DAILY MARKET OVERVIEW
Market Choppiness Continues
👋 Hey, Crypto Enthusiasts! After last week’s brutal sell-offs, things seem to be calming down... at least for now.
📉 Stocks and crypto had a small bounce today, but most of it looks like speculative futures action rather than strong spot demand. And it's already starting to fade. Order books are thin, and with so little buying interest, any sell pressure could send us back down quickly.
💸 BTC ETFs have now seen four straight days of outflows, while ETH finally saw a small inflow yesterday. It's not exactly bullish momentum - more like a pause.
The Fear & Greed Index just flipped to Neutral - a good reflection of the current “meh” vibe across the market.
Where Do We Go From Here ❓️
Historically, August and September are slow months for crypto. Low volume, choppy price action, and not much follow-through.
Or as some traders call it, “grass-touching season” 🌱
Many traders take time off during this period - and it shows.
🔍 On the technical side:
As long as BTC holds above the $110K - $111K range, there’s no immediate danger. But don’t expect fireworks either. This kind of sideways action can be rough on altcoins, which tend to slowly bleed out in low-liquidity environments.
📊 Bitcoin Dominance is something to watch closely right now. If it keeps rising, altcoins could continue to struggle - especially the smaller caps.
This isn’t the time to overtrade. The best move right now? Stay sharp, stay patient, and wait for real strength to show up.
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SOCIAL SENTIMENT
🎯 On the Radar
With the current chop, we’re staying mostly in observation mode. But there are a few projects catching attention.
Here’s what we’re watching:
🧪 PROVE
A brand-new network built on Ethereum using zkSync tech. Token launched yesterday and already did a clean 2x. Hype might cool off now, but the underlying tech is unique - definitely one to keep an eye on.
⚙️ Definitive (EDGE)
A decentralized exchange on Base, backed by Coinbase.
It’s gasless, super fast, and offers features like stop losses and price targets - things you rarely see on typical DEXs. The team previously worked on Coinbase Pro’s order execution, and there’s speculation that
Definitive could become the trading layer for Coinbase’s official DEX integration soon. 👀
💥 ADM
High risk, high speculation. Launched on Base by the founder of Sentora (a DeFi infrastructure firm with $25M+ investment from XRP and others). Use case for the token is still unknown - but that hasn’t stopped people from piling in. Pure speculation play for now, but the attention is real.
👇 Final Thoughts
This is a “sit tight and observe” kind of market.
Things can turn quickly in either direction, and the best traders know when not to play.
We’re keeping capital safe, tracking the strong setups, and waiting for the next big window of opportunity.
Stay patient. Stay focused.
NEWS OVERVIEW
The Latest Crypto Headlines 📰
Michigan State Pension Triples Bitcoin ETF Investment
Michigan’s state pension fund now holds 300,000 shares of the ARK Bitcoin ETF, signaling growing trust in Bitcoin among large institutions.
Philippines Blocks Major Crypto Platforms
The Philippine SEC has restricted access to ten offshore crypto exchanges, pushing users toward licensed local platforms amid a growing regulatory crackdown.
CZ Seeks to Dismiss $1.8B FTX Lawsuit
Binance founder Changpeng Zhao says a U.S. court can’t judge him in a lawsuit tied to FTX’s 2021 asset transfers, calling the case legally flawed.
SEC Says Liquid Staking Isn’t a Security
The SEC now says some liquid staking activities aren’t securities, a move that could help get Ethereum ETFs with staking features approved.
YOUTUBE INFLUENCER SUMMARY
Summary From The Top Influencers 📷️
Bankless – The World’s Largest ETH Holder (06.08.2025 Summary)
Tom Lee, legendary Wall Street investor and chairman of Bitmine, is making a huge bet on Ethereum. On the Bankless podcast, he said ETH could potentially 100x over the next decade and even flip Bitcoin in total value.
Why Ethereum?
Lee sees Ethereum as the backbone of the next financial system. Wall Street, in his view, is starting to realize that ETH powers tokenization, stablecoins, and real-world financial infrastructure. He believes this shift mirrors Bitcoin’s breakout moment in 2017.
What is Bitmine doing?
Bitmine currently holds over 833,000 ETH
The goal is to reach 5% of total ETH supply
They're moving 12x faster than MicroStrategy did with Bitcoin
Bitmine is fully compliant, US-based, and highly liquid (trading $1.6B daily)
Why ETH Treasuries Matter
ETH treasuries generate yield through staking, making them real businesses, not just holders of assets. Lee believes these companies will be key infrastructure as Wall Street builds on Ethereum.
Short-Term Price Target
$4,000 to $7,000 by year-end
Long-term: ETH could see massive upside, similar or greater than Bitcoin’s run since 2017
Lee says: “Ethereum is having its 2017 Bitcoin moment.”
Benjamin Cowen – Why Does This Crypto Cycle Feel Different? (06.08.2025 Summary)
Benjamin Cowen explains why this crypto cycle doesn’t feel like the last one - and says it’s because it really is different.
Key Insight:
The Advanced-Decline Index (ADI), which tracks how many top 100 coins are rising vs falling, has been trending down since 2021 - even while total market cap rises. This shows the market is being carried by just a few assets - mostly Bitcoin, and at times Ethereum.
Not Like 2020-2021:
Back then, low interest rates and money printing pushed everything up
Altcoins pumped together, creating a classic alt season
This time, most altcoins are bleeding back into Bitcoin
The Rotation Trap:
Each year, different altcoins outperform briefly (Solana, XRP, etc.), but few hold those gains. Cowen calls this "altcoin rotation" - short bursts of outperformance with no long-term strength.
Takeaway:
This cycle is favoring disciplined, Bitcoin-heavy strategies. Altcoins haven't delivered durable results. Cowen’s advice: focus on preserving what you have instead of chasing risky trades.
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The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.