Jeanna Beyt m7HT

Asia Pacific Morning Brief highlights significant crypto developments. U.S. stagflation fears concern markets, while Fed rate cut probabilities fluctuate. Stephen Miran joins Fed, supporting interest rate cuts. Ethereum's price surges past $4,300 after Fed's Bowman suggests three rate cuts. BlackRock withdraws large funds from Bitcoin and Ethereum ETFs, creating market uncertainty. Upcoming U.S. CPI data crucial for rate cut forecasts.

#ETH4500Next?

$BMNR jumps 12%; $SBET up 8%; $Circle, $Robinhood, $Strategy rise 2%. $ZORA hits record at $0.12 amid Coinbase hype. LayerZero eyes $110M Stargate acquisition, phasing out $STG for $ZRO. Bitcoin dominance drops to 60.5% as altcoins gain. CME sees 88.4% chance of Fed rate cut. Crypto kidnapping concerns grow. Whale losses mount. JD enters Web3. Macro data and Bitcoin resistances signal market shift. Bulls and bears conflicted, cautious optimism prevails.

This week, the crucial economic event is the CPI release on Tuesday, potentially influencing global markets. Additionally, Friday’s Trump-Putin meeting could ease Russia-Ukraine tensions, impacting economies worldwide. Bitcoin's short-term volatility is dropping, while Ethereum remains volatile above $4,300. Both CPI data and geopolitical events may affect investor sentiment and crypto markets.

#ETH4500Next?

#altcoins #BinanceAlphaAlert
Amid rising altcoin interest, Strategy's Michael Saylor remains committed to Bitcoin. In a Bloomberg interview, Saylor emphasized Bitcoin's dominance as 'digital capital,' predicting it will outperform the S&P 500. Strategy's latest Bitcoin purchase increased its holdings to 628,791 BTC. While Saylor stays firm, institutional interest moves towards Ethereum for its adaptability and staking yields. Industry experts note a shift from exclusive Bitcoin treasuries to diverse crypto assets.

#blackRock
BlackRock has no immediate plans for an XRP ETF despite its bitcoin and ether ETF ventures. Investors are puzzled by this, especially after the SEC and Ripple Labs sought dismissal of ongoing appeals, signaling an end to their legal battle. BlackRock cites limited client interest outside BTC and ETH, and regulatory uncertainties. Competitors like ProShares have filed for XRP ETFs, but BlackRock remains cautious, focusing on markets with stronger demand for its products.

#ENA
Ethena's USDe stablecoin hits a $10B market cap in 500 days, becoming one of the fastest-growing stablecoins. Despite comparisons to the ill-fated Terra UST, Ethena's strong governance and risk controls, including diverse DeFi collateral, aim to mitigate risks. With potential listings on Binance or OKX and the Converge blockchain launch, Ethena's future looks promising. The ENA token trades at $0.7759, up 3% in 24 hours.

#XRPPredictions
XRP's growth has slowed since Friday, trading sideways as volatility decreases. It faces resistance at $3.30 and support at $3.22. Previously, XRP gained 20% from Aug 3-7. The market now shows reduced volatility and a wait-and-see approach. The Average True Range and Elder-Ray Index indicate potential for bearish momentum. A drop below $3.22 could lead prices to $2.99, while surpassing $3.33 might trigger a rise to $3.66.

$ETH IS DOMINATING! 🚀
#ETH4500Next?

PUMP, Pump.fun's native token, drops 6%, underperforming other meme coins. Despite this, Pump.fun introduces the Glass Full Fund to boost liquidity for promising tokens on Solana. The fund aims to stabilize meme coins by injecting capital, fostering market health. However, the market response to PUMP remains sluggish. Pump.fun's ongoing token buyback, now over $12 million, seeks to strengthen its market position.

#pumpiscoming

ETH surges past $4,300, dragging the ecosystem up with it. Vitalik Buterin’s on-chain assets exceed $1B. Base tokens and LDO show strong gains; USDe market cap hits $10B. LINK rises 26% in a week, Altcoin market cap boosts over 11.94%, signaling the start of Altcoin season. Arthur Hayes sells significant crypto holdings, maintaining long ETH positions. Markets note a powerful ETH lead and strategic long-short defenses amid cautious sentiment.

#altcoins

Bo Hines steps down as White House Crypto Council Chief to return to private sector after 8 months, continuing as a special government employee in AI initiatives with David Sacks. Patrick Witt, his deputy, to lead. Hines's leadership marked by steering crypto regulations and innovations. Transition highlights rise of public leaders to private roles and convergence of crypto and AI policy. Official handover date remains unconfirmed but is imminent.

#USFedBTCReserve

USDe, Ethena’s synthetic stablecoin, has surpassed a $10 billion market cap just 500 days post-launch. This rapid growth highlights the increasing appeal of flexible synthetic stablecoins in the crypto ecosystem. Unlike traditional collateral-based coins, USDe replicates value using digital assets, enhancing scalability and transparency. Despite benefits, it faces technical and market challenges in maintaining stability and governance.
#ethena
#

In 24 hours, 69,400 Ethereum (ETH) entered centralized exchanges (CEX), indicating active market engagement. Binance led with 92,800 ETH inflows, signifying its key role. Bitfinex and Coinbase Pro saw significant withdrawals of 17,300 and 3,490 ETH, respectively, highlighting investor strategies. This movement reflects market sentiment and liquidity dynamics.

#ETH4500Next?

#whitehouse #CryptoIn401k #BinanceHODLerPROVE
Bo Hines, head of the White House Crypto Council, will resign to rejoin the private sector. Serving since December, Hines led policy shaping on digital assets and blockchain innovation. He’ll remain as a special government advisor on AI initiatives alongside David Sacks. Deputy Patrick Witt is expected to succeed him. This shift comes amid crucial regulatory developments in the crypto industry.

#solana
Solana (SOL) has soared 10% this week amid increased optimism in the crypto market, trading within an ascending parallel channel. The bullish trend is reinforced by its RSI at 57.63, suggesting strong buying pressure. Solana's Elder-Ray Index is also positive, indicating buyer dominance. Currently at $181.82, SOL faces resistance at $186.52, with potential to break $190 if buying interest persists.

Bitcoin advocate Michael Saylor shared an AI-generated image of himself as Indiana Jones, emphasizing Bitcoin's superiority over gold. His firm, Strategy, recently added 21,021 BTC, raising its holdings to 628,791 BTC, valued at over $71 billion.

World Liberty Financial, tied to the Trump family, plans a bold $1.5 billion entry into the crypto treasury market, drawing investor interest. The initiative involves public listing and holding WLFI tokens. This follows recent stablecoin ventures like USD1. Despite potential risks with less liquid tokens, the move aligns with Trump's broader pro-crypto agenda. As talks advance, this high-profile effort is set to spark significant attention.

Sui (SUI) surged 4% to $3.82 after Swiss digital asset bank Sygnum expanded services to include custody, trading, and lending for institutional investors. This move, alongside Amina Bank's adoption of SUI, increased trading volumes and indicates broader blockchain integration. With SUI's 7% monthly rise, Swiss banks are enhancing regulatory-compliant access to blockchain for asset managers and high-net-worth clients.

Chainlink shows signs of a new bullish cycle with the launch of Chainlink Reserve, a strategic fund for long-term LINK accumulation. The Reserve won’t release tokens for years, signaling commitment to stability and growth.

Whale accumulation rose by 4.2% in August, indicating interest despite current market conditions. Analysts highlight a strong $13 support, with potential targets at $46 if bullish trends continue. LINK trades at $19.35, up 15.3%.

Binance collabs with BBVA to let crypto holders secure assets in U.S. Treasury Bonds. This marks a key shift where traditional finance meets digital assets, enhancing security post-FTX scandal. The partnership supports Europe's regulation focus, aligning with Spain's MiCA rules. BBVA's authorized services ensure compliance, boosting institutional confidence in crypto security standards.