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Banks weigh stablecoins as payments competition grows: WSJ
Major U.S. and international banks are reconsidering stablecoins as crypto and technology firms expand into payments. The shift remains preliminary: JPMorgan has "no current plan to issue a stablecoin" and has not started developing an active product. The bank already operates JPM Coin via its Kinexys platform — a deposit token representing a customer claim, not an independently issued reserve-backed payment stablecoin.
More than a dozen institutions, including Bank of America, Wells Fargo and Santander, are reportedly advancing a global stablecoin venture initially focused on a U.S. dollar token; membership, governance, backing arrangements and a timetable have not been released. Separately, 39 state bankers associations announced the BankChain Alliance on Aug. 25, targeting 2027 and aiming to support stablecoins, tokenized deposits and automated settlement.
Regulatory clarity lags: the GENIUS Act created a U.S. framework but agencies missed initial rulemaking deadlines. The Office of the Comptroller of the Currency currently expects to finalize its stablecoin rule by November 2026. The next firm developments would include named consortium members, regulatory applications, technology selections and confirmed launch schedules.
BlackRock's Digital Assets Head: The macro logic of Bitcoin continues to strengthen
Robert Mitchnick, head of digital assets at BlackRock, stated that the macro investment logic for Bitcoin is continuously strengthening. Even as regulatory issues temporarily recede to a secondary role, fiscal concerns continue to drive demand for Bitcoin in the market. Mitchnick pointed out that current fiscal pressures within the macro environment have become an important factor supporting Bitcoin's appeal, further reinforcing its narrative as a hedge instrument. These views reflect institutional ongoing attention to Bitcoin's long-term macro positioning.
Coinbase, Better launch Bitcoin-backed home loans
Coinbase and Better Mortgage made a Bitcoin-backed mortgage product generally available to qualified US homebuyers, announced Aug. 26. Better originates and services the loans while Coinbase provides the infrastructure. The financing is split into two loans: a Fannie Mae‑conforming first‑lien mortgage and a separate $BTC‑secured down‑payment loan; both share the same interest rate, amortization and a single combined monthly payment.
Bitcoin & Ethereum Spot ETF Flow
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 232.12M USD yesterday (Eastern Time, August 26th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 200.76M USD, and the total historical net inflow of IBIT currently stands at 63.12B USD.
The second highest was Grayscale Bitcoin Mini Trust ETF $BTC, with a daily net inflow of 46.83M USD, and the total historical net inflow of $BTC currently stands at 2.85B USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was Grayscale's ETF GBTC, with a daily net outflow of 50.39M USD, and the total historical net outflow of GBTC currently stands at 27.58B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 98.63B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.26%. The historical cumulative net inflow has reached 54.59B USD.
According to SoSoValue data, yesterday (Eastern Time August 26) the total net inflow of Ethereum spot ETFs was $192 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $116 million, bringing ETHA's cumulative historical net inflow to $12.523 billion.
Second was Grayscale's Ethereum Mini Trust ETF $ETH, with a single-day net inflow of $34.6655 million, and its cumulative historical net inflow now stands at $1.897 billion. As of the time of this report, the total net asset value of Ethereum spot ETFs reached $15.127 billion, with the ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) at 5.07%, and the cumulative historical net inflow has reached $12.638 billion.
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