OMNI Soars 100% as Crypto Market Sees Mixed Moves

The overall global cryptocurrency market cap is at $3.94 trillion today. Crypto market saw a slight downfall  by 4.24% and the trading volume is $170.57 billion. The dominance of Bitcoin stands at 59.4%, while that of Ethereum is at 11.6%.

Major Crypto Market Events To Watch:

Crypto Market Fear and Greed Index:

The Crypto market is showing significant greed, as indicated by the Crypto Market Fear & Greed Index, which is at 74out of 100. The sentiment is consistent with last week's 74 and has slightly improved from yesterday's 73. The upward trend, as opposed to 66 last month, is indicative of growing investor confidence and bullish momentum in the cryptocurrency space.

Most recent update on the crypto market:

• Bitcoin (BTC) is currently down about 0.6% over the last day, trading between $118K and $1119K.

• Ethereum is now trading at $3,774.38 USD, down 1.13% over the past day.

• The price of TRON increased by +4.44% to $0.33 over the last day, while the trading volume increased by +145% to $3 billion. To strengthen institutional access and boost its position in the competitive and regulated blockchain sector, TRON Inc. is launching a $1 billion SEC securities offering.

• OMNI listed on Upbit, the biggest exchange in South Korea, and experienced a massive surge of 100% in 24-hour, which was boosted by technical breakout signals and staking demand. The coin is trading at $4.97 with a trading volume of $976,440,962 USD.

• Due to extreme volatility from speculative trading and profit-taking following its Binance debut and airdrop, Treehouse (TREE) fell. The price of Treehouse is currently $0.674741 USD and down by 36.91% over the past day.

• Today's ZORA price is $0.089717 USD, increasing by 21.56% over the previous day.

• Major cryptocurrencies like Dogecoin (DOGE), Binance (BNB), Solana ($SOL), and XRP (XRP) are all experiencing a slight drop in price today.

• Pump.fun (PUMP) is currently trading at $0.002752 after rising 13.6% in a day.

• Zora saw a rise of 23.1% in 24hr and is trading at $0.09153.

Major Worldwide Crypto Market News Update:

• Turkey’s largest Uber-like ride-hailing platform, said the company has decided to invest 20% of its cash reserves in crypto assets, with Bitcoin being the first allocation.

• The decentralized exchange Hyperliquid is suspected to be experiencing a malfunction, with some users reporting that they are unable to place or close orders. Official representatives stated in Discord that the issue is under investigation and that updates will be shared promptly.

• Kraken is looking to IPO at a $15 billion valuation and raise $500 million.The proceeds would be used for expansion, with a concurrent equity raise also under consideration.

• Coinbase Derivatives announced that it will launch nano USD-denominated perpetual-style futures for SOL and XRP on August 18, further expanding its suite of perpetual-style products for U.S. investors.

• SEC gives the green light for crypto ETPs to allow in kind creation and redemptions.This means market makers can use actual crypto assets to interact with the funds and ETF participants, not cash which was a terrible decision by Gary Gensler in the first place.

• Strategy to buy over 21,000 BTC following $STRC IPO raising $2.5 billion. This purchase ALONE would give them the 4th largest Bitcoin treasury in the world.

• Coinbase has announced it will list Treehouse (TREE), an ERC-20 token on the Ethereum network, under its Experimental label. Treehouse is a decentralized fixed income layer. Trading will begin once liquidity conditions are met, with the TREE-USD trading pair launching in phases.

• Nasdaq-listed 180 Life Sciences (ATNF) plans a $425M private placement to allocate ETH as treasury reserve and rebrand as ETHZilla. The deal, expected to close on August 1, includes backing from Electric Capital, Polychain, GSR, and others.

• JPMorgan says Coinbase earned $300M from its Circle and USDC ties in Q1, exceeding Circle’s own revenue. The bank estimates Circle-related business could be worth $55–60B to Coinbase shareholders.

• China and the U.S. have agreed to extend the pause on the 24% part of the reciprocal tariffs of the U.S. side and the countermeasures on the Chinese side, said Li Chenggang, China's International Trade Representative, after two days of China-U.S. talks in Stockholm, Sweden.

The global crypto market cap has fallen by 4.24% to $3.94 trillion, but investor sentiment remains positive. Altcoins like TRON and ZORA are experiencing gains, while Bitcoin and Ethereum show slight declines. Major developments, including institutional investments and ETF progress, shape market momentum.

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments are for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.