Cryptoccino — Sunday 05 July 2026

Bitcoin clears $63K but the ETF streak tells a different story. Bitcoin reversed its end-of-June slide and pushed back above $63,000 this week, but spot Bitcoin ETFs just logged their eighth consecutive week of net outflows, the longest such streak on record. A large Thursday inflow was not enough to flip the weekly figure positive. Exchange deposit data is also rising, which analysts read as a potential signal of increased near-term selling pressure. coindesk theblock decrypt

XRP up 8% as on-chain data flips constructive. XRP climbed roughly 8% after an on-chain gauge showed that a record proportion of holders are sitting at a loss, historically a condition that has improved the risk-reward ratio for new buyers. The move outpaced Bitcoin on the day. Whether it sustains depends on broader risk appetite rather than XRP-specific catalysts. coindesk

Bitcoin and equities are decoupling, but analysts do not expect it to last. US stocks are at record highs while Bitcoin has lagged significantly, a divergence that commentators say is historically short-lived. The argument is that capital eventually rotates from risk-on equity gains into crypto, though the timeline and catalyst remain unclear. A fresh $1 trillion in external capital is being cited as the threshold required for Bitcoin’s next major leg up. coindesk coindesk

Hyperliquid pulls $116 million in net inflows in a single day. The decentralised perpetuals platform saw $116 million in net inflows over 24 hours, continuing the momentum that sent its dedicated ETF to $4.3 million in weekly inflows, down sharply from a $111 million record the prior week but still active. The platform’s sustained draw contrasts with the broader market lethargy. cryptobriefing theblock

Strategy quietly kills its ‘never sell’ Bitcoin stance. MicroStrategy parent Strategy has unveiled a Digital Credit Capital Framework that replaces its long-standing policy of never selling Bitcoin. The new model is framed around dynamic capital allocation designed to optimise Bitcoin-per-share and manage liquidity. The pivot is significant: the ‘never sell’ commitment was a core part of the narrative that institutional holders leaned on. cryptobriefing

Aave’s Monad deployment hits $100 million in two days. Aave launched a new lending market on Monad and accumulated over $100 million in deposits within 48 hours. Separately, Aave V4 crossed $250 million in total deposits, a new all-time high for that version of the protocol. Both figures suggest appetite for new deployment surfaces remains strong even in a soft market. theblock

Aptos patches a critical Move VM vulnerability that was cheap to trigger. Aptos disclosed and fixed a critical flaw in its Move VM that required only a few hundred dollars to exploit, an unusually low attack cost for a vulnerability of this severity. The patch has been deployed and no funds were confirmed lost. The incident adds to a growing list of VM-layer bugs surfacing across newer L1s. cryptobriefing

Trump memecoin holders are collectively down $3.8 billion. On-chain data shows nearly one million wallets are underwater on TRUMP, the presidential memecoin, with aggregate losses at $3.81 billion. Trump’s own financial disclosure separately revealed $636 million in payouts tied to the token and over $1.4 billion in total crypto-related income for 2025. The asymmetry between issuer gains and holder losses is likely to feature prominently in ongoing Congressional scrutiny. theblock coindesk

Full write-up on the $70B vulnerability is the lead today. See the lead story above for details on the ethical hack that exposed a critical flaw across infrastructure holding an estimated $70 billion in assets. coindesk

Revolut will delist USDT for some users from September. Revolut notified a portion of its customer base that USDT will be removed from the platform after 31 August, with residual balances converted automatically to the user’s base currency. The move is attributed to regulatory and risk concerns, consistent with a broader pattern of European fintechs reducing stablecoin exposure ahead of MiCA enforcement. Tether has not yet responded publicly. cointelegraph_regulation

US law enforcement lobby drops its block on the CLARITY Act. The Major County Sheriffs of America withdrew its formal opposition to the CLARITY Act, which seeks to establish a clearer regulatory framework for digital assets. The group still wants amendments that direct more resources toward local investigations of illicit finance. Removal of this opposition clears one obstacle on the bill’s path, though the legislative calendar remains congested. cointelegraph_regulation

EU moves to bar retail from prediction markets. European regulators are advancing measures that would block retail investors from accessing the fast-growing prediction market sector, which has crossed billions in volume. The restrictions would apply to event-based contracts, limiting participation to professional counterparties. The move arrives just as World Cup-related prediction volume is spiking, underlining the timing tension between regulatory caution and market momentum. coindesk

UK crypto rules promise global trading access but compliance timelines are tight. The UK’s new crypto regulatory framework, positioned as a route to broader cross-border trading, is facing industry concern about the scale and pace of compliance requirements. Firms are warning that the rollout could disadvantage smaller operators who cannot absorb the costs quickly. The FCA has not indicated it will extend transition periods. coindesk

What else is grinding?

• Bitcoin developers remain split over whether to freeze the approximately 1.1 million BTC attributed to Satoshi as a hedge against future quantum computing attacks. coindesk
• A New York Life Investment Management executive is making the case that tokenisation’s next meaningful application is personalised, on-chain portfolio construction rather than simple asset representation. coindesk
• Iran announced it will charge transit fees for ships passing through the Strait of Hormuz, with Bitcoin listed as an accepted payment method alongside discounts for aligned nations. cryptobriefing
• Crypto prediction market volumes crossed $2 billion during the FIFA World Cup round of 16, with France versus Morocco shaping up as the quarter-final draw most traders are pricing. cryptobriefing

Last sip. Eight weeks of ETF outflows and $63K in the same sentence, something in that pairing has not resolved yet.