U.S. Posts $345B August Deficit, Net Interest at 3rd Largest Outlay, Gold and BTC Rise
US spending surged to $689B in August as gold hit fresh highs near $3,670 and bitcoin crossed $115K.
Markets
BlackRock Weighs Tokenized ETFs on Blockchain in Push Beyond Treasuries: Report
The world’s largest asset manager is exploring putting exchange-traded funds on chain, sources told Bloomberg.
BONK Surges 9% as Even as Memecoin Interest Shifts to Newer Tokens
BONK rallied 9% in a volatile session, testing resistance at $0.000024 even as newer meme tokens gained attention.
PEPE Rallies 10% in a Week, Outpaces Bitcoin and Other Major Tokens
The CoinDesk Memecoin Index (CDMEME) rose more than 11% in the week, outperforming bitcoin’s 1.4% move.
Dogecoin ETF Looks Set to Go Live in the U.S. on Thursday
“Dogecoin started as a joke, and now Wall Street finally gets it. The ETF approval proves that institutional investors recognize the real value in community, culture, and accessibility,” one dogecoin proponent said.
U.S. Marks Down Payroll Gains by 911K in Largest Benchmark Revision Ever
Bitcoin fell and gold pulled back from a record high after the news hit.
‘Perpetual-Style’ Crypto Futures Coming to U.S. as Cboe Eyes November Launch
Cboe’s new derivatives aim to bring a regulatory-friendly version of perpetual futures to institutional and retail markets.
Spot Ether ETFs Shed $952M Over 5 Days as Recession Fears Grow
Despite the outflows, ether rose by more than 16% in the past month, driven in part by the passage of the GENIUS Act.
ARK Invest Snaps Up $23.5M in BitMine and Bullish Shares Across Flagship ETFs
The purchases, disclosed in recent trade filings, consisted of 387,000 shares of BitMine and 144,000 shares of Bullish, with ARK Innovation ETF (ARKK) leading the way.
Ether Enthusiasm Cools as ETFs Shed $505M in 4-Day Slide
The spot bitcoin ETFs saw $284 millions of inflows over the same period, signaling a stark divergence in investor sentiment.