According to a summary report by external sources, the encrypted market continues to be under pressure at a time when financial outflows intersect with policy expectations. Bitcoin has fallen to 200 weekly averages, and the United States-based Bitcoin ETF showed a net outflow of $389.77 million last week; at the same time, the White House will convene a closed meeting between encryption executives and regulators on August 19.
Bitcoinpressure, ETF weak.
The report cites data that between 10 and 14 August, United States spot bitcoin ETF net outflows totalled $389.7 million, the largest single-week outflows since the beginning of July, of which Fidelity's FBT outflows were $153 million.
Bitcoin currently fluctuates between US$ 62,000 and US$ 65,000, with low spot demand and prices falling by 200 weeks of moving average. The article also mentions that some listed companies with long-term hold of bitcoin are still holding their hold through financing or balance sheet operations.
- United States spot bitcoin ETF net one-week outflows: $389.77 million
- FBTC single-week outflows: $153 million
- Current bitcoin range: $62,000 to $65,000
The White House will hold closed meetings with the encryption agency.
Citing ETF Store President Nate Geraci, the report states that the United States administration is moving ahead with encryption policy arrangements and does not intend to continue waiting for Congress-driven Clarity Act. It is planned that closed meetings will be held on 19 August at the relevant White House premises.
Participants were said to include Paul Atkins, Chairman of the United States Securities and Exchange Commission, Mike Selig, Chairman of the United States Commodity Futures Trading Commission, and representatives of agencies such as Ripple, Coinbase, Gemini, Polymarket, NASDAQ, NCO, CME and DTCC. It was reported that the meeting would also be pre-heated for the first CFTC Innovation Committee meeting, which was launched the following day.
Coinbase bet AI agent pays
Coinbase CEO Brian Armstrong indicates that in the future the number of AI agents will exceed the number of holders of human wallets, while encryption networks will be the payment infrastructure for such software subjects. The reason given was that it was difficult for the traditional banking system to open accounts for software codes without identity documents.
It was mentioned that Coinbase was promoting payment systems based on the USDC and Base networks and using the 402 protocol as an inter-machine payment standard. Armstrong states that the system has processed over $100 million in transactions and has the support of Google, Visa and Stripe.
Adam Back questions the narrative of the "single-heart"
At the Bitcoin technology line discussion, Blockstream CEO Adam Back stated that some of the early decisions of Sino-Khalun on expansion and network evolution were not always correct and that there were inconsistencies in the relevant historical statements.
Instead of using the 15-year-old forum speech as a fixed answer, he believed that bitcoin development should be driven by current mathematical, safety and network conditions. This statement is mainly a response to recent discussions about the unlimited expansion of the block that was supported by China.