Cryptocurrency Market Performance
Currently, the total market value of cryptocurrencies is $3.86 trillion, with BTC accounting for 60%, or $2.3 trillion. The market value of stablecoins is $269.8 billion, with a recent increase of 1.04% over the past 7 days, of which USDT accounts for 61.21%.
Among the top 200 projects on CoinMarketCap, most rose while some fell, including: MNT with a 7-day increase of 41.91%, PENDLE with a 7-day increase of 31.81%, PUMP with a 7-day increase of 29.16%, MYX with a 7-day increase of 1420.3%, and TOSHI with a 7-day increase of 22.52%.
This week, net inflow into Bitcoin spot ETF in the U.S.: $253.6 million; net inflow into Ethereum spot ETF in the U.S.: $326.4 million.
Market Predictions (August 11 - August 15):
This week, stablecoins continue to be issued, with net inflows into U.S. Bitcoin and Ethereum spot ETFs, and Ethereum broke through $4,000 this week, performing well. The RSI index is at 62.75, indicating overbought conditions. The fear and greed index is at 68 (the index is higher than last week).
BTC: likely to fluctuate in the range of $114,500 - $118,500, with the breakout direction depending on U.S. CPI data. If the data supports rate cut expectations, it may test $120,000; if the data is strong, it may retreat to the $112,500 support.
ETH: performance may continue to outperform BTC, with a main volatility range of $3,750 - $4,200. Any positive signals regarding the spot ETF from the SEC could push ETH to continue breaking through.
Short-term investors: can adopt a range trading strategy, buying near support levels and taking partial profits near resistance levels.
Medium to long-term investors: should utilize potential pullback opportunities to build positions in batches, focusing on the strong support areas near $112,500 for BTC and $3,300 for ETH.
Understand Now
Review of Major Events of the Week
On August 6, the U.S. Securities and Exchange Commission released a statement regarding liquidity staking activities, stating that liquidity staking activities are not considered securities.
On August 6, Base released a downtime incident report, stating that on August 5, there was a 33-minute block generation interruption due to switching to a backup sorter that was not correctly set to handle transactions.
On August 5, JD.com’s JD Coin Chain announced it is aware of false reports and rumors in the market and responded that it is preparing for a stablecoin license application in Hong Kong.
On August 7, according to Etherscan data, the number of daily transactions on the Ethereum network rose to 1.87 million, approaching the historical high record of 1.96 million set on January 14, 2024.
On August 6, Cboe BZX, a subsidiary of the Chicago Board Options Exchange (CBOE), submitted a 19b-4 filing to the U.S. Securities and Exchange Commission requesting permission for VanEck Ethereum ETF to stake ETH through a trusted staking provider to earn rewards as income.
On August 6, Cboe BZX, a subsidiary of the Chicago Board Options Exchange (CBOE), submitted a 19b-4 filing to the U.S. Securities and Exchange Commission requesting permission for VanEck Ethereum ETF to stake ETH through a trusted staking provider to earn rewards as income. The SEC and Ripple officially ended their four-year legal battle, upholding the first-instance ruling.
On August 8, Trump announced the nomination of 'crypto-friendly' official Stephen Miran as a Federal Reserve governor.
Macroeconomics
On August 6, the U.S. White House announced that Trump signed an executive order imposing an additional 25% tariff on goods from India in response to India's continued purchase of Russian oil. Following the new tariffs from Trump, oil prices briefly rose, reaching an intraday high.
On August 7, the Bank of England cut interest rates by 25 basis points, lowering the benchmark rate from 4.25% to 4%, marking the fifth rate cut in this cycle, in line with market expectations.
On August 7, the number of initial jobless claims in the U.S. for the week ending August 2 was 226,000, with an expectation of 221,000.
On August 8, according to CME 'FedWatch' data, the probability of a 25 basis point rate cut in September is 92.7%, while the probability of maintaining the current rate is 7.3%.
ETF
According to statistics, from August 4 to August 8, net inflow into Bitcoin spot ETF in the U.S.: $253.6 million; as of August 8, GBTC (Grayscale) had a total outflow of $23.662 billion, with current holdings of $21.058 billion, and IBIT (BlackRock) currently holds $85.956 billion. The total market value of U.S. Bitcoin spot ETF is $152.024 billion.
Net inflow into the U.S. Ethereum spot ETF: $326.4 million.
Envision the Future
Event Preview
Coinfest Asia 2025 will be held from August 21 to 22 in Bali, Indonesia.
WebX Asia 2025 will be held from August 25 to 26 in Tokyo, Japan.
Bitcoin Asia 2025 will be held from August 28 to 29 at the Hong Kong Convention and Exhibition Centre.
Important Events
On August 12 at 12:30, the Reserve Bank of Australia will announce its interest rate decision.
On August 12 at 20:30, the U.S. will release the July unadjusted CPI (year-on-year);
On August 14 at 20:30, the U.S. will announce the previous week's seasonally adjusted initial jobless claims (thousands) (as of August 9).
Token Unlocking
Aptos (APT) will unlock 11.3 million tokens on August 12, valued at $53.04 million, accounting for 2.2% of circulation.
Avalanche (AVAX) will unlock 1.67 million tokens on August 15, valued at approximately $39.14 million, accounting for 0.33% of circulation.
Starknet (STRK) will unlock 12.6 million tokens on August 15, valued at $16.18 million, accounting for 5.98% of circulation.
Sei (SEI) will unlock 55.56 million tokens on August 15, valued at approximately $17.12 million, accounting for 1.21% of circulation.
Arbitrum (ARB) will unlock 9.263 million tokens on August 16, valued at approximately $39.11 million, accounting for 2.04% of circulation.
About Us
Hotcoin Research, as the core research institution of Hotcoin Exchange, is committed to turning professional analysis into your practical tool. We analyze market contexts through (weekly insights) and (in-depth reports); utilizing the exclusive column (Hotcoin Selected) (AI + expert dual screening) to lock in potential assets and reduce trial and error costs. Every week, our researchers will also face-to-face with you through live broadcasts, interpreting hotspots and predicting trends. We believe that warm companionship and professional guidance can help more investors navigate cycles and seize the value opportunities of Web3.
Risk Warning
The cryptocurrency market is highly volatile, and investment itself carries risks. We strongly recommend that investors make investments based on a complete understanding of these risks and within a strict risk management framework to ensure the safety of funds.
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