Major Crypto News and Updates

1. Market Drop Sparked by U.S. Risk-Off Sentiment

Crypto markets plunged on August 1, 2025, after soft U.S. jobs data triggered widespread risk aversion. Bitcoin slid over 3% to around $113K, while Ether and other altcoins fell between 4–6% .

Simultaneously, spot Bitcoin and Ethereum ETFs experienced their second-largest outflows of the full year—$812M from BTC-linked ETFs and $153M from ETH-linked, ending a 20-day ETH inflow streak .$BTC $ETH