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Share link:In this post: Ethereum whales have stopped accumulating ETH since July, analysts note. Interoperability issues across Layer 2 solutions like Polygon and Arbitrum could be frustrating users. Ethereum, with a $300 billion market cap, faces high expectations as per top industry executives.
Quick Take Global crypto investment products witnessed $726 million in net outflows last week amid rate cut uncertainty, according to CoinShares. This matches the largest recorded net outflows set in March, Head of Research James Butterfill noted.
Bitcoin starts trading above $55K early in the week, recovering from weekend losses. This is the final week of inflation data before the long-anticipated September Fed meeting. Trump and Kamala Harris’s Tuesday presidential debate will be the leading market catalyst.
Quick Take Polymarket users have bet $101,000 that Trump will say “crypto” at the second presidential debate on Sept. 10 in Philadelphia. The prediction sits low on the list of possible mentions, comparable to the 19% odds of Trump saying “alien” three or more times during the event.
