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Crypto

Flows up, prices flat

Bitcoin Back Near $65k, Solana $76 — and Robinhood Chain Is the Busiest Thing in Crypto (2026)

RaymondRates.my4 min read

Bitcoin is back near US$65,000 and Solana near US$76. The rebound is real but small — and the busiest thing in crypto right now is not a coin, it is Robinhood Chain.

$65,013
Bitcoin
+3.4% over the week
$76.16
Solana
+4.9% over the week
+$853.5m
Into bitcoin ETFs in a week
best week since April

The rebound is a money-flow story

US spot bitcoin ETF net flows (US$ million)Week to 31 Jul−61.5Week to 7 Aug+853.5Two funds did 94% of it: BlackRock’s IBIT $693.7m · Fidelity’s FBTC $116.4mBest week since April. All of July drew only about $170m — the thinnest month since the ETFs launched.
One week reversed a month of drift. The buying is institutional and narrow — two funds did 94% of it, which is worth knowing before reading it as a crowd rushing back in.
  • Weak US jobs did it. July payrolls showed America lost 23,000 jobs, cooling talk of another rate rise.
  • The money moved more than the price. Bitcoin gained a few percent while nearly a billion dollars changed direction.

A good week is not a good year

This week’s gain, against how far below the record it still sitspast 7 daysbelow its own recordBitcoinrecord Oct 2025+3.4%−48.4%Solanarecord Jan 2025+4.9%−74.0%
Both are far below their own records — Solana needs to roughly quadruple to see January 2025 again. A 4% week barely registers against that.
Physical bitcoin and altcoin tokens on a dark surface
Prices as at 9 August 2026, 00:43 MYT. Crypto trades 24/7, so there is no daily close. · Photo: Unsplash

What Robinhood Chain actually is

Robinhood Chain, from announcement to 100 million transactions30 Jun 2025Announcedrevealed in Cannes→10 Feb 2026Public testnetbuilt on Arbitrum tech→1 Jul 2026Mainnet livean Ethereum layer-2→6 Aug 2026100m+ transactionsin five weeks
Robinhood built its own blockchain — an Ethereum layer-2 — to put real assets like shares on-chain. It went from announcement to 100 million transactions in about a year.
  • It is a road, not a coin. A network Robinhood built to move tokenised assets, using ETH to pay fees.
  • Meme coins got there first. Over 80% of early volume was memecoins, not the shares it was built for.
There is no Robinhood Chain token. No coin, no airdrop, no snapshot, no claim window — fees are paid in ETH. Anyone selling you a “Robinhood Chain token” is selling something that does not exist. The meme coins trading on it, like CASHCAT, are not issued or endorsed by Robinhood — CASHCAT’s own site calls itself “fan fiction with a ticker”.

Can Malaysians touch any of this?

A phone showing a cryptocurrency trading chart
Malaysia's regulated route is narrow but real — five exchanges, both major coins. · Photo: Unsplash
  • Bitcoin and Solana, yes. Both trade in ringgit on SC-registered exchanges — five are on the register.
  • Robinhood, no. It needs a US address and Social Security number, and holds no SC registration.

What to watch

  • WeeklyWhether ETF inflows hold. One good week after a −$5.4bn first half is not yet a trend.
  • OngoingWhether Robinhood Chain’s real-world assets grow faster than its meme coins. Right now they do not.
  • Your sideCheck any platform against the SC register before depositing a ringgit.
Not financial advice. General information as at 9 August 2026. Prices are CoinGecko spot at 00:43 MYT, cross-checked against Binance, Kraken and Coinbase; crypto trades 24/7 so there is no daily close. Rates.my holds no CMSA licence, issues no price targets, and none of this is a recommendation to buy or sell. Digital assets are volatile and not capital-protected — the drawdown figures above show how far they can fall.

Sources & further reading

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