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US spot Bitcoin ETFs recorded $4.89 million in net inflows, led by BlackRock’s IBIT with $50.20 million in daily inflows.
Large Cardano holders reduced positions as ADA slipped from its recent peak.
Bitwise cut 14% of its workforce amid weaker crypto markets, while Chainlink recorded 246 large transactions above $100,000 in 24 hours.
The crypto markets saw major developments as spot BTC ETFs recorded $4.89 million in net inflows, while Ravencoin fell to record lows. Also, Bitwise cut 14% of its total workforce and Chainlink whale activity rose to a five-month high.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of $4.89 million yesterday. The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock's IBIT, which recorded a daily net inflow of $50.20 million. Its total historical net inflow currently stands at $61.17 billion.
The Bitcoin spot ETF with the highest net outflow yesterday was Franklin's EZBC, with a daily net outflow of $16.46 million. Its total historical net inflow currently stands at $309.75 million.
The total net asset value of Bitcoin Spot ETFs is $77.46 billion, with an ETF net asset ratio of 6.06%. The historical cumulative net inflow has reached $52.04 billion.
Ravencoin has fallen to a record low after an exploited consensus vulnerability put several days of RVN transactions at risk and led exchanges to suspend deposits and withdrawals.
According to CoinGecko, Ravencoin fell to $0.002754 on Wednesday, about 22% below its 24-hour high of $0.003529, as selling accelerated following details of the network problem. Trading volume climbed above $18 million during the sell-off before falling back to roughly $9.6 million.
The decline came after Ravencoin disclosed on Tuesday that a consensus flaw had allowed vulnerable nodes to accept blocks that should have been rejected.
The project traced the first known invalid block to height 4,487,776 on Aug. 7, leaving transactions processed over the following days exposed to a possible rollback.
Also Read: Bitcoin Futures Shorts Ease as Riot Lands $9.1B AI Data Center Deal
Bitwise Asset Management has cut 14% of its staff amid a crypto market downturn, while the company's CEO said the layoffs still position it well for growth.
Bitwise CEO Hunter Horsley stated in an emailed statement that the crypto asset manager trimmed its global team to around 155 last week.
Despite the job cuts, Horsley said the adjustment "equips us well for the ongoing growth we've seen this year and expect to continue as crypto further integrates into the global economy."
The crypto asset manager's latest move came amid a prolonged downturn in the crypto market. Its key product, the Bitwise 10 Crypto Index Fund (BITW), shows that its net assets dropped 31% in the first seven months of 2026.
Cardano’s largest holders are pulling back after ADA’s recent local rally, with wallets holding between 1 million and 10 million tokens declining from 2,370 to 2,340 in only nine days.
Blockchain analyst Ali Martinez interpreted the drop as evidence that whales were taking profits near the peak, leaving the market with less support from large capital.
The timing is difficult to ignore as the selloff arrived just as ADA failed to sustain its local high. The token slipped from above $0.202 to $0.188 as pressure from major holders intensified.
The retreat by large holders is being reinforced by on-chain deterioration. Exchange supply rose sharply while Cardano’s MVRV ratio crossed below its seven-day simple moving average, creating what the report described as a death cross.
According to Santiment data, Chainlink (LINK) whale activity rose significantly, with 246 LINK large transactions exceeding $100,000 occurring within 24 hours, the highest single-day level in five months.
At the same time, wallets holding between 100,000 and 10 million LINK currently collectively hold about 466.3 million LINK, accounting for 46.57% of the total supply, indicating that this round of whale activity is accompanied by a balance increase.
Santiment pointed out that Chainlink is continuously expanding in directions such as CCIP, tokenized assets, stablecoins, institutional data, and new cross-chain channels, and official metrics still position the network as the core oracle infrastructure for on-chain finance.
Also Read: XRP at $1: Could a Break Below Support Trigger a Deeper Sell-Off?
1. How much did Bitcoin spot ETFs receive in net inflows?
US spot Bitcoin ETFs recorded approximately $4.89 million in daily net inflows. BlackRock’s IBIT led individual products with about $50.20 million in inflows.
2. Why did Ravencoin fall to a record low?
Ravencoin dropped after a consensus vulnerability allowed some nodes to accept invalid blocks. The issue raised concerns that several days of transactions could potentially face a rollback.
3. Why did Bitwise cut its workforce?
Bitwise reduced its global workforce by 14% to roughly 155 employees amid a prolonged crypto downturn. CEO Hunter Horsley said the restructuring positions the company for continued growth.
4. Why are Cardano whales selling ADA?
Wallets holding 1 million to 10 million ADA declined from 2,370 to 2,340 in nine days. Analysts interpreted the decline as profit-taking by large holders following ADA’s recent rally.
5. What is happening with Chainlink whale activity?
Chainlink recorded 246 transactions worth more than $100,000 within 24 hours, its highest level in five months. Large wallets also collectively held about 466.3 million LINK.
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