#夏日创作营 July 26, 2026🔥 Core Flash News

1 BTC plunges $2,000 in seven hours! $323 million liquidated across the market, 84% long positions
On July 25, Bitcoin slid sharply from a high of $65,705 to $63,666, dropping more than $2,000 within seven hours and falling below the key support level of $64,000. According to Coinglass data, the total liquidation amount across the global crypto market over the past 24 hours was $323 million, of which 84% were long positions. Liquidations in BTC futures alone reached $84.5 million, while liquidations in ETH futures were $68.3 million. BTC is currently rebounding slightly to around $64,350, but on-chain data shows that this decline came with shrinking trading volume, indicating leverage liquidation rather than active selling. The Fear Index has fallen to 27.
Market impact assessment: Neutral to bearish (short-term leverage clearing helps stabilize, but sentiment remains fragile)
Affected coins: BTC, ETH, entire market

2 BTC+ETH ETF sees outflows of $310 million on the same day! BlackRock’s IBIT redeems $212 million in a single day
On July 24, the US spot BTC ETF recorded net outflows of $240.1 million, the ETH ETF recorded net outflows of $70.7 million, totaling more than $310 million in net outflows in one day. BlackRock’s IBIT accounted for $212 million of redemptions on the BTC side, and on the ETH side, ETHA also saw outflows of $52.8 million. The BTC ETF ended the prior streak of 7 consecutive days of net inflows totaling nearly $1 billion. Weekly trading volume fell to about $8.05 billion, the lowest since October 2024. The ETH ETF still had a net weekly inflow of $103.9 million, continuing positive inflows for three straight weeks, but the July 24 single-day reversal broke the prior five-day uptrend.
Market impact assessment: Bearish (institutional funds pull back in the short term, weighing on the market, but ETH is more resilient than BTC)
Affected coins: BTC, ETH, spot BTC/ETH ETF concept

3 Morgan Stanley ETH+SOL Staking ETF approved for listing on NYSE Arca! Wall Street steps in faster
On July 24, NYSE Arca officially certified the listing registration of Morgan Stanley’s Ethereum Trust (MSSE) and Solana Trust (MSOL). The SEC approved S-1 to become effective on July 23. The two ETFs have an annual fee rate of only 0.14%, supporting staking yield. They are among the first staking ETF products issued by Bulge Bracket-level banks. This marks a shift by traditional financial institutions in ETH and SOL from “allocation” to “earning yield,” paving the way for subsequent institutional capital inflows.
Market impact assessment: Bullish (Wall Street’s top institutions move in; long-term positive for the ETH and SOL ecosystems)
Affected coins: ETH, SOL, Lido(LDO), staking track

4 CLARITY Act postponed to September! 7 pro-crypto Democrats flip to oppose
The CLARITY Act—crypto market structure bill—faces a major setback in the US crypto market. Seven Democratic senators who previously supported or leaned neutral (including the only two Democratic supporters in committee votes, Gallego and Alsobrooks) issued a joint statement opposing the current text, arguing that the ethics provisions, consumer protection, and conflicts-of-interest provisions are insufficient. Meanwhile, the Trump family’s crypto business is also cited as a major obstacle to the bill’s passage—their family’s 2025 crypto business revenue is about $1.4 billion. Polymarket’s probability estimate for passage this year fell from 40% to 33.5%. Although Senate Majority Leader Thune said he would push for a vote, it now appears unlikely to pass before the August recess, with the earliest chance being September.
Market impact assessment: Bearish (regulatory uncertainty extends; industry compliance progress is hindered)
Affected coins: BTC, ETH, SOL, all-market compliance targets

5 Lido Core Upgrade approved for mainnet! Attention on stETH APR calculation discrepancy
Lido’s Core Upgrade has passed testing and received DAO approval. It is set to be deployed on Ethereum mainnet. The upgrade will enhance institutional-grade staking capabilities. But Lido also disclosed a technical incident: due to an unaccounted 32 ETH validator deposit, stETH’s day APR was incorrectly calculated as 2.04% instead of the expected 2.15%. Although the deviation is not large, as the largest liquid staking protocol in the market (TVL over $20 billion), any abnormality in yield calculations will draw attention from the market, and the short-term impact is mainly on LDO sentiment.
Market impact assessment: Neutral (long-term upgrade is positive, but the short-term APR discrepancy needs to be fixed)
Affected coins: LDO, stETH, ETH staking track