ππ€ Stablecoin reserves on exchanges hit a record $70 billion all-time high.
This massive pile of βDry Powderβ is a major bullish signal, sitting on the sidelines ready to pour into #BTC & altcoins.
This massive pile of βDry Powderβ is a major bullish signal, sitting on the sidelines ready to pour into #BTC & altcoins.
π° #SOL Forward Industries raised $1.65 billion to create Solana Treasury. businesswire
ππ #ETH spot volume is down over the past week, while altcoin volume is up.
ππ¦ #BTC entities holding 100β1K BTC (βsharksβ) have sharply ramped up accumulation. Over the past 7 days, their holdings grew by ~65K BTC. The pace of accumulation has grown as well, with a 30D net increase of 93K BTC. This group now holds a record 3.65M BTC.
π¨π³π China set to ban branches of internet giants and state-owned firms in Hong Kong from crypto and stablecoin activity, pushing focus on the real economy. caixin.com
π€ #LINEA Joseph Lubin, founder of Consensys, hinted at potential future rewards for users who hold LINEA. cointelegraph
πͺπΊπ #macro EUROPE:
ECB Rate = 2.15% (obid 2.15% / previously 2.15%)
Deposit Facility Rate = 2% (previously 2%)
ECB Marginal Lending Facility Rate = 2.4% (previously 2.4%)
ECB: further rate decisions will depend on data
ECB Rate = 2.15% (obid 2.15% / previously 2.15%)
Deposit Facility Rate = 2% (previously 2%)
ECB Marginal Lending Facility Rate = 2.4% (previously 2.4%)
ECB: further rate decisions will depend on data
π° #SOL BIT Mining Limited has acquired another 17,221 SOL.
β‘οΈπΊπΈ #macro US:
- Consumer inflation (CPI; July):
- m/m: 0.4% (prog: 0.3%; pre: 0.2%)
- y/y: 2.9% (prog: 2.9%; pre: 2.7%);
- Core (CPI) (y/y): 3.1% (prog: 3.1%; pre: 3.1%);
- Initial Jobless Claim: 237k (Prev: 237k)
- Consumer inflation (CPI; July):
- m/m: 0.4% (prog: 0.3%; pre: 0.2%)
- y/y: 2.9% (prog: 2.9%; pre: 2.7%);
- Core (CPI) (y/y): 3.1% (prog: 3.1%; pre: 3.1%);
- Initial Jobless Claim: 237k (Prev: 237k)
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ππ€ #BTC CQ: When the price falls below the cost basis level of Short-Term Holders, a discount effect is activated in the market - coins become cheaper than their average price and a real incentive to buy appears.
ππ°π₯³ #LINK Chainlink announced a joint project with DigiFT and UBS to automate tokenized fund transactions in Hong Kong.
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