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CoinCatch Market Daily Report (August 13, 2025)
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2025-08-13 | 10m
On August 13, the price of BTC continued to fluctuate upward, approaching the $120,000 mark during the session; ETH broke through the $4,600 mark, setting a new high in this round of increases. Meanwhile, on the evening of August 11, the decentralized exchange Uniswap Foundation released a proposal on the community governance forum, planning to establish a new legal entity for its governance organization, DUNI. The total active borrowing volume on the decentralized lending protocol Aave recently surpassed $25 billion, setting a new record. The US Bureau of Labor Statistics (BLS) released CPI data on Tuesday, showing inflation in the US rose at an annual rate of 2.7% in July. Delaware's official registration portal added the Grayscale Cardano Trust ETF and the Grayscale Hedera Trust ETF to its list of entities on Tuesday.
Crypto Market Overview
BTC (+0.44% | Current Price: 119,401.51 USDT)
Bitcoin continued its decline below $119,000 today (with an intraday drop of 0.83%-0.97%), reaching a low of $118,203 (as of 13:52 Beijing Time), primarily due to profit-taking and cautious macroeconomic sentiment. The price has effectively fallen below the 50% Fibonacci retracement level at $117,517 and is approaching the 61.8% Fibonacci retracement level at $116,202. A bullish close above $119,737 (the pivot point) is needed to re-open the potential for a move to $123,218-137,000. A break below $116,202 (the 61.8% Fibonacci level) would target the $111,795-105,605 support zone. On August 12, BTC ETFs saw a net inflow of $65.9 million, with $111.4 million flowing into BlackRock’s IBIT.
ETH (+7.71% | Current Price: 4626.86 USDT)
Ethereum’s rally combines technical breakout dynamics (post-Pectra upgrade), derivatives market mechanics, and accelerating institutional adoption. While RSI 77 suggests overheated conditions, the alignment of whale accumulation (+138K ETH last week), ETF flows, and bullish options positioning implies momentum may persist. ETH’s ability to hold $4,500 support – a close above could trigger chase flows toward its $4,878 ATH. On August 12, ETH ETFs recorded a net daily inflow of $523.9 million, including $318.7 million into BlackRock’s ETHA and $144.9 million into Fidelity’s FETH.
Altcoins
Most major altcoins are trending upward, with market sentiment primarily neutral or buy. The Fear and Greed Index is at 63 today, remaining within the greed zone, reflecting buoyant investor sentiment. While the current market sentiment is trending positive, caution is advised regarding the potential for short-term volatility and pullbacks caused by overheated sentiment.
Macro Data
On August 12, the S&P 500 gained 1.13% to 6,446.55, the Dow Jones gained 1.10% to 44,497.59, while the Nasdaq gained 1.13% to 21689.68. As of 7:10 AM (UTC), spot gold was trading at $3,356.43 per ounce, up 0.2% in 24 hours.
Trending Tokens
CYBER Cyber (+50.14%, Circulating Market Cap: $129.08 Million)
CYBER is currently priced at $2.82, up 50.14% in the past 24 hours. Cyber, the L2 for social, enables developers to create apps that transform how people connect, create, monetize, and share the value they generate. CyberConnect emerges as a pioneering force within the decentralized social networking sphere, leveraging the robust foundation of blockchain technology to redefine digital interactions. At its core, CyberConnect operates on the CyberConnect Social Graph Protocol, a decentralized framework designed to foster a new era of social connectivity on the web. CYBER/KRW and CYBER/USDT trading pairs launched on Upbit (August 12, 2025) unlocked access to South Korea’s retail market, which historically drives volatile “Kimchi premium” rallies, which immediate demand surged as Upbit’s 8M+ users gained exposure, with CYBER’s price spiking from $1.88 to $5.33 intraday. Enlightify Inc. (NYSE: ENFY) announced a $20M CYBER accumulation plan on July 17, but the Upbit listing revived attention to this commitment. First public company to allocate treasury funds to CYBER, validating its Web3 social/AI infrastructure thesis.
SKL Skale (+34.5%, Circulating Market Cap: $164.28M)
SKL is trading at $0.02766, with a 24-hour increase of approximately 34.5%. SKALE is a blockchain network designed to power decentralized applications (dApps) with zero gas fees, high performance, and limitless scalability. SKALE operates as a network of EVM compatible, interconnected Layer 1 blockchains, referred to as SKALE Chains.
SKALE
migrated its testnet to Ethereum’s Hoodi on July 25, automating chain migrations and laying groundwork for transitioning SKALE Manager to FAIR Blockchain – a MEV-resistant L1 launched in June, which reduces developer friction (zero downtime during migrations) and positions SKALE for deeper integration with FAIR’s encrypted transaction capabilities. Validators may anticipate increased network utility as FAIR adoption grows.
SKL broke above its 30-day SMA ($0.0219) and Fibonacci 23.6% retracement ($0.0251), with RSI14 at 57.43 (neutral-bullish). The move suggests short-term momentum, but resistance looms at the 38.2% Fib level ($0.0238). Traders should watch for sustained closes above $0.027 (August 12 high) or profit-taking if RSI14 approaches overbought (70+).
BOME BOOK OF MEME (+15.15%, Circulating Market Cap: $145.22 Million)
BOME is trading at $0.002107, up approximately 15.15% in the past 24 hours. BOOK OF MEME: an experimental project poised to redefine web3 culture by amalgamating memes, decentralized storage solutions, and degen shitcoin trading and gambling. This experiment endeavors to encapsulate the ever-evolving meme culture within a digital compendium, the BOOK OF MEME, ensuring each piece is immortalized on the blockchain. The $BOME memecoin on Solana, and Arweave, IPFS as the primary storage of Book Of Meme and future expansions to Bitcoin inscriptions as immutable forever storage. This initiative aims to foster a new dimension of decentralized social media, and make memes unstoppable. BOME’s rally combines technical triggers, meme coin speculation, and liquidity-driven momentum. While bullish signals dominate, the token remains sensitive to broader market sentiment shifts.
Market Insights
Aave's Lending Volume Exceeds $25 billion, Setting a New Record High
The total active borrowing volume on the decentralized lending protocol Aave recently surpassed $25 billion, setting a new record. This demonstrates the rapid growth of DeFi lending demand amid the recent market recovery. Earlier this year, Aave's borrowing volume dipped to around $10 billion. However, with rising prices for ETH and major crypto assets, increased market volatility, and the resulting arbitrage and leverage opportunities, coupled with growing demand for stablecoin lending, total borrowing volume has accelerated since the second quarter, climbing from $15 billion to its current level in just two months.
The drivers of this round of growth are more diverse. In addition to leverage demand driven by rising market prices, the increased lending usage of RWA stablecoins, as well as Aave's introduction of risk management mechanisms such as isolation mode and eMode, have also enhanced capital utilization efficiency and risk control capabilities. This means that even during a potential pullback, Aave's capital retention rate may remain more resilient than in the past.
Overall, the record high in Aave's borrowing scale not only reflects the recovery of market risk appetite, but also shows that the structural upgrade of the DeFi lending track is taking place, gradually shifting from a single price speculation drive to multi-asset and multi-scenario funding needs. This will have a profound impact on the platform's long-term stable growth and the industry's competitive landscape.
Uniswap Proposes DUNI Legal Structure to Enhance DAO Governance and Compliance
On the evening of August 11, the decentralized exchange Uniswap Foundation released a proposal on the community governance forum, planning to establish a new legal entity for its governance organization, DUNI, and implement it under the DUNA framework in Wyoming.
According to the proposal, DUNI will maintain the existing DAO governance mechanism and Uniswap protocol, while providing a compliant and limited-liability "legal shell" for the entire governing organization, enabling it to legally hire service providers, sign contracts, and handle tax matters. To this end, the Foundation intends to allocate $16.5 million worth of UNI to the new entity, of which approximately $10 million will be used to settle historical taxes and potential fines, and the remaining funds will be used as a future legal defense budget. In addition, DUNI will hire Cowrie, a firm whose co-founder was directly involved in the drafting of the DUNA Act, as its administrator.
It is worth noting that the General Counsel of the Uniswap Foundation clearly stated in the proposal that the adoption of the DUNA framework will not only enhance the legal protection and enforcement of the DAO, but is also expected to clear institutional obstacles for the launch of the "protocol fee switch". Once implemented, the DAO can transfer part of the LP transaction fees to the treasury under the compliance framework for community decision-making and ecological development.
Bitcoin Climbs as US CPI Inflation Data Lands Below Target
The US Bureau of Labor Statistics (BLS) released CPI data on Tuesday, showing inflation in the US rose at an annual rate of 2.7% in July. It marks a similar reading to June’s inflation data, which BeInCrypto reported at 2.7%.
Despite coming in below the expected 2.8%, this CPI print suggests that inflation in the US remains high. It accentuates earlier reports, which showed a rise in the US inflation basket’s high-inflation component to 40% in July 2025, the highest this year. Data also shows a weighted share of CPI components growing faster than 4%, suggesting persistent inflationary pressure despite a recent drop from a peak of 60% in 2022. These data, taken together, suggest tariff-induced price pressures are becoming more apparent.
Bitcoin reacted to the US economic signal, recording a modest uptick to approach $119,000. The muted reaction came as markets had already priced in the impact, given that the CPI met economists’ expectations, thereby alleviating worries.
Grayscale Registers Cardano, Hedera Trust ETF Entities in Delaware, Signaling Potential S-1 Filings
Delaware's official registration portal has added the Grayscale Cardano Trust ETF and the Grayscale Hedera Trust ETF to its list of entities on Tuesday. Such registrations in the past have preceded official S-1 filings with the Securities and Exchange Commission. The SEC has already acknowledged NYSE Arca’s 19b-4 form for Grayscale's spot Cardano ETF and Nasdaq's form for the Hedera ETF earlier this year. These are Grayscale's first altcoin ETF trust registrations on the Delaware portal. The investment manager has existing altcoin investment trust registrations for assets like Dogecoin, Filecoin, Avalanche, and Bittensor.
Also, on Tuesday, Grayscale launched two investment trusts offering exposure to the native tokens of DeepBook and Walrus, both of which provide trading and data infrastructure within the Sui blockchain ecosystem.
U.S. investment managers continue to push efforts to launch altcoin-based ETFs, following the immense success of bitcoin and ether-based funds. These efforts appear to be encouraged by positive developments in Washington, such as the SEC's approval of in-kind redemptions for spot BTC and ETH ETFs.
The SEC is advancing "Project Crypto" in collaboration with the Commodity Futures Trading Commission to provide a clear regulatory framework for the digital asset market. The project aims to distinguish which cryptocurrencies are considered securities and which are not, addressing a major concern that deterred firms from entering crypto space.
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
Odaily Planet Daily. (2025, August 12).
Is the protocol fee cut-off imminent? Uniswap introduces DUNA architecture to strengthen DAO compliance. Odaily News.
https://www.odaily.news/en/post/5205640
Ainvest. (2025, August 12).
Uniswap proposes DUNI legal structure to enhance DAO governance and compliance. Ainvest News.
https://www.ainvest.com/news/uniswap-proposes-duni-legal-structure-enhance-dao-governance-compliance-2508/
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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