I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

The U.S. core PCE inflation rose to 2.9% YoY, complicating the Fed's rate cut plans and impacting crypto markets. Fed's inflation gauge stabilizes at 2.6%, maintaining rate cut expectations, influencing crypto investment strategies. July PCE data shows persistent inflation, prompting Fed policy reviews, affecting Bitcoin's inflation hedge role. Treasuries hold gains as inflation data aligns with forecasts, supporting crypto market's risk-on sentiment. Fed's rate cut outlook remains firm amid stable inflation data, impacting crypto market dynamics.
2.

Crypto Market

Regulatory clarity improves with CFTC allowing foreign exchanges in the U.S., boosting competition. Institutional interest in crypto grows, with BlackRock acquiring Bitcoin and Ethereum seeing significant ETF inflows. Market sentiment remains neutral with a fear and greed index of 47, indicating cautious optimism. Altcoin season is in a transition phase, with selective outperformance in certain sectors. Smart money shows strategic asset reallocation, with whales moving between Bitcoin and Ethereum.
3.

This Week's Outlook

US PCE inflation data release will impact global markets, shaping expectations for the Fed's next MOVE on interest rates. Crypto market to unlock $4.5 billion in tokens, potentially affecting trading activity and liquidity. Eurozone CPI data for August will be released, providing insights into inflation trends in the region. Federal Reserve Beige Book release will offer an informal review of current economic conditions. ISM Services Index for August will be released, indicating the health of the US services sector.
Fear and Greed Index
68.00% Annual Percentile
47 Neutral
Total Crypto Market Cap
$3.76T
0.41%
Total Market Trading Volume
$163.30B
12.00%
Altcoin Season Index
83.33%
Quarterly Percentile
58 / 100
Total Futures Market Open Interest
3.87B
6.26%
Futures
978.74B
7.06%
Perpetuals

II. Industry Updates

Macro-economic Policies

1.

The U.S. core PCE inflation rose to 2.9% YoY, complicating the Fed's rate cut plans and impacting crypto markets.

2.

Fed's inflation gauge stabilizes at 2.6%, maintaining rate cut expectations, influencing crypto investment strategies.

3.

July PCE data shows persistent inflation, prompting Fed policy reviews, affecting Bitcoin's inflation hedge role.

4.

Treasuries hold gains as inflation data aligns with forecasts, supporting crypto market's risk-on sentiment.

5.

Fed's rate cut outlook remains firm amid stable inflation data, impacting crypto market dynamics.

1.

The CFTC has released new regulations allowing foreign exchanges to legally enter the U.S. market, enhancing competition and liquidity.

2.

Amplify Investments has filed for an XRP Monthly Option Income ETF with the SEC, aiming to offer investors exposure to XRP's price movements.

3.

The SEC is reviewing 92 crypto ETF applications, with Solana, XRP, and Litecoin expected to gain approval by October 2025, boosting institutional interest.

4.

Hong Kong plans to establish an international digital asset center, aiming to integrate capital markets with the digital asset industry for growth.

5.

Former PBOC Governor Zhou Xiaochuan warns of stablecoin risks, emphasizing the need for STRONG compliance and security measures in payment systems.

1.

Solana (SOL): Solana has surpassed Ethereum in speed and cost efficiency, processing 101 million daily transactions with fees as low as $0.0003, significantly outperforming Ethereum's transaction capabilities.

2.

Ethereum (ETH): Ethereum's strategic grant shift focuses on infrastructure and interoperability, aiming to enhance DEFI adoption and reduce costs, while maintaining a sustainable treasury strategy.

3.

USDC (USDC): Circle's launch of native USDC on the XDC Network enhances CROSS-chain liquidity and security, positioning USDC as a universal settlement LAYER for global trade and DEFI applications.

4.

Cardano (ADA): Cardano Foundation has revamped its Developer PORTAL to facilitate easier DApp development, reflecting its commitment to enhancing developer engagement and ecosystem growth.

5.

SEI (SEI): SEI blockchain, known as the "Nasdaq of DEFI," is gaining attention for its HIGH-speed, low-latency trading infrastructure, attracting institutional interest and expanding its ecosystem.

Smart Money Movements

1.

A Bitcoin whale sold 2,360 BTC for $260.75 million and acquired 49,850 ETH for $216.99 million, indicating a strategic asset reallocation.

2.

BlackRock acquired 227 Bitcoin valued at $24.6 million, reinforcing institutional confidence in Bitcoin amid market fluctuations.

3.

Ethereum saw $357 million in whale accumulation and $1.83 billion in ETF inflows, reflecting increased institutional interest.

4.

A Bitcoin whale deposited 1,000 BTC worth $108.35 million into HyperUnit for an Ethereum exchange, highlighting interest in ETH.

5.

A crypto whale sold 197 BTC for $21.35 million and opened a 3x leveraged short on 561 BTC, betting on a potential price decline.

Events to Watch

September 1 (Monday)

US PCE inflation data release will impact global markets, shaping expectations for the Fed's next move on interest rates.

September 1 (Monday)

Crypto market to unlock $4.5 billion in tokens, potentially affecting trading activity and liquidity.

September 2 (Tuesday)

Eurozone CPI data for August will be released, providing insights into inflation trends in the region.

September 3 (Wednesday)

Federal Reserve Beige Book release will offer an informal review of current economic conditions.

September 4 (Thursday)

ISM Services Index for August will be released, indicating the health of the US services sector.

III. Phemex Market Focus

New Listings

Mitosis is a cross-chain DeFi protocol transforming liquidity positions into programmable assets.
Cronos (CRO) is the native cryptocurrency token of Cronos Chain, developed by Crypto.com.
Camp Network is a Layer-1 blockchain for powering AI agents with user-owned IP.
Alt.town enables trading and value growth of virtual creators as digital assets.
CUDIS is building a Longevity protocol to extend health-span to 140 years.

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