Global markets edged higher as US stocks gained 0.2-0.3% with the S&P 500 hitting a record 6,481.40 ahead of Nvidia earnings, which reported $46.7bn revenue and $54bn guidance but fell 2.6% after hours despite beating estimates and announcing a $60bn buyback. European markets rose 0.1% led by luxury stocks after Swatch downplayed tariff impacts. The global crypto market cap increased 0.86% to $3.91tn.
- In the past 24 hours, crypto liquidations totaled $263.24m, with 56% of them long positions.
- According to SoSo Value data, US Spot BTC ETFs recorded a third consecutive session of daily net inflows on Aug 27, totaling of $81.25m.
- According to data from SoSo Value, US Spot ETH ETFs recorded a $307.2m daily net inflow on Aug 27. Despite it being almost 4x higher than BTC ETF inflows for the same day, it still marks a 32.5% decrease from the previous day's $455m inflows.
- Circle announced partnerships with Mastercard and Finastra on Wednesday to embed USDC stablecoin settlement into global payment networks, with Mastercard enabling merchants in Eastern Europe, Middle East and Africa to settle transactions in USDC and EURC, while Finastra integrated USDC into its platform that processes over $5 trillion in daily cross-border transactions for banks in 50 countries.
- Japanese investment company Metaplanet approved a plan to raise 130.3 billion yen ($880 million) through issuing up to 555 million new shares to institutional investors, with $835 million earmarked for Bitcoin purchases to add to its existing 18,991 BTC treasury and $45 million for its Bitcoin Income Business that generates revenue through covered call options on its holdings.
- USDT0 and XAUt0, omnichain versions of Tether's USDT and gold-backed XAUT stablecoins, launched on Polygon network on Wednesday, with USDT0 expanding to its 11th supported blockchain and XAUt0 adding its third integration following debuts on TON and HyperEVM, according to operator Everdawn Labs.