Bitcoin rose above $65,000 on Monday, up nearly 3% over the week, with July inflation data due Wednesday at 8:30 a.m. ET after Friday’s weak jobs report eased worries the Federal Reserve would need to raise rates. Ether traded near $1,919 and is also up almost 3% on the week. BNB gained 0.3% to $603 […]
Archives for August 9, 2026
XRP is getting left behind in the crypto bounce even as ETFs keep attracting investor money
Payments-focused cryptocurrency XRP dropped about 5% to $1.03 last week, even as bitcoin BTC$65,020.97, ether ETH$1,919.69, and solana (SOL) each climbed 1% to 4%. The broader crypto market added 1.4%, pushing total market capitalization to $2.19 trillion. XRP is currently hovering near $1.03. The underperformance is puzzling because XRP exchange-traded funds still attracted net investor […]
Is Clarity’s delay a blessing in disguise?: State of Crypto
But there are other outstanding issues. Law enforcement provisions are still being debated, some agriculture-related issues are being worked out, and recently, a growing number of lawmakers have expressed concerns about stablecoin yield and rewards. These issues mean that if a vote were held, it very well may have failed. The GENIUS Act fell short […]
Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE
At the start of 2026 these builder-deployed markets were about 2% of Hyperliquid’s perp volume. They are now roughly half of it. The pass-through shows up in the accounts. Cost of revenue, the portion of fees Hyperliquid hands straight back to builders, market makers and its own liquidity vault, was under 6% of gross revenue […]
Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk
Bitcoin BTC$65,187.05 exchange-traded funds (ETFs) pulled in $853.54 million in net inflows for the week ended Aug. 7, the largest weekly total since mid-April, according to data from SoSoValue. BlackRock’s IBIT accounted for the bulk of the activity, attracting $693 million on its own. This surge in inflows offers a tentative sign that institutions are […]
Crypto is going through a massive dot-com style shakeout as over 100 projects fold in 2026
“There were way too many general-purpose layer twos, which frankly don’t make sense as a product, because there’s no reason to have many, many versions of the same thing,” Ben Fisch, CEO of Espresso Systems, told CoinDesk. “We’re in a consolidation phase for general-purpose layer twos, not layer twos broadly.” Industry leaders argue the shakeout […]
