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CoinCatch Market Daily Report (July 29, 2025)
Beginner
2025-07-29 | 10m
On July 29, BTC experienced a slight price decline of 0.91% over the past 24 hours, fluctuating between $119,482.80 to $117,490.73, with active trading volume. ETH saw a price decrease of about 1.37% in the same period, fluctuating between $3,915.30 to $3,736.83. Payment giant PayPal announced the launch of its “Pay with Crypto” feature, enabling merchants to accept instant conversions of cryptocurrencies and stablecoins to fiat, supporting transactions from various Web3 wallets, including MetaMask. Fintech giant FIS announced a partnership with stablecoin issuer Circle to provide USDC payment capabilities to U.S. financial institutions through FIS’s Money Movement Hub. Ethereum Spot ETF Had a Total Net Inflow of $65.1442 Million Yesterday, Continuing Its Net Inflow for 17 Consecutive Days.
Crypto Market Overview
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BTC (-0.16% | Current price 118,806 USDT): BTC price slightly decreased by 0.16% in the past 24 hours, fluctuating from about $119,482.80 to $117,490.73, with active trading volume. Technical analysis shows BTC prices fluctuating near the 50-day moving average, RSI close to 60, indicating neutral but slightly bullish market momentum, while MACD shows a slightly bearish signal, reflecting short-term correction pressure. On July 28, BTC ETF saw an inflow of $157 million, with IBIT receiving $147 million and FBTC receiving $30.9 million.
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ETH (-1.37% | Current price 3,835 USDT): ETH price dropped by about 1.37% in the past 24 hours, fluctuating between $3,915.30 to $3,736.83. Technical analysis shows the current price above the 10-day SMA, with a 14-day RSI of about 79.8, indicating the market is still in an overbought state. On July 28, ETH ETF saw an inflow of $65.2 million, with BlackRock’s ETHA receiving $132 million and Fidelity’s FETH seeing an outflow of $49.2 million.
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Altcoins: Altcoins showed a downward trend in the past 24 hours. The Fear and Greed Index currently reports 63, indicating market sentiment remains optimistic.
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Macro Environment: On July 28, the S&P 500 index rose 0.02% to 6,389.77 points; the Dow Jones Industrial Average fell 0.14% to 44,837.56 points; the Nasdaq index rose 0.33% to 21,178.58 points. As of 3:00 (UTC) on July 29, the spot gold price per ounce is reported at $3,318, with a 24-hour increase of 0.12%.
Top Gainers
CFX Conflux (+39.43%, Market Cap $1.33 Billion)
CFX token is currently priced at $0.2598, with a 24-hour increase of 39.43%. Conflux (CFX) is a public, layer-1 blockchain designed to power decentralized applications (dApps), e-commerce, and Web 3. 0 infrastructure. It aims to enhance scalability, decentralization, and security compared to existing protocols.
The price increase of CFX in the past 24 hours is mainly attributed to CFX’s rally combines geopolitical relevance (China’s stablecoin ambitions), technical momentum, and upgrade hype: Conflux's partnership with AnchorX and Eastcompeace Technology to launch AxCNH, a stablecoin pegged to China’s offshore yuan (CNH), announced at its Shanghai Conference (July 18–20); Conflux 3.0 (launching July 31) aims to boost throughput to 15,000 TPS and enable on-chain AI agents, per developer announcements.
HYPER Hyperlane (+8.14%, Market Cap: $90.22 Million)
HYPER is currently priced at $0.5149, up 8.14% in the last 24 hours. Hyperlane is a permissionless blockchain communication protocol designed for seamless interoperability and data exchange between different blockchains. HYPER is used for staking to protect cross-chain communication and as a governance and reward mechanism. HYPER’s $372M 24h volume (+61% vs. prior day) was driven by sustained activity on Upbit and Bithumb, where it accounted for 4th and 5th highest volumes respectively (CryptoPotato). This aligns with the “Korea Pump” trend, where low-market-cap alts like HYPER (current $89.8M) see exaggerated moves post-listing due to concentrated retail trading.
ACH Alchemy Pay (+2.85%, Market Cap $226.74 million)
KTA token is currently priced at $0.02435, with a 24-hour increase of 2.85%. Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible.
The price increase of KTA in the past 24 hours is mainly attributed to the Alchemy Pay’s partnership with Ripple to provide fiat on-ramps for RLUSD stablecoin in 170+ countries (Ripple Labs) has driven renewed attention. RLUSD’s daily trading volume ($94M) and EU/Middle East expansion likely increased demand for ACH as the gateway token.
Market Insights
PayPal Launches Cryptocurrency Payment Feature, Supporting Transactions with Wallets Like MetaMask
Payment giant PayPal has announced the launch of its “Pay with Crypto” feature, providing services to merchants by enabling instant conversion between cryptocurrencies and stablecoins or fiat currencies. The feature supports transactions with various Web3 wallets, including MetaMask, and reaches over 650 million cryptocurrency users globally. Reportedly, Pay with Crypto’s transaction fee is only 0.99%, which can reduce transaction costs by up to 90% compared to international credit card processing.
PayPal’s launch of the “Pay with Crypto” feature marks a significant breakthrough in the digital payment field, bringing a more convenient payment experience to users and merchants by integrating cryptocurrencies into daily transactions. This feature reduces the complexity of using digital assets through an instant conversion mechanism, allowing more people to easily participate in the crypto economy. Its low transaction cost has a clear advantage over traditional payment methods and is likely to attract more merchants to accept cryptocurrency payments, thus promoting the popularization of digital currencies in the market. Looking ahead, this innovation may inject new vitality into the development of decentralized finance, promoting the continuous emergence of more technologies and services related to digital currencies, and further changing the global payment landscape.
FIS Partners with Circle to Unlock Stablecoin Money Movement Functionality for Financial Institution Customers
Financial technology giant FIS has announced a partnership with stablecoin issuer Circle to provide USDC stablecoin payment capabilities to U.S. financial institutions through FIS’s Money Movement Hub. The collaboration includes support for domestic and cross-border stablecoin payments, integration of real-time payment and anti-fraud systems, helping financial institutions deploy blockchain payment functions more securely and efficiently.
The partnership between financial technology giant FIS and stablecoin issuer Circle opens a new chapter for digital currencies in the traditional financial sector. This collaboration, by introducing USDC stablecoin payment functionality to U.S. Financial institutions provide a more efficient and cost-effective alternative for domestic and cross-border transactions, while combining real-time payment and anti-fraud technologies to ensure security and practicality. This move not only marks the further implementation of blockchain technology in financial payments but may also encourage more institutions to explore similar models. Looking ahead, such partnerships could accelerate the widespread application of stablecoins, promote financial technology innovation, and even gradually change the landscape of the global payment system, bringing users a more convenient and inclusive financial service experience.
Ethereum Spot ETF Had a Total Net Inflow of $65.1442 Million Yesterday, Continuing Its Net Inflow for 17 Consecutive Days
On July 28, the Ethereum spot ETF had a total net inflow of US$65.1442 million. The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of US$132 million. Currently, ETHA's total historical net inflow has reached US$9.48 billion. The Ethereum spot ETF with the largest daily net outflow yesterday was the Fidelity ETF FETH, with a daily net outflow of US$49.2295 million. Currently, FETH's total historical net inflow has reached US$2.288 billion.
As of press time, the total net asset value of the Ethereum spot ETF was US$21.534 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 4.71%, and the historical cumulative net inflow has reached US$9.40 billion.
Reference:
Business Wire. (2025, July 28).
FIS partners with Circle to unlock stablecoin money movement functionality for financial institution customers [Press release].
https://www.businesswire.com/news/home/20250728320277/en/FIS-Partners-with-Circle-to-Unlock-Stablecoin-Money-Movement-Functionality-for-Financial-Institution-Customers
Circle Internet Financial. (2025, July 28).
FIS partners with Circle to unlock stablecoin money movement functionality for financial institution customers [Press release].
https://www.circle.com/pressroom/fis-partners-with-circle-to-unlock-stablecoin-money-movement-functionality-for-financial-institution-customers
Farside Investors. (n.d.).
Home. Retrieved July 29, 2025, from
https://farside.co.uk/
Investing.com. (n.d.).
Currencies. Retrieved July 29, 2025, from
https://investing.com/currencies/
Odaily. (n.d.).
FIS partners with Circle to enable stablecoin transactions for banks. Retrieved July 29, 2025, from
https://www.odaily.news/en/newsflash/440936
PayPal Holdings, Inc. (2025, July 28).
PayPal drives crypto payments into the mainstream, reducing costs and expanding global commerce [Press release].
https://newsroom.paypal-corp.com/2025-07-28-PayPal-Drives-Crypto-Payments-into-the-Mainstream
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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