Cryptocurrency Market Performance
Currently, the total market cap of cryptocurrencies is $4.02 trillion, with BTC accounting for 57.7%, which is $2.32 trillion. The market cap of stablecoins is $276.3 billion, with an increase of 0.45% in the last 7 days, of which USDT accounts for 60.39%.
Among the top 200 projects on CoinMarketCap, most have risen while a few have fallen, including: OKB with a 7-day increase of 123.59%, MORPHO with a 7-day increase of 35.13%, BIO with a 7-day increase of 131.53%, QTUM with a 7-day increase of 29.34%, and ZEC with a 7-day increase of 18.29%.
This week, the net outflow of the US Bitcoin spot ETF was $1.178 billion; the net outflow of the US Ethereum spot ETF was $233 million.
Market Forecast (August 25 - August 29):
This week, stablecoins have been issued, with significant net outflows from the US Bitcoin and Ethereum spot ETFs, and platform coins such as $OKB have seen significant increases this week. The RSI index is 58.39, showing a neutral to strong trend. The Fear and Greed Index is 59 (consistent with last week).
BTC core oscillation range: $112,000 - $117,000
ETH core oscillation range: $4,200 - $4,700
On August 22, Federal Reserve Chairman Powell stated at the Jackson Hole annual meeting that 'the situation indicates an increasing risk of job decline'. The market understands: Chairman Powell seems to be preparing for an interest rate cut in September, and after the speech, the probability of a rate cut in September rose to 91.2%. With less than a month until the September interest rate decision, key inflation data will impact the final decision. Still optimistic for Q4 as this round's peak, the market is expected to see another surge, just wait and see.
Understand Now
Reviewing the Major Events of the Week
1. On August 18, according to Ark Invest Daily, Cathie Wood's Ark Invest ARKK fund's holdings accounted for, with Coinbase at 6.28%, Robinhood at 3.84%, Bitmine at 3.22%, and Circle at 3.17%;
2. On August 18, according to Jupiter data, in the market share ranking of Solana token issuance platforms in the last 24 hours, pump.fun ranked first with 79.4%, Letsbonk ranked second with 12.9%, and BAGS ranked third with 3.08%;
3. On August 19, according to Bloomberg, blockchain lending company Figure Technology Solutions Inc. has publicly submitted an IPO application to the US Securities and Exchange Commission (SEC), planning to trade on NASDAQ under the code FIGR;
4. On August 20, ALT5 Sigma stated that Jon Isaac is not, nor has ever been, the president of ALT5 Sigma, nor an advisor to the company. The company is unaware of any investigations currently being conducted by the US Securities and Exchange Commission (SEC) regarding its activities;
5. On August 21, the number of initial jobless claims in the US for the week ending August 16 was 235,000, expected 225,000, previous value 224,000.
Macroeconomics
1. On August 29, the Reserve Bank of New Zealand will make a rate decision, cutting rates by 25 basis points, resulting in a rate of 3%;
2. On August 22, Federal Reserve Chairman Powell stated at the Jackson Hole annual meeting that changes in risk balance may require policy adjustments, and the situation indicates that the risk of job decline is increasing. The market understands: Chairman Powell seems to be preparing for an interest rate cut in September;
3. On August 22, according to CME 'Fed Watch' data, after Powell's speech, the probability of a rate cut by the Federal Reserve in September rose to 91.2%.
ETF
According to statistics, from August 18 to August 22, the net outflow of the US Bitcoin spot ETF was $1.178 billion; as of August 22, the total outflow of GBTC (Grayscale) was $23.876 billion, currently holding $20.869 billion, and IBIT (BlackRock) currently holds $87.209 billion. The total market value of the US Bitcoin spot ETF is $152.474 billion.
The net outflow of the US Ethereum spot ETF was $233 million.
Foreseeing the Future
Event Preview
1. WebX Asia 2025 will be held in Tokyo, Japan from August 25 to 26;
2. Bitcoin Asia 2025 will be held at the Hong Kong Convention and Exhibition Centre from August 28 to 29;
3. Taipei Blockchain Week 2025 will be held in Taipei from September 4 to 6;
4. EDCON 2025 will be held in Osaka, Japan from September 16 to 19, gathering members of the global Ethereum community to discuss protocol updates, ecosystem development, and the future of Web3;
5. Korea Blockchain Week 2025 will be held in South Korea from September 22 to 28.
Project Progress
1. Gryphon shareholders will vote on August 27 regarding the merger with American Bitcoin;
2. CUDIS airdrop claim is open until August 31 at 20:00. Users need to connect a verified Solana wallet and claim the S1 airdrop beforehand.
Important Events
1. On August 26 at 9:30, the Reserve Bank of Australia will release the minutes of the August monetary policy meeting;
2. On August 28 at 20:30, the US will announce the initial jobless claims for the week ending August 23 (ten thousand);
3. On August 29 at 20:30, the US will announce the annual core PCE price index for July.
Token Unlocking
1. Velo (VELO) will unlock 182 million tokens on August 25, valued at approximately $2.88 million, accounting for 0.83% of the circulating supply;
2. Venom (VENOM) will unlock 5.926 million tokens on August 25, valued at approximately $9.55 million, accounting for 2.28% of the circulating supply;
3. Artificial Superintelligence Alliance (FET) will unlock 3 million tokens on August 28, valued at approximately $2.04 million, accounting for 0.14% of the circulating supply;
4. Jupiter (JUP) will unlock 53.49 million tokens on August 28, valued at approximately $27.55 million, accounting for 1.78% of the circulating supply;
5. Optimism (OP) will unlock 31.24 million tokens on August 31, valued at approximately $24.11 million, accounting for 1.9% of the circulating supply.
About Us
Hotcoin Research, as the core research institution of Hotcoin Exchange, is committed to transforming professional analysis into your practical tools. We analyze market trends through (weekly insights) and (in-depth reports); leveraging exclusive columns (Hotcoin Selection) (AI + expert dual filtering) to identify potential assets and reduce trial and error costs. Each 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 value opportunities in Web3.
Risk Warning
The cryptocurrency market is highly volatile, and investing carries risks. We strongly recommend that investors conduct investments only after fully understanding these risks and under a strict risk management framework to ensure the safety of funds.
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