The American Innovation Project’s board includes executives from the Solana 
Policy Institute, Blockchain Association, Paradigm, Digital Currency Group and 
Coinbase.

New crypto advocacy group debuts at Wyoming summit

Bitcoin ETFs lost $122 million and ether ETFs lost $197 million on Monday, 
ending their inflow streaks. Heavy redemptions in Blackrock’s funds and Ark 
21Shares drove the pullback, with no ETH ETFs recording inflows. Market Pause: 
Crypto ETFs See Heavy Outflows After Record-Breaking Run The exchange-traded 
fund (ETF) rally that had defined crypto markets over […]

Crypto ETFs Snap Winning Streak With $319 Million in Outflows

Bitcoin looks set for a pause. Prices climbed to a fresh high, and now the 
market is showing signs of short-term cooling as some investors lock in 
profits. Related Reading: Market Jitters Rise As Bitcoin Pulls Back—Is $135K 
Still Possible? Price Pullback And Recent Rally Bitcoin was trading at 
$115,550 when this report was written, about 6% shy of its all-time high of 
$124,201 reached on Wednesday. The top crypto asset was up roughly 10% in the 
nine days leading up to that peak. That quick run-up helped push prices 
higher, but it also left some traders looking for a breather. Analysts say 
the recent rally quickly fizzled out without fresh macro drivers to keep it 
going. MVRV Signals Some Caution According to Santiment, the Market Value to 
Realized Value (MVRV) ratio sits at +21%. That means the average holder who 
bought over the past year is in profit, and many could be tempted to sell. 
That figure isn’t an extreme reading. But it is enough to raise the odds of 
profit-taking, which can slow or stall further gains. Profit Taking Vs. Whale 
Accumulation There’s tension in the market right now. Based on reports, about 
$2 billion in short positions would be at risk if Bitcoin returned to the 
$124,000 region. That creates a squeeze scenario on a big upside move. At the 
same time, Santiment notes that wallets holding between 10 and 10,000 BTC have 
continued to add to their holdings even after the new high. So while many 
smaller players may take profits, larger holders appear confident and are 
stacking more coins. Macro Watch: Fed Cut In Focus Investors are also watching 
the US Federal Reserve. The Fed’s rate cut decision set for Sept. 17 is on 
many traders’ calendars. The CME FedWatch Tool puts the chance of a cut at 
about 83%. That expected move is one reason some market participants are 
sitting tight and waiting, rather than pushing prices higher right away. What 
Traders Are Watching Next Markets look to be in a consolidation phase, with 
traders adopting a wait-and-watch stance. If economic news or the Fed decision 
surprises, price action could pick up fast. Related Reading: XRP Chatter 
Reaches Ride-Share Drivers — Small Survey Shows Mixed Results But without a 
new catalyst, sideways action seems more likely in the near term. Based on 
reports, the combination of modest MVRV pressure, piled-up shorts, and steady 
whale buying paints a mixed picture — risk now, possible fuel later. 
Meanwhile, short-term choppiness is plausible. Some investors will take 
profits. Others — especially larger wallets — are still buying. Watch the Fed 
date and any sudden shifts in short positions; they could decide which way the 
next move goes. Featured image from Meta, chart from TradingView

Bitcoin May Pause After Fresh Highs As Some Holders Pocket Gains – Data

XRP is trading at $2.88 per coin, giving it a market capitalization of $171.30 
billion and a 24-hour trading volume of $6.31 billion. The intraday price 
range of $2.872 to $3.09 points to a consolidating price action amidst recent 
bearish momentum. XRP On the 1-hour chart, XRP exhibits clear bearish 
microstructure, with successive lower highs […]

XRP Price Watch: Daily Chart Signals Reversal After Double Top Pattern

Toyota Blockchain Lab is researching a network that would enable turning cars 
into NFTs.

Cryptocurrency price in CNY