Market Trends & Cryptocurrency Performance - Crypto majors experienced declines, with BTC down 2% at $113,200, ETH down 3% at $4,175, XRP down 5% at $2.87, and SOL down 2% at $179 [1] - Memecoin leaders also saw declines, including DOGE down 3%, Shiba down 3%, PEPE down 4%, PENGU down 8%, BONK down 4%, TRUMP down 3%, SPX down 3%, and FARTCOIN down 4% [1] - AI x Crypto market cap decreased by 1% to $12.5 billion [2] Stablecoin Developments - Wyoming introduced its stablecoin FRNT, marking the first-ever stablecoin from a U S public entity [1] - Goldman Sachs anticipates the stablecoin market will reach trillions [1] - Bullish holds $1.15 billion in stablecoins after receiving IPO funds primarily in USDC on Solana and RLUSD on the XRP Ledger [1] - Fluid DEX drives half of stablecoin trading onchain [2] Corporate & Institutional Investments - Air Canada's Pension Fund disclosed a $161 million BTC position [1] - Sharplink acquired 143,593 ETH in the past week at an average of $4,648, now holding 741,000 ETH in total [1] - Nakamoto announced the purchase of 5,744 BTC valued at $679 million at an average price of $118,204 [1] New Listings & Partnerships - Robinhood listed SUI for trading [1] - Robinhood partnered with Kalshi to launch prediction markets for NFL football games [1] - Plasma announced a partnership with Fluid, a DEX for stablecoins [2]
X @TylerD 🧙♂️
TylerD 🧙♂️·2025-08-20 12:29