The crypto market saw a sudden wave of long-position liquidations totaling more than $500,000,000. Major assets fell at the same time, with Bitcoin down $1,900 (2.4%) and Ether down $130 (5%). XRP slid $0.28 (16.45%), while SOL fell $11.00 (11%). The selloff unfolded within minutes, sparking widespread concern about a potential extreme event.

XRP Ledger (XRPL) has overtaken Stellar to become the 12th-largest stablecoin network by supply, according to DefiLlama data. XRPL’s stablecoin supply rose 13% over the past week. Over the same period, Stellar’s stablecoin supply contracted 6.5%.

Crypto markets saw large-scale liquidations of long positions totaling $477M over the past hour. After a near +30% rally over five trading days that lifted Bitcoin to $79,500, the price reversed sharply and retreated to around $77,000. The pullback drove total crypto liquidations to $547M, with Bitcoin-linked contracts accounting for the bulk. Bitcoin had been at its most overbought level since November 2024 before the reversal.

International gold prices have jumped more than 16% in August, while MCX Gold Futures are up nearly 14%, supported by a weaker U.S. dollar, rising safe-haven demand and seasonal buying. Dollar softness reflects growing expectations that the Federal Reserve is nearing the end of its rate-hiking cycle. With inflation concerns easing, pressure on bond yields has moderated, improving the appeal of non-yielding assets such as gold. Longer-term factors including reserve diversification and dedollarisation continue to underpin a bullish outlook.

Tirupati Foam Limited said all resolutions at its annual general meeting were passed with 100% support, including approval of the financial statements, director reappointments, a dividend declaration, cost auditor remuneration, an independent director’s term and the disposal of assets in Noida. The company reported no dissenting or invalid votes. Separately, it said net profit in Q1 FY27 rose by nearly 60% year-on-year.

The U.S. 30-year Treasury yield rose to 5.3%, its highest level since 2007, prompting the Treasury Department to say it will at least double purchases of long-dated bonds from September to November. Federal debt crossed $40 trillion this week, while interest payments reached $963 billion in the first 10 months of the fiscal year—exceeding military spending and slightly topping Medicare. The dollar index fell to a three-month low and gold gained 4.7% this week after setting a record above $5,500 an ounce in January.

A Seeking Alpha analyst wrote that Enovix (ENVX) shares are trading near their lows for reasons the author considers justified. The author said they hold no stock, options or similar derivative positions in the company and do not plan to initiate any within the next 72 hours. The author also stated the article reflects personal views only and is not investment advice, according to Seeking Alpha.

Paramount is expected to meet with the California attorney general’s office on Monday to discuss a potential settlement over its $111 billion merger with Warner Bros. Discovery. California Attorney General Rob Bonta, joined by a 12-state coalition, sued in July alleging the deal would unlawfully narrow competition in theatrical distribution and basic cable. Paramount has pledged to make 30 films a year for the next three years and keep them exclusively in theaters for at least 45 days. The Writers Guild of America has filed a separate lawsuit that is set to be tried alongside the states’ case next March.