Over $1.4 billion worth of crypto options are set to expire today, with Bitcoin’s max pain point at $64,000.
BTC and ETH options are set to expire this Friday, with open interest concentrated around several key strike prices. BTC’s nominal open interest stands at roughly $1.28 billion, with its max pain point at $64,000. The highest concentration of call options is at $68,000, followed by $70,000 to $72,000. ETH’s nominal open interest is approximately $161 million, with its max pain point at $1,900. The highest concentration of call options is at $1,950 and $2,000. BTC’s put/call open interest ratio is 0.85, while ETH’s is 0.94.
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Bitwise Chief Investment Officer (CIO): DeFi’s market size and pricing power are both underestimated, and projects like Hyperliquid have far greater potential than imagined.
Bitwise Chief Investment Officer Matt Hougan stated that people evaluating current decentralized finance (DeFi) applications are making two overlapping mistakes: regarding market size, they believe they are targeting the $2 trillion cryptocurrency market, but in reality, they are targeting the $500 trillion asset market; regarding value capture, they think they have maximized fee revenue, but have only scratched the surface. Projects such as Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and others have a larger TAM (total addressable market) and stronger pricing power than commonly perceived.
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75% of stocks in the S&P 500 tech sector have returned above their 200-day moving average, with historical averages indicating a potential gain of up to 33.4% over the next year.
Last week, 75% of stocks in the S&P 500 Tech sector closed above their 200-day moving average (DMA), marking the first time this threshold has been hit since October 2024, ending a 219-trading-day stretch of prolonged weakness. This is the 9th-longest downturn on record, with the longest such stretch in history lasting 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Historical data shows that after the end of such prolonged downturns, the tech sector posts an average gain of 2.5% in the following month, 7.3% in three months, 15.5% in six months, and a whopping 33.4% in 12 months. Meanwhile, 69% of stocks in the Nasdaq 100 index are now above their 200-day moving average, near the highest level since July 2025. This notable improvement in the breadth indicator signals that the tech stock rally is expanding beyond a handful of heavyweight stocks to the broader sector, as market momentum builds. The tech sector had previously faced multiple headwinds including memory chip sell-offs, deleveraging of leveraged ETFs, and concerns over AI capital expenditures; this technical repair provides positive support for future market performance.
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Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.
According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.
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CFTC releases agenda for first meeting of its Innovation Advisory Committee, focusing on regulation of crypto assets, AI, and prediction markets.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig has released the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The meeting is scheduled to be held in Washington on Thursday, August 20, and will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets. Selig said: "The United States has long been a global hub for financial innovation. I look forward to meeting with entrepreneurs, thinkers, and builders of the CFTC Innovation Advisory Committee to explore how emerging technologies and financial products can shape our markets in the new financial frontier." The public may submit relevant comments by August 27, and all received submissions will be published publicly. The meeting agenda may be adjusted based on other priorities of the IAC; the full agenda is available on the CFTC’s official website. The CFTC also emphasized that the views and opinions expressed by the advisory committee represent only the committee itself and do not reflect the positions of the CFTC, its staff, or the U.S. government.
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Databricks closes $5 billion strategic funding round, led by Coatue, with participation from Blackstone, MGX, and T. Rowe Price.
AI data platform Databricks announced it has closed a $5 billion strategic funding round at a $190 billion post-money valuation. The term sheet published on July 16 had set a $188 billion valuation, with the final figure rising due to an expanded funding size and additional share issuance. The round was led by existing shareholder Coatue, with participation from Blackstone, MGX, and T. Rowe Price, while Sixth Street Growth joined as a new investor. The company’s annualized revenue run rate has exceeded $7 billion, growing over 80% year-over-year. Co-founder and CEO Ali Ghodsi stated that, per the industry definition used before 2022, AGI has arrived—with the real bottleneck now shifting to enterprise context, AI token costs, and agent infrastructure. The new capital will be allocated to three core areas: Unity AI Gateway (for cross-model routing and spend control), Lakebase (a serverless Postgres database whose revenue run rate has already topped $100 million), and Genie (which provides AI with access to enterprise context). Ghodsi also revealed that the company’s likelihood of going public before Anthropic or OpenAI is "very low". He had repeatedly denied summer funding rumors earlier, and the final decision to raise capital was based on factors including the cost of expanding its AI business and increasing investment in hiring and mergers and acquisitions.
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