● The US Ethereum spot ETF saw a net inflow of US$99.8 million, the situation has improved, which is bullish.
● Grayscale Ethereum spot ETF had a net outflow of 26% in 11 days, and the outflow rate is expected to slow down. It is expected that the net outflow will be 50% within 50 days (until September 27), and the outflow rate will slow down again.
● Binance CEO Richard Teng: Binance recorded US$1.2 billion in net capital inflows in the past 24 hours. The dog dealers bought the bottom. It was one of the days with the highest net capital inflows in 2024.
● The entity “7 Siblings” holding $1.57 billion in assets quietly bought 56,093 ETH at the bottom, with an average purchase price of $2,305.
● USDC Treasury minted 50 million USDC on the Ethereum chain and issued additional u, which is a good thing and funds are buying at the bottom.
● The founder of Amaranth Foundation bought 4,336 ETH on the chain 11 hours ago, worth US$10.94 million, with an average price of US$2,523.
● CryptoQuant CEO: If BTC holds on to $45,000, it may break through its historical high again within a year.
● Tether Treasury transferred 50 million USDT to Bitfinex yesterday to buy at the bottom.
●BoJ Governor Uchida said they will not raise interest rates if the market is unstable.
● SOL/ETH has hit a new all-time high. The next thing to watch is whether SOL/BTC will also hit a new all-time high.
● International Cat Day 2024, held annually on August 8. The market often interprets these events as catalysts for memecoins (e.g. World Frog Day).
●The U.S. Treasury will begin buying back up to $46 billion worth of outstanding government securities in late October.
● $BABYDOGE - Baby Doge announced that the Solana bridge and the BabyDoge token on Solana are expected to be launched on September 5th.
● $DRIFT - Drift Protocol achieved $1B in daily volume during the recent market crash. The community will propose governance regarding token utility in August (DIP-2).
● $ENA - Ethena founder @leptokurtic_ hints at a big announcement this week (likely involving deployment on Solana).
● $OMNI - The Omni Network hinted at the release of a new product, expected to be a game.
● $RON - A white hat hacker notified Ronin Network that there may be a vulnerability in the Ronin bridge. All user funds are safe and the bridge will be audited before reopening.
● $SPEC - Spectral announced the upcoming release of Syntax V2. This update will include upgraded incentive and utility mechanisms.
Nasdaq and BlackRock’s application to add options to the Ethereum ETF has been published on the SEC website. The SEC’s final decision on this may be around April 9, 2025.
●According to @PeterLBrandt , the current post-halving correction is similar to the 2015-2017 cycle, and previous cycles suggest that new bull cycle highs may still be weeks away.
