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US Tech Stocks See Largest 5-Week Inflow in History: Can Nasdaq Break Its Downtrend?
- Tech funds just posted their largest 5-week inflow in history, Barchart data shows.
- Deutsche Bank says the rotation is just getting started, favoring hyperscalers.
- Nasdaq trades near 25,790, testing the downtrend line from its June record high.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Ripple Backs 2 UK Firms to Grow XRPL: What Does XRP Actually Get?
- Ripple bought stakes in 2 UK firms, ZILO and Licuido, to grow XRPL.
- The deals let big funds issue, trade, and borrow against tokens on XRPL.
- XRPL fees have burned just 14.4 million XRP since 2012, worth $15 million.
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Arthur Hayes Buys 9.05 Million ENA Days Before Ethena’s $15 Million Unlock
- Arthur Hayes bought 9.05 million ENA worth $773,000 across two purchases.
- Ethena releases 171.88 million tokens worth $15.36 million on August 5.
- Lookonchain data shows Hayes previously selling ENA low and rebuying higher.
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Ethereum ETFs Post Best Month Since October 2025 but Fed Hold Chills Demand
- Ethereum spot ETFs drew $365.17 million in July, the strongest month since October 2025.
- Weekly inflows collapsed 74% to $27.42 million after the Fed held rates.
- Bitcoin ETFs turned negative while XRP funds crossed $1.5 billion in cumulative inflows.
Bitget Withdraws From Japan Amid Tightening Crypto Rules and Yen Turmoil
- Bitget will stop accepting new registrations from Japanese users and close remaining positions by December 31, 2026.
- Japan requires registration with the Financial Services Agency under the Payment Services Act.
- The exit coincides with the yen sliding toward a 40-year low and a rare joint intervention by Tokyo and Washington.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
BP Sells North Sea Oil Business as UK PM Eyes New Drilling
- BP puts its 60-year-old North Sea oil business up for sale.
- PM Andy Burnham calls North Sea oil a resource UK can't ignore.
- The sale could fetch BP up to £2 billion from a buyer.
