Insights
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US national debt surpasses $35 trillion
Quick Take According to the US Debt Clock, the US national debt surpassed $35 trillion on July 30. This is…
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Bitcoin transaction fees drop to yearly low
Onchain Highlights DEFINITION: The total amount of fees paid to miners. Issued (minted) coins are not included. The total fees…
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Open interest on cash-margined futures is volatile and tied to spot prices
Onchain Highlights DEFINITION: The total amount of futures contracts open interest that is margined in USD or USD-pegged stablecoins. Stablecoins…
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BlackRock’s Ethereum ETF inflow surpasses its Bitcoin ETF inflow
Quick Take Farside data shows that on July 30, Bitcoin exchange-traded funds (ETFs) experienced an $18.3 million outflow, marking the…
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Bank of Japan’s rate hike hits highest since 2008, Metaplanet shares drop 22%
Quick Take As reported by Trading Economics, the Bank of Japan (BoJ) has raised its interest rate to 0.25%, up…
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Magnificent 7 market cap drops $2.6 trillion in 20 days, while Bitcoin rises
Quick Take According to the Kobeissi Letter, the “Magnificent Seven” tech stocks—comprising Apple, Microsoft, NVIDIA, Google, Amazon, Tesla, and Meta—have…
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Ethereum sees first monthly consecutive losses since August 2023 amid new ETFs
Quick Take Bitcoin As July comes to a close, Bitcoin has finished approximately 6% higher, hovering around $66,000, nearly offsetting…
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Bitcoin ETFs see smallest net inflow on record, Grayscale mini BTC positive
Quick Take Farside data reveals that Bitcoin exchange-traded funds (ETFs) experienced a minimal net inflow of just $0.3 million, marking…
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Potential for Fed balance sheet to hit $17 trillion in future crises examined
Quick Take According to data from FRED, the Federal Reserve’s balance sheet has expanded significantly since 2002, growing from $720…
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Economic woes drive Bitcoin below $63,000
Quick Take Bitcoin experienced a sharp decline to below $63,000 on Aug.1 following disappointing economic data, leading to significant liquidations…
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