On Thursday, the U.S. released data showing that the monthly rate of retail sales in July was 1%, higher than the expected value of 0.3% and higher than the previous value of 0.00%. The number of initial jobless claims in the week was 227,000, lower than the expected value of 235,000 and lower than the previous value of 233,000. The monthly rate of retail sales in the United States in July was 1%, the highest increase since January 2023, easing financial market concerns about the sharp slowdown of the U.S. economy. U.S. stock indexes opened higher, with the Nasdaq index rising 2% during the session and the S&P 500 index rising 1.5%, with the big cake lagging behind.
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The Australian Competition and Consumer Commission (ACCC) said that more than 58% of cryptocurrency ads on Facebook violated Meta's advertising policy and were scams. The U.S. Federal Trade Commission (FTC) said its commissioners voted 5-0 to pass new federal regulations that prohibit anyone from "selling or buying false social media influence indicators, including followers or views generated by robots or hijacked accounts." U.S. advertising lawyer Rob Freund said that any increase in views, saves, plays, subscriptions, likes, etc. through non-real means violates the new rules." Vanguard CEO Salim Ramji said the company would not copy its competitor (BlackRock) and would not launch a cryptocurrency ETF. ai_9684xtpa data shows that since August this year, Lido ETH pledge has had a net outflow for 12 consecutive days, with a total outflow of 74,304 ETH (about $194 million). Among them, JumpTrading redeemed 62,609 ETH from Lido. According to Coinglass data, if BTC falls below $57,000, the cumulative long order liquidation of mainstream CEX will reach $607 million. Marathon Digital said that the company has increased its holdings of 4,144 BTC (worth about $249 million) and its reserves exceed 25,000 BTC. Lookonchain data shows that since August 5, a total of $955 million in stablecoins have flowed from Tether to Kraken. Cynthia LoBessette, head of Fidelity Digital Asset Management, said that although the U.S. Securities and Exchange Commission (SEC) has not yet approved an ETF that can pledge ETH, this may change in the future because staking is an important part of ETH investment opportunities. It believes that it is more of a question of time rather than whether it will happen. Fidelity has had constructive dialogue with SEC staff to discuss the possibility of bringing a pledged ETH ETF to market. U.S. Senate Majority Leader Chuck Schumer said at the Crypto4Harris town hall meeting that the United States should find a balance for cryptocurrencies between promoting innovation and providing common-sense guardrails. Congress has the responsibility to provide common-sense and reasonable regulation, with the goal of having the Senate pass a bill and enact it into law by the end of this year.
On August 15, the US ETH spot ETF had a net inflow of $10.8 million; the BTC spot ETF had a net outflow of $81 million yesterday. According to Bitwise statistics, based on the 13F position report submitted to the US Securities and Exchange Commission (SEC), 44% of asset management companies increased their BTC ETF positions in the second quarter, 22% remained unchanged, 21% reduced their positions, and 13% liquidated. About 66% of institutional investors hold or increase their BTC positions through BTC spot ETFs (Form 13F is a quarterly regulatory report that all institutional investment managers with at least $100 million in assets under management must submit). According to the 13F report submitted to the U.S. Securities and Exchange Commission: Goldman Sachs and Morgan Stanley bought a total of more than $600 million in BTC spot ETFs in the second quarter, of which Goldman Sachs spent about $418 million on BTC spot ETFs, most of which were BlackRock IBIT (worth about $238 million); Morgan Stanley held BlackRock IBIT worth $188 million, making it one of the top five holders of the ETF, and also held smaller ARKB and Grayscale GBTC; Bank of America held $2.8 million worth of BlackRock IBIT, an increase of 31%; and $1.5 million of Fidelity FBTC, an increase of 21%. Hedge fund company D.E.Shaw increased its holdings of BTC spot ETFs by more than $170 million in the second quarter. The Wisconsin Investment Commission holds $99 million in BlackRock IBIT and $64 million in Grayscale GBTC. Vetle Lunde, an analyst at K33Research: The Norwegian sovereign wealth fund indirectly holds 2,446 BTC, an increase of 938 BTC from the end of last year. According to Lookonchain statistics, the address marked as "US government" has transferred a total of 15,940 BTC to Coinbase Prime in three times this year (10,000 BTC was transferred on August 15), worth about US$966.4 million. Within three days after the first two transfers, the price of BTC fell by about 5%. Analysts said that the US Department of Justice announced a partnership with Coinbase Prime last month to "protect and trade" large digital assets. Transfers to trading platforms usually indicate the intention to sell assets, and there is also the possibility of "only custody". Grayscale ETHE has outflowed 27.8% since its listing, and it is expected to outflow 50% within 72 days (October 29). Data released by the United States on Thursday showed that the monthly rate of retail sales in July was 1%, higher than the expected value of 0.3% and higher than the previous value of 0.00%, the largest increase since January 2023. The number of initial jobless claims for the week ending August 10 was 22.70,000, lower than the expected value of 235,000 and lower than the previous value of 233,000.
U.S. retail sales growth exceeded expectations in July, and lower-than-expected initial jobless claims data eased financial market concerns about a sharp economic slowdown. Economist Peter Cardillo said retail sales were much stronger than expected, reducing concerns about a recession and good news for the stock market. Analysts believe that the soft landing scenario for the economy is good and is a positive catalyst for the stock market, which may rise further. U.S. stock indexes opened higher, with the Nasdaq index rising 2% and the S&P 500 index rising 1.5% during the session, turning from rising to falling. The futures market raised the probability of a 25 basis point rate cut by the Federal Reserve in September to 74.5% from 65% on Wednesday night, and the probability of a 50 basis point rate cut fell to about 23.5%. Fed Musallem Cheng: No recession is expected in the next few quarters; U.S. GDP growth is expected to be between 1.5% and 2% in the second half of this year; the time for interest rate changes may be coming soon. From the latest 13F position form submitted to the SEC, it can be seen that in the second quarter, about 66% of institutional investors held or increased their BTC positions through BTC spot ETFs, including well-known investment banks such as Goldman Sachs, Morgan Stanley, and Bank of America. The spot BTC ETFs under BlackRock and Fidelity have a total of 31.6 billion US dollars in BTC. Unfortunately, Bitcoin did not rise, which may be due to the hedging of liquidation/sales of MtGox/Jump Trading German/American/Grayscale addresses in the second quarter. For example, Bitcoin turned from rising to falling today, and the downward pin "may be that the 10,000 BTC sent to CB by the US address yesterday is being sold" (the CB premium index short-term pinned to the intraday low of -0.0004%). The increase in holdings by leading institutions is in the hope that Bitcoin will outperform traditional stock markets under the conditions of monetary easing in the future. Historically, the cryptocurrency market has indeed performed well during monetary easing cycles. Unfortunately, the institutions that went bankrupt last year and the year before last have been liquidated recently, suppressing prices. I hope that this period of liquidation will end soon, and Bitcoin will remain the same. Its high volatility makes it outperform mainstream assets such as the US stock market. (Bitcoin is in an awkward situation during this period) #美国CPI数据连续第4个月回落 #新币挖矿TON #加密市场反弹
