Bitcoin extended a gentle recovery to $88,200 as markets probe early signs of stabilisation with total crypto market capitalization rising to $3.03 trillion.
Ethereum and Solana ETFs posted strong inflows of $97 million and $58 million each, while Bitcoin ETFs continue to bleed with $151 million outflow.
Derivatives data shows position unwinds, not aggressive shorting, which marks a constructive shift.
Onchain stress remains high, but momentum, flows, and structural metrics hint at bottom formation.
Market sits inside the $84,000–$90,000 accumulation range with volatility risk elevated.
BIP-110’s forced activation path and a parallel fork threaten to turn a technical dispute into a live chain-split risk just as Bitcoin searches for a price floor.
The exchange that invented the 100x perpetual swap says the closure follows a strategic review rather than financial trouble or regulatory pressure, and will unwind positions on a fixed schedule starting August 26.
Chairman Park Hyeon-joo framed the newly acquired exchange as the foundation for a broader tokenization and stablecoin platform, not a standalone trading venue, days after Mirae Asset pushed its stake in the exchange to 97%.
The expansion starts with Hong Kong-listed equities and will extend to the UK, Europe and South Korea, using GTN's 90-market brokerage infrastructure to move xStocks beyond its US-stocks-only starting point.
