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Bitcoin spot ETFs recorded $113.78 million in net outflows, led by a sharp $182 million withdrawal from BlackRock’s IBIT
The Ethereum Foundation laid off 54 employees, or about 20% of its workforce, while reducing its annual budget by nearly 40%
SecondFi traced its wallet breach to native Cardano wallet-generation software, with SlowMist estimating possible losses above $20 million
The Crypto markets witnessed major developments as Bitcoin spot ETFs saw $113.78 million in net outflows, while US senators are pushing for a probe over a reported $500 million Trump-linked crypto deal; the Ethereum Foundation slashed 20% of its workforce and Cardano’s SecondFi is facing a possible $20 million security loss.
According to SoSoValue, Bitcoin Spot ETF saw a total net outflow of $113.78 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was Ark Invest and 21Shares ETF ARKB, with a daily net inflow of $30.98 million.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of $23.04 million. The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of $182 million and the total historical net inflow of IBIT currently stands at $61.72 billion.
The total net asset value of Bitcoin Spot ETFs is $77.54 billion, with an ETF net asset ratio of 6.19%. The historical cumulative net inflow has reached $53.22 billion.
A group of US Senate Democrats is calling for a formal investigation into a reported $500 million investment deal involving World Liberty Financial, a crypto platform linked to US President Donald Trump and an Abu Dhabi-backed investment company.
The lawmakers are urging Senate Republican leaders to immediately hold hearings and require Trump administration officials to testify under oath about the transaction and its potential implications for US national security.
The request follows reports that an investment firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser and a member of Abu Dhabi’s ruling family, acquired a 49% stake in World Liberty Financial in January 2025.
The Bitcoin mining industry faces a business model transformation that data quantifies with precision. The electrical cost of production sits around $48,694 per BTC, while the realized price remains near $54,000.
The gap represents a gross margin of 9.9%, insufficient to absorb operating costs, capital expenditure and maintenance expenses in low-efficiency fleets.
The hash price holds near $29 per PH/s per day and transaction fees contribute roughly 1% of total miner revenue.
With the 2028 halving that will cut the block subsidy from 3.125 BTC to 1.5625 BTC, operators without clear structural advantages will accumulate severe margin pressure in the next cycle.
Also Read: Bitcoin and Nasdaq Outlook: Are Risk Assets Headed Lower?
The Ethereum Foundation announced Tuesday it is eliminating 54 positions, roughly 20% of its workforce, as part of a reorganization that reshapes the non-profit into five domain-focused clusters.
“We come out of this process with the structure, activities and people necessary for execution on the critical tasks ahead of us, but also with 54 fewer colleagues, roughly 20% of the EF, many of whom will be finding ways to contribute to Ethereum from outside the EF in the coming weeks," the Foundation wrote in its official blog post.
Co-founder Vitalik Buterin framed the cuts as financially necessary and strategic. The Foundation is reducing its overall budget by roughly 40% this year, he said, part of a shift toward an endowment-based operating model.
The current annual spend rate of approximately 15% of remaining funds is targeted to fall to around 5% per year after 2030, ensuring the organization can operate indefinitely rather than drawing down its treasury.
SecondFi, a Cardano ecosystem wallet project, said it has traced a recent security incident to its native Cardano web wallet generation software.
“We have isolated the root cause of the recent security incident,” said SecondFi in a security update. “The issue was confined to our native Cardano web wallet generation software.”
SlowMist founder Cos, also known as Yu Xian, said the damage could be far larger than SecondFi’s early figure. He said the estimate depends on whether two Cardano addresses he tracked are confirmed as attacker wallets.
“The users of this wallet have likely lost over $20 million,” said SlowMist founder Cos in an X post. He said the possible loss may involve more than 129 million ADA and other tokens.
Also Read: ETH Forecast: Watching the Trendline That Could Define Ethereum’s Direction
Bitcoin spot ETFs recorded $113.78 million in net outflows as institutional investors continued reducing exposure. BlackRock's IBIT accounted for the largest withdrawal at $182 million, despite inflows into ARKB and Fidelity's FBTC.
US Senate Democrats are seeking hearings into a reported $500 million investment involving World Liberty Financial and an Abu Dhabi-backed investment firm. Lawmakers want officials to testify about potential national security implications.
The average electricity production cost is estimated at $48,694 per BTC, while the realized Bitcoin price is around $54,000, leaving miners with limited margins. The 2028 Bitcoin halving is expected to increase profitability challenges further.
The Ethereum Foundation eliminated 54 positions, about 20% of its workforce, as part of a restructuring plan. The organization also aims to reduce its annual spending rate from 15% of its treasury to around 5% after 2030.
SecondFi has confirmed a vulnerability in its Cardano wallet generation software. Blockchain security firm SlowMist estimates user losses could exceed $20 million, involving more than 129 million ADA and other digital assets if the suspected attacker wallets are confirmed
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