Cryptocurrency markets are trading relatively flat despite positive macroeconomic data fueling hopes of a September interest rate cut.

Notable Statistics:

• IntoTheBlock data notes a 79.8% increase in exchange netflows, while daily activity addresses rose by 4.2%. Transactions greater than $100,000 increased from 7,269 to 8,500 in a single day.
• Coinglass data notes 38,109 traders liquidated for $104.46 million over the past 24 hours.
• Sentiment data shows that during the current downtrend, Bitcoin whale and shark wallets are increasing while small traders sell off their bags. It highlighted a net increase of +261 wallets that now hold at least 10 BTC.
• The German government's Bitcoin is running out as it sent another 5,000 BTC to Flow Traders, Coinbase, Kraken, Bitstamp, 139Po, and bc1qu.

Notable Developments:

• SEC Ends Investigation Into Paxos, Marking Win For Crypto Industry
• Bitcoin Option Traders Expect Near-Term Volatility, Crypto-Asset Trading Experts Say
• Crypto Markets Entangled With $100B In Illicit Funds Since 2019: Report
• Bitcoin Mining Stocks Marathon Digital, CleanSpark And Riot Platforms Are Rising: What’s Going On?
• ‘Bitcoin Development Company’ MicroStrategy Announces 10-For-1 Stock Split

Top Gainers:

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• Is A Bitcoin Pump Imminent? This Indicator Says Yes

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