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CoinCatch Weekly Market Review & Outlook (August 22–28)
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2025-08-28 | 10m
This week, BTC fell 0.34%, ETH rose 6.78%, and the average increase of mainstream DeFi tokens exceeded 10%. This past week in crypto was marked by macroeconomic factors and several high-profile deals. A potentially dovish stance from the Federal Reserve sparked a crypto market rally, but Bitcoin entered a volatile downtrend after hitting a resistance level. In contrast, Ethereum showed resilience and saw significant institutional investment through ETFs. Major partnership announcements dominated the headlines, including Trump Media's new CRO treasury deal and Aave's expansion onto the Aptos blockchain.
Market Overview
BTC: This week, BTC fell 0.34%. After encountering resistance at $124,497, BTC recently entered a sustained correction, forming a clear downward channel structure. Currently trading around $111,500, it has remained volatile for several consecutive days. Overall, BTC remains in a volatile and weak pattern. If BTC can maintain its position in the $111,000–112,000 range, further upward correction is possible in the short term, with the target price around $114,000.
ETH: ETH rose 6.78% this week. After encountering resistance at the high of $4,956, ETH entered a correction and is currently trading around $4,518. The overall trend has been characterized by a period of high-level fluctuations and downward movement, but it has recently found significant support near the low of $4,063, accompanied by a rebound at large volume, indicating that bulls are actively defending this area. Overall, ETH is in a range-bound pattern with a relatively strong trend, and the struggle between bulls and bears is still ongoing. Investors should pay close attention to changes in trading volume and the stability of the key support level of $4,500.
Altcoins: The Crypto Fear & Greed Index currently stands at 45 (Neutral), suggesting that neither strong greed nor extreme fear is dominating the cryptocurrency market at this time. This position, sometimes seen as a balanced state, suggests caution and a potential tactical entry point for contrarian investors.
ETF: Bitcoin ETFs continued to face outflows between August 22 and 28. There was a noticeable rebound in inflows late in the week. Ethereum ETFs experienced significant inflows during this period, particularly on August 22 and 25, with institutional investors treating price dips as buying opportunities. The Ethereum unstaking queue experienced longer wait times in July, but not the record mentioned in the original request for the period of August 22-28.
Macro Data: Between August 22 and August 28, 2025, macroeconomic data was dominated by signals from the annual Jackson Hole Symposium. A notably dovish tone from Federal Reserve Chair Jerome Powell indicated a possible interest rate cut in September, which triggered an immediate rally in the crypto market. The positive sentiment was further supported by mixed but generally weaker labor market data, while inflation remained a persistent concern. The stock market indices showed a strong positive reaction to the dovish signals from the Federal Reserve on August 22. While there was some volatility and a tech sector sell-off in the subsequent days, the overall trend for the S&P 500, Dow Jones, and NASDAQ Composite was upward compared to the period leading up to August 22.
Stablecoins: The total market capitalization for stablecoins stands at approximately $280.477 billion, increased by $2.981 billion over the past 7 days, representing a 1.07% growth.
Gas Fees: Ethereum network gas fees are higher this week, with average fees reaching 1.648 GWEI on August 27.
Top Categories
According to CoinGecko data, the majority of mainstream altcoin sectors saw slight gains this week. The key areas showing significant upward trends over the past seven days were NFT project airdrop tokens, crypto-backed stablecoins, and liquid staking, with gains of 26.5%, 6.8%, and 5.7%, respectively.
NFT Project Airdrop Tokens
NFT project airdrop tokens are free tokens distributed by NFT project teams to incentivize community participation, promote the project, or reward early users. Unlike the NFTs themselves, these tokens are typically tradable, stakeable, or can be used for governance on-chain, making them a crucial part of the project's ecosystem. Over the past seven days, this sector has risen by 26.5%; Loaded Lions saw a 60.8% increase.; WANDER increased by 2.9%.
Crypto-backed Stablecoins
Crypto-backed stablecoins are stablecoins collateralized by crypto assets, such as BTC or ETH, through smart contracts or custodial mechanisms. Their value is typically pegged to a fiat currency like the US dollar or other stable assets, aiming for price stability while retaining decentralized characteristics. This sector was up 6.8% over the past seven days with JUST Stablecoin surged by 80% during the period.
Liquid Staking
Liquid staking allows users to stake their crypto assets (e.g., ETH, SOL) to participate in network validation and earn rewards, while also receiving a derivative token that can be freely traded or transferred. This mechanism removes the lock-up restrictions of traditional staking, increasing capital liquidity. The liquid staking sector rose by 5.7% over the past seven days, with Veno Finance experiencing a significant jump of 103.5%.
Weekly Market Focus
Circle And Paxos Unveil Plans For Next-Gen Verification Of Crypto Transactions
Stablecoin heavyweights Circle Internet Group Inc. and Paxos Trust Co. have piloted a new way to prevent copycats and help companies verify their digital asset holdings. The firms partnered with Bluprynt, a fintech startup founded by Georgetown Law School professor Chris Brummer, using cryptography and blockchain technology to provide issuer verification when stablecoins are released by a company. The pilot provided a way to trace back a token to the verified issuer, using Bluprynt’s technology, according to a statement.
Bluprynt’s technology gives “provenance upfront, reducing complexity, and providing regulators and investors with the transparency they need,” Brummer said. He noted that it could help curb losses due to counterfeit tokens and impersonation attacks.
Trump Media, Crypto.com Seal US$6.4 Billion CRO Treasury Deal
Trump Media & Technology Group’s stock price rose 5% on Tuesday, as US President Donald Trump’s media company finalised a $6.42 billion deal to create a digital asset treasury company in partnership with crypto exchange Crypto.com.
The digital asset company called Trump Media Group CRO Strategy will be initially seeded with $1 billion worth of CRO, the native token of Cronos, a Crypto.com blockchain subsidiary. The remainder will mostly be held as an equity line of credit for additional CRO purchases.
The CRO treasury company plans to run a validator node on the Cronos blockchain, according to the terms of the deal. Validators are participants on blockchains like Cronos who stake their tokens and secure the blockchain while earning fees for processing transactions.
CRO tokens surged 30% on Tuesday on the news, even as the broader cryptocurrency market slipped this week.
Aave Has Launched on the Aptos Blockchain, Marking Its First Move Outside Ethereum-Compatible Networks.
Decentralized lending giant Aave has deployed on the Aptos blockchain, its first expansion beyond Ethereum-compatible networks. The move required rewriting the protocol in the Move programming language and gives Aptos users access to Aave’s market, which manages about $70 billion in deposits across chains.
To accelerate adoption, the Aptos Foundation is funding liquidity rewards for depositors and borrowers. Demand proved brisk: initial supply caps were reached in less than a day, prompting the protocol’s governance to lift limits to $1 million per asset.
The Aptos rollout integrates Chainlink price-feed oracles to secure collateral valuations, extending a collaboration that already underpins Aave’s markets on other chains. The launch underscores both Aave’s strategy to diversify beyond Ethereum infrastructure and Aptos’s push to attract flagship decentralized-finance applications.
Key Market Data Highlights
BitMine Surged into the Top-20 Most Traded U.S. Stocks After Revealing an Ethereum Treasury Strategy
BitMine, an Ethereum-focused firm, announced that its shares have become one of the most heavily traded equities in the United States.
In August, 25 disclosure, the company referenced Fundstrat data showing that its stock recorded an average daily trading volume of $2.8 billion over the five trading days ending Aug. 24.
That figure placed BitMine 20th nationwide, behind Coinbase at 19th, while surpassing JPMorgan at 27th and Palo Alto Networks at 21st out of more than 5,700 publicly listed companies.
This surge in trading activity coincides with the company’s pivot toward Ethereum. Market data from Google Finance indicates that BitMine’s stock soared nearly 1,000% during the transition, reaching a peak of $135 before retreating to $53.49 at the latest check.
Beyond market performance, BitMine is also accelerating its accumulation of Ethereum. The firm revealed that, as of Aug. 24, it controlled 1.71 million ETH, valued at $4,808 per token at the time of reporting. Its balance sheet also included 192 BTC and $562 million in available cash, bringing total holdings to $8.82 billion.
Whale Wallets Increase Their Holdings in August, with a Continued Net Inflow of Major Funds into Bitcoin and Ethereum.
According to Santiment data, since August, 13 new Bitcoin addresses have held over 1,000 Bitcoin, while 48 Ethereum addresses have held over 10,000 Bitcoin. This indicates that despite market price fluctuations, large holders (whales) are steadily increasing their holdings. Bitcoin has rebounded above 111,000 USDT, and Ethereum has also risen above 4,600 USDT, coinciding with the growth of whale wallets, suggesting that major investors are actively building positions.
From a behavioral perspective, these large wallets typically have longer investment horizons and strategic intentions. Their increasing number often indicates positive market sentiment and optimism about the medium- to long-term outlook. Continued accumulation, particularly during periods of high volatility, may reflect strong expectations for future market growth. Meanwhile, Ethereum's growth rate has significantly outpaced Bitcoin's, indicating that Ethereum, driven by multiple positive factors such as on-chain staking, increased ETF exposure, and ecosystem expectations, is attracting greater interest and funding from whales.
Strategy Acquired 430 more Bitcoin for $51.4 million, bringing its total holdings to 629,376 BTC.
The company’s BTC acquisitions in August have been relatively slim. Strategy typically acquires thousands or tens of thousands of BTC in every purchase, yet it has only acquired 585 BTC so far, in two separate transactions, this month.
Strategy leads the charge in corporate BTC acquisition and is the largest BTC treasury company by a wide margin. Saylor continues to advocate for Bitcoin by orange-pilling individual investors and financial institutions, sparking a movement in corporate finance.
Shirish Jajodia, the company’s corporate treasurer, recently told podcaster Natalie Brunell that Strategy does not move the BTC market with its purchases. The company acquires BTC through over-the-counter transactions, private agreements between parties that occur outside of spot exchanges, and other methods that do not impact market prices.
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Token Unlocks Next Week
Tokenomist data indicates that from August 22–29, 2025, several major token unlocks are scheduled. Some of them are:
Optism (OP): Date: August 31. Tokens Unlocked: 22,24M OP (1.9% of circulating supply)
Ethena (ENA): Date: September 1. Tokens Unlocked: 25.74M ENA (0.64% of circulating supply)
IOTA (IOTA): Date: September 2. Tokens Unlocked: 3M ENA (0.42% of circulating supply)
References:
CoinGecko. (2025).
Cryptocurrency categories and market data.
https://www.coingecko.com/en/categories
CoinGlass. (2025).
Liquidation data and market analytics.
https://www.coinglass.com/LiquidationData
CoinMarketCap. (2025).
Cryptocurrency prices, charts, and market capitalizations.
https://coinmarketcap.com/
Etherscan. (2025).
Ethereum gas tracker.
https://etherscan.io/gastracker
Farside Investors. (2025).
Bitcoin and Ethereum ETF flow tracker.
https://farside.co.uk/btc/
RootData. (2025).
Crypto fundraising and venture capital database.
https://www.rootdata.com/Fundraising
Tokenomist. (2025).
Token vesting and unlock analytics.
https://tokenomist.ai/
Milk Road. (2025, August 21).
Ethereum gas fees. Milkroad.
https://milkroad.com/ethereum/gas/
Bloomberg News. (2025, August 27).
Circle and Paxos trial "know your issuer" tech to weed out copycats. Bloomberg.
https://www.bloomberg.com/news/articles/2025-08-27/circle-paxos-trial-know-your-issuer-tech-to-weed-out-copycats
Bursztynsky, J. (2025, August 26).
Trump media and crypto.com seal US$6.4 billion CRO treasury deal
. Yahoo Finance. https://finance.yahoo.com/news/trump-media-crypto-com-launch-201543715.html
ConsenSys. (2025, August 25).
Aave has launched on the Aptos blockchain, marking its first move outside Ethereum-compatible networks
. The Defiant. https://thedefiant.io/news/defi/aave-expands-to-aptos-first-move-off-ethereum-2ae1f9f6
Finbold. (2025, August 25).
BitMine surged into the top-20 most traded U.S. stocks after revealing an Ethereum treasury strategy
. Yahoo Finance. https://finance.yahoo.com/news/bitmine-volume-rockets-top-20-142049190.html
Vince, V. (2025, August 24).
Saylor signals third consecutive Strategy Bitcoin buy in August
. Cointelegraph. https://cointelegraph.com/news/saylor-third-strategy-bitcoin-buy-august
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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