Briefly talk about August

In addition to the recent weak regulation and framework establishment of cryptocurrency by the SEC, there are three major positive developments within the cryptocurrency market:

1. Large unlocks have decreased by 52%, alleviating selling pressure

2. Expansion of stablecoin supply, with on-chain issuance of USDT and USDC expected to continue to surge

3. $ETH spot ETF staking second application window

Additionally, after experiencing a net outflow of funds on July 22, the ETF returned to significant fundraising on the 25th, while the overall daily trading volume in the cryptocurrency market began to rebound, with marginal buying starting to test a return ahead of macroeconomic conditions.

The risks have basically been discussed extensively, with the FOMC meeting in early August and the countdown to Trump’s tariffs, which are primarily focused on inflation and tariffs; unless there’s a black swan event, the impact on sentiment is minimal.

The altcoin market is essentially the biggest loser; it remains to be seen if August can break the curse. With over half of 2025 gone, depth is still concentrated on $BTC and a few mainstream chains, while altcoins remain below their 2021 highs, with no sustained influx of incremental funds. #白宫数字资产报告 #比特币