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<h1>Coinstash Integrates with BGL to Simplify SMSF Crypto Reporting</h1>Brisbane, Australia - August 13, 2025 - Coinstash, one of Australia’s leading cryptocurrency SMSF investment platforms, has announced a new integration with BGL Corporate Solutions, the country’s leading provider of SMSF administration and compliance software.This new integration automates the flow of cryptocurrency transaction data from Coinstash to BGL’s SMSF administration solution, Simple Fund 360 and accounting, investment and tax solution, Simple Invest 360. Transaction data is automatically mapped to wallet addresses, enabling real-time asset balance syncing and eliminating the need for manual crypto data entry.“At Coinstash, we’re focused on making digital asset investing as seamless, easy, and compliant as possible for the SMSF community,” said Simon Ho, Head of SMSF Strategy at Coinstash. “Our integration with BGL’s Simple Fund 360 empowers trustees and advisers with automated data flows, simplified reporting, and greater portfolio transparency. It’s a meaningful step forward in bridging traditional SMSF workflows with the evolving world of crypto.”“We’re incredibly excited to partner with Coinstash, a platform trusted by thousands of SMSF investors,” said BGL’s Chief Executive Officer, Daniel Tramontana. “This integration simplifies digital asset administration for our clients by eliminating the need for manual crypto data entry. The integration imports all purchases, sales, deposits, and withdrawals, and automatically maps data to wallet addresses, allowing syncing of crypto asset balances. This removes manual work for accountants and advisers, streamlining digital asset reporting and improving accuracy across SMSF, company, individual, and trust portfolios.”With more than 50,000 Australians investing through Coinstash and a rapidly growing SMSF client base, the integration reflects Coinstash’s commitment to removing friction from digital asset investing while supporting accountants, advisers, and trustees with accurate, efficient reporting tools.Coinstash will also be a Platinum Sponsor of BGL REGTECH 2025, BGL’s premier accounting and technology roadshow taking place from 5 – 21 August 2025 across Australia. Attendees will have the opportunity to learn more about the integration and explore the future of accounting and crypto technology.For more information about Coinstash’s SMSF services, visit <a href="http://www.coinstash.com.au/smsf" rel="noopener noreferrer" target="_blank">www.coinstash.com.au/smsf</a> For more information and to get tickets for BGL REGTECH 2025, visit<a href="https://www.bglregtech.com" rel="noopener noreferrer" target="_blank"> www.bglregtech.com</a>.<h2>About Coinstash</h2>Founded in 2017, Coinstash is Australia’s leading cryptocurrency SMSF investment platform, helping over 50,000 Australians securely invest in crypto. With industry-leading security and a comprehensive suite of investor-focused products and services such as SMSF auditor-friendly 30 June reports and dedicated support, Coinstash is the trusted partner for SMSFs navigating the crypto market. For more information, please visit <a href="http://coinstash.com" rel="noopener noreferrer" target="_blank">coinstash.com</a>.<h2>About BGL</h2>With 35+ years of experience and ISO 270001 certification, BGL Corporate Solutions delivers innovative, multi-award winning company compliance, self-managed superannuation fund, investment management, identity verification and AI powered paper-to-data software solutions to 12,700+ businesses maintaining 1.5 million+ entities worldwide.For more information, please visit <a href="http://www.bglcorp.com" rel="noopener noreferrer" target="_blank">www.bglcorp.com</a>.<h3>About BGL REGTECH 2025</h3>BGL REGTECH 2025 is BGL’s premier annual accounting and technology roadshow taking place from 5 - 21 August 2025 in Brisbane, Gold Coast, Sydney, Adelaide, Perth, Hobart and Melbourne. For more information and to get tickets, please visit <a href="http://www.bglregtech.com" rel="noopener noreferrer" target="_blank">www.bglregtech.com</a>.<h3> </h3><h3>Media Enquiries</h3>Chris GrahamHead of Content, Coinstashchris.g@coinstash.com.au

Coinstash Integrates with BGL to Simplify SMSF Crypto Reporting

<h1>Markets Rally as Trump Opens 401(k)s to Crypto</h1><h2>Market Highlights</h2><ul><li>Trump Opens Retirement Plans to Crypto: Trump’s executive order paves the way for trillions in 401(k) assets to gain exposure to Bitcoin and other digital assets.</li><li>Regulatory Green Light for Liquid Staking: SEC clarification that liquid-staking protocols are not securities fuelled a surge in Ethereum and DeFi governance tokens.</li><li>ETH ETFs Outpace BTC Again: US spot ETH ETFs saw US$326 million in net inflows, topping Bitcoin ETF flows for the second week in a row.</li><li>DeFi Tokens Surge: LDO, AERO, MNT, and ENA ranked among this week’s top performers, fuelled by strong market sentiment.</li></ul><h2>Market Overview</h2>Crypto markets roared higher this week as two pivotal US policy developments opened new channels for institutional and retail adoption.Early in the week, the US Securities and Exchange Commission clarified that liquid-staking protocols and their receipt tokens generally do not constitute securities under US law — a ruling widely viewed as a green light for decentralised, non-custodial staking. The decision fuelled a surge in Ethereum and related DeFi protocols, many of which ranked among the week’s top performers.Later, momentum accelerated when President Donald Trump signed an executive order opening trillions of dollars in 401(k) retirement plan assets to a wider range of investments, including cryptocurrencies. The move creates a direct channel for Bitcoin and other digital assets to enter mainstream retirement portfolios.Together, these catalysts sparked a decisive shift in sentiment, sending Ethereum to multi-month highs, lifting Bitcoin, and driving broad-based gains across large-cap altcoins as risk appetite returned in force.<h2>Bitcoin (BTC)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeNqDr561U40utIPrSdZyeiRvaCtCJI9CAGAdCsG8J1xKENU7wdXgQCxJUovxtejLYEiFEWaUYcH87SEmCBk52HCUDah3Qpa3lks5sFrb8SsE785OqFKDOpv-ozwpUdZiNAQmW3Ew?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/btc/buy" rel="noopener noreferrer" target="_blank">Bitcoin (BTC)</a> returned to the green this week, rising +4.15% to close near US$119,000. After a choppy start, the rally gained traction into the weekend following news that President Donald Trump had signed an executive order permitting 401(k) retirement plans to hold Bitcoin and other crypto assets.ETF Inflows: US spot BTC ETFs saw US$246.75 million in net inflows for the week, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. While early-week outflows weighed on sentiment, flows reversed sharply toward the end of the week as investor confidence improved alongside broader market strength.Corporate Treasury Demand: Regulatory filings <a href="https://decrypt.co/334366/harvard-116-million-blackrock-bitcoin-etf" rel="noopener noreferrer" target="_blank">revealed</a> that Harvard Management Company, which oversees the university’s endowment, holds US$116 million in BlackRock’s iShares Bitcoin Trust — a notable sign of institutional adoption from one of the world’s most prestigious academic institutions.<h2>Ethereum (ETH)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdpoex-g9dXwANgTriMkRdUAN19xa-6tkcGQNZ_S2WrC8Z3ouaxUFi1jKk7oFDwxrFYjj6C3bn9JMH-MnGiY5zKrYrMOo_lV1EKrgnIdxuhWxbqK0IsV--iGqzeIZQRak5yj_iikg?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/eth/buy" rel="noopener noreferrer" target="_blank">Ethereum (ETH</a>) season is heating up. After last week’s pullback, ETH rebounded with a +21.45% gain, breaking above US$4,000 for the first time in eight months and closing at US$4,251 — its highest level since December 2021. Clearing the US$4,000 resistance triggered US$207 million in short liquidations, accelerating upward momentum shortly after.The rally was underpinned by regulatory clarity after the SEC’s Division of Corporation Finance <a href="https://www.coindesk.com/business/2025/08/06/defi-cheers-as-sec-affirms-liquid-staking-protocols-aren-t-securities" rel="noopener noreferrer" target="_blank">confirmed</a> that properly structured liquid-staking protocols and their receipt tokens generally do not constitute securities under US law. Ethereum network transactions surged to <a href="https://www.theblock.co/post/365926/daily-transactions-ethereum-all-time-high" rel="noopener noreferrer" target="_blank">record highs</a>, supported by increased staked ETH and renewed market confidence.ETF Inflows: US spot ETH ETFs outpaced BTC products for the second consecutive week, attracting US$326 million in net inflows, according to <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>. After a sharp US$465 million outflow on Monday, flows turned positive for the remainder of the week, with Friday alone seeing US$461 million in inflows.Corporate Treasury Demand: SharpLink Gaming <a href="https://www.coindesk.com/business/2025/08/07/sharplink-raises-usd200m-in-direct-offering-to-raise-eth-holdings-to-usd2b" rel="noopener noreferrer" target="_blank">announced</a> it had raised US$200 million to expand its ETH holdings, lifting its total position to more than US$2 billion.<h2>Altcoins</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfMpRlAHIdgA9N4KGiq0oMaYC0SJraXbbaO5Zy228EoNIntU4sm_gJ8k1Cf0vUcYM6imtohU4wFlrXagh3x-rTS-k82R1zpp9MbauaqfdxJGTvws0yXLvzGF8mMRXOJKTDCGeBMOg?key=85fvr1Pb3K8S6p7EpYLZsQ">Large-cap altcoins rallied this week as market sentiment turned positive, with all majors finishing in the green.<a href="https://coinstash.com.au/doge/buy" rel="noopener noreferrer" target="_blank">Dogecoin (DOGE)</a> led the pack, jumping +17.66% to recover from last week’s losses. <a href="https://coinstash.com.au/sol/buy" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> followed with a +12.77% gain, while <a href="https://coinstash.com.au/ada/buy" rel="noopener noreferrer" target="_blank">Cardano (ADA)</a> rose +10.16% and <a href="https://coinstash.com.au/xrp/buy" rel="noopener noreferrer" target="_blank">XRP (XRP)</a> added +8.11% amid the broader market recovery. <a href="https://coinstash.com.au/bnb/buy" rel="noopener noreferrer" target="_blank">Binance Token (BNB)</a> climbed +7.37%, and <a href="https://coinstash.com.au/trx/buy" rel="noopener noreferrer" target="_blank">Tron (TRX)</a> advanced +3.31%, marking its seventh consecutive week of gains.<h3>Biggest Gainers:</h3><ul><li>Lido (LDO) +56.80%: <a href="https://coinstash.com.au/ldo/buy" rel="noopener noreferrer" target="_blank">LDO</a> surged on renewed interest in Ethereum staking, boosted by the US SEC’s recent <a href="https://www.coindesk.com/business/2025/08/06/defi-cheers-as-sec-affirms-liquid-staking-protocols-aren-t-securities" rel="noopener noreferrer" target="_blank">affirmation</a> that liquid staking protocols are not securities. As the largest liquid staking provider on Ethereum, with <a href="https://defillama.com/protocol/lido" rel="noopener noreferrer" target="_blank">US$38.4 billion in TVL</a>, Lido has seen growing demand for liquid staking derivatives like stETH.</li><li>Aerodrome (AERO) +51.66%: <a href="https://coinstash.com.au/aero/buy" rel="noopener noreferrer" target="_blank">AERO</a> rallied after Coinbase <a href="https://www.coinbase.com/en-au/blog/coinbase-unlocks-millions-of-assets-with-dex-trading" rel="noopener noreferrer" target="_blank">enabled</a> in-app DEX trading for Base-native assets, expanding access to projects on the network. As the largest decentralised exchange on Base, with over <a href="https://defillama.com/protocol/aerodrome" rel="noopener noreferrer" target="_blank">US$600 million in total value locked</a>, Aerodrome stands to benefit directly from the increased visibility and trading activity.</li><li>Mantle (MNT) +45.28%: <a href="https://coinstash.com.au/mnt/buy" rel="noopener noreferrer" target="_blank">MNT</a> posted strong gains on the back of surging network activity and strategic initiatives from its team. Daily active addresses have risen more than 1,600% over the past month, supported by a <a href="https://defillama.com/chain/mantle" rel="noopener noreferrer" target="_blank">25% increase</a> in stablecoin liquidity to US$650 million and the <a href="https://group.mantle.xyz/" rel="noopener noreferrer" target="_blank">launch</a> of UR — a crypto-first neobank designed to bridge traditional and decentralised finance. Mantle also strengthened its position with a US$392 million ETH <a href="https://x.com/Mantle_Official/status/1950201251867820099" rel="noopener noreferrer" target="_blank">allocation</a> to its new Strategic ETH Reserve, making it the eighth-largest known ETH holder.</li><li>Ethena (ENA) +34.07%: <a href="https://coinstash.com.au/ena/buy" rel="noopener noreferrer" target="_blank">ENA</a> has remained one of the market’s strongest performers since the signing of the GENIUS Act, which created favourable regulatory tailwinds for its synthetic dollar stablecoin. This boost has driven USDe’s rapid rise to a <a href="https://defillama.com/protocol/ethena-usde" rel="noopener noreferrer" target="_blank">record US$10 billion TVL</a>. Despite major token unlocks on 5 August, demand for ENA has held firm, supported by sustained whale accumulation and a <a href="https://x.com/ethena_labs/status/1947286869341016116" rel="noopener noreferrer" target="_blank">US$260 million token buyback programme</a>.</li></ul><h3>Biggest Losers:</h3><ul><li>Qubic (QUBIC) -14.49%: <a href="https://coinstash.com.au/qubic/buy" rel="noopener noreferrer" target="_blank">QUBIC</a> fell ahead of its <a href="https://www.tradingview.com/news/coinmarketcal:eefd5ebff094b:0-qubic-qubic-halving-20-aug-2025/" rel="noopener noreferrer" target="_blank">first halving on 20 August</a>, which will cut weekly emissions nearly in half through an increased burn rate. Miners and holders appear to be selling in anticipation. Sentiment was further weighed by an <a href="https://qubic.org/blog-detail/epoch-172-recap-the-monero-experiment" rel="noopener noreferrer" target="_blank">alleged DDoS attack</a> that reduced pool hashpower from 2.6 GH/s to 0.8 GH/s.&nbsp;</li><li>Toncoin (TON) -6.34%: <a href="https://coinstash.com.au/ton/buy" rel="noopener noreferrer" target="_blank">TON</a> fell over 6% despite <a href="https://au.investing.com/news/cryptocurrency-news/verb-closes-558-million-private-placement-for-toncoin-treasury-strategy-432SI-3968895" rel="noopener noreferrer" target="_blank">news</a> that Verb Technology is raising US$558 million and rebranding as TON Strategy Co., becoming the first public company to hold Toncoin as a treasury asset. The drop suggests a “sell the news” reaction, with some investors likely taking profits immediately after the announcement.</li></ul><h2>ICYMI - The Week in Crypto News</h2>Here are a few key stories you may have missed:<ul><li>Trump’s Executive Order on Crypto in 401(k)s: President Trump <a href="https://www.whitehouse.gov/presidential-actions/2025/08/democratizing-access-to-alternative-assets-for-401k-investors/" rel="noopener noreferrer" target="_blank">signed</a> an executive order allowing crypto and private assets in 401(k) retirement plans, marking a significant step toward integrating digital assets into mainstream retirement portfolios and expanding access for millions of Americans.</li><li>US Crypto Policy Shifts: The White House released its first comprehensive crypto policy report alongside the SEC’s <a href="https://www.sec.gov/about/sec-launches-project-crypto" rel="noopener noreferrer" target="_blank">launch</a> of “Project Crypto”, a sweeping initiative to modernise financial regulations. The plan seeks to establish clearer, innovation-friendly frameworks for securities, stablecoins, NFTs, and commodities, aiming to bring greater regulatory clarity to the digital asset sector.</li><li>Ripple Five-Year SEC Battle Ends: A federal judge fined Ripple US$125 million and closed the five-year SEC lawsuit, clearing a major regulatory cloud over XRP. The decisive <a href="https://www.reuters.com/legal/government/sec-ends-lawsuit-against-ripple-company-pay-125-million-fine-2025-08-08/#:~:text=NEW%20YORK%2C%20Aug%208%20(Reuters,cryptocurrency%20industry's%20highest%2Dprofile%20lawsuits." rel="noopener noreferrer" target="_blank">outcome</a> strengthens Ripple’s position in the US market and could pave the way for clearer legal precedents benefiting the wider crypto industry.</li><li>Chainlink Announces LINK Reserve: Chainlink <a href="https://blog.chain.link/chainlink-reserve-strategic-link-reserve/" rel="noopener noreferrer" target="_blank">unveiled</a> a Strategic LINK Reserve funded by revenue from its on- and off-chain services. The reserve will support long-term ecosystem growth, including incentives for data providers and staking rewards.&nbsp;</li><li>Ethena Labs’ USDe Hits US$10B TVL: USDe has become the fastest-growing stablecoin in history, <a href="https://x.com/gdog97_/status/1954154359920710089" rel="noopener noreferrer" target="_blank">surpassing</a> US$10 billion in total value locked in just 500 days. Momentum has accelerated in the wake of the GENIUS Act’s approval, which has provided significant tailwinds for the stablecoin market and boosted demand for USDe’s yield-generating model.</li><li>Pendle TVL Hits Record US$8.3B After Boros Launch: Pendle’s <a href="https://defillama.com/protocol/pendle" rel="noopener noreferrer" target="_blank">total value locked surged</a> to an all-time high of US$8.27 billion following the <a href="https://www.coindesk.com/markets/2025/08/06/pendle-lets-crypto-traders-bet-on-bitcoin-and-ether-funding-rates-with-boros-platform" rel="noopener noreferrer" target="_blank">debut</a> of Boros, its new yield-trading platform. Boros enables traders to take long or short positions on funding rates and has driven a sharp increase in deposits and on-chain activity since launch.</li><li>Harvard Reveals US$116M BlackRock Bitcoin ETF Position: Regulatory filings <a href="https://decrypt.co/334366/harvard-116-million-blackrock-bitcoin-etf" rel="noopener noreferrer" target="_blank">show</a> that Harvard Management Company, which manages the university’s endowment, holds US$116 million in BlackRock’s iShares Bitcoin Trust. Brown University also increased its stake to US$13 million, signalling growing institutional adoption of Bitcoin among elite US universities.</li><li>WIF Hat Sells for US$792,696: The knitted hat from the Solana meme coin <a href="https://coinstash.com.au/wif/buy" rel="noopener noreferrer" target="_blank">Dogwifhat</a> <a href="https://decrypt.co/334226/dogwifhat-knitted-hat-sells-for-800000-to-founder-of-meme-coin-launchpad" rel="noopener noreferrer" target="_blank">fetched</a> nearly US$800K at auction. The winning bidder plans to return the hat “to the community”, cementing its status as a piece of crypto pop culture.</li></ul><h2>Looking Forward - The Week Ahead</h2>Key upcoming events to watch:<ul><li>US Inflation Data Release (12 August): July’s Consumer Price Index (CPI) report is <a href="https://www.bls.gov/news.release/cpi.nr0.htm" rel="noopener noreferrer" target="_blank">due</a>, with forecasts pointing to 2.9% headline inflation and 3.0% core inflation. Softer-than-expected figures could support risk assets like Bitcoin, while higher readings may weigh on sentiment.</li><li>APT Token Unlock (August 12): Approximately US$53.6 million worth of APT tokens (2.20% of circulating supply) will be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">unlocked</a>, which could spark short-term price swings.</li><li>US Producer Price Index Release (14 August): Coming on the heels of the CPI report, the <a href="https://www.bls.gov/schedule/news_release/ppi.htm" rel="noopener noreferrer" target="_blank">PPI data</a> will shed light on wholesale inflation trends and may play a key role in shaping market expectations for the Federal Reserve’s next policy decision.</li><li>FTX Distribution (15 August): FTX is set to <a href="https://support.ftx.com/hc/en-us/articles/34522100742804-Distributions-Dashboard-FAQs" rel="noopener noreferrer" target="_blank">distribute</a> US$1.9 billion in cash to creditors, a move that may indirectly influence market flows depending on how recipients deploy funds.</li><li>Sharplink Gaming Earnings Call (15 August): Sharplink Gaming, the ETH treasury firm, will <a href="https://investors.sharplink.com/sharplink-to-host-second-quarter-2025-conference-call-and-webcast-on-august-15-2025-at-830-am-e/" rel="noopener noreferrer" target="_blank">release</a> its quarterly earnings. Any commentary on its crypto holdings could be noteworthy for ETH sentiment.</li><li>ARB Token Unlock (16 August): Approximately US$43.88 million worth of ARB tokens (2.04% of circulating supply) will be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">released</a>, potentially adding to supply-side pressure.</li><li>FTN Token Unlock (18 August): With US$91.4 million in FTN (4.64% of circulating supply) scheduled for <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">release</a>, the sizable unlock poses a risk of selling pressure if holders choose to cash out.</li></ul> Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!

Disclaimer: This article and its contents are intended for informational purposes only, and do not constitute financial, investment, trading or any other advice from TWMT Pty Ltd, trading as Coinstash AU ("Coinstash"). Coinstash is not a licensed financial advisor and does not provide financial advice. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this webinar or relevant materials without undertaking independent due diligence and consultation with a professional financial adviser. The information presented in this article may be inaccurate and no representations are made as to its truthfulness or accuracy. The views and opinions expressed in the quoted material are those of the original authors and do not necessarily reflect the views of Coinstash. All quotes have been used for informational purposes and have been attributed to their respective sources to the best of our ability. You understand that you are using any and all information available in or through this webinar or relevant materials at your own risk. Cryptocurrency is a highly volatile and risky investment. You should consider seeking financial, legal, tax or other professional advice to check how the information relates to your unique circumstances. Coinstash shall not be held responsible or liable for any losses, whether due to negligence or otherwise, stemming from the use of, or reliance upon, the information provided directly or indirectly in this article.﻿

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Weekly Market Pulse - August 11, 2025

Weekly Market Pulse - 11/08/25

<h1>Macro and Tariff Tensions Trigger Broad Market Pullback</h1><h2>Market Highlights</h2><ul><li>Tariff Shock Sparks Sell-Off: Global risk appetite soured after President Trump unveiled sweeping new tariffs, triggering a wave of liquidations across crypto markets.</li><li>ETH Ends Its Weekly Winning Streak: ETH closed in the red this week, snapping a five-week rally that had seen it surge more than 50% through July.</li><li>ETF Flows Diverge: ETH ETFs attracted US$154 million in net inflows, while Bitcoin ETFs saw US$643 million in outflows.</li><li>Memecoins Lead the Losses: High-flying memecoins like USELESS, FARTCOIN, and MOG plunged over 30% as traders rotated out of speculative assets.</li></ul><h2>Market Overview</h2>Crypto markets saw their first major pullback in over a month last week, as geopolitical tensions and renewed macro uncertainty triggered a wave of risk-off sentiment. The sharpest moves came on Friday, following a series of developments that rattled investor confidence.President Trump <a href="https://www.whitehouse.gov/presidential-actions/2025/07/further-modifying-the-reciprocal-tariff-rates/" rel="noopener noreferrer" target="_blank">unveiled</a> sweeping new tariffs on dozens of countries, ranging from 10% to 41%, reigniting inflation concerns and casting doubt on the Federal Reserve’s rate-cut outlook. The announcement followed a weaker-than-expected U.S. jobs <a href="https://www.coindesk.com/markets/2025/08/01/u-s-added-just-73k-jobs-in-july-unemployment-rate-rose-to-4-2" rel="noopener noreferrer" target="_blank">report</a> and controversial claims from Trump accusing the Bureau of Labor Statistics of political bias.Later that day, markets were further shaken when Trump <a href="https://apnews.com/article/trump-nuclear-submarines-repositioned-medvedev-f8e9b870fa107f6b6209e7a22f8ada43" rel="noopener noreferrer" target="_blank">revealed</a> he had ordered the repositioning of two U.S. nuclear submarines in response to Russian rhetoric—an unverified move that added a layer of geopolitical risk.The fallout hit crypto hard. Bitcoin (BTC) and Ethereum (ETH) saw a combined US$490 million in long liquidations within 24 hours, according to <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer" target="_blank">CoinGlass</a>, as leveraged positions were rapidly unwound.The pullback follows a record-breaking July: Bitcoin gained 8% and reached new all-time highs, Ethereum surged over 50%, and spot crypto ETFs attracted a record US$12.8 billion in net inflows.<h2>Bitcoin (BTC)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXemv6howGOJdpSzXHNrHy2meJlVC7TK7tYt43y6FNvDslX0UY7rRI9os6zK0ree8GhCzcL7eQd7LlCgqh3sF6qAtjP74rcWOHPQc6-qgnmFuGs5AiAOGw1Hv0UB4060ZtzxcYdq?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/btc/buy" rel="noopener noreferrer" target="_blank">Bitcoin (BTC)</a> declined –4.26% this week, closing near US$114,000 as profit-taking and tariff-related macro pressures weighed on sentiment. Despite the weekly drop, BTC achieved its highest monthly close ever, underscoring the strength of its broader uptrend.ETF activity reflected growing caution. According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>, spot Bitcoin ETFs recorded US$643 million in net outflows over the week, with Friday alone accounting for US$812 million—one of the largest single-day outflows to date. The scale of redemptions points to a temporary shift in institutional sentiment as traders reassess positioning into the new month.However, corporate interest in Bitcoin remains robust. Japanese investment firm Metaplanet <a href="https://x.com/Metaplanet_JP/status/1951178346240295004" rel="noopener noreferrer" target="_blank">filed</a> to raise US$3.7 billion through preferred shares to support its long-term goal of acquiring 210,000 BTC by 2027. Meanwhile, Strategy (MSTR), the largest corporate holder of Bitcoin, <a href="https://www.sec.gov/Archives/edgar/data/1050446/000119312525170517/d826419d424b5.htm" rel="noopener noreferrer" target="_blank">disclosed plans</a> to raise up to US$4.2 billion via a new preferred stock issuance. This follows its recent US$2.5 billion “stretch” capital raise and reinforces the firm’s commitment to long-term Bitcoin accumulation.<h2>Ethereum (ETH)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd4bLxJLD4Wf3It3lyi9ZY_Y_dbKCLhPypOfEV7KQR3xzicS1pYc5JRnsyYDcvi06c5JqWL6gIFB7hwc_5ZYz81sz7a8ePeVfkWqKgm8r7kNO3eRwYOn84osTEIc7KU8QWU5Wc6Fw?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/eth/buy" rel="noopener noreferrer" target="_blank">Ethereum (ETH)</a> ended its five-week winning streak, falling –9.67% to close the week near US$3,500. After dipping to a low of US$3,360 on Saturday, buyers stepped in to defend the key US$3,500 support level. The pullback follows a +50% surge in July—ETH’s strongest monthly performance since 2022—and is unsurprising at month-end, as investors locked in profits amid renewed macro uncertainty and tariff-related market jitters.Despite the price decline, institutional demand remained resilient. Spot ETH ETFs recorded US$154 million in net inflows for the week, according to <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>, with Friday the only day of outflows. The consistent interest reflects ongoing conviction in Ethereum’s long-term potential.On the corporate front, Ether Machine <a href="https://decrypt.co/332907/the-ether-machine-becomes-third-largest-ethereum-holder-with-56-9m-eth-buy" rel="noopener noreferrer" target="_blank">added</a> 15,000 ETH to its treasury last week—coinciding with Ethereum’s 10-year anniversary. This purchase lifted its total holdings to US$1.28 billion, making it the third-largest known ETH holder globally. SharpLink Gaming also added to its position, buying an <a href="https://www.mitrade.com/au/insights/news/live-news/article-3-1008140-20250804" rel="noopener noreferrer" target="_blank">additional</a> US$100 million worth of ETH during the dip.<h2>Altcoins</h2>Altcoins saw broad-based declines this week as risk sentiment deteriorated across the board. Meme coins and retail favourites were hit hardest, while only a few names managed to hold steady.Among the market’s top 10 large caps, <a href="https://coinstash.com.au/trx/buy" rel="noopener noreferrer" target="_blank">Tron (TRX)</a> was the lone standout, rising +2.80%. Notably, this marks its sixth straight week of gains, with the network continuing to build quiet but consistent momentum.<a href="https://coinstash.com.au/doge/buy" rel="noopener noreferrer" target="_blank">Dogecoin (DOGE)</a> was the weakest performer, falling –17.43% amid a broader memecoin correction and fading speculative interest.<a href="https://coinstash.com.au/bnb/buy" rel="noopener noreferrer" target="_blank">Binance Token (BNB)</a> dropped –10.97%, reversing last week’s rally as profit-taking took hold. <a href="https://coinstash.com.au/sol/buy" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> declined –14.14%, while <a href="https://coinstash.com.au/ada/buy" rel="noopener noreferrer" target="_blank">Cardano (ADA)</a> and <a href="https://coinstash.com.au/xrp/buy" rel="noopener noreferrer" target="_blank">XRP (XRP)</a> fell –12.64% and –8.96% respectively. The pullback reflects a broader shift in risk appetite, as traders locked in profits following a strong month of performance.<h3>Biggest Gainers:</h3><ul><li>Zebec Network (ZBCN) +27.73%: <a href="https://coinstash.com.au/zbcn/buy" rel="noopener noreferrer" target="_blank">ZBCN</a> extended its rally this week, driven by growing investor interest in real-world asset platforms. Ongoing treasury-funded buybacks continued to support upward price momentum.</li><li>Qubic (QUBIC) +20.02%: <a href="https://coinstash.com.au/qubic/buy" rel="noopener noreferrer" target="_blank">QUBIC</a> recorded a fourth straight weekly gain, fuelled by excitement over its upcoming QSwap DEX and a deflationary token burn model.</li><li>Conflux (CFX) +16.14%: <a href="https://coinstash.com.au/cfx/buy" rel="noopener noreferrer" target="_blank">CFX</a> gained momentum ahead of the Conflux 3.0 upgrade in early August, which promises 15,000 TPS and support for AI agents.</li></ul><h3>Biggest Losers:</h3>Meme coins bore the brunt of this week’s market pullback, as fading risk appetite prompted a rotation out of high-volatility assets. Several of the market’s recent top performers were among the hardest hit:<ul><li><a href="https://coinstash.com.au/useless/buy" rel="noopener noreferrer" target="_blank">Useless Coin (USELESS)</a> -32.89%</li><li><a href="https://coinstash.com.au/fartcoin/buy" rel="noopener noreferrer" target="_blank">Fartcoin (FARTCOIN)</a> -30.95%</li><li><a href="https://coinstash.com.au/mog1/buy" rel="noopener noreferrer" target="_blank">Mog Coin (MOG)</a> -28.74%</li></ul><h2>ICYMI - The Week in Crypto News</h2>Here are a few key stories you may have missed:<ul><li>White House Working Group Releases Crypto Report: The U.S. President’s Working Group on Digital Asset Markets has <a href="https://www.theblock.co/post/363994/white-houses-working-group-releases-lengthy-crypto-report-including-legislative-proposals-crypto-stockpile-details" rel="noopener noreferrer" target="_blank">released</a> what is being described as the most comprehensive U.S. crypto policy document to date. It follows a six-month review triggered by an executive order signed by President Trump in January.</li><li>Trump Media Confirms $2B Bitcoin Treasury: In its Q2 2025 earnings, Trump Media (DJT) <a href="https://www.coindesk.com/markets/2025/08/03/trump-media-confirms-usd2b-bitcoin-treasury-and-usd300m-options-strategy-in-q2-2025-earnings-report" rel="noopener noreferrer" target="_blank">revealed</a> it holds $2 billion in Bitcoin and related securities, including a $300 million options-based BTC strategy.</li><li>Ether Machine Becomes Third Largest Ethereum Holder: Institutional crypto fund Ether Machine <a href="https://decrypt.co/332907/the-ether-machine-becomes-third-largest-ethereum-holder-with-56-9m-eth-buy" rel="noopener noreferrer" target="_blank">acquired</a> 15,000 ETH last week, bringing its total holdings to $1.28 billion. This makes it the third largest Ethereum treasury globally, behind Bitmine Immersion Tech and SharpLink Gaming.</li><li>Ethena Foundation Completes 83M ENA Buyback: Ethena Labs <a href="https://x.com/EthenaFndtn/status/1949191161375273241" rel="noopener noreferrer" target="_blank">confirmed</a> it has completed the purchase of 83 million ENA tokens as part of its ongoing buyback initiative, executed through a foundation subsidiary.</li><li>Maple Governance Approves SYRUP Buyback Boost: Governance proposal MIP-018 <a href="https://x.com/maplefinance/status/1950302668028559714" rel="noopener noreferrer" target="_blank">passed</a>, increasing monthly SYRUP buybacks to 25% of protocol revenue, enhancing value capture for Maple stakers.</li><li>MetaMask Launches Stablecoin Yield in Partnership with Aave: MetaMask has <a href="https://x.com/MetaMask/status/1949888912647966752" rel="noopener noreferrer" target="_blank">introduced</a> a new feature allowing users to earn yield on stablecoin deposits via the Aave protocol, expanding access to decentralised lending.</li><li>Pendle Expands to HyperEVM: Pendle has <a href="https://x.com/pendle_fi/status/1950526842634703177" rel="noopener noreferrer" target="_blank">launched</a> on HyperEVM, bringing its fixed-yield DeFi infrastructure to the growing EVM-compatible chain.</li><li>Aave Reduces Token Emissions by 25%: The Aave DAO <a href="https://app.aave.com/governance/v3/proposal/?proposalId=342" rel="noopener noreferrer" target="_blank">approved</a> a proposal to reduce AAVE emissions to stkAAVE and stkABPT holders by 25%, aiming to cut inflation and strengthen protocol sustainability.</li></ul><h2>Looking Forward - The Week Ahead</h2>Key upcoming events to watch:<ul><li>ChatGPT-5 Launch (Early August): OpenAI’s latest large language model is expected to launch this week. Its release may drive renewed interest in AI-related crypto tokens.</li><li>Ethena Token Unlock (5 August): Approximately $99 million worth of ENA tokens (2.7% of circulating supply) will be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">unlocked</a>, potentially leading to increased market volatility.</li><li>U.S. Tariff Increase (7 August): The Trump administration's latest round of global tariffs is set to take effect, which may impact broader market sentiment and risk assets, including crypto.</li></ul> Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!

Weekly Market Pulse - August 4, 2025

Weekly Market Pulse - 04/08/25

<h1>ETH Outpaces BTC Again as ETF Inflows Surge</h1><h2>Market Highlights</h2><ul><li>ETH Extends Winning Streak: ETH gained +3.14%, marking its fifth straight weekly rise and flipping Bitcoin in both ETF inflows and price performance.</li><li>BNB Breaks All-Time Highs: BNB surged +11.53% to a new record above US$800, driven by a US$520 million treasury allocation from biotech firm Windtree Therapeutics.</li><li>Ethena Makes Bold Moves: ENA jumped +36% as Ethena unveiled a US$260 million token buyback and partnered with Anchorage to launch a GENIUS-compliant stablecoin.</li><li>DeFi Momentum Builds: Headline catalysts, regulatory clarity, and capital rotation suggest the DeFi renaissance is gathering pace.</li></ul><h2>Market Overview</h2>After several weeks of strong momentum, crypto markets took a breather as traders locked in profits ahead of month-end and the looming 1 August trade tariff deadline set by President Trump. This appears to be a healthy phase of consolidation, with capital rotation and selective accumulation still evident across key sectors.Ethereum (ETH) remained firmly in the spotlight, notching its fifth consecutive weekly gain and outperforming Bitcoin (BTC) in both price action and ETF inflows. The trend reflects growing institutional appetite for ETH, buoyed by regulatory clarity from the GENIUS Act and a wave of high-profile corporate adoption headlines.Altcoins also showed renewed momentum. From DeFi to memecoins, market activity was fuelled by policy tailwinds and high-profile capital commitments. Ethena’s US$260 million buyback, Solana’s US$1.51 billion ecosystem fund, and BNB’s breakout to fresh all-time highs all signal that institutional capital is increasingly flowing into the broader altcoin landscape.<h2>Bitcoin (BTC)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfFXsoAb5-xSIg5yixVEyxQLncLx_afWM3IkQ_74_Qusx10A5NC2s57yQNYO7-xn1e82tBFuqX8l-jM64dJkvoYgb2yS6Ri2d7iL4fSZafNAnR_JUt6nAf41Agg0w4h8JB6jjTR4A?key=85fvr1Pb3K8S6p7EpYLZsQ"> <a href="https://coinstash.com.au/btc/buy" rel="noopener noreferrer" target="_blank">Bitcoin (BTC)</a> returned to positive territory this week, gaining +1.84% to close around US$119,000. Price action was marked by midweek volatility, including a brief dip to US$115,000 following <a href="https://cryptonews.com.au/news/galaxy-executes-record-9b-bitcoin-sale-for-satoshi-era-whale-130105/" rel="noopener noreferrer" target="_blank">reports</a> that Galaxy Digital had facilitated the sale of more than 80,000 BTC, worth over US$9.3 billion, for a Satoshi-era investor who had held the coins for over 14 years. The transaction ranks among the largest notional Bitcoin sales in crypto history.Despite initial concerns, the market absorbed the supply with minimal price disruption, a signal many traders interpreted as bullish. The smooth execution reinforced confidence in BTC’s growing liquidity and institutional depth.On the institutional front, Michael Saylor’s firm Strategy <a href="https://x.com/saylor/status/1948715806155522212" rel="noopener noreferrer" target="_blank">upsized</a> its Stretch Preferred Stock offering to US$2.52 billion, strengthening its capital reserves for continued BTC accumulation. Separately, Japan-based Metaplanet <a href="https://x.com/gerovich/status/1949666205121310898" rel="noopener noreferrer" target="_blank">announced</a> the purchase of an additional 780 BTC, worth approximately US$92.5 million. This brings its total holdings to 17,132 BTC acquired at a cumulative cost of roughly US$1.73 billion.ETF flows reflected broader sentiment shifts during the week. While US-listed spot Bitcoin ETFs experienced outflows in the first half, inflows on Thursday and Friday helped turn the tide, resulting in net weekly inflows of approximately US$72.9 million, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer" target="_blank">SoSoValue</a>.<h2>Ethereum (ETH)</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoZdOhpkXgIxRRkF1DL88qqvu4D_VxCNKlgl87ylzc2H0aBSeQXg4vvQBdgweKzRZJmrwUnjCK2i0qxnviuDFZDQn0cBnCuJzQWiiYy0Lh21XB7pOj5iBSAOoNdiTok3fIlTh0Ug?key=85fvr1Pb3K8S6p7EpYLZsQ"><a href="https://coinstash.com.au/eth/buy" rel="noopener noreferrer" target="_blank">Ethereum (ETH)</a> continued its outperformance this week, rising +3.14% to close near US$3,900. This marks its fifth consecutive weekly gain, fuelled by growing institutional demand, supportive regulatory developments, and sustained ETF inflows. Attention now turns to the key US$4,000 level, one of the final major resistance zones before a potential push toward new all-time highs is on the cards.Corporate adoption headlines continued to accelerate. BitMine Immersion Technologies <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-eth-holdings-exceed-2-billion-of-ethereum-to-advance-its-ethereum-treasury-strategy-302513073.html" rel="noopener noreferrer" target="_blank">announced</a> its Ethereum holdings have reached US$2.1 billion, making it the largest known corporate ETH treasury. The mining firm currently holds 566,776 ETH. Meanwhile, Ethereum’s institutional infrastructure expanded further with the <a href="https://x.com/TheEtherMachine/status/1947240404673315091" rel="noopener noreferrer" target="_blank">launch</a> of Ether Machine, a purpose-built platform backed by US$1.5 billion in committed capital. The firm is focused on delivering secure, regulatory-compliant ETH yield strategies tailored specifically for institutional investors.On the ETF front, Ethereum funds surpassed their Bitcoin counterparts in weekly flows. Spot ETH ETFs attracted more than US$1.8 billion in net inflows, extending a 16-day streak of positive momentum, according to <a href="https://farside.co.uk/eth/" rel="noopener noreferrer" target="_blank">Farside Investors</a>. BlackRock’s iShares Ethereum Trust (ETHA) led the charge with US$1.29 billion in new capital. On Wednesday, ETHA became the <a href="https://x.com/EricBalchunas/status/1948352147050930196" rel="noopener noreferrer" target="_blank">third-fastest ETF in history</a> to surpass US$10 billion in assets under management, achieving the milestone in just 251 days.<h2>Altcoins</h2>Altcoin momentum eased this week, with large-cap tokens delivering mixed results amid sector rotation and profit-taking.<a href="https://coinstash.com.au/bnb/buy" rel="noopener noreferrer" target="_blank">Binance Token (BNB)</a> led the market with an impressive +11.53% gain, reaching a new all-time high above US$800. The surge was fuelled by a <a href="https://ir.windtreetx.com/news-releases/news-release-details/windtree-therapeutics-announces-520-million-new-funding-amplify" rel="noopener noreferrer" target="_blank">strategic treasury allocation</a> from Windtree Therapeutics, which pledged nearly US$520 million, 99% of its new funding, to accumulate BNB.&nbsp;<a href="https://coinstash.com.au/sol/buy" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> gained +3.97%, buoyed by the <a href="https://financefeeds.com/accelerate-unveils-1-51-billion-fund-to-build-largest-solana-treasury/" rel="noopener noreferrer" target="_blank">announcement</a> of Accelerate, a new investment firm aiming to raise US$1.51 billion to build the largest Solana treasury in the ecosystem. <a href="https://coinstash.com.au/trx/buy" rel="noopener noreferrer" target="_blank">Tron (TRX)</a> also posted a modest +1.48% gain, extending its low-volatility trend and showing resilience in quieter trading conditions.On the downside, <a href="https://coinstash.com.au/ada/buy" rel="noopener noreferrer" target="_blank">Cardano (ADA)</a> slipped –2.92%, reflecting a broader cooldown after several weeks of steady gains. <a href="https://coinstash.com.au/xrp/buy" rel="noopener noreferrer" target="_blank">XRP (XRP)</a> fell -6.31% after a wallet linked to Ripple Co-Founder Chris Larsen transferred 50 million XRP, worth approximately US$140 million, to exchanges, raising concerns about potential liquidation. <a href="https://coinstash.com.au/doge/buy" rel="noopener noreferrer" target="_blank">Dogecoin (DOGE)</a> was the weakest among large-cap altcoins, dropping –12.07% as traders took profits following a strong four-week rally.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdKlrrXwKAIyR9k2gEwmpx1r9oEnGGwAbLaF6l5gXMH4fWw0ZuXEwkDIpfKNVvs5k5mb9ixhPGsekrrBS-6AIfzr2AT3FfkwRQG0RYsvcAgY4MPjffOKu-FppHHlVhXtdsNNlYhDg?key=85fvr1Pb3K8S6p7EpYLZsQ"><h3>Biggest Gainers:</h3><ul><li>Useless Coin (USELESS) +43.65%: <a href="https://coinstash.com.au/useless/buy" rel="noopener noreferrer" target="_blank">USELESS</a> rebounded strongly after last week’s dip, gaining over 43% and entering new all-time highs and price discovery. The rally was driven by renewed traction among crypto KOLs and ongoing accumulation by large holders.</li><li>Pudgy Penguins (PENGU) +39.25%: <a href="https://coinstash.com.au/pengu0/buy" rel="noopener noreferrer" target="_blank">PENGU</a> continued its march higher, supported by a wave of community-driven initiatives, viral marketing, and recent announcements. The project remains in price discovery as momentum builds.</li><li>Ethena (ENA) +36.28%: <a href="https://coinstash.com.au/ena/buy" rel="noopener noreferrer" target="_blank">ENA</a> jumped over 36% this week following major announcements from Ethena Labs, including a US$260 million token buyback programme and a strategic partnership with Anchorage Digital to launch the GENIUS-compliant USDtb stablecoin.</li><li>Syrup (SYRUP) +35.21%: <a href="https://coinstash.com.au/mpl/buy" rel="noopener noreferrer" target="_blank">SYRUP</a> rebounded from last week’s dip to become one of the top gainers, following its listing on South Korea’s leading exchange, Upbit. The token also gained momentum from governance proposal MIP-018, which recommends increasing token buybacks using protocol revenue. Voting began on 25 July and is currently trending in favour of the proposal.</li></ul><h3>Biggest Losers:</h3><ul><li>Pump.fun (PUMP) -37.80%: <a href="https://coinstash.com.au/pump3/buy" rel="noopener noreferrer" target="_blank">PUMP</a> fell nearly 38%, earning the title of this week’s biggest loser as it continues its decline following a record-breaking ICO. The drop appears to stem from waning sentiment and growing competition from BonkFun, which is gaining market share.</li><li>Kaito (KAITO) -17.83%: <a href="https://coinstash.com.au/kaito/buy" rel="noopener noreferrer" target="_blank">KAITO</a> declined almost 18% after its new Web3 Capital Platform announcement failed to gain traction. Market response was muted, suggesting the rollout lacked the momentum or clarity investors were hoping for.</li><li>Grass (GRASS) -16.35%: <a href="https://coinstash.com.au/grass/buy" rel="noopener noreferrer" target="_blank">GRASS</a> lost over 16% this week, with no specific news catalyst. The decline likely reflects broader cooling in the crypto AI sector, as traders rotate capital into more active narratives.</li></ul><h2>ICYMI - The Week in Crypto News</h2>Here are a few key stories you may have missed:<ul><li>Ether Machine Launches US$1.5B Institutional ETH Yield Fund: Ether Machine has <a href="https://x.com/TheEtherMachine/status/1947240404673315091" rel="noopener noreferrer" target="_blank">announced</a> its official launch with US$1.5 billion in committed capital, aiming to offer secure, compliant ETH yield strategies tailored for institutional investors.</li><li>Strategy Upsizes STRC Preferred Stock Offering to US$2.52B: Strategy <a href="https://x.com/saylor/status/1948715806155522212" rel="noopener noreferrer" target="_blank">announced</a> the pricing of its Stretch Perpetual Preferred Stock ($STRC) and increased the deal size from US$500 million to US$2.52 billion.</li><li>Windtree Therapeutics Backs BNB With US$520M Allocation: Nasdaq-listed biotech firm Windtree Therapeutics <a href="https://ir.windtreetx.com/news-releases/news-release-details/windtree-therapeutics-announces-520-million-new-funding-amplify" rel="noopener noreferrer" target="_blank">announced</a> funding agreements totalling US$520 million, pledging 99% of it to purchase Binance Coin (BNB) for treasury allocation.</li><li>Accelerate Unveils US$1.51B Fund to Build Largest Solana Treasury: New investment firm Accelerate has <a href="https://financefeeds.com/accelerate-unveils-1-51-billion-fund-to-build-largest-solana-treasury/" rel="noopener noreferrer" target="_blank">announced</a> plans to raise US$1.51 billion to create the largest Solana (SOL) treasury in the ecosystem, signalling a major institutional bet on Solana’s long-term growth.</li><li>Former BlackRock Exec Joins SharpLink Gaming: Joseph Chalom, a former senior executive at BlackRock, has been <a href="https://www.marketsmedia.com/blackrock-digital-assets-pioneer-joseph-chalom-joins-sharplink/" rel="noopener noreferrer" target="_blank">appointed</a> co-CEO of SharpLink Gaming, one of the world’s largest corporate holders of Ethereum (ETH).&nbsp;</li><li>NFT Market Rebounds With 66% Growth: NFT market capitalisation has <a href="https://www.coindesk.com/markets/2025/07/25/crypto-whale-spends-usd4-3m-on-cryptopunks-as-nft-market-cap-climbs-66-in-30-days" rel="noopener noreferrer" target="_blank">risen</a> to US$6 billion over the past 30 days, signalling renewed interest in digital collectibles. CryptoPunks led the rebound with a +29% gain, while Pudgy Penguins surged +66.7%.</li><li>BonkFun Allocates Revenue Share to BONK Ecosystem Buybacks: Solana memecoin launchpad BonkFun (also known as LetsBONK) has <a href="https://x.com/bonk_fun/status/1948123326599270404" rel="noopener noreferrer" target="_blank">committed</a> 1% of its total protocol revenue, previously earmarked for marketing, to weekly buybacks of leading tokens within the BONK ecosystem.</li><li>Ethena Unveils US$260M ENA Buyback via StablecoinX: Ethena Labs has initiated a US$260 million buyback of ENA tokens over six weeks through StablecoinX, funded from a broader US$360 million capital raise. According to its <a href="https://x.com/ethena_labs/status/1947286869341016116" rel="noopener noreferrer" target="_blank">announcement</a>, StablecoinX will acquire and hold locked ENA on behalf of a foundation subsidiary, with daily open market purchases already underway.</li><li>Ethena and Anchorage Partner to Launch GENIUS-Compliant Stablecoin: Ethena Labs has <a href="https://x.com/ethena_labs/status/1948367981802909920" rel="noopener noreferrer" target="_blank">announced</a> a partnership with Anchorage Digital, the only federally chartered crypto bank, to issue USDtb onshore. The move will make USDtb the first stablecoin aligned with the U.S. GENIUS Act’s compliance framework.</li><li>Kaito Launches Web3 Capital Platform: Web3 data firm Kaito <a href="https://x.com/KaitoAI/status/1948690438623277284" rel="noopener noreferrer" target="_blank">announced</a> its new Capital Launchpad, a crowdfunding and capital allocation tool tailored for crypto-native projects.</li></ul><h2>Looking Forward - The Week Ahead</h2>Key upcoming events to watch:<ul><li>Trump Crypto Working Group Report (30 July): Trump’s crypto task force will <a href="https://decrypt.co/331534/trump-crypto-working-group-to-deliver-report-what-experts-expect" rel="noopener noreferrer" target="_blank">release</a> its 180-day report on July 30 which is expected to outline stablecoin regulation, token classification, and enforcement strategy.</li><li>SUI Token Unlock (1 August): US$184 million worth of SUI tokens, approximately 1.27% of the circulating supply, will be <a href="https://tokenomist.ai/" rel="noopener noreferrer" target="_blank">unlocked</a> this week, potentially triggering short-term volatility.</li></ul> Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!

Disclaimer: This article and its contents are intended for informational purposes only, and do not constitute financial, investment, trading or any other advice from TWMT Pty Ltd, trading as Coinstash AU ("Coinstash"). Coinstash is not a licensed financial advisor and does not provide financial advice. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this webinar or relevant materials without undertaking independent due diligence and consultation with a professional financial adviser. The information presented in this article may be inaccurate and no representations are made as to its truthfulness or accuracy. The views and opinions expressed in the quoted material are those of the original authors and do not necessarily reflect the views of Coinstash. All quotes have been used for informational purposes and have been attributed to their respective sources to the best of our ability.You understand that you are using any and all information available in or through this webinar or relevant materials at your own risk. Cryptocurrency is a highly volatile and risky investment. You should consider seeking financial, legal, tax or other professional advice to check how the information relates to your unique circumstances. Coinstash shall not be held responsible or liable for any losses, whether due to negligence or otherwise, stemming from the use of, or reliance upon, the information provided directly or indirectly in this article.﻿

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