CPI Surprise, Jobs Shock Send Bitcoin to $115K as ETFs Pour In
Key Takeaways
U.S. August CPI came in hotter than expected at 2.9% year-over-year and 0.4% month-over-month, but a surge in weekly jobless claims reinforced rate-cut odds.
Bitcoin spot ETFs recorded $553 million net inflow (4th straight day), while Ethereum spot ETFs posted $113 million net inflow (3rd consecutive day).
Wallets holding 100 – 1,000 BTC added roughly 65,000 BTC over the past seven days (30-day net +93,000 BTC), now having a record 3.65 million BTC.
BTC tested then reclaimed $115,000 (currently ~$115,505); key resistance at $116,300; downside liquidity remains concentrated near $110,000–$107,000.
The expansion starts with Hong Kong-listed equities and will extend to the UK, Europe and South Korea, using GTN's 90-market brokerage infrastructure to move xStocks beyond its US-stocks-only starting point.
The near-final text, circulated to industry groups before Senate Democrats saw it, would have the Justice Department enforce a conflict-of-interest rule that expires in 2029, a structure one Democratic co-sponsor already calls unserious.
A new Broadridge poll of 200 financial services executives finds near-unanimous conviction on tokenization broadly, but muted enthusiasm for stocks specifically, even as onchain data shows tokenized equity transfers up more than 170-fold in a year.
The law lets licensed intermediaries sell crypto to retail investors under a roughly $3,800 annual cap and permits its use in foreign trade settlements, while keeping the domestic payment ban in place.
