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  • Opposition Grows to FIFA World Cup Sell-Off Plan

    Opposition Grows to FIFA World Cup Sell-Off Plan

    Pushback to a controversial plan put forward by FIFA boss Gianni Infantino to sell off stakes in the World Cup and other commercial operations to private investors is growing.

    European soccer governing body UEFA has called an emergency meeting of its members on Thursday to discuss a coordinated response to the plan, with a European boycott of FIFA tournaments among the options being discussed.

    UEFA has condemned Infantino’s proposal, calling it a plan to “sell the soul” of football. Other major regional soccer bodies, including the Asian Football Confederation (AFC) and Concacaf, which covers North and Central America as well as the Caribbean confederations, have also criticized the proposals, saying they were not consulted on the plan and only became aware of it through the media.

    The plan would see FIFA set up a new entity, called FIFA Forward Enterprise (FFE), that would bundle all the money-making operations associated with the soccer World Cup — including broadcast rights, sponsorship, ticket sales and licensing fees — and sell a significant stake in the new operation to private investors. Thrive Capital, an investment company founded by Joshua Kushner, brother of Donald Trump’s son-in-law Jared Kushner, is leading the search for investors.

    FIFA is valuing the FFE at around $20 billion and has said the plan to sell equity stakes in the commercial group could raise an additional $10 billion for its member organizations. Those members, the 211 national soccer associations that make up FIFA, would have to vote to approve the proposal.

    The opposition by UEFA, Concacaf, and the AFC suggests Infantino could have a fight on his hands. Together, those three confederations make up 143 of the 211 FIFA members.

    But opposition to the FFE is not a unified front. In Europe, Czechia’s soccer association has backed the plan. Despite the AFC’s disapproval, association member Saudi Arabia is also believed to support it. Saudi Arabia will host the 2024 World Cup and the Saudi soccer association is a close ally of Infantino.

    It is not clear whether the FIFA plan can pass with a simple majority vote or if the proposal requires a change to FIFA statutes, which necessitates a 75 percent majority.

    Infantino released a video on Wednesday evening calling the FFE “a proposal, an offer,” that would be subject to a democratic and consultation process. “It is an opportunity but not an ­obligation,” he said. “It is a golden opportunity to turbocharge the development of the game globally.”

    That “golden opportunity” will come with payments to FIFA members. FIFA has given members until Sept. 19 to decide whether to apply for an initial payment of $20 million from the proposed sell-off.

    In a statement, UEFA said the $20 million payoff “says everything you need to know about this plan” and accused FIFA of “using our sport to enrich themselves and their friends.”

    Concacaf and the AFC have not been as sharp in their criticism, but in a statement Concacaf said they were “deeply concerned by the lack of due process,” noting Concacaf “was only made aware of this matter through media reports and, subsequently, via a media release.”

    The AFC issued a similar statement, saying they were “not consulted on the proposal and [are] disappointed that a matter of such significance entered the public domain before the AFC family had been afforded the opportunity to examine and discuss it through the appropriate and established governance channels. While the AFC recognizes the importance of exploring innovative approaches that can strengthen the future of global football, initiatives of this scale and consequence must be founded upon the principles of good governance, transparency and meaningful consultation.”

    FIFA is could also face a backlash from elite clubs. The European Football Clubs organization, which represents more than 850 clubs, complained they were also not consulted on the FFE plan. “The EFC learned about this proposal in the same way as most global football stakeholders – without warning and through the media.”

    UEFA could vote to boycott upcoming FIFA tournaments, including next year’s Women’s World Cup in Brazil, though that is considered an extreme option and could be seen as unduly punishing the women’s game for a proposal which is primarily focused on monetizing the men’s World Cup and men’s Club World Cup.

  • How Will the Fed’s Hawkish Messages Affect Bitcoin? Experts Point to Liquidity Pressure! Here Are the Details

    How Will the Fed’s Hawkish Messages Affect Bitcoin? Experts Point to Liquidity Pressure! Here Are the Details

    Despite the US Federal Reserve keeping interest rates unchanged, its continued “hawkish” stance on monetary policy could continue to put pressure on cryptocurrency markets. Expert analyses suggest that the messages conveyed by the Fed after its July 29th interest rate decision could limit the short-term performance of risky assets, particularly Bitcoin.

    At its latest meeting, the Fed kept its policy interest rate unchanged, maintaining its firm stance on combating inflation. This approach indicates that the central bank is unwilling to allow inflation to rise above its target level, even at the cost of slowing economic growth. The analysis states that this scenario is among the most unfavorable macroeconomic environments for crypto assets in the current market cycle.

    It was noted that tight monetary policy could reduce liquidity in the financial system and limit investors’ risk appetite. Specifically, it was stated that cryptocurrency positions financed through leveraged transactions or low-cost funding strategies would face higher costs, potentially putting downward pressure on Bitcoin.

    Institutional investors may also adopt a more defensive strategy in their portfolios if hawkish Fed rhetoric continues. This could increase selling pressure on risky asset classes such as stocks and cryptocurrencies. It is noted that if the shift towards safer investment instruments like bonds and cash accelerates, capital inflows into crypto markets may slow down.

    However, the analyses also noted that Bitcoin has so far demonstrated relative resilience in the face of a hawkish monetary policy environment. It was stated that the digital asset has maintained strong support levels despite significant recent macroeconomic developments, while markets continue to closely monitor the Fed’s future actions.

    However, experts warn that new and unexpectedly harsh tightening messages from the Fed could create new volatility in the markets. In such a scenario, Bitcoin and other crypto assets could face additional price pressure in the short term.

    *This is not investment advice.

  • Matthew Macfadyen and Claire Foy to Lead Adaptation of David Nicholls’ ‘You Are Here’ for BBC and Starz

    Matthew Macfadyen and Claire Foy to Lead Adaptation of David Nicholls’ ‘You Are Here’ for BBC and Starz

    Matthew Macfadyen and Claire Foy are to lead the TV adaptation of “You Are Here,” the bestselling novel by “One Day” author David Nicholls.

    The 8-part series — which was first announced by Variety earlier this year — has been green lit by the BBC and Starz, with Lenny Abrahamson directing, reuniting with the BBC for the first time since “Normal People.” Set to be filmed around in the Lake District and around Manchester, “You Are Here,” is being produced by the Fremantle-owned Irish powerhouse Element Pictures, who also produced “Normal People.” Global sales will be handled by Fremantle with De Maio Entertainment spearheading the partnership with Starz.

    Set along the Coast to Coast walking trail from the Lake District to Robin Hood’s Bay in North Yorkshire, “You Are Here” follows Michael (Macfadyen) and Marnie (Foy), strangers thrown together by a mutual friend who unexpectedly find themselves setting off on an epic walk. Against the odds, they end up on the brink of a relationship that neither was looking for, but which might be exactly the one they both need.

    The series is “about finding a connection when you least expect it and overcoming the obstacles of midlife,” reads the description. “Treading the tricky path from loneliness to love, Marnie and Michael go coast-to-coast across the stunning (and sometimes soaking) English countryside, navigating an undeniable attraction that is as exhilarating as it is terrifying.”

    “I’m so delighted to be working on ‘You Are Here’ with Element, the BBC, Starz and Lenny, whose work I’ve admired for many years,” said Nicholls, who adapted his own novel. “And Matthew and Claire are both just dream casting, wonderful in comedy and drama, so detailed and thoughtful and sympathetic. The intention with the novel was to write a close-up study of a relationship, but set against this magnificent landscape, and that’s our ambition here too; to make something both intimate and epic, funny and dramatic, a romantic comedy with real emotion. We can’t wait to bring Marnie and Michael’s journey to the screen.”

    Added Abrahamson: “As a huge admirer of David’s writing, I’m delighted to be collaborating with him to bring ‘You Are Here’ to the screen. The novel is such a beautiful love story – funny, profound and ultimately deeply hopeful. I’m also extremely excited to have Claire and Matthew, two actors I hugely admire, playing Michael and Marnie.”

    “You Are Here” is an Element Pictures, a Fremantle company, production for the BBC and Starz. Both Abrahamson and Nicholls serve as executive producers alongside Claire Foy and MacFadyen, Ed Guiney, Andrew Lowe and Emma Norton for Element Pictures and Jonny Richards and Anna Ferguson for the BBC. The series is produced by Clare Shepherd.

  • Bitcoin and ether markets are ruled by perps. SpaceX showed how far their influence can go

    Bitcoin and ether markets are ruled by perps. SpaceX showed how far their influence can go

    Ask most people how a crypto price gets set and they will describe spot trading: buyers and sellers meet on an exchange, and the last trade prints the price. But that has not been how it actually works for years as far as bitcoin, ether and the broader crypto markets are concerned.

    Perpetual futures, also called perpetual swaps or “perps” for short, are leverage-friendly contracts that never expire, and they now account for roughly 93% of all crypto futures volume, with daily perp volume routinely running larger than the spot market underneath it.

    A traditional futures contract has a settlement date, which is when it comes due and its price is forced to meet the spot price of the thing it tracks, also called the underlying. But a perpetual has no such date and can be held indefinitely (by paying a cost known as ‘funding rate,’ which varies daily).

    A body of market-microstructure work has asked which venue “discovers” a bitcoin price first, meaning where new information enters the market before it shows up anywhere else. The answer has repeatedly come back pointing at derivatives.

    A study in the Journal of Financial Markets by Carol Alexander and co-authors found that perpetual swaps on unregulated venues were the strongest instruments for bitcoin price discovery, with regulated futures and U.S. spot exchanges reacting to, rather than leading, those moves.

    Other work has identified Binance’s perpetual market as the primary source of price formation across the fragmented crypto landscape.

    The evidence is not conclusive, however, and some studies find spot still leads at certain frequencies or during stress. But the direction of the literature over the past few years has been toward the derivatives market as the place where the price is made.

    “Historically, we have seen perps leading mostly during bear market price rallies,” Julio Moreno, head of research at CryptoQuant, told CoinDesk. “For example, Bitcoin perps demand growth (blue bars in the chart) led the price rallies of January 2026, and April-May 2026.”

    “In these periods, spot demand was contracting, while perps demand expanded, thus the perpetual futures market was leading prices despite demand contracting on the spot market,” he said.

    Which brings us back to the funding rate. Because a perpetual contract never settles, nothing forces its price back toward spot the way an expiry date does for a traditional future. Instead, every few hours, whichever side of the trade is crowded pays the other.

    When the perp trades above spot, traders who are long (or betting on higher prices) pay those who are short (betting on lower prices), which nudges the contract back toward the underlying price.

    The funding rate is both the tether that keeps the contract anchored and a live readout of sentiment, which is why some traders watch it as closely as price.

    “We actually surveyed more than 100 of our traders,” Hong Yea, co-founder at onchain trading platform Grvt, told CoinDesk. “The traders who actually rely on us to hold real conviction positions want predictability there, not another data point to interpret.”

    “If you’re holding a directional position for weeks, funding isn’t telling you something new about the market, it’s just eating into your PnL while you wait to be right. That’s the honest way our users describe it to us, not, ‘what is the market telling me,” Yea added.

    The SpaceX use case

    None of this requires a spot market to exist. And for about three weeks in May and June, one of the most-watched markets in the world was for a company that had never sold a public share was running on crypto rails.

    Elon Musk-owned SpaceX priced its record $75 billion initial public offering at $135 a share and began trading on the Nasdaq on June 12. Well before that, traders on Binance, Coinbase, Hyperliquid and others were already buying and selling exposure to the company through pre-IPO perpetual futures, or contracts structured to track an implied valuation rather than a share price.

    The first mover was Hyperliquid, the onchain derivatives exchange, where a synthetic SpaceX perpetual went live on May 18. Binance opened its own SpaceX market on May 21, Coinbase followed on June 4, and BitMEX, Bitget and OKX later added contracts of their own.

    The striking part is how right they were at the one moment their accuracy could be tested. On the night before SpaceX listed, perpetuals on Hyperliquid and Binance were quoting the equivalent of roughly $170 a share, well above the $135 the underwriters had set.

    The next day SPCX opened, ran to an intraday high above $176, and closed its first session at $161, up 19%. The stock printed almost exactly where the perps had it, and a market dominated by leverage-seeking retail traders had read first-day demand more accurately than the banks that spent months building the offering price.

    That gap was also where the money was. The perpetual market was pricing SpaceX well above the $135 IPO price, so traders could buy the contract before listing and bet the two would meet. Every one of these contracts was built to automatically switch over to SpaceX’s real share price the moment the stock began trading, so any gap between the perp and the eventual opening price would close on its own. With the IPO already four times oversubscribed, the direction was rarely in doubt, and the pre-listing window was the only place to make the trade.

    Then reality caught up with the market that had predicted it. SPCX has fallen more than 40% from its June peak, dropping from the $135 IPO price to about $115 as of publication.

    The reason is one the perp could never have priced — supply. Only a sliver of SpaceX’s shares were sold at the IPO, and starting around August 6, roughly 900 million locked-up insider shares become eligible to sell.

    What SpaceX showed in the extreme is what the research says is already true in ordinary crypto trading — the derivatives market is increasingly where price gets discovered. Spot follows.

    Perps are excellent at pricing demand and blind to supply, which is worth remembering every time a bitcoin rally or a flush starts in the funding rate before it reaches spot.

  • Giorgio Armani Series in the Works From Fremantle-Owned Lux Vide and Iconic Designer’s Fashion House (EXCLUSIVE)

    Giorgio Armani Series in the Works From Fremantle-Owned Lux Vide and Iconic Designer’s Fashion House (EXCLUSIVE)

    The life and career of Giorgio Armani is set to be the subject of a high-end TV series produced by Italy’s Lux Vide, which is collaborating with the fashion house founded by the iconic designer known for his close ties to Hollywood.

    The still-untitled Armani biopic series — which will be tailored for the international market — has enlisted Turkish-born Italy-based director Ferzan Ozpetek, who is known for combining artistic depth with box-office appeal.

    Ozpetek, who knew Armani personally, recently scored a global hit with the 2025 crowdpleaser “Diamonds,” about a group of warm-hearted women in a Rome atelier rushing to fulfill a demanding order from an Oscar-winning costume designer client in the 1970s. “Diamonds” scored mightily at the box local office and traveled widely. Ozpetek’s TV experience includes 2022’s first Disney+ Italian original series “The Ignorant Angels,” a romantic drama spun off from his local hit “Ignorant Fairies.”

    “I knew, admired and spent time with Giorgio for many years, both on official occasions and in more private settings,” Ozpetek said in a statement to Variety. “We talked about cinema, of which he was notably passionate and an expert. But also about art, costumes, architecture, and, I would say, life itself. I could see within him a visionary and a brilliant artist. But also a down-to-earth and very determined man.”

    The director added: “The opportunity to tell his story is both an exciting honor and a challenge that involves capturing the many facets of such a complex, original and captivating personality.”

    Ozpetek is co-writing the screenplay for the Armani series in collaboration with Lux Vide’s head writer Francesco Arlanch, whose credits include Lux’s widely exported series “Medici,” “Hotel Costiera” and medical drama “Doc.” Storylines and series structure are being kept under wraps.

    Known globally as the Milan-based fashion pioneer with piercing blue eyes and a vision that combined laid back elegance and attention to detail, Armani first made his mark with the unlined men’s sports jackets and deconstructed suits worn by Richard Gere in 1980 in “American Gigolo.” But Armani also reimagined the woman’s power suit. He dressed scores of Hollywood’s female stars including Julia Roberts, Diane Keaton, Jodie Foster, Cate Blanchett, Lupita Nyong’o, Anne Hathaway and Michelle Yeoh in both minimalist attire — such as the Armani men’s suit famously worn by Julia Roberts when she won a Golden Globe for “Steel Magnolias” in 1990 — and glittery gowns like the “Nairobi blue” crystal-encrusted sequin gown worn by Lupita Nyong’o at the 2024 Academy Awards. The long list of male actors who regularly wore Armani on red carpets, and also on screen, comprises Leonardo DiCaprio, George Clooney Russell Crowe, Robert De Niro and Tom Cruise, to name a few.  

    His Hollywood connection earned Armani wardrobe film credits in more than 200 movies. 

    Armani — a self-made man who fully owned his $10 billion fashion empire at the time of his death on Sept. 4, 2025 at age 91 – was known to often appear in dark trousers and his trademark black T-shirt. He was born in the northern Italian town of Piacenza on July 11, 1934. After two decades in the fashion industry starting in 1957, he and his partner Sergio Galeotti sold their Volkswagen for $10,000 to start up their own menswear ready-to-wear label. They launched both men’s and women’s lines the following year.

    Fiercely private, Armani rarely discussed his personal life. He did tell Vanity Fair that he had romances with both men and women. He was in long-term relationship with Galeotti until his AIDS-related death in 1985.

    The Giorgio Armani fashion house has agreed to support production of the Fremantle TV series, providing access to its “archives, creations and iconic locations, offering an unparalleled insight into the world and legacy of one of fashion’s most influential figures,” according to a Fremantle statement.

    “For years, Lux had been chasing the dream of telling the world the story of Giorgio Armani, an artist who invented a unique and recognizeable style,” Lux Vide founder and president Matilde Bernabei said in a statement. She went on to describe Armani as “a standard-bearer of Made in Italy who rewrote the rules of style and elegance.”

    “It will be an ambitious series,” Bernabei added, “and we are proud to know that the market has immediately embraced this project with interest, enthusiastically confirming its international potential.”

    Giorgio Armani and Ferzan Ozpetek

    Stefano Guindani/Courtesy Armani

  • Aave is Gradually Removing 75 Low-Utilization Reserve Assets from its Platform! Here are the Details

    Aave is Gradually Removing 75 Low-Utilization Reserve Assets from its Platform! Here are the Details

    Aave, a leading lending protocol in the decentralized finance (DeFi) sector, has announced a comprehensive restructuring process aimed at improving the platform’s efficiency. Aave founder Stani Kulechov stated that the protocol will gradually phase out assets with low usage rates and scale back its operations on some blockchain networks.

    According to the announcement, Aave plans to gradually end support for 50 reserve assets on its own network that are not seeing sufficient usage. In addition, support will be phased out for 25 reserve assets on the Sonic, Scroll, zkSync, Metis, Soneium, and Aptos networks. Thus, a total of 75 reserve assets with low usage rates will be affected by the restructuring process.

    Aave management stated that this step aims to ensure more efficient use of platform resources and to focus on assets that users show strong interest in. The protocol, which has expanded to different blockchain networks in recent years, had begun supporting numerous digital assets. However, due to some reserves failing to reach the expected transaction volume and user demand, the decision was made to simplify the system.

    According to the data released, the restructuring process will affect approximately $98.1 million in reserve assets and $15.6 million in loan positions. Aave stated that support will be phased out gradually and necessary transition plans will be implemented to minimize customer inconvenience during this process.

    Experts point out that it is common practice in the industry for DeFi protocols to occasionally remove assets with low liquidity or insufficient usage from the system. Such decisions can help platforms reduce maintenance costs while improving security and operational efficiency.

    Aave is among the world’s largest decentralized finance protocols in terms of total locked assets (TVL) and offers lending and borrowing services to its users across different blockchain networks. Analysts believe that the restructuring decision may lead to liquidity shifts in affected reserve assets in the short term, but in the long term, it could support Aave’s goal of creating a more efficient and sustainable ecosystem.

    *This is not investment advice.

  • Homer Gere Says It’s “Really Funny” Working With Kaia Gerber on ‘The Shards,’ 30 Years After Famous Parents’ Divorce

    Homer Gere Says It’s “Really Funny” Working With Kaia Gerber on ‘The Shards,’ 30 Years After Famous Parents’ Divorce

    It was “really funny” for Homer Gere and Kaia Gerber to be working together on The Shards following their parents’ romantic history.

    While chatting with E! News at the New York City premiere of Ryan Murphy‘s new FX series, both actors opened up about their experience sharing the screen 30 years after Cindy Crawford and Richard Gere divorced in 1995.

    Crawford later remarried Rande Gerber in 1998 and they welcomed Kaia in 2001, while Richard Gere and Carey Lowell got married in 2002, two years after Homer was born. The latter couple ultimately divorced in 2016 and Richard has since tied the knot again with Alejandra Silva.

    Homer told E! that it was “really funny” to jump into The Shards with Kaia as they “hadn’t met before shooting.” He added, “Two weeks before we met at a bar with all the other cast and we became friends. From the inside, it’s really normal.”

    “We just became friends as coworkers before we started working, and she’s become a really close friend. It’s been lovely working with her,” the Euphoria actor continued.

    Kaia echoed a similar sentiment on the red carpet, saying she had “never met Homer until we started filming,” despite both their parents still working in the entertainment industry throughout the last three decades.

    “It was so lovely to work with him,” the Palm Royale actress added. “He’s so wonderful. He’s so funny. He makes me laugh so hard and he’s the greatest scene partner ever. And really it’s just such a supportive environment and we’ve gotten so close over this process.”

    The Shards, adapted from Bret Easton Ellis’ book of the same name, follows a group of privileged high school friends as a serial killer strikes across Los Angeles in 1981.

    Elsewhere on the red carpet, Kaia spoke with The Hollywood Reporter about her reaction to when she first learned Murphy would be adapting Ellis’ novel for the small screen.

    “I’m a huge Bret Easton Ellis fan and when this book came out, I read it immediately and read it over and over again,” she said. “Then when I heard Ryan was doing it, I’m also the biggest fan of Ryan. He gave me my first ever job. When he told me he got the rights to it, I just got chills and teared up.”

    The series premieres Aug. 5 on FX.

  • Robinhood CEO Vlad Tenev Says Trump Administration Crypto-Friendly, But Regulatory Clarity Needed So That the Floor Doesn’t Shift ‘Every Four Years’

    Robinhood CEO Vlad Tenev Says Trump Administration Crypto-Friendly, But Regulatory Clarity Needed So That the Floor Doesn’t Shift ‘Every Four Years’

    Legislation Brings Regulatory Stability, Says Tenev

    During the company’s second-quarter earnings call, Tenev said that while the Trump administration has been “great” for the industry, regulatory stability is necessary.

    “We want the foundation of the industry in the U.S. to be durable,” Tenev added. “We don’t want the floor to be shifting out from under us every four, eight years, and new rules to be put in place.”

    The top executive viewed the Clarity Act as an “important step” in this direction and could boost many of the company’s offerings currently under development, .

    Record Revenue But Crypto Share Shrinks

    Robinhood beat , with quarterly revenue clocking a record $1.3 billion.

    Transaction-based revenues surged 44% year-over-year to $776 million, driven by equities, options and prediction markets. However, cryptocurrency revenue plunged 38%, adding to another quarter of decline.

    Robinhood has expanded beyond asset trading in recent years by launching offerings centered around blockchain, tokenized assets and prediction markets.

    Its prediction market revenue has exploded tenfold year-over-year to $156 million, while the number of contracts traded soared to a record 13.6 billion.

    Price Action: Robinhood shares fell 1.01% in after-hours trading after closing 3.15% lower at $89.84 during Tuesday’s regular trading session. Year-to-date, the stock has plunged 15.43%.

    Benzinga’s Edge Stock Rankings indicate that HOOD stock maintains a stronger price trend over the medium term, while underperforming in the short and long terms.

    Photo courtesy: Thrive Studios ID / Shutterstock.com

  • Ether, XRP flat as chip stocks steady on Samsung’s 250-fold profit surge

    Ether, XRP flat as chip stocks steady on Samsung’s 250-fold profit surge

    Crypto’s largest tokens were close to unchanged on Thursday as the semiconductor selloff that has driven markets for two weeks showed its first real sign of easing.

    Ether traded at about $1,905 and bitcoin at $64,100, both flat on the day, with $XRP at $1.07, solana at $74, $BNB at $572 and TRON at 33 cents. Hyperliquid’s $HYPE slipped to $54. Volumes were modest, with roughly $28 billion changing hands in bitcoin and $10 billion in ether.

    Electronics giant Samsung said chip profit rose more than 250-fold on AI memory shortages, and the Kospi swung between a 6% gain and a 2% loss before settling, after a stretch that took the index down more than 40% from its June peak.

    Samsung’s reaction is the tell on how high the bar has become. Profit up 250-fold moved the shares 2%. SK Hynix reported profit up 557% on Wednesday and fell 17%. Results are not the problem, expectations are.

    U.S. earnings split overnight. Microsoft gained nearly 9% in extended trading on its fastest cloud growth in four years, while Meta fell 8% on a weak revenue forecast. Nasdaq 100 futures rose 1% after the index entered a technical correction on Wednesday.

  • Cautious Atmosphere Remains in the Market, Crypto Fear and Greed Index Stays at 35! Here Are the Details

    Cautious Atmosphere Remains in the Market, Crypto Fear and Greed Index Stays at 35! Here Are the Details

    The Crypto Fear and Greed Index, a key indicator measuring investor sentiment in cryptocurrency markets, remained at 35 points, suggesting a continued cautious outlook in the markets. Calculated by CoinMarketCap, the index showed no change compared to the previous day, revealing that investor risk appetite remains low.

    The index indicates “excessive fear” in the market as it approaches zero, and “excessive greed” as it approaches 100. The current level of 35 points is in the “fear” zone, indicating that investors continue to act cautiously due to uncertainty and that market confidence has not yet fully recovered.

    CoinMarketCap considers a variety of data points related to the cryptocurrency market when creating its index. The calculation takes into account indicators such as price movements of the top 10 cryptocurrencies by market capitalization, market volatility, put/call ratios in derivative markets, stablecoin supply ratio (SSR), and user search data on the CoinMarketCap platform. This allows the index to reflect not only price changes but also investor behavior and market trends.

    Recently, global macroeconomic uncertainties, expectations regarding central bank monetary policies, and volatile price movements in crypto assets have been cited as the main factors limiting investors’ willingness to take risks. The fact that the index has remained at the same level for several days also indicates that the market is struggling to determine a new direction.

    Analysts note that the Fear and Greed Index alone is not sufficient for making investment decisions, but it is considered an important indicator for understanding market psychology. Historically, periods when the index fell to very low levels sometimes presented buying opportunities, while excessively high levels increased the risk of profit taking.

    *This is not investment advice.