Bitcoin couldn’t last any longer, now whales are in action

Yesterday, the spotlight in the USA Bitcoin While there was a total outflow of $81.4 million from ETFs, there was an inflow of $10.8 million from spot Ether ETFs. The bulletin prepared by the CoinTR Research Department includes developments in the cryptocurrency industry.

July Consumer Price Index (CPI) data in the US shows that inflation slowed to 2.9% and is at the lowest level in more than three years

According to the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% on a seasonally adjusted basis in July, reaching an annual rate of 2.9%. This increase was slightly below the 3% rate economists expected. While the increase in housing costs was the biggest factor, core CPI, excluding food and energy, increased by 0.2% monthly and 3.2% annually. These rates are the lowest since March 2021. Bitcoin price fell nearly 1% following the inflation report. Bitwise’s Juan Leon stated that the fact that inflation remains above 3% means that the Fed is not yet ready for an interest rate cut. Bitcoin is likely to experience an upward move as the market waits for interest rates to fall. At the same time, most economists expect interest rates to be cut by at least 25 basis points at the Fed meeting in September.

Marathon Digital purchased approximately 4,144 Bitcoins, worth $249 million, with some of the proceeds from a $300 million bond sale

With this acquisition, the company’s strategic Bitcoin its reserve exceeded 25,000 BTC. The remainder of the proceeds from the bond sale will be used for further Bitcoin purchases and general corporate purposes. Company, BitcoinIt sees ‘as a strategic treasury asset’ and continues its strategy of accumulating in this direction. However, Marathon’s shares are down 34% year-to-date, and the company’s second-quarter earnings fell short of expectations.

Brazil set to launch world’s first spot Solana ETF ahead of global markets

The world’s first Solana spot ETF is set to list on the Brazilian stock exchange, a move that could boost global interest in Solana. Approved by the Brazilian Securities and Exchange Commission (CVM) on August 7, the ETF is now awaiting approval from the Brazilian stock exchange B3. Manthan Dave, co-founder of Palisade, noted that Brazil’s crypto-friendly approaches could inspire the spread of Solana-based ETFs to other major economies. It is emphasized that it may take time for a similar ETF to be approved in the USA, but this could lead to a strong price increase for Solana. Additionally, in the current election environment in the US, the approval of the Solana ETF could have a major impact on the market. However, Bitcoin
Considering the years-long wait for ETFs, some experts do not expect immediate approval of the Solana ETF in the US.

MetaMask partners with Mastercard to launch a debit card pilot program with a self-custody wallet

MetaMask, in collaboration with Mastercard and Baanx, has launched a self-storage wallet debit card pilot program for users in the United Kingdom and the European Union. This card allows users to store their crypto assets until the moment of transaction and convert them into fiat money during payments. Users can set spending limits for the card via the Linea network and choose which ones to choose during payment.
crypto- They can choose to use the asset. The program aims to provide financial services to the world population that does not have access to banking services, especially in regions with high inflation. crypto- aims to facilitate payments. It is also emphasized that digital assets can expand banking services and that these services can be especially useful for people who do not have access to the banking system.