$BTC bitcoin is trading around $113,900, down about 1.4% over the past 24 hours, as total crypto market capitalization falls to approximately $3.70 trillion.
Ethereum declined over 5%, slipping below $3,600 amid heightened selling pressure and uncertain macro sentiment.
🔥 Token Highlights & Notables
Arthur Hayes (BitMEX co-founder) sold nearly $13 million worth of crypto $ETH Ethereum (~2,373 ETH), Ethena (ENA), and Pepe (PEPE) during the market dip, sparking speculation about timing and strategy.
Meme coins continue to lag: Dogecoin and Shiba Inu are stalling, while an obscure #altcoin Remittix (RTX) has skyrocketed roughly 484% in 2025, capturing investor attention.
$SOL Solana remains under pressure, struggling to stay above $180 while holders reportedly rotate into Remittix.
🏛️ Regulatory & Political Developments
The U.S. SEC unveiled Project Crypto, led by new Chair Paul Atkins, signaling a shift toward industry friendly policy. The initiative supports the White House’s crypto legislation recommendations, aiming to define token classifications and simplify ICO capital raises.
Ethereum is significantly outperforming Bitcoin: surging ~54% over the past month compared to Bitcoin’s 10%, driven by institutional interest via spot Ethereum #ETFs , optimism around the GENIUS Act, and corporate stablecoin plans.
Democrats are warming up to crypto regulatory bills like the GENIUS Act and the pending Clarity Act, aiming to appeal to crypto supporting voters ahead of the midterm elections .
🏦 Industry & Sector Signals
Coinbase stock plunged ~16-15% following mixed Q2 2025 earnings: while EPS increased YoY, many key metrics underperformed expectations. Revenue and trading volumes lagged, though the platform did announce a new Chase partnership and modest BTC holdings growth (~11,776 BTC added) .
Galaxy Digital warned that crypto treasury firms holding over $100 billion face risks similar to speculative bubble dynamics, with possible NAV‐discount triggers due to rising redemptions .
⚠️ Safety & Scam Alerts
AI‑powered crypto scams rose by 456% between mid‑2024 and early 2025. Deepfakes and fake credentials are increasingly used to dupe victims criminal rings siphoned hundreds of thousands, and total ecosystem losses totaled over $10.7 billion in 2024 .
🧭 What to Watch
Upcoming developments on the Clarity Act in U.S. Congress and how Project Crypto is implemented.
Stability of Ethereum’s momentum, particularly following recent ETF inflows and corporate stablecoin activity.
Sales moves by major holders like Arthur Hayes and whether they signal broader caution.
Regulatory shifts from major jurisdictions like Indonesia (which began new crypto tax rules on August 1) .
Continued rise in AI‑based social engineering scams, especially targeting newcomers.
🗓️ In Summary
BTC and ETH prices are under pressure today.
Ethereum is outpacing Bitcoin in growth over recent weeks.
Significant regulatory momentum is building in the U.S. with bipartisan momentum.
Fraud remains a serious risk as scammers leverage advanced A
