During the completed week ending July 24, U.S. spot Bitcoin ETFs recorded $33.9 million in net inflows, while spot Ethereum ETFs attracted $103.8 million.
Bitcoin moved back above $65,000 as the U.S. and Iran held fire over the weekend, pushing oil prices lower and improving risk appetite ahead of this week’s Fed interest rate decision.
The CLARITY Act remained in focus as crypto advocacy groups pushed the Senate to advance the bill before the August recess, while political disagreements over ethics rules continued to weigh on its passage outlook.
South Korea’s KB Kookmin Bank is preparing to launch a blockchain-based cross-border payment service for import and export companies using JPMorgan’s Kinexys network, highlighting continued institutional adoption of blockchain settlement infrastructure.
Crypto security risks stayed in focus after Triple-A’s treasury-wallet losses climbed to $11.8 million, while additional incidents involving Garden Finance and WEMIX showed that protocol and wallet vulnerabilities remain a market concern.
Bitcoin is trading around $65,108, while Ethereum is trading around $1,959.
The Fear and Greed Index stands at 30, indicating fear in market sentiment.
