Macro Data: U.S. GDP grew 3.3% in Q2, beating expectations (3.0 - 3.1%). Equity indices rallied modestly; BTC only +0.15% as risk appetite diverged.
Onchain Milestone: U.S. Commerce Dept. published GDP data to nine blockchains (BTC, ETH, SOL, etc.) with oracle + CEX infrastructure support. First-ever on-chain federal dataset release.
ETF Flows: Spot BTC ETFs logged +$179 million net inflows on August 28, marking 4 consecutive inflow days. Spot ETH ETFs added +$39.2 million, marking six straight inflows. Inflows haven’t hit July/August highs, but decent enough to keep absorbing supply.
Institutional Treasuries: DFDV purchased 407,247 SOL ($77 million), lifting holdings to 1.83 million SOL worth $371 million. South Korea’s Bitplanet launched an institutional BTC treasury with an initial $40 million buy.
Price Action: BTC oscillated in a tight $110.9K to $112.3K range, now ~$111.3K, as markets await breakout catalyst. ETH slipped below $4.5K support to $4.48K; SOL surged past $210 to $215.
The fund gives stablecoin issuers a regulated vehicle for holding the liquid assets required to back payment tokens, as asset managers race to capture reserve management mandates in a market forecast to reach $4 trillion.
The departure of Hsiao-Wei Wang leaves the Ethereum Foundation without a permanent co-executive director for the second time this year, as eight senior figures have now left the organization in five months.
The new Fed chair held rates, dropped forward guidance, and delivered a dot plot that reset rate-hike expectations — and in doing so, reminded crypto markets that macro correlation isn't a solved problem.
The listing is not a ban or a finding of wrongdoing, but it signals that Singapore users dealing with Bybit have no regulatory recourse if something goes wrong.
