08-24 | Daily news

BTC was at $77,210, down 0.05% over 24 hours, while ETH was at $2,437.09, up 0.45%. The U.S. 10Y Treasury yield was 4.714% and gold futures were at $4,669.7. The S&P 500 and Nasdaq 100 rose 0.43% and 0.33% in the latest session, while WTI and Brent fell 1.96% and 1.92%.

1. Gold and silver move lower

At 09:49 on August 24, gold futures were at $4,669.7, down 0.23%, while silver was at $68.575, down 1.37%. Both declined during Asian trading. Gold is widely used for reserves and hedging, while silver also has broad industrial demand, so their intraday moves can differ.

Assets to watch: XAU XAG

2. Total crypto market capitalization falls to about $2.608 trillion

At 09:49 on August 24, total crypto market capitalization was about $2.608 trillion, down 2.66% over 24 hours. Total trading volume was about $88.57 billion, and BTC dominance was 59.26%. The dataset covered 18,640 active crypto assets, with BTC accounting for more than half of total value.

Assets to watch: BTC

3. U.S. 10Y Treasury yield falls to 4.714%

At 09:49 on August 24, the U.S. 10Y Treasury yield was 4.714%, down 0.024 percentage points from the previous trading observation. The S&P 500 and Nasdaq 100 readings were 7,674.37 and 29,308.859, while gold futures were at $4,669.7. Long term yields are commonly used to discount equity and precious metal valuations.

Assets to watch: SPX500 NAS100 XAU

4. WTI and Brent extend declines

At 09:49 on August 24, WTI crude was at $85.35, down 1.96%, while Brent was at $92.58, down 1.92%. Both benchmarks continued to fall during Asian trading. Markets awaited details of new U.S. economic sanctions on Iran, while WTI and Brent remained the main global crude pricing benchmarks.

Assets to watch: CL BZ

5. Phantom to end Sui support

On August 24, Phantom and Sui said the wallet integration would end on September 24. Users can migrate their wallets before the deadline or convert SUI into other assets supported by Phantom without a conversion fee. The change affects wallet access and asset management, while the Sui network itself will continue operating.

Assets to watch: SUI

6. Abraxas Capital builds $783 million hedge position

On August 24, Abraxas Capital opened about $783 million in short positions on Hyperliquid while holding 73,872 ETH as a spot hedge, worth about $173.17 million. Combining long spot exposure with shorts can reduce directional exposure, although the short positions still generate unrealized gains or losses as prices move.

Assets to watch: HYPE ETH

7. Wintermute short positions rise to $190.77 million

On August 24, Wintermute increased its Hyperliquid short positions from $146.19 million to $190.77 million, with an unrealized loss of $5.85 million. Its three largest shorts involved ETH, BTC and SOL, with notional values of about $53.02 million, $30.66 million and $22.62 million. Notional value is not the same as a realized loss.

Assets to watch: HYPE ETH BTC SOL

8. About 1,000 WBTC moves to F2Pool

On August 23, about 1,000 WBTC moved from an unknown wallet to F2Pool, with an onchain value of about $77.41 million. The transaction confirms a transfer from one address to a mining pool related platform, but does not establish a change of ownership or the next use of the assets.

Assets to watch: BTC

9. ENA rises to $0.176

On August 23, ENA traded at $0.176, up 11.31% over 24 hours and more than 112% over the previous week, reaching its highest level since January 2026. Ethena is associated with stablecoin and yield products, while ENA is used for protocol governance. The 24 hour and weekly percentages cover different periods and should not be added together.

Assets to watch: ENA

10. HYPE long position shows about $57.18 million unrealized gain

On August 23, an address held a 1.38 million HYPE long position worth about $110 million, with an unrealized gain of about $57.18 million. The position, opened in November 2025, had paid about $4.98 million in funding and remained open. Funding is a periodic payment between long and short perpetual positions.

Assets to watch: HYPE