🚀 CMC Market Pulse: August Derisking, Momentum Fades. BTC -1.8%, ETH +0.2%. Funding cools, longs get clipped. Saylor buys 21,021 BTC. SEC okays in-kind for BTC & ETH ETFs. Kraken eyes $500M IPO at $15B. Let’s break down this week’s top crypto narratives 🧵 1/6
📉 Market Overview: Total crypto mcap slipped 0.33% to $3.931T. BTC -1.81%, ETH +0.19%. Daily long liquidations ran $250-$400M. Funding fell to low single digits/negative clear risk-off. S&P -0.48%, Nasdaq +0.06%. 2/6
đź“° Narrative of the Week: Brokers Go Crypto Interactive Brokers explores a customer stablecoin. eToro rolls out tokenized stock trading on ERC-20 with 24/7 access. Trad brokers lean into newly loosened rules and crypto demand. 3/6
🗓️ Major Project Updates: Binance launches RWUSD (RWA-backed Earn). Monad teases mainnet for late Sep ’25. Linea adds native ETH yield + burns 20% of fees. SuperRare exploit (~$730K) patched; other funds safe. 4/6
🏦 DeFi Brief: Hyperliquid experienced a 37-min outage, now restored. Aave cuts emissions 25% while keeping buybacks. Pear Protocol goes live using Hyperliquid’s backend. Ethena’s “Liquid Leverage” with Aave boosts USDe/sUSDe liquidity. 5/6
💡 Key Takeaways: 🔹 Momentum cooled, funding down, longs trimmed 🔹 SEC in-kind greenlight is a big win for ETF plumbing Stay informed, stay ahead: 6/6
Show original
346.09K
201
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.