Crypto Pro Updates
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πŸ‡ΊπŸ‡ΈπŸ‘€ #macro US (Aug):
- S&P Composite PMI: 54.6 (pred: 55;1);
- S&P Services PMI: 54.5 (previous: 55;7)
πŸ‡ΊπŸ‡ΈπŸ•ΉSEC will consider amending its rules to allow cryptocurrency trading on national stock exchanges and alternative trading systems. reuters
πŸ—½πŸ‘€ #HBAR Hedera has been selected by the state of Wyoming to issue the Frontier Stable Token (FRNT), which will be the first stablecoin issued by a US state.
πŸ‡ΊπŸ‡ΈπŸ‘€ #macro ISM Services PMI (Aug): 52 (previous: 50.1)
πŸ‡ΊπŸ‡ΈπŸ§ The US Department of Justice has opened a criminal investigation of Fed chief Lisa Cook.
πŸ—½πŸ‘€ Michael Saylor's #BTC Strategy meets all criteria for inclusion in the S&P 500 - bloomberg
πŸ₯³ Blink Charging (#BLNK) plans to introduce a cryptocurrency payment feature to its network of charging stations by the end of 2025.
πŸ’΅πŸ’΅ 2 billion #USDT minted at Tether Treasury
πŸ’° #SOL DeFi Development (#DFDV) announced an increase of 196,141 SOL in its assets. source
πŸ•΅οΈβ€β™‚οΈ #ETH Due to the price drop, 2 wallets (possibly belonging to the same whale) panic-sold 3,690 ETH ($15.6M) that they just bought yesterday, taking a $944K loss. 1|2
πŸ‡ΊπŸ‡ΈπŸ‘€ Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +2,569 BTC ($281.53M) 🟒
Blackrock inflows 2,588 BTC ($283.71M) and currently holds 750,058 BTC ($82.21B);
#ETH-ETFs:
NetFlow: -15,444 ETH ($66.56M) πŸ”΄
Blackrock outflows 33,884 ETH ($146.04M) and currently holds 3,743,379 ETH ($16.13B).
πŸ₯ΆπŸΏ #WLFI #TRX #SUN World Liberty has blacklisted Justin Sun's address and blocked 540 million worth of tokens unresolved and 2.4 billion worth of tokens locked.

They also believe that an exchange is using user tokens to boost sales and lower the price.
πŸ‡ΊπŸ‡ΈπŸ—£ SEC Chair Paul Atkins says providing regulatory framework for crypto is a 'key priority.' - It's a new day at the SEC.
πŸ“‰πŸ€” #BTC Over the past 18 months, Bitcoin has experienced five separate corrections of -24% or more from its ATH.

By comparison, the current drawdown is only -12%, which is about half the depth of previous pullbacks.
🍿 #WLFI #TRX #SUN Justin Sun states that his transactions were test transactions and "could not have any impact on the WLFI market."
πŸ“ŠπŸ‘€ #ETF Ecoinometrics: Ethereum ETF flows keep closing the gap with Bitcoin

Since mid-July, Bitcoin ETF flows have gone flat. Ethereum, by contrast, is in its strongest inflow streak since launch.

While #BTC still has a large lead, #ETH is catching up fast.
πŸ‡ΊπŸ‡ΈπŸ™…β€β™‚οΈ #SUI #ETF SEC delays 21Shares spot Sui ETF
πŸ’ΌπŸ“ˆ #BTC Public companies worldwide now hold over 1,000,000 Bitcoin. That's 4.7% of Bitcoin's total supply.
πŸ‡ΊπŸ‡ΈπŸΆ #DOGE Eric Balchunas: REX Shares will likely launch the first US ETF on Dogecoin as early as next week.
πŸ“ˆπŸ€” #BTC Analysts at Tephra Digital expect Bitcoin to rise to $167k-185k by the end of this year if correlation with M2 and Gold continues.

Bitcoin still continues to follow the money supply of global CBs with a lag of about 100 days (since September 2023).
πŸ“Š #BTC Santiment: There is a major bullish divergence that has been forming over the past two weeks:

- Bitcoin's market value has DROPPED -5.9% since Aug. 22nd
- S&P 500 has RISEN +0.4% since Aug. 22nd
- Gold has RISEN +5.5% since Aug. 22nd

In cases like this divergence over the past 2 weeks, Bitcoin (and altcoins) have a high probability of playing "catch up" when they trail world economy price trends for a sustained period of time.