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Bitcoin ETF Inflows Hit $853M, Zombie Exploits & Stablecoin Dollarization | Aug 7
Audio is available on Spreaker — see link below.
Bitcoin ETFs posted their strongest week since April with $853M in inflows — but 81% went to a single product, and one strong week isn't a trend. Today's briefing also covers 100+ project shutdowns, a $1.1B exploit surge, zombie protocol risks, and how local stablecoins are deepening dollar dependency.
Audio is available on Spreaker — see link below.
Bitcoin ETF inflows just posted their strongest week since mid-April, pulling in eight hundred fifty-three million dollars in the week ended August seventh. That's a sharp reversal.
While institutional money tests the water, the ecosystem underneath is mid-shakeout. Over one hundred projects have shut down in twenty twenty-six, spanning exchanges, DeFi protocols, NFT platforms, and layer-two networks.
The shutdown problem doesn't end when a project goes dark. It sometimes gets worse.
The shakeout is also producing a clearer picture of what works. Hyperliquid crossed one billion dollars in cumulative fees within two years.
One development that hasn't drawn enough attention: local stablecoins aren't reducing dollar dependency in emerging markets. They're accelerating it.
Strategy, formerly MicroStrategy, raised four billion dollars in USD reserves, selling bitcoin and three million shares of MSTR to get there. The framing matters.
The signal to watch is whether ETF inflows sustain above five hundred million next week. One strong week is a data point.
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