⚡️Coingape Evening Brief ⚡️
🔎 Yesterday’s Updates
🔹 Crypto markets #lost over $200B in 24 hours as Bitcoin weakness triggered broad #selling pressure across digital assets.
🔹 Arthur Hayes exited his entire $18M position, sending @HyperliquidX lower and signaling a more cautious market outlook.
🔹 @Ripple expanded $RLUSD across 40+ blockchain networks, while the $XRP Ledger prepared for its major 3.2.0 #mainnet upgrade.
🔹 @Coinbase and #Better Mortgage issued the first U.S. Bitcoin-backed mortgage, marking another step toward crypto adoption in traditional finance.
🔹 The #CLARITYAct continued gaining traction, with Senator Cynthia Lummis outlining a potential Senate #vote before the August recess.
🎯 Today’s Focus
👀 #Grayscale warned Strategy may sell more #Bitcoin in the future as capital-raising conditions become more challenging.
👀 Standard Chartered maintained its $100K Bitcoin target, arguing the market bottom is nearing despite recent #volatility.
👀 #Kalshi launched Ethereum perpetual futures for U.S. traders and is exploring additional crypto #listings.
👀 Coin traders are closely watching the upcoming 163M token unlock, which could become a key catalyst for price action.
👀 Institutional #Ethereum accumulation remains strong as @BitMNR unveiled plans to raise $300M to expand its treasury.
