Hey Binance Square crew! Here’s your fresh crypto update for August 7, 2025, straight from the blockchain. Despite market volatility, institutional moves and altcoin buzz are keeping the crypto space electric. Let’s break down today’s biggest stories!#crypto #bitc Market Snapshot: Bitcoin Recovers, Altcoins Shine Bitcoin (BTC) Bounces Back: BTC climbed 2% to ~$114,090.79, recovering from a dip to $113,231.41 amid tariff fears. Analysts see $110K as solid support, with a potential push to $124K if it clears $122K.
Ethereum (ETH) ETF Momentum: ETH trades at ~$3,582.88, supported by $850M in ETF inflows. Experts forecast a rise to $4,495 by Q4 2025, driven by DeFi growth.
Solana (SOL) Outperforms: SOL gained 3% to ~$199, fueled by DeFi and NFT activity. Analysts predict a $495 target in 2025 if scalability upgrades continue.
Regulatory & Industry Highlights Binance’s Sharia Earn Certified: Binance’s Sharia Earn product received official certification from Amanie Advisors, ensuring compliance with Islamic finance principles, a major win for global adoption.
JPMorgan’s Crypto Loans: JPMorgan Chase is exploring loans backed by Bitcoin and Ethereum holdings, set to launch in 2026, signaling deeper institutional integration.
Visa’s Blockchain Expansion: Visa added support for Stellar and Avalanche blockchains, integrating three stablecoins for settlements, boosting mainstream crypto use.
Altcoin & Memecoin Buzz XRP Correction Looms: XRP dropped to ~$2.95, with bearish signals like an MVRV death cross. Still, long-term forecasts see $4.14–$5.25 by 2030 with regulatory clarity.
Pepeto’s Meme Hype: PEPETO, at $0.000000143, is trending with its zero-fee PepetoSwap. Speculators eye a $1B market cap if Binance lists it, following SHIB’s path.
Cardano (ADA) Struggles: ADA hovers at ~$0.73, lagging behind newer tokens. The Hydra upgrade could spark a rally to $0.80–$3 by year-end.
