Crypto Market

CoinCatch Market Daily Report (July 30, 2025)

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2025-07-30 | 10m

On July 30, BTC continued to consolidate sideways, while ETH showed relative strength with a mild upward move. Major altcoins saw mixed performance as the market maintained its pattern of sector rotation. Bank of Korea to Launch Virtual Asset Committee to Monitor Crypto. Meanwhile, eToro announced plans to launch tokenized U.S. stocks on Ethereum with 24/5 trading access, accelerating RWA integration. SEC Considers Allowing BlackRock Ethereum ETF Staking Feature and Postpones Grayscale Litecoin ETF Resolution.

Crypto Market Overview

BTC (-0.45% | Current Price: 118,260 USDT): BTC continues to consolidate around 117,800 USDT, maintaining a high-level sideways pattern in the short term. The price is currently suppressed by the MA 5 and MA 10 moving averages, with no clear breakout yet. MACD remains below the zero line, but the fast and slow lines are converging, and the shrinking green histogram suggests early signs of momentum recovery. Trading volume remains low, indicating strong market hesitation. A breakout above 118,500 USDT with increased volume could open further upside potential, while a drop below the 117,200 support may lead to a retest of the 115,500 level. On July 29, BTC ETFs recorded a net inflow of $79.98 million, with BlackRock’s IBIT receiving $157 million in inflows and Grayscale’s GBTC seeing $48.97 million in outflows.
ETH (-0.83% | Current Price: 3,823 USDT): ETH saw a mild rebound above 3,800 USDT and is showing stronger price action compared to BTC. The price has reclaimed short-term moving averages but still faces resistance at the MA 30. The MACD indicator formed a bullish crossover at a low level, with the red histogram slightly increasing—signaling a potential recovery in momentum. Sustained volume could lead to a test of the 3,860–3,900 USDT resistance zone, while a break below 3,770 may shift ETH into a weaker consolidation pattern. On July 29, ETH ETFs saw a net inflow of $218 million, including a $223 million inflow into BlackRock’s ETHA and a $5.09 million outflow from 21Shares’ CETH.
Altcoins: The overall crypto market saw sideways consolidation, with major altcoins posting mixed performance. The Fear & Greed Index rose to 63, indicating optimistic sentiment without signs of overheating. Short-term movements may continue to reflect sector-based rotation.
Macro: On July 29, the S&P 500 fell 0.30% to 6,370.86, the Dow Jones dropped 0.46% to 44,632.99, and the Nasdaq declined 0.38% to 21,098.29. As of 02:15 AM (UTC) on July 30, spot gold was trading at $3,328 per ounce, up 0.05% in the past 24 hours.

Top Gainers

SPK Spark (+13.98%, Market Cap $108.78 Million)

SPK token is currently priced at $0.09914, with a 24-hour increase of 13.98%. Spark is an onchain capital allocator, with $3.86B deployed across DeFi, CeFi, and RWA. It unlocks capital efficiency at scale, auto-balancing allocations based on market conditions while maintaining a conservative risk profile.

The price increase of SPK in the past 24 hours is mainly attributed to Binance's adding SPK/USDC to trading bots on July 28, driving $372M 24h volume (+161.6% vs prior day); SPK’s bounce reflects classic “dead cat bounce” dynamics – oversold technicals meeting exchange liquidity boosts – but faces structural headwinds from 4.65M daily token unlocks and June 2026’s 904.6M supply cliff.

QKC QuarkChain (+9.8%, Market Cap: $57.94 Million)

QKC is currently priced at $0.008110, up 9.8% in the last 24 hours. The QuarkChain Network is a permissionless blockchain architecture that aims to meet global commercial standards. It aims to provide a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS.

QuarkChain's 9.2% price surge in 24 hours is driven by its proposed Ethereum Layer-2 migration and recent ecosystem momentum: Migration catalyst: Proposal to transition to Ethereum L2 via Optimism Stack (vote concluded May 22); Technical rebound: Oversold RSI recovery + break above key Fibonacci level; Ecosystem activity: Recent hackathon participation and AI/Web3 event visibility.

HOME Defi App (+6.66%, Market Cap $99.04 million)

HOME token is currently priced at $0.03645, with a 24-hour increase of 6.66%.

While DeFi products can offer financial services without intermediaries, the space is often inaccessible to average users due to complicated interfaces, technical barriers, and fragmented ecosystems. Defi App was built to make DeFi easier and less stressful, especially for new users. The app handles a lot of the hard stuff behind the scenes, so you can focus on what you want to do—whether that’s swapping tokens, earning yield, or just learning how it all works.

The 1B HOME token airdrop for Degen Arena Season 2 (DeFi App) went live July 29, this follows July 22’s protocol buyback program (Proposal DIP-004) where 80% of revenue is used to repurchase HOME from markets, creating structural demand. HOME RSI 7-day at 91.08 (extreme overbought) vs 76.94 RSI14, MACD bullish crossover (0.0028 vs 0.0019 signal line). Price broke Fibonacci 23.6% resistance ($0.0347) to reach $0.0366, 24h volume surged 125.67% to $111.9M, confirming momentum. While bullish, the extreme RSI suggests potential profit-taking near the next Fib level at $0.0396 (July 29 high).

Market Insights

Bank of Korea to Launch Virtual Asset Committee to Monitor Crypto

South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively explore digital currency.

A Bank of Korea official said its Virtual Asset Team will also be responsible for responding to “discussions related to stablecoins and virtual assets,” and “cooperative work with the government” during the legislative process, Yonhap News reported on Tuesday.

Banks in South Korea mulling stablecoins pegged to the country’s currency, the won, and proposed stablecoin legislation being introduced by lawmakers was reportedly the primary driver behind the new team’s creation.

Crypto is popular among South Koreans, and last month the country further embraced the sector by electing Lee Jae Myung as president after he ran on a pro-crypto platform that included allowing stablecoins and crypto exchange-traded funds.

eToro to Launch Tokenized U.S. Stocks on Ethereum, Accelerating RWA Integration

Trading and investment platform eToro has announced a major upgrade, including the rollout of 24/5 trading for U.S. stocks and ETFs and the launch of tokenized versions of 100 popular equities. These tokenized stocks will be issued as ERC20 tokens on the Ethereum blockchain, enabling users to buy and sell outside of traditional market hours. The tokens will also support transfers, staking, and DeFi integrations—significantly boosting asset liquidity and composability. eToro described this initiative as a strategic step toward a tokenized financial future, aiming to deliver a more open and flexible investment experience to global users.

Notably, eToro’s move comes amid broader momentum in the tokenized asset space. Projects such as xStocks have already integrated with multiple exchanges via the Solana blockchain, enabling cross-platform trading and real-time tokenized equity access. This trend reflects the shift from concept to infrastructure in the real-world asset (RWA) tokenization landscape.

eToro also announced a partnership with CME Group to introduce spot-settled futures contracts in selected European markets. These contracts feature longer maturities and provide flexible risk management tools for institutional and retail investors. Through extended trading hours, on-chain issuance, and derivative products, eToro is establishing a comprehensive presence in the RWA space and driving the convergence of traditional finance and blockchain technology.

SEC Considers Allowing BlackRock Ethereum ETF Staking Feature and Postpones Grayscale Litecoin ETF Resolution

The U.S. Securities and Exchange Commission (SEC) is reviewing the application submitted by BlackRock, one of the world's largest asset management companies, to include staking features in its Ethereum ETF. The SEC has sought public comment on the rule changes related to the iShares Ethereum Trust. In addition, the SEC will postpone its decision on Grayscale's Litecoin ETF application until October 10. Since President Trump took office, the regulatory environment has become more lenient, and the SEC is evaluating dozens of cryptocurrency ETF proposals.

References:

Farside Investors. (n.d.). Farside. Retrieved July 30, 2025, from https://farside.co.uk/

Investing.com. (n.d.). Indices. Retrieved July 30, 2025, from https://investing.com/indices/

CoinGecko. (n.d.). Cryptocurrency categories. Retrieved July 30, 2025, from https://www.coingecko.com/categories

Lee, J. (2024, July 8). South Korean central bank creates virtual asset division. Cointelegraph. https://cointelegraph.com/news/south-korean-central-bank-creates-virtual-asset-division

Investing.com. (2024, January 9). eToro expands 24/5 trading, plans tokenized stocks on Ethereum. https://www.investing.com/news/company-news/etoro-expands-245-trading-plans-tokenized-stocks-on-ethereum-93CH-4157860

CryptoNinjas. (2024, July 9). SEC pushes crypto ETF decisions again; $100B market waits on Truth Social and Grayscale rulings. https://www.cryptoninjas.net/news/sec-pushes-crypto-etf-decisions-again-100b-market-waits-on-truth-social-and-grayscale-rulings/

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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