#夏日创作营 July 25, 2026 Core News Flash

1 Bitcoin ETF inflows end their seven-day streak! $225 million outflow in a single day!
On July 23, US spot Bitcoin ETFs recorded a net outflow of $225.2 million, ending the momentum of nearly $1 billion in inflows over the previous seven consecutive trading days. According to SoSoValue data, BlackRock’s IBIT accounted for $202.5 million of the outflow, representing 90% of that day’s total outflow. Fidelity FBTC, Bitwise BITB, ARK ARKB, and others also saw outflows, while only Morgan Stanley MSBT recorded an inflow of $5 million against the trend. Total net asset value of the ETFs fell to $78.82 billion. In the same period, Ethereum ETFs saw net inflows for the fifth consecutive day, totaling $26.32 million; Fidelity FETH led with $14.93 million in inflows, highlighting a structural rotation of institutional funds between the two assets. The Crypto Fear & Greed Index dropped 3 points to 28, hitting a new intra-month low.
Market impact assessment: Negative (institutional profit-taking + rising geopolitical risk; near-term liquidity pressure)
Affected assets: BTC, ETH, spot BTC ETF concept
2 Iran situation escalates + oil prices break $100! July rate-hike odds surge to 40%.
US-Iran military conflict entered its fifth month. Trump accused Tehran of supporting the Houthis’ attacks on Saudi vessels, and geopolitical tensions continued to intensify. Brent crude again broke above $100 per barrel, the first time since early June. The S&P 500 fell 1.2% and the Nasdaq dropped 2.2%. The “Magnificent Seven” saw a combined single-day market cap evaporation of $797B. According to analyst Rain’s monitoring, the probability of a Federal Reserve rate hike in July jumped from about 12% a week earlier to nearly 40%, and US Treasury yields touched a 18-month high. The 30-year Treasury yield is nearing the key level of 5.25%; sustained breakthroughs will weigh on risk-asset valuations. BTC briefly fell below $65,000 to $64,600, sitting below the “death cross.”
Market impact assessment: Negative (triple pressure from geopolitical risk + high rates + oil prices; risk assets under broad strain)
Affected assets: BTC, ETH, SOL, risk assets across the market
3 Clarity Act faces a crisis deadline by August! Fierce standoff over bipartisan ethics provisions.
Senate Majority Leader Thune acknowledged that the Digital Assets Market Clarity Act (CLARITY Act) will most likely not pass before the August 7 recess. The Republican 616-page revised version added a federal ban on crypto assets for government officials (including the president), but a “sunset clause” sets it to expire on January 20, 2029, after Trump leaves office—prompting a sharp criticism from Democratic Sen. Gallego as “not a serious effort.” Polymarket’s probability is only 38–39%. On the positive side, the National Law Enforcement Officers Memorial Fund dropped its opposition stance. Charles Schwab (managing $1.3 trillion in assets) publicly endorsed the bill as a “critical catalyst.” If the bill is delayed until September, the midterm election will significantly narrow the legislative window.
Market impact assessment: Neutral-to-negative (near-term regulatory uncertainty continues; a long-term compliance framework still looks possible)
Affected assets: BTC, ETH, across the market
4 EU sanctions 14 crypto platforms including HTX! Trading ban takes effect in August
The EU’s 21st round of sanctions on Russia will place 14 crypto service providers on the trading-ban list, including HTX.
Under EU Council Regulation (EU)2026/1848, three services associated with the A7 cross-border payment network will be prohibited from trading starting August 13, while the other 11 (including HTX) take effect starting August 23. The sanctioned platforms are located in six countries including Georgia, Panama, and the UAE. The new rules also create a country-level crypto ban mechanism: if a country systematically tolerates crypto services that evade EU sanctions, a ban can be imposed on all crypto platforms nationwide in that country. Existing customers must, within 3 months, apply to member-state regulators for permission to withdraw funds.
Market impact assessment: Neutral-to-negative (crackdown on Russia’s crypto channels, but wider mainstream platforms increase compliance uncertainty)
Affected assets: HTX, crypto compliance sector
5 ETH staking ratio hits a historical high of 34%! But the yield falls to a new low of 2.62%.
According to CryptoQuant data, total Ethereum staked amount reached 41.04 million ETH, accounting for 34% of total supply, with a value of about $77.7 billion—each setting historical records. However, the staking yield fell from 3.05% to 2.62%, the lowest level in history, while the issuance rate rose from 0.757% to 0.842%. The high staking ratio reduces ETH’s freely circulating supply, but liquid staking tokens and unstaking withdrawals still create potential sell pressure. ETH is currently quoted at $1,859; near-term support is $1,800. It needs to reclaim $1,950 to open up room for a rebound.
Market impact assessment: Neutral-to-positive (supply contraction is a long-term positive, but declining yield weakens staking attractiveness)
Affected assets: ETH, Lido, staking sector