Coincatch App
Trade smarter
Crypto MarketHot Topics
CoinCatch Market Daily Report (August 1, 2025)
Beginner
2025-08-01 | 10m
On August 1st, BTC fell by approximately 2.99% over the past 24 hours, forming a bearish candlestick pattern with a lower wick indicating limited buying support at lower levels, while ETH prices dropped by about 5.64% in the past 24 hours, with an RSI of 70.1, suggesting a potential short-term correction. SEC Chairman Paul S. Atkins announced "Project Crypto" on Thursday, a comprehensive initiative aimed at modernizing securities regulations to enable American financial markets to move on-chain and fulfill President Trump’s vision of making the U.S. the "crypto capital of the world.". MicroStrategy announced its Q2 2025 financial results, highlighting significant growth driven by its Bitcoin holdings.
Crypto Market Overview
-
BTC (-2.10% | Current price 115,947 USDT): BTC has declined approximately 2.10% over the past 24 hours, forming a bearish candlestick pattern with a pronounced lower wick signaling weak buying support at reduced price levels. Technical analysis confirms a sustained downtrend through sequentially lower highs and lows, with selling pressure dominating market dynamics. On July 31, BTC ETFs recorded a net outflow of $114 million, contrasting with IBIT’s $18.6 million inflow against FBTC’s $53.6 million outflow.
-
ETH (-3.79% | Current price 3,715 USDT): The price of ETH has fallen approximately 3.79% over the past 24 hours, currently exhibiting an RSI of 70.1, which indicates that it is nearing overbought territory and may experience a short-term correction. The price trend is characterized by lower highs and lows, signifying a prevailing bearish market sentiment, with the support level at 3,600 USDT expected to be tested. On July 31, ETH ETFs recorded an inflow of $17 million, with BlackRock’s ETHA contributing an inflow of $18.2 million and Fidelity’s FETH adding $5.6 million.
-
Altcoins: Altcoins have shown a downward trend in the past 24 hours. The Fear and Greed Index currently stands at 65, indicating a slight decrease in investor optimism.
-
Macro Environment: On July 31, the S&P 500 index fell 0.37% to 6,339.39 points; the Dow Jones Industrial Average dropped 0.74% to 44,130.98 points; and the Nasdaq Composite declined 0.03% to 21,122.45 points. As of August 1 at 3:00 (UTC), the spot gold price per ounce is $3,289, down 0.03% in the last 24 hours.
Trending Tokens
TREE Treehouse (+8.06%, Market Cap $83.14 Million)
TREE token is currently priced at $0.5325, up 8.06% in the last 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 rally reflects a combination of Binance-driven utility expansion and technical recovery from oversold conditions. While bullish in the near term, sustainability depends on whether loan demand materializes and airdrop sell pressure fully subsides.
SPK Spark (+6.3%, Market Cap $108.8 Million)
SPK token is currently priced at $0.09952, up 6.3% in the last 24 hours. 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 announced SPK’s inclusion in its Flexible Rate Loans and VIP Loan products on August 1; SPK’s 24h volume fell 49% to $273M, exchange balances dropped 37% in July as holders moved tokens to staking/loan collateralization. This supply squeeze coincides with: $155M staked SPK (up $17M in 24h as of July 29) and altcoin season index rising 56% in 30 days, favoring risk-on assets
IOTX IoTeX (+3.52%, Market Cap $277.61 Million)
IOTX token is currently priced at $0.02943, up 3.52% in the last 24 hours. The IoTeX platform, established in 2017, is an open-source blockchain project built specifically for Internet of Things (IoT) applications. The project aims to create a network where “humans and machines can interact in a privacy-protecting, trustless environment.” Additionally, the IoTeX ecosystem includes blockchain technology with secure hardware and computing, “enabling trusted data from trusted devices” for use in decentralized applications.
The main reason for IOTX’s price increase in the last 24 hours is a tweet from its official X account. The tweet mentioned that the White House has released its digital asset report based on Executive Order 14178, explicitly mentioning DePIN for the first time. Earlier this year, IoTeX traveled to Washington D.C. to meet directly with legislators, showcase actual hardware, and explain the importance of DePIN. DePIN is developing rapidly, with annual revenues exceeding $250 million and generating significant real-world impact, but still needs clear regulatory support. The crypto industry is finally gaining momentum in Washington, and now is the time to push further.
Market Insights
SEC Chairman Unveils Project Crypto to Make the US a Global Leader
SEC Chairman Paul S. Atkins announced "Project Crypto" on Thursday, a comprehensive initiative aimed at modernizing securities regulations to enable American financial markets to move on-chain and fulfill President Trump’s vision of making the U.S. the "crypto capital of the world."
Speaking at an America First Policy Institute event in Washington D.C., Atkins outlined several key priorities for the SEC under his leadership, including bringing crypto asset distributions back to America, enhancing custody options, facilitating "super-apps," and updating regulations to accommodate on-chain software systems.
"We are at the threshold of a new era in the history of our markets," Atkins said, noting that the initiative would work in tandem with the recently signed GENIUS Act and recommendations from the President’s Working Group on Digital Asset Markets.
Atkins directed SEC staff to draft clear rules for crypto asset distributions, custody, and trading, while considering exemptions and relief measures in the interim. He emphasized that "most crypto assets are not securities" and promised guidelines to help market participants categorize digital assets appropriately.
The chairman also addressed the need for modernized custody requirements, stating that "the right to have self-custody of one’s private property is a core American value" while acknowledging that some investors will continue to rely on registered intermediaries.
A significant focus of Project Crypto is enabling "super-apps" - platforms where securities intermediaries can offer various products and services under one roof with a single license. This would allow broker-dealers to trade non-security crypto assets alongside securities and offer services like staking and lending without requiring multiple licenses.
MicroStrategy Files $4.2 Billion Stock Offering to Expand Bitcoin Holdings
MicroStrategy announced its Q2 2025 financial results, highlighting significant growth driven by its Bitcoin holdings. The company reported $14.03 billion in operating income (up 7,106.4% YoY) and $10.02 billion in net income, with diluted EPS of $32.60, compared to a net loss in Q2 2024. As of June 30, 2025, it held 628,791 bitcoins at a total cost of $46.07 billion, achieving a 25.0% YTD BTC yield and $13.2 billion in YTD BTC gains. For FY2025, it guided for $34 billion in operating income, $24 billion in net income, and $80 diluted EPS, based on a year-end BTC price outlook of $150,000. Software revenues totaled $114.5 million (up 2.7% YoY), with subscription services revenues rising 69.5% YoY. The company also noted the July 2025 IPO of STRC, its Treasury Preferred Stock, expanding its capital markets platform. Executives emphasized the success of their Bitcoin treasury strategy, capital raising activities, and innovative financial products extending the Bitcoin economy.
Ripple Unlocks 1 Billion XRP Monthly as Price Falls 13.7% Amid Profit-Taking and Regulatory Uncertainty
Ripple is preparing to release 1 billion XRP in August as part of its scheduled monthly token unlock from escrow, a process that has been consistent for several years. The company’s structured release model allows up to 1 billion XRP to be made available each month, with any unused tokens typically returned to escrow. Analysts have indicated that this unlock is unlikely to create significant market volatility, as it is a routine event and already anticipated by traders. The majority of the released tokens are often re-locked or used for infrastructure development rather than entering broader circulation.
Despite the unlock, XRP has shown a noticeable correction, falling to $3.15 from its recent peak of $3.66 in late July. The token has underperformed relative to Bitcoin and Ethereum, which have seen only mild 2–3% dips in the same period. The steeper decline in XRP has been attributed primarily to profit-taking rather than broader market weakness. However, this cryptocurrency has managed to maintain a 0.9% increase in the last 24 hours, indicating some level of continued interest.
Reference:
Farside Investors. (2025).
Ethereum ETF flows. Retrieved August 1, 2025, from
https://farside.co.uk/eth/
Investing.com. (2025).
USA indices. Retrieved August 1, 2025, from
https://investing.com/indices/usa-indices
Drake, J. (2025, July 31).
Lean Ethereum: Defining the next decade. Ethereum Foundation Blog.
https://blog.ethereum.org/2025/07/31/lean-ethereum
Strategy. (2025, July 31).
Strategy announces second quarter 2025 financial results [Press release].
https://www.strategy.com/press/strategy-announces-second-quarter-2025-financial-results_07-31-2025
AInvest. (2025, July 29).
XRP news today: Ripple unlocks 1 billion XRP monthly, price falls 13.7% amid profit-taking & regulatory uncertainty.
https://www.ainvest.com/news/xrp-news-today-ripple-unlocks-1-billion-xrp-monthly-price-falls-13-7-profit-regulatory-uncertainty-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.
Share
