IntoTheBlock

Total on-chain non-U.S. government debt now exceeds $1 billion.
While US treasuries still account for the majority of onchain capital, non-U.S. sovereign debt is growing steadily, led mostly by Spiko’s EU T-bills.

Bitcoin ETFs recorded $787 million in inflows last week, the highest weekly inflows since mid January

The aggregate market capitalization for tokenized commodities and equities has reached a record $7.32 billion, reflecting an 8.58% increase over the last 30 days.

Bitcoin’s 30-day volatility just hit its highest level since March 2025.

Bitcoin ETFs added over $250 million yesterday.
While still well below the highs seen earlier this year, it marks the largest daily inflow since early February, suggesting ETF investors may be taking advantage of lower BTC prices.

Bitdeer, a major BTC mining company, sold its BTC holdings last week.
Miner capitulation has historically been a late-cycle stress signal: in the short term it can increase sell pressure as operators liquidate reserves, but it has often coincided with improving miner economics and stronger BTC price recoveries