đ” USDC Circulation Declines Sharply
âą Circle issued $54B in USDC and redeemed $64B, leading to a net decline of $1.1B.
âą Current USDC in circulation: $63.9B.
âą Total reserves: $64.2B, including $8.8B in cash and $55.4B in the Circle Reserve Fund.
âą The decline may indicate changing investor behavior, liquidity rotation, or broader stablecoin market shifts.
âą Binanceâs adoption of USDC as a core reserve-backed stablecoin may influence future demand.
đ Arthur Hayes Forecasts $100K BTC & $3K ETH
Arthur Hayes predicts a Bitcoin surge to $100,000 and Ethereum reaching $3,000.
âą Drivers include:
o Anticipated expiration of the U.S. Tariff Act.
o Sluggish credit creation in major economies.
o Suggests crypto may become a safe haven amid weakening fiat systems.
Forecast aligns with growing institutional interest and a pro-crypto regulatory environment.
đĄ BNB Trading Update
âą BNB is trading at approximately 770 USDT, down 1.43% in the last 24 hours.
âą The decline is narrowing, indicating signs of price stabilization.
âą Performance is closely tied to Binanceâs strategic moves, including its support for USDC.
đ Bitcoin Holds Ground Amid Market Volatility
o BTC is currently priced at ~114,000 USDT, down 1.27% in 24h.
o Despite ETF outflows, BTC remains technically strong:
o Resistance: $119,000â$120,000
o Support: $116,000
Resilience reflects investor confidence during uncertain macroeconomic conditions.
đ Ethena Labs Surpasses $10B in TVL
Total Value Locked (TVL): $10.08B
o USDe stablecoin: $8.64B, up 62.85% in 30 days.
o USDtb: $1.44B
Indicates growing trust in reserve-backed stablecoins and increasing competition for Tether.
đ» Bitcoin Spot ETFs See $812M Outflow
August 1 net outflows: $812M
o Fidelityâs FBTC: $331M
o Ark/21Shares ARKB: $328M
o Despite this, total Bitcoin ETF AUM: $146.5B
o ETF share of BTC market cap: 6.46%
Cumulative inflows since Jan 2024: $54.18B, reflecting long-term institutional demand.
đ U.S. Stock Market Loses $1 Trillion in One Day
Key drivers:
o New U.S. tariff hikes (highest in 100 years).
o Unemployment increase: 4.1% â 4.2%.
o Downward revision of previous employment data.
o Dismissal of BLS Director Erica McInturff.
o Resignation of Fed Governor Adriana Kugler.
âą Estimated cost to U.S. households: ~$2,400 annually.
Fuels economic pessimism and boosts alternative asset interest, including crypto.
đŠ Fedâs Williams on Economic Outlook
Describes labor market as "moderately cooling", yet still strong.
âą GDP growth forecast: ~1% in 2025, with recovery likely in 2026.
âą Unemployment rate: 4.2% in July.
âą Cautious tone on a potential September rate cut, despite 80% market expectation.
âą Could affect short-term crypto market volatility.
đ§Ÿ Anchorage Digital Buys $52M Worth of ETH
âą Acquired 14,933 ETH via OTC deal with Galaxy Digital.
âą Average price: ~$3,487/ETH
âą ETH transferred to wallet: 0x18A...327Ea.
Signals institutional confidence in Ethereum, possibly anticipating ETF momentum and improved regulation.
âïž CFTC Launches Crypto Regulatory Sprint
CFTC Acting Chair Caroline D. Pham launches initiative to:
o Implement President Trumpâs crypto vision.
o Enhance clarity through SEC collaboration via Project Crypto.
o Promote 24/7 trading and perpetual derivatives.
o Remove outdated policies to foster U.S. crypto innovation.
Reinforces U.S. ambitions to become the global leader in digital assets.
đ§ Final Insight
Crypto markets are at a critical inflection point, influenced by:
o Macro uncertainty
o Stablecoin realignments
o Institutional shifts
o Accelerated regulatory action
With volatility rising in traditional markets, crypto continues gaining ground as a strategic asset class.
Stay ahead of the curve with the latest #CryptoMarketUpdate as USDC circulation shrinks by $1.1B, Bitcoin holds steady amid ETF outflows, and Arthur Hayes predicts a $100K $BTC rally. With stablecoin trends shifting, institutional $ETH moves rising, and Binanceâs growing role in $USDC adoption, the market is entering a critical phase. Dive deeper into macro trends, ETF data, and DeFi growth. #BitcoinETF #USDC #ArthurHayes #BinanceNews
