BTC reclaimed support at $110,000 and trades near $111,200 after a modest intraday lift; ETH edged toward $4,000.
Spot flows mixed: Bitcoin ETFs recorded a $20.33 million net inflow (BlackRock IBIT led with $108 million). On the other hand, Ethereum ETFs saw another day of outflows worth $128 million.
Long-term holders are still distributing, however, the Dolphin cohort (100–1,000 BTC) now holds ~26% of supply and remains the marginal buyer.
Elevated open interest can amplify volatility with key liquidation clusters sitting above $114,000.
Macro shock: U.S. government shutdown enters day 24; ADP suspended data sharing to the Fed, with policymakers facing an unprecedented information vacuum ahead of the October FOMC.
The industry's biggest lobbying group backs Custodia Bank's petition arguing the Federal Reserve has no discretion to deny master accounts to eligible state-chartered banks — a question Kraken's own path around the same wall already shows has more than one answer
The regulator dismantled Australia's largest cash-to-Bitcoin network using powers it already had; the AML/CTF bill now before Parliament would let it do the same to the whole sector without waiting for a company to fail first.
Jeong Sang-ho gets the same sentence as Do Kwon, but on a fraction of the alleged victim count — after a court threw out evidence tied to the case's largest fraud allegation
The Aug. 19 gathering lands a day before a CFTC advisory panel takes up the same state-versus-federal jurisdiction fight now playing out in courtrooms in at least a dozen states.
