📊👀 #RAY State of Raydium in Q2:
- Average daily trading volume fell 69.2% from a record $3.6 billion in Q1 to $1.1 billion
- total trading volume on LaunchLab platforms exceeded $1.1 billion (trading volume on BONKfun totaled $818.8 million and on Raydium's LaunchLab interface totaled $309.2 million);
- Raydium's share of total volume on DEX declined from a record 17.0% in Q1 to 6.6% in Q2;
- TVL +54.7%.

🇦🇪 👀 #BTC Arkham: The UAE is the fourth largest nation in terms of BTC assets (holding nearly $740 million worth of coins).
The UAE's assets are not from asset forfeiture, but from the mining operations of Citadel Mining. They have mined about 9,300 BTC so far and still own at least about 6,300 BTC. Citadel Mining is 85% owned by 2pointzero, which is 100% owned by IHC. IHC is 61% owned by UAE Royal Group, which is a conglomerate owned by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family.

🇺🇸👀 #INJ SEC accepted Canary Capital's application to launch an Injective ETF for review.

📊🤔 #BTC Glassnode: Relative to prior cycles, Bitcoin’s all-time highs in 2017 and 2021 were reached just 2–3 months ahead of today’s point in the cycle. While history is a limited guide, it’s a noteworthy context given recent profit-taking and elevated speculative activity.

🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +41 BTC ($4.73M) 🟢
ARK21Shares inflows 563 BTC ($65.31M) and currently holds 42,378 BTC ($4.73B);
#ETH-ETFs:
NetFlow: +61,425 ETH ($285.19M) 🟢
Blackrock inflows 24,461 ETH ($113.57M) and currently holds 762,135 ETH ($3.54B).

💰 #BTC DDC Enterprise buys 200 additional Bitcoin, now holding 888 BTC

🐳 #ETH Arkham: This massive whale just bought $2.55B USD of ETH from Hyperunit and staked it all through the same staking contract.

🕹 #RWA The World Federation of Exchanges (WFE) called on regulators, including the US SEC, ESMA and IOSCO, to tighten controls on tokenized shares as these "tokens mimic shares without providing the same rights and trading guarantees, which could harm the integrity of the market." reuters

🇺🇸🇨🇳 #tradewars Trump: China has to supply us with magnets. If they don't, we'll slap them with 200% duties or something like that

📉 #BTC Glassnode: All Bitcoin cohorts have now decisively moved into distribution, led by the 10–100 BTC group. The uniformity across cohorts highlights broad sell-side pressure emerging in the market.

🕵️‍♂️ #YZY Bubblemaps believes that the snipers who made millions of dollars from YZY are connected to Hayden Davis (creator of #LIBRA).

🇺🇸🙅‍♂ #XRP #ETF SEC delays WisdomTree Spot XRP ETF

💼📈 #BTC #ETF Bloomberg: In Q2, nearly every category of institutional investor increased their exposure to Bitcoin ETFs.

📊 Glassnode: #BTC is now trading just above $110.8k, the average cost basis of 1m-3m old investors who accumulated during the May–July rally to new ATHs. Historically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections.

🇺🇸🙅‍♂ #TRX #ETF SEC delays Canary Staked TRX ETF

📉🤔 Ecoinometrics: #BTC outflows aren’t benefiting gold

Normally, flows into Bitcoin and gold #ETF's move in opposite directions. This time, both are weakening together.

Uncertainty on monetary policy, sticky inflation and a softening labor market, leaves the Fed without a clear path.

That’s a tough backdrop for hard assets.

🇺🇸🙅‍♂ #ETF SEC continues to delay applications to launch crypto-ETFs (#PENGU, #TRX, #XRP)

📊👀 #ETH The number of active Ethereum addresses reached 3.8 million last week.

Although a continued decline from the early-August peak, activity remains well above levels seen during previous bull markets.

🤔 CFTC interim chair Caroline Pham is rumored to join MoonPay once the permanent chair is confirmed.

🇺🇸🙅‍♂ #ADA #ETF SEC delays Grayscale Spot Cardano ETF

🤬💸 CoinGlass: >$330 million liquidated in the last hour

#BTC < $110,000 #ETH < $4,400