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Bitcoin spot ETFs recorded USD 236.46 million in net outflows, led by BlackRock’s IBIT with USD 201.18 million in withdrawals.
Tether faces a lawsuit involving USD 42.4 million in frozen USDT.
Robinhood Chain’s RWA-linked trading volume reached a record USD 390 million.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 236 million in outflows, while Tether got sued over the freezing of USDT. Also, the CLARITY Act faces a deadline and RWA volume on Robinhood Chain reached USD 390 million.
According to SoSoValue, the Bitcoin spot ETFs saw a total net outflow of USD 236.46 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Bitwise's ETF BITB, with a daily net inflow of USD 8.38 million, and the total historical net inflow of BITB currently stands at USD 2.09 billion.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of USD 201.18 million, and the total historical net inflow of IBIT currently stands at USD 63.37 billion.
The total net asset value of Bitcoin Spot ETFs is USD 97.12 billion, with an ETF net asset ratio of 6.25%. The historical cumulative net inflow has reached USD 54.61 billion.
Tether, the issuer of the USDT stablecoin, is being sued in New York for over USD 42.4 million in USDT after two Thai businessmen accused the government of freezing their wallets without a warrant or court order.
The case now raises a bigger question: can Tether legally block, burn, or reissue privately held USDT based on an informal government request?
According to attorney Ariel Givner, brothers Nutthawat Rukthammachalern and Natthawat Kasamvilas filed a lawsuit against Tether in the US District Court for the Southern District of New York.
The brothers allege that Tether blacklisted 10 Ethereum addresses holding exactly 42,417,785.62 USDT on October 30, 2025.
Also Read: Ethereum ETF Inflows: What They Mean for Institutional Demand
Ethena has launched Ethena Pay, a self-custodial mobile finance app the company calls ‘the internet money neobank,’ combining dollar savings, card spending, international transfers and fiat onramps into a single product built entirely on Avalanche.
The app holds user balances in USDe, Ethena's synthetic dollar, and lets users move between fiat and digital dollars, send money domestically and abroad, and spend through Visa's network of more than 130 million merchants, according to a joint announcement from Ethena and Avalanche developer Ava Labs.
Deposits made by bank transfer or in crypto are converted into USDe, and withdrawals to external bank accounts settle in the recipient's local currency.
"Avalanche was focused on RWAs and tokenized assets before almost anyone else was talking about them," said Ethena founder Guy Young.
The United States Senate returns from its August recess on September 14 with exactly 14 working days to advance the Digital Asset Market CLARITY Act before midterm campaigning shuts down the legislative calendar.
The Clarity Act either survives its September 15 cloture vote, or it joins a long list of financial regulation proposals that arrived with bipartisan goodwill and left with nothing to show for it.
The September 15 cloture vote is procedural, not final. It requires 60 votes to advance the bill to full Senate floor debate, where amendments and a final passage vote would follow.
If the motion fails, the Clarity Act is effectively dead for 2026, and midterm politics will prevent any serious attempt at comprehensive crypto legislation until 2029 at the earliest.
Robinhood Chain's daily trading volume for RWA-linked tokens hit a record USD 390 million, driven by memecoin-stock pairs (USD 217 million) and tokenized stocks (USD 127 million).
The market capitalization of tokenized real-world assets on the chain rose above USD 84 million, with memecoin-stock pools pairing speculative tokens against tokenized versions of companies such as NVIDIA, Tesla and Roblox.
The network launched its public mainnet on July 1 as an Ethereum Layer 2 built on Arbitrum's Orbit stack, with Uniswap serving as the main public AMM.
By the end of July, Robinhood Chain had processed over USD 12 billion in DEX volume and 150 million+ transactions.
Also Read: Bitcoin Death Cross in 2026: Why Analysts See a Potential Bottom, Not a Crash
1. How much did Bitcoin spot ETFs lose in net outflows?
Bitcoin spot ETFs recorded USD 236.46 million in net outflows. BlackRock’s IBIT posted the largest withdrawal at USD 201.18 million, while Bitwise’s BITB added USD 8.38 million.
2. Why is Tether being sued over USDT?
Two Thai businessmen allege Tether blacklisted 10 Ethereum addresses holding about USD 42.4 million in USDT without a warrant or court order. The case challenges Tether’s ability to freeze privately held tokens following government requests.
3. What is Ethena Pay?
Ethena Pay is a self-custodial mobile finance app using USDe for savings, transfers and spending. It operates on Avalanche and supports Visa payments across more than 130 million merchants.
4. Why is the CLARITY Act’s September vote important?
The September 15 cloture vote requires 60 Senate votes to move the bill toward full debate. Failure to advance could significantly reduce the chances of comprehensive US crypto legislation passing in 2026.
5. How large is Robinhood Chain’s RWA market activity?
Daily RWA-linked trading volume reached a record USD 390 million, led by memecoin-stock pairs and tokenized equities. The chain had also processed more than USD 12 billion in DEX volume by the end of July.
