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BlackRock IBIT Eve $200M Net Inflows...Largest Since 7/22, BTC Bullish for 3-4 Quarters

The BlackRock BTC Spot ETF (IBIT) saw $220 million in net inflows on July 26 (local time), according to Trader T. This is the largest since December 22nd. Bitwise BITB saw $16.6 million in net outflows, while VanEck HODL saw $7.2 million in net outflows. There were no outflows from Grayscale GBTC. The remaining U.S. BTC spot ETF inflows are not yet available.

Meanwhile, An anonymous crypto analyst, Altcoin Sherpa, told X: “With the Fed recently hinting at a possible rate cut at Jackson Hole, macro factors and the BTC supply overhang (potential pending short interest) are likely to stabilize in Q3 and Q4. BTC will be bullish in response,” he said. “Previously, BTC has faced many resistance retests around $71,000. If the resistance is tested multiple times, it is likely to eventually break through it,” he added.

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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