CryptoQuant’s founder says BTC is currently driven by the futures market, while spot demand has yet to recover.

According to a report by the Financial Times, Federal Reserve official Collins stated that escalating tensions related to Iran have exacerbated cost-of-living pressures, leaving low-income Americans struggling to make ends meet. She warned that the Federal Reserve may need to raise interest rates to curb inflation. Collins noted that businesses and households in the U.S. Northeast are being squeezed by inflation, which has exceeded the central bank’s 2% target for over five years. “I hear about price issues almost every time I talk to businesses,” she said. She added: “Among low- and middle-income households, I’m increasingly hearing about the challenges they face… such as struggling to make ends meet. Energy prices are truly unbearable, especially in our region.” Collins currently does not hold a voting seat on the Federal Open Market Committee (FOMC). She supported keeping interest rates steady in July, and views the current rate level as “slightly restrictive,” which “will lead to a gradual, sustained decline in inflation expectations.” However, she noted that if economic data indicates a need for a rate hike, she is willing to support raising rates as early as September. “I do believe economic conditions in the coming months may require tighter policy, and in that case, I am prepared to raise interest rates,” she said.

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).

According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.

Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.

According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.

According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.