BlackRock's IBIT Now Outpaces Its Flagship S&P 500 ETF
According to Bloomberg, the iShares Bitcoin Trust (IBIT) generates $187.2M annually from fees, surpassing BlackRock’s iShares Core S&P 500 ETF (IVV) despite the latter managing over 8x more in assets. Since launching in early 2024, IBIT has attracted $52B in inflows and ranks among the top 20 most traded ETFs in the U.S.
20,000 BTC Moved From Dormant Wallets After 14 Years
Two wallets inactive since 2011 transferred 20,000 BTC—worth $2.18B today. Analysts speculate the funds belong to an early miner or foundation-era user. This marks one of the largest old-coin transfers this year.
Turkey Blocks Access to PancakeSwap — First Ban on a DEX
Turkey’s Capital Markets Board (CMB) has restricted access to PancakeSwap, the largest decentralized exchange (DEX) on BNB Chain, and price aggregator CryptoRadar, citing "unauthorized crypto services."
This marks the country’s first ban targeting a decentralized platform. PancakeSwap handles over $7B in daily volume and holds more than 30% market share in the DEX sector. Despite its AMM model and decentralized structure, Turkish regulators are tightening control over crypto services aimed at local users.
Circle Files to Become a U.S. National Digital Bank
Circle has applied for a federal trust charter with the OCC, seeking to directly custody USDC reserves and offer institutional banking services. The move aligns with regulatory momentum following the U.S. Senate’s passage of the GENIUS Act.
Bitcoin Holds Above $100K Despite Selloffs
BTC has remained stable above the $100K level, supported by rising institutional flows and improved mining profitability. Despite some profit-taking from long-term holders, overall sentiment remains strong.
Hackers Stole $2.1B in Crypto in H1 2025
Blockchain security reports show over $2.1B in crypto was stolen in the first half of 2025, with more than 80% attributed to infrastructure attacks—key theft, seed leaks, and frontend exploits.
The largest was a $1.5B Bybit breach allegedly linked to North Korean actors. Iran’s Nobitex also suffered a high-profile exploit in June, where $90M was reportedly “burned” by attackers.
