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Dissecting the Tether Imbalance on Curve and Uniswap

Kaiko says Curve’s 3pool and Uniswap V3’s main USDT-USDC pool both became imbalanced late last week, as USDT selling escalated. However, the research firm points out the trend actually started in mid-July, well before the Curve exploit. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Bitcoin Starts August in the Red, Slipping Below $29K

CoinDesk Indices head of research Todd Groth, CFA, joins "First Mover" to discuss how the crypto market performed in July, with a focus on the impact of Ripple’s partial court victory against the U.S. Securities and Exchange Commission (SEC).

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Crypto Investors Saw $303M Worth of Losses From Exploits and Hacks in July: CertiK

Data from blockchain security firm CertiK shows that crypto traders have lost $303 million worth of digital assets in exploits and hacker attacks this month, putting July on track to be the worst month this year in terms of stolen value. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Hype Over AI-Related Tokens Appears to be Wearing Off: Kaiko

Kaiko data reveals that AI-related cryptocurrency tokens, including Fetch.ai and Singularity Net, recently saw their lowest trading volumes since January, following a buzzy launch of ChatGPT that stimulated investor interest earlier this year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Several Top DeFi Assets Moved Higher This Week Despite Pullback Across Broader Market: CMI Data

CoinDesk Market Index data reveals the broad market index moved lower this week, as only 25 of 183 assets returned positively, with 52 outperforming bitcoin. This comes as several top DeFi assets have moved higher during the same time period, despite the pullback across the broad market. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Altcoin Dominance Touches 4-Month High: Kaiko

According to Kaiko, bitcoin dominance has fallen since Ripple's partial court victory against the SEC. BTC dominance across the top 25 centralized exchanges is currently at 27%, which is the lowest level since April. CoinDesk's Jennifer Sanasie explains why this is causing the altcoin markets to rally in "Chart of the Day."

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El Salvador's Bonds Skyrocket Amid Bitcoin's 2023 Rally

Since Fitch downgraded El Salvador’s debt rating in September 2022 with a prediction of a debt default in January 2023, the country’s junk-rated bonds have skyrocketed, mirroring bitcoin’s meteoric rise throughout 2023. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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To the MOON: Reddit Community Tokens Rocket Amid Rule Change Speculation

Moons (MOON), the native token of Reddit's r/CryptoCurrency community, is surging over 100% in the last 24-hours, according to data tracked by CoinGecko. CoinGecko's co-founder and COO, Bobby Ong, told CoinDesk the speculation about impending changes to Reddit has driven the token higher. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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XRP Short Traders Notch Highest Losses This Year After Ripple's Partial Win

A landmark court ruling drove XRP prices to nearly double in the past 24 hours before receding, with XRP shorts losing the most money so far this year. Coinglass data shows XRP-tracked futures traders racked up a total of $58 million in losses as a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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AI-Related Crypto Tokens Jump as Elon Musk Unveils New ChatGPT Competitor

AI-related crypto tokens posted gains after Tesla CEO Elon Musk announced a new company focused on artificial intelligence called xAI, as an alternative to ChatGPT. SingularityNET rose 11% over the past 24 hours and Fetch.ai also climbed roughly 7% during the same time period, according to CoinGecko. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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