ETF split widens: BTC spot ETFs added $301 million for a 2nd straight day of inflows above $300 million while ETH spot ETFs lost another $38 million to register a 3rd consecutive day of outflows.
Emissions vs. demand (BTC): Yesterday’s ETF bid was worth approximately 2.7k BTC, which is more than 3x current daily miner issuance (~900 BTC/day). ETF bids continue to absorb supply at a rapid pace.
ETH balance-sheet demand: Bitmine received 80,325 ETH (~$358M) and now holds 1.95M ETH ($8.7B). At the same time, the ETH validator entry queue currently has 860k ETH waiting, which is a 2-year high and underscores staking demand.
Macro & policy: Rate-cut odds jumped to 93.7% after soft JOLTS report with US tariff revenue hitting $31 billion in August (2025 high), keeping inflation optics in play.
Positioning tone: BTC continues to hold the $110k shelf (1–3m cost-basis zone); although average BTC per whale for the 100 BTC – 10k BTC cohort keeps declining (~488 BTC/entity), signaling broader distribution/fragmentation.
Attackers hijacked a backend wallet system to feed forged transfers into Bitget's own signing process, leaving the exchange to cover the loss from a Bitcoin-denominated protection fund worth about $464 million.
The investment migration industry's flagship crypto report leads with Singapore topping its adoption index, but the more revealing numbers are a client base that may have shrunk by a fifth since 2024 and a quiet admission that onchain history alone can't prove where crypto wealth came from.
The group-wide framework scales a model RBI's chief executive first rolled out at a regional Austrian Raiffeisen bank in 2024, though no countries, assets or launch dates have been named.
The deal gives the NYSE's yet-to-launch 24/7 digital trading venue a second major crypto exchange as a distribution partner after OKX, with regulatory approval and a launch date still outstanding.
