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The S&P 500 slipped 0.43% as profit-taking hit most sectors ahead of Nvidia earnings and key inflation data. Gold holds near $3,374 as dovish Fed signals lift rate cut bets. Technicals suggest a push toward $3,400, with focus now on Friday’s PCE data. The Coindesk Indices, which tracks the broader crypto market, fell 6.18%, with Bitcoin and Ether down 1.67% and 9.01%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
The month’s top performer is MNT, up 42.0% after Mantle surged on L2 momentum driven by banking apps, strategic treasury use, and $MNT integration.
Mantle Network (MNT), launched in July 2023, is a modular Ethereum Layer 2 that offers scalable, secure transaction processing. As the largest modular L2 per L2beat, it plans to integrate ZK rollups and EigenDA, making it well-suited for DeFi and financial applications. Castle Labs highlights Mantle’s rapid rise as an L2 focused on bridging DeFi and traditional finance, driven by strategic treasury deployment, institutional products like the UR banking app and ReserveOne fund, and deep $MNT token integration. The report credits Mantle’s modular design (via EigenDA), strong mETH growth, and alignment with Bybit for its momentum, while hinting at future $MNT supply reduction and expanding RWA focus as key differentiators in the competitive L2 landscape.
Football Dot Fun, a Web3 fantasy soccer game on Base, has surged with over $25.7M in trading volume and 10,284 users in under two weeks. Players trade fractionalized shares of real footballers using in-game Gold, with shares depleting as players appear in matches. The ecosystem’s market cap jumped from $60M to $160M over the weekend, and some traders saw 3–4x portfolio gains. Built with simple UX and strong viral mechanics, it's emerging as a breakout consumer app akin to NBA Top Shot. Meanwhile, BTC dipped after a whale sold 24,000 BTC for ETH on Hyperliquid.
Category | Flow (millions) |
GBTC | - |
Non-GBTC | 148.3 |
Total | 148.3 |
Yesterday, BTC spot ETFs saw a total net inflow of $148.3 million, entirely from non-GBTC products, while GBTC had no flow.
SoSoValue, an AI-driven crypto research and data platform, has rolled out new "Starter Pack" tasks that let users earn over 100,000 points for free. These tasks are simple to complete and also help participants qualify for the confirmed Airdrop 2. It's a good opportunity for new users to get started and gain early rewards.