The U.S. will investigate China's compliance with the 2020 trade deal, a move that comes before a meeting between President Trump and China's leader, potentially affecting trade relations and market sentiment. President Trump announced he is cutting off trade negotiations with Canada, citing an ad paid for by the province of Ontario that featured Ronald Reagan criticizing tariffs, which may impact trade agreements and economic relations between the two countries. The U.S. imposed sanctions on two major Russian oil companies, Rosneft and Lukoil, in response to Russia's lack of commitment to a peace process to end the war in Ukraine, likely to affect the global oil market and geopolitical tensions.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$20.3M
-120.1%
$355.8M
$149.4B
$3.7B
ETH ETFs
$-127.5M
+579.2%
$-150.3M
$26.0B
$1.5B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$210.49M
-
$-264.54M (-55.69%)
Shorts
$128.39M
61.0%
$-15.22M (-10.60%)
Longs
$82.11M
39.0%
$-249.32M (-75.23%)
BTC
$53.63M
25.5%
$-63.97M (-54.39%)
ETH
$66.40M
31.5%
$-84.39M (-55.97%)
Polymarket is in early talks to raise funds at a $12-15 billion valuation (a potential 10x increase from its $1 billion June valuation), according to Bloomberg on Thursday, as the platform expands partnerships with DraftKings, the NHL, and OpenAI's World project, while weekly trading volumes across prediction markets surpassed $2 billion for the first time with Polymarket capturing 52.3% market share.
US President Donald Trump pardoned Binance founder Changpeng "CZ" Zhao on Wednesday, clearing his November 2023 conviction for failing to implement adequate AML compliance at Binance and potentially allowing his return to the exchange where he remains the largest shareholder, according to The Wall Street Journal and confirmed by Binance on Thursday.
Bitcoin options open interest has surged to a record $63 billion.
Spark allocated $100 million from its stablecoin reserves into Superstate's regulated Crypto Carry Fund (USCC) on Thursday, marking DeFi's first major rotation from US Treasurys into crypto-native basis-trading strategies as declining Treasury yields below 4% force protocols to seek uncorrelated returns beyond traditional interest rate policy.
Custodia Bank partnered with Vantage Bank and Infinant to launch a turnkey platform enabling US community and regional banks to issue tokenized deposits that can convert between FDIC-insured bank deposits and GENIUS Act-compliant stablecoins within a unified banking environment, addressing interoperability challenges while keeping deposits within the traditional banking system rather than losing them to crypto platforms, with early pilot programs demonstrating use cases in cross-border payments, construction disbursements, and supply chain settlement.
