Monday Morning Blockchain
4th August 2025
Market Overview
The crypto market saw a mixed week as macroeconomic uncertainty and trade policy risks weighed on sentiment, especially for Bitcoin. However, Ethereum and several major altcoins posted notable gains late in the week, fueled by renewed ETF inflows and favorable regulatory signals. The global crypto market capitalisation stands at approximately $3.77 trillion, reflecting a slight decline of 2–3% over the last 24 hours.
Top Cryptocurrency Performance
Bitcoin (BTC): $114,524 — down slightly over the week, but recovered +0.8% in the past 24 hours
Ethereum (ETH): $3,550 — +2.6% in 24h, rebounding on ETF inflows
Solana (SOL): $163.84 — up 1.8% in the last day, but down week-over-week
XRP: $3.01 — +4.8% in 24h, leading major altcoin gains
Binance Coin (BNB): $758.39 — +1.4% in 24h
Cardano (ADA): $0.739 — +2.0%
Dogecoin (DOGE): $0.202 — +2.9%
Polkadot (DOT): $3.62 — +1.1%
Polygon (MATIC): $0.202 — +1.1%
Litecoin (LTC): $111.27 — +2.6%
Notable Events Impacting the Market
SEC Launches “Project Crypto”
The U.S. SEC announced a new initiative to modernize token classification and support tokenized securities — a major shift toward more crypto-friendly regulation.ETH ETFs Attract $1.85B
Spot Ethereum ETFs saw the second-largest weekly inflow in their history, reaffirming ETH’s growing institutional role.XRP, DOGE & Altcoins Rebound
While BTC struggled mid-week, altcoins surged late. XRP posted the strongest gains, followed closely by ETH and DOGE.Macro & Tariff Tensions
Bitcoin came under pressure after Trump’s renewed tariff threats against key EU partners, which briefly dragged broader markets before a Friday rebound.Elliott Wave Analysis Points to $140K Target
A leading technical analyst projected Bitcoin could rally to $140K by year-end before facing a more prolonged correction in 2026.
Sentiment & Outlook
The Fear & Greed Index sits near neutral (~52), reflecting a cautious but stable mood across markets. Traders are closely watching:
U.S. inflation and jobs data releases
Potential SEC guidance timelines under “Project Crypto”
Continued ETF flows into ETH and large-cap altcoins
Conclusion
Crypto held up well this week, despite volatility and trade uncertainty. Strong ETF momentum, supportive regulatory language from the SEC, and resilient altcoin performance have helped steady market confidence. As global financial policy continues to evolve, crypto’s role as a parallel financial system only becomes more apparent.
This Week In Crypto
Bitcoin and Ethereum rally as rate-cut optimism grows
Bitcoin steadied near $114K, with ETH, XRP, Cardano, and Solana jumping up to 8%, driven by renewed investor optimism ahead of the Fed’s potential rate cut in September.Axios+1new.sergeytereshkin.com+1The Economic TimesBarron's+1The Economic Times+1Indonesia hikes crypto tax rates starting August 1
Overseas trades now carry a 1% tax (up from 0.2%), domestic trades 0.21%, while VAT on mining is doubled. Tax reforms aim to recast crypto as a financial asset.Reuters+1Wikipedia+1White House rolls out sweeping digital asset policy report
The President’s Working Group released a 160-page digital asset policy blueprint, calling for regulatory reform, investor protections, and modernized trading infrastructure.Indiatimes+8Axios+8Business Insider+8Trump admin proposes “fit‑for‑purpose” crypto framework
A policy working group recommended expanding CFTC’s authority over spot trading and clarifying registration and custody rules—aiming for practical U.S. crypto governance.Business InsiderKidnapping charges follow high-profile “crypto bro” torture case in NYC
Former co-defendant John Woeltz was released on a $1M bond after allegedly torturing an Italian crypto trader to obtain his wallet passwords.New York Post+1New York Post+1Justin Sun among passengers on Blue Origin’s crypto-linked spaceflight
Crypto entrepreneur Justin Sun flew aboard Blue Origin’s New Shepard mission, marking another high-profile venture linking crypto and space travel.People.comBitcoin outlook affirmed amid modest dip
Despite a weekly decline (~3%), technical experts forecast BTC could still reach $140K by year-end before a possible 2026 bear market.Business Insider+15CoinDesk+15The Economic Times+15Record ETH ETF inflows, but ETF majors suffer outflows Thursday
Although spot Ethereum ETFs saw $1.85B in inflows for the week, spot BTC and ETH funds recorded $812M and $153M outflows respectively on Friday.CoinCentralMetaplanet adds 463 BTC — holdings reach ~17,595 BTC
Japanese firm Metaplanet expanded its treasury strategy, increasing BTC holdings by ~$53.7M despite August often being a weak month historically.CoinDesk+2coinspeaker.com+2The Economic Times+2Crypto market takes a hit on broader macro risk
Global capitalization fell 6.6% on August 1 alone, showing crypto remains vulnerable to traditional finance shocks and geopolitical tensions.CoinCentral+12iconomi.com+12CoinCentral+12
Meme of the Week
