🇪🇺 #EU macro. Prominent inflation (PPI) (June):
- m/m: 0.5% (prog 0.1%; pre -0.2%)
- y/y: -3.2% (prog -3.3%; pred -4.2%)

🍿👀 #TRX Justin Sun continues: Don't worry! The industry has grown significantly over the past year, and these market fluctuations are not due to negative news. We must abandon the fad and continue to build. That's why we're creating a $1 billion fund to fight the flood, invest more and provide liquidity. Twitter #FUD

📊 #AI Top 15 AI tokens by market capitalization.

🕵️‍♂️ Justin Sun lost ~$280 million due to ETH falling by 20%.
Since February 8, 2024, he has accumulated 377,590 ETH (estimated value: $1.15 billion) through 3 wallets. But ETH is now trading well below its average purchase price of $3,051.

🍿👀 #BNB CEO Binance: The recent sharp drop in the crypto market does not represent a long-term negative trend. Given the potential for Fed rate cuts and geopolitical volatility, there is still significant potential for market volatility.

🗣 #ETH Vitalik Buterin: I think people will be surprised at how quickly "L2 compatibility issues" will cease to be an issue and we will have a smooth user experience across the entire ethereum ecosystem (including L1, rollups, validiums, even sidechains). I see a lot of energy and desire to make this happen.

🕵️‍♂️ #TRX #ETH New address believed to belong to Justin Sun spent 37 million #USDT to buy 16,236 #ETH in the last 3 hours.

📉👀 Cryptocurrency market capitalization experienced its largest daily drop since 2022. theblock.com

🕵‍♂🐳 Since July 16, whale 9dZAPP...dnzAz3 has withdrawn a total of 1.035 million #SOL (~$120 million) on Coinbase Prime. solscan

🧯🆕 #MAX Matr1x: 200 million MAX tokens were destroyed, which is 20% of the total supply.
Also token today leaf through on the exchanges.

💰 #AAVE Founder of Aave: Aave received income of $6 million from processing liquidations online.

One WETH position worth $7.4 million was liquidated, generating $802,000 in revenue for Aave

😨💸 In the last 24 hours liquidated >$1.1 billion

🇬🇧🏦 Xapo Bank enters the UK market and becomes the first bank in the country to offer a combined interest-bearing bank account in $ and #BTC. cointelegraph

🗣👀 Bernstein remain optimistic regarding #BTC's long-term prospects: "We do not see any additional negative factors for the cryptocurrency. Institutional adoption trends for Bitcoin—ETF inflows and approvals from banks and payment processors—remain flat."

🇺🇸🗣 #macro Goolsby from the Fed:
- Employment data is lower than expected, but does not yet show signs of recession;
- the Fed’s task is not to respond to employment data for one month;
- if the economy worsens, the Fed will take steps to restore it;
- presented the Fed were discussing an emergency rate cut.

Meanwhile, according to FedWatch, the market assumes a 100% probability of a rate cut by 50 bp. for the September meeting

🤬📉 Shares of MicroStrategy (#MSTR) and Coinbase (#COIN) fell 24% and 18%, respectively, in premarket trading.

🙋‍♂ #GMX GMX DAO offers integrate zero slippage into V2 and more closely align the GMX trading engine with the traditional order book

🕵‍♂👀 #ETH 0xscope: Since August 3, the top five market makers have transferred a total of over 130,000 ETH directly or indirectly to the CEX.

🤬📉 US stock markets opened sharply lower, with the Dow Jones falling 2.6% and the Nasdaq falling 6.3%.