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Crypto US stocks are making headlines with Circle soaring post-IPO, Coinbase scaling internationally, and GameStop stirring speculation despite unclear execution.
The stablecoin market is booming, hitting $251 billion in June as exchange inflows suggest traders are eyeing a breakout in Bitcoin and Altcoins. While momentum has cooled, strong liquidity points to bullish potential ahead.
Polyhedra Network’s ZKJ token has seen a dramatic price crash following a liquidity attack, yet traders remain optimistic, anticipating a potential recovery supported by the network’s corrective measures.
Magic Internet Money (MIM), a Bitcoin-based meme coin, spiked to an all-time high today, only to drop 79%. Kraken's "Rune June" and community excitement could explain the surge, though its volatility highlights meme coin risks.
As Bitcoin hovers below $107K, traders focus on the FOMC interest rate decision, but experts believe changes to the Supplementary Leverage Ratio could spark the next crypto rally.
- 05:31The total cryptocurrency market capitalization has dropped by 5.4% in 24 hours, now reported at $3.72 trillionBlockBeats News, August 3 — According to CoinGecko data, the total cryptocurrency market capitalization has dropped by 5.4% in the past 24 hours, now standing at $3.72 trillion. In addition, Bitcoin currently holds a market dominance of 60.5%, while Ethereum's market dominance is 11.1%.
- 05:31Previously strong altcoins see broad declines, with VINE and ZORA nearly halved from their recent highsBlockBeats News, August 3 — According to market data, as the market undergoes a correction, previously strong altcoins have seen widespread declines, including: VINE has dropped 29.8% in a single day and is now priced at $0.06662; ZORA has fallen 15.6% in a single day and is now priced at $0.05402; ENA has declined 9.7% in a single day and is now priced at $0.5271.
- 05:31August 1 Sees $920 Million in Long Positions Liquidated Across the Market, Marking the Largest Long Liquidation Day Since February 25BlockBeats News, August 3 — According to data from Coinglass, long positions across the entire network were liquidated for a total of $922.2 million on August 1, marking the largest single-day liquidation of longs since February 25 of this year. It is worth noting that after February 25, the market underwent more than two months of downward consolidation.