Key Takeaways
-
Macro Environment: Ahead of Nvidia’s earnings report, U.S. equities fluctuated and closed slightly higher. Post-market, Nvidia reported revenue and profit above expectations, but weaker-than-expected data center revenue and Q3 guidance pushed its stock down over 5% after hours, dragging U.S. indices lower.
-
Crypto Market: The crypto market rebounded ahead of Nvidia’s report, with Bitcoin briefly reclaiming the $112,000 support level. After the earnings release, Bitcoin followed equities lower, ending the day down 0.45%. Altcoin market share remained stable, with price action largely in sync with Bitcoin, showing only mild fluctuations. Overall, Bitcoin’s volatility continues to narrow and sentiment remains calm.
-
Outlook for Today:
-
U.S. Q2 Real GDP (annualized, revised)
-
Bitcoin Asia 2025 kicks off at the Hong Kong Convention & Exhibition Centre, with Eric Trump attending
-
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,481.41 | +0.24% |
| NASDAQ | 21,590.14 | +0.21% |
| BTC | 111,259.30 | -0.45% |
| ETH | 4,507.17 | -2.04% |
Crypto Fear & Greed Index: 48 (down from 51, Neutral zone)
Project Highlights
Trending Tokens: SOL, CRO
-
Multiple companies announced SOL reserves, driving strength in Solana and boosting ecosystem tokens such as RAY, JTO, PUMP, and DRIFT.
-
CRO (+65%): Trump Media & Technology Group announced a $6.42B acquisition of CRO Digital, fueling two consecutive days of strong gains.
-
KAIA (+15%): The Bank of Korea proposed central bank support for stablecoins. KAIA had previously announced plans to issue a KRW stablecoin.
-
PUMP (+4%): Pump.fun repurchased over $58M worth of PUMP, about 4.26% of circulating supply.
-
OM (-2%): MANTRA announced its first $25M OM token buyback.
-
AAVE (-2%): Aave Labs launched Horizon, a new stablecoin lending platform.
Macro Economy
-
Nvidia delivered stronger-than-expected earnings, though its forward guidance appeared muted.
Industry Highlights
-
Japan’s 2026 tax reform proposal: lower crypto tax rates and expand NISA account eligibility.
-
Leaders of Japan’s Democratic Party for the People and Sanseito emphasized the urgency of establishing a strategic Bitcoin reserve.
-
U.S. CFTC to adopt Nasdaq’s surveillance system to enhance crypto oversight.
-
Bank of Korea proposed central bank-backed support for stablecoins.
-
Thailand’s tokenized securities G-Token to be listed on KuCoin.
-
BitMine received 131,736 ETH (~$591M) in the past 12 hours.
-
Metaplanet (Japan) announced a new share issuance to purchase an additional $837M in Bitcoin.
-
Ethereum’s staking exit queue surged to $4.6B, hitting an all-time high.
-
Mastercard and Circle expanded partnership to enable USDC/EURC settlements in EEMEA.
-
Circle and Paxos are testing new crypto issuance verification technology.
-
Circle partnered with Finastra to promote stablecoin adoption for cross-border payments.
-
Hyperliquid optimized pre-market perpetuals mark price calculation to strengthen stability. Funding rates for WLFI and XPL soared to 100% and 800% APR, compared to 11% previously.
-
recovery.
This Week’s Outlook
-
Aug 28: U.S. Q2 GDP (annualized, revised); Bitcoin Asia opens in Hong Kong Convention & Exhibition Centre with Eric Trump attending
-
Aug 29: U.S. July Core PCE
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.
