Market Influencers

Almost 115,000 traders were liquidated after the market capitalization of the crypto sector soared to just under $4 trillion.

The end of another week is upon us again, which means another tranche of Bitcoin and Ethereum options contracts are expiring as spot markets move higher. 

Two Seas Capital is challenging Core Scientific’s $9 billion sale to CoreWeave, arguing the terms significantly undervalue the miner.

JPMorgan’s permissioned platform will help reduce settlement risk, time, and cost by enabling 24/7 programmable payments

CZ wants dismissal of FTX’s $1.8B lawsuit, arguing U.S. courts lack jurisdiction due to his UAE residency and foreign-linked transactions.

Zora and Farcaster have boosted Base’s token creation, pushing daily launches above Solana’s.

$465M exits ETH ETFs in a single day, with BlackRock and Fidelity leading outflows, signaling a sharp reversal from July’s bullish streak.

Centralized crypto exchange Coinbase is set to raise $2 billion in convertible senior notes, as COIN sagged in pre-market trading.

Compass Point analysts view cooling interest in crypto trading among retail investors as a potential headwind for the exchange.

Coinbase’s UK ad gets banned. CEO says censorship proves the ad struck a nerve, and crypto offers a real solution.

BTC sell-off triggers $1.5B in Binance liquidations. Analysts see negative funding rates and retail capitulation as signs of a rebound ahead.

In July, crypto exchange markets valued the top 8 US dollar stablecoins by market cap at over $245.4 billion. That goes to show how far the blockchain market has developed in the modern financial industry.

Despite strong YoY growth, Kraken’s QoQ metrics dipped due to historically slower seasonal trading in Q2.

Pre-market COIN shares fell over 11% after earnings missed expectations and transaction volumes dropped sharply.

"We can‘t and won‘t stand for it," said Coinbase Chief Legal Officer Paul Grewal as the crypto exchange filed an opposition brief.

The US-based crypto exchange clocked $1.5 billion in revenue, coming in below analysts’ expectations. 

The stablecoin giant said it has $127 billion in exposure to U.S. Treasuries.