Daily Market Wrap | Aug. 06

Hot Topic

• Trump promoted a White House executive order targeting  crypto discrimination banks like JPMorgan and Bank of America.
• Gold Gains as weaker economic data boosts fed rate cut bets
• The SEC says that liquid staking doesn’t violate securities laws

Market Updates

• Bitcoin 90-Day Volatility Falls to record low below 40 as U.S. spot bitcoin ETFs drove steady institutional inflows.
• Bitcoin Treasuries add 630 BTC while U.S. spot Bitcoin ETFs saw $323.5M in outflows
• Pendle lets crypto traders bet on Bitcoin, ether funding rates with Boros platform
• Base network says sequencer handoff failure caused 33-minute mainnet outage