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Bitcoin spot ETFs recorded USD 337.56 million in daily net inflows, led by BlackRock’s IBIT with USD 208.93 million.
XRP active addresses surged 654.71% in 14 days, rising from 47,180 to 356,070 as its market capitalization reached USD 93.8 billion.
USDC accounted for 99.3% of x402 payment volume measured by Circle.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 337 million in net inflows, while XRP Active addresses jumped 655% in the past two weeks. Also, Zcash hits 8-year High and a US businessman faces 280 years in prison for USD 24 million crypto fraud.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of USD 337.56 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of USD 208.93 million, and the total historical net inflow of IBIT currently stands at USD 62.64 billion.
Fidelity's FBTC recorded the second-highest inflow at USD 104.57 million, and the total historical net inflow of FBTC currently stands at USD 10.28 billion.
The total net asset value of Bitcoin Spot ETFs is USD 98.56 billion, with an ETF net asset ratio of 6.22%. The historical cumulative net inflow has reached USD 54.04 billion.
As XRP gained more than USD 31.27 billion over the past seven days, reaching a market capitalization of USD 93.8 billion on August 25, its on-chain activity has jumped by more than 650% over the past two weeks.
XRP’s active addresses surged by 654.71% between August 10 and August 24, according to data from Santiment.
The token’s network activity moved from 47,180 active addresses on August 10 to 356,070 accounts on Monday, thereby increasing by 308,890 active addresses in 14 days.
Also Read: XRP Supply Dilution is Rising While XRPL Revenue Falls: What it Means for XRP's Long-Term Value
Zcash outperforms as tech billionaires link its 21 million scarcity to the AI era. Cameron Winklevoss directly linked the asset's long-term prospects to technological progress: "If you are bullish on AI then you are bullish on Zcash. In the age of super intelligence, private money is essential."
The price of Zcash (ZEC) has reached an eight-year high, climbing to the USD 836-USD 857 range during a months-long rally.
The asset has risen more than 4 times since the start of the year, completing its breakout from a prolonged trading range.
Las Vegas businessman Brent C. Kovar was convicted by a federal jury for fraudulently obtaining USD 24 million from at least 400 investors through his cryptocurrency company, Profit Connect.
Kovar was found guilty on 11 counts of wire fraud, two counts of mail fraud and two counts of money laundering, the US Attorney's Office for the District of Nevada said in a statement on Monday.
According to the statement, Kovar owned Profit Connect, a Las Vegas-based company that operated from late 2017 to July 2021.
He told investors that the company used artificial intelligence software on a supercomputer to mine crypto and verify transactions.
Circle CEO Jeremy Allaire identified payments between artificial intelligence agents as a major emerging opportunity for USDC during an Aug. 19 earnings webcast.
Allaire said software agents need a reliable unit of account that supports fast, inexpensive and predictable settlement.
Circle’s second-quarter figures showed that 99.3% of payment volume using the x402 agent-payment protocol settled in USDC.
The 99.3% figure applies specifically to x402 activity measured by Circle. It should not be interpreted as USDC processing 99.3% of every payment made by AI agents across all networks and protocols.
Also Read: Ethereum vs. Tokenized Assets: Why Institutional Adoption Could Strengthen ETH's Role in Finance
1. How much money flowed into Bitcoin spot ETFs?
Bitcoin spot ETFs recorded USD 337.56 million in net inflows yesterday. BlackRock’s IBIT led with USD 208.93 million, followed by Fidelity’s FBTC with USD 104.57 million.
2. How much did XRP active addresses increase?
XRP active addresses rose 654.71% between August 10 and August 24. The number increased from 47,180 to 356,070 active accounts in just 14 days.
3. Why is Zcash gaining attention?
Zcash reached an eight-year high in the USD 836–857 range after rising more than fourfold since the start of the year. Its fixed 21 million supply and privacy-focused design have also attracted renewed attention.
4. What happened in the USD 24 million crypto fraud case?
Las Vegas businessman Brent C. Kovar was convicted of fraud involving at least 400 investors through Profit Connect. He was found guilty on wire fraud, mail fraud and money-laundering charges and faces up to 280 years in prison.
5. What role is USDC playing in AI agent payments?
Circle said USDC accounted for 99.3% of payment volume measured on the x402 agent-payment protocol in its second-quarter data. That figure applies specifically to x402 activity tracked by Circle, not all AI-agent payments across every network.
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