stretch NEAR activated its v2.13.0 mainnet upgrade Zcash confirmed July 28 as the date for its Ironwood upgrade Robinhood Chain sees $2B+ in DEX volume over weekend with over 800k active addresses The ETFs Finally Flipped Green as Institutional Buyers Return The ETH ETFs did the same, pulling in about $84M after a small net outflow the previous week, bringing the combined haul across both to roughly $282 million. It’s not the biggest number, but welcome relief after such a lengthy bleedout.
Digging in, Bitcoin ETFs opened with a $265.7 million inflow on Monday and added $21.5 million on Tuesday, then gave back ground midweek during the Iran escalation, with $84.9 million out on Wednesday and $95.3 million out on Thursday, before closing Friday with a $90.4 million inflow. BlackRock’s IBIT led the buying on both green days, adding $209.4 million on Monday and $86.8 million on Friday. IBIT was the single largest source of June’s record outflows, so its return to the bid side is meaningful.
Bitcoin rebounded to $64,000 on the back of the flows this week before retracing to just under $63,000 overnight. It’s a big week week ahead, with Tuesday’s CPI print marking the last major data point before Warsh’s July 28-29 FOMC. If inflation cools, the flows likely keep building, and the path opens toward the June peak near $67,250. If it runs hot, this bounce gets tested quickly.
Macro Crypto and Markets Crypto majors are down 1-3% after an overnight selloff; BTC -2% at $63k; ETH -1% at $1,780; SOL -1% at $76; HYPE -3% at $65 PUMP (+8%), BCX (+7%) and ADI (+7%) led top movers; ARB (+18%) and ZEC (+15%) were among the biggest winners of the week Oil +3.5% at $74; Gold -1% at $4,070 Stock futures are red as the Iran War escalates again; DOW flat, Nasdaq -0.9% Bitcoin’s BIP-110 soft fork faces an early-August deadline with miner support at zero, the proposal to cap non-financial data on the chain never having drawn above 1% Meta’s chief data officer called agentic commerce the potential “next tier of business” for the company, saying stablecoins are central to a future without physical wallets, with over a million weekly active businesses already using Meta’s AI agents Corporate Treasuries & ETFs The Bitcoin ETFs saw $197M in net inflows last week including $90M on Friday; the ETH ETFs saw $84M in inflows, including $18M on Friday Meme Coin Tracker Meme leaders were mostly red on the week, down 5-10%; DOGE -6%, SHIB -4%, PEPE +1%, PENGU -11%, TRUMP -7%, BONK -17% Robinhood chain memes rebounded after a weekend selloff; Cashcat -6% to $160M, Juggernaut +50% to $15M, Hoodrat +45% to $12M and RMI +220x to $7M ANSEM rebounded 25% to $250M leading Solana movers; TripleT +20% and febu +60% were other notable Solana movers
Myriad Market of the Day
Token, Airdrop & Protocol Tracker Robinhood Chain sees over $2B in DEX volume over the weekend with over 800k active addresses NEAR activated its v2.13.0 mainnet upgrade, adding post-quantum signature support, automatic shard scaling, and a redesigned gas payment system Zcash confirmed July 28 as the date for its Ironwood upgrade, the fix for the Orchard shielded-pool counterfeiting issue that crashed ZEC last month Backpack launched 24/7 trading of tokenized US stocks, with SpaceX, Micron, and SanDisk backed by real shares on Solana, while SK Hynix’s tokenized shares went live across Telegram Wallet, Backpack, and Ondo Finance
What is happening in NFTs? NFT leaders were mixed; Punks even at 32.4 ETH, BAYC -4% at 8.9 ETH, Pudgy -3% at 4.4 ETH; Hypurr’s -6% at 287 HYPE Murakami Flowers (+23%) and Squiggles (+13%) led top movers New Robinhood NFT sets jumped including Robbin Hood Babies (+160%) and Onchain Hoodies (+27%) 
