Institutional Accumulation and Macro-Linked Stablecoin Flow Signals

I translate the latest market brief into English and provide an expert take on the crypto landscape based on the evening's dynamics.

Key items from 12:00-21:00: Polkadot is rolling out an institutional linkage to Wall Street and Web3; Cardone Capital, a real estate investment firm, has added 130 more Bitcoin to its stash; the U.S. Treasury aims to use tariff revenues to pay down debt and shrink the debt-to-GDP ratio; SharpLink reports ETH exposure rising to 740,760 ETH as of Aug 17; KindlyMD purchased 5,744 BTC at an average price of $118,204.88; and there’s a bullish note that IPO proceeds of $1.15 billion are being received in stablecoins.

Overall, the narrative tilts toward accumulation among institutional actors (BTC and ETH), with macro policy moves and corporate treasury activity supporting a cautious, liquidity-friendly backdrop. However, the explicit macro focus on debt management and the shift toward stablecoins for IPO proceeds introduce a nuanced risk environment where volatility could persist in the near term while down-the-line demand appears constructive.