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CoinCatch Market Daily Report (August 6, 2025)
Beginner
2025-08-06 | 10m
August 6 saw crypto markets succumb to stagflation fears and technical resistance. While BTC held $113,000 as a psychological floor, ETH’s breakdown below $3,600 underscores altcoin fragility. Monitor: BTC’s $115,500 resistance for trend reversal signals. ETH’s $3,576 support, loss here opens path to $3,360. ETF flow divergence: ETH’s inflows vs. BTC’s exodus may foreshadow sector rotation. SEC Declares liquid staking is outside of securities laws in latest guidance following 'Project Crypto' initiative; MEI Pharma (ticker MEIP), a Nasdaq-listed pharmaceutical company, has acquired 929,548 Litecoin tokens for $100 million and U.S. spot Ethereum exchange-traded funds experienced $465.1 million in net outflows on Monday, marking the largest single-day outflows since their launch.
Crypto Market Overview
BTC (+0.07% | Current Price: 114,095 USDT): BTC continues to exhibit a weak and range-bound trend on the hourly chart, trading beneath crucial moving averages while short-term momentum remains under strain. The MACD is still positioned below the zero line, and although the histogram is contracting, it has not yet signaled a definitive reversal. Trading volume has significantly decreased following a sharp sell-off, indicating increasing market caution. Should BTC be unable to recover the 114,500 level, it may persist in consolidating near the lows, with essential support located around 111,900. On August 5, BTC ETFs recorded a net outflow of $196 million, including $77.4 million from BlackRock’s IBIT and $99.1 million from Fidelity’s FBTC.
ETH (+0.46% | Current Price: 3,632USDT): ETH is still experiencing pressure beneath the moving averages, indicating a slight downtrend in the near term. The MACD bearish crossover is still active, with green histogram bars reflecting continued downward momentum. Decreasing volume points to a diminishing bullish strength, and the absence of breakout momentum may continue. Should ETH not maintain its position above 3,600, it might revisit support levels between 3,450 and 3,470. In the near term, traders should monitor for convergence between volume and moving averages as potential signals for a rebound. On August 5, ETH ETFs recorded a net inflow of $73.3 million, with $88.8 million flowing into BlackRock’s ETHA.
Altcoins: The market remains weak and range-bound, with most major tokens declining. The Fear & Greed Index has fallen to 52, indicating slightly more cautious sentiment. In the short term, structural divergence may continue across the altcoin landscape.
Macro Data: On August 5, the S&P 500 dropped 0.49% to 6,299.19 points; the Dow Jones fell 0.14% to 44,111.74 points; and the Nasdaq declined 0.65% to 20,916.55 points. As of 02:15 AM (UTC) on August 5, spot gold was trading at $3,376 per ounce, down 0.12% over the past 24 hours.
Top Gainers
PROMPT Wayfinder (+7.05%, Circulating Market Cap: $29.33 Million)
PROMPT is currently priced at $0.1310, up 7.05% in the last 24 hours. Wayfinder is an artificial intelligence (AI) focused omni-chain protocol enabling user-owned, autonomous AI agents to securely and efficiently navigate across blockchain ecosystems and Dapps while independently transacting assets you control via dedicated Web3 wallets. PROMPT’s rally reflects exchange-driven liquidity, strategic product updates, and technical buying. While bullish in the near term, its -78% 1Y performance and high circulating supply (223.9M/1B) warrant caution.
PUMP Pump.fun (+7.45%, Circulating Market Cap: $1.21 Billion)
PUMP is currently priced at $0.003430, up 7.45% in the past 24 hours. The PUMP crypto-asset is the official utility coin of the pump.fun utility coin launch platform and the swap.pump.fun automated market maker (AMM) protocol (together, the "Pump.Fun Protocols"). The PUMP crypto-asset will not be required in order to utilize the Pump.Fun Protocols, which remain permissionless. Holders of the PUMP crypto-asset may opt to participate in promotional give aways from the Pump.Fun Protocols. The PUMP crypto-asset is a utility coin that will be used alongside the pump.fun brand behind the Pump.Fun Protocols. To restore confidence, the project initiated its buyback program, where it repurchased $31.3 million worth of $PUMP tokens funded by 25% of the protocol revenue. Pump.fun also acquired Kolscan, a leading on-chain wallet tracking tool, to improve transparency and attract serious meme investors.
SYRUP Maple Finance (+5.94%, Circulating Market Cap: $535.9 Million)
SYRUP is currently priced at $0.4486, up 5.94% in the last 24 hours. Maple, launched in 2021, is an on-chain Asset Manager with decades of traditional finance and crypto experience. Maple combines capital markets expertise with DeFi innovation to power a suite of offerings including secured lending, Bitcoin Yield, and structured products. As a leader in decentralized finance and institutional crypto markets, Maple has built a global asset management ecosystem focused on innovation and accessibility. On August 4, Upbit adjusted SYRUP’s circulating supply schedule at Maple’s request, likely delaying token unlocks (Kanalcoin). Combined with a 25% protocol fee allocation to buybacks (up from 20%), this reduces net sell pressure.
Market Insights
SEC Declares Liquid Staking is Outside of Securities Laws in Latest Guidance Following 'Project Crypto' Initiative
Certain liquid staking activities do not involve securities, the U.S. Securities Exchange Commission said in its latest guidance as it delves into its crypto-friendly era.
In guidance released on Tuesday, the SEC said that people engaged in liquid staking activities do not have to register with the agency under the securities laws. Liquid stakers that could be exempted from securities laws include Lido, Marinade Finance, JitoSOL and Stakewise.
"It also is the Division’s view that the offer and sale of Staking Receipt Tokens, in the manner and under the circumstances described in this statement, do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act or Section 3(a)(10) of the Exchange Act, unless the deposited Covered Crypto Assets are part of or subject to an investment contract," the SEC said.
MEI Pharma Buys $100 Million of Litecoin as Treasury Asset, with Charlie Lee and GSR as Lead Investors
MEI Pharma (ticker MEIP), a Nasdaq-listed pharmaceutical company, has acquired 929,548 Litecoin tokens for $100 million, becoming the first U.S.-listed firm to adopt Litecoin as its primary treasury reserve asset.
The tokens were purchased at an average price of $107.58 between July 30 and Aug. 4. At current market prices of around $124, the LTC treasury is now valued at about $115 million. Litecoin is currently the 24th-largest cryptocurrency by market capitalization, with a total market cap of about $9.5 billion, according to The Block’s Litecoin price page.
The purchase was fully funded through a $100 million private placement closed last month, with Litecoin creator Charlie Lee and crypto trading firm GSR acting as lead investors. Lee has joined MEI’s board of directors, replacing Taheer Datoo, and GSR has been appointed as the company’s treasury asset manager. Other investors include the Litecoin Foundation, ParaFi, Hivemind, Primitive, RLH Capital, and Delta Blockchain.
On August 6, 2025, Bitcoin, after a period of price fluctuations, stabilized and rebounded to approximately $114,166.89. This upward movement came after a dip in its value, and the current price indicates a certain level of resilience in the market. Ethereum is approaching a crucial resistance level. As of today, its value stands at around $3,651.49, with a notable change of +3.1% in the last 24 hours. As of today, Coinbase and PayPal navigate US GENIUS Act's stablecoin rules; Aave completes $15.7 million AAVE token buyback; Sei’s daily active users surpass solana for the first time on August 2 and massive U.S. spot ethereum ETFs outflow rocks digital asset market.
Spot Ethereum ETFs Log $465 Million in Largest Daily Outflow as Analysts Cite Short-term Profit-taking
U.S. spot Ethereum exchange-traded funds experienced $465.1 million in net outflows on Monday, marking the largest single-day outflows since their launch.
The Monday outflows followed a period of record weekly inflows for these spot ether ETFs over recent weeks, with inflows of $2.2 billion in the second week of July, $1.9 billion in the third week, and $154.3 million last week, according to SoSoValue data.
BlackRock's ETHA led Monday's outflows with $375 million exiting the fund. Fidelity's FETH, Grayscale's ETHE, and the Grayscale Ethereum Mini Trust also saw outflows.
"While this could signal short-term profit-taking after ETH's recent rally, it doesn't necessarily reflect declining institutional demand, especially given the sector's record $5.4 billion inflows in July and corporate accumulation of ETH," said Nick Ruck, director of LVRG Research.
Vincent Liu, CIO of Kronos Research, shared similar views. "This move reflects short-term profit-taking and risk-off rotation, not a long-term rejection of ETH exposure," said Liu.
References:
The Block. (2025, August 5). Spot Ethereum ETFs log $465 million in largest daily outflow as analysts cite short - term profit - taking. The Block.
https://www.theblock.co/post/365568/spot-ethereum-etfs-largest-daily-outflow
Farside Investors. (n.d.). Bitcoin ETF Flow (US$m). Farside Investors.
https://farside.co.uk/btc/
Farside Investors. (n.d.). Ethereum ETF Flow (US$m). Farside Investors.
https://farside.co.uk/eth/
PANews. (2025, August 6). The US SEC issued the latest guidance: Liquidity pledge is not regulated by securities laws. PANewsLab.
https://www.panewslab.com/en/articles/b1fc7a62-6b43-455d-9807-e23b8b2ba7fd
The Block. (2025, August 5). Spot Ethereum ETFs log $465 million in largest daily outflow as analysts cite short - term profit - taking. The Block.
https://www.theblock.co/post/365568/spot-ethereum-etfs-largest-daily-outflow
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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