In the early hours of August 19, the encryption market was temporarily in a state of constant backwardness. There are signs of some restoration of the financial landscape, with the United States-based bitcoin ETF re-recording a single-day net inflow and ETF synchronizing. XRP continues to fluctuate around the dollar line, with chain data showing that large holders have continued to increase around this position in recent weeks.

Return of ETF funds

The data show that on August 18, United States spot bitcoin ETF net inflows of $189.31 million a day and ETF net inflows of $71.47 million. XRP spot ETF also recorded a net inflow of $5.81 million, but still significantly smaller than bitcoin and Etherwood products.

In terms of prices, bitcoin was sorted around $65,000, and XRP followed a small rebound on a large plate. According to the article, the previous week had seen a net outflow of $389.7 million from the Fund for Encryption, and the current return of funds showed that institutional sentiment had been restored more than before.

The XRP whale keeps buying.

The chain data show that between 1 August and 18 August, large XRP holders bought more than 642 million tokens. Of these, between 1 million and 10 million XRP addresses were maintained during the first week of the month alone, with an increase of 380 million.

  • Between 13 and 14 August, approximately 72 million new XRPs were purchased
  • From 16 to 17 August, approximately 190 million additional XRPs were absorbed
  • Large transfers jumped 280 per cent between 17 and 18 August

In terms of market performance, XRP is still in the vicinity of $1,0052. This position is considered to be an important psychological support and the current purchase is mainly from a large address rather than a retail dealer.

Ripple Finance and RLSD Flows

In addition to the increase in the chain, there is also an increase in Ripple-related business actions. It was reported that Ripple Brokering, Ripple Prime, had completed the first $275 million in unguaranteed private fund-raising, and that bonds would expire in 2031, with an interest rate of 8.25 per cent.

According to the text, if the May agreement were taken into account, Ripple ' s total debt financing through the Hidden Road system over the past three months had exceeded $475 million. At the same time, Ripple also worked with the All North Bank of Korea to advance the Ripple Payments immediate settlement service.

There is also a split in the flow of the Stable Currency across the chain. Over the past 30 days, a total of about $449.3 million RLUSD has been issued on XRPL, of which about $448.9 million was subsequently redeemed and destroyed, with a monthly destruction rate of nearly 99 per cent. By contrast, RLUSD on the Inn Network retains more liquidity.

SEC proposal and liquidation pressure

At the regulatory level, the United States Securities and Exchange Commission proposed a new currency financing exemption path. It was reported that eligible projects could be exempted from the strict registration requirement if they did not exceed $75 million per year, and that the relevant assets could no longer be recognized as securities after the developers had achieved specific technical objectives.

Meanwhile, the United States Senate has scheduled a procedural vote for Clarity Act on September 15. However, issues surrounding pledge incentives and potential conflicts of interest have not yet been fully resolved and the future of the bill remains uncertain.

  • If BTC drops to about $572 million, multiple flats or over $4.36 billion
  • If ETH falls to about $1715, multiple flat or over $2.97 billion

This means that, while the spot market has temporarily entered a narrow process, the futures market remains heavily stymied. Once prices are retraced quickly, the clearing chain may magnify short-line fluctuations.