• In August, the total market capitalization of cryptocurrencies slightly decreased by 1.7% due to a higher-than-expected producer price index. Bitcoin's market share fell to about 57.3%, while Ethereum's share increased to over 14.2%, reflecting a shift to altcoins amid expectations of a possible rate cut by the Fed. Corporate treasury bonds continue to accumulate Ethereum, holding 4.44 million $ETH

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    (3.67% of the total offer). Historically, it has been observed that there may also be a market weakening in September, as investors lock in profits.

  • Although a decrease in rates is often seen as a bullish factor for Bitcoin, historical data shows a weak and volatile correlation. This relationship has become more complex under the influence of institutional and market factors. As markets take into account the anticipated rate cuts, the price of Bitcoin already reflects this, so the direct relationship between rate cuts and price growth is an oversimplification. The key point is how actual actions of the Fed differ from expectations and the economic situation.

  • In August, USDe grew by more than 43.5%, reaching a volume of 12.2 billion US dollars, increasing its market share of stablecoins with a volume of about 280 billion US dollars to over 4%. It became the fastest-growing asset to surpass the 10 billion US dollar mark, achieving this milestone in 536 days, while for #USDC and #USDT。 it took 903 and over 2000 days respectively. Given that global interest rates are still significantly higher than historical lows and are expected to decrease, such income models create a strong market position.

  • DeFi lending protocols demonstrated significant growth in 2025: the total value locked (TVL) increased by approximately 72%. #AAVE maintains market leadership, accounting for 54% of TVL, while Maple and Euler have rapidly expanded, reaching about 3 billion US dollars each. As the adoption of stablecoins and tokenized assets accelerates, leading lending platforms #DeFi have every opportunity to benefit from the growing institutional adoption of these new technologies.

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