#0xZone Insights｜August 10 On-Chain Market Highlights
1、Institutional capital: Spot BTC and ETH ETFs saw a combined net inflow of about $1.1 billion last week, the strongest weekly inflow since April. BlackRock’s products were the main source of inflows. BTC remains range-bound around $65,000 as the market awaits CPI data, a key catalyst for the next leg of the move.
2、Regulatory developments: The U.S. Clarity Act has been affected by the Senate adjourning for recess, pushing the voting window back again. Meanwhile, South Korea has proposed delaying taxation on virtual assets until 2030. The global compliance timeline remains full of uncertainties.
3、Security incidents: Losses from the Coldcard hardware wallet vulnerability incident continue to grow. BTCPay Server also disclosed a critical high-severity vulnerability. This again underscores that self-custody does not equal absolute safety—wallet security cannot be overlooked.
4、Derivatives to watch: Hyperliquid’s open interest has hit a new intrayear high. Trading activity in the contracts is rising, but protocol revenue continues to decline. Competition in perpetuals is intensifying, and leverage-related risks are increasing.
1、Institutional capital: Spot BTC and ETH ETFs saw a combined net inflow of about $1.1 billion last week, the strongest weekly inflow since April. BlackRock’s products were the main source of inflows. BTC remains range-bound around $65,000 as the market awaits CPI data, a key catalyst for the next leg of the move.
2、Regulatory developments: The U.S. Clarity Act has been affected by the Senate adjourning for recess, pushing the voting window back again. Meanwhile, South Korea has proposed delaying taxation on virtual assets until 2030. The global compliance timeline remains full of uncertainties.
3、Security incidents: Losses from the Coldcard hardware wallet vulnerability incident continue to grow. BTCPay Server also disclosed a critical high-severity vulnerability. This again underscores that self-custody does not equal absolute safety—wallet security cannot be overlooked.
4、Derivatives to watch: Hyperliquid’s open interest has hit a new intrayear high. Trading activity in the contracts is rising, but protocol revenue continues to decline. Competition in perpetuals is intensifying, and leverage-related risks are increasing.