Cryptocurrency

Crypto News Today: Bitcoin Outflows, Binance Wallet Launches Web3 API, and BTC Exchange Supply Fell

Crypto News Today: Bitcoin ETFs Add $10 Million as BTC Exchange Supply Falls to 2.56 Million; Binance Launches Web3 API and Sui Processes $65 Billion in Stablecoin Transfers

Written By : Bhavesh Maurya
Reviewed By : Achu Krishnan

Overview:

  • Spot Bitcoin ETFs recorded $10.06 million in net inflows, led by BlackRock's IBIT, while cumulative inflows across all Bitcoin ETFs reached $53.57 billion

  • Binance Wallet introduced its new Web3 API, offering market data, multi-chain trading support, quote aggregation, and built-in MEV protection

  • Bitcoin's Exchange Flux Balance fell to 2.56 million BTC, one of the lowest levels since 2020, signaling reduced exchange-held supply

The Crypto markets witnessed major developments as Bitcoin spot ETFs saw $10 million in inflows, while exchange supply of BTC fell to its lowest levels since 2020. Meanwhile, Binance Wallet rolled out its Web3 API, Sui said it handled roughly $65 billion in zero-gas stablecoin transfers, and BitGo expanded MiCA-compliant infrastructure across Europe.

Bitcoin Witnessed $10 Million in Inflows

According to SoSoValue, the Bitcoin spot ETFs saw a total net inflow of $10.06 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $16.35 million, and the total historical net inflow of IBIT currently stands at $62.20 billion. 

The second highest was the Grayscale Bitcoin Mini Trust ETF, with a daily net inflow of $4.35 million, and the total historical net inflow of the Grayscale Bitcoin Mini Trust ETF has reached $2.31 billion. 

The Bitcoin Spot ETF with the highest net outflow yesterday was Grayscale's ETF GBTC, with a daily net outflow of $16.81 million

The total net asset value of Bitcoin Spot ETFs is $82.06 billion, with an ETF net asset ratio of 6.22%. The historical cumulative net inflow has reached $53.57 billion.

Binance Wallet Launches Web3 API

According to an official announcement, Binance Wallet officially launched its Web3 API. 

Core features include:

Market Data API: Supports real-time token prices, K-line data, and price-change leaderboards. - 

Trading API: Aggregates Swap quotes from multiple service providers, supports token swaps and on-chain transaction broadcasting, and includes built-in MEV protection. 

Additionally, the API offers multi-chain support, covering EVM chains and Solana, and automatically identifies optimal Swap paths through quote aggregation.

Also Read: Bitcoin Rally Warning: Buyers Return, But $67,000 May Be a Dangerous Level

Sui Processes Nearly $65 Billion in Zero-Gas Stablecoin Transactions

Blockchain security firm CertiK said the Sui blockchain has processed nearly $65 billion in zero-gas stablecoin transactions since June 10. 

Sui said its zero-gas stablecoin transactions remove additional costs that hinder adoption, allowing funds to move as freely as messages. 

CertiK added that since early 2024, cumulative stablecoin transaction volume on the Sui network has exceeded $2.27 trillion.

BitGo Offers MiCA-compliant Infrastructure

According to a Wednesday announcement from BitGo, its German-regulated subsidiary, BitGo Europe, is offering a Crypto-as-a-Service platform that allows crypto companies to access MiCA-compliant infrastructure without building their own regulated operating framework. 

The launch comes as the European Union enters a new phase of crypto regulation. From July 1, firms that have not obtained authorization under the Markets in Crypto-Assets framework can no longer legally provide crypto services to customers in the bloc. 

The European Securities and Markets Authority has previously stated that companies operating without approval after the deadline would be in breach of EU law and should implement orderly wind-down plans. 

More than 3,000 crypto firms were registered across Europe before MiCA, yet only 194 had secured authorization by May 2026.

Also Read: Ethereum Price Today: ETH Holds Key Range as Whale Buying and QR Ph Use Shape Outlook

Bitcoin Exchange Supply Crashes

Bitcoin’s (BTC) Exchange Flux Balance has dropped to 2.56 million BTC. This is one of the lowest levels seen since 2020, according to the latest analysis by Alphractal.

The metric measures the cumulative net flow of Bitcoin across exchanges over time. This indicator reflects the long-term balance of Bitcoin held on exchanges rather than short-term market activity. 

In previous instances, the metric reached around 3.15 million BTC during the early 2020 peak before falling to nearly 2.6 million BTC in mid-2022 amid the market turmoil following the Luna collapse and FTX crisis.

The balance later climbed above 3 million BTC during the late 2024 and early 2025 bull market cycle as inflows increased again.

FAQs:

1. Why are Bitcoin ETF inflows important for the market?

ETF inflows are a key indicator of institutional demand. Sustained inflows generally suggest growing investor confidence and can reduce the available supply of Bitcoin in the market.

2. What is Binance Wallet's new Web3 API?

The API provides developers with real-time market data, token swap functionality, transaction broadcasting, and multi-chain support across EVM networks and Solana, helping simplify Web3 application development.

3. Why is the decline in Bitcoin exchange supply significant?

Lower exchange balances often indicate that investors are moving Bitcoin into long-term storage rather than preparing to sell. Historically, declining exchange reserves have been viewed as a potentially bullish signal.

4. What makes Sui's stablecoin activity notable?

According to CertiK, Sui processed nearly $65 billion in zero-gas stablecoin transactions since June 10 and has exceeded $2.27 trillion in cumulative stablecoin transaction volume since early 2024.

5. What is BitGo's MiCA-compliant Crypto-as-a-Service platform?

BitGo Europe is offering regulated infrastructure that allows crypto companies to operate within the European Union's MiCA framework without building their own compliance and custody systems from scratch.

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