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Placed in: Finance · Blockchain Analytics
Picknexo · Review
Published August 10, 2026
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Updated: August 10, 2026 | PickNexo
The main story today is ETF demand. U.S. spot Bitcoin and Ether ETFs attracted roughly US$1.1 billion in combined net inflows over the past week, helping restore confidence after a choppy start to August. Bitcoin ETFs alone brought in more than US$850 million for the week ended August 7, led by BlackRock's IBIT.
Still, the market is not in a full breakout yet. Traders are waiting for U.S. CPI data, watching whether Bitcoin can push toward the US$68,500 breakeven wall, and tracking security concerns after the BTCPay Lightning exploit and recent Coldcard custody issues.
Bitcoin is holding near US$65,000 today after recovering from weaker levels earlier this month. Economic Times reported that BTC was trading around US$65,242 as improving ETF flows helped lift sentiment.
But the recovery still needs confirmation. Bitcoin has not yet cleared the next major resistance area, and altcoin breadth remains uneven. Ethereum is stable, but it has not led the market higher with strong conviction.
For now, Bitcoin is supported by ETF demand and better macro sentiment, but the next move likely depends on inflation data.
ETF flows are the strongest near-term signal. CoinDesk reported that U.S. spot Bitcoin ETFs attracted US$853.54 million in net inflows for the week ended August 7, the strongest week since mid-April. Economic Times reported that Bitcoin and Ether ETFs together pulled in about US$1.1 billion over the past week.
The market still needs consistency. Earlier outflows left Bitcoin ETFs negative year to date, so one strong week does not erase all pressure. But it does show that institutional buyers are willing to step back in when price and macro conditions improve.
For Bitcoin to sustain a rally, ETF demand needs to remain positive through the CPI release and into the rest of August.
The next major event is U.S. CPI data. After weaker jobs data cooled expectations for another Federal Reserve rate hike, investors are now waiting to see whether inflation confirms that easier interpretation.
This matters because Bitcoin has recently traded like a liquidity-sensitive asset. ETF inflows help, but macro conditions still set the broader risk environment.
The most important short-term levels remain clear: Bitcoin needs to hold US$60,000 to US$62,000 on weakness and push toward US$68,500 on strength.
Security remains a major industry theme. CoinDesk reported that attackers exploited a BTCPay Server vulnerability affecting Lightning Network nodes running LND, exposing macaroon credential files and allowing funds to be moved.
The key point is that Bitcoin's base layer can remain secure while surrounding infrastructure still creates operational risk. Wallets, Lightning nodes, payment servers and remote access controls all need careful management.
For merchants, the lesson is practical: update quickly, review node permissions, monitor channels and avoid exposing sensitive infrastructure without strong access controls.
U.S. crypto regulation is not dead, but it is delayed. Cointelegraph reported that Senate Majority Leader John Thune filed cloture on a motion to take up the CLARITY Act, setting up a September procedural vote after lawmakers return from recess.
The September vote is not final passage. It only determines whether the Senate can move closer to considering the bill. Still, it matters because the market had started to price in deeper regulatory gridlock.
The hard issues remain ethics provisions, stablecoin rewards, DeFi treatment, anti-money-laundering rules and political concerns around crypto-linked businesses.
Hyperliquid remains one of the most important onchain trading stories. CoinDesk reported that real-world asset perpetuals on Hyperliquid have become a major growth driver, with contracts tied to assets such as crude oil, gold, Nvidia, Tesla, Nasdaq-100 exposure and private-market names.
This matters for HYPE holders. Trading volume can look strong, but retained revenue is what supports token buybacks, protocol value and long-term sustainability.
The broader lesson is important for crypto: growth metrics need to be tied to real economics, not only headline volume.
The industry continues to consolidate. CoinDesk reported that more than 100 crypto projects have shut down, filed for bankruptcy or gone permanently dark in 2026, comparing the process to a dot-com style shakeout.
This is painful for users and teams, but it may strengthen the market over time. Projects with real cash flow, sticky users, strong security and clear utility are more likely to survive.
For investors, the message is simple: in this market, revenue quality and operational discipline matter more than narratives.
Tokenization is still one of the strongest long-term narratives. CoinDesk reported that new XRP Ledger proposals target institutional tokenized assets by adding tools for encrypted balances and transfer amounts while preserving selective audit access.
The next phase of tokenization will likely depend on this balance: enough privacy for institutions, enough transparency for compliance and enough interoperability for liquidity.
If the market solves that design problem, tokenized securities could become a much larger part of onchain finance.
The first signal is CPI. Softer inflation could support Bitcoin, while a hot print could pressure risk assets.
The second signal is ETF flow. The US$1.1 billion weekly inflow is strong, but the market needs consistency.
The third signal is Bitcoin's US$68,500 resistance area. A clean move above that level would strengthen the recovery case.
The fourth signal is security. BTCPay and Coldcard both show that infrastructure risk remains important.
The fifth signal is CLARITY Act timing. A September procedural vote could revive U.S. policy momentum.
The sixth signal is Hyperliquid economics. RWA perps are growing, but retained protocol revenue matters.
The seventh signal is tokenization infrastructure. Privacy and compliance tools may decide whether institutions adopt tokenized assets at scale.
Crypto markets are starting the week on firmer ground. Bitcoin is near US$65,000, ETF demand has returned, and investors are watching CPI as the next major macro catalyst.
The short-term picture is cautiously positive. Bitcoin is above key support, ETF inflows are strong and rate-hike fears have eased. But the market still needs confirmation through inflation data and sustained institutional demand.
The long-term picture remains selective. Security incidents are exposing weak infrastructure, crypto projects without real revenue are shutting down, and tokenized assets are moving toward institutional-grade privacy and compliance.
For investors, this is a market where quality matters. For the industry, the message is clear: crypto adoption continues, but the next phase will be shaped by ETF flows, macro liquidity, security, regulatory clarity and real economic value.
This article is for informational purposes only and should not be considered financial advice.
Sources: Economic Times, CoinDesk: Bitcoin ETF Inflows, Cointelegraph: Crypto Today, CoinDesk: BTCPay Exploit, CoinDesk: Hyperliquid RWA Perps, CoinDesk: Crypto Shakeout, CoinDesk.