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Spot Bitcoin ETFs attracted $33.79 million in weekly net inflows; Grayscale Bitcoin Mini Trust $BTC led the inflows with $85.78 million
WEMIX confirmed unauthorized token minting after an attacker gained owner-level access, prompting the company to identify wallets and coordinate with exchanges to freeze assets.
Stripe's stablecoin partnerships lead exited the company after expanding its card program globally.
The cryptocurrency market witnessed mixed developments as spot Bitcoin ETFs reported $33.79 million in net inflows last week, while WEMIX faced a security breach with transfers of around $6.25 million. Additionally, the BTC MVRV ratio fell to 0.42, and Senator Lummis pushes for the CLARITY Act amid growing illegal crypto activity.
According to SoSoValue, last week, spot Bitcoin ETFs witnessed net inflows of $33.79 million. The spot Bitcoin ETF with the largest weekly net inflow last week was Grayscale Bitcoin Mini Trust $BTC, with a weekly net inflow of $85.78 million, and $BTC's total historical net inflows are now $2.65 billion. The next was Ark & 21 Shares ETF ARKB, with a weekly net inflow of $78.73 million, and ARKB's total historical net inflows are now $1.33 billion.
The spot Bitcoin ETF with the largest weekly net outflow last week was BlackRock ETF IBIT, with a weekly net outflow of $95.9 million, and IBIT's total historical net inflows are now $60.39 billion. The total net asset value of spot Bitcoin ETFs was $77.82 billion, the ETF net asset ratio reached 6.05%, and cumulative historical net inflows have reached $51.39 billion.
CryptoQuant analyst Axel Adler Jr. said Bitcoin's MVRV Z-Score has fallen to about 0.42, around four times below its historical mean of 1.7, indicating the asset is in an undervalued range. According to ChainCatcher, the metric has not yet entered negative territory, suggesting the market has not seen the kind of capitulation selling often associated with cycle bottoms.
Bitcoin's 7-day realized profit and loss has also turned positive after being negative, now standing at about $239 million, which suggests on-chain selling pressure has eased. The analysis said the market is in a phase of undervaluation and short-term stabilization, but it has not yet shown the capitulation signal typically needed to confirm a cycle bottom.
Also Read: Bitcoin Faces Pressure From Higher Oil Prices, Interest Rates, Regulatory Uncertainty
WEMIX confirmed that an attacker took control of owner privileges linked to its WEMIX$ stablecoin contract on July 26. The access allowed the attacker to create tokens without approval and move assets through several blockchain networks.
An early Korean report valued the abnormal issuance and transfers at about $6.25 million. A later WEMIX update gave a more detailed figure of roughly 5.23 million WEMIX$ minted. The company said the incident began at about 9:17 UTC, or 6:17 pm in South Korea. WEMIX identified suspected attacker wallets and asked exchanges and stablecoin issuers to help freeze the assets.
Stripe’s stablecoin partnerships head, Connor Fitzgerald, has stepped down after helping build the company’s global stablecoin card program from launch to operations across more than 100 markets.
Connor Fitzgerald announced on X that last week was his final week at Stripe and its stablecoin infrastructure business Bridge, ending a tenure that began shortly after Stripe completed its acquisition of the stablecoin platform.
According to Fitzgerald, the early stages required building sponsor bank partnerships from scratch while working through regulatory and operational requirements. “I also got to work with some of the best people in fintech, many of whom became close friends, while seeing up close how Stripe builds and operates at scale,” Fitzgerald wrote.
On July 27, according to Bitcoin.com, US Senator Cynthia Lummis pushed for the CLARITY Act to complete a Senate vote before Congress adjourned.
Section 303 of the bill grants the Treasury Department the power to impose digital-asset-specific sanctions on foreign jurisdictions, and Section 305 allows exchanges to freeze suspicious transactions for up to 180 days.
On-chain data shows that North Korea’s Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the global crypto thefts in the same period ($972 million), including a $285 million attack on $Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge.
The group’s cumulative thefts since 2019 have reached $6.75 billion. Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%; the bill still requires 60 votes to advance.
Also Read: Ethereum Price Forecast: Will ETH Recover After Losing the $1,900 Level?
1. How much money flowed into Bitcoin ETFs last week?
According to SoSoValue, spot Bitcoin ETFs recorded net inflows of $33.79 million last week. Grayscale Bitcoin Mini Trust led inflows with $85.78 million, while BlackRock's IBIT posted the largest weekly outflow.
2. What does Bitcoin's MVRV Z-Score of 0.42 indicate?
According to CryptoQuant analyst Axel Adler Jr., an MVRV Z-Score of 0.42 suggests Bitcoin is trading in an undervalued range compared with its historical average. However, the metric has not yet reached levels typically associated with full market capitulation.
3. What happened to WEMIX?
WEMIX confirmed that an attacker gained control of owner privileges tied to its stablecoin contract, enabling unauthorized token creation. The company has identified suspected wallets and is working with exchanges and stablecoin issuers to freeze the affected assets.
4. Why is the CLARITY Act important for the crypto industry?
The CLARITY Act proposes new regulatory powers over digital assets, including sanctions on foreign jurisdictions and allowing exchanges to freeze suspicious transactions for up to 180 days. The legislation still requires sufficient Senate support before becoming law.
5. Why did Stripe's stablecoin partnerships lead leave the company?
Connor Fitzgerald announced his departure after helping build Stripe's stablecoin card program across more than 100 markets. During his tenure, he worked on sponsor bank partnerships and helped establish the operational infrastructure supporting Stripe's stablecoin business.
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