Yesterday’s Biggest Headlines

Crypto Market Watch

1. Bitcoin rose toward $64,000 as selling pressure eased. CoinDesk reported that BTC gained 1.6% over 24 hours and traded as high as $64,160 as markets absorbed the Coldcard exploit and Strategy's latest sale. U.S. spot Bitcoin ETFs attracted about $170 million in the prior session, even as sentiment remained in extreme fear.

2. BlackRock expanded tokenized money-market access to Solana and Ethereum. Decrypt reported that the asset manager launched a stablecoin-reserve vehicle and tokenized shares of an existing Treasury-based liquidity fund. The products use permissioned on-chain shares and do not invest in cryptocurrencies.

3. BitMine bought another 10,399 ETH and stepped up its stock buyback. Decrypt reported that the purchase was worth about $19.5 million and lifted the company's holdings to 5.8 million ETH. BitMine also repurchased 4.5 million shares during the week under its authorized buyback program.

4. Wells Fargo joined the push to tokenize Wall Street’s settlement rails. CoinDesk reported that the bank plans to launch tokenized deposits for selected corporate clients, beginning with round-the-clock dollar-to-pound transactions on its proprietary blockchain. The initial rollout is expected to expand across more clients, currencies, and countries in 2027.

Equity Market Moves

5. U.S. stocks closed at records as earnings and lower oil prices lifted risk appetite. The Associated Press reported that the S&P 500 rose 1.8%, the Dow gained 1.7%, and the Nasdaq jumped 2.6%. Palantir surged 29.5%, while Nvidia, Broadcom, and Micron also posted strong gains.

6. AMD reported record second-quarter revenue of $11.5 billion. AMD Investor Relations said revenue increased 50% year over year as data-center sales more than doubled. The company guided for approximately $13 billion in third-quarter revenue, plus or minus $300 million.

7. South Korea’s Kospi rebounded 1.6% after two sessions of extreme volatility. The Associated Press said the index recovered after falling 5.1% on Monday and surging 17.9% in the prior session, with Samsung Electronics and SK Hynix keeping AI-chip sentiment at the center of the market.

Commodities Watch

8. Brent crude dropped 5.3% to $79.36 a barrel. The Associated Press said hopes that oil tankers could move more freely through the Persian Gulf reduced the immediate supply-risk premium. The decline also helped pull the U.S. 10-year Treasury yield down to 4.62%.

9. Gold stayed above $4,000 as traders weighed inflation against Middle East uncertainty. Reuters reported that spot gold eased 0.3% to $4,030.34 an ounce, while U.S. August futures settled 0.4% lower at $4,090.50. Analysts said the metal remained in a roughly $4,000-to-$4,200 range as inflation concerns offered support but higher-rate expectations limited gains.

Today’s Watchlist

• Bitcoin's response around $64,000 after the latest ETF inflows and whether Ethereum and Solana can retain their gains
• AMD's market reaction to record revenue, 107% data-center growth, and its $13 billion third-quarter outlook
• Circle's earnings and what the results signal for stablecoin competition and tokenized cash products
• U.S. index follow-through after the S&P 500, Dow, and Nasdaq reached records
• South Korean chip shares after the Kospi's sharp three-session reversal
• Brent crude after its 5.3% drop and any new signals on Persian Gulf shipping
• Gold's hold above $4,000 as traders assess inflation, interest-rate expectations, and Middle East risk

edgeX Market Lens

August 4 linked three market themes: improving institutional crypto flows, expanding tokenized-finance infrastructure, and strong AI-related earnings. Bitcoin participated only modestly in the broader risk rally, making the next test whether ETF demand can support a more durable move while equities digest record levels. In commodities, oil's sharp decline contrasted with gold’s resilience above $4,000, showing that geopolitical and inflation hedges remained in demand even as the immediate energy-supply premium eased.

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