Crypto Pro Updates
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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‘€ Lutnick: Commerce Department to start publishing blockchain statistics
๐Ÿ“Š๐Ÿ‘€ #ETH now holds 62% of DeFi TVL, with dominance rising since April.
๐Ÿ‡บ๐Ÿ‡ธ Trump: Powell will quickly leave office. Soon we will have a majority at the Fed.
๐Ÿ“Š Glassnode: The monthly average of change-adjusted transfer volume has declined from $26.7B to $23.2B (~13%), tracking the pullback in price.
A break below the yearly average of $21.6B would confirm weakening speculative activity and signal a broader contraction in on-chain demand.
๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ฐ #BTC Kindly MD has made a $5 billion shelf offer and may use the proceeds to buy Bitcoin.
๐Ÿ” Top Exchanges by Weekly Visits
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๐Ÿ“ˆ #BTC The number of addresses holding more than 100 BTC recently hit a new all time high.
๐Ÿ“Š๐Ÿ‘€ #ETH CQ: Binance sees $1.65B stablecoin surge as Ethereum withdrawals near $1B.

This marks the second time this month that stablecoin deposits have surpassed the $1.5B threshold, underscoring a renewed wave of capital entering the spot market.
๐Ÿ” Leading oracles by Total Value Secured

Oracles power #DeFi by securing billions in onchain assets, with Chainlink leading at almost $60B. RedStone, Chronicle, and Pyth follow as key challengers, each securing billions in value. #LINK #RED #PYTH #SUPRA #API3
๐Ÿ—ฃ #BTC Peter Schiff warned Bitcoinโ€™s drop below $109K could extend to $75K, urging investors to sell now and buy back lower.
๐Ÿ“Š๐Ÿค” #BTC #ETH As per Willy Woo, liquidity flows are shifting from Bitcoin to Ethereum

Flows into ETH have reached 0.9B USD/day (silver) and are now nearing BTC inflows (orange).

This latest climb in flows started when Tom Lee's ETH treasury co, BitMine, started their ETH accumulation.
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๐Ÿ‡บ๐Ÿ‡ธ As of Sept. 3, the five-member CFTC will shrink to one member. The only commissioner will be acting chair Caroline Pham, a cryptocurrency advocate who was appointed by Trump. coindesk
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๐Ÿ“ˆ #BTC #ETH #ETF Yesterday, total net inflows of spot BTC-ETFs totaled ~$88.1 million.

Total net inflows of spot ETH-ETFs amounted to ~$455 mln.
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๐Ÿ“Š Santiment: cryptocurrency rebounds strongly as the number of key Bitcoin and Ethereum stakeholders continues to grow in August:
- 13 more wallets with >1k #BTC (2,087 total);
- 48 more wallets with >10k #ETH (1275 total).
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๐Ÿ“Š #FTM CQ: the number of daily transactions on the Fantom blockchain has fallen to its lowest level since April 2021.
At the same time, the number of daily active addresses has stabilized at 20-40 thousand, indicating a decline in user influx.
Meanwhile, the FTM price is hovering >90% below its all-time high and there is no demand.
These indicators suggest that Fantom may need fundamental catalysts (e.g., upgrades or partnerships) to regain strength.
๐Ÿ‘ Google Cloud announced the launch of its L1 blockchain GCUL, which simplifies cross-border payments and asset settlement using a distributed ledger.
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๐Ÿ”๐Ÿณ Whale Transactions:

1. BTC OG closed a long of 96,452 #ETH ($433 million) for a profit of $2.6 million; he also sold 3,968 #BTC ($437 million) and bought spot 96,531 ETH ($443 million). In total, he bought 641,508 ETH ($2.94 billion) in the last week;
2. 8 new wallets received 35,948 ETH ($164 million) from FalconX and Galaxy Digital;
3. 6 new wallets (possibly Bitmine-related) received 95,789 ETH ($427 million) from BitGo;
4. 3 kit wallets opened a huge long on #XPL, which led to a rise to $1.8, liquidation of shorts, and a profit of almost $38 million in less than an hour.
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๐Ÿ”ฎ #ETH Fundstrat co-founder and BitMine chairman Tom Lee said ETH will reach $5500 in the next couple weeks and $10,000-12,000 by the end of the year.
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๐Ÿ“Š #BTC CQ: the 30-day moving average of the bitcoin buy/sell ratio has reached its lowest value since May 2018. If this trend continues, we should expect a major price correction or even a prolonged downtrend.
๐Ÿค– #SUI integrates #AI-assistant from Alibaba Cloud into ChainIDE to simplify Move programming language. twitter
๐Ÿฆ๐Ÿง #CBDC Global central banks are stepping up work on their own digital currencies (CBDC) in a bid to offer a sovereign alternative to cash as its use declines and the tokenization of traditional assets grows. - annual survey BIS

85 CBs surveyed (91%) are exploring either retail or wholesale CBDCs, or both.
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