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Daily Market Wrap | Aug. 11
Hot Topics
El Salvador’s Investment Banking Law allows investment banks to hold Bitcoin and offer crypto services to sophisticated investors.
The U.S. national debt surpassed $37 trillion in August 2025.
Fundamental Global filed a $5B shelf registration to acquire up to 10% of Ethereum.
Montenegro proposed €500M in bonds to create a national Bitcoin reserve.
Trump's tariffs raised the U.S. average tariff rate to 20.11% by August 2025.
Market Updates
Ethereum jumps over 20% following Pectra upgrade.
DeFi liquidity reached a record $270 billion in July 2025, while NFT decentralized applications slightly surpassed DeFi in user activity.
Zora surged 50% to over 13 cents as large purchases and new perpetual contracts boosted trading volume.
Bitcoin bulls tested the $122,056 Fibonacci resistance level, aiming for $140,000 or risking a deeper correction.