Markets

Markets coverage from the StreamSage Markets desk: Stocks, Bonds, Forex, Commodities, Funds, Derivatives, Crypto Assets. Sources on every story. Page 11.

• Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion

  Ether gained 9% and total crypto market value rose 5.1% following U.S. Treasury's plan to at least double long-dated bond buybacks.

• Grayscale files fourth Zcash ETF amendment, DCG weighs 200,000 ZEC buy

  The filing discloses non-binding talks for a DCG subsidiary to acquire 200,000 ZEC through the trust as ZEC trades near $555.

• Moderna shares jump 177% in record surge

  Short sellers lost $5.5 billion as the vaccine maker's stock reversed its years-long decline.

• BlackRock reports Bitcoin has purged froth after 50% drop

  A new report claims the crypto asset maintained its diversification appeal despite falling more than 50% from its all-time high of $126,000.

• Japanese Firms Post Largest Earnings Beat in Five Years

  Japanese companies posted their largest earnings beat in five years, a result that has fueled hopes the market rally can broaden beyond AI-related trades.

• Large Bitcoin Holders Buy 43,000 Coins in 60 Days

  CryptoQuant data cited by Bloomberg shows whales acquired roughly $2.75 billion in bitcoin after months of selling, as prices recovered to $64,900.

• Farside Reports $137M Inflow for US Spot Bitcoin ETFs

  Fidelity's FBTC supplied 81.5% of the Aug. 17 inflow, which recouped only 35.6% of the prior five-session outflow.

• VanEck reports eight of twelve Bitcoin capitulation signals are active

  The research firm notes that long-term holders sold approximately 356,000 bitcoin over the last month, reducing their share of total supply below 60%.

• Aave TVL down 43% since KelpDAO hack

  Aave lost its top TVL spot among DeFi lending platforms after the $290M KelpDAO cross-chain bridge exploit.

• S&P 500 Energy Index Hits Record High as Oil Rises

  The S&P 500 Energy Sector Index climbed 1.8% on Tuesday to mark its first all-time high since March 27, per Bloomberg Markets.

• MSTR down 75 percent one year after STRC launch

  Strategy launched the STRC token one year ago, and MSTR has lost three-quarters of its value since then, Protos reported.

• 30-Year US Treasury Yield Hits 2007 High

  30-year yields rose to 5.31% on Monday, while Canada and Germany saw similar multi-year peaks.

• Cardano faces governance freeze risk as four committee seats expire

  Enactment is barred before epoch 653, leaving roughly two weeks to avoid a freeze as four committee seats are set to expire.

• Dollar Hits Three-Month Low on Cooled Fed Rate Hike Bets

  The US dollar fell to its lowest point in three months after softer economic data led investors to reduce expectations for additional Federal Reserve interest rate increases.

• Bitcoin futures open interest hits $48B as volume lags at $25B

  CoinDesk reports the liquidity mismatch leaves fewer resting bids below $63,500, raising the risk of volatile price swings.

• Japan 10-Year Yield Hits 1996 High on BOJ Hike Speculation

  The 10-year JGB yield reached 2.93% while the 30-year yield climbed to 4.07%, driven by fiscal concerns and rate hike expectations.

• Copper Futures Near Record as London Spread Widens

  The LME spread between spot and three-month copper hit $543.50 a ton, the widest gap since the 2021 squeeze.

• Slowing ETF demand and treasury selling challenge ARK's $16T Bitcoin target

  US spot-Bitcoin ETFs drew $172.8 million in July while Strategy sold 3,588 BTC, complicating ARK's 2030 valuation model.

• Bond traders weigh $70 billion in hidden AI credit backstops

  Nvidia's new $500 billion financing partnership has traders scrutinizing off-balance-sheet support that could surface during the AI buildout.

• $16.3B Bitcoin ETF positions split into four patterns in Q2 13F filings

  CryptoSlate tracked $16.3B in Bitcoin ETF positions ahead of the Q2 deadline, finding sovereigns held steady while JPMorgan added and UBS shifted options.