Main Crypto News: ETH and DeFi Steal the Spotlight
Ethereum’s leading the pack with a strong surge, outpacing Bitcoin’s modest rise—BTC briefly touched $110K. Solana’s up nicely, riding DeFi’s wave. BTC ETFs saw inflows, ETH ETFs gained more—cash is chasing heat. SEC’s Atkins declared staking isn’t a securities transaction, vowing to clear DeFi regulatory hurdles—AAVE and UNI are soaring. HYPE hit an all-time high, its assistance fund now holding $1B, while staked Ethereum reached a record.
Circle’s stock quadrupled post-IPO, South Korea’s greenlighting stablecoins, and BlackRock’s BTC ETF hit $70B AUM faster than any other. Siebert’s raising $100M for crypto, Japan’s ANAP adopted a BTC reserve, and Societe Generale launched a USD stablecoin— Trad-Fi’s all in. ADA’s founder unveiled a BTC DeFi protocol, and Tether’s MOS goes open-source in Q4—crypto’s unstoppable.
Macro Trad-Fi: Stocks Pause, Trade Talks Resume
NASDAQ’s flat, gold’s steady—U.S. stock futures dipped after a calm day. Tesla rallied after Trump vowed to keep it; U.S.-China trade talks restarted. VIX dropped 63% in nine weeks, but Buffett’s overpriced indicator nears a peak—silver hit a 13-year high. U.S. debt ceiling looms mid-August, RFK Jr. axed CDC vaccine experts, and Trump deployed troops in LA—tensions simmer. Amazon’s betting $20B on AI—tech’s alive.
ChadFi: HYPE and FARTCOIN Lead DeFi Chaos
HYPE, MOG, and FARTCOIN ($1.3B, Coinbase perps coming) dominate—Milady and Zeeverse NFTs shine. Plasma’s ICO bridged $500M in minutes, VERSE hit $1B FDV on PumpFun—degens are feasting.