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Ethereum climbed 1.7% to $4,277.78 on Monday, extending its recent winning streak but market opinions remain sharply divided on how long the momentum can last.
Bitcoin is nearing a potential breakout as retail traders overtake whales in the futures market, while Ethereum contends with high leverage despite record-setting institutional inflows.
Global crypto exchange-traded products (ETPs) recorded $572 million in inflows during the trading week ending Friday, according to data from European digital asset manager CoinShares.
A yet-to-be-identified institutional player has been on a massive Ether (ETH) buying spree, scooping up 221,166 ETH over the past week as the world’s second-largest cryptocurrency rallied 21%.
The LayerZero Foundation has proposed acquiring cross-chain liquidity protocol Stargate in a $110 million deal that would see Stargate’s token (STG) swapped for LayerZero’s native token (ZRO).
SHIB’s holding time drops, signaling bearish sentiment, as the token risks falling below $0.00001295.
- 13:21S&P Dow Jones Indices S&P DJI plans to launch tokenized index productsAccording to ChainCatcher, as reported by Cointelegraph, S&P Dow Jones Indices (S&P DJI) is in discussions with major exchanges and DeFi protocols to launch blockchain-based tokenized index products. Company executives indicated that the initial offerings may include tokenized versions of the S&P 500 Index and the Dow Jones Industrial Average. The company previously partnered with Centrifuge to launch an on-chain index fund based on the S&P 500. Data shows that as of the end of July, the total market value of tokenized financial products had reached $370 million.
- 12:31Bitget Onchain Launches NUB and dollo TokensForesight News reports that Bitget Onchain has listed the Solana ecosystem MEME tokens NUB and dollo. Users can start trading directly in the Onchain trading section.
- 12:31USD.AI AutoVaults to Launch on Arbitrum on August 18Foresight News reports that, according to official sources from USD.AI, USD.AI's AutoVaults will launch on Arbitrum on August 18. As previously reported by Foresight News, USD.AI, a stablecoin protocol providing credit to AI, has completed a $13 million Series A funding round led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum, and others. Developed by Permian Labs, USD.AI issues loans to artificial intelligence companies using graphics processing unit (GPU) hardware as collateral. The on-chain system includes the USD-pegged token USDai and the yield-bearing token sUSDai, which is backed by income-generating computational assets. During its private testing phase, USD.AI secured $50 million in deposits and plans to publicly launch an ICO and a game-based distribution model.