#数字货币领域调整# Crypto Assets industry recent important developments

Financial observation reveals that the renowned investment institution Bitmine's portfolio is currently facing a loss situation, with a total of approximately 7.5 billion dollars in assets affected by market fluctuations.

On the macroeconomic front, financial markets are pricing in a rate cut by the Fed in October, with current analysis pointing to an 85.5% chance of a 25bp cut. The market is also paying close attention to the upcoming US core PCE annual rate data for August, which is expected to reach 2.9%, an inflation indicator that could have a knock-on effect on the crypto market.

The direction of liquidity shows that the direction of capital flows in the US ETF market has changed, with a net outflow of about $251.2 million from Ethereum ETFs yesterday and a net outflow of $252.17 million from Bitcoin ETFs over the same period.

In terms of institutional development, cryptocurrency trading platform Kraken has completed a new round of funding of $500 million, and the company's valuation has reached $15 billion after this round of financing, showing that institutional investors still maintain confidence in the long-term development of the industry.

In the Asian market, six virtual asset ETFs in Hong Kong traded actively today, with a total transaction amount reaching 35,485,500 HKD, reflecting the regional market's continued interest in Crypto Assets.

It is worth noting that market monitoring found that three large addresses (commonly known as "whales") recently increased their holdings of about 18.9 million XPL tokens, worth about $24.3 million, which may indicate that market participants are bullish on specific assets.