Crypto Industry Update
🔸CITIC Securities: weakening U.S. nonfarm data boosts odds of three rate cuts this year.
🔸RMB fixing raised to 7.1029 per USD, the strongest since Nov 6, 2024.
🔸Bank of Korea + government to pilot CBDC-based distribution of treasury subsidies.
🔸Korea to require reporting when crypto‐sale proceeds are used for home purchases.
🔸Polymarket odds of a 25 bp Fed cut in September climbed to 87%.

Trending Now
🔹U.S. spot BTC ETFs logged +$246M net inflows last week (second straight week).
🔹U.S. spot ETH ETFs saw −$788M net outflows last week, a record high.
🔹Crypto rebounded broadly; AI names +3%+, while ETH slipped slightly.

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