US Inflation Data: August CPI 2.9%, Core 3.1%
According to Jinshi, US August CPI was 2.9% yoy (previous 2.7%), up 0.4% mom. Core CPI was realized as 3.1% yoy and 0.3% mom, in line with expectations. These data suggest that the Fed should still remain cautious on the inflation outlook.
Bitcoin Wallets on the Move After a Year
According to Whale Alert data, two long inactive wallets have been reactivated. The first one opened after 13.1 years and contained 300 BTC ($3,564 in 2012, ≈$34.18M today). The second wallet was activated after 13 years and held 444 BTC (≈$50.68M). The reactivation of these long dormant addresses has led markets to speculate on the possibility of early BTC holders selling or repositioning.
Virtuals Protocol: 2,880 ETH → 110.16 cbBTC Swap
According to on-chain analysts, Virtuals Protocol exchanged 2,880 ETH (≈$12.67M) for 110.16 cbBTC. They had previously exchanged ETH for 73.399 cbBTC on June 11th. Their quarterly return of 58.3% outperformed BTC’s 42.3% and they are currently sitting on ≈$4.67M in profit.
21Shares AG has expanded its product range in Europe, listing the 21Shares dYdX ETP (DYDX) on the Paris and Amsterdam exchanges. The 2.5% fee product is fully physically backed and tracks the performance of DYDX. 21Shares’ total number of crypto ETPs in Europe has thus reached 48.
Giant SOL Exit from Galaxy Digital
Galaxy Digital has withdrawn 920,000 SOL (≈$205M) from Binance, according to SolanaFloor data. The move comes after the firm previously led the $1.65 billion SOL funding.
WLD Transfer from Selini Capital to Amber Group
Worldcoin investor Selini Capital has transferred 900,000 WLD (≈$1.57M) tokens to Amber Group. This was the address’s first external transfer in a year. Selini previously bought 2.5M WLD tokens at a price of $1.73.
Japanese Fashion Brand ANAP Increases BTC Reserve
According to NLNico data, Japanese fashion brand ANAP bought another 29.58 BTC. Thus, the total BTC reserve reached 1,047.56 BTC.
USDC Treasury Burned 55M USDC
Whale Alert detected that USDC Treasury burned 55M USDC (≈$54.99M) on the Ethereum chain. Such burns are carried out to regulate supply and maintain a stable 1:1 dollar balance.
Glassnode: Record BTC Accumulation from Mid-Sized Wallets
According to Glassnode data, wallets holding between 100-1000 BTC have purchased 65,000 BTC in the last 7 days. Thus, the total BTC holdings of this group reached a record high of 3,650,000 BTC. This accumulation shows that the confidence of medium-sized institutional actors in the markets is growing.
Big Transaction from Trend Research: 80M USDT to Binance, 9,377 ETH Withdrawal
According to Ember, two addresses associated with Trend Research borrowed 80M USDT from Aave and transferred it to Binance, then withdrew 9,377 ETH (≈$41.37M) from Binance. They also withdrew 34,000 ETH (≈$150M) last week. Currently, these addresses have a total reserve of 43,377 ETH (≈$192M).
National Crypto Bank Proposal in Russia
Evgeny Masharov, a member of the Russian Public Council, has proposed the creation of a national crypto bank to register multi-billion ruble gray market transactions, following the example of Belarus. The bank will only allow fiat investments by Russian citizens and offer compliant sales channel to local miners.
BIT Mining Acquires Another 17,221 SOLs
NYSE-listed BIT Mining increased its reserves to 44,000 SOL (≈$9.95M) with the purchase of 17,221 SOL. The company is growing its presence in the Solana ecosystem alongside infrastructure investments.
New Wallet Receives $82M Worth of ETH
According to Onchain Lens, a newly created address received 18,514 ETH (≈$82M) from FalconX. This is notable as a large institutional transfer.
JPMorgan: MicroStrategy’s S&P 500 Rejection Is a Warning for Companies with Bitcoin Reserves
According to CoinDesk, MicroStrategy’s (MSTR) application to join the S&P 500 was rejected. JPMorgan noted that this is a sign of the market’s cautious approach towards companies with BTC reserves. While the strategy has been included in indices such as the Nasdaq 100 and MSCI, the S&P 500’s decision may indicate that this trend has reached its limit.
