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The S&P 500 jumped 1.52% on rate cut hopes, with markets eyeing key tech earnings and July PCE data this week. Gold slipped 0.22% to around $3,365 as a stronger USD pressured prices, though rate cut hopes and rising Russia-Ukraine tensions may limit further downside. Traders await the US Q2 GDP data for additional direction. CoinDesk Indices, which track the broader crypto market, fell 1.03% in the past 24 hours, while Bitcoin up 0.01% and Ether down 0.26%. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is QTUM, up 35.6% as the countdown to its second halving hits 97 days, marking a key milestone ahead of the mainnet’s 8th anniversary.
Qtum (QTUM), founded in 2016, is a public blockchain platform combining Bitcoin’s UTXO model with smart contract support. It’s built on Proof of Stake, offers enterprise-friendly tools for dApp development, and supports its own QRC-20 token standard. QTUM is the native token used for gas fees, staking, and governance. Qtum’s second halving is now 97 days away, scheduled to cut the block reward from 0.5 QTUM to 0.25 QTUM. This milestone comes as the Qtum mainnet approaches its 8-year anniversary, following a similar four-year halving cycle to Bitcoin. The reduced issuance is expected to impact supply dynamics and long-term token economics.
ETH hit a new all-time high of $4,946 as the crypto market cap surged past $4 trillion, driven by Fed Chair Powell’s signal of potential rate cuts in September. The news sparked renewed interest in ETH from institutions and whales, with BTC rotating into ETH and large long positions opening. Analysts expect ETH to break $5,000 soon, possibly marking the start of a new altcoin season.
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
18 August 2025 | 0.0 | (121.7) | (121.7) |
19 August 2025 | (115.5) | (407.8) | (523.3) |
20 August 2025 | (9.0) | (306.9) | (315.9) |
21 August 2025 | 0.0 | (194.4) | (194.4) |
22 August 2025 | 6.4 | (29.6) | (23.2) |
Total (weekly) | (118.1) | (1,060.4) | (1,178.5) |
Current Total (from inception): | (23,922) | 77,699 | 53,777 |
BTC spot ETFs saw a weekly net outflow of $1.18B, driven by $1.06B from non-GBTC products and $118M from GBTC. Despite the recent outflows, total net flows since inception remain positive at $53.8B.
OpenMind, a decentralized AI platform for robotics powered by OM1 and the FABRIC protocol, has launched its waitlist. Backed by Pantera, Coinbase Ventures, and Pi Network, the project recently raised $20M. Users can join the waitlist, connect Twitter and Discord, and complete onboarding tasks like surveys and social sharing to earn points and improve their rank. The project shows strong backing and early engagement incentives.