Key Takeaways
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Macro Environment: U.S. August University of Michigan Consumer Sentiment unexpectedly declined, while short- and long-term inflation expectations rose. Adding pressure, Trump threatened new tariffs on chips, pushing U.S. equities lower with the S&P and Nasdaq closing down. U.S. Treasury yields broadly moved higher.
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Crypto Market: On Friday, the crypto market retreated alongside U.S. equities, but rebounded “as expected” on Sunday, likely driven by institutional DCA inflows. The ETH/BTC ratio and Bitcoin market dominance remained steady, while altcoins largely tracked broader market swings. Sentiment stayed relatively stable.
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Outlook for Today:
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Ukrainian President Zelensky to meet U.S. President Trump in Washington
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Thailand to launch a crypto-to-THB exchange program for foreign tourists
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Coinbase Derivatives to launch SOL and XRP mini perpetual futures on U.S. platform
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MELANIA token unlock: 5.60% of circulating supply, worth ~$5.7M
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,449.79 | -0.29% |
| NASDAQ | 21,622.98 | -0.40% |
| BTC | 117,404.30 | +0.02% |
| ETH | 4,472.62 | +1.14% |
Crypto Fear & Greed Index: 60 (vs. 64, 24h ago), current level: Greed
Project Highlights
Trending Tokens: LINK, ARB, OKB
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LINK: Chainlink launched the “LINK Reserve Program” in early August, converting on-chain oracle network revenues and off-chain enterprise service earnings into LINK reserves.
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CYBER: Boosted by Korean capital, Upbit 24h trading volume ranking: ETH, XRP, CYBER in top three.
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SKY: Sky co-founder used 1.77M ENA to repurchase 16.38M SKY.
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LTC: Media company TZUP partnered with Coinbase to include LTC in its digital asset management strategy.
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DOGE: Grayscale filed an S-1 registration statement for a Dogecoin ETF.
Macro Economy
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U.S. July retail sales MoM: 0.5%, in line with expectations
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U.S. August 1-year inflation expectation (prelim): 4.9%, above forecast and prior
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U.S. August Michigan Consumer Sentiment (prelim): 58.6, below forecast and prior
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Trump: “Next week I will impose tariffs on steel and chips.”
Industry Highlights
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Fed shut down the “Novel Activities Supervision Program” set up in 2023, which partially oversaw banks’ crypto-related activities
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SEC Chair: mobilizing all departments to make the U.S. a global crypto hub
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U.S. Treasury considering embedding digital ID verification in DeFi protocols
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Thailand to allow foreign tourists to exchange crypto into THB for e-payments
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India established its own Bitcoin Policy Research Institute
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Michael Saylor released new Bitcoin tracker info, may disclose additional purchases next week
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Bitcoin & Ethereum spot ETFs hit record weekly trading volume
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Emirates Airlines, Travala, and Air Arabia now accept BTC, ETH, USDT for bookings
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Ronin announced plans to transition from Ethereum sidechain back to Ethereum L2
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Wells Fargo purchased $130M worth of Bitcoin
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Bitmine (BMNR) added 135,000 ETH, bringing total holdings to 1.297M ETH
This Week’s Outlook
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Aug 18: Zelensky meets Trump in Washington; Thailand launches crypto-to-THB exchange program; Coinbase Derivatives launches SOL & XRP mini perpetuals (U.S.); MELANIA unlock (5.60% of supply, ~$5.7M)
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Aug 19: Deribit to launch USDC-settled linear options for BTC & ETH
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Aug 20: Fed Governor Waller to speak at Wyoming Blockchain Conference; Brazil to hold hearing on Bitcoin strategic reserves; ZRO unlock (8.53%, ~$566M); KAITO unlock (10.87%, ~$262M); ZK unlock (8.53%, ~$566M)
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Aug 21: FOMC meeting minutes release; Atlanta Fed President Bostic (2027 voter) to speak on economic outlook
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Aug 22: Fed Chair Powell to deliver speech at Jackson Hole
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
