Prices (USD, inline): BTC $113,100 • ETH $4,078 • SOL $177 • BNB $824 • XRP $2.89 • ADA $0.85 • AVAX $22.35 • DOGE $0.209 • DOT $3.76

Quick Index ⚡️

🔎 SEC punts: Solana & XRP ETFs pushed to October
🚀 SoFi x Lightning: remittances over Bitcoin rails
🔧 1inch unlocks Solana↔EVM swaps: no bridges, MEV-protected
📉 Risk-off mood: BTC slips; crypto stocks follow
🇮🇳 India tax rethink: CBDT opens talks on TDS & loss offsets
🇯🇵 Yen stablecoin greenlit: JPYC licensed to launch later this year

Markets

Risk-off ahead of Jackson Hole. Bitcoin and majors softened as traders braced for Wednesday’s FOMC minutes and Friday’s Jackson Hole keynote. Crypto-linked equities slid, with high-beta names underperforming as BTC dipped near $113K. The setup keeps September rate-cut hopes in play but fragile, making macro prints the short-term driver. (Coverage via CoinDesk’s market desk.)

ETH ETFs: record inflows last week, outflows yesterday. After spot Ether ETFs logged a record single-day net inflow around $1B last week (per SoSoValue data cited by ETFTrends), funds saw ~$197M outflows yesterday, signaling two-way flows as ETH hovers above $4K. Expect volatility around positioning and validator dynamics.

Regulation

SEC delays: SOL & XRP (and more) decisions now due in October. The Commission extended review periods for several high-profile crypto ETFs, including Solana products and an XRP trust, shifting final deadlines into October. Near-term, that removes a potential upside catalyst for non-BTC/ETH assets and keeps “headline risk” elevated. (As reported by Unchained and Yahoo Finance.)

India opens the door to a crypto tax reset. India’s Central Board of Direct Taxes invited industry input on virtual digital assets, specifically the contentious 1% TDS, oversight, and whether to allow loss offsets. Any easing would be a major liquidity positive for local venues and could reduce offshore migration. (Times of India.)

At the Wyoming Blockchain Symposium, a call for less caution. Fed Governor Michelle Bowman urged regulators to move beyond an “overly cautious mindset” on crypto and fintech, highlighting stablecoins and tailored oversight. While not a policy change, it’s notable signaling from a senior policymaker. (Barron’s.)

Adoption

SoFi taps Bitcoin’s Lightning (via Lightspark) for global remittances. SoFi will let users send dollars in-app and have recipients get local-currency deposits abroad, using Lightning-based UMA rails under the hood. Real-time transfers + lower costs could pressure legacy corridors — and it’s a marquee fintech validating Bitcoin payments infra. (CoinDesk; Barron’s overview.)

Tether hires ex-White House crypto adviser to steer U.S. push. USDT’s issuer brought on Bo Hines as a strategic adviser to deepen U.S. engagement. Expect a more active D.C. posture from the stablecoin giant as regulatory clarity firms up. (Reuters.)

Japan licenses a yen-pegged stablecoin launching later this year. Startup JPYC secured the green light to issue a fully convertible JPY stablecoin backed by domestic assets, initially targeting institutions. A regulated “digital yen” proxy could grease cross-border flows in Asia. (Reuters.)

Tech & Innovation

1inch launches native Solana↔EVM cross-chain swaps — no bridges. 1inch rolled out trustless, MEV-protected swaps connecting Solana with 12+ EVM chains across its dApp, wallet and Fusion+ API. If widely used, this reduces fragmentation and deepens liquidity access for both ecosystems. (Company blog; PR announcement.)

Hedera mainnet v0.64 upgrade scheduled for August 20. The network will push a version upgrade tomorrow (17:00 UTC) with a brief maintenance window expected — part of a series of reliability and developer-experience enhancements this quarter. (Official status page; release notes.) 

Restaking keeps spreading. EigenLayer expanded integrations as Mantle and ZKsync adopt EigenDA and related AVS tech, reinforcing restaking’s role in Ethereum’s modular stack. Watch DA costs and security assumptions as adoption climbs. (Blockworks.)

See you on the next block. If you’re serious about crypto, make The Blockchain In Daily your morning habit — crisp prices, fresh policy moves, real adoption, and the tech that’s shipping today.