1. Bitcoin spot ETF had a total net inflow of US$295 million yesterday, a new high in the past 21 days

Yesterday, Grayscale ETF GBTC had a net inflow of $25.0753 million in a single day. The Bitcoin spot ETF with the largest net inflow in a single day was BlackRock ETF IBIT, with a net inflow of $187 million in a single day, followed by Fidelity ETF FBTC, with a net inflow of $61.5378 million in a single day. It is worth noting that yesterday was also the day when the German government sold the largest amount of Bitcoin. According to Lookonchain monitoring, the German government address transferred out 16,039 BTC (US$915.3 million) in the past 24 hours. It currently still holds 27,461 BTC (US$1.55 billion).

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2. Citi: The Federal Reserve will cut interest rates for the eighth time in a row starting in September

Analysts at Citi Research expect the Federal Reserve to begin cutting interest rates sharply within a few months and continue until next summer. It is expected that the Federal Reserve will cut interest rates by 25 basis points eight times starting in September this year, and cut interest rates by 200 basis points by July 2025, reducing the benchmark interest rate from the current 5.25%-5.5% to 3.25%-3.5%. Citi pointed out that signs of economic slowdown and weakening inflation, as well as rising unemployment and negative service industry indexes, have increased the risk of a sharp weakening of economic activity and a faster pace of interest rate cuts.

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3. The German government address transferred 6,307 BTC to Kraken and other addresses today

The German Goverment transferred 400 BTC to Kraken at 15:31 UTC+8 today, worth approximately $22.91 million; 2,500 BTC to the suspected B2C2 Group: 139PoP…H7ybVu, worth approximately $143 million; and 200 BTC to an unmarked address: bc1qu3…guzr4j, worth approximately $11.45 million. At the same time, the German Goverment transferred 400 BTC to Kraken at 17:25 UTC+8 today, worth about 23.02 million US dollars; transferred 106.958 BTC to Cumberland DRW, worth about 6.16 million US dollars; transferred 2,500 BTC to the suspected B2C2 Group: 139PoP…H7ybVu, worth about 144 million US dollars; transferred 200 BTC to the unmarked address: bc1qu3…guzr4j, worth about 11.51 million US dollars.

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4. TRM Labs: Hackers stole $1.38 billion in cryptocurrency in the first half of 2024

According to TRM Labs data, the value of cryptocurrencies stolen by hackers in the first half of 2024 reached $1.38 billion, more than double the $657 million in the same period last year. The top five hacker attacks this year accounted for 70% of the stolen amount. The main attack methods include private key and mnemonic phrase leaks. The largest theft this year was the theft of more than $300 million in Bitcoin from the Japanese DMM Bitcoin exchange.

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5. Cboe Files Form 19b-4 for VanEck and 21Shares Solana ETFs with SEC

Cboe BZX compared these products to the spot Ethereum ETF and Bitcoin ETF approved in the past year, arguing that Solana is resistant to price manipulation. Bloomberg ETF analyst Eric Balchunas tweeted that the final deadline for the Solana ETF will be mid-March 2025. But before that, the most important date is November. If Biden wins, these ETFs will most likely not be approved. If Trump wins, anything is possible.

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