Market Overview – What Happened in the Last 24 Hours?

The global cryptocurrency market cap stands at $3.85 trillion, reflecting a 2.2% change over the past day. Trading volume totaled $111 billion, showing moderate activity as markets digest macro pressures and crypto-specific shifts.

Bitcoin News

🔸 Bitcoin starts August with a correction—analysts warn of bearish pattern
Bitcoin dipped roughly 5% over the weekend, sliding from ~$118,330 to as low as ~$112,300. Trend analysts note August historically underperforms. Holding support at $110K–112K remains critical; if broken, BTC could fall toward $99K based on historical patterns.

🔸Metaplanet snaps up 463 BTC during dip, reinforcing its treasure strategy
Japan’s Metaplanet purchased 463 BTC ($115,895 each) for $53.7 M, lifting its total holdings to 17,595 BTC ($2B). Now at 8.4% of its 210,000 BTC target (set for 2027), the firm plans to raise up to ¥555 B ($3.7 B) via preferred shares to avoid dilution and sustain accumulation.

🔸BlackRock ETF poised to dominate after SEC options limit increase
The SEC raised Bitcoin ETF options position limits from 25,000 to 250,000. NYDIG’s Greg Cipolaro sees this giving iShares Bitcoin Trust (IBIT) a “monstrous lead” over competitors like FBTC. IBIT currently has ~$85.5 B AUM vs. FBTC’s ~$21.3 B. The change may lower volatility, boosting institutional demand.

Legal & Regulatory

🔸CFTC and SEC to co-develop crypto regulation under White House mandate
In response to the White House’s crypto policy framework, the CFTC launched a “crypto sprint” to coordinate with the SEC on market structure and enforcement, aligning rules for U.S. digital asset firms.

Infrastructure & Stablecoins

🔸Monero’s Qubic project hits by DDoS attack, pool hashrate impacted
Monero’s developer-run Qubic pool faced a denial-of-service attack, temporarily disrupting mining. The incident raises concerns about scalability and operational risk in privacy coin infrastructure.

🔸Cardano community approves $71M in funding for network upgrades
Cardano stakeholders voted in favor of a $71 million treasury allocation to support upcoming protocol improvements and ecosystem expansion, signaling continued investment in DeFi growth.

🔸Ether whales continue to accumulate during correction
Ethereum “megawhale” wallets increased holdings amid the Bitcoin-led dip. On-chain trends show sustained capital inflows into ETH, even as BTC faced seasonal headwinds.

🔸Solana memecoins falter— revenue drops in 2025
Activity on Solana-based memecoin launchpad shrank in Q2, pointing to lower speculative demand. The dip contrasts sharply with March peaks, reflecting a wider cooling in meme-driven token launches.

🔸Bullish IPOs loom for U.S. crypto, led by BlackRock/ARK pipelines
Institutional confidence is rising as firms—including BlackRock and ARK—prepare crypto-linked IPOs. Analysts view these as a sign the sector is entering a mature, regulated growth phase.