It has been revealed that BitMine holds 1,523,373 Ethereum (ETH). On the 18th (local time), Strategic Ether Reserve announced via X (formerly Twitter) that "BitCoin purchased 373,110 ETH, becoming the second-largest holding company," and stated, "This means they own 1.26% of the total Ethereum supply." Previously, BitMine reported that it holds 1,523,373 ETH. This amounts to approximately $6,612,000,000, with an average purchase price of $4,326.
BTCS, a Nasdaq-listed company, plans to pay dividends in Ethereum. On the 18th (local time), BTCS announced through X (formerly Twitter), "We plan to distribute dividends to shareholders in Ethereum," and added, "This will be a one-time payment, and shareholders will receive ETH equivalent to $0.05 per share as a dividend." In addition, BTCS will convert its equity to a book-entry system, and shareholders holding shares by January 26 of next year will receive an additional ETH equivalent to $0.35. BTCS stated, "Qualified shareholders will receive up to $0.40 worth of Ethereum per share", and continued, "We are pleased to become the world's first listed company to pay dividends in Ethereum."
It has been revealed that Strategy purchased an additional 155 Bitcoin (BTC). The value is approximately 71.3 billion₩. On the 18th (local time), Michael Saylor, founder of Strategy, announced via X (formerly Twitter), "Strategy has acquired an additional 430 BTC ($51.4 million)," and added, "The average purchase price per 1 BTC is about $119,666." He further stated, "As of this year, we have achieved a return of 25.1%." Currently, Strategy holds a total of 629,376 BTC. This amounts to about $46.15 billion, with an average acquisition price of $73,320.
There was a claim today that the capital flows of Ethereum (ETH) spot exchange-traded funds (ETFs) will indicate the investment direction of institutions. On the 18th (local time), Glassnode stated on X (formerly Twitter), "Last week, 649,000 ETH was added to Ethereum spot ETFs," and, "Ethereum rose up to $4,740 before entering a correction phase." They continued, "Today's Ethereum ETF flows will show the direction institutions will take going forward," and added, "We should pay attention to whether they pursue more dip buying or start taking profits." As of 7:59 p.m., based on the Binance USDT market, Ethereum is trading at $4,263, down 6.75% from 24 hours ago.
The Fear & Greed Index for virtual assets (cryptocurrencies) fell by 4 points compared to the previous day, indicating a cooling of speculative sentiment. The Fear & Greed Index is an indicator that reflects market sentiment: the closer to 0, the more extreme the fear; the closer to 100, the more extreme the greed. On the 18th (local time), the Fear & Greed Index provided by the virtual asset analytics firm Alternative currently stands at 60 out of 100, maintaining the 'Greed' stage. The index dropped by 4 points from the prior day's 64, suggesting the market's speculative sentiment is easing. As of 7:37 AM, according to the Binance USDT market, Bitcoin (BTC) is trading at $115,148, down 2.67% from 24 hours earlier. The Fear & Greed Index is calculated based on various factors: volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and Google search volume (10%).
BlackRock's Ethereum (ETH) spot exchange-traded fund (ETF), ETHA, has been found to have a market share close to 58%. On the 18th (local time), CryptoQuant announced via X (formerly Twitter), "BlackRock's ETHA accounts for 58% of the total Ethereum ETF market," and stated, "Ethereum’s upward momentum has been driven by BlackRock and ETFs." Meanwhile, according to the data, BlackRock currently holds 3,490,450 ETH.
Global cryptocurrency exchange Binance will list Plume (PLUME). On the 18th (local time), Binance announced on its official website, "Plume has been selected for the 32nd Holder Airdrop Project" and stated, "The spot trading pair is scheduled to be listed at 00:00 (KST) on the 19th."
With the volume of Tether (USDT) transfers surging on the Tron (TRX) network, an analysis has emerged suggesting that the cryptocurrency market correction may continue. On the 18th (local time), BorisD, a contributor to CryptoQuant, stated in a report, "The volume of USDT transfers on the Tron network has surged," and added, "Ordinary retail investors tend to transfer USDT to exchanges near the market peak." He continued, "Accordingly, the surge in USDT transfers is a sign that the market correction is likely to continue," and "The likelihood of Bitcoin's decline persisting is also high."
Last week, global virtual asset (cryptocurrency) investment products recorded an inflow of $3.75 billion (₩5,196.8 billion), marking the fourth largest inflow ever. On the 18th (local time), CoinShares reported, "Last week, virtual asset investment products saw an inflow of $3.75 billion, which is the fourth largest weekly inflow on record," adding, "This is a strong rebound surpassing several weeks of weak inflows." The report also stated, "Assets under management (AUM) of global virtual asset investment products reached $244 billion, hitting an all-time high." By asset, Ethereum (ETH) products ranked first with a net inflow of $2.87 billion. The report noted, "This is an all-time high for weekly inflows, accounting for 77% of total product inflows," and added, "Year-to-date inflows also reached $11 billion, setting a new record." Bitcoin (BTC) products came in second with $552 million of inflow. The report stated, "Bitcoin saw a relatively smaller amount of capital inflow," and added, "Short (sell) Bitcoin products recorded an inflow of $4 million." Major altcoins also performed well. XRP and Solana (SOL) saw net inflows of $125.9 million and $176.5 million, respectively. On the other hand, Litecoin (LTC) and The Open Network (TON) experienced outflows of $4 million and $10 million, respectively. By country, the United States led the inflows. U.S.-based virtual asset products alone saw a net inflow of about $3.73 billion, accounting for 99% of the total. Canada, Hong Kong, and Australia saw inflows of $33.7 million, $20.9 million, and $12.1 million, respectively. In contrast, Sweden and Brazil experienced net outflows of $49.9 million and $10.6 million, respectively.
On the 18th, treasury bond yields rose across the board. On this day at the Seoul bond market, the yield on 3-year maturity treasury bonds closed at 2.426% per annum, up 2.2bp (1bp=0.01% point) from the previous trading day. The 10-year yield climbed 5.0bp to record 2.837% per annum. The 5-year yield rose 3.6bp to 2.592% per annum, and the 2-year yield went up 1.4bp to close at 2.374% per annum. The 20-year yield jumped 4.1bp to reach 2.862% per annum. The 30-year and 50-year yields each increased by 3.1bp, recording 2.757% and 2.635% per annum, respectively. Oh Se-seong, Hankyung.com journalist sesung@hankyung.com
It has been suggested that the key support level for Solana (SOL) is at $171. On the 18th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter), "The key support level for Solana is at $171," adding, "A total of 12.4 million Solana has been bought at this price range." As of 4:48 PM, Solana is trading at $180 on Binance USDT market, down 6.03% from 24 hours ago.
Despite the decline of Bitcoin (BTC), it has been claimed that the outlook for altcoins is positive. On the 18th (local time), Negentropic, the co-founder of Glassnode, stated on X, "Despite Bitcoin's decline, altcoins have shown resilience," adding, "This is a strong signal that the altcoin rotation cycle is in progress." He further commented, "Bitcoin is testing $113,000, and its dominance is falling," and noted, "This could have a positive effect on Ethereum (ETH) and altcoins." He concluded, "The altcoin rotation cycle remains valid."
An analysis suggests that Bitcoin (BTC) could fall as low as $112,000. On the 18th (local time), Matrixport stated in a report, "We are not significantly concerned about Bitcoin's downward trend," but added, "Ahead of the Fed's September rate decision, Bitcoin could drop to $112,000." The report further explained, "This has been influenced by the market's cautious attitude." It continued, "No significant bullish catalyst is expected from the Jackson Hole Meeting," emphasizing, "the most important event is the Federal Open Market Committee (FOMC) meeting to be held on September 17 (local time)." Meanwhile, the Jackson Hole Meeting will take place over three days, from the 22nd (local time) to the 24th.
Lib Work, a Japanese listed real estate company, has decided to join in accumulating Bitcoin (BTC). According to NL Nico, a media outlet specializing in virtual assets (cryptocurrencies), on the 18th (local time), Lib Work announced via a press release, "We plan to purchase Bitcoin worth 500 million yen (approximately $3.4 million) this year." It also explained, "This is an effort to hedge against inflation risks and expand overseas growth opportunities."
The size of leveraged short (sell) positions on Ethereum has reached an all-time high. On the 18th (local time), Cointelegraph reported on X (formerly Twitter), "According to data from the Chicago Mercantile Exchange (CME), the size of leveraged short positions on Ethereum has set a new record." As of 3:49 PM, according to the Binance USDT market, Ethereum is trading at $4,249, down 4.75% from 24 hours ago.
Faraday Future, listed on the US Nasdaq, is reportedly set to begin investing in virtual assets (cryptocurrencies). According to GlobeNewswire on the 17th (local time), Faraday Future announced in a press release, "We are officially launching the 'C10 Index,' composed of the top 10 virtual assets," and added, "Accordingly, we will commence the purchase of virtual assets worth between $500 million and $1 billion." It further explained, "The reserve will be based on an 80% passive strategy and a 20% active strategy," and stated, "The initial purchase amount is about $30 million." Additionally, the company hinted at the possible launch of an exchange-traded fund (ETF) tracking the index. Faraday Future said, "We are considering launching an ETF based on the C10 Index in the future."
In the past 24 hours, the scale of position liquidations in the cryptocurrency perpetual futures market reached $531 million. According to CoinGlass data on the 18th (local time), a total of $531 million in futures positions were liquidated in the cryptocurrency market over the past 24 hours. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) showed a downward trend, causing most of the liquidations to be of long (buy) positions. Specifically, long positions saw $417.17 million in liquidations, while short (sell) positions accounted for $85.93 million. The largest liquidated asset was Ethereum. Ethereum saw $196.04 million in liquidations over 24 hours—of which $156.38 million were long positions and $39.66 million were short positions. Bitcoin ranked second during the same period, with $104.58 million liquidated. The scale of long and short liquidations were $98.49 million and $6.09 million, respectively. As of 3:33 PM, on Binance’s USDT market, Bitcoin and Ethereum were trading at $115,157 and $4,260, down 2.39% and 4.67%, respectively, compared to 24 hours ago.
Glassnode reported a significant increase in Bitcoin (BTC) 1-month and 6-month implied volatility. On the 15th (local time), Glassnode announced on X (formerly Twitter), "Bitcoin's 1-month and 6-month implied volatility has surged," and added, "This suggests growing investor concern about future macroeconomic conditions." Previously, QCP Capital stated, "The U.S. Producer Price Index (PPI) rose 0.9% month-on-month yesterday, increasing the likelihood of a stronger dollar and higher interest rates," and diagnosed that "the virtual asset market has undergone a short-term correction due to the macro environment." As of 11:50 PM, Bitcoin is trading at $117,527 on the Binance USDT market, down 1.40% compared to 24 hours ago.
It has been argued that the uptrend in the virtual asset (cryptocurrency) market remains intact. On the 15th (local time), QCP Capital stated on Telegram, "The U.S. Producer Price Index (PPI) rose by 0.9% month-on-month, leading to a short-term correction in the virtual asset market." However, it added, "Bitcoin has regained its stability, and altcoins are also quietly continuing their upward trend." Furthermore, they explained, "The uptrend that has continued since April is still valid," and noted, "This is because companies' activities in areas such as payment integration and reserve assets have been gradually increasing."
It has been revealed that whales have accumulated 120 million units of XRP. On the 15th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter) that "Whales bought 120 million XRP during the downturn." This amounts to $371.36 million based on the current XRP price. As of 11:06 PM, XRP is trading at $3.0947 on the Binance USDT market, down 0.24% compared to 24 hours ago.
Paul Atkins, Commissioner of the U.S. Securities and Exchange Commission (SEC), has expressed his ambition to spare no effort in making the United States the world's leading capital of virtual assets (cryptocurrencies). On the 15th (local time), Paul Atkins stated in an interview with Fox Business, "We will mobilize every department within the agency to make the United States the premier global hub for virtual assets and Bitcoin (BTC)." Previously, the SEC announced its pursuit of 'Project Crypto' aimed at making the United States the global capital of virtual assets.
DeFi Development, listed on Nasdaq, has reportedly acquired an additional 110,000 Solana (SOL) tokens. On the 15th (local time), DeFi Development announced on X (formerly Twitter), "We additionally purchased 110,000 SOL worth $22 million," adding, "The average purchase price per SOL was $201.68." Currently, DeFi Development holds approximately 1,420,173 Solana, which is valued at about $273 million.
SharpLink Gaming, which has announced its accumulation of Ethereum (ETH), has been revealed to hold 728,804 ETH. On the 15th (local time), SharpLink Gaming disclosed in its Q2 earnings report, "We have raised $2.6 billion and now hold a total of 728,804 ETH." The total staking rewards for the second quarter amounted to 1,326 ETH. As of 9:55 PM, according to the Binance USDT market, Ethereum is trading at $4,632, up 0.97% compared to 24 hours ago.
In the past 72 hours, whales have reportedly accumulated 320 million XRP. On the 14th (local time), cryptocurrency analyst Ali Martinez announced via X (formerly Twitter), "During the past 72 hours, whales have accumulated 320 million XRP." This amount, based on the current XRP price, is valued at $1 billion (approximately ₩1,392,300,000,000). As of 9:31 PM, Cardano is trading at $3.1281 on Binance's USDT market, down 1.49% compared to 24 hours ago.
An analysis has emerged suggesting that short-term selling pressure on Bitcoin (BTC) may be increasing. On the 15th (local time), a CryptoQuant contributor said on X (formerly Twitter), "There has been a sharp increase in the amount of Bitcoin being deposited to Binance," adding that "the surge in inflows is further heightening short-term selling pressure." He went on to say, "If demand fails to absorb the supply, there is a possibility that Bitcoin may decline in the coming days." Typically, large-scale coin deposits at exchanges can lead to increased selling, which in turn may drive short-term volatility.
It has been claimed that the combined daily trading volume of spot Exchange-Traded Funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) has reached a level comparable to that of Apple. On the 15th (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "The total daily trading volume of spot Bitcoin and Ethereum ETFs yesterday was $11.5 billion," adding, "This is on par with Apple's stock trading volume." Nate Geraci, CEO of Novadius Wealth Management, said, "Yesterday, the trading volume of spot Ethereum ETFs reached an all-time high," and assessed, "Institutional investors are increasingly buying ETFs."
It has been reported that $9.5 billion worth of Tether (USDT) and USDC were issued over the past month. On the 15th (local time), Lookonchain announced on X (formerly Twitter), “Just now, $1 billion USDT has been newly issued,” adding, “The total amount of USDT and USDC issued over the past month has reached $9.5 billion.” Previously, CryptoQuant analyzed, “Stablecoins worth $1.82 billion have flowed into Binance,” and added, “This suggests the possibility of a market upswing has increased.”
Global cryptocurrency exchange Binance will list Useless Coin (USELESS) perpetual futures. On the 15th (local time), Binance announced on its official website, "Today at 21:15 (KST), Useless Coin perpetual futures will be listed." Up to 50x leverage is supported.
Analysis indicates that a whale investor is accumulating Ethereum (ETH). On the 15th (local time), Datanode announced via X (formerly Twitter), "There is a trend of whale investors accumulating Ethereum," and added, "In the past 24 hours, an anonymous whale address starting with 0xE75 and an address suspected to belong to Galaxy Digital withdrew 17,591 ETH and 37,808 ETH, respectively." Generally, when larger amounts of a particular coin are withdrawn from crypto exchanges, it is considered that the likelihood of that coin's price rising increases.
An opinion has been raised that the United States government has recognized Bitcoin (BTC) as a reserve asset. On the 15th (local time), Michael Saylor, founder of MicroStrategy, cited a tweet from U.S. Treasury Secretary Scott Bessent and stated, "The United States government is now recognizing Bitcoin as a reserve asset." Previously, Secretary Bessent said, "Bitcoin confiscated by the federal government will serve as the foundation for a strategic Bitcoin reserve," adding, "The Treasury Department is striving to acquire more Bitcoin and make the United States a Bitcoin superpower."