Market Trends & Cryptocurrency Performance - Crypto majors experienced a rally followed by a retracement ahead of PPI data release [1] - Bitcoin reached a new all-time high (ATH) of $124,500 overnight before retracing [1] - Ethereum ETFs saw $729.1 million in net inflows on Wednesday, the second-largest day on record [1] - Memecoin leaders were mostly down, including DOGE (-3%), Shiba (-2%), PEPE (-4%), PENGU (-6%), BONK (-3%), TRUMP (-1%), SPX (-6%), and FARTCOIN (-1%) [1] Partnerships & Developments - MetaMask is reportedly partnering with Stripe to launch a stablecoin mmUSD [1] - Google Play Store briefly introduced and then reversed a policy requiring licenses for crypto wallets, impacting custodial wallets [1] - Coinbase announced a partnership with Mercuryo to lower on-ramping fees for USDC on Base and also partnered with Squads to accelerate USDC adoption on Solana [2] Price Targets & Institutional Activity - Standard Chartered raised its Ethereum price target to $7,500 by the end of 2025 and $25,000 by 2028 [1] - Bullish, a crypto exchange backing institutions, had a volatile IPO debut, soaring 3x from its IPO price of $37 to over $100 before settling at $67 [1] NFT Market - ETH NFT leaders experienced corrections after the ETH rally, with Punks down 2% at 51.5 ETH, Pudgy down 6% at 13.6 ETH, and BAYC down 6% at 12.2 ETH [2] - Azuki introduced a new collaboration with Moser & Cie, offering $25,000 and $75,000 watches [2] AI & Crypto - The overall AI x Crypto market cap was up 3% to $13.6 billion [2]
X @TylerD 🧙♂️
TylerD 🧙♂️·2025-08-14 12:11