Cryptoccino — Monday 10 August 2026

Bitcoin spot ETFs absorb $853 million in a single session. BlackRock’s IBIT claimed the majority of the inflow, continuing its run as the dominant vehicle in the US ETF wrapper. The number lands against a backdrop of the Fear & Greed Index sitting at 30, meaning institutional buyers are adding while sentiment remains firmly in fear territory. coindesk

XRP decouples to the downside despite ETF inflows. While the broader market bounces and XRP-denominated ETF products continue attracting capital, the token itself is lagging the recovery in price terms. The divergence suggests product demand and spot price action are running on different rails right now. coindesk

TUT token triggers $44 million in liquidations, topping BTC and ETH. The leveraged unwind in TUT outpaced liquidations across the two largest assets by market cap, underlining how concentrated leverage in low-cap tokens can produce outsized cascade events. Exchanges carrying open TUT positions should be reviewing their margin parameters. cryptobriefing

US equity open interest on crypto exchanges crosses $2 billion, overtaking precious metals. For the first time, tokenised or synthetic US stock exposure held on crypto venues exceeds the combined open interest in gold and silver derivatives on the same platforms. The shift reflects how quickly TradFi asset classes are migrating into crypto-native infrastructure as the product layer matures. cryptobriefing

Grayscale withdraws ETF registration filings for ADA, HBAR, and DOT. The asset manager quietly pulled three altcoin ETF applications without explanation, a notable retreat given how aggressively firms have been stacking filings this cycle. Whether this reflects regulatory feedback, low expected demand, or a portfolio rationalisation is not yet clear. cryptobriefing

Hyperliquid’s RWA perps growth is compressing the revenue that underpins HYPE. As real-world asset perpetual volume grows on the platform, the fee economics shift in ways that reduce the buyback and burn revenue supporting HYPE’s valuation model. Token holders are effectively subsidising a product line that benefits the protocol’s growth metrics more than their own returns. coindesk

Over 100 crypto projects have shut down so far in 2026. CoinDesk frames the collapse rate as a dot-com style shakeout, with underfunded and narrative-dependent projects unable to survive a sustained period of tighter liquidity and higher user-acquisition costs. For builders, the data reinforces that revenue-generating products are now a survival requirement, not a roadmap item. coindesk

Strategy backs STRC preferred shares at $95, with $18 billion in capacity potentially returning. The company’s $4 billion reserve position is being cited as collateral confidence for the structured product, and management is signalling the $18 billion upper limit could reopen. It is a leverage-on-leverage construction, and the quality of that reserve matters more than the headline figure. cryptobriefing

World Liberty’s $100M investor is under active UK money-laundering investigation. See the Lead. Full context is in today’s lead story. The political exposure for Trump-linked crypto ventures, and for the legislation friendliest to them, is material. theblock

Former Defense Secretary Esper frames the CLARITY Act as a national security instrument. Mark Esper argues that crypto market structure legislation is better understood as infrastructure for US financial dominance than as a fintech housekeeping bill. The framing is a deliberate attempt to broaden the bill’s coalition beyond financial services committees. cointelegraph_regulation

Brazil mandates a 24-hour hold on crypto transfers to self-custody wallets. The rule, effective 1 January 2027, covers all cryptocurrencies including fiat-backed stablecoins and is framed as a fraud-prevention measure. It will meaningfully slow legitimate self-custody flows and is worth monitoring as a template other LatAm regulators may reach for. theblock

Beijing formally rules out a yuan-denominated stablecoin. Chinese authorities have clarified that private or state-adjacent yuan stablecoins will not be permitted, reinforcing e-CNY as the only sanctioned digital renminbi pathway. The decision shuts a door that some offshore operators had been quietly hoping would crack open. cryptobriefing

What else is grinding?

• The BIP-110 Bitcoin fork mined two blocks then stalled, with only 2.53% of hashrate support and an estimated 350-day wait for a difficulty adjustment. coindesk decrypt
• A US congressman has introduced a bill proposing a strategic Bitcoin reserve paired with a capital-gains tax exemption on BTC holdings. cryptobriefing
• North Korean hacking groups are deploying AI-assisted cyberattack tooling and the first real-world outputs have already been observed in the wild. cryptobriefing
• The CLARITY Act’s Senate delay may give the industry more room to shape final text, though lobbyists remain doubtful the session has enough runway for prediction-market provisions. coindesk cryptobriefing
• Hedge funds have resumed net short positioning after covering through what Goldman described as the largest short squeeze since 2020. cryptobriefing

Last sip. World Liberty still hasn’t explained how Bobby Zhou passed their compliance process, and nobody has asked publicly yet.