Crypto Market Update - August 6, 2025
Crypto Market Update - August 6, 2025
🚀 SEC Says Yes To Staking
Major cryptocurrencies showed positive movement with 1-3% gains, pushing BTC to $115K. The SEC made a significant ruling declaring liquid staking products are not securities. Stablecoin usage reached a new all-time high of $1.5B in July.
Key highlights:
- SharpLinkGaming increased ETH holdings by 83,561, now at $1.9B total
- A CryptoPunk NFT sold for 720 ETH ($2.58M)
- Solana launched second-generation Seeker phones
- Upexi disclosed 2M SOL holdings ($335M)
- TROLL token surged 60%, reaching $200M market cap
Hot tokens trending: TROLL, BUCKY, HOUSE, CHILLHOUSE
What's new? 🔹Crypto majors dip 1-2%; BTC at $104.2K 🔹GENIUS Act passes the Senate 🔹@coinbase requests SEC approval for tokenized stock trading 🔹JPMorgan meets with crypto task force to bring capital markets on-chain + launches a pilot for JPMD on Base 🔹Israeli hacker group
What's new? 🔹Crypto majors green; BTC at $109.5K 🔹@OpenAI disputes Robinhood’s tokenized stock claims 🔹@BlackRock's IBIT ETF drives more fees than its S&P ETF 🔹Solana staking ETF launches, sees $33M in volume on day one 🔹@coinbase acquires Liquifi token management 🔹SBET &
What's new? 🔹Crypto majors slightly red, BTC at $103.3K 🔹@RobinhoodApp acquires Canadian crypto firm @WonderFi for $180M 🔹US stocks are now green on the year 🔹Abraxas Capital Management buys $500M of ETH over past week 🔹@launchcoin ecosystem reaches $400M in size, sees
What's new? 🔹Crypto majors slightly red; BTC at $117.6K 🔹ETH at $3,565. SOL at $186. 🔹BNB hits new ATH of $800+, now at $765 🔹ETH ETFs see 3rd biggest day of inflows while BTC sees net inflows 🔹@SharpLinkGaming now holds 360,000+ ETH 🔹@rektdrinks announces partnership with
What's new? 🔹Majors green with BTC smashing new ATH; now at 🔹BTC and ETH ETFs see 2nd-biggest day in history 🔹Over $1B in shorts liquidated, biggest liquidation in 4 years 🔹S&P 500 hits another ATH 🔹Silver at 14 year high 🔹@pumpdotfun announces acquisition of @kolscan,
What's new? 🔹Crypto majors continue upward; BTC at $109K 🔹BTC records highest daily close ever 🔹More Americans now own BTC than gold 🔹Texas passes its Bitcoin Strategic Reserve bill 🔹Argentina dismantles Libra scandal task force 🔹Solana’s new ‘Alpenglow’ upgrade aims for
What's new? 🔹Crypto majors dip; BTC at 107.5K 🔹Trump Media announces plans to raise $2.5B to buy crypto 🔹@MetaMask rolls out Solana support for trading + apps 🔹@echodotxyz announces Sonar as new ICO launchpad 🔹Cantor completes first transactions for new $2B lending business
What's new? 🔹Crypto majors recover after Trump vs Elon selloff; BTC at $105.1K 🔹@circle soars 167% on IPO 🔹@bitfinex and tether back new L1 ‘Stable’ 🔹@Uber says it’s studying using stablecoins as payment vehicles 🔹@Metaplanet_JP and @MicroStrategy announce huge new
What's new? 🔹Crypto majors rebound; BTC at $119.7K 🔹ETH leads majors, up 7% at $3.3K 🔹Cantor Fitzgerald close to $4B SPAC deal with Adam Back to buy BTC 🔹DOJ drops Polymarket investigation 🔹PUMP team does $20M in surprise buybacks, token pumps 15% 🔹SharpLink Gaming becomes
What's new? 🔹Crypto majors down 2-7%; BTC at $104.3K 🔹Market reacts poorly to tariff reinstatement 🔹@SECGov moving to drop Binance case 🔹@SecScottBessent: Trade talks with China stalled 🔹PSG announces BTC treasury strategy 🔹@JamesWynnReal loses $100M in 1 week 🔹 Sharplink
What's new? 🔹Crypto majors green; BTC at $109.4K 🔹Trump’s Truth Social files for ‘Blue Chip’ ETF featuring BTC, ETH, SOL, XRP & CRO 🔹@RobinhoodApp CEO doubles down on tokenized private stocks, plans to offer thousands 🔹@phantom introduces Perps trading in wallet, powered by
What's new? 🔹Crypto majors soar on US China trade progress; BTC at 96.6K 🔹Bitcoin dominance hits new 4-year high above 65% 🔹FOMC decision today, rate cuts odds only 3% 🔹New Hampshire passes 1st-ever Bitcoin Strategic Reserve 🔹@Citi reveals plans to bring pre-IPO private
What's new? 🔹Crypto majors rally 1-2%; BTC at $107.4K 🔹Japan looks to clear path for crypto ETFs 🔹@Polymarket hits $1B+ valuation in latest rise 🔹Chainlink partners with Mastercard enabling direct onchain purchases 🔹@gondixyz launches new all-in-one NFT marketplace with
What's new? 🔹Crypto majors mixed; BTC at $105.2K 🔹Trump Media files for spot Bitcoin ETF 🔹@ethereumJoseph hints at a major sovereign wealth fund building on ETH 🔹California Assembly passes Bill to Let State Agencies Accept Crypto — Heads to Senate Next 🔹@SenLummis: US
What's new? 🔹Crypto majors up 1-3%; BTC at $115K 🔹SEC greenlights liquid staking, says not securities 🔹Stablecoin usage hits new ATH of $1.5B in July 🔹@SharpLinkGaming adds 83,561 ETH in past week, now holds $1.9B 🔹Pump Fun re-flips LetsBonk in volume, market share; Pump
NEAR Protocol and Infinex Leaders Discuss Web3 Future
A comprehensive interview featuring leaders from **NEAR Protocol** and **Infinex** covers critical Web3 topics: - Market analysis and lessons learned from current cycle - Solutions for user experience and adoption challenges - Comparison between protocols and platforms - NEAR's implementation of intents - Integration of AI and autonomous agents - Future outlook and developments Featuring guests: - @kaiynne (Infinex) - @ilblackdragon (NEAR Protocol) *Interview timestamps available for specific topics ranging from 01:35 to 20:00*
CFTC Launches Crypto Regulatory Initiative
The Commodity Futures Trading Commission (CFTC) is taking steps to develop a comprehensive regulatory framework for cryptocurrencies. - Initiative aims to create clear guidelines for crypto markets - Part of broader effort to establish regulatory roadmap - Development signals increased institutional focus on digital asset oversight *This move could significantly impact how crypto assets are regulated in the US financial system.* Follow [@Tyler_Did_It](https://twitter.com/Tyler_Did_It) and [@fomohour](https://twitter.com/fomohour) for updates.
Ponke x 223W0RLD Launch Limited Edition NFT-Enabled Collectible
Web3 brands Ponke and 223W0RLD are collaborating on a unique limited edition product launch scheduled for Wednesday. The $69 collectible features innovative tech integration: - Built-in NFC chip that provides access to rewards - Customizable design with removable helmet - Magnetic attachments for accessories - Detachable hands and feet components More details available in the [full Decrypt article](decrypt.co/333564/solana-mem).
SEC Clarifies Stance on Liquid Staking Tokens
The SEC has issued a significant clarification regarding liquid staking tokens, determining that certain variants will not be classified as securities. Key points: - Decision marks a notable shift in regulatory approach - Applies to specific liquid staking implementations - Provides clearer framework for staking providers This development could reduce regulatory uncertainty for liquid staking protocols and their users. The SEC's guidance specifically addresses technical implementations that maintain decentralization standards. [Full SEC statement](https://www.sec.gov/newsroom/speeches-statements/corpfin-certain-liquid-staking-activities-080525)