【Late-night Review】Crypto markets are mixed today, with both bulls and bears in play. On the positive side, Bithumb has listed the O token on the KRW market, and Upbit added trading for the RLUSD stablecoin. BNB Chain’s Q2 performance is impressive: an ETF listing in the Nasdaq, SpaceX tokenized on-chain activity, and a quarterly burn of 1.57 million BNB (about $1 billion).
Risk warnings: Bybit has delisted 8 tokens including XTER/SCA; Binance has stopped supporting the SOPH mainnet; and decentralized storage project STORJ Labs has filed for bankruptcy. SK Hynix perpetual contracts on Hyperliquid suddenly collapsed to $900; South Korea’s Kospi plunged 11%, dragging BTC back by 2%.
Sentiment: Easing tensions from US–Iran diplomatic negotiations has helped relieve geopolitical pressure; oil prices have fallen and bond market yields are lower. The crypto market is now waiting for the Fed’s interest rate decision.
NFA | DYOR
#DeFi #Stablecoin #CEX #KoreanMarket #MacroReview
Risk warnings: Bybit has delisted 8 tokens including XTER/SCA; Binance has stopped supporting the SOPH mainnet; and decentralized storage project STORJ Labs has filed for bankruptcy. SK Hynix perpetual contracts on Hyperliquid suddenly collapsed to $900; South Korea’s Kospi plunged 11%, dragging BTC back by 2%.
Sentiment: Easing tensions from US–Iran diplomatic negotiations has helped relieve geopolitical pressure; oil prices have fallen and bond market yields are lower. The crypto market is now waiting for the Fed’s interest rate decision.
NFA | DYOR
#DeFi #Stablecoin #CEX #KoreanMarket #MacroReview