After the U.S. July CPI release, the U.S. 10Y Treasury yield stood at 4.672%, and market odds for the Federal Reserve to keep rates unchanged in September rose to 60%. BTC traded at $63,625 and ETH at $1,884.02. Total crypto market capitalization stood near $2.27T, and the Fear and Greed Index stood at 29. The evening update focused on SOL treasury earnings, tokenized stock issuer rankings, corporate BTC reserve financing, AI memory and device supply chains, and selected on-chain incident updates.
1. FWDI posts $69M quarterly net loss as SOL holdings reach 7.8M
Nasdaq-listed FWDI reported quarterly revenue of $10.8M and a net loss of $69M, mainly tied to fair-value adjustment and impairment on digital assets. The company held about 7.55M SOL on June 30 and about 7.8M SOL on August 3. During the quarter, the company added more than 500,000 SOL through purchases and staking.
Assets to watch: SOL
2. bStocks rises to second place among tokenized stock issuers
Binance bStocks rose to second place among tokenized stock issuers by asset size, ahead of xStocks. Securitize missed earnings expectations, tokenization revenue declined, and shares fell 16%. Tokenized stocks, on-chain U.S. equities, and RWA products remained in the evening candidate pool.
Assets to watch: ONDO
3. Metaplanet issues $1.3M BitBonds, Strategy sells BTC for a second week
Japan-listed Metaplanet said it had not sold any BTC and issued $1.3M in private BitBonds to support its BTC reserve strategy. Strategy sold BTC for a second consecutive week. The two corporate disclosures covered BTC reserve financing and BTC sales.
Assets to watch: BTC MSTR
4. SK Hynix discloses $720B AI memory expansion plan
SK Hynix disclosed a $720B AI memory expansion plan covering domestic memory manufacturing clusters in South Korea. CoreWeave reported quarterly revenue of $2.58B and shares rose 16%, while Cerebras fell 14% after earnings. Lenovo's CEO said the company plans to launch AI PCs with Nvidia RTX chips later this year.
Assets to watch: NVDA CRWV CBRS
5. Fidelity files to add staking to spot ETH ETF
Fidelity filed with the SEC to add staking to its spot ETH ETF, which is near $900M in size, and set quarterly payout arrangements. The filing covers staking income distribution and ETF product feature expansion. ETH traded at $1,884.02 in the evening.
Assets to watch: ETH
6. Harmony discloses abnormal minting of 4B ONE, ONE falls 37%
Harmony disclosed an on-chain incident involving about 4B ONE minted without authorization. ONE fell 37% on the day, and the project team is reviewing a network rollback plan. This item keeps the evening decline and project response update, instead of repeating the earlier abnormal minting description alone.
Assets to watch: ONE
7. XRP bridge discloses bug, futures open interest reaches post-October high
An XRP ecosystem bridge disclosed a code bug that treated false deposits as real deposits, with some assets moved out. XRP futures open interest also rose to the highest level since last October. This item combines the bridge incident with the evening derivatives-positioning update.
Assets to watch: XRP
8. Precious metals and crude oil move lower in the evening
Gold futures traded at $4,439.7 per ounce, down 0.62% on the day. Silver traded at $64.83, down 1.33%. WTI crude traded at $81.71 per barrel, down 1.87%, and Brent traded at $87.36, down 1.82%. Evening commodity prices moved lower than the morning snapshot.
Assets to watch: XAU XAG CL BZ
Market Snapshot
BTC: $63,625 | ETH: $1,884.02
Gold: $4,439.7 | Silver: $64.83
WTI: $81.71 | Brent: $87.36
S&P 500: 7,748.5 | Nasdaq: 29,742.6