Key takeaways from our latest Eyes on the Market:

1) Equities hit record highs and crypto lagged. The S&P rose 0.44% to 7,785.76, a third straight weekly gain, and the Russell 2000 added 3.15%. BTC fell 3.08% to $62.8K and total market cap fell 2.22% to $2.160T.

2) CPI landed exactly on consensus. Headline 3.4% y/y, core 2.5%. Polymarket now prices 75% hold against 25% hike, versus 56% and 41% on August 10.

3) Regulation Crypto proposal vote delayed. No replacement date for the back up proposal for CLARITY. CLARITY sits at 20% on Polymarket, down from 25%. Both the legislative and regulatory paths are now stalled.

4) Q2 13Fs show banks growing ETH exposure three times faster than BTC. Morgan Stanley added 18.6% to ETH against 3.7% to BTC in coin terms; JPMorgan added 67.3% to ETH against 12.2% to BTC.

5) BTC ETFs saw $385.2M in net outflows. ETH ETFs lost $3.0M. ETH continues to hold up better than BTC.

Read the full piece:
https://x.com/DWFLabs/status/2089337076684640304?s=20