In July, the U.S. consumer price index rose by 2.9% YoY, down from 3% in June—the lowest since March 2021.

The State of Wisconsin Investment Board added 447,651 shares of BlackRock’s spot #Bitcoin ETF in Q2, bringing its total to 2.9M shares valued at $98.9M.

Goldman Sachs holds over $400M in #Bitcoin ETFs, according to a 13F filing.

DBS Bank & Ant International launch pilot for “DBS Treasury Tokens” to improve multi-currency treasury management.

Grayscale introduces a new fund focused on MakerDAO’s governance token, $MKR.

#Crypto #DeFi #Stablecoins

DeFi Derivatives Fuel Market Resurgence, Daily Volumes Reach $5 Billion

The DeFi market is making a strong comeback in 2024, driven by a surge in onchain derivatives trading, with daily volumes reaching $5 billion amid rising competition.

The decentralized finance (DeFi) market is experiencing a significant revival in 2024, largely fueled by a surge in onchain derivatives trading. After a subdued 2023, the total value locked (TVL) within the DeFi ecosystem has grown by nearly 52%, reaching $82.67 billion by mid-August. This resurgence is marked by the rapid growth in derivatives trading, which has seen daily volumes soar to $5 billion, highlighting the increasing competition and innovation within the sector.
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#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #defi

MEWS FLASH:

- 🌐 The global cryptocurrency market cap stands at $2.04T, up by 2.55%.
- 📉 Bitcoin (BTC) trading at $58,113, down by 0.12%.
- 🚀 Market outperformers: CKB +17%, SYN +10%, TRU +9%.
- 🏦 Grayscale to launch the first U.S. XRP Trust, paving the way for an XRP ETF.
- 🎮 Binance Research unveils Hamster Kombat tokenomics: 75% allocated for player rewards.
- 🇺🇸 U.S. jobless claims hit 230,000 for the week ending September 7.
- 📊 U.S. August PPI rises 0.2%, higher than expected.
- 🇪🇺 European Central Bank lowers deposit facility rate to 3.50%.

#CryptoMarket #Bitcoin #XRP #Grayscale #Binance #HamsterKombat #PPI #Economy #ECB #CryptoNews #DeFi

🚨Weekly Market Highlights

🔹 U.S. Fed cuts rates 50bps, first since 2020
🔹 Bhutan holds 13K BTC (~$820M), 1/3 of GDP
🔹 MicroStrategy issuing $700M note for more Bitcoin
🔹 India, Nigeria, & Indonesia lead in crypto adoption
🔹 Solana reveals Seeker, 140K+ presales
🔹 Trump-backed World Liberty Financial launching $WLFI token
🔹 Phantom introduces Usernames for easy transfers
🔹 Drift Protocol raises $25M Series B
🔹 Glassnode expands analytics with 500+ ERC-20 tokens

#Crypto #Bitcoin #FedRateCut #Solana #DeFi #Web3 #Phantom #BTC #Bhutan #DriftProtocol

🚨 Crypto Market Update 🚨

• Global crypto market cap: $2.23T, +0.24% 📈
• BTC trading at $63,599 (-0.13%) 📉
• Top gainers: FIDA +31%, GHST +23%, OOKI +17% 🚀
• Polymarket seeks $50M in funding, token speculation grows 💰
• Celestia raises $100M, despite TIA falling 54% in 2024 📉

#Crypto #Bitcoin #Blockchain #FIDA #GHST #Celestia #TIA #DeFi #Web3

🚨WEEKLY MEWS FLASH:🚨

Macro/TradFi

• 🇺🇸 Fed may return to 0.25% rate cuts (Jay Powell)
• 📈 Franklin Templeton: Bitcoin & Ethereum ETF proposal
• 🏦 Swift to begin digital asset trials in 2024
• 💳 Visa launches tokenized asset platform (VTAP)

Crypto News

• Vitalik Buterin suggests reducing 32 ETH staking minimum
• 🔥 Tron Network Q3 revenue: $577M
• 💸 PayPal completes its first PYUSD transaction

#Crypto #Bitcoin #Ethereum #DeFi #Stablecoins #Fed #ETF #Blockchain

🚨MEWS FLASH:🚨
🔹 Market Cap Decline: Total crypto market cap down 3%, hitting $2.381T 📉

🔹 Spot BTC ETFs Soar: Retail-driven inflows into spot Bitcoin ETFs reach 65,962 BTC, with 80% from non-institutional investors 🛍️

🔹 BTC Futures Lag: Futures trading volumes drop to $35B, signaling lower speculative interest 📊

🔹 Solana Outpaces Ethereum: Solana DEX volume hits $2.47B vs. Ethereum’s $1.76B 💥

🔹 Saylor’s Advice to Microsoft: MicroStrategy’s BTC success prompts Saylor to suggest similar strategy to Microsoft 🏢

#Bitcoin #CryptoNews #ETFs #DeFi #Solana #MicroStrategy