News

Market Overview

U.S. Pledges Support for Argentina’s Economy and Javier Milei: Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei, indicating potential significant economic support.
The European Union is considering delaying a ban on imports linked to deforestation, a decision that could have significant trade and environmental implications, as trading partners, including the US, and member states pressure Brussels to postpone the climate law for a second time.
Eurozone Flash PMI Data Due: Flash composite purchasing managers’ survey results from the euro area and the UK are the top economic news due on Tuesday, with France’s flash composite PMI survey results forecast to edge up to 49.9 in September from 49.8 in the previous month.

US Spot ETF Flows

US BTC Spot ETF Flows

US ETH Spot ETF Flows

Crypto Liquidations Summary

• Overleveraged crypto traders were liquidated out of nearly $2 billion in one of the year’s largest market flush-outs on Monday, in what some analysts blame on technical factors rather than weakening market fundamentals. 
• Strategy recently acquired $99.7 million in bitcoin, increasing the total bitcoin holdings to 639,835 BTC, valued at approximately $47.3 billion.
• A major HYPE whale investor started withdrawing their HYPE tokens after nine months of holding, standing to realize an unrealized profit of about $90 million from the transaction.
• Strive has become one of the world’s top corporate Bitcoin holders after purchasing $675 million worth of Bitcoin and merging with Semler, resulting in a treasury company that holds approximately 10,900 BTC.
• Bitmine Immersion Technologies, a leading Ethereum treasury, has announced $365 million in new funding and disclosed that it now holds 2.416 million Ethereum, equivalent to over 2% of the total Ethereum supply.