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Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions.

The negative sentiment was focussed on Bitcoin, seeing $319m in outflows — link

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SEC warns FTX against paying creditors back in stablecoins, other crypto — link | tl;dr

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Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin — link |reuters | tl;dr

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Telegram CEO Pavel Durov released from French custody and will appear in court — link

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This Friday 8 AM UTC, 60.2K $BTC are set to expire on Deribit with a notional value of $3.54 billion.

Max pain price $61,000, put/call ratio: 0.61

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Celsius' bankruptcy plan administrator pays out over $2.5B — link | tl;dr

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SEC’s case against Kraken will proceed to trial, California Judge rules — link | tl;dr

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BTC futures basis has completely bled out from 30% earlier this year to ~5% now — link

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Kraken must face SEC lawsuit over crypto exchange registration — link | archive

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Former FTX exec Ryan Salame seeks to void guilty plea, says feds reneged on deal to end probe of his partner — link | tl;dr

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Tether plans to launch a UAE dirham-pegged stablecoin — link | tl;dr

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Mt. Gox moves over $700 million worth of bitcoin to unknown wallet: Arkham — link | tl;dr

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Bitwise expands into Europe with acquisition of ETC Group, issuer of the largest physical Bitcoin ETP in Europe — link

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South Korea’s national pension fund bought $33.7 million worth of MicroStrategy shares in Q2 — link | tl;dr

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On August 14, U.S. spot Bitcoin ETFs saw -$81.4m net flows — link

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Follow our DeFi channel ➡️ @unfolded_defi

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The ratio of Ethereum ETF volume to Bitcoin ETF volume in the first 25 days has continued to decline — link

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Jailed former FTX exec Ryan Salame withdraws his request to compel government to abide by plea deal — link | tl;dr

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Ethereum max pain price $2,800, $1.27 billion notional value, put/call ratio 0.49

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Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022 — link

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Spot Bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million — link | tl;dr

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Last week, digital asset investment products saw inflows totalling $533m, marking the largest inflows in five weeks. This surge followed remarks by Jerome Powell at the Jackson Hole Symposium.

Bitcoin was the primary focus, seeing $543m of inflows, indicating its sensitivity to interest rate expectations — link

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DCG is debt-free, minus its $1.1 billion promissory note to Genesis, as of June — link | tl;dr

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Binance hiring 1,000 as compliance spending tops $200 million — link | tl;dr

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Updated 2Q24 13-F filings for US spot Bitcoin ETFs revealed a rise in institutional inflows – particularly from the "investment advisor" category — link

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Mt. Gox sends $75 million in Bitcoin to Bitstamp crypto exchange — link | tl;dr

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SEC talks with ETF issuers over concerns of Solana being a security preceded Cboe removing 19b-4s: source — link | tl;dr

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Last week, digital asset investment products experienced minor inflows totalling $30m, as recent macroeconomic data implied the FED were less likely to cut interest rates by 50 basis points in September — link

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Binance restarts services in India after seven-month regulatory halt — link | blog

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Morgan Stanley reveals $187 million position in BlackRock's spot Bitcoin ETF, nearly sells out of GBTC in Q2 — link | tl;dr

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