Several major developments unfolded in the crypto market today, with Bitcoin spot ETFs recording $226.92 million in net inflows, Cardano climbing 8%, and Worldcoin rallying after an ETF filing. Meanwhile, XRP traders adjusted leveraged positions, and a Wanchain bridge exploit sent Midnight’s NIGHT token plummeting.
Bitcoin ETFs See $226.92M Net Inflows
According to SoSoValue, U.S. spot Bitcoin ETFs attracted $226.92 million in net inflows on July 21. BlackRock’s IBIT led with $116 million, pushing its cumulative inflows to $60.606 billion. Ark Invest and 21Shares’ ARKB followed with $72.74 million, raising its cumulative total to $1.322 billion. On the outflow side, Grayscale’s GBTC lost $45.4 million, bringing its cumulative outflows to $27.377 billion. The total net asset value of Bitcoin spot ETFs now stands at $79.163 billion, with a net asset ratio of 6.04% and historical cumulative inflows of $51.579 billion.
XRP Funding Rates Drop 240%
XRP funding rates have plunged 240% in a single day, even as the token rallied past the $1.13 resistance level, gaining 4% with a 64% surge in 24-hour trading volume. The drop suggests traders are reducing leveraged long positions, shifting momentum in favor of bulls. The next key resistance zone is seen at $1.24–$1.28.
Cardano Jumps 8% on Whale Accumulation
Cardano (ADA) rebounded nearly 8% over the past 24 hours, trading around $0.1747 after hitting an intraday high of $0.1774. The recovery is supported by strong whale accumulation, a major network upgrade, and $435 million in 24-hour trading volume. Traders are watching whether ADA can challenge the $0.20 mark in the coming sessions.
Worldcoin Rallies on Grayscale ETF Filing
Worldcoin’s WLD token climbed about 8% to an intraday high of $0.387 after Grayscale filed an S-1 registration statement for a proposed Worldcoin ETF. The passive vehicle would track WLD via the CoinDesk Worldcoin Benchmark Rate and list on Nasdaq under ticker GWLD if approved, with BNY Mellon serving as transfer agent and administrator.
Wanchain Bridge Exploit Drains 515 Million NIGHT
Blockchain security firm BlockSec reported an exploit on Wanchain’s Cardano-to-BNB Chain bridge that drained approximately 515 million NIGHT tokens. The security firm believes the vulnerability lies in how the TreasuryCheck validator creates messages, combining 14 fields without clear separators, allowing different data sets to produce the same byte string. The incident triggered heavy selling, sending NIGHT down more than 30% in 24 hours.
FAQs
- How much money entered Bitcoin spot ETFs? Bitcoin spot ETFs recorded total net inflows of $226.92 million, led by BlackRock’s IBIT with $116 million.
- Why did XRP funding rates fall by 240%? The decline indicates traders reduced leveraged long positions even as XRP prices rose, suggesting spot demand supported the rally.
- What caused Cardano to rise by nearly 8%? Cardano’s recovery was driven by whale accumulation, higher trading volume, and optimism over a network upgrade.
- Why did Worldcoin rally? Worldcoin gained after Grayscale filed for a Worldcoin ETF, which could list on Nasdaq if approved.
- What happened to the NIGHT token? A Wanchain bridge exploit drained 515 million NIGHT tokens, causing a 30% price drop.