Market Overview
| Asset | Level | 1d Change | 7d Change | 30d Change |
|---|---|---|---|---|
| Global Crypto Market Cap | $3.78T | -0.90% | – | – |
| BTC | $111,513 | +0.66% | -8.37% | -3.90% |
| ETH | $4,027 | +1.00% | -7.82% | -11.21% |
| Dow Jones | 46,253 | -0.04% | -0.95% | +2.17% |
| S&P 500 | 6,671 | +0.40% | -1.03% | +3.46% |
| Nasdaq | 22,670 | +0.66% | -1.18% | +5.45% |
| VIX | 20.64 | -0.82% | +26.08% | +26.24% |
Fed Chair Jerome Powell said the central bank is nearing a point where it will stop reducing the size of its bond holdings, potentially leading to an end in the tightening program and opening the door to future rate cuts.
The Federal Reserve’s Beige Book report indicates that companies are caught between absorbing the costs of tariffs or passing them onto customers, resulting in higher prices for consumers.
The US has warned that if China proceeds with its policy on rare earths and critical minerals, Washington will retaliate, potentially leading to a ‘decoupling’ of the world from China, which could have significant trade and economic implications.
US Spot ETF Flows
| Asset | Daily Inflow | Daily Change | Weekly Inflow | Total Assets | Daily Volume |
|---|---|---|---|---|---|
| BTC ETFs | $-94.0M | -191.6% | $-317.9M | $152.7B | $4.6B |
| ETH ETFs | $5.3M | -97.7% | $-187.0M | $27.7B | $2.1B |
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
| Liquidation Type | Value | % of Total | 24h Change |
|---|---|---|---|
| Total Liquidations | $411.08M | – | $-84.44M (-17.04%) |
| Shorts | $145.68M | 35.4% | $-47.78M (-24.70%) |
| Longs | $265.39M | 64.6% | $-36.66M (-12.14%) |
| BTC | $86.26M | 21.0% | $-33.74M (-28.12%) |
| ETH | $128.55M | 31.3% | $-58.54M (-31.29%) |
- Binance faces a significant crisis with $21.75 billion in outflows and accusations of margin system exploitation, resulting in a decline in the price upside momentum of its native cryptocurrency, BNB.
- Bitmine acquired 104,336 ETH, worth around $417 million, on Thursday, as ETH prices fell 20% from August highs, bringing its treasury to over 2.5% of the total ETH supply.
- Stablecoin issuer Paxos accidentally minted 300 trillion PYUSD tokens (worth $300 trillion at its 1:1 dollar peg) on Wednesday before burning them 22 minutes later due to an “internal technical error,” prompting Aave to temporarily freeze PYUSD trades while the stablecoin briefly dropped 0.5% before maintaining its peg.
- Franco-German bank ODDO BHF launched EUROD, a MiCA-compliant euro-backed stablecoin on Wednesday in partnership with Flowdesk and Fireblocks, joining a growing wave of European stablecoins including SG-Forge’s EUR CoinVertible and AllUnity’s EURAU as Europe pushes for euro-denominated alternatives to dollar-pegged tokens like USDT and USDC, which dominate 83% of the $306 billion stablecoin market.
- CME Group’s futures open interest in the top four cryptocurrencies surpassed Binance for the first time, reaching $28.3 billion compared to Binance’s $23 billion and Bybit’s $12.2 billion following Friday’s record $19.2 billion liquidation event, though unregulated exchanges still dominate trading volumes with over $100 billion daily compared to CME’s $14 billion average, and CME’s cash-settled futures with 40% maintenance margins (roughly 2.5x leverage) contrasted with crypto exchanges offering up to 100x leverage helped it weather the crash better.
