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Bitcoin ETFs Pull $167M as 2026’s Best Inflow Run Slows

US-listed spot Bitcoin exchange-traded funds (ETFs) saw another day of redemptions on Wednesday, with total net outflows of $120.2 million, according to Farside Investors data. This follows Tuesday’s $46.6 million outflow, bringing withdrawals across the first two sessions of the holiday-shortened week to $166.8 million. The pullback largely came from ARK 21Shares’ Bitcoin ETF (ARKB), which led Wednesday’s withdrawals with $78 million. Grayscale’s Bitcoin Trust ETF (GBTC) followed with $27.2 million in net outflows and BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded $19.5 million in withdrawals. The only Bitcoin ETF to post inflows on the day was Morgan Stanley’s Bitcoin Trust (MSBT), which added $4.5 million. Key takeaways Bitcoin spot ETFs recorded $120.2 million in net outflows on Wednesday, extending the week’s two-session total withdrawals to $166.8 million. ARKB was the dominant source of outflows, pulling $78 million on Wednesday, while GBTC and IBIT together accounted...
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Bessent Presses Senate to Pass Clarity Act Before Sept 15 Deadline

Treasury Secretary Scott Bessent has pushed the Senate to advance the CLARITY Act ahead of a key vote. He cautioned that abandoning the bill would signal weakness to rivals in digital finance. The Senate is set to hold a cloture vote on the CLARITY Act on September 15. Bessent shared his appeal on social media, and the post gained wide attention within hours. He argued that rejecting the CLARITY Act would mean giving up national security tools. His remarks reframed the bill as a security measure rather than a simple market rule. This shift builds on earlier comments Bessent made in July. At that time, he stressed market structure and timing over security concerns. Now, Treasury and defense officials appear aligned behind the same national security argument. The Vote and the Numbers The September 15 vote will not decide the CLARITY Act outright. Instead, it is a cloture vote on a motion to proceed. A yes vote would open the bill to full floor debate. Republicans control 53 Senate seats,...
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Hunter Biden Denies Memecoin Profits After Laptop Crash Claims

Hunter Biden has rejected claims that he profited from his “LAPTOP” memecoin after its launch triggered an early selloff and widespread accusations of a “rug pull.” In an X post Wednesday, Biden said neither he nor anyone on his side sold tokens, adding that he “personally” has not earned money from the project. The token initially traded at about $0.05 at launch, but it later experienced a sharp drop in the first hour, losing more than 95% in value according to social media reports. At the time of writing, CoinGecko data showed LAPTOP trading around $0.8562. Key takeaways Biden denied any token sales, saying his team’s allocation is “locked,” and claimed he has not made a single dollar from LAPTOP. The project pointed to liquidity shortfalls and fast “snipers” (trading bots) as drivers of the early price crash. In a public community update, the LAPTOP team said it had no presale and published contract details, allocations, an audit, and a white paper before trading began. Proj...
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Unicoin Files Suit Against Uniswap Labs to Cancel UNI Registration

A company behind the Unicoin brand has filed a lawsuit in the Southern District of New York against Uniswap Labs, seeking a court ruling that its UNICOIN trademark does not infringe or dilute Uniswap’s asserted marks. TransparentBusiness Inc., which does business as Unicoin, is also asking the court to cancel a US trademark registration for UNI. The dispute centers on trademark claims and alleged brand misuse that Uniswap’s representatives raised through a series of demand letters sent over several months. Unicoin’s complaint, filed Tuesday, requests declarations on non-infringement and non-dilution, along with determinations related to whether Unicoin’s domain names violate US anti-cybersquatting laws. Key takeaways TransparentBusiness Inc. (Unicoin) sued in New York federal court seeking declarations that UNICOIN does not infringe or dilute Uniswap’s claimed marks. The complaint asks the court to cancel a US trademark registration for “UNI,” which Uniswap alleges it owns or has r...
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Silvergate’s ex-CEO cites Biden pressure as factor in 2023 wind-down

Former Silvergate Bank CEO Alan Lane says the bank’s 2023 voluntary wind-down was driven less by internal weaknesses and more by political and regulatory pressure, arguing that Silvergate remained solvent after meeting withdrawal demands in late 2022. In an inaugural post on his Substack published Tuesday, Lane claimed Silvergate could have continued operating after satisfying withdrawals equal to 70% of its demand deposits during the fourth quarter of 2022, and he characterized the decision to liquidate as a response to “political pressure” rather than an inability to access liquidity. Key takeaways Lane argues Silvergate had sufficient liquid resources to withstand heavy withdrawals in Q4 2022 and that liquidation followed political pressure. Federal regulators’ accounts emphasize different causes, pointing to concentrated crypto deposits, funding and governance risks, and compliance shortcomings. Lane disputes claims that regulators proved Silvergate’s anti-money laundering (A...
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India’s Financial Intelligence Unit Issues Non-Compliance Notices To 15 Crypto Platforms

The Financial Intelligence Unit (FIU) has issued non-compliance notices to 15 crypto platforms, or what it calls Virtual Digital Asset Service Providers (VDA SPs), under the Prevention of Money Laundering Act (PMLA). The notified entities could face access blocks in the country, with the FIU directing them to take down their applications and URLs. India’s FIU Cracks Down On Crypto Entities According to the Financial Intelligence Unit, the platforms failed to comply with several provisions of the PMLA and were operating illegally in the country. The platforms included in the list are Weex, Blofin, Bitunix, DigiFinex, Toobit, Razorex, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, FixedFloat, WhiteBIT, and Guardarian. India expanded its anti-money laundering and counter-financing of terrorism framework in 2023, bringing VDA service providers in India under the ambit of FIU registration and PMLA obligations. The PMLA mandates that companies registered as reporting entities with th...
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Metaplanet Faces Shareholder Pushback Over Executive Stock Pool Plans

Japanese Bitcoin treasury firm Metaplanet is facing renewed shareholder pressure after objections over its ongoing executive stock option pool, which is tied to how the company finances and expands its Bitcoin accumulation. Critics argue the mechanism has led to heavy dilution for existing shareholders as new shares are issued—while Metaplanet says it has taken steps to freeze part of the pool. The dispute centers on Metaplanet’s “10th Series” executive option pool, structured to represent 20% of fully diluted shares and to automatically expand when additional shares are issued to fund its Bitcoin purchases. The backlash has now broadened from social media commentary to demands for clearer governance and compensation decisions. Key takeaways Shareholders are disputing the design of Metaplanet’s 10th Series executive option pool, arguing it mechanically increases dilution as the company issues new shares for Bitcoin buys. Metaplanet says it froze the executive pool at 319.5 million ...
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