Global markets edged higher, with the Dow (+0.3%), S&P 500 (+0.41%), and Nasdaq (+0.44%) all gaining, despite concerns over US economic policy uncertainty and trade tensions. President Trump's bid to fire Federal Reserve Governor Lisa Cook sparked worries about central bank independence. Consumer confidence dropped to 97.4, above consensus, while non-essential spending showed signs of weakness. The US imposed 50% tariffs on India, and the EU moved to shield its aluminum industry from US tariffs.

US Commerce Secretary Lutnick announced that the U.S. will be issuing economic data on blockchain beginning with GDP data, to be gradually followed by other economic data, in a move to increase transparency, security, and efficiency in economic data dissemination.

The global crypto market cap increased 1.95% over the past 24 hours to $3.87tn.

  • In the past 24 hours, crypto liquidations decreased by 70% and totaled $270.36m. Short positions amounted to $159.58m, of which $59.91m (37.5%) were ETH positions, accounting for 59% of total liquidations.
Source: Coinglass
  • According to SoSo Value data, US Spot BTC ETFs saw a rebound with a daily net inflow of $88.2m, down 59.7% from the previous day's $219m inflow.
US BTC Spot ETFs. Source: SoSo Value
  • According to data from SoSo Value, US Spot ETH ETFs recorded another inflow of $455m, with total assets reaching $29.9bn. This uptick is part of a larger trend, as the weekly net inflows have been consistently positive, with $898m coming in over the past two days and $2.7bn over the week of August 11-15. Daily volumes were substantial at $2.7bn, indicating active trading. While there's been some fluctuation, the overall pattern suggests sustained interest in ETH ETFs, with top funds like ETHA and ETHE holding significant assets under management, at $16.9bn and $5bn respectively.
US ETH Spot ETFs. Source: SoSo Value
  • Binance recorded $1.65 billion in stablecoin inflows on Tuesday, marking the second time this month net deposits exceeded $1.5 billion, which analysts interpret as traders positioning for a potential crypto market rebound despite Bitcoin falling below $110,000 amid heavy liquidations and whale selling, according to CryptoQuant data.
  • Trump Media and Technology Group announced a $6.42 billion deal with Crypto.com and Yorkville Acquisition to create Trump Media Group CRO Strategy, a digital asset treasury company that will be funded by $1 billion in CRO tokens, $420 million in cash and warrants, plus a $5 billion credit line to become the "largest publicly traded CRO treasury company." The entity plans to operate a validator node on the Cronos blockchain to generate staking rewards, though the deal faces criticism from blockchain investigator ZachXBT who called CRO "no different from a scam" and accused Crypto.com of supply manipulation and governance issues.
  • Donald Trump Jr. joined Polymarket's advisory board following a "double-digit millions" investment from 1789 Capital, where Trump Jr. is a partner, as the prediction market seeks a regulated return to the US after being fined $1.4 million by the CFTC in 2022 and acquiring licensed derivatives exchange QCEX for $112 million in July to establish legal compliance.
  • JPMorgan Asset Management has committed up to $500 million to Numerai, an AI-driven hedge fund that uses crowdsourced trading models and operates its own cryptocurrency NMR, which surged 38% following the announcement as the allocation could more than double Numerai's current $450 million in assets under management.