Spot Bitcoin ETFs lost $812M in a day, led by Fidelity's $331M outflow. Ethereum ETFs break 20-day inflow streak. #Bitcoin #Ethereum #CryptoNews The post Spot Bitcoin ETF Outflows Hit $812M in a Day appeared first on CoinoMedia.

XRP is showing strong momentum as altcoin season heats up, with MAGA Coin Finance (WSpe) and Haedal (HED) also gaining breakout traction. Analysts note XRP's price action suggests potential for further upside, while MAGA Coin Finance's recent listing on a major exchange has fueled its rally. Meanwhile, Haedal's innovative staking rewards mechanism is attracting investor interest. Market observers highlight increasing trading volumes across these altcoins as Bitcoin dominance wavers, signaling a possible rotation into smaller-cap assets. The altcoin market cap has grown 15% this month, with particular strength in decentralized finance and infrastructure projects.

ARK Invest, led by Cathie Wood, has sold $5.2 million worth of Coinbase (COIN) shares while purchasing $1.7 million in Bitfarms (BITF) stock, according to recent filings. The firm offloaded 36,804 COIN shares via its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), reducing its Coinbase holdings to 4.87 million shares. Simultaneously, ARK added 1.5 million BITF shares to its ARKW fund. This rebalancing follows Bitcoin's recent price surge above $50,000, with analysts noting ARK's history of adjusting crypto-related positions during market rallies. Bitfarms shares rose 5% post-purchase, while Coinbase stock dipped slightly.

StonFi, a decentralized exchange on the TON blockchain, has raised $9.5 million in a Series A funding round led by CoinFund, with participation from Pantera Capital and others. The funds will be used to expand its DeFi ecosystem and enhance cross-chain interoperability. Following the announcement, Toncoin (TON) surged 4.46%, breaking the $4.00 resistance level. StonFi aims to leverage TON's scalability to drive broader adoption of decentralized finance solutions.

Binance Alpha will officially list DarkStar (DARK) on August 4th. Eligible users can redeem their Binance Alpha Points on the Alpha event page after trading becomes available. Detailed details will be announced later.

Brazilian bank BBRaL launched its BRZ stablecoin on the XRP Ledger, minting 4.2 million tokens in the first 24 hours, though technical issues caused delays in processing transactions. The bank aims to leverage the XRP Ledger's efficiency for cross-border payments, with BRZ pegged 1:1 to the Brazilian real. Despite initial challenges, the integration marks a significant step in expanding real-world asset tokenization in Latin America.

RPL, the native token of Rocket Pool, has stabilized around $25 after a sharp 20% drop earlier this week. The decline was attributed to broader market volatility and profit-taking following RPL's recent rally. Analysts note that despite the pullback, Rocket Pool's fundamentals remain strong, with its Ethereum staking protocol continuing to attract users. The platform currently holds over 1 million ETH in staked assets, maintaining its position as a leading liquid staking provider. Market observers suggest the $25 level could act as a support zone, with potential upside if crypto markets regain momentum.

In a surprise altcoin, a community member has come forward with an unexpected proposal for the cryptocurrency community.

SXT plummeted 15.4% in the past 24 hours, marking a sharp correction in its price. The sudden drop has sparked discussions among traders and analysts about potential market volatility and underlying factors driving the decline. While some attribute it to profit-taking after recent gains, others point to broader market trends affecting altcoins. The token's trading volume surged during the sell-off, indicating heightened activity. Investors are closely monitoring the situation for signs of stabilization or further downward movement.

Magic (MAGIC) surged 657.36% in 24 hours amid growing institutional adoption, reaching a market cap of $1.5 billion. Analysts attribute the rally to increased interest from hedge funds and venture capital firms, with trading volumes spiking 800% on major exchanges. The token's utility in decentralized gaming and NFT platforms has driven demand, as institutional players seek exposure to Web3 ecosystems. Market observers note this mirrors early Bitcoin adoption patterns, signaling broader crypto market maturation. However, volatility remains high, with the token correcting 15% after peaking, typical of emerging asset classes attracting institutional capital.