Zach Pandl: ETH and SOL's inflation reduction plan or price support

According to South Korean media Digital Asset, Upbit operator Dunamu had a revenue of KRW 173.5 billion and operating profit of KRW 23.5 billion in the second quarter, a decrease of approximately 26% and 73% respectively from the first quarter. Dunamu stated that the overall liquidity contraction in the global digital asset market has led to weakened investment sentiment, which has had an impact on this quarter's performance.

According to Coinbase Platform, Coinbase plans to conduct system maintenance starting from 1am on August 17th (UTC+8), with an expected duration of up to 4 hours. During this period, user fund security will not be affected, but multiple products may experience performance degradation or unstable experience.

Morgan Stanley's 13F filing with the US SEC shows that as of June 30th, it holds 16.5 million shares of IBIT with a market value of $549 million. Morgan Stanley holds 2.57 million shares of MSBT worth $43.3 million, and has increased its holdings of Bitcoin Mini Trust, Bitwise Bitcoin ETF, and FBTC. In terms of Ethereum, its ETHA holdings increased to 4.6 million shares, and the holdings of the Gray Ethereum Pledged Mini ETF increased to 5.1 million shares. Morgan Stanley has newly established positions in Grayscale Solana Pledged ETF and Fidelity Solana Fund, with market values of $4.25 million and $2.26 million, respectively. In terms of individual stocks, Morgan Stanley increased its holdings of Circle shares to 8.32 million, while increasing its holdings of Cipher Digital, Core Scientific, Hut 8, and Bitdeer, reducing its holdings of Coinbase and CleanSpark, and clearing its position in Bitfarms.

The volatility and skewness of Bitcoin native options continue to compress, and market positions are concentrating on key exercise prices. The data shows that the overall layout of the options market is becoming clearer. （glassnode）

According to Onchain Lens monitoring, BlackRock transferred 249.16 BTC (approximately $15.65 million) and 301.76 ETH (approximately $566000) from its IBIT and ETHA wallets to Coinbase Prime three hours ago. （Onchain Lens）