Global markets were mixed as the Dow Jones (+0.04%) edged higher, while the S&P 500 (-0.24%) and Nasdaq (-0.67%) declined. Investors weighed rising inflation and falling job creation against potential easing of US tariffs. The UK's inflation rate surged to 3.8%, casting doubt on further rate cuts, while New Zealand's central bank cut rates to 3% with further cuts expected. The US-China trade dispute escalated as China moved to restrict Nvidia AI chip sales following "insulting" remarks by US Commerce Secretary Lutnick. The Fed minutes highlighted a split over the effects of Trump's tariffs on inflation, ahead of Powell's closely watched Jackson Hole address.

The global crypto market cap increased 1.15% in the past 24 hours to $3.88tn.

  • In the past 24 hours, crypto liquidations decreased 23% and totaled $346.77m. Notably, the value of long positions liquidated plummeted by 65.2% to $132.2m, while short positions liquidated surged by 177% to $214.66m. Short positions accounted for 61.9% of these liquidations. In terms of market share, ETH dominated with 40.5% of total liquidations, followed by BTC at 24.1%.
Source: Coinglass
  • According to SoSo Value data, US Spot BTC ETFs recorded another daily net outflow on August 20 of -$311.6m. This continues a recent trend of outflows, with the past three days seeing a total of -$956.7m in net outflows. Notably, the top ETFs by AUM, including IBIT, FBTC, and GBTC, all saw substantial daily outflows, with IBIT leading the pack at -$220m.
US BTC Spot ETFs. Source: SoSo Value
  • According to data from SoSo Value, US Spot ETH ETFs also recorded a daily net outflow on August 20 of -$240m. This substantial decline is part of a larger trend, with the past few days showing notable outflows, including -$422m on August 19 and -$197m on August 18. In contrast, the weekly net inflows had been positive in the preceding weeks, with $2.7bn and $1.2bn inflows in the periods ending August 15 and August 8, respectively.
US ETH Spot ETFs. Source: SoSo Value
  • Pump.fun has regained its market dominance in the Solana memecoin launchpad space by gaining over 73% in market share over the last seven days, solidifying its position as a leading platform in this sector.
  • A US judge has ruled that EminiFX and its founder, Eddy Alexandre, must repay $228 million to thousands of investors who were defrauded through the company's Ponzi scheme.
  • According to a Binance Research report, tokenized stocks are nearing a major inflection point similar to the early days of decentralized finance, potentially signaling a significant shift in the market and substantial growth or change for this emerging sector.