Coincatch App
Trade smarter
Crypto MarketHot Topics
CoinCatch Weekly Market Review & Outlook (August 1–7)
Beginner
2025-08-07 | 15m
This week, altcoins experienced a gradual decline, with the average decrease among the Top 100 cryptocurrencies hitting 6.07%. PancakeSwap introduced perpetual contracts for U.S. stocks. Ethereum dApps have amassed nearly $26.8 billion in total revenue, with daily transactions approaching record levels. Nasdaq-listed healthcare group Cosmos Health announced Wednesday that it has secured up to $300 million in a financing facility to support its launch of an Ethereum treasury strategy. Since the launch of Ethereum’s mainnet, decentralized applications (dApps) on the network have collectively generated approximately $26.8 billion in user-paid fees. Over the past 24 hours, Pump.fun launched 13,690 new tokens, narrowly surpassing LetsBonk’s 13,392, signaling growing momentum in attracting new projects and increasing platform activity.
Market Overview
BTC — Bitcoin declined 3.35% this week, outperforming altcoins. After dropping from around $117,833 to a low of $112,555, BTC saw a slight rebound to approximately $114,850. Market sentiment has been affected by macroeconomic uncertainties and the movement of ETF capital. In the short term, BTC might remain in a consolidation phase within the $113,000–$116,000 range. A breakout above $116,230 could pave the way for a surge towards $120,000.
ETH — ETH fell 4.2% this week, dropping from around $3,697 to $3,393 before rebounding to $3,704 on August 7. The MACD (12,26) is currently at +15.48, suggesting a positive short-term momentum relative to the long-term trend. The RSI (14) stands at 68.32, which is within neutral territory, indicating a stable market sentiment free from overbought or oversold conditions.
Altcoins — Altcoins showed a slow, steady decline this week, with the median drop among the top 100 cryptocurrencies reaching 6.07%. Over the past seven days, MemeCore led gains with a 61.08% increase, while Pi saw the largest loss, falling over 18%.
ETFs & Derivatives — ETFs saw net outflows exceeding $100 million for both BTC and ETH multiple times this week, reflecting growing institutional caution amid current market conditions. In the derivatives market, $22.29 million and $59.95 million worth of BTC and ETH positions, respectively, were liquidated in the past 24 hours.
Macro Data — On August 5, the U.S. S&P Global Services PMI final reading for July came in at 55.7, beating expectations of 55.2 and up from June’s 52.9. This marked the fastest expansion since early 2025, indicating continued resilience in the U.S. services sector despite inflationary pressures and global trade tensions. Business activity, new orders, and employment all showed improvement.
Stablecoins — The total market cap of stablecoins rose to $279.1 billion, suggesting a notable inflow of off-exchange capital.
Gas Fees — Ethereum network gas fees decreased. As of August 7, the average gas price was 0.28 Gwei.
Top Categories
This week, the cryptocurrency market experienced a volatile downtrend, with a notable decline in investor optimism. Several altcoin sectors trended downward. According to Coingecko data, only a few categories—Launchpad, Derivatives, and Payment Solution—saw gained over the past 7 days, rising by 11.7%, 10.5%, and 4.4% respectively.
Launchpad
Crypto launchpads are decentralized platforms designed to help early-stage crypto projects raise capital and gain visibility. They primarily connect projects with investors who receive early access to tokens at discounted rates. Launchpads support new crypto projects by facilitating token presales and providing liquidity. These platforms also assist in community building, marketing, and compliance, bolstering the chance of success of new projects. Over the past 7 days, the Launchpad sector rose 11.2%, with Omni Launch and Pump.fun gaining 18.5% and 15.4%.
Derivatives
Derivatives are financial instruments whose value is derived from an underlying asset (e.g. Crude Oil, Gold, Bitcoin etc). Compared to spot markets where the underlying asset changes ownership, in derivatives markets, traders trade contracts rather than the actual assets. The derivatives sector grew 10.4% in the last 7 days, with its market cap going up 9.4%.
LP Tokens
Crypto LP (Liquidity Provider) Tokens are a fundamental part of the decentralized finance (DeFi) ecosystem. They play a crucial role in enabling seamless trading, lending, borrowing, and other financial activities within the crypto space. LP Tokens act as a form of receipt. They denote the liquidity provider's ownership stake in the pool. Over the past 7 days, the sector rose 4.2%, with SCURVE increasing 6.8%.
Weekly Market Focus
The New Reciprocal Tariffs on Key Manufacturing Hubs for Mining Rig Production Takes Effective on August 7
U.S. tariffs on China, another key hub, remain unchanged for now, as announced on July 29, the document confirms. A 10% baseline reciprocal tariff is in place through Aug. 12, plus an additional China‑specific premium of 20%, meaning that mining machine import tariffs on China currently stand at 57.6% in total — though that's still lower than the 145% rate floated at one point. The U.S. and China have agreed in principle to extend the tariff pause for a further 90 days, but that is still pending final approval. While the rates have been reduced from earlier proposals, before Trump's second term, ASIC mining machines imported from Malaysia, Thailand, and Indonesia faced a standard U.S. import duty of around 2.6%. ASICs imported from China also fell under that 2.6% duty, but were subject to an additional 25% ad valorem rate of duty under Section 301 trade measures.
Luxor is a bitcoin mining technology and services company that operates mining pools, offers ASIC brokerage, custom firmware, and hashrate derivatives. Although the U.S. is its largest market, Luxor services mining companies in 32 countries. The firm's COO said the tariffs are already reducing demand from U.S. clients and shifting machine flows to countries with more favorable import regimes, such as Canada.
PancakeSwap Launches U.S. Stock Perpetual Contracts
PancakeSwap has announced the launch of perpetual contracts for U.S. equities, starting with AMZN and TSLA, offering up to 25x leverage via its non-custodial Perpetuals platform. By introducing leveraged equity derivatives, PancakeSwap enhances its product appeal for crypto users seeking diversified exposure. This innovation may also attract traditional investors into the DeFi space, further blending decentralized and traditional finance.
Nasdaq-listed Cosmos Health Enters $300 Million Facility for Ethereum Treasury Strategy
Nasdaq-listed healthcare group Cosmos Health announced Wednesday that it has secured up to $300 million in a financing facility to support its launch of an Ethereum treasury strategy.
The company secured funding through a securities purchase agreement with an unnamed U.S. institutional investor. This agreement involves the issuance of senior secured convertible promissory notes. Cosmos detailed that the ether treasury is expected to complement the company's digital transformation and e-commerce efforts, and support its exploration of blockchain use cases in supply chain traceability, wellness incentive programs, and global consumer engagement. Under the terms of the agreement, Cosmos Health must use at least 72.5% of the net proceeds from each funding round to build its digital asset treasury reserve. The rest will go toward working capital and growth initiatives, according to the release. The accumulated ETH will be custodied and staked through BitGo's institutional infrastructure, while Cosmos itself will explore additional strategies to generate yield and maximize the utility of its ETH holdings, with the goal of optimizing cash flow.
Vitalik: Ethereum Will Eventually Achieve Almost Real-time Native Asset Transfers Across L2 Via L1
Ethereum founder Vitalik Buterin posted on the X platform that he was surprised to see so many mainstream Layer 2 platforms reach Stage 1. The next goal is to achieve fast withdrawal times (less than an hour) through a validity (also known as zero-knowledge proof) system, which is more important than reaching Stage 2. Fast withdrawal times are crucial and will reduce the cost of capital for liquidity providers. If native withdrawal times can be reduced to less than an hour in the short term and to 12 seconds in the medium term, it will further consolidate Ethereum Layer 1's position as the default platform for issuing assets and the economic center of the Ethereum ecosystem.
To achieve this, we must move away from optimistic proof systems, which inherently require days-long waits for withdrawals. Historically, zero-knowledge proof technology has been immature and expensive, making optimistic proofs a sensible and secure choice. However, this is rapidly changing, with the 2-of-3 ZK + OP + TEE proof system strategy striking a balance between security, speed, and maturity. In the long term, Ethereum will ultimately enable near-instantaneous transfers of native assets across L2 via L1.
Key Market Data Highlights
Ethereum dApps Generate Nearly $26.8 Billion in Revenue, Daily Transactions Near Record High
According to Token Terminal, since the launch of Ethereum’s mainnet, decentralized applications (dApps) on the network have collectively generated approximately $26.8 billion in user-paid fees. This figure is twice the market cap of the trending token HYPE, underscoring Ethereum’s unparalleled value capture in the Web3 application ecosystem.
On-chain activity is also surging. Etherscan data shows that on August 6, 2025, the number of daily transactions on Ethereum climbed to 1.87 million, approaching the all-time high of 1.96 million set on January 14, 2024. This spike is largely driven by the growing transaction volumes of USDC, Tether, and Uniswap.
Regulatory developments may be a key catalyst. The recently passed and signed GENIUS Act in the U.S. provides a clear legal framework for the compliant operation of stablecoins, boosting market confidence and contributing to increased activity in stablecoin-related transactions.
Spot Bitcoin ETFs Return to Net Inflows with $91.5 Million After Four-day Outflow Streak
U.S. spot bitcoin exchange-traded funds returned to net inflows on Wednesday after experiencing four days of outflows. According to data from SoSoValue, the bitcoin ETFs had a total of $91.5 million in daily net inflows yesterday. BlackRock's IBIT led net inflows with $42 million, followed by $26.35 million into Bitwise's BITB. Grayscale's GBTC reported $14.5 million worth of net inflows, while funds from Fidelity and VanEck also saw positive flows for the day. The inflows were countered by net outflows of $5.37 million from Ark & 21Shares' ARKB. This comes after the ETFs saw $1.45 billion worth of net outflows during the previous four trading days.
Pump.fun Launches 13,690 New Tokens in 24 Hours, Surpasses LetsBonk but Slightly Trails in Volume
According to Dune Analytics, the competition between Pump.fun and LetsBonk, two major memecoin launch platforms in the Solana ecosystem, remains intense. Over the past 24 hours, Pump.fun launched 13,690 new tokens, narrowly surpassing LetsBonk’s 13,392, signaling growing momentum in attracting new projects and increasing platform activity.
However, in terms of trading volume, Pump.fun still trails slightly, recording $82.4 million, compared to LetsBonk’s $87.7 million. Despite this, PUMP token has seen a 17.8% price increase over the past week, reflecting a modest rebound and positive market sentiment regarding platform growth potential.
Overall, Pump.fun has taken a lead in token issuance, and if it can improve trading depth and user retention, it may soon close the volume gap and further strengthen its position in the on-chain memecoin launch sector.
CoinCatch New Listings
Futures:
USDT-M Futures:
A2ZUSDT
Spot:
Cryptocurrency:
A2Z/USDT (
Fee: Zero-fee Trading)
CoinCatch Weekly Events
New Spot Listing: Trade A2Z/USDT Spot with Zero Fees!
To celebrate the launch of Arena-Z (
A2Z), we're kicking off an exclusive
Zero-Fee event for all traders.
You can trade A2Z anywhere, but only on CoinCatch can you enjoy
ZERO fees! Join us in marking this exciting milestone and step into the new era of CRYPTO. 🚀
Event Period: From August 6, 2025, 03:00:00 to August 13, 2025, 16:00:00 (UTC)
Event Details:
Trading Pairs:
A2Z/USDT
Fee: Zero-fee Trading
Duration: Limited Time During the Event
Summer Getaway: 100% Win! Hit $100 in volume to Win Millions in Vouchers & Travel Kits
📅 Event Time: 2025.8.7(UTC+8) - 2025.8.13(UTC+8)
✨ Limited-Time Offer:
-
100% winning chance!
-
Complete 100 USDT futures trading volume to get 1 mystery box unlock
💎Complete more tasks below to earn up to
20 chances to open mystery boxes! Win your exclusive Gaming Kits and bonuses worth 10,000,000 USDT!
Mission 1: Complete Deposits to Open Mystery Box
-
Net deposit ≥ 500 USDT held for 3+ days → 1 mystery box unlock
-
Net deposit ≥ 5,000 USDT held for 3+ days → +1 mystery box unlock
-
Net deposit ≥ 20,000 USDT held for 3+ days → +1 mystery box unlock
Mission 2: Futures Trading Volume Challenge
-
Futures Trading Volume ≥ 10,000 USDT → 1 mystery box unlock
-
Futures Trading Volume ≥ 50,000 USDT → +1 mystery box unlock
-
Futures Trading Volume ≥ 100,000 USDT → +1 mystery box unlock
-
Futures Trading Volume ≥ 200,000 USDT → +1 mystery box unlock
-
Futures Trading Volume ≥ 500,000 USDT → +1 mystery box unlock
-
Futures Trading Volume ≥ 1,000,000 USDT → +1 mystery box unlock
-
Futures Trading Volume ≥ 5,000,000 USDT → +2 mystery boxes unlock
-
Futures Trading Volume ≥ 10,000,000 USDT → +3 mystery boxes unlock
-
Futures Trading Volume ≥ 50,000,000 USDT → +6 mystery boxes unlock
🎁 Rewards Explained
Prize pool includes:
-
DJI Mini 4 Pro Fly More Combo (RC 2)（Value: $1,100）
-
Global Airbnb Gift Card（Value: $1,000）
-
Samsonite Proxis Large Spinner（Value: $600）
-
GoPro HERO13 Black Ultra Wide Edition（Value: $410）
-
The North Face Base Camp Duffel（Value: $160）
-
Multi-denomination coupons (trading bonus/deduction coupons/position bonus; total value $10,000,000)
Next Week to Watch
Token Unlocks
According to Tokenomist, several major token unlocks are expected in the coming week (Aug 8–14, 2025). The top 3 are:
-
APT: $47.95 million worth of unlocked tokens, accounting for 1.7% of total locked supply.
-
LAYER: $16.21 million worth unlocking, or 12.9% of total locked supply.
References:
CoinGecko. (2025).
Cryptocurrency categories and market data.
https://www.coingecko.com/en/categories
CoinGlass. (2025).
Liquidation data and market analytics.
https://www.coinglass.com/LiquidationData
CoinMarketCap. (2025).
Cryptocurrency prices, charts, and market capitalizations.
https://coinmarketcap.com/
Dune. (2025).
Memecoin wars dashboard.
https://dune.com/adam_tehc/memecoin-wars
Etherscan. (2025).
Ethereum gas tracker.
https://etherscan.io/gastracker
Farside Investors. (2025).
Bitcoin and Ethereum ETF flow tracker.
https://farside.co.uk/btc/
RootData. (2025).
Crypto fundraising and venture capital database.
https://www.rootdata.com/Fundraising
Tokenomist. (2025).
Token vesting and unlock analytics.
https://tokenomist.ai/
Corpay, Inc. (2025, August 4).
Corpay and Circle collaborate to bring stablecoin payments to global businesses [Press release].
https://investor.corpay.com/news-releases/news-release-details/corpay-and-circle-collaborate-bring-stablecoin-payments-global
GlobeNewswire. (2025, August 6).
Cosmos Health secures up to $300 million financing facility to launch Ethereum treasury strategy [Press release].
https://www.globenewswire.com/news-release/2025/08/06/3128410/0/en/Cosmos-Health-Secures-up-to-300-Million-Financing-Facility-to-Launch-Ethereum-Treasury-Strategy.html
S&P Global. (2025, August 5).
US services PMI July 2025 final reading.
https://www.pmi.spglobal.com/Public/Home/PressRelease/3b4c09ac68ec4b03a5fcd98f1e0f3b98
The Block. (2025, August 7).
Spot Bitcoin ETFs return to net inflows.
https://www.theblock.co/post/365902/spot-bitcoin-etfs-return-to-net-inflows
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
Share
