Daily Market Wrap | Aug. 14

Hot Topics

• Bitcoin surpassed $124,000, setting a new all-time high, driven by anticipation of a September interest rate cut and strong institutional demand.
• Kazakhstan’s Fonte Capital launched Central Asia's first spot Bitcoin ETF, BETF, on August 13 on the Astana International Exchange.
• Trump signed an order on August 13, 2025, easing space industry regulations to speed up rocket launch licensing.

Market Updates

• Coinbase lost $300,000 to MEV bots exploiting a misconfigured 0x swapper contract.
• MetaMask is set to launch its USD-pegged stablecoin, mUSD, with assistance from Bridge and Blackstone.
• Ethereum DEXs outpaced Solana with $24.5B in 48-hour trading volume, fueled by institutional demand and ether ETF inflows.
• NFT market cap hits $9.3B, fueled by Ether surge.