Overview:

• Spot Bitcoin ETFs recorded $128.69 million in fresh inflows, with BlackRock's IBIT leading institutional demand.

• The US Senate postponed consideration of the crypto market structure bill until September, extending regulatory uncertainty.

• SecondFi announced its shutdown after a $2.4 million exploit affected hundreds of Cardano wallets.

The crypto markets saw major developments as spot Bitcoin ETFs recorded $128.69 million in net inflows, while the CLARITY Act in the US got delayed to September. Additionally, SecondFi shut down following a $2.4 million Cardano hack, and Bitcoin mining giants MARA and Cleanspark’s revenue declined in double digits. 

Bitcoin Witnessed $128.69 million in Inflows

According to SoSoValue, Bitcoin spot ETF saw a total net inflow of $128.69 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $128.33 million, and the total historical net inflow of IBIT currently stands at $61.09 billion. 

The second highest was Morgan Stanley's ETF MSBT, with a daily net inflow of $14.94 million, and the total historical net inflow of MSBT currently stands at $429.07 million. 

The Bitcoin Spot ETF with the highest net outflow yesterday was VanEck's ETF HODL, with a daily net outflow of $32.77 million, and the total historical net inflow of HODL currently stands at $1.10 billion. 

The total net asset value of Bitcoin Spot ETFs is $78.77 billion, with an ETF net asset ratio) of 6.09%. The historical cumulative net inflow has reached $52.08 billion.

CLARITY Act Delayed to September 

The US Senate will wait until September to consider the CLARITY Act after lawmakers failed to reach an agreement before the August recess. 

Senate Majority Leader John Thune said Democrats opposed a pre-recess vote and wanted negotiations on the crypto market structure bill to continue.

The delay gives senators more time to address ethics rules, banking concerns and other disputed provisions. The bill still needs enough bipartisan support to clear the Senate’s 60-vote threshold.

The Senate entered its August break without taking up the Digital Asset Market Clarity Act, or H.R. 3633. Republican leaders had sought a time agreement covering items before lawmakers left Washington. 

Also Read: Ethereum Price Prediction for August 2026

SecondFi Shuts Down After Cardano Hack

Cardano wallet provider SecondFi is shutting down after a software vulnerability enabled hackers to steal approximately 16.1 million ADA, valued at about $2.4 million, from hundreds of user wallets in one of the ecosystem’s most significant wallet security incidents this year. 

The breach affected 374 wallets after attackers exploited a flaw in SecondFi’s transaction-signing software that exposed sensitive cryptographic information. 

The company said the vulnerability has since been patched but confirmed it will permanently discontinue normal operations despite securing additional customer assets before they could be compromised. 

MARA and CleanSpark See Double-Digit Revenue Drops

Bitcoin mining giants MARA Holdings and CleanSpark saw revenue falls amid higher operational challenges in mining and an ongoing diversification process toward high-performance computing. 

During the second quarter of 2026, MARA generated $174.9 million compared to $238.5 million the previous year. The company attributed much of this result to a $343 million fair-value loss on its digital assets, bringing the final net loss for the period to $611.3 million. In the same quarter of the previous year, the firm had posted a net income of $808.2 million. 

CleanSpark reported revenues of $138.0 million at the close of its third fiscal quarter on June 30, down from $198.6 million in the prior comparable period. The financial statement reflected a fair-value loss on its Bitcoin holdings of $116.3 million, contributing to a total net loss of $239.8 million.

Stripe-Owned Bridge Joins EU MiCA

Bridge has joined the EU’s MiCA register, increasing the number of authorized electronic money token issuers to 42 after securing regulatory approval in Luxembourg.

According to the latest update published by the European Securities and Markets Authority (ESMA) on Wednesday, Bridge Building, the Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has been added to the European Union’s Markets in Crypto-Assets (MiCA) register as an authorized electronic money token (EMT) issuer. 

The addition raises the number of MiCA-authorized EMT issuers in the European Union to 42. ESMA’s latest register update also added three new crypto-asset service providers (CASPs) from Germany, bringing the total number of authorized CASPs across the bloc to 324. 

Also Read: When Will Bitcoin Price Recover?

FAQs:

1. Why are Bitcoin ETF inflows important?

Bitcoin ETF inflows indicate growing institutional participation in the crypto market. Consistent inflows generally reflect stronger investor confidence and can provide long-term support for Bitcoin prices.

2. What is the CLARITY Act?

The CLARITY Act is proposed US legislation designed to establish clearer regulatory oversight for digital assets by defining the responsibilities of agencies such as the SEC and CFTC.

3. What happened to SecondFi?

SecondFi announced it would cease operations after hackers exploited a software vulnerability that resulted in the theft of approximately 16.1 million ADA, valued at around $2.4 million, from 374 wallets.

4. Why did MARA and CleanSpark report lower revenue?

Both Bitcoin mining companies were impacted by weaker mining economics and large fair-value losses on their Bitcoin holdings, leading to double-digit revenue declines and substantial quarterly net losses.

5. What does Bridge joining the EU MiCA register mean?

Bridge's approval under the EU's MiCA framework allows it to operate as an authorized electronic money token issuer. The move strengthens regulatory compliance for stablecoin infrastructure and expands Europe's regulated crypto ecosystem.