The latest data shows that the crypto assets market remains in a high-level fluctuation state. The price of Bitcoin (BTC) is around 120,000 USDT, with a 24-hour rise narrowing to 2.5%. Ethereum (ETH) has broken through the $4,000 mark, setting a new high for this year.



It is worth noting that institutional investors' interest in Crypto Assets continues to heat up. The ETH ETF recorded the largest single-day inflow of funds in history, with BlackRock's spot Ethereum ETF seeing a net inflow of approximately $641 million in one day, setting a new record. All U.S. spot Ethereum ETFs attracted a total of $1.02 billion in inflows yesterday.

At the same time, some institutions continue to increase their holdings in crypto assets. Metaplanet added 518 BTC, costing $61.4 million. Bitmine has accumulated 293,186 ETH over the past 8 days, valued at approximately $1.24 billion. These actions reflect the institutions' confidence in the long-term value of crypto assets.

In terms of regulation and compliance, Ethereum core developer Federico Carrone has been safely released after a brief detention in Turkey, raising concerns about developer safety. Additionally, Kakao plans to issue a Korean won stablecoin and integrate it into KakaoPay, which may promote the adoption of crypto payments in South Korea.

The market is also paying attention to the bankrupt exchange FTX, which is expected to distribute $1.9 billion in compensation to creditors, potentially impacting market sentiment. At the same time, despite securing $1.5 billion in funding, crypto financial service provider ALT5 Sigma saw its stock price drop by 12.93% in pre-market trading, reflecting investors' cautious attitude towards the company's prospects.

As the US CPI data is about to be released, market participants are closely monitoring the potential impact of this important economic indicator on the crypto assets market. Overall, although the market may experience volatility in the short term, the continued participation of institutional investors provides some support for the crypto assets market.
BTC2.36%
ETH3.92%
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CryptoTherapistvip
· 08-12 06:52
sensing major cognitive dissonance in the market rn... breathe with me fam
Reply0
RooftopVIPvip
· 08-12 06:37
It's time to spend money wildly.
View OriginalReply0
FastLeavervip
· 08-12 06:32
Suckers are just suckers, they believe whatever the institutions say.
View OriginalReply0
PebbleHandervip
· 08-12 06:31
Institutions are really buying a lot.
View OriginalReply0
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