Nasdaq Declines As Coinbase Expands Futures Market

On July 21, 2025, Coinbase announced that U.S. users can now trade CFTC-regulated perpetual futures, marking a significant expansion in its offerings. The move signals a strategic effort to capture a larger market share within regulated U.S. markets, as echoed by the official company statement: “Starting from July 21st, 2025, U.S. users can trade CFTC-regulated perpetual futures…” Meanwhile, the Nasdaq Composite saw its intraday decline widen to 1%, with the S&P 500 index also dropping by 0.35%.

The crypto market reacted swiftly; the USDC Treasury burned 55 million USDC, reducing its circulating supply on the Ethereum blockchain. Recorded on-chain via Whale Alert, such actions often align with liquidity adjustments or redemptions, possibly reflecting a cautious stance amid the broader market decline.

Nasdaq Declines As Coinbase Expands Futures Market

Market responses included substantial Bitcoin ETF outflows totaling 1,477 BTC (estimated at $176.2 million). Conversely, Ethereum ETFs experienced notable inflows, suggesting a shift in institutional focus towards more resilient Ethereum assets during a period of equity market weakness.

As of July 22, 2025, Bitcoin (BTC) holds a price of $118,345.26 with a market cap nearing 2.35 trillion, according to CoinMarketCap data. Despite a 0.46% slip in the past day, BTC saw a 27.56% increase over 90 days. Its trading volume hit 77.84 billion, reflecting a 16.30% change within 24 hours.

Coincu’s research team highlights the ongoing trends towards crypto derivatives as an indication of institutional confidence in digital assets long-term. Regulatory clarity and technological advancements are seen as potential catalysts for sustained growth, even amidst volatile periods.

USDC Burn and Crypto Inflows Amid Market Volatility

Did you know? Similar stock market downturns in past years have historically resulted in significant stablecoin redemptions and burns, often heralding broader de-risking and rebalancing in cryptocurrency portfolios.

Market responses included substantial Bitcoin ETF outflows totaling 1,477 BTC (estimated at $176.2 million). Conversely, Ethereum ETFs experienced notable inflows, suggesting a shift in institutional focus towards more resilient Ethereum assets during a period of equity market weakness.

Coincu’s research team highlights the ongoing trends towards crypto derivatives as an indication of institutional confidence in digital assets long-term. Regulatory clarity and technological advancements are seen as potential catalysts for sustained growth, even amidst volatile periods.