RESOLVING THE LEDGER
This is one outlet's own report from CoinDesk — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 2 sources
Two catalysts are weighing on sentiment.
First, chipmaking stocks tumbled in South Korea, dragging the benchmark Kospi stock index down 11%. The drop, one of its worst single-day declines in years, sent shockwaves across global risk assets.
And on the regulatory front, the U.S. Senate shelved the Crypto Clarity Act for now , opting to prioritize a Russia sanctions bill and federal nominations with just two weeks remaining before the summer recess begins on Aug. 8. The bill's fate this year is now genuinely uncertain.
Ether (ETH) fell 0.56% to $1,880 having failed to rise through the psychological level of $2,000 on Monday. Both the Fed's interest-rate decision on Wednesday and the Senate's remaining floor time loom large over the market this week.
Traditional markets are broadly lower, with Nasdaq 100 index futures down 0.70%, gold shedding 0.93% and silver off 1.50%.
$ 1.9663 and ethena (ENA) are among the few other tokens in the green, gaining 1.54% and 1.46%, respectively, and maintaining a run of DeFi resilience even as broader sentiment sours. FET led the losses over 24 hours, falling 9.48%, with NEAR, HYPE and WLD all shedding 8%-9%. AI and layer-1 tokens took the brunt of the overnight selloff. PUMP $ 0.001986 gave back 3.07% after Monday's strong session. It is still higher than where it was over the weekend as speculators begin to take profit. CoinMarketCap’s “Altcoin Season” indicator is hovering at 53/100, down slightly from Monday but higher than where it has been for the majority of July. Crypto Markets Today Related Assets Bitcoin $ 63,378.18 2.57 % Morpho $ 1.97 0.53 % Pump.fun $ 0.0019 7.59 % Latest Crypto News 1 Apple kept fake bitcoin wallet on App Store after $875,000 theft report, lawsuit alleges 21 minutes ago 2 Bitcoin’s recent stability hasn't been enough to spark a broader altcoin rally 43 minutes ago 3 1inch opens Aqua liquidity protocol across 13 chains 1 hour ago 4 Perpetuals tied to SK Hynix hit by flash crash to $900 on Hyperliquid 2 hours ago 5 BitMEX and BitMart may be first casualties of crypto trading slump 2 hours ago 6 Inside the CME and CFTC’s battle over onchain perpetual futures 4 hours ago 7 Hong Kong’s central bank puts a number on lenders' quantum preparedness. It's very low. 4 hours ago 8 Live updates: Bitcoin falls back to $63,000 as South Korea's Kospi crashes nearly 11% 4 hours ago 9 Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10% 7 hours ago 10 U.S. Senate puts off crypto Clarity Act for now as it focuses limited bandwidth elsewhere 12 hours ago Latest Research Crypto Flows, Share and the Selective Rotation Crypto Flows, Share and the Selective Rotation Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.