This week's Market Insights by CMC:

Market Snapshot: Bitcoin slid 1.81% while Ethereum eked out a 0.19% gain, dragging total crypto capitalization down 0.33% to $3.931 trillion

Risk-Off Sentiment: Daily long liquidations of $250–400 million and funding rates dipping into low single digits (or negative) point to traders scaling back bullish bets

Big Moves: Michael Saylor’s fund scooped up 21,021 BTC ($2.46 billion), and Kraken gears up for a $500 million IPO at a $15 billion valuation

Narrative of the Week: Legacy brokers jump in—Interactive Brokers is eyeing its own stablecoin, while eToro launched 24/7 tokenized stock trading on ERC-20

Project Updates:

Binance rolled out RWUSD, an RWA-backed Earn product

Ethereum L2 Linea unleashed native ETH yield and slashed 20% of network fees via protocol burns

Monad teased a September mainnet launch

DeFi Brief: Aave trimmed emissions by 25%, Hyperliquid’s 37-minute downtime exposed DEX fragility, and Ethena teamed with Aave for Liquid Leverage incentives.

Fundraises & Airdrops: RWA-stablecoin L1 Plasma closed a 7× oversubscribed $373 million sale; Manifold Labs raised $10.5 M; Linea, Sonic SVM, and Succinct opened fresh airdrops.

Meme-Coin Chatter: Believe App upgraded to API V2, letting new meme tokens include burns, locks, and buybacks.

#MarketSentimentToday #MarketPullback

Source: CoinMarketCap Academy, “CMC Market Pulse: August Derisking, Momentum Fades”