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Crypto drops after PPI, huge liquidations, Trump-Putin to meet

Crypto

• BTC: 119.1k (-2%) | BTC.D: 59.5% (-0.2%)

• ETH: 4640 (-2%) | XRP: 3.1 (-4%) | SOL: 194 (-4%) 

• Top Gainers: HASH, LEO, HYPE, MNT

• BTC ETFs: +$231mn | ETH ETFs: +$640mn

• Crypto drops after hot US PPI, $1.1bn of liquidations

• US only wants budget neutral BTC accumulation

• US government owns $24b crypto: Arkham

• Lummis makes renewed push for BITCOIN Act

• Altcoins continue to drop versus ETH

• $3.2bn ETH queued to leave staking

• HYPE nears $50 as volume hits ATH

• Google buys 8% stake in BTC miner TeraWulf

• Atkins to discuss ‘Project Crypto’ today

• KindlyMD to raise $540m to buy BTC

• Abu Dhabi SWF owns $534m BTC ETF

• Citi considers crypto custody, payment services

• SEC delays Bitwise and 21 Shares SOL ETFs

• HK tightens custody standards for crypto exchanges

• American Bitcoin looking for Asia listings

• US sanctions Russian exchange Garantex

Macro & General

• NASDAQ: 21.7k (0%), Gold: 3387 (0%)

• July PPI significantly higher than expected

• Trump-Putin summit today

• Inflation diverging across regions of the US

• Trump seeking Nobel peace prize

• US mortgage rates slip to 2025 lows

• US could buy a stake in troubled Intel

• Trump plans Israel visit next month

• Brazil is a horrible partner: Trump

• DEA chief now now DC Commissioner

Left Curve Corner

• Hot coins: NUB, BUCKY, AOL, TRASH

• Hot NFTs: V1 Punks, Pudgy Penguins, Moonbirds

• NUB $50m, most other memecoins fall

• Bags founder streams with Mr Beast, linked token tanks

• V1 Punk lead NFTs higher, hit 4 ETH

• Ether rock sold for 135 ETH

• Snowfro ‘LIFT’ auction live, to end today

• Former PumpFun employee pleads guilty

YEET: Crypto’s Casino
Just passed $415m in lifetime volume!

The information does not constitute financial advice or recommendation and should not be considered as such. Full Disclaimer

*Yeet Disclaimer here. 18+. Certain regions are restricted. Please gamble responsibly.