Market Snapshot
Bitcoin (BTC) is hovering around $BTC 120,000, reflecting a continued bullish trend driven by cooling inflation and rising optimism over U.S. regulatory support for crypto inclusion in retirement accounts .
Ethereum (ETH) is trading near $ETH
4,624, showing solid gains with intraday highs approaching $4,674, fueled by robust institutional accumulation .
Market Highlights & Key Developments
Market capitalization across the crypto sector has surged to approximately $4.06–$4.16 trillion, marking new record highs and continuing the broader bull momentum .
Ethereum’s standout rally: In August alone, ETH is up nearly 41%, significantly outperforming the broader market’s 9% gain. Over three months, ETH has climbed around 59%, including a 14% rise just last week .
Institutional momentum: Ethereum is leading inflows into crypto ETPs, and firms like 180 Life Sciences (ETHZilla) have acquired substantial holdings—over 82,000 ETH recently .
Massive ETH treasury accumulation: BitMine, under Tom Lee’s leadership, is planning an enormous ETH raise, with targets edging toward $20–25 billion, aiming to capitalize on the bull surge .
“Flippening” talk heating up: Discussions around Ethereum potentially surpassing Bitcoin in market cap (“flippening”) have gained traction as use cases in DeFi, smart contracts, and tokenized assets expand .
Do Kwon pleads guilty: Terraform Labs co-founder Do Kwon admitted guilt in a U.S. federal court over fraud tied to the $40 billion collapse of TerraUSD and Luna. He faces up to 12 years in prison and forfeiture of over $19 million in assets. Sentencing is scheduled for December 2025 .
Crypto hedge fund gains: Tephra Digital delivered a 9% return in July, backed by Jefferies’ Leucadia, with year-to-date gains nearing 23%. Bitcoin reached record highs around $123,000, and Ethereum climbed 50% during the month. The overall crypto market expanded by over $700 billion, with $30 billion flowing into crypto ETFs and ETPs .