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Crypto News Today: Bitcoin Inflows, Maya Protocol Exploit, Strategy Sells Stock

Crypto News Today: Bitcoin ETF Inflows Hit $189 Million, Maya Protocol Exploit Drains BTC and Strategy Raises $334 Million

Written By : Bhavesh Maurya
Reviewed By : Achu Krishnan

Overview:

  • Spot Bitcoin ETFs recorded $189 million in daily net inflows, led by BlackRock’s IBIT with $144 million.

  • MAYAChain halted trading after an exploit drained about $1.7 million directly and contributed to roughly $11 million in wider losses.

  • Strategy raised $333.7 million through MSTR share sales but made no Bitcoin purchases, leaving holdings unchanged at 840,447 BTC.

The crypto markets saw major developments as spot Bitcoin ETFs recorded $189 million in net inflows, while Maya Protocol was drained of $1.7 million in Bitcoin. Also, Strategy sold $334 million in stocks and crypto card spending jumped 2.5 times from a year earlier in July.

Bitcoin Witnessed $189 Million in Inflows

According to SoSoValue, the previous day’s total net inflow into spot Bitcoin ETFs was $189 million. 

The spot Bitcoin ETF with the largest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $144 million; IBIT’s cumulative historical net inflow is currently $61.4 billion. 

The next was Fidelity’s ETF FBTC, with a single-day net inflow of $23.92 million; FBTC’s cumulative historical net inflow is currently $10.02 billion.

The ETF net asset ratio reached 6.12%, and cumulative historical net inflows have reached $52.28 billion, with total net assets worth $72.30 billion.

Maya Protocol Exploit

Cross-chain liquidity protocol Maya Protocol halted its MAYAChain network after a series of software bugs created a false balance in one of its liquidity pools, allowing an attacker to drain nearly $1.7 million in Bitcoin and other assets, and created further fallout that caused roughly $11 million in total losses. 

Founder said on X exploited 20 BTC, worth about $1.4 million, plus roughly $300,000 of other assets. 

The protocol stopped all trading to contain the damage and said it is working on a fix before swaps resume.

MAYAChain is a smaller cross-chain trading network that lets users swap assets such as Bitcoin and Ether without first sending them through a centralized exchange, and is part of the broader Maya ecosystem.

Strategy Sells $334 Million Stock

Strategy raised $333.7 million through common-stock sales last week without buying Bitcoin, marking a sharp departure from its familiar pattern of using equity issuance to expand its cryptocurrency treasury. 

The Michael Saylor-led company sold 3.46 million MSTR shares between Aug. 10 and Aug. 16, according to a Securities and Exchange Commission filing Monday. 

Strategy allocated $52.4 million of the proceeds to dividends on its STRC preferred shares. Another $132.2 million was used for repurchases of 1.39 million STRC shares, while $149.1 million went into its US dollar reserve. 

The transactions increased that reserve to $4.8 billion. Strategy made no Bitcoin purchases or sales during the week, leaving its holdings unchanged at 840,447 BTC. 

Also Read: Austria’s New Bitcoin Tax Report Gives Investors a 2026 Tool

Crypto Card Spending Jumps 2.5x in July

Crypto payment card spending has jumped 2.5 times from a year earlier to reach $759 million in July, supported by nearly 9 million purchases settled mainly through dollar-backed stablecoins.

A16z crypto reported the numbers using data from Paymentscan, which tracks payment activity linked to crypto card programs across several blockchains.

The monthly total has climbed from less than $1 million in October 2023, when Paymentscan began tracking the market, to more than three-quarters of a billion dollars. 

According to the report, the figures imply an average purchase value of roughly $86. Paymentscan’s data covers on-chain activity that it can connect to individual card programs, although the dataset handles its largest program differently.

Binance Pay Hits Bhutan’s DK Bank QR Network

Binance Pay has expanded its payment infrastructure in Bhutan by connecting with DK Bank’s domestic QR network, allowing customers to use cryptocurrency at more than 3,700 merchants across the country. 

The integration, announced by Binance on August 17, lets travelers and local customers scan existing merchant QR codes through the Binance app rather than requiring businesses to install new crypto-specific payment hardware. 

The development is significant since it connects digital-asset payments with an established national payment network, potentially making crypto spending more practical for tourism, retail, dining and hospitality.

Also Read: Ethereum’s Next Phase: How the Blockchain is Preparing for the Next 10 Years

FAQs:

1. How much did spot Bitcoin ETFs receive in daily inflows?
Spot Bitcoin ETFs recorded about $189 million in net inflows for the day. BlackRock’s IBIT led with roughly $144 million, while Fidelity’s FBTC added around $23.92 million.

2. What happened to Maya Protocol?
Maya Protocol halted MAYAChain after software bugs reportedly created a false liquidity-pool balance that an attacker exploited. Around $1.7 million in Bitcoin and other assets was directly drained, with wider losses estimated near $11 million.

3. Why did Strategy raise $333.7 million without buying Bitcoin?
Strategy sold 3.46 million MSTR shares and directed the proceeds toward STRC dividends, preferred-share repurchases and its dollar reserve. Its Bitcoin holdings remained unchanged at 840,447 BTC during the week.

4. How much did crypto card spending grow in July?
Crypto-linked card spending reached roughly $759 million in July, about 2.5 times the level recorded a year earlier. Nearly 9 million purchases were made, implying an average transaction size of around $86.

5. What does Binance Pay’s Bhutan expansion mean?
Binance Pay is connecting with DK Bank’s domestic QR network, giving users access to more than 3,700 merchants. Customers can pay through existing merchant QR codes without businesses installing separate crypto payment hardware.

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