News

Market Overview

The Bank of England is watching inflation data closely after forecasting the consumer price index could peak at 4% in September, with the UK’s inflation rate holding steady at 3.8% in August.
The Commerce Department released a report showing retail sales in the US rose by 0.6% in August, exceeding expectations and matching an upwardly revised increase in July.
Markets are waiting for the Fed’s interest rate decision and forward guidance due to be announced.

US Spot ETF Flows

BTC ETF Flows

ETH ETF Flows

Crypto Liquidations Summary

• Bitwise filed with the US SEC on Tuesday to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to track an index split between companies tied to stablecoins and tokenization.
• Pump.fun’s trading volume surged from $942 million on Sunday to $1.02 billion on Monday, coinciding with a broader increase in the memecoin market, with the memecoin market cap climbing to $83 billion on Sunday and holding above $80 billion on Monday, according to CoinMarketCap.
• Solana treasuries have amassed 17.11 million SOL tokens, valued at over $4 billion at current prices, as indicated by strategic Solana reserve data.
• Santander’s digital bank has launched crypto trading in Germany with plans to roll out the service in Spain.
• Circle has introduced native USDC to Hyperliquid and is considering becoming a network validator.
• Cipher, Terawulf, Iris Energy, Hive, and Bitfarms, several major cryptocurrency mining companies, saw their stocks rally sharply in September, outperforming Bitcoin despite unfavorable mining economics and decreased on-chain activity, as investors are rewarding miners pursuing GPU and AI pivots, according to The Miner Mag.