Trump: There is No Inflation in the US, Prices are Falling
US President Trump stated that prices have fallen significantly and that there is almost no inflation. He also said that the tariffs imposed have brought trillions of dollars in revenue to the US. This statement is seen as a political rhetoric that contradicts current inflation data.
Possible Composition of the Fed Board: Trump’s Advantage
If Trump’s advisor Stephen Milan is approved, Trump will have at least three supporters on the Fed Board. If the court also allows Cook to be removed from office, Trump could secure a majority on the board. This scenario could directly influence the course of Fed policy at the September meeting.
Metaplanet Reaches 20,000 BTC
Japan-based public company Metaplanet purchased an additional 1,009 BTC, bringing its total holdings to 20,000 BTC. This purchase once again demonstrates that the company has placed Bitcoin at the center of its long-term reserve strategy. The company serves as an important example for institutional investors in Asia.
Michael Saylor Drops Hints with Bitcoin Tracker
Strategy President Michael Saylor shared the message “Bitcoin is still on sale” on social media. In previous instances, such posts were often followed by announcements of new BTC purchases. Therefore, Saylor is expected to announce a new purchase soon.
Tom Lee: Fed’s Mid-Cycle Rate Cut Has Begun
Tom Lee, head of research at Fundstrat, stated that the Fed has re-entered a mid-cycle rate cut cycle, creating uncertainty in US stock markets. Noting that September is historically the weakest month, Lee predicts that the S&P 500 could rebound after falling 5–10% in the fall. Low volatility in the VIX index is another indicator closely watched by investors.
Upcoming Token Unlocks
According to Token Unlocks data, large-scale unlocks are expected in the coming days. Tokens worth approximately $145 million for SUI, $27.1 million for ENA, and $12.8 million for IMX will be released. These unlocks could create short-term volatility in the markets.
dYdX v9.0 Upgrade Approved
The dYdX community has approved the v9.0 software update. The update includes innovations such as TWAP orders, referral revenue sharing, and a reduced set of proposers. This step aims to optimize the protocol’s performance and revenue sharing.
Ethereum Launches BETH Token
The Ethereum Community Foundation has launched the Proof-of-Burn token, BETH. Each BETH token represents proof on-chain of ETH removed from circulation. Joseph Lubin stated that ETH burning is a huge opportunity that could create new industries.
Simultaneous Outflows from Bitcoin and Gold ETFs
According to CryptoSlate, there were simultaneous fund outflows from both Bitcoin and gold ETFs. While only about $2 billion flowed out of Bitcoin ETFs at the end of August, $449 million flowed out of gold ETFs. This indicates that investors are postponing their search for safe havens due to the Fed’s policy uncertainty.
Companies Are Acquiring BTC Four Times Faster Than Miners
According to River’s report, companies are purchasing approximately 1,755 BTC per day. This amount is roughly four times the 450 BTC mined daily. ETFs and funds are also boosting demand, strengthening institutional appetite.
WLFI Stablecoin USD1 Launches on Solana
The WLFI project announced the launch of its stablecoin USD1 on Solana. USD1 will provide stability while the Solana network offers scalability. This development attracted significant interest from Trump supporters.
Trump Supporter Makes $8 Million Profit on WLFI
A Trump supporter spent $347,000 to purchase 23.14 million WLFI, and the value of this investment quickly rose to $8.5 million. The investor thus made a paper profit of over $8 million.
Weekly $441 Million Influx into BTC Spot ETFs
According to SoSoValue data, a total of $441 million flowed into BTC spot ETFs last week. BlackRock’s IBIT fund received the largest share with $248 million. Strong demand for ETFs is supporting the institutional side of the market.
Weekly $1.08 Billion Inflow into ETH Spot ETFs
Ethereum spot ETFs saw a total inflow of $1.08 billion last week. BlackRock’s ETHA fund alone attracted $968 million. This figure highlights the growing institutional interest in Ethereum.
