Cardano Surges 6% as $663M Volume Drives Altcoin Rotation
663M Volume: Cardano ADA surges 6% with $663M in daily volume as a broad altcoin rotation lifts Avalanche, Polkadot, and Akash. Here’s what’s driving the move.
Artificial intelligence through a market lens: earnings from the companies building AI, chip demand and supply, valuations, funding rounds, and the capital flowing into compute and data centres.
663M Volume: Cardano ADA surges 6% with $663M in daily volume as a broad altcoin rotation lifts Avalanche, Polkadot, and Akash. Here’s what’s driving the move.
Cosmos Hub’s ATOM token surged 6% in 24 hours to a $703M market cap as renewed interest in interchain architecture lifted the broader IBC ecosystem.
BlackRock launches Tokenized Cash products BSTBL and BRSRV, bringing $15.34T in assets to on-chain money market settlement for institutional treasuries.
Bitmine’s Total Supply stake reached 4.8%, with 5.8 million ETH and $11.3B in holdings, nearing 5% and gaining sway over staking yields.
Trump Media moved 2,628 Bitcoin worth $165M to Crypto.com on Aug. 2, denying any sale, as DJT shares fell 25% and 4,261 BTC remains in custody.
Coldcard Bitcoin Exploit has drained 1,367 BTC worth $88 million from 4,585 addresses, exposing a major hardware wallet security failure.
Ripple’s end-to-end stablecoin platform has signed more than 50 financial institutions, betting RLUSD rails can replace correspondent banking for cross-border.
Strategy disclosed holding 843,775 Bitcoin in its Q2 earnings filing, making it the world’s largest institutional holder and widening its lead over every rival.
SharpLink Gaming insiders filed three Form 4 disclosures with the SEC on July 27, all backing the company’s Ethereum treasury strategy amid a flat market.
PayPal Stablecoin expansion follows an $8.68 billion Q2 revenue beat, bringing PYUSD to checkout and Venmo for 400 million accounts.