Recent trends on CoinMarketCap indicate that three key players shape the activity in the crypto market: FTX, Binance, and Ethereum. These factors influence market conditions and investment opportunities.
FTX: From Collapse to Catalyst
The recent $1.9 billion creditor repayment round from FTX has sparked a surprising recovery. With 98% of claims paid at 119%, some of the $16 billion being returned is flowing into high-yield DeFi platforms like Pendle, where BTC and ETH pools offer over 100% APR. SOL's price, which has risen over 680% since 2022, continues to lift the estate's asset value.
Binance: Institutional Powerhouse
BNB surged past $860, driven by a wave of corporate treasury inflows, including a $500 million allocation from CEA Industries. Binance also dominated BTC futures trading, grabbing 87% of taker volume. Meanwhile, its DeFi ecosystem is expanding, with over 50,000 TreehouseFi wallets and fresh interest from AI-related token launches.
Ethereum: Staking and Layer-2 Growth
ETH has climbed 45% in 30 days, buoyed by ETF inflows and surging staking participation—now over 35 million ETH locked. Layer-2 networks like Base are also booming, with total value locked hitting $11.76 billion. With institutional buying on the rise and zkEVM upgrades underway, Ethereum is showing long-term strength.
With altcoins gaining ground as ETF inflows hit $18.2 billion and anticipation builds ahead of the Fed’s September decision, Ethereum, BNB, and FTX-linked sectors are worth monitoring as the market shifts to a risk-on stance.
