BlackRock’s IBIT led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows.
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Min Jung, associate researcher at Presto Research, said investors could be positioning for a potential 'catch-up trade' in bitcoin.
In June, Sophon’s developers said the costs of maintaining a standalone blockchain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.
The restrictions extend earlier bans within US defense and security agencies, amid concerns that DeepSeek could expose federal information to China.
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“A return to last year’s indiscriminate capital raising looks unlikely,” said Bitfinex head of derivatives Jag Kooner.
The gaming-media company plans to become Superplanet, a Nasdaq-listed US Bitcoin treasury platform, with closing expected in Q4 2026.
