Leveraged Bearish Strategy ETF Surges 19%, Signals Dour Outlook for MSTR and Bitcoin
The Defiance Daily Target 2x Short MSTR ETF (SMST), a leveraged ETF inversely tracking MicroStrategy (MSTR) stock, experienced a significant
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Thursday, August 6, 2026
Latest:
- U.S. Spot XRP ETFs: Five Possible Reasons Behind BlackRock’s Hesitation to File for One
- Here Are 3 Bullish Reasons Why JPMorgan Sees S&P 500 Rallying Much Higher
- Bitcoin Trails Gold in 2025 but Dominates Long-Term Returns Across Major Asset Classes
- XRP Charts Signal Caution to Bulls as Bitcoin Awaits Breakout and Ether Goes Bonkers
- Commodity-Backed Cryptocurrencies Hit 5-Year Minting Record Over Gold Trade Turmoil
Business
Bitcoin ETFs Bleed Millions for 4th Straight Day as U.S. Stagflation Fears Weigh on BTC and Stocks
Investor anxieties surrounding stagflation fueled a fourth consecutive day of net outflows from U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs).
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Pendle Lets Crypto Traders Bet on Bitcoin, Ether Funding Rates With Boros Platform
Pendle’s new Arbitrum-based platform, Boros, introduces a novel approach to trading cryptocurrency perpetual contract funding rates. Users can speculate on
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XRP Prints Lower Highs, Volume Spikes to 169M in Sharp Reversal
XRP experienced a significant price drop on August 6th, falling 4.2% to close at $2.93. This decline followed a period
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China Warns Worldcoin-Style Iris Scanning a National Security Threat
China’s Ministry of State Security (MSS) has issued a stark warning about the national security risks associated with the misuse
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DOGE Sheds 5% as Volume Quadruples, Testing Key Support Zones
Dogecoin (DOGE) experienced a significant price drop on August 5th, falling 5% within 24 hours, from $0.21 to $0.198. This
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Asia Morning Briefing: Architect Bets Credit Will Outshine Crypto Equities as It Builds a Web3 Moody’s
Architect, a new firm, aims to revolutionize the crypto market by establishing the first institutional-grade credit rating service. This addresses
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Ripple’s Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Crypto Custodian
Ripple’s partnership with BDACS, a regulated South Korean crypto custodian, has yielded its first tangible result: XRP is now available
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SEC Says Liquid Staking Doesn’t Run Afoul of Securities Laws
The U.S. Securities and Exchange Commission (SEC) issued a staff statement on Tuesday clarifying its stance on liquid staking, relieving
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Polygon Holds 3% Advance, Outperforming Broader Market
Polygon (POL) experienced a notable price surge in early U.S. trading, climbing 9% from $0.206 to $0.225. However, this upward
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