Weekly Recap | Bitcoin ETFs See Continued Inflows, U.S. Senate Advances CLARITY Act
2026.07.27
Last Week in Review (July 20 – July 26)
Last week, the crypto market showed signs of transitioning from pressure to liquidity recovery, with Bitcoin reclaiming the $65,000 level and Ethereum demonstrating strong rebound momentum. The market experienced a broad rally toward the end of the weekend, with overall risk appetite improving significantly.
With a “super central bank week” ahead and a series of major macroeconomic data releases approaching, markets may face pressure from both technical conditions and macro factors amid limited fresh capital inflows. The release of the U.S. Q2 GDP estimate, core PCE inflation data, and the Bank of Japan’s rate decision could further amplify market volatility.
In this edition, we'll recap the key crypto developments from the past week and highlight the major events to watch in the week ahead.
Market Pulse
- Bitcoin ETF inflows continued, signaling improving market sentiment.
- Ethereum ETFs recorded over $70 million in daily net inflows, highlighting continued institutional interest in the ETH ecosystem.
- Grayscale suggested Bitcoin may be approaching a market cycle bottom, with macro factors becoming a key market driver.
- Samsung Wallet plans to support stablecoin functionality, advancing digital asset payment adoption.
- BitMart announced a gradual shutdown of trading services, causing a sharp decline in BMX.
- BitMEX announced plans to cease trading services in September, drawing industry attention.
- Hyperliquid continued HYPE buybacks and burns, expanding its cumulative token reduction.
Funding & M&A
Last week saw 7 funding rounds totaling over $200 million, mainly focused on infrastructure and DeFi:
- Digital Asset, the developer of Canton Network, raised an additional $10 million at a $2 billion valuation.
- Financial infrastructure platform Cordant completed an $8 million seed funding round.
- Stablecoin settlement bank Augustus raised $180 million at a $1 billion valuation.
- Mirae Asset completed its acquisition of South Korean crypto exchange Korbit.
- UK robotics company Humanoid raised $152 million in Series A funding.
Policy & Compliance
- The U.S. Senate advanced the CLARITY Act to strengthen the digital asset regulatory framework.
- The U.S. CFTC released prediction market guidance to improve transparency requirements for event contracts.
- South Korea restricted downloads of unregistered overseas crypto exchange apps as part of stronger market oversight.
- Kazakhstan introduced new digital mining regulations requiring miners to contribute part of their output.
- SEC Commissioner stated that on-chain yield products may still fall under securities regulations.
Echobit Highlights
- Echobit July Futures Trading Competition continued to drive global trading engagement.
- Echobit TradFi Asset Launch Celebration officially launched, marking the expansion of its TradFi ecosystem with exclusive activities.
- Echobit TradFi Trading Month continued, offering dedicated TradFi futures trading experiences.
- Echobit New User Welcome Campaign officially launched with exclusive rewards for new users.
- Echobit Crypto Quiz Challenge went live, enhancing community interaction through engaging quizzes.
- Echobit Emoji Football Star Challenge continued, bringing more World Cup-themed interactions.
- Echobit Chart Prediction Challenge officially launched, introducing a new market prediction experience.
- Echobit Word Search Puzzle Challenge launched as a community engagement activity.
- Echobit Poses Challenge officially started, strengthening community connections through creative participation.
- Echobit Spot The BTC Challenge launched with an interactive Bitcoin-focused experience.
- Echobit Roll The Dice continued to provide lightweight community entertainment.
- Echobit BTC Price Prediction Contest officially launched, inviting users to forecast market trends.
- Echobit Mascot Creative Challenge encouraged users to participate in brand co-creation.
Next Week Preview (July 27 – August 2)
- ChangXin Memory Technologies will list on the STAR Market of the Shanghai Stock Exchange on July 27.
- CME will launch single-stock futures on July 27.
- SK Hynix ADRs and Korean shares will enable two-way conversion on July 29.
- The Federal Reserve will announce its latest FOMC rate decision.
- FTX will begin its fifth distribution round from July 31, releasing approximately $900 million.
- Strategy will release its Q2 2026 financial results.
- Apple, Amazon, Microsoft, and Qualcomm will announce earnings reports.
- Polygon’s Ithaca hard fork will go live on mainnet on July 29.
- Sony Bank will issue tokenized music copyright securities and open subscriptions on July 29.
Echobit will continue tracking global crypto developments, focusing on market trends, regulatory updates, and investment opportunities to help you stay ahead through every market cycle.