Trader Loracle reduces positions in PONS and CASHCAT short positions, with a floating profit of $3 million

Bybit has launched perpetual contracts for IBIT, CONL, and MSFU stocks, which support up to 25 times leverage and offer zero rate limit orders and 50% discount on market orders.

Two Prime, a digital asset financial services company, has launched a Bitcoin lending vault in Pareto, targeting institutional lending with an annualized return rate of 1.5% to 2% and a minimum deposit amount of $250000 equivalent to WBTC. Two Prime has committed $10 million as first loss capital, with ice digital trust and Copper providing custody services, and the BitGo Earn platform planning to participate in distribution. (Source: CoinDesk)

Bitcoin is stuck near $80,000 as traders build stablecoin positions that could return to the market once Fed uncertainty clears.

U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.

Predict.fun predicts that the probability of the Federal Reserve raising interest rates by 25 basis points in September is 88%.