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The S&P 500 hit a record close, up 0.83%, as soft jobs data boosted Fed rate cut expectations ahead of the August payroll report. Gold dipped 0.48% to $3,542 as traders took profits ahead of NFPs, despite strong Fed rate cut bets. Mixed US data and political uncertainty continue to support safe-haven demand. The Coindesk Indices, which tracks the broader crypto market, fell 1.74%, with Bitcoin and Ether down 0.4% and 3.58%, 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 PUMP, up 7.1% after Pump.fun launched Project Ascend to boost creator rewards and scale ecosystem growth.
Pump.fun (PUMP), launched in January 2024, is a Solana-based platform that lets anyone easily create, trade, and sell memecoins without coding skills or large capital, lowering the barrier to token launches. Pump.fun has launched Project Ascend, a major upgrade aimed at expanding its ecosystem and improving coin sustainability. Key features include Dynamic Fees V1, a tiered fee system that increases creator earnings up to 10x while aligning fees with coin market caps to support long-term growth. The update also enables 10x faster processing for Creator Fee takeover (CTO) applications, aiming to attract more creators, streamers, and startups to the Solana-based platform.
Check out the latest prices, charts, and data of PUMPUSDT perp contracts!
Fireblocks has launched the Fireblocks Network for Payments, a new stablecoin infrastructure platform aimed at simplifying stablecoin transfers and product development for crypto and financial firms. With over 40 participants including Circle, Zerohash, and Bridge (recently acquired by Stripe), the network enables easier and faster stablecoin movement across partners, reducing engineering costs and error risks. Unlike Circle's USDC-focused system, Fireblocks’ network supports multiple stablecoins and aims to capitalize on growing interest in stablecoins following recent US regulatory clarity.
Category | Flow (millions) |
GBTC | (22.4) |
Non-GBTC | (335.3) |
Total | (357.7) |
Yesterday, BTC spot ETFs saw $357.7M in net outflows, led by $335.3M from non-GBTC funds and $22.4M from GBTC.
Perle Labs, a startup building an on-chain data labeling platform, has launched its first Galxe quest, open to users with X accounts at least 1 month old. Tasks include following on X, joining Discord, and sending one message in the "gm-channel." The quest ends September 11 and includes a 200 USDC raffle. Perle recently raised $17.5M led by Framework Ventures.