● The US Bitcoin spot ETF has a cumulative net inflow of US$17.88 billion, a record high
According to ChainCatcher, according to Farside Investors monitoring, the US Bitcoin spot ETF has accumulated a net inflow of US$17.88 billion since its launch, setting a record high.
BlackRock IBIT had a cumulative net inflow of US$20.707 billion; Fidelity FBTC had a cumulative net inflow of US$9.892 billion; and Grayscale GBTC had a cumulative net outflow of US$19.732 billion.
● The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 76%
According to BlockBeats, on August 24, according to CME's "Fed Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 76%, and the probability of cutting interest rates by 50 basis points is 24%.
● Mt. Gox wallet bitcoin holdings have dropped by 77%
According to PANews, Arkham monitoring shows that since the beginning of 2021, Mt. Gox wallets have held a total of 141,690 bitcoins, with a market value peaking at $10.12 billion in March 2024. Currently, Mt. Gox wallets hold 32,900 bitcoins (about $2.11 billion), accounting for about 23% of what they held at the beginning of 2021, and their holdings have decreased by about 77%.
According to PANews, Singapore crypto investment institution QCP Capital published a statement saying that BTC has easily returned to the familiar range of $61,000 to $70,000, the selling supply is slowly decreasing, and the spot ETF has seen net inflows in 10 of the past 12 days. Although Nvidia's earnings report next week and the interest rate cut in September are significant, spot prices will continue to fluctuate in this range until the fourth quarter. QCP Capital still believes that the US election and seasonal bullish factors may be catalysts for record highs.
● TON issued a statement on the arrest of Telegram CEO: TON will continue to operate in full
According to BlockBeats, on August 25, TON issued a statement on the "arrest of Telegram CEO", "asking everyone that the TON community is still strong and fully operational."
According to Odaily Planet Daily, DeFiLlama data shows that the transaction volume of DEX on the BSC chain exceeded US$908 million yesterday, ranking second only to Ethereum. At the same time, the transaction volume of DEX on the BSC chain has exceeded Solana for three consecutive days.
●Meta halts development of next-generation headset due to poor market outlook
According to Cointelegraph, Meta’s Reality Labs division has stopped development of the next generation of headsets due to concerns that product sales will not be enough to support production costs. This decision was made after CEO Mark Zuckerberg participated in a product update meeting.
