Bitcoin spot ETF capital inflows hit a multi-month high, the BIP-110 fork failed, the vote on the CLARITY bill was postponed, the crypto market was overall stable, and gold tokens made a slight correction.
The crypto market has been generally stable over the past 24 hours, with Bitcoin rising slightly by 0.56% to $65,230. In terms of funds, the Bitcoin spot ETF saw a net inflow of US$853 million last week, hitting a multi-month high, indicating that institutional demand is picking up. On the news, the BIP-110 fork failed and the market reaction was muted, but it highlighted the dilemma of Bitcoin governance. The CLARITY Act has been postponed to a vote in September, and short-term uncertainty remains. Gold tokens pulled back slightly, but overall remained high. At the macro level, AI debt risks have attracted attention, but cloud vendors’ solvency is acceptable.
Bitcoin ETF capital inflows are the main highlight of the market, with BlackRock IBIT leading the way, indicating that traditional funds continue to enter the market. The BIP-110 fork tried to clear out junk transactions through soft forks, but it only produced two blocks and stalled, showing insufficient support from miners. The failure of the fork had limited impact on the Bitcoin main network, but it exposed governance differences. The postponement of the vote on the CLARITY Act has put market sentiment under short-term pressure, but the advancement of the long-term regulatory framework still deserves attention. In addition, Hyperliquid’s RWA perpetual contract trading volume hit a new high, but revenue declined, reflecting the dilution of platform profits from the fee-sharing plan.
Gold tokens XAUT and PAXG fell 0.62% and 0.47% respectively to $4,304.96 and $4,326.08. Despite the short-term correction, gold prices remain near record highs, reflecting the market's safe-haven demand from global economic uncertainty. It is worth noting that the trend of gold tokens is basically in sync with spot gold, but it is necessary to pay attention to its liquidity and premium differences. Under the current macro environment, real interest rates and the trend of the US dollar are still the key factors affecting gold prices.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
