🗓️2025/8/19
1⃣ Mainstream Coin Trends
$BTC
Continuing to weaken, it seems like funds are taking profits at high levels, the short-term sentiment is a bit fragile, and the market is entering a wait-and-see phase.
$ETH
The market is cooling down; Ethereum has dropped from a high of $4.8k and is now testing around $4.2k repeatedly, let's see if it can hold this support level. If it holds, it might still gather strength for a breakout.
$SOL
Gradually correcting, but not surprising; SOL has this pattern where it always spikes up quickly and then starts to stall and drop.
2⃣ Crypto News
The ETF Store president: The SEC should quickly approve the staking feature for the spot Ethereum ETF.
If staking can really be opened, then the ETF will be even more attractive, essentially allowing for passive earnings. But the SEC has been slow, so don't hold out too much hope in the short term.
Strategy relaxes equity financing restrictions; new shares can still be issued even if the stock price is below 2.5 times the $BTC holdings.
This is a typical play of exchanging stock for coins, an old trick by MSTR. It may not please shareholders, but it's positive for BTC bulls.
The U.S. SEC has delayed decisions on multiple crypto ETF applications.
It's an old traditional act; delay equals not rejecting, even if it's negative, it's within expectations.
The U.S. Treasury is soliciting public opinion to explore new methods to combat illegal activities in digital assets.
The government has been exploring and managing over the past few years, which has become the norm for the industry; the key is not to over-regulate.
JPYC yen stablecoin will launch on Ethereum, Avalanche, and Polygon.
Japan has been quite active; if the stablecoin ecosystem can thrive, it will be a plus for the Asian market.
Strategy repurchased 430 BTC, bringing total holdings to 629,000.
MSTR is making its presence felt again, it seems like their BTC purchases are as frequent as regular people's dollar-cost averaging.
Last week, global public companies net bought $280 million in BTC, MSTR increased its holdings by 430 BTC in one week.
The trend is still that institutions are continuously increasing their positions while retail investors are worried about a drop and institutions are quietly buying.
Bitcoin treasury company KindlyMD completed a $200 million convertible bond issuance, which will be used to increase BTC holdings.
More and more companies are choosing the bond issuance route to buy BTC, indicating that Bitcoin has become a part of financial allocation.
Public company BNC announced its $BNB holdings increased from 200,000 to 325,000.
It's rare to see someone publicly admit to buying BNB, which shows they are genuinely willing to bet on the Binance ecosystem.
Blockchain lending platform Figure Technology has submitted an IPO application, with Goldman Sachs and others acting as underwriters.
CeFi projects pursuing the IPO route seem to want to leverage the endorsement of traditional finance. Whether they can go public still depends on market conditions.
Chamath initiates AMERICAN EXCEPTIONALISM SPAC, aiming to raise $250 million focusing on AI and DeFi.
Chamath is at it again with grand ambitions; AI + DeFi sounds trendy, but the SPAC craze has already cooled down, whether this wave will succeed is still uncertain.
Bloomberg ETF analyst: Vanguard submits application for an actively managed equity ETF.
Vanguard has always been conservative towards crypto; an actively managed equity ETF indicates they want to expand their business, but it doesn't have much to do with us in the crypto space.
ZachXBT: BlockDAG Network is an investment scam.
Zach is at it again, basically every project he mentions ends up failing, brothers need to be cautious.
The AI compliance platform IVIX, aimed at combating crypto financial crime, has completed a $60 million Series B funding round, led by OGVP.
There has always been a lot of money in compliant sectors; the AI + compliance narrative is appealing, but for ordinary users, it means regulation will become increasingly detailed.
A certain crypto influencer was sentenced to one year in prison for a $3.5 million crypto hijacking, having paid a $500,000 fine and a Mercedes.
One year in jail for $3.5 million, even after deducting the fine and the Mercedes, it's still a profit; honestly, this kind of sentencing seems a bit light.
3⃣ Market Outlook
It feels like the market's enthusiasm is gradually cooling down, but institutional buying is still ongoing. In the short term, everything is consolidating, like it's looking for the next direction. Let's see who breaks the rhythm first to bring out a new market trend.
