🗞 Weekly Crypto News Digest
🤑 Bitcoin
Bitcoin held above $65,000 this week, supported by a $33.8M net inflow into spot BTC ETFs as capital returned following a stretch of outflows.
Nine major institutional players - Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy - launched the Bitcoin Security Consortium, committing $15M over three years to fund Bitcoin developers and researchers, with an initial focus on post-quantum cryptography.
🤑 Ethereum
ETH climbed above $1,900 as the SEC settled a FOIA lawsuit over lost Gensler-era records tied to Ethereum's proof-of-stake transition.
On-chain data backed up the move: $83M in capital bridged onto Ethereum in a single day, with $58.5M sticking as net inflow,
🤑 Tron
TRON was included in the newly launched S&P Pantera Digital Asset Index, developed by S&P Dow Jones Indices and Pantera Capital using a methodology built around protocol utility, on-chain liquidity, and network activity.
🤑 Solana
Morgan Stanley made Solana available to eligible E*TRADE clients, opening access across 8.7 million households.
Tokenized-asset trading volume on Solana reached a record $5.8B in Q2, up 114% QoQ.
👀 Also Caught Our Eye
Four exchanges, one bad month: BitMart and BitMEX have both announced they're closing. Add AscendEX, which shut down on July 1, and EXMO, which began winding down operations this month, and that makes four established centralized exchanges closing in under a month.
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