Key Takeaways
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Macro Environment: Trump will meet with Putin in Alaska on the 15th, seeking to reach a Russia-Ukraine ceasefire agreement. The news boosted risk appetite, with U.S. stocks rising across the board on Friday and tech stocks pushing the Nasdaq to a new high.
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Crypto Market: Bitcoin reserves expand to Ivy League universities, as Harvard University disclosed it holds $116 million worth of iShares Bitcoin ETF. Combined with expectations of geopolitical conflict resolution, Bitcoin surged 2.43% on Sunday. ETH broke above $4,300, the highest since November 2021, and the ETH/BTC ratio surpassed 0.036, with Ethereum ecosystem tokens rising across the board.
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Outlook for Today:
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Trump says U.S. semiconductor and pharmaceutical tariffs will be announced “around this week.”
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LAYER unlock: 9.51% of circulating supply, worth about $17 million.
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,389.44 | +0.78% |
| NASDAQ | 21,450.02 | +0.98% |
| BTC | 119,291.00 | +2.43% |
| ETH | 4,250.54 | -0.25% |
Crypto Fear & Greed Index: 70 (69 a day ago) — in the “Greed” zone.
Project Highlights
Trending Tokens: ETH, ENA, ZORA
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ETH showed strong performance, hitting its highest price in nearly four years; Ethereum ecosystem tokens LDO, ENA, PENDLE all gained.
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IP (+5%): Upbit launched STORY(IP) spot trading.
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TON (-0.3%): Verb Technology completed a $558 million private financing round to build a TON corporate treasury.
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XRP (-0.4%): Trident Digital plans to raise $500 million to establish a corporate XRP reserve; Digital Wealth Partners Management completed a $200 million XRP fundraising.
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SPARK (+95%): A Solana-based AI virtual creature-themed meme token; SPARK’s market cap briefly exceeded $33 million, hitting an all-time high.
Macro Economy
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Trump: Will meet with Putin in Alaska on the 15th.
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U.S. Treasury Secretary Bessent: Trade issues are expected to be resolved by the end of October.
Industry Highlights
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El Salvador to establish its first Bitcoin bank.
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Bloomberg: China orders local brokerages to stop promoting stablecoins to prevent market overheating and potential risks.
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Ukraine to review cryptocurrency regulatory bill at the end of August.
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EU’s new rules give banks an advantage in regulating tokenized assets, potentially accelerating tokenization in Europe.
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Michael Saylor released Bitcoin Tracker data, possibly hinting at another MicroStrategy BTC purchase.
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On Polymarket, the probability of ETH hitting a new all-time high this year rose to 74%.
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Harvard University holds $116 million worth of iShares Bitcoin ETF.
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BlackRock: No plans to file for XRP or SOL ETFs for now.
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USDC market cap surpassed $65 billion, reaching another record high.
This Week’s Outlook
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Aug 11: Trump’s semiconductor & pharmaceutical tariff remarks; LAYER unlock (9.51%, ~$17M).
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Aug 12: U.S. July CPI data; APT unlock (2.20%, ~$52.1M); 2027 FOMC voter & Richmond Fed President Barkin speaks.
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Aug 13: 2027 FOMC voter & Richmond Fed President Barkin speaks.
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Aug 14: U.S. July PPI; 2025 FOMC voter & Chicago Fed President Goolsbee speaks on monetary policy.
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Aug 15: U.S.-Russia leaders meet; U.S. July retail sales; Ghana requires virtual asset companies to complete registration by Aug 15; FTX to start next round of claims registration on Aug 15, releasing $1.9B in disputed claims reserves.
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