Cryptocurrency Market Performance

Currently, the total market capitalization of cryptocurrencies is $4.02 trillion, with BTC accounting for 57.7%, which is $2.32 trillion. The market cap of stablecoins is $276.3 billion, with a 7-day increase of 0.45%, of which USDT accounts for 60.39%.

Among the top 200 projects on CoinMarketCap, most have risen while a few have fallen, including: OKB with a 7-day increase of 123.59%, MORPHO with a 7-day increase of 35.13%, BIO with a 7-day increase of 131.53%, QTUM with a 7-day increase of 29.34%, and ZEC with a 7-day increase of 18.29%.

This week, the net outflow from U.S. Bitcoin spot ETFs was $1.178 billion; the net outflow from U.S. Ethereum spot ETFs was $233 million.

Market Forecast (August 25 - August 29):

This week, there was an increase in the issuance of stablecoins, and significant net outflows from U.S. Bitcoin and Ethereum spot ETFs, with platform tokens like $OKB experiencing substantial gains this week. The RSI index is at 58.39, indicating a neutral to slightly bullish trend. The Fear and Greed Index is at 59 (the same as last week).

Core fluctuation range for BTC: $112,000 - $117,000

Core fluctuation range for ETH: $4,200 - $4,700

On August 22, Federal Reserve Chairman Jerome Powell stated at the Jackson Hole annual meeting that "the situation indicates that the risks to employment are rising," which the market interprets as Powell seemingly preparing for a rate cut in September. Following his speech, the probability of a rate cut in September increased to 91.2%. With less than a month until the September rate decision, key inflation data during this period will influence the final decision. We remain optimistic about Q4 being the peak of this cycle, anticipating another wave of market growth.

Understanding Now

Review of Major Events of the Week

1. On August 18, according to Ark Invest Daily, Cathie Wood's Ark Invest ARKK fund has a portfolio allocation where Coinbase accounts for 6.28%, Robinhood for 3.84%, Bitmine for 3.22%, and Circle for 3.17%;

2. On August 18, according to Jupiter data, in the market share ranking of Solana token issuance platforms over the past 24 hours, pump.fun ranked first with 79.4%, Letsbonk second with 12.9%, and BAGS third with 3.08%;

3. On August 19, Bloomberg reported that blockchain lending company Figure Technology Solutions Inc. has publicly submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), planning to trade on NASDAQ under the code FIGR;

4. On August 20, ALT5 Sigma stated that Jon Isaac is neither, nor has ever been, the president of ALT5 Sigma, nor an advisor to the company. The company is unaware of any investigations currently being conducted by the SEC regarding its activities;

5. On August 21, the number of initial jobless claims in the U.S. for the week ending August 16 was 235,000, expected to be 225,000, with a previous value of 224,000.

Macroeconomics

1. On August 29, the Reserve Bank of New Zealand decided to cut interest rates by 25 basis points, bringing the rate to 3%;

2. On August 22, Federal Reserve Chairman Powell stated at the Jackson Hole annual meeting that a shift in risk balance may require policy adjustments, indicating that the risks to employment are rising. The market interprets this as Powell preparing for a rate cut in September;

3. On August 22, according to CME "FedWatch" data, after Powell's speech, the probability of a rate cut in September increased to 91.2%.

ETF

According to statistics, from August 18 to August 22, the net outflow from U.S. Bitcoin spot ETFs was $1.178 billion; as of August 22, GBTC (Grayscale) had a total outflow of $23.876 billion, currently holding $20.869 billion, while IBIT (BlackRock) currently holds $87.209 billion. The total market capitalization of U.S. Bitcoin spot ETFs is $152.474 billion.

The net outflow from U.S. Ethereum spot ETFs was $233 million.

Envisioning the Future

Upcoming Events

1. WebX Asia 2025 will be held from August 25 to 26 in Tokyo, Japan;

2. Bitcoin Asia 2025 will be held from August 28 to 29 at the Hong Kong Convention and Exhibition Centre;

3. Taipei Blockchain Week 2025 will be held from September 4 to 6 in Taipei;

4. EDCON 2025 will be held from September 16 to 19 in Osaka, Japan, gathering members of the global Ethereum community to discuss protocol updates, ecosystem development, and the future of Web3;

5. Korea Blockchain Week 2025 will be held from September 22 to 28 in South Korea.

Project Progress

1. Gryphon shareholders will vote on the merger with American Bitcoin on August 27;

2. CUDIS airdrop claims are open until August 31 at 20:00, and users need to connect their verified Solana wallets to claim the S1 airdrop.

Important Events

1. On August 26 at 9:30, the Reserve Bank of Australia will release the minutes of the August monetary policy meeting;

2. On August 28 at 20:30, the U.S. will announce the number of initial jobless claims for the week ending August 23 (in thousands);

3. On August 29 at 20:30, the U.S. will announce the year-on-year core PCE price index for July.

Token Unlocks

1. Velo (VELO) will unlock 182 million tokens on August 25, valued at approximately $2.88 million, accounting for 0.83% of the circulating supply;

2. Venom (VENOM) will unlock 59.26 million tokens on August 25, valued at approximately $9.55 million, accounting for 2.28% of the circulating supply;

3. Artificial Superintelligence Alliance (FET) will unlock 3 million tokens on August 28, valued at approximately $2.04 million, accounting for 0.14% of the circulating supply;

4. Jupiter (JUP) will unlock 53.49 million tokens on August 28, valued at approximately $27.55 million, accounting for 1.78% of the circulating supply;

5. Optimism (OP) will unlock 31.24 million tokens on August 31, valued at approximately $24.11 million, accounting for 1.9% of the circulating supply.

About Us

Hotcoin Research, as the core research institution of Hotcoin Exchange, is dedicated to transforming professional analysis into your practical tools. Through our "Weekly Insights" and "In-Depth Reports," we analyze market trends for you; leveraging our exclusive column "Hotcoin Selection" (AI + expert dual screening), we help you identify potential assets and reduce trial-and-error costs. Each week, our researchers will also engage with you through live broadcasts to interpret hot topics and predict trends. We believe that warm companionship and professional guidance can help more investors navigate cycles and seize the value opportunities of Web3.

Risk Warning

The cryptocurrency market is highly volatile, and investing carries risks. We strongly recommend that investors conduct investments based on a full understanding of these risks and within a strict risk management framework to ensure the safety of their funds.