Base may launch network token

The post Crypto Inflows Surge on Weak US Economic Data appeared on BitcoinEthereumNews.com. Crypto inflows benefited from a weaker-than-expected US macroeconomic data last week, pushing investments to $3.3 billion. It came as US economic data elevated Bitcoin (BTC) and crypto’s role as an alternative asset class. Sponsored Sponsored US Economic Data Drives Crypto Inflows to $3.3 Billion Last Week The latest CoinShares report shows crypto inflows rose to $3.3 billion last week, a significant recovery after the $352 million outflows for the week ending September 6. The correction followed price gains across individual crypto tokens, pushing total assets under management (AuM) to $239 billion. Notably, this was the highest level since the early August all-time high of $244 billion. CoinShares’ head of research, James Butterfill, ascribes the trend reversal to weaker-than-expected US economic data last week. Among them was the CPI (Consumer Price Index), which, at 2.9% YoY, aligned with market expectations. “Digital asset investment products returned to inflows last week, totaling $3.3 billion, following weaker-than-expected US macroeconomic data,” read an excerpt in the latest report. For regions such as Germany, Friday saw the second-largest daily crypto inflows on record. Meanwhile, Bitcoin stole the show, attracting $2.4 billion in inflows. This was the largest weekly crypto inflows since July. Sponsored Sponsored Nevertheless, short-bitcoin products recorded modest outflows, bringing their AuM down to just $86 million. Ethereum Breaks 8 Days of Consecutive Outflows However, the key highlight in last week’s inflows was Ethereum, which broke a successive streak of negative outflows. It bucked the trend against the 8-day pattern to record four straight days of inflows last week. This brought their inflows to $646 million. Crypto Inflows Last Week. Source: CoinShares Report In hindsight, Ethereum had been the main cause of the weekly net outflows ending on September 6. Therefore, the change seen in crypto inflows and outflows over the past several weeks suggests capital…

Polkadot has introduced a hard cap of 2.1B DOT tokens, which will reduce issuance every two years, ending indefinite annual issuance under its previous inflationary system, thereby reshaping tokenomics while aligning with long-term scarcity.