Takeaways

The US Department of Commerce published key economic statistics on a blockchain platform for the first time this week: US GDP jumped 3.3% year-over-year in July, higher than previous advanced estimates. The positive economic data sent crypto and tradfi markets higher.
Hut 8 will reportedly double its power capacity by building four new US sites, bringing total capacity above 2.5 GW: The announcement had a positive effect on the firm’s stock, bringing it to a seven-month high on Tuesday.
Bitwise has filed an S-1 to create a spot Chainlink ETF: The filing said the purpose of the ETF would be to accurately reflect the value of LINK, the native token of the Chainlink network.
Pantera Capital announced it is seeking up to $1.25 billion to create a publicly-listed company to accumulate SOL tokens: The plan would commence with a $500 million raise and follow with an additional $750 million.
French chipmaker Sequans has filed for an offering to raise up to $200 million to fund additional bitcoin purchases: The firm already holds more than 3000 BTC and has set an ambitious goal of 100,00 BTC by 2030.#Crypto Market Rebound #Altcoin Market Rebound #Gate Square Mid Autumn Creator Incentive #Fed Rate Cut Expectations #Will Crypto Market Break Out in September?