Also: the Democrat gains on Trump but hasn’t closed the gap, unlike in polls; Polymarket punters trade on Olympic women’s boxing controversy; Fed will cut rates fast and hard in September, say bettors.Source
The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday’s crypto market sell-off.Source
Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.Source
Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin.Source
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.Source
Ether prices also fell to $2.2K.Source
A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom.Source
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.Source