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Prices (USD, inline): BTC $109,622 | ETH $4,354.46 | SOL $186.99 | BNB $838.47 | XRP $2.84 | ADA $0.835 | AVAX $23.21 | DOGE $0.208 | DOT $3.72

Quick Index ⚡️
🟠 BTC weekend whiplash: bounce fades after flash crash
📉 CoinShares flags largest weekly outflows since March
🏛️ Global exchanges urge tighter rules on tokenized stocks
🟣 ETHZilla okays $250M buyback, doubles down on Ether
🟩 Public firm raises $400M for a Solana treasury
🔺 Grayscale moves to convert Avalanche Trust into a spot ETF

Markets

Weekend rally, meet Monday reality. Crypto’s post-Jackson Hole pop reversed as a weekend “flash crash” knocked majors lower; by Monday, bitcoin hovered near $110K and ether slipped back under recent highs. Market desks blamed profit-taking and technical breaks after Friday’s dovish Fed hints lifted risk assets. (As covered by Barron’s and Investor’s Business Daily.)

Flows flip red—hard. Digital asset investment products saw about $1.43B in weekly outflows, the biggest since March, with bitcoin vehicles leading redemptions amid macro jitters and heavier trading volumes. For allocators, it’s a reminder that ETF flows can swing price direction faster than on-chain demand. (Per the latest CoinShares report.)

Rotation watch: BTC dominance slips. Derivatives and spot data point to a tilt into ETH as BTC cools; options desks noted activity consistent with an ether-over-bitcoin pair trade while alt liquidity pockets widened. Keep an eye on ~57% BTC dominance as a line in the sand for rotation narratives. (According to CoinDesk’s market brief.)

ETHZilla joins the treasury trade. The newly rebranded Ether-holding company authorized a $250M stock buyback and disclosed 102,237 ETH (~$489M) on balance, adding corporate-treasury fuel to the ETH narrative after the weekend’s record print. Equity initially spiked, then faded as crypto softened. (Reported by CoinDesk, with details echoed by Investopedia and a company filing.)

Regulation

Exchanges to regulators: rein in “tokenized stocks.” The World Federation of Exchanges urged the SEC, ESMA and IOSCO to crack down on brokerages and crypto platforms offering blockchain tokens that mimic equities without shareholder rights. If regulators act, expect stricter listing rules and clearer custody/ownership standards that could reshape tokenization plays. (As reported by Reuters.)

Stablecoin yield fight heats up in D.C. U.S. banks are lobbying to tweak the new stablecoin framework, warning that allowing rewards on third-party coins could spur deposit flight and raise funding costs. The crypto side calls it competition; banks call it systemic risk. The outcome will influence how—and where—dollar-pegged assets pay yield. (As outlined by the Financial Times.)

Adoption

A listed company is building a SOL war chest. Sharps Technology’s stock jumped after it announced a $400M raise to create a Solana-focused digital-asset treasury, with backing from ParaFi, Pantera, FalconX and CoinFund; Solana Foundation also committed a discounted SOL sale. Corporate SOL treasuries could become the new proxy trade if the model proves repeatable. (According to CoinDesk.)

Japan’s SBI taps Chainlink for tokenized assets & stablecoins. The financial giant will use Chainlink’s CCIP and Proof of Reserve to pilot tokenized funds and compliant cross-chain transfers, expanding later across APAC. This is a concrete step from a major bank-backed group toward production-grade tokenization rails. (Reported by CoinDesk.)

Tech & Innovation

Grayscale files to convert its Avalanche Trust into a spot ETF. An S-1 landed with the SEC to list an AVAX spot product on Nasdaq using cash creations/redemptions; Coinbase would handle brokerage/custody and BNY Mellon would administer. Approval would mark a milestone for non-BTC/ETH L1 exposure in traditional wrappers. (Per CoinDesk’s filing write-up.)

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That’s a wrap for today. The Blockchain In Daily lands every day with prices, policy and the tech that ships—so you can trade, build or just stay sharp without doomscrolling. See you on the next block.