The crypto world is on fire this August, and Binance has just dropped its latest data packed with bullish signals and fresh trends. Here’s everything you need to know right now.
July’s Market Rally Sets the Stage
July closed with a massive 13.3% jump in total crypto market cap, driven by Bitcoin smashing past its previous all-time high and altcoins firing up.
$BITCOIN (BTC): New ATH in July, now trading around $116,532 (+1.31% in the last 24h).
#Ethereum (ETH): Corporate ETH holdings surged by 127.7%, with 24 new companies adding ETH to their balance sheets total corporate holdings now over 2.7M ETH.
Regulation Boost... The GENIUS Act
In the U.S., the GENIUS Act passed—marking the first federal framework to regulate fully reserved stablecoins. This move is expected to boost institutional trust and adoption in crypto markets.
💰 Binance Proof of Reserves (August 1, 2025 Snapshot)
BTC Reserves: +17,167 BTC (+2.99%)—clear sign of growing #bitcoin (Bitcoin demand)
$ETH (ETH Reserves): -496,984 ETH (-9.84%) suggesting traders may be rotating from ETH into BTC or stablecoins.
$USDT (USDT Reserves): +258M (+0.87%)—stablecoin confidence remains high.
📊 August 8, 2025 – Daily Market Pulse
Global Market Cap: $3.87T (+1.87% in last 24h)
Top Gainers:
#ASR🔥 ASR: +62%
#OG OG: +43%
#MAGIC MAGIC: +33%
What This Means for Traders
BTC is showing strength with increased reserves and price stability above $116K.
ETH outflows from Binance could mean accumulation elsewhere or profit-taking.
Stable coins are gaining possibly signaling traders preparing for the next big move.
Pro Tip:Keep an eye on mid-cap tokens showing double-digit growth—momentum could spill over from BTC’s bullish run
Disclaimer:This is not financial advice. Crypto investments are volatile invest wisely.
