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CoinCatch Market Daily Report (August 11, 2025)

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2025-08-11 | 10m

On August 11, the crypto market extended its rebound, with BTC experienced a uptrend and ETH breaking above 4,200 USDT on strong volume. Over the past 48 hours, ETH has surged past the psychologically important $4,000 barrier, reaching a high of $4,200 and currently trading at $4,194, a 45-month high since December 2021. Meanwhile, Ethereum is the new global asset that leapfrogged over Mastercard. The transition occurred August 9, 2025. The market cap of Ethereum surpassed more than 514.5 billion USD. Rollup infrastructure provider Constellation Labs (Caldera) today announced a strategic partnership with EigenCloud to integrate EigenDA V 2 into its Rollup engine.

Crypto Market Overview

BTC (+3.06% | Current Price: 121,758.35 USDT): Bitcoin broke above $120K, testing the 23.6% Fibonacci retracement ($120,460) from its July swing high of $123,091. The MACD histogram turned positive (+2.25), signaling bullish momentum. RSI (60.76) avoids overbought territory, leaving room for upside. A close above $122,056 (daily pivot) could target $125K. On August 8, BTC ETFs saw a net inflow of $403.9 million, with $360.0 million flowing into BlackRock’s IBIT and $30.5 million into Fidelity’s FBTC.

ETH (+1.76% | Current Price: 4281.16 USDT): ETH closed above $4,330 – its highest since December 2021 – with bullish signals: MACD histogram expanding at +29.2; RSI-7 at 77.92 (overbought but signaling momentum); Immediate resistance at $4,600 (TA data). Technical traders see $4,330 as a springboard toward $5,000, a psychological target reinforced by Matrixport’s $4,892 forecast. On August 8, ETH ETFs recorded a net daily inflow of $461.0 million, including $254.7 million into BlackRock’s ETHA and $132.3 million into Fidelity’s FETH.

Altcoins: The broader market rebounded, with most major altcoins posting gains. The Fear & Greed Index rose to 62, reflecting growing optimism.

Macro Data: On August 8, the S&P 500 rose to 0.78% to 6,395.16, the Dow Jones increased 0.47% to 44,272.75, while the Nasdaq gained 0.91% to 23,619.24. As of 8:55 AM (UTC), spot gold was trading at $3,362 per ounce, down 1.12% in 24 hours.

Trending Tokens

ZRO LayerZero (+27.87%, Circulating Market Cap: $430.67M)

ZRO is trading at $2.47, with a 24-hour increase of approximately 27.87%. LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner. LayerZero Foundation proposed a $110M all-token deal to acquire cross-chain bridge protocol Stargate (STG), offering a swap ratio of 1 STG = 0.08634 ZRO, retiring STG tokens (1.2B market cap) could reduce sell pressure while increasing ZRO’s utility as the merged ecosystem’s primary token. Future Stargate earnings could fund ZRO buybacks, per LayerZero CEO Bryan Pellegrino’s announcement. In spite of this, ZRO rallied 23% post-announcement despite STG holders criticizing the swap ratio, suggesting market optimism about long-term synergies. Stargate DAO’s vote (7-day comment period ending Aug 18) – approval requires 70% support.

STG Stargate Finance (+19.98%, Circulating Market Cap: $130.17 Million)

STG is trading at $0.1969, up approximately 19.98% in the past 24 hours. Stargate Finance (STG) is an omnichain-native asset bridge designed to solve the blockchain trilemma, which says that no blockchain can be decentralized, secure, and fast simultaneously. It does this by simplifying cross-chain DeFi transactions, which lets users transfer and swap their assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly. LayerZero Foundation proposed acquiring Stargate for $110M in ZRO tokens (1 STG = 0.08634 ZRO) on August 11. The deal would dissolve Stargate’s DAO and redirect future revenue to ZRO buybacks. Short-term arbitrage opportunities emerged as STG traded at a 17% premium to the proposed swap value ($0.196 vs. $0.1675). Speculative buying intensified despite community concerns about losing STG’s revenue-sharing model.

CRO Cronos (+8.7%, Circulating Market Cap: $48.42 Million)

CRO is currently priced at $0.1714, up 8.7% in the past 24 hours. Cronos (CRO) is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by Crypto.com payment, trading and financial services company. Cronos Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app. CRO’s inclusion in Trump Media’s proposed “Crypto Blue Chip ETF” (5% allocation) and ongoing filings by Crypto.com partners like Canary Capital fueled speculation about institutional demand. The SEC’s recent shift toward crypto-friendly policies added credibility to these rumors. ETF approvals could funnel passive capital into CRO, similar to Bitcoin’s 2024 ETF-driven rally. Crypto.com’s role as custodian for multiple ETF proposals strengthens CRO’s utility narrative.

Market Insights

A Single-day Bloodbath Wiped out $200 Million in Short Positions, with ETH Breaking Through $4,200 to Hit a 45-Month High

Over the past 48 hours, ETH has surged past the psychologically important $4,000 barrier, reaching a high of $4,200 and currently trading at $4,194, a 45-month high since December 2021. Since hitting a low of $1,385 on April 9th, ETH has seen a cumulative increase of over 300%, with a 65% increase in July alone – significantly outperforming most altcoins and becoming a prime target for capital siphoning.

In contrast, Bitcoin has performed relatively weakly, currently fluctuating between $112,000 and $119,000, and currently trading at $117,200. Solana has also performed well in the past two days, rebounding from its August 3 low of $155.8 to around $180. The altcoin sector has been fully activated, with frequent positive news from projects boosting market sentiment and signaling a brewing "altcoin season."

In terms of liquidation data, the total amount of liquidation in the past 24 hours was US$362 million; of which long positions were liquidated for US$78.14 million and short positions were liquidated for US$286 million. ETH alone contributed US$203 million in liquidation. The largest single liquidation occurred in OKX ETH-USDT-SWAP, with an amount of US$10.6284 million.

Ethereum Surpasses Mastercard With 22nd Global Rank

Ethereum is the new global asset that leapfrogged over Mastercard. The transition occurred August 9, 2025. The market cap of Ethereum surpassed more than 514.5 billion USD. The value was larger than that of Mastercard at the time. The dip was after a 24-hour trading volume in which it increased to 47 billion. The markets do not have a closing session such as stagnant stocks because they are crypto. This provided Ethereum with an advantage as far as trading on weekends is concerned.

At the same time however, there existed Ethereum of $513.4 billion according to CoinMarketCap around the same time in that day. The rally occurred together with increased price by a factor of 5.4 per day. Ethereum was exchanged against almost 4,253.42 USD. On August 10, prices went to below around $4,3004,400 USD. This had the potential of pushing the cap up to 520 billion. The valuation of Mastercard was not changed because of the closure of the market on the weekend.

Caldera Announces Partnership with EigenCloud to Integrate EigenDA V2

Rollup infrastructure provider Constellation Labs (Caldera) today announced a strategic partnership with EigenCloud to integrate EigenDA V 2 into its Rollup engine. This integration enables 100 MB/s of data throughput, improving Rollup scalability and performance.

This collaboration aims to address a core issue facing Rollups: efficient data availability. Rollups need to publish transaction data to ensure the chain's state is verifiable and remains valid. The traditional approach is to publish data directly to Ethereum's Layer 1, but this approach is costly and has scalability limitations.

By utilizing an independent Data Availability Layer (DA) rather than relying solely on Ethereum Layer 1, Rollup reduces costs while improving performance, expanding its application space and enabling blockchains to scale while maintaining both security and decentralization. Caldera CEO Matthew Katz said, "We are excited to integrate EigenDA V2 into the Caldera Rollup Engine, bringing enhanced scalability to our partner projects. As more businesses, including payments companies, fintech firms, and banks, come online, this ability to scale further is crucial."

Reference:

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

GoldPrice.org. (n.d.). Spot gold price today. Retrieved August 11, 2025, from https://goldprice.org/spot-gold.html

O'Daily News. (2025, August 11). Caldera announces partnership with EigenCloud to integrate EigenDA V2. https://www.odaily.news/en/post/5205583

Coinfomania. (2025, August 10). Ethereum surpasses Mastercard in market cap to claim 22nd global rank. https://coinfomania.com/ethereum-surpasses-mastercard-market-cap-22nd-global-rank/

CryptoPotato. (2025, August 11). Ethereum soars past *$4,300 amid $*200M liquidations and institutional surge. https://cryptopotato.com/ethereum-explodes-to-4-2k-200-million-liquidated-trump-rejoices/

CoinCatch Team

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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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