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Several issuers have submitted a revised version of the XRP spot ETF application, adding support for XRP creation and redemption.

3 hours ago

On August 23rd, asset management companies such as Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated statements this Friday regarding their proposed spot XRP ETF. This once again shows the eagerness of financial firms to obtain listing approval from the U.S. Securities and Exchange Commission. Bloomberg ETF analyst James Seyffart stated that the appearance of these applications is almost definitely in response to feedback from the SEC. This is a good sign, but it is also largely expected. The updated filings seem to have changed the structure of some funds, enabling XRP or cash creation and cash or in-kind redemption instead of just cash creation and redemption.
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Federal Reserve's Mester: Policy Rate May Need to Be Adjusted If Labor Market Risks Worsen

On August 23rd, Mohamed El-Erian of the Federal Reserve stated that the emphasis should be placed on the entire interest rate path rather than just the rate decision of a specific meeting. Inflation has been above the target level, and there are ongoing risks. The next employment report may be sufficient to demonstrate the need for a rate cut or it may not, depending on the specific details of the report. The Fed's policy will be moderately tightened. More data is required, and the rate outlook will continue to be revised until the September meeting. The risks in the labor market are increasing but have not yet become actual. It is expected that the inflationary impact of tariffs will gradually diminish. The rate path may involve a pause in rate cuts. If the risks in the labor market escalate, the policy rate may need to be adjusted. (FX678)

21 minutes ago

Radiant Capital's hacker sold 3931 ETH in the past 2 hours, realizing profits

August 23rd. According to on-chain data analyst Yu Jin, in the past two hours, the Radiant Capital hacker sold 3,931 ETH at a price of $4,726 and exchanged it for 18.57 million DAI. The hacker's multiple swing trades are as follows: · Last year, after stealing $53 million, they bought 21,900 ETH at a price of $2,420 for storage; · On August 14th, they sold 9,631 ETH at a price of $4,562; · On August 20th, they bought 4,914 ETH at a price of $4,167; · Today, they sold 3,931 ETH at a price of $4,726. The cryptocurrency worth $53 million stolen by the hacker last year is now valued at $104 million, including 13,300 ETH (approximately $62.63 million) and 42.03 million DAI.

21 minutes ago

Yesterday, the U.S. Bitcoin Spot ETF saw a net outflow of $23.2 million, while the BlackRock IBIT had a net outflow of $198.8 million.

On August 23rd, as monitored by Farside Investors, yesterday the net outflow of the U.S. Bitcoin spot ETF was $23.2 million. The details are as follows: BlackRock IBIT: -$1.988 billion Fidelity FBTC: +$50.9 million Bitwise BITB: +$12.7 million ARK ARKB: +$65.7 million Franklin EZBC: +$13.5 million VanEck HODL: +$26.4 million Grayscale GBTC: +$6.4 million

21 minutes ago

Yesterday's US Ethereum Spot ETF saw a net inflow of $337 million

On August 23rd, as monitored by Farside Investors, yesterday the net inflow of the U.S. Ethereum spot ETF was 337 million USD. This included: - BlackRock ETHA: + 109.4 million USD - Fidelity FETH: + 117.9 million USD - Bitwise ETHW: + 36.3 million USD - Franklin EZET: + 5.5 million USD - Grayscale ETHE: + 45.9 million USD - Grayscale Mini ETH: + 22.7 million USD

21 minutes ago

After 3 years of dormancy, a certain whale address transferred 3500 BTC, realizing a profit of $305 million.

On August 23rd, as per the monitoring of LookOnChain, a whale address that had been dormant for 3 years transferred 3,500 BTC (approximately $408 million) to a new address 10 hours ago. Three years ago, this address withdrew 3,500 BTC from Gemini. At that time, the value was approximately $103 million, with an average withdrawal price of $29,620. As a result, it achieved a profit of $305 million (+294%).

21 minutes ago

「Bitcoin Ancient Whale」 sold another 300 BTC to increase their ETH position 1 hour ago

August 23rd. As per the monitoring of LookOnChain, a whale or institution that has held 10,606 BTC for 7 years has achieved a profit of $1.12 billion. One hour ago, they once again transferred 300 BTC (approximately $34.86 million) to sell on Hyperliquid with the intention of switching to ETH. Currently, they hold a long position of 135,265 ETH (approximately $581 million), with an average entry price of $4,295, indicating a profit of $58 million. They purchased 122,226 ETH (approximately $535 million) in spot transactions at an average price of $4,377, realizing a profit of $42 million.

21 minutes ago