Crypto Assets Market Today News

Macroeconomic Dynamics

The probability of the Federal Reserve lowering interest rates in September has risen to 93.6%. CME data shows that the market expects the probability of the Federal Reserve keeping rates unchanged in September is only 6.4%, while the probability of a 25 basis point cut is as high as 93.6%. The cumulative probability of a 50 basis point cut in October reaches 64%.

Roman Storm, the founder of Tornado Cash, has been convicted of operating an unlicensed money transmitting business. A Manhattan jury found Storm guilty of conspiracy to operate an unlicensed money transmitting business, but could not reach a consensus on the charges of money laundering and sanctions violations. Organizations such as the DeFi Education Fund have stated they will continue to support Storm and urge him to appeal.

Market Analysis

Glassnode analysis states that the cost line for short-term Bitcoin holders is at $106,000. If it cannot break through the resistance at $116,900, it may fall to $110,000. Currently, the Bitcoin price has dropped below the lower limit of the $116,000 supply zone, entering a liquidity "gap zone." The profit rate for short-term holders has decreased to about 70%, but the lack of significant demand may lead to weakened confidence.

Sentora data shows that about 95% of Bitcoin addresses are in profit, with the range of $116,000 to $119,000 potentially serving as resistance. Bitcoin's volatility remains around 20%, showing a long-term downward trend. At the same time, the correlation between Bitcoin and traditional financial markets is gradually increasing, especially the correlation with the S&P 500.

Standard Chartered Bank believes that the Ethereum fund management company currently has "extremely high investment value", better than the US spot ETH ETF. Its net asset value multiple has started to normalize and is expected to remain above 1. The ETH fund management company can better leverage the rise in ETH prices, staking rewards, and the growth of each share of ETH.

Project Dynamics

Binance Alpha will launch the INFINIT (IN) token, and holding at least 200 Binance Alpha points will allow you to receive 500 IN airdrops.

Jupiter has launched the customizable and RPC-free Jupiter Plugin, allowing users to integrate the Swap function into their applications with less effort.

MetaMask has integrated the Sei blockchain, and the total number of supported blockchains now reaches 11.

Orca DAO proposes to stake 55,000 SOL and launch a two-year ORCA buyback plan.

Important Data

Ethereum spot ETF saw a net inflow of $35.1243 million yesterday, with only Grayscale Ethereum Mini Trust ETF ETH experiencing a net outflow.

The Bitcoin spot ETF had a net inflow of $91.5543 million yesterday, turning into a net inflow after four consecutive days of outflows.

A mysterious whale/institution has created 5 wallets and increased its holdings of over $500 million in ETH in the past 3 days.

Financing Dynamics

The infrastructure Blindpay has completed a $3.3 million seed round financing, with participation from Y Combinator and others.

The UK blockchain project BOB has raised a total of $21 million, with participation from Amber Group and others.

The decentralized prediction market Bayes Market has completed a $2 million strategic funding round.

The AI native ERP platform Rillet has completed a $70 million Series B financing, led by A16z and ICONIQ.

SuperGaming raised $15 million in Series B funding from investors including A16z and Polygon, reaching a valuation of $100 million.

Institutional Dynamics

The Japanese fashion brand ANAP increased its holdings by 82.33 BTC, bringing its total holdings to 913.45 BTC.

Hong Kong-listed company Yisou Technology has made a strategic investment of 50 million USD in Lightnet to build the RWA ecosystem.

Delin Holdings plans to raise HKD 653.3 million to focus on the development of blockchain, RWA, and virtual asset businesses.

Crypto investment startup Parataxis is set to raise $640 million to support BTC purchases after merging with SilverBox Corp IV.

Cosmos Health signs a financing agreement of up to $300 million to launch the ETH treasury strategy.

Empery Digital purchased another 88 BTC, holding more than 4000 coins.

ZOOZ completed its first round of $5 million private placement, planning to allocate 95% of the funds to build a Bitcoin reserve.