Cryptocurrency Lending Platform BlockFills Files for Bankruptcy Protection

According to Farside data, U.S. spot Bitcoin ETFs posted a combined net inflow of $337.6 million yesterday. Of this, BlackRock’s IBIT saw a net inflow of $208.9 million, Fidelity’s FBTC $104.6 million, Bitwise’s BITB $3 million, Grayscale’s BTC $16.4 million, HODL $3.3 million, and MSBT $1.4 million. U.S. spot Ethereum ETFs recorded a total net inflow of $115.6 million, with breakdowns as follows: BlackRock’s ETHA brought in $90.9 million, Fidelity’s FETH $6.8 million, ETHW $0.9 million, ETHV $4.5 million, and ETH $12.5 million.

According to Lookonchain’s monitoring, a trader turned $90,000 into $966,000 on Aster, generating over 10x returns. The trader deposited $90,000 and opened a long position of 49 BTC (valued at $3.95 million) with 50x leverage, resulting in an unrealized profit of $810,000 (+1025%).

According to Reuters, India plans to issue its first tokenized bond in September, offered by state-owned power finance firm REC, with an expected size of less than 5 billion rupees (around $57 million). India’s market regulator and central bank are jointly advancing the related pilot, with blockchain technology to be used for the bond’s issuance and settlement. Sources said the product is set to launch during Mumbai’s annual fintech conference in September, initially open only to a small group of investors. Investors will participate via wholesale central bank digital currency (CBDC) wallets and electronic securities wallets. India’s depository institutions are developing an e-wallet named DEMT 2.0, which will use distributed ledgers to track bond holdings. The bond has an initial three-month term; subsequent trading will be restricted to participants holding both CBDC-compatible and securities wallets. A secondary market for the tokenized bond is projected to form by December, and it will not be traded on traditional electronic trading platforms.

According to market data, FOLD is currently trading at approximately $0.0811, with a market capitalization of around $97.34 million, down 26.21% over the past 24 hours.

This trader turned $90K into $966K on @Aster_DEX — over a 10x return! He deposited $90K into Aster and opened a 50x long on 49 $BTC ($3.95M), now sitting on an unrealized profit of $810K(+1,025%).

Arthur Hayes published a post noting that his Maelstrom Fund is currently at "maximum risk exposure", with core bets on Bitcoin, Ether, Ethena, and Ether.fi. Hayes argues that whether U.S. Treasury Secretary Bessent increases U.S. dollar liquidity rapidly or gradually, Bitcoin will keep rising, though market volatility will also spike. As such, he advises against using leverage unless one is a full-time trader. Hayes also pointed out that Bessent’s recent move to expand long-term U.S. Treasury repurchase operations could further boost U.S. dollar liquidity, lifting Bitcoin and other risk assets. He projects that if U.S. Treasury yields approach 5% again, the U.S. Treasury may further expand repurchase volumes or take other steps to increase U.S. dollar liquidity.