● The Fed's mouthpiece forecasts July CPI data, with core CPI year-on-year growth possibly rising to 3.1%.
According to Jin10 data, the Fed's mouthpiece Nick Timiraos stated that the July CPI data to be released this week is expected to show a month-on-month increase of 0.31% for core CPI, with a year-on-year growth rate of 3.1%, continuing to rise from 2.9% in June and 2.8% in May; overall inflation is expected to increase by 0.24% month-on-month, with a year-on-year growth rate of 2.8%.
● On-chain data shows that 97% of Ethereum holders are in a profit state.
ChainCatcher reports that the on-chain analysis platform Sentora (formerly IntoTheBlock) revealed that currently 97% of Ethereum (ETH) holders are in profit, with only 1% in a loss state.
● CICC: The US economy faces stagflationary pressures brought on by 'double highs'.
Jin10 data cites a research report from CICC pointing out that the US economy has entered an era of 'double highs' in tariffs and interest rates, revealing stagflationary pressures. Tariffs have pushed up import costs, increasing the burden on businesses and consumers, suppressing overall demand; the Fed has not cut interest rates due to inflation, and high interest rates are hindering the recovery of interest-sensitive industries such as real estate, exacerbating the pressure of economic growth slowdown, and the labor market also faces challenges.
● Analysts from Deutsche Bank warn: A reduction in US Treasury investments may lead to a weakening of the dollar.
ChainCatcher reports that Thu Lan Nguyen, an analyst at Deutsche Bank, stated that if instability and unpredictability in US policies lead foreign investors to reduce their purchases of US Treasuries, the dollar may weaken. Foreign investors have been providing capital to support the growth of US wealth, and a reduction in investment due to concerns about returns could trigger deleveraging, accompanied by a sharp depreciation of the dollar.
● Last week, the digital asset sector saw a net inflow of $572 million, with Ethereum ETP performing outstandingly.
BlockBeats reports that CoinShares' latest weekly report shows a net inflow of $572 million in digital asset investment products for the week of August 11. Among them, the US saw an inflow of $608 million, Canada had an inflow of $16.5 million, while Europe saw an outflow of $54.3 million. The Ethereum ETP attracted $268 million in inflows, reaching a year-to-date high of $8.2 billion in inflows, with total assets at $32.6 billion; Bitcoin saw an inflow of $260 million, while shorting Bitcoin saw an outflow of $4 million; Solana, XRP, and Near saw inflows of $21.8 million, $18.4 million, and $10.1 million respectively.
● South Korean retail investors are enthusiastic about BitMine, net buying $259 million since early July.
ChainCatcher states that BitMine has become the most favored overseas stock among South Korean retail investors, net buying $259 million in its shares since early July. BitMine plans to replicate Michael Saylor's strategy, focusing on Ethereum, with its current Ethereum holdings valued at $3.6 billion, ranking first globally. Its stock price surged over 3000% in July but later plummeted by 62%.
● Trump Media Technology Group submits revised registration statement for Bitcoin ETF.
ChainCatcher reports that the Trump Media Technology Group (DJT.O) has submitted a revised registration statement for a Bitcoin ETF, stating that the ETF will directly hold Bitcoin and offer shares to investors, aiming to reflect Bitcoin's price performance.
● NASDAQ-listed BNC purchased 200,000 BNB, with a transaction amount of approximately $160 million.
NASDAQ-listed BNB Network Company (stock code BNC) purchased 200,000 BNB, with a transaction amount of approximately $160 million. This transaction was led by 10X Capital, with participation from YZi Labs, supporting the company's financial strategy surrounding BNB. Additionally, BNB Network Company has completed a management restructuring, appointing David Namdar, co-founder of Galaxy Digital, as CEO, and adding former CalPERS chief investment officer Russell Read and former Kraken executive Saad Naja to the management team.
