Eric Balchunas: Gold and Bitcoin ETF earns over $7 billion in weekly earnings

Yardeni Research President Ed Yardeni has raised the year-end target for the S&P 500 from 7700 points to 8250 points, and then to 8400 points. Ed Yardeni believes that the current market is driven by profit momentum, and the valuation is lower than that of the Internet foam in 1999. For the AI market, Ed Yardeni suggests investors avoid chasing individual AI stocks and diversify their investments through Nasdaq 100 index funds and other options. （Morningstar）

According to Bitcoin News on the X platform, Stripe Asset Management purchased 1110 bitcoins for $81.5 million, increasing its holdings to 21356 bitcoins worth approximately $1.7 billion, making it the seventh largest bitcoin holder among listed companies. Strive raised funds by issuing ASST common shares and SATA preferred shares, increasing Class A shares by 3.65 million shares to 79.89 million shares and issuing 441313 SATA preferred shares. CEO Matt Cole stated that the company purchased the aforementioned Bitcoin at an average cost of $73409 per coin. Stripe previously purchased 147 pieces at an average price of 64800 US dollars and 79 pieces at an average price of 63231 US dollars, totaling 226 pieces. In June, Stripe purchased 2500 bitcoins for $185.2 million, increasing its holdings to 19000. As of August 21st, Stripe's cash and cash equivalents increased from $154.8 million to $171.9 million, with SATA preferred stock priced at approximately $100.

The monthly core personal consumption expenditure PCE price index increased by 0.2% month on month and 3.3% year-on-year, which is in line with expectations. Ellen Zentner, Chief Economic Strategist at Morgan Stanley Wealth Management, stated that the warm and unexpectedly positive inflation data and strong economic performance are not enough to change the decision-making balance of the September Federal Open Market Committee (FOMC) meeting. (Yahoo Finance)

[Main Password: Is the main force of multi platform BTC secretly building a bottom?] Multi-platform major funds are probing intensely, bottom-side moves adding complexity to market dynamics...

VanEck stated that 12 quantitative indicators indicate that the Bitcoin bear market has ended, and stated that Saylor's Strategy sell-off behavior is in line with the bottoming out feature of newspaper headlines. （Bitcoin Archive）