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Bitcoin spot ETFs recorded $79.15 million in net inflows, led by BlackRock’s IBIT with $33.44 million and Fidelity’s FBTC with $30.73 million.
Visa launched its Stablecoin Platform to help banks, fintechs, and payment providers access on-chain settlement without building a full infrastructure.
Polygon holders increased from 138,000 to 245,000 in one month, adding 107,000 new wallets as network payment activity grew.
The crypto market saw major development as Bitcoin spot ETFs reported $79.15 million in net inflows, while Visa rolled out its stablecoin platform. Polygon added 107,000 more holders, BitPay got MiCA approval, and Kalshi’s crypto contract trading volume reached $217.98 million.
According to SoSoValue, the Bitcoin spot ETFs saw a total net inflow of $79.15 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $33.44 million, and the total historical net inflow of IBIT currently stands at $60.35 billion.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of $30.73 million, and the total historical net inflow of FBTC currently stands at $9.97 billion.
The total net asset value of Bitcoin Spot ETFs is $77.72 billion, with an ETF net asset ratio of 6.04%. The historical cumulative net inflow has reached $51.22 billion.
Visa announced the Visa Stablecoin Platform on July 16, a new enterprise offering designed to help financial institutions, fintechs, and payment providers come on-chain without building their own infrastructure.
The platform provides access to OpenUSD, a stablecoin introduced last week by Open Standard with over 140 institutions participating.
The VSP solves a specific operational problem that has slowed institutional stablecoin adoption. A bank or fintech that wants to issue stablecoins, move them on-chain, or integrate them into settlement workflows faces a choice: build the entire stack from scratch or use a crypto exchange or third-party provider.
The first option is expensive and slow. The second option requires trusting a third party. The platform provides pre-built wallet infrastructure through a new Wallet-as-a-Service offering, direct minting and burning of OpenUSD, and seamless connectivity into Visa's settlement and treasury systems.
Also Read: Bitcoin Price Rises to $64K as US Inflation Sees Biggest Slowdown in Six Years
As per CoinMarketCap, Polygon (POL) holders grew from 138,000 to 245,000 in just one month, representing more than 107,000 new wallets, which is equivalent to a 78% increase.
This was a clear bullish signal, as it indicated that the community was expanding even though it did not reflect in POL’s price action.
This surge was driven by an increase in payments on the network. Monthly Crypto Card Volume has surged more than 122%, hitting a record high. Over $30.5 million has been processed so far, compared to $13.69 million in June.
BitPay has secured authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework through its Dutch subsidiary, BitPay B.V., from the Dutch Authority for the Financial Markets (AFM).
This approval enables the crypto payments company to offer regulated digital asset services, including payment acceptance and stablecoin transactions, across all EU member states via MiCA’s passporting rules.
BitPay's Chief Compliance Officer for Europe, Thom de Jong, stated this strengthens their ability to serve EU businesses and consumers, reinforcing their compliance-focused approach.
The company plans further investment in regional infrastructure and strategic partnerships to expand its regulated cryptocurrency payment services.
Kalshi’s crypto event contracts saw the largest single-day volume record this week on July 15. Data from Artemis shows that on Wednesday, the prediction market platform hit $217.98 million in this category.
Volume across the crypto contracts on the platform has been on a steady climb ever since May. From around $5 million in daily volume on Jan 1 to the current record high, that represents a volume increase of roughly 44x in around seven months.
Kalshi controls roughly 84% of crypto-prediction volume, and Polymarket was the leader in the space not long ago.
Also Read: ETH Price Surges as Double Bottom Pattern Puts $2,163 Target in Focus
1. How much inflow did Bitcoin spot ETFs record?
According to SoSoValue, Bitcoin spot ETFs recorded $79.15 million in net inflows. BlackRock’s IBIT led with $33.44 million, followed by Fidelity’s FBTC at $30.73 million.
2. What is Visa’s Stablecoin Platform?
Visa’s Stablecoin Platform is an enterprise offering for banks, fintechs and payment providers. It supports wallet infrastructure, OpenUSD minting and burning, and integration with Visa settlement systems.
3. How many new holders did Polygon add?
Polygon added more than 107,000 holders in one month. Its holder count rose from 138,000 to 245,000, marking a 78% increase.
4. What MiCA approval did BitPay receive?
BitPay secured authorization under the EU’s MiCA framework through its Dutch subsidiary. This allows it to offer regulated crypto payment and stablecoin services across EU member states.
5. Why is Kalshi’s crypto contract volume important?
Kalshi’s crypto event contracts hit a record $217.98 million in daily volume. The surge shows rising demand for regulated prediction-market exposure to crypto-related events.
