Bitcoin spot ETFs saw $84.86 million in net outflows, with Grayscale’s GBTC posting the largest daily outflow at $63.69 million
XLM trading volume jumped more than 303% to $873 million after Stellar deployed its Zipper Protocol 27 upgrade on mainnet
Malaysia seized more than 75,000 crypto mining machines after 3,049 raids linked to electricity theft between 2022 and May 2026
The crypto market saw major developments as Bitcoin spot ETFs logged $84.86 million in net outflows, while Stellar’s volume jumped more than 303% as its Protocol 27 was deployed on mainnet. Elsewhere, Malaysia pushed harder on its crypto mining crackdown and JPMorgan’s tokenized Ethereum fund expanded sharply.
According to SoSoValue, the Bitcoin spot ETFs saw a total net outflow of $84.86 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was the Grayscale Bitcoin Mini Trust ETF BTC, with a daily net inflow of $52.83 million, and the total historical net inflow of BTC currently stands at $2.49 billion.
The Bitcoin Spot ETF with the highest net outflow yesterday was Grayscale's ETF GBTC, with a daily net outflow of $63.69 million, and the total historical net outflow of GBTC currently stands at $27.28 billion.
The total net asset value of Bitcoin Spot ETFs is $75.34 billion, with an ETF net asset ratio of 6.05%. The historical cumulative net inflow has reached $51.28 billion.
XLM’s volume surged more than 303% in the last 24 hours to $873 million, according to data from CoinMarketCap.
This is noteworthy as most major cryptocurrencies, including Bitcoin and Ethereum, saw a drop in volume over the last 24 hours, falling 20% and 15% respectively.
The main trigger behind the volume increase is not evident, but some factors might have contributed. Stellar's third major protocol upgrade has taken place so far in 2026, with a corresponding rise in trader activity.
The Zipper (Protocol 27) has been deployed on Stellar's mainnet. The protocol upgrade introduces authentication delegation for custom accounts and address-bound smart contract address credentials.
Also Read: Bitcoin Price Holds Near $62.9K as ETF Demand Supports Recovery
The Malaysian government seized more than 75,000 machines used for crypto mining, as part of a nationwide crackdown. Police conducted raids in response to the increase in electricity theft.
The Deputy Home Minister, Datuk Seri Dr. Shamsul Anuar, appeared this Wednesday before the lower house of parliament (Dewan Rakyat). The official disclosed statistical data compiled from coordinated operations between the Royal Malaysia Police and the state utility company Tenaga Nasional Berhad.
According to the official report presented in the parliamentary session, law enforcement agencies conducted 3,049 raids between 2022 and May 2026.
These joint actions with municipal administrations resulted in the detention of 629 individuals directly linked to the illegal infrastructure.
JPMorgan Asset Management has deployed around $800 million across two tokenized funds on the public Ethereum blockchain.
The bank's asset management arm runs both funds on Kinexys, its digital-asset platform launched in 2020 for permissioned bank networks.
The two products, MONY and JLTXX, together form one of the largest tokenized fund deployments by a major US bank.
The newer fund, JLTXX, launched on May 13, 2026, with a $100 million seed investment from JPMorgan Asset Management. Crypto Briefing reported that the fund grew 250% in its first month. It reached about $695 million by early July 2026.
Shiba Inu is down more than 5% over the past week, showing that lower supply alone hasn’t been enough to shift market structure.
According to Shibburn data, the Shiba Inu community burned 152 million+ SHIB over the past week, lifting the weekly burn rate by 55.77%. Most of that increase came from the 110 million SHIB burned, marking the network’s biggest single-day burn in six months.
Since launch, the SHIB community has burned more than 410 trillion SHIB, roughly 585.6 trillion tokens still circulate in the market.
Also Read: ETH Price Outlook: Will Ethereum Clear the Key $1,800 Resistance Level?
1. How much outflow did Bitcoin spot ETFs record?
Bitcoin spot ETFs recorded total net outflows of $84.86 million. Grayscale’s GBTC saw the highest outflow at $63.69 million.
2. Why did Stellar XLM volume surge?
XLM volume rose more than 303% to $873 million. The increase came after Stellar deployed its Zipper Protocol 27 upgrade, which introduced authentication delegation features.
3. What happened in Malaysia’s crypto mining crackdown?
Malaysia seized more than 75,000 crypto mining rigs during a nationwide crackdown. Authorities conducted 3,049 raids and detained 629 individuals linked to illegal mining infrastructure.
4. How large is JPMorgan’s tokenized Ethereum fund?
JPMorgan Asset Management has deployed around $800 million across two tokenized funds on Ethereum. Its JLTXX fund reportedly grew 250% to about $695 million by early July 2026.
5. Why did Shiba Inu fall despite token burns?
Shiba Inu fell more than 5% even after the community burned over 152 million SHIB in a week. The decline shows that token burns alone may not be enough to reverse weak market sentiment.