The US economy grew by 3.8% in the second quarter, exceeding previous estimates of 3.3%, with consumer spending being stronger than initially reported. The US president announced a 100% tariff on imported branded pharmaceutical products, as well as levies on heavy trucks, kitchen cabinets, and bathroom vanities, with tariffs ranging from 25 to 100 percent. Initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000, with economists having expected jobless claims to inch up to 235,000.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-258.5M
-207.2%
$-484.2M
$144.4B
$5.4B
ETH ETFs
$-251.2M
+216.5%
$-547.3M
$25.6B
$3.3B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$928.33M
-
$+557.52M (+150.36%)
Shorts
$112.84M
12.2%
$+46.44M (+69.93%)
Longs
$815.49M
87.8%
$+511.09M (+167.90%)
BTC
$247.34M
26.6%
$+192.25M (+348.96%)
ETH
$312.37M
33.6%
$+135.32M (+76.43%)
Solana futures' open interest has surged to a new all-time high of 72 million Sol.
Perpetual DEX trading volumes hit a record $70 billion on Thursday led by Aster's $36 billion in daily volume, though community members questioned whether the surge reflected genuine market conviction or aggressive incentive farming ahead of the platform's airdrop rewards.
Sharplink, a major public holder of Ethereum, has notified the SEC of its plans to tokenize its common stock on Superstate's Open Bell tokenization platform.
PayPal partnered with DeFi protocol Spark to boost PYUSD liquidity through SparkLend's stablecoin lending markets, attracting over $135 million in deposits since August as the broader stablecoin market approaches $300 billion amid growing demand for yield-bearing stablecoins.
BlackRock filed to register a Delaware trust company on Thursday for its proposed Bitcoin Premium Income ETF, which would generate yield by selling covered call options on Bitcoin futures while trading away potential upside, according to Bloomberg analyst Eric Balchunas.
Circle president Heath Tarbert told the Financial Times on Thursday that the company is exploring "reversible" USDC transactions to help recover funds from fraud and hacks while maintaining settlement finality, a concept that challenges crypto's foundational principle of immutable transactions but could help stablecoins integrate with traditional financial systems that require reversibility mechanisms for institutional-scale operations.
A sophisticated phishing campaign is targeting crypto personalities' X accounts by exploiting X's app authorization system with fake "Calendar" apps that use Cyrillic characters to mimic legitimate apps, bypassing passwords and two-factor authentication while appearing credible through manipulated link previews that show Google Calendar despite redirecting to malicious domains, according to crypto developer Zak Cole who reported the attack on Wednesday.
