ETH Short Losses and Institutional ETH Accumulation Amid BTC Resilience

I report that AguilaTrades has closed his ETH (15x) short position, realizing a $683,000 loss.

Overall, Aguila has accumulated $2.81 million in losses from recent ETH short trades.

I note that Jim Cramer publicly stated he is a "huge believer in Bitcoin" and said he has "very little faith we can grow our way out of this debt," suggesting Bitcoin could hold up in severe financial stress.

OVL was added to Binance Alpha Projects.

I point out that only about 0.01% of the global population owns more than one BTC. Out of roughly 8 billion people, fewer than 800,000–850,000 unique individuals hold at least one BTC, making whole-coin holders very rare.

U.S. consumer inflation data (CPI for July) came in at m/m 0.3% (consensus 0.2%; prior 0.3%) and y/y 2.7% (consensus 2.8%; prior 2.7%). Core CPI y/y was 3.1% (consensus 3.0%; prior 2.9%).

I record that 180 Life Sciences (ETHZilla) announced holdings of 82,186 ETH with an average purchase price of $3,806.70.

BitMine (BMNR) intends to increase its authorized common stock from $20 billion to $24.5 billion, with the proceeds earmarked for additional ETH acquisitions.

After CPI matched expectations, markets increased the probability of a September rate cut to around 80%.

Transak raised $16 million in funding led by IDG Capital and Tether.

Robinhood has listed SUI.

Do Kwon pleaded guilty in the fraud case tied to TerraUSD's collapse in 2022.