BTC traded at $77,776.9, down 3.75% over 24 hours, while ETH stood at $2,443.35, down 2.96%. Total crypto market capitalization was approximately $2.64 trillion, down 5.40% over 24 hours. The U.S. 10-year Treasury yield was 4.730%, gold futures traded at $4,504.10, and the S&P 500 and Nasdaq 100 fell 0.25% and 0.70%, respectively, in their latest sessions.
1. BTC falls below $78,000
On August 29, BTC traded at $77,776.9, down 3.75% over 24 hours, after moving between $76,851.3 and $80,856.7. Total crypto market capitalization fell 5.40% over the same period, while BTC accounted for about 59.0% of the market. As the largest crypto asset by weight, BTC has an outsized effect on broad market indexes.
Assets to watch: BTC
2. Hourly crypto liquidations rise to $203 million
Hourly data released on August 29 showed crypto derivatives liquidations rising to $203 million, including $196 million in long positions. BTC and ETH liquidations reached $86.08 million and $59.80 million, respectively. Liquidations measure forced closures of leveraged positions and are not the same as net outflows from spot markets.
Assets to watch: BTC ETH
3. BHYP ETF-linked wallet stakes another $15.19 million in HYPE
On August 29, a wallet linked to Bitwise's BHYP Hyperliquid ETF delegated another 188,790 HYPE, worth approximately $15.19 million. The wallet now has about $74.89 million in HYPE staked. HYPE traded at $80.274, down 4.65% over 24 hours. Wallet staking shows how existing token holdings are deployed onchain and should not be treated as ETF share creations.
Assets to watch: HYPE
4. Bitwise Solana ETF assets pass $1 billion
On August 28, the Bitwise Solana Staking ETF passed $1 billion in assets under management 10 months after launch, accounting for more than half of total U.S. spot Solana ETF assets. Since the products began trading, combined volume has exceeded $13 billion and net inflows have reached about $1.7 billion. SOL traded at $104.092, down 3.93% over 24 hours. Assets under management are a stock measure and differ from daily net flows.
Assets to watch: SOL
5. Gold drops more than $120 after hawkish rate comments
On August 28, Federal Reserve Chair Kevin Warsh said inflation remained too high and suggested that rate increases could be needed in the coming months. Spot gold fell 2.6%, or more than $120, that day. COMEX gold futures later traded at $4,504.10, down 3.43%, while the U.S. 10-year Treasury yield rose to 4.730%. Higher rate expectations increase the opportunity cost of holding non-yielding assets.
Assets to watch: XAU
6. Lambda signs a $1 billion private debt agreement
On August 28, Nvidia-backed cloud computing company Lambda signed a $1 billion private debt agreement. The proceeds will be used to purchase Nvidia GPUs that are expected to be leased to Microsoft. The agreement finances chip procurement and does not mean Nvidia has already completed delivery or recognized the full amount as revenue.
Assets to watch: NVDA
7. Circle sets December 1 deadline for CCTP V1 shutdown
On August 28, Circle said it will begin phasing out CCTP V1 on October 31 and complete the shutdown on December 1. Applications that still route USDC through V1 contracts need to migrate to V2, which supports standard transfers, fast transfers and programmable hooks. The change affects cross-chain routing and application integration, not USDC's redemption mechanism.
Assets to watch: CRCL
8. Anthropic offers 10,000 initial Claude Team seats to researchers
On August 28, Anthropic launched a Claude Team program for researchers in fields including mathematics, chemistry and physics, with an initial allocation of 10,000 seats. Standard seats are free, while premium seats cost $15 per month and provide five times the standard usage limit for one year. The program changes access and usage allowances for research teams, not the underlying model's capabilities.
Assets to watch: ANTHROPIC
9. Spark upgrades Borrow with Morpho-powered isolated markets
On August 28, Spark moved to the new spark.finance domain and launched updated Spark App and Spark Borrow experiences. The product combines multi-collateral borrowing on Ethereum mainnet with single-collateral isolated markets built on Morpho infrastructure and curated by Spark. Isolated markets use separate risk parameters for each collateral type to limit risk transmission between markets.
Assets to watch: MORPHO
10. ECB executive calls for central bank money on blockchain
On August 29, European Central Bank Executive Board member Isabel Schnabel said central banks should bring central bank money onto blockchain infrastructure. She said programmable distributed ledgers could modernize monetary-policy implementation, collateral management and liquidity provision. The statement is a policy proposal for settlement infrastructure, not a confirmed launch timetable.
Market snapshot
BTC: $77,776.9 (24h -3.75%) | ETH: $2,443.35 (24h -2.96%)
SOL: $104.092 (24h -3.93%) | HYPE: $80.274 (24h -4.65%)
Gold: $4,504.10 (-3.43%) | U.S. 10-year Treasury yield: 4.730%
S&P 500: 7,711.76 (-0.25%) | Nasdaq 100: 29,433.428 (-0.70%)