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CoinCatch Market Daily Report (August 8, 2025)
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2025-08-08 | 10m
On August 7, the crypto market extended its rebound, with BTC maintaining a short-term uptrend and ETH leading major tokens by breaking above 3,900 USDT on strong volume. Aave Consolidates at $265 as Net Deposits Surpass $60 Billion. U.S. President Trump signed a crypto-friendly banking order and appointed Miran as a Federal Reserve governor. Meanwhile, Hong Kong launched a Real-World Asset (RWA) registration platform on August 7, 2025. The SEC and Ripple ended their legal dispute, finalizing the ruling that XRP is not a security in secondary markets.
Crypto Market Overview
BTC
(+1.85% | Current Price: 116,973.35 USDT): Bitcoin has sustained its upward trajectory following a rebound from the $114,000 range, establishing a clear uptrend while maintaining positions above the 5-day and 10-day moving averages (MA 5 and MA 10). Although the MACD indicator signals a slight softening in bullish momentum, no bearish crossover has occurred thus far. If BTC holds above 116,000 support, it may retest the previous high near 117,600. However, with rising volume and fading momentum, a drop below 115,500 could trigger a short-term correction. On August 7, BTC ETFs saw a net inflow of $277 million, with $155.6 million flowing into BlackRock’s IBIT and $43.4 million into Fidelity’s FBTC.
ETH
(+5.76% | Current Price: 3,919.64 USDT): Ethereum is outpacing Bitcoin in performance, with its MACD indicator maintaining a robust bullish crossover. Meanwhile, the short-term moving averages have formed a bullish alignment, further reinforcing the positive momentum. Trading volume keeps climbing, which serves as a clear sign of strong buying support in the market. A breakout above the recent high near 3,940 could open up further upside potential. Key support lies between 3,800 and 3,750; as long as it holds, the outlook remains bullish. On August 7, ETH ETFs recorded a net daily inflow of $222.3 million, including $103.5 million into BlackRock’s ETHA and $31.8 million into Fidelity’s FETH.
Altcoins: The broader market rebounded, with most major altcoins posting gains. The Fear & Greed Index rose to 59, reflecting growing optimism, though short-term structural rotation may continue.
Macro Data: On August 7, the S&P 500 fell 0.08% to 6,340.00, the Dow Jones declined 0.51% to 43,968.64, while the Nasdaq gained 0.35% to 21,242.70. As of 02:15 AM (UTC), spot gold was trading at $3,383 per ounce, down 0.37% in 24 hours.
Trending Tokens
TREE Treehouse (+18.07%, Circulating Market Cap: $69.76 Million)
TREE is trading at $0.4470, up approximately 18.07% in the past 24 hours.
Treehouse is a decentralized finance protocol focused on building the fixed income layer for digital assets. The platform introduces two main innovations: Treehouse Assets (tAssets) and Decentralized Offered Rates (DOR), both designed to unify and standardize yields across DeFi and support the creation of robust on-chain fixed income products. TREE’s surge combines a strategic Bithumb listing, technical rebound dynamics, and favorable altcoin market conditions: Bithumb, South Korea’s second-largest exchange, listed TREE/KRW on 8 August 2025, enabling direct trading against the Korean Won. This followed recent listings on Coinbase (29 July) and Binance (29 July). The CMC Altcoin Season Index rose 72.73% over 30 days, with Bitcoin dominance dipping to 59.99% (from 64.26% a month ago).
LINK Chainlink (+14.76%, Circulating Market Cap: $13.07 Billion)
LINK is currently priced at $19.27, up 14.76% in the past 24 hours. Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
LINK’s rally reflects whale confidence, reduced supply via the Reserve, and growing real-world adoption. While technicals hint at near-term consolidation, sustained institutional demand could drive further gains: Chainlink introduced an on-chain LINK reserve on August 7, converting off-chain enterprise revenue (e.g., partnerships with Mastercard, JPMorgan) and on-chain fees into LINK tokens (CryptoTimes). The reserve holds $1M+ LINK initially, with no withdrawals planned for years; Chainlink introduced an on-chain LINK reserve on August 7, converting off-chain enterprise revenue (e.g., partnerships with Mastercard, JPMorgan) and on-chain fees into LINK tokens (CryptoTimes). The reserve holds $1M+ LINK initially.
SANTOS Santos FC Fan Token (+14.04%, Circulating Market Cap: $33.19M)
SANTOS is trading at $2.47, with a 24-hour increase of approximately 34.2%. Santos FC Fan Token (SANTOS) is a fan token of the eponymous football team that was launched by a partnership between Santos FC and Binance Launchpool. Santos FC, aka Santos Futebol Clube, is a Brazilian sports club in the state of São Paulo, based in Vila Belmiro. Santos FC’s 10 July match updates and 6 August contract renewal announcements sparked a 68% increase in fan-focused social posts, correlating with token-buying activity. The rally reflects a mix of technical momentum, derivatives accessibility, and event-driven retail speculation. While bullish signals dominate, SANTOS’s -3.79% 90d return highlights its sensitivity to fleeting narratives rather than fundamentals.
Market Insights
Aave Consolidates at $265 as Net Deposits Surpass $60 Billion
Aave’s native token has stabilized near $265 after a period of sharp retracement. The asset recorded a 3% daily gain, although it remains down by 6% over the past 30 days. This price consolidation aligns with a notable rise in net deposits on the platform, now exceeding $60 billion.
Net deposits represent the gap between assets supplied and borrowed. The latest data confirms that lending activity on Aave significantly outweighs borrowing. This development marks Aave as the first decentralized finance protocol to cross the $60 billion threshold in net deposits, according to a company update posted on August 6.
Trump Appoints Crypto-friendly Economist Stephen Miran To Federal Reserve Board
President Donald Trump has selected economist Stephen Miran for a seat on the Federal Reserve Board of Governors. Miran, known for his crypto-friendly stance, is currently the chair of the Council of Economic Advisers. His appointment will fill a recently vacated position on the board, previously held by Adriana Kugler, who resigned to return to Georgetown University.
Trump announced the nomination on Truth Social, praising Miran’s expertise. “He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled,” Trump said in the post. Miran will serve on the Federal Reserve Board until January 31, 2026.
SEC and Ripple End Legal Battle, XRP Ruling Finalized
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have agreed to jointly withdraw their appeals in the Second Circuit Court, officially concluding one of the crypto industry’s most high-profile legal battles. The withdrawal finalizes Judge Analisa Torres’s 2023 ruling, which held that XRP’s secondary market sales do not constitute securities transactions, although large institutional sales by Ripple were deemed unregistered securities offerings. Ripple will pay a $125 million fine and accept a permanent injunction barring future violations. Both parties will cover their own legal costs, indicating a mutual desire to close the case.
The ruling holds major implications for the crypto industry. It provides regulatory clarity by affirming that certain tokens—like XRP—may not be securities when traded in secondary markets, while reinforcing enforcement boundaries on institutional sales. Ripple’s decision to withdraw its appeal signals a strategic shift toward resolving regulatory uncertainty and focusing on global expansion. As the first U.S. case to definitively address whether tokens are securities, this precedent is expected to influence future regulatory frameworks and litigation, and has reignited calls for comprehensive crypto legislation in the United States.
Hong Kong Launches RWA Platform to Tokenize Real Assets with Three Web3 Standards
Hong Kong launched a Real-World Asset (RWA) registration platform on August 7, 2025, marking a pivotal step in the integration of traditional finance with blockchain technology. Spearheaded by the Hong Kong Web3.0 Standardization Association, the platform is designed to facilitate the tokenization of real-world assets such as real estate and commodities, enabling more efficient, transparent, and secure financial transactions. The initiative supports cross-border payments and aims to foster trust and standardization in the digital asset space.
Alongside the platform’s launch, three foundational Web3 standards were introduced to guide the tokenization process and stablecoin-based transactions. These include the “RWA Tokenization Business Guide,” the “RWA Tokenization Technical Specifications,” and a third standard focused on enhancing the technical infrastructure for tokenization. These standards are expected to establish a consistent and secure framework for asset tokenization, reducing risks and promoting broader adoption.
References:
CoinMarketCap. (n.d.). CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a). Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b). Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a). USA Indices.
https://investing.com/indices/usa-indices
Investing.com. (n.d.-b). XAU/USD.
https://investing.com/currencies/xau-usd
AI Invest. (2025, August 25). Hong Kong launches the RWA platform to tokenize real assets under Web3 standards.
https://www.ainvest.com/news/hong-kong-launches-rwa-platform-tokenize-real-assets-web3-standards-2508/
The Block. (n.d.). SEC, Ripple to end legal battle as both parties abandon appeals, leaving XRP ruling intact.
https://www.theblock.co/post/366096/sec-ripple-to-end-legal-battle-as-both-parties-abandon-appeals-leaving-xrp-ruling-intact
CoinCentral. (n.d.). Trump appoints crypto-friendly economist Stephen Miran to the Federal Reserve Board.
https://coincentral.com/trump-appoints-crypto-friendly-economist-stephen-miran-to-federal-reserve-board/
CoinMarketCap. (n.d.). Community article.
https://coinmarketcap.com/community/articles/68955b3ba023ec4608e1db17/
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.
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