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The S&P 500 dipped 0.4% amid rate cut uncertainty and retail sector weakness, led by Walmart’s earnings miss. Gold dipped 0.30% to $3,339 amid mixed US data and hawkish Fed signals, with traders awaiting Powell’s Jackson Hole speech. Rising yields and fading rate-cut hopes kept XAU/USD below key resistance at $3,350. The Coindesk Indices, which tracks the broader crypto market, fell 1.35%, with Bitcoin and Ether down 1.87% and 2.68%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is AAVE, up 2.4% following the launch of Aave V3 on Aptos, its first non-EVM deployment featuring a full Move rewrite and enhanced security measures.
Aave (AAVE), founded in 2017, is a decentralized DeFi platform that allows users to lend and borrow crypto through liquidity pools. Lenders earn interest by supplying assets, while borrowers take overcollateralized loans to ensure fund safety. Originally peer-to-peer, Aave now uses pooled liquidity to facilitate transactions. Aave V3 has launched on Aptos, marking its first deployment on a non-EVM chain. The integration required a full codebase rewrite in Move and collaboration with Chainlink for price feeds. The launch includes assets like APT, sUSDe, USDT, and USDC, with gradual cap increases. Security was prioritized with audits, a CTF, and a $500K bug bounty. Users can access the protocol via the Petra wallet at aptos.aave.com.
Singapore’s DBS Bank has launched tokenized structured notes on Ethereum, giving investors crypto exposure without directly holding assets. The product offers cash payouts when crypto prices rise and downside protection if they fall. Partnering with ADDX, DigiFT, and HydraX, DBS aims to make such assets more tradable. This move aligns with growing institutional interest in asset tokenization, a trend also embraced by BlackRock, Bank of America, and Citi.
Check out the latest prices, charts, and data of ETHUSDT perp and ETH/USDT spot contracts!
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | (66.9) |
Total | (66.9) |
Yesterday, BTC spot ETFs saw a total net outflow of $66.9 million, driven entirely by non-GBTC products, while GBTC recorded no inflows or outflows.
If you're rotating ETH from Mitosis, Symbiotic and Superform are both solid options. Superform (live on Base, Linea, etc.) may offer a near-term airdrop, having already launched its foundation. Symbiotic (ETH mainnet only) has a longer-running points program and may offer a larger airdrop due to higher projected FDV. The suggested strategy is to start with Superform, then rotate to Symbiotic post-airdrop if timing allows.