August 5, 2025 | Crypto Daily Express
Good afternoon, today is August 5, 2025. Here are the latest developments in the crypto industry:
📈 **Market Sentiment and Market Conditions**
The crypto market Fear and Greed Index has not yet been updated. The latest data shows neutral market sentiment, and investors should monitor future fluctuations.
📌 **Selected Industry Updates**
1. Citigroup, JPMorgan Chase, and Goldman Sachs lead traditional financial institutions in blockchain support, with active cross-border payment and settlement sectors.
2. China reiterated that it will not introduce new cryptocurrency bans, alleviating investor concerns.
3. XRP Price Prediction: If Ripple wins the SEC lawsuit, the long-term price may exceed $10.
4. Ethereum targets the $4,800 mark, with BlackRock promoting staking for spot ETH ETFs.
5. XRP Ledger stablecoin minting hits a record high, with Brazilian bank BBRL minting over $400 million in a single month.
6. Cardano's technical chart shows similarities to the period before the 2024 bull run, potentially pushing towards $6. 7. PayPal fully opens cryptocurrency payments to US merchants, supporting major currencies such as BTC.
8. Ethereum's market capitalization exceeds $440 billion, with developers focusing on scaling solutions.
9. A Trump-affiliated fund increased its holdings by 256 ETH, bringing its total holdings to 77,000.
10. The White House will release its first report on Bitcoin and cryptocurrencies, which may include adjustments to the regulatory framework.
11. MYX Finance surged 357% in a single day, exceeding $112 million in market capitalization.
12. Illuvium (ILV) rose 79%, with blockchain gaming tokens buoyed by the announcement of a new version.
13. Pump.fun (PUMP)'s market capitalization exceeded $1 billion, continuing the social trading craze.
14. The floor price of Trump's digital trading card NFT soared 103%.
15. Binance Wallet's IDO sector surged 26% in a single day, reaching a total market capitalization of $535 million.
📈 **Today's Top 10 Gainers**
- MYX: +357.8%, Market Cap $112M
- ILV: +79.69%, Market Cap $217M
- MAMO: +11.52%, Market Cap $55M
- PUMP: +6.89%, Market Cap $1.09B
- SEI: +5.84%, Market Cap $1.72B
- ETH: +3.06%, Market Cap $440B
- SOL: +3.05%, Market Cap $90B
- XRP: +1.25%, Market Cap $180B
- HYPE: +0.66%, Market Cap $12.7B
- BTC: -0.05%, Market Cap $2.28T
