Jane Street's record purchase of 20.6M shares in iShares Silver ETF (SLV) was followed by a 30% silver price crash, erasing $1.4T in market cap. Terraform Labs lawsuit and a '10am dump' pattern disappearance fuel manipulation concerns.
Silver price spiked 16% to hit $117.73/oz, with market cap growth twice that of Bitcoin. Industrial demand from solar, EVs, and AI, plus JPMorgan's massive silver hoarding, pushed gold-silver ratio below 50. Money is fleeing Bitcoin ETFs into silver.
U.S. equities ended the session in positive territory, with the Nasdaq posting the strongest daily gain among the three major indexes. The Dow Jones Industrial Average rose 0.29%, bringing its July gain to 0.68%. The S&P 500 added 0.38% and is now up 1.19% for the month, while the Nasdaq climbed 0.62% and has gained 0.88% in July. In the silver segment, the iShares Silver Trust ETF (SLV) fell more than 1.80%. Crypto-related stocks showed mixed performance. BTBT (Bit Brother) dropped more than 4%, and BMNR (Bitmine) fell more than 3%. RIOT (Riot Platforms) slipped 0.45%, while MSTR (Strategy) edged down 0.11%. CIFR (Cipher Mining) finished flat. On the upside, MARA (MARA Holdings) rose more than 1%, COIN (Coinbase) and CRCL (Circle) both gained more than 3%, HUT (Hut 8) advanced more than 4%, and CLSK (CleanSpark) climbed more than 5%, making it one of the stronger movers in the group.
Major U.S. stock indexes ended lower, with the Dow Jones Industrial Average slipping 0.26%, the S&P 500 falling 0.79%, and the Nasdaq dropping 1.55%, according to Techub News. For July, the Dow was still up 0.37% and the S&P 500 gained 0.43%, while the Nasdaq was down 0.64% for the month. Gold- and silver-linked stocks also posted broad losses. Barrick Gold fell 3.50%, iShares Silver Trust dropped 3.32%, First Majestic Silver lost 3.19%, VanEck Gold Miners ETF declined 2.85%, SPDR Gold Shares fell 2.60%, Coeur Mining lost 2.35%, and Newmont slipped 2.30%. Crypto-related equities were mostly lower as well. Cipher Mining posted the steepest decline in the group, down 9.16%. Circle fell 4.77%, CleanSpark lost 3.81%, Riot Platforms dropped 3.70%, MARA Holdings fell 3.25%, Hut 8 declined 2.98%, Bit Brother lost 2.96%, Strategy fell 2.68%, Bitmine dropped 2.44%, and Coinbase slipped 1.07%.
Bitget adds tokenized Tesla, Nvidia, Apple stocks, SPY ETFs, gold and silver via Ondo Global Markets, enabling 24/7 spot trading alongside crypto in a single USDT account. Market share for Ondo tokenized equities on Bitget rose to 89%.
Bitget launches tokenized US equities, ETFs, and precious metals via Ondo Global Markets, enabling 24/7 trading alongside crypto. Market share hit 89%.
Bitget has added a new batch of Ondo tokenized equities, ETFs, and precious metals to its spot market, allowing users to trade traditional market exposure and crypto side by side in a single USDT-based account.
Silver price hit a record high, driving tokenized iShares Silver Trust (SLV) monthly trading volume up 1200% in 30 days, with holder gains up to 300%. Limited supply, solar energy demand, and macroeconomic factors are key drivers. Tokenization enables 24/7 trading for non-U.S. investors.
