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Share link:In this post: The S&P 500 is hitting new highs, but only a small number of mega-cap tech stocks are driving the gains. Similar narrow market rallies in the past have often led to weaker performance over the following 12 months, according to data going back to 1972. Some analysts believe potential interest rate cuts by the Federal Reserve could boost participation from smaller stocks and help stabilize the rally.
Share link:In this post: X said it’s “deeply concerned” about press censorship in India after being ordered to block over 2,300 accounts, including Reuters. India’s government denies issuing a new blocking order and claims it quickly asked X to restore the Reuters accounts. The dispute highlights ongoing tensions between X and Indian authorities over content takedowns and press freedom.
Share link:In this post: Pakistan has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee crypto service providers. The Pakistan crypto market has over 40 million users and $300B in annual trading volume. The government also allocated 2,000 megawatts of electricity for Bitcoin mining and plans to establish a strategic Bitcoin reserve.
- 04:07Data: Bitcoin spot ETF saw a total net outflow of $127 million yesterday, marking the first net outflow after four consecutive days of net inflows.ChainCatcher news, according to SoSoValue data, the total net outflow of Bitcoin spot ETFs yesterday (August 29, Eastern Time) was $127 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $24.626 million. The historical total net inflow of IBIT has reached $5.8307 billion. Next was WisdomTree ETF BTCW, with a single-day net inflow of $2.2973 million. The historical total net inflow of BTCW has reached $42.9367 million. The Bitcoin spot ETF with the highest single-day net outflow yesterday was the ETF ARKB from Ark Invest and 21Shares, with a single-day net outflow of $72.0653 million. The historical total net inflow of ARKB has reached $2.093 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $139.951 billion, the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) is 6.52%, and the historical cumulative net inflow has reached $54.241 billion.
- 03:57Today's Fear and Greed Index is 40, indicating a level of Fear.Jinse Finance reported that today's Fear and Greed Index is 40, indicating a level of fear. Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + bitcoin's dominance in the overall market (10%) + Google trend analysis (10%).
- 03:57A whale address known for frequently buying high and selling low panic sold 7,800 ETH.According to Jinse Finance, Lookonchain monitoring shows that as the market declines, a whale address, which is often influenced by market sentiment and tends to buy high and sell low, has once again panic sold 7,800 ETH (worth $34 million) at an average price of $4,363.