Monday Top Crypto News
In one short thread…
Spot Bitcoin ETFs saw a net outflow of $643 million last week (July 28 to August 1), ending a seven-week streak of net inflows.
In contrast, spot Ethereum ETFs recorded a net inflow of $154 million, marking 12 consecutive weeks of net inflows.
Notably, among the nine ETFs, only ETHA registered positive inflows.
According to DeFiLlama data, Ethena's USDe supply has surged by 75% over the past month, reaching $9.3 billion and surpassing FDUSD to become the third-largest stablecoin by market cap, behind only USDT and USDC.
At the same time, Ethena has also risen to become the sixth-largest DeFi protocol by total value locked (TVL).
According to Le Monde, France political party Rassemblement National is drafting a bill to use surplus nuclear power to mine Bitcoin.
In 2016, party leader Marine Le Pen called for a ban on cryptocurrencies, labeling them tools of elites and Wall Street. By 2022, she advocated regulation—now in 2025, she supports directly producing crypto.
Ethereum liquid staking protocol Lido has announced a 15% workforce reduction to "ensure long-term sustainability," its cofounder Vasiliy Shapovalov said.
He added "This decision was about costs — not performance. This is a difficult decision, but one rooted in long-term resilience. While it may seem counterintuitive amid a market upswing, the move reflects a deliberate commitment to sustainable growth, operational focus, and alignment with the priorities of LDO tokenholders."
Coinbase CEO Brian Armstrong responded to the UK TV ban of the company’s ad, stating it highlights how the traditional financial system fails many and how crypto offers a better path.
He criticised outdated views in the UK that equate crypto with gambling and welcomed censorship efforts, saying they only amplify the message.
Former UK Chancellor George Osborne has criticized the Labour government's cautious stance on crypto, warning that Britain is falling behind the US, EU, and Asia.
He likened the current crypto shift to the 1980s “Big Bang” financial reforms, urging swift action to avoid missing a historic opportunity. Osborne now serves on Coinbase’s Global Advisory Council.
Crypto majors trade at the following levels
BTC 114,370 (up 0.8% in 24 hours)
ETH 3,540 (up 2.9%)
XRP 2.98 (up 5.1%)
SOL 162.03 (up 1%)
Have a great day!
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