🗞️Daily Market Brief

⭐News Brief
- Last week, U.S. #BitcoinSpotETFs saw a net outflow of $166 million.
- U.S. #EthereumSpotETFs recorded a cumulative net inflow of $104.8 million.
- Long-term #Bitcoin holders purchased over 184,500 #$BTC during the recent market correction.
- A whale named “cookislandstrust.eth” is trying to buy $PEPE at dip again! In the past 7 days, the whale bought 420B $PEPE, now making $170K (+5.4%). The whale also bought 2,978 $ETH around the bottom on Aug 5, now making $534K (+7.58%).
- A long-term ETH/BTC whale has begun reducing their position, selling 10,000 #$ETH in exchange for 425.75 #WBTC to repay a loan.
- #ElonMusk will have a live conversation with #DonaldTrump on X (formerly Twitter) at 8pm ET on Aug 13th.

⭐️Investing & Financing
- #Crypto startups raised a total of $2.7 billion in Q2.
- Decentralized private investment platform BasedVC completed a $2 million seed round at a post-money valuation of $15 million, with participation from Neo Tokyo, Kongz Capital, and angel investors such as Mario Nawfal, Crypto Banter, Ashcrypto, and Kmanu.

⭐️Regulatory Updates
- A Hong Kong Legislative Council member stated that Hong Kong is preparing to strengthen digital asset regulation over the next 18 months.

#DailyCryptoNews #CryptoNews #CryptoMarket #ETHETF