{"id":44758,"date":"2025-08-29T12:46:41","date_gmt":"2025-08-29T12:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44758"},"modified":"2025-08-29T12:46:41","modified_gmt":"2025-08-29T12:46:41","slug":"crypto-markets-today-sol-futures-are-more-popular-than-ever-u-s-inflation-report-looms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44758","title":{"rendered":"Crypto Markets Today: SOL Futures Are More Popular Than Ever, U.S. Inflation Report Looms"},"content":{"rendered":"
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The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve’s path on interest-rate cuts.<\/p>\n

The CoinDesk 20 Index, a measure of the broad market, has dropped 3.6% in the past 24 hours, with all but one member lower over that period.<\/p>\n

According to analysts at Bitunix , a hotter-than-expected figure could prompt the Fed to adopt a one-and-done stance following the expected rate cut at the September meeting.<\/p>\n

“For BTC, watch whether $114.5K flips into support, or if a retest of $107.6K support confirms market resilience,” the exchange told CoinDesk in an email. <\/p>\n

Derivatives Positioning<\/strong><\/h2>\n
    \n
  • Open interest (OI) in futures tied to the top 20 coins, excluding SOL, has decreased in the past 24 hours, indicating broad-based capital outflows.<\/li>\n
  • SOL’s open interest, however, hit a record high 63.84 million, alongside a rally in the token’s price to $217, a level last seen in February.<\/li>\n
  • The eight-hour funding rates for ether, tron and BNB flipped slightly negative, indicating a bias for bearish bets on a drop in prices. Funding rates for other major tokens were steady at around zero, indicating neutral sentiment.<\/li>\n
  • OI in the CME bitcoin futures slipped to 135.72K BTC, the lowest since April, while ether OI remained elevated at record highs near 2.10 million ETH. The divergence suggests a continued preference among investors for ETH over BTC.<\/li>\n
  • On Deribit, downside bias in BTC options has strengthened across all tenors, with puts trading at a five volatility premium to calls at the front end. ETH options display similar dynamics, marking a shift from bullish positioning early this week.<\/li>\n
  • On Paradigm, block flows featured call selling and put rolling strategies in BTC and ETH. Market maker Wintermute pointed to demand for call spreads in the December expiry BTC options.<\/li>\n<\/ul>\n

    Token Talk<\/strong><\/h2>\n
      \n
    • Solana<\/strong> (SOL) posted a 44% drop in second-quarter application revenue, sliding to to $576.4 million from $1 billion in the first quarter even as its DeFi sector expanded, according to Messari.<\/li>\n
    • The downturn reflects weaker profitability across key decentralized apps. Pump.fun (PUMP) <\/strong> still led with $156.9 million, but was still down 44% as memecoin frenzy cooled.<\/li>\n
    • Axiom<\/strong> was the outlier, surging 641% to $126.6 million, showing how fast protocol-specific growth can offset broader ecosystem weakness. Jupiter (JUP)<\/strong> earned $66.4 million (\u201316%), while Phantom<\/strong> and Photon<\/strong> were hit hardest with declines of 65% and 72%, respectively.<\/li>\n
    • Despite revenue losses, DeFi TVL on Solana climbed 30% to $8.6 billion in the quarter and has since crossed $11 billion, cementing the chain as the largest DeFi network behind Ethereum.<\/li>\n
    • Kamino Finance<\/strong> drove TVL growth, up 34% to $2.1 billion after introducing Kamino Lend V2, which attracted $200 million in deposits and $80 million in loans within three weeks. Kamino now controls 25% of Solana\u2019s market share.<\/li>\n
    • Raydium<\/strong> staged a strong comeback, rising 54% to $1.8 billion in TVL, reclaiming second place from Jupiter. It now commands 21% share versus Jupiter\u2019s 19%.<\/li>\n
    • Trading activity, however, told a different story: Average daily spot DEX volume fell 45% to $2.5 billion, reflecting a fading of the memecoin momentum that had fueled the previous quarter’s records.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve’s path on interest-rate cuts. The CoinDesk 20 Index, a measure of the broad market, has dropped 3.6% in the past 24 hours, with all but one member lower over that period. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44758","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44758"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44758\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}