ETF flows flip: Spot BTC ETFs saw $227 million in outflows yesterday, led by broad selling across eight funds, with IBIT being the only fund to see an inflow. ETH ETFs posted $167 million in net outflows, marking the fourth consecutive day of withdrawals.
Macro catalyst: Nonfarm Payrolls expected at 75k jobs with unemployment ticking up to 4.3%. Fed cut odds at the September meeting remain high, but stronger-than-expected data could pressure crypto.
BTC structure: Price keeps consolidating in the $104K - $116K air gap, with resistance at $114K - $116K, and support at $104K - $108K. Markets remain neutral but fragile, with breakouts likely to dictate the next trend.
ETH positioning: Exchange balances at 3-year low and validator demand strong with close to 1 million ETH waiting to be staked, but price remains capped at $4.4K. NFP print likely sets the direction.
Policy & regulation: SEC unveils new crypto rulebook proposals, while UK Treasury tightens AML rules. Global regulatory tone tilts toward clarity, with added compliance burdens.
Chainalysis data shows U.S. wallets account for almost all agent spending on AI model inference, while Chinese-linked wallets dominate payments for security and code analysis services.
The deal would give Payward a full EU banking license on top of its Irish e-money license, letting it pay interest on deposits and lend across five European markets.
An implant that read recovery phrases off the screen and sent them out over LTE has been linked to more than $86 million in suspected thefts, and a second tampered device has now surfaced in Singapore.
Headline and core CPI both came in a tenth above forecasts, and Bitcoin slipped below $82,000 as traders raised the odds of a second consecutive rate increase at the Fed's Oct. 27–28 meeting.
