Ethereum (ETH) options traders continued to show a clear preference for upside exposure, even as overall positioning cooled and open interest slipped—an early sign that bullish conviction is being tempered by caution rather than expanding aggressively. As of 12:50 a.m. ET on Friday, Aug. 8, data compiled by CoinGlass showed total Ethereum options 'open interest' (OI) at $4.3325 billion, down 5.64% from $4.5917 billion a day earlier. Options trading volume over the past 24 hours totaled roughly $847.3 million. The composition of outstanding positions remained tilted toward calls. Call...

Bitcoin (BTC) long positioning among top futures traders eased on Friday, with the sharpest pullback concentrated in ‘USDT-margined’ accounts—an early sign that some leveraged bulls are de-risking rather than adding exposure ahead of the next directional move. Data from Coinglass, compiled at 9:15 a.m. KST on Aug. 8 (12:15 a.m. UTC), showed that in ‘coin-margined’ futures (positions collateralized with crypto), BTC’s long share by position slipped to 65.67%, down 2.05 percentage points from the prior day. That represented the largest swing within the coin-margined group, making BTC the most...

Decentralized exchanges (DEXs) saw a fresh burst of speculative activity over the past 24 hours, with aggregate trading volume reaching roughly $11.31 billion and total transactions climbing to about 36.55 million—figures that underscore how quickly liquidity can rotate into high-volatility pairs even as broader market direction remains mixed. Data from DEX Screener, tracked as of Aug. 8 at 12:02 a.m. ET (9:02 a.m. in Seoul), showed the most-watched trending pairs centered on smaller, fast-moving tokens across Solana (SOL) and Ethereum (ETH) ecosystems. The No. 1 trending pair was Katecoin...

Circle Internet Group ($CRCL) rallied more than 7% in New York trading on Monday ET, as investors priced in a mix of regulatory wins and a looming blockchain infrastructure rollout that could broaden the company’s revenue base beyond stablecoin reserve income. Shares closed at $66.67 on the New York Stock Exchange after touching an intraday high of $68.40, extending gains after Bernstein reiterated an ‘Outperform’ rating and reaffirmed a $140 price target. The move came as Circle highlighted progress on multiple fronts, including new banking-related approvals, an expansion of its payments...

Global macro investor Jim Rogers is reminding market participants that the best trades often appear only when fear and mispricing become so obvious that opportunities feel like “money lying on the street.” The message, framed as a mindset for navigating volatile markets rather than a call to buy any specific asset, lands as crypto investors continue to wrestle with sharp swings driven as much by sentiment as by fundamentals. Rogers’ core idea is simple: wait for markets to become unmistakably distorted, then act decisively. In the original quote—widely circulated among investors—he argues...

Canadas labor market delivered a major upside surprise in July, adding 75,000 jobs against economists expectations of roughly 15,000. The stronger-than-expected Canada jobs report contrasted sharply with weakening US employment data, potentially reshaping interest rate expectations and the outlook for Bitcoin and the broader crypto market. Full-time and part-time employment gains were almost evenly divided. Ontario led the expansion with 52,000 new jobs, while finance, insurance, and real estate gained 18,000 positions. Professional, scientific, and technical services added another 17,000....

The US Senate is preparing for a potential September vote on the CLARITY Act, but the crypto market structure bill still lacks the support needed to advance. Senate Majority Leader John Thune reportedly plans to file cloture on the motion to proceed before lawmakers leave for the August recess. The move would set up a procedural vote after the Senate returns in September and signal that Republican leaders remain committed to advancing US crypto regulation. However, securing the necessary votes remains a major challenge. The CLARITY Act would likely need 60 Senate votes to move forward,...

Coinbase CEO Brian Armstrong says crypto adoption and industry growth remain strong despite the Senate delaying action on the CLARITY Act, a major US crypto market structure bill. Armstrong described the Senates failure to advance the legislation this week as disappointing but argued that the broader digital asset industry continues to move forward. He pointed to increasing stablecoin adoption, expanding tokenized real-world asset markets and growing activity in perpetual futures as signs of continued crypto momentum. He also noted that regulatory clarity is improving in some areas and that...

Trump Media and Technology Group (DJT) is pulling back from parts of its cryptocurrency expansion, abandoning plans for a publicly traded company designed to accumulate Cronos (CRO) tokens as the digital asset treasury sector faces tougher market conditions. Trump Media, Crypto.com and Yorkville Acquisition announced Friday that they had mutually agreed to terminate plans for Trump Media Group CRO Strategy. The companies pointed to prevailing market conditions and changing business and stakeholder priorities as reasons for ending the proposed venture. The initiative, announced during last...

American Bitcoin (NASDAQ: ABTC) director Justin Mateen purchased approximately $1.93 million worth of the Bitcoin mining companys shares across two consecutive trading sessions, according to regulatory filings. The insider buying came shortly after American Bitcoin released its second-quarter 2026 financial results. Mateen acquired about 145,000 Class A shares on Aug. 5 for approximately $925,000, paying an average price of $6.40 per share. He returned to the market on Aug. 6, purchasing roughly 162,000 additional shares for around $1 million at an average price of $6.19. Together, the...