According to Golden Finance, according to Coingecko data, the total market value of cryptocurrencies fell below 2 trillion US dollars and is now reported at 1.986 trillion US dollars, a single-day drop of 9.4%.
According to Golden Finance, according to Coingecko data, the market value of Ethereum fell below the $300 billion mark, falling to $282,764,221,980 at the time of writing, with a trading volume of $34,011,094,215 in the past 24 hours. According to 8MarketCap data, due to the short-term decline of ETH, the current market value of Ethereum has been surpassed by LVMH, Coca-Cola and Bank of America, falling to the 40th place in global asset rankings.
According to BlockBeats, on August 5, global stock markets continued to fall. Japanese stocks fell more than 4.4% in early trading, falling below 35,000 points. South Korea's KOSPI index fell more than 3%, and Australia's S&P/ASX 200 index fell 2.1%.
● Japan's Topix index triggered the circuit breaker mechanism and fell into a technical bear market
According to Odaily Planet Daily, Japan's Topix index triggered the circuit breaker mechanism. Japan's Topix index fell 20% from its July high and fell into a technical bear market.
● IMX, XAI, ENA and other tokens will unlock more than $60 million this week
According to Foresight News, Token Unlocks data shows that this week IMX, XAI and ENA will usher in a one-time large-scale token unlocking, with a total release value of more than 60 million US dollars
● Bank of America expects the Fed to cut interest rates by 25 basis points in September
According to Odaily Planet Daily, Bank of America believes that the weaker-than-expected July non-farm payrolls report, following other weak data such as the ISM manufacturing report, helped lock in the Fed's September rate cut. As a result, we have adjusted our outlook for monetary policy, leaning toward further rate cuts. We now expect the Fed to cut interest rates by 25 basis points at its September meeting. Despite this, we still expect the Fed to gradually ease monetary policy. While making this adjustment in expectations, we have also lowered our expectations for the final interest rate of the upcoming normalization cycle, lowering our expectations by 25 basis points to 3.25-3.5%. If the economy cools faster than we or the Fed expect, then this means a reduced need for a long-term high-interest rate policy stance.
● The US Bitcoin spot ETF has accumulated a net inflow of US$17.508 billion since its launch
According to Odaily Planet Daily, Farside Investors data showed that the US Bitcoin spot ETF has had a cumulative net inflow of US$17.508 billion since its launch, of which Grayscale GBTC had a net outflow of US$19.059 billion, BlackRock IBIT had a net inflow of US$20.097 billion, and Fidelity FBTC had a net inflow of US$9.799 billion.
● US tells G7 Iran could attack Israel within 24 hours
On August 5, AXIOS reported that the United States informed the G7 that Iran could attack Israel within the next 24 hours, according to BlockBeats.
