Global markets rallied as the Dow Jones (+1.1%), S&P 500 (+1.13%), and Nasdaq (+1.39%) all closed higher, driven by July CPI data that met expectations at 2.7% annually with core inflation at 3.1%, boosting Fed rate cut expectations to 94% probability for September. The broad-based rally saw all eleven S&P sectors advance, led by small-cap Russell 2000 (+2.99%) as lower rates benefited rate-sensitive stocks, while Meta hit a record high (+3.15%) after Threads surpassed 400 million users and financials surged on steeper yield curve prospects. European markets gained modestly (+0.21%) despite software stock weakness amid AI competition concerns, while Australia’s ASX200 reached a record close (+0.41%) following the RBA’s widely expected rate cut to 3.60%. Commodities saw mixed performance with oil declining on oversupply concerns while cryptocurrencies rallied, with Bitcoin and Ethereum surging on improved risk appetite.
The global crypto market cap is up 2.21% over the past 24 hours to $4.05tn, with the 24h volume increasing 15% to $221bn.
- In the past 24 hours, crypto liquidations increased by 16% and totaled $519.54m, with 72% of them short positions. The total value of short positions liquidated surged by 370.5% over the past 24h, while long positions liquidated declined by 60.6%. With ETH breaking through $4600 this morning, ETH dominated the liquidations, accounting for 55.15% of the total, while BTC made up only 7.35%.
- According to data from SoSo Value, US Spot BTC ETF market saw a notable decline in daily net inflows on August 12, with a 63% drop to $65.95m, marking a significant slowdown from the previous day’s $178m. Despite this daily decline, the total assets under management remained robust at $155bn, and daily volume held strong at $3bn.
- According to data from SoSo Value, US Spot ETH ETF market also saw a notable decline in daily net inflows on August 12, 2025, with a 48.6% drop to $523.9 million, after the previous day’s $1.02 billion influx. Despite this daily downturn, the total assets under management remain robust at $27.6 billion, and the daily volume of $3.19 billion indicates ongoing interest in the market.
- Ethereum open interest surged to $63.79 billion on Tuesday as ETH traded at $4,289, representing nearly double the value from late June and surpassing the previous all-time high of $58 billion set on July 29, according to CoinGlass data.
- Metaplanet and the UK’s The Smarter Web Company bolstered their positions as major public corporate Bitcoin holders by collectively adding nearly $100 million in Bitcoin to their portfolios on Tuesday.
- Corporate buyers, including Bitmine and Sharplink, are accelerating their purchases of ether as the cryptocurrency nears record highs, driven by institutional demand for a larger share of the supply, with companies raising cash to expand their holdings in the digital asset market.
- OpenEden partnered with BNY Mellon to have the Wall Street bank manage and custody the underlying assets of its Moody’s “A”-rated tokenized US Treasury fund TBILL, marking the first time a global custodian has managed assets for a tokenized Treasury product with such a rating.
- Coinbase revived its Stablecoin Bootstrap Fund to boost USDC liquidity across DeFi protocols, starting with deployments on Ethereum-based Aave and Morpho as well as Solana-based Kamino and Jupiter, six years after the fund first launched in 2019 to support early DeFi platforms like Compound and dYdX.
- The US Justice Department announced on Monday that US and international law enforcement agencies took down servers and websites linked to the BlackSuit ransomware group in late July and seized $1 million in cryptocurrency, targeting a group that has compromised over 450 victims since 2022 and received more than $370 million in ransom payments through Bitcoin transactions on darknet websites.
- The T3 Financial Crime Unit, a collaboration between Tron, Tether, and TRM Labs, announced that it has frozen over $250 million in illicit crypto assets since launching in September 2024 and is expanding with Binance as the first member of its new T3+ program, as industry data shows crypto hackers are moving stolen funds faster than ever with only 4.2% of the $3 billion stolen in the first half of 2025 being recovered.
- Terraform Labs co-founder Do Kwon pleaded guilty to two counts of wire fraud and conspiracy to defraud in a New York federal court on Tuesday, agreeing to $19 million in financial penalties and facing up to 12 years in prison under a plea agreement, after initially pleading not guilty to all nine charges related to the Terra ecosystem collapse that caused an estimated $40 billion in losses.
