📉 Ethereum Futures and Options Market Overview

📊 Ethereum futures open interest (OI) remains steady at around $33 billion, despite slight declines. Options traders are particularly interested in bullish contracts for late 2025. Ethereum futures allow speculation on ETH's future price without owning the asset. The current OI stands at $33.09 billion (13.29 million ETH) across exchanges.

📉 The market experienced a 2.79% decline over 24 hours, although Gate and Bitget reported gains of 1.17% and 0.86%, respectively. CME Group and Binance lead the futures market, with CME holding $3.19 billion (9.64% market share) and Binance maintaining the largest position at $6.26 billion (18.9%).

📊 The open interest-to-daily-volume ratio of 0.6366 indicates moderate trading activity relative to outstanding contracts. Most platforms saw decreases in OI, with Kucoin down 17.37% and OKX falling 6.27%.

📈 In options trading, which allows buying (calls) or selling (puts) ETH at set prices, open interest heavily favors calls, representing 65.87% of all open options contracts (1,717,477 ETH). This signals bullish long-term expectations. The most notable contracts include the December 25, 2025 $6,000 call and July 25, 2025 $3,000 call.

📉 However, 24-hour options trading volume revealed stronger put activity. Puts accounted for 55.58% of volume (527,705 ETH traded), suggesting near-term hedging or bearish positioning. This contrast between open interest and trading volume creates market tension.

📅 The most actively traded contracts featured nearer-term expirations like the July 25, 2025 $3,000 call and December 25, 2025 $4,000 call. Futures data indicates a substantial though slightly contracting market. Options open interest shows pronounced bullish sentiment for late 2025, epitomized by the December $6,000 call.

⚖️ However, the dominance of put trading volume (55.58%) introduces a counter-narrative of near-term caution for Ethereum. While long-term expectations lean bullish, heightened put activity reflects significant hedging or bearish bets, preventing a definitive bullish outlook.

🔍 In summary, futures data shows a large, slightly retreating market. Options OI leans strongly bullish, especially for late 2025 ($6,000 Dec calls). However, the surge in put trading volume (55.58%) introduces prudence. The high call OI suggests dominant bullish expectations, but elevated put trading implies significant near-term hedging or bearish bets, preventing a purely bullish verdict.

🚀 Bitcoin's Ascent: Aiming for $1 Million

📈 Bitcoin is projected to reach $1 million, driven by institutional adoption, global instability, and digital scarcity, according to Finder's expert panel. A recent survey of 24 cryptocurrency specialists revealed a general upward trend in bitcoin forecasts.

On average, our panelists think bitcoin (BTC) will be worth $145,167 by the end of 2025,

the firm stated. They predict it will hit $458,647 by 2030 and $1.02 million by 2035. These projections are based on continued institutional adoption, supply constraints, and bitcoin's role as a macroeconomic hedge.

👍 61% of panelists believe bitcoin is currently a buy, with 52% saying it is underpriced. Morpher's Martin Froehler attributes his high forecast to increasing "institutional demand." Origin Protocol's Josh Fraser noted the current "flight to hard assets," comparing bitcoin to gold. Nicole DeCicco of CryptoConsultz emphasized that these are "foundational changes," not just short-term trends. However, John Hawkins from the University of Canberra expressed skepticism, stating that bitcoin "remains a speculative bubble."

📊 Estimates for bitcoin's year-end value vary widely. Finder reported that the most optimistic panelists predict it will trade at $250,000 by the end of 2025, while the most pessimistic foresee a drop to $70,000.

Although 79% of panelists flagged quantum computing as a security risk,

the timeline for its impact remains uncertain. Nearly half said the bitcoin community is ill-equipped to address these challenges. Despite this, advocates point to bitcoin's growing presence in institutional portfolios and its resilience during global turmoil as indicators of continued long-term strength.

🇺🇸 Trump's Tariff Announcement: 30% on EU and Mexico

📜 President Trump has announced a 30% tariff on imports from the European Union (EU) and Mexico, effective August 1st. This decision was communicated through letters posted on Truth Social, directed to EU President Ursula von der Leyen and Mexican President Claudia Sheinbaum.

⚖️ In his letter to the EU, Trump cited the existing trade deficit as a justification for the tariff. He emphasized the need to address this imbalance. Regarding Mexico, Trump acknowledged efforts by Mexican authorities to combat drug trafficking but deemed them insufficient. He stated,

Mexico still has not stopped the cartels who are trying to turn all of North America into a narco-trafficking playground. Obviously, I cannot let that happen.

💰 The EU is currently the largest commercial partner of the U.S., with over $600 billion in imports last year. Mexico follows closely as the top exporter to the U.S. with over $500 billion in imports in 2024.

🤝 In response to the tariff announcement, Von der Leyen warned that such measures would negatively impact businesses and consumers on both sides of the Atlantic. She expressed the EU's commitment to reaching an agreement before the implementation date but also mentioned readiness for proportionate countermeasures.

💬 Sheinbaum downplayed the situation, expressing confidence in securing a better deal through ongoing bilateral discussions. She stated,

We’ve had some experience with these matters for several months now. I think we’re going to reach an agreement with the United States government.

📈 This week, Trump also announced tariffs of 50% on Brazilian imports and 35% on Canadian imports.

🌍 Ripple's Strategic Move: Seeking EU License for RLUSD

🚀 Ripple, a major player in the cryptocurrency sector, is reportedly seeking to expand its stablecoin, Ripple USD (RLUSD), into Europe by applying for an Electronic Money License in Luxembourg. This license is crucial for compliance with the EU’s Markets in Crypto Assets (MiCA) regulations and would allow RLUSD to be integrated into operations across the European Union (EU).

🏦 The company has already taken steps to facilitate this move by incorporating Ripple Payments Europe SA in Luxembourg earlier this year. Luxembourg offers a favorable environment for stablecoin issuers due to its extensive banking options. Under MiCA regulations, stablecoin issuers must keep at least 60% of their reserves in banks, and Luxembourg's diverse banking landscape is advantageous for meeting these requirements.

🗣 While Ripple has not confirmed the specifics of its license application, a spokesperson mentioned the company's interest in achieving compliance in various regions, stating,

We see significant opportunity in the European market and we intend to become MiCA-compliant.

🔗 In addition to pursuing the license, Ripple has made strategic moves to bolster the credibility of RLUSD. The company has appointed BNY, a major financial institution, as the primary custodian for RLUSD's backing funds and is also seeking a national trust bank charter to enhance its operational capabilities.

📰 US Authorities Close in on Ransomware Ring as Bitcoin Trails Lead to Arrest

👮‍♂️ A significant ransomware operation is unraveling as U.S. authorities track 1,610 BTC in ransom payments, using bitcoin trails to identify and charge global cybercriminals. On July 16, the U.S. Department of Justice (DOJ) announced that Karen Serobovich Vardanyan, a 33-year-old Armenian national extradited from Ukraine, has been charged in connection with a widespread cyber extortion campaign involving Ryuk ransomware.

🔍 The FBI traced the cryptocurrency as part of an international investigation into the group's attacks on American companies, including a technology firm in Oregon. Vardanyan and his co-conspirators are accused of breaching company networks between March 2019 and September 2020, encrypting data, and demanding ransom payments to unlock critical systems. The DOJ detailed that

ransom payments were extorted from victim companies in exchange for decryption keys to regain access to their data

💰 It is alleged that Vardanyan and his co-conspirators received approximately 1,610 bitcoins in ransom payments from victim companies, valued at over $15 million at the time of payment. The Ryuk ransomware was used to compromise hundreds of devices across various sectors, including public services, healthcare, and critical infrastructure.

🤝 The Justice Department’s Office of International Affairs collaborated with Ukrainian authorities to secure Vardanyan’s extradition on June 18. He pleaded not guilty during his initial court appearance in Oregon and remains in custody awaiting trial, scheduled to begin on Aug. 26. Charges against him include conspiracy, fraud in connection with computers, and extortion involving computer systems. The DOJ noted that if convicted, Vardanyan faces a maximum sentence of five years in federal prison, three years’ supervised release, and a fine of $250,000 for each count.

🔎 The FBI is still searching for three additional defendants, one of whom is awaiting extradition in France, while the others remain fugitives in Ukraine.

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💰 Record Inflows for Crypto ETFs: Ether Leads the Charge

📈 This past week marked a historic milestone for crypto exchange-traded funds (ETFs), with ether funds achieving an unprecedented weekly inflow of $2.18 billion. Bitcoin ETFs also performed strongly, securing $2.39 billion in net inflows for the sixth consecutive week of growth.

In a week that rewrote the record books, ether ETFs posted a staggering $2.18 billion in net inflows, the highest ever recorded for ether-based funds.

📅 Wednesday, July 16, was particularly notable, bringing in $726.74 million for ether ETFs and $799.40 million for bitcoin ETFs. This day marked the most significant single-day inflow for both types of funds this year.

📊 The breakdown of ether ETF inflows was impressive, with Blackrock’s ETHA leading the pack at +$1.76 billion. Other notable performers included Grayscale’s Ether Mini Trust with +$201.71 million and Fidelity’s FETH at +$128.77 million.

Bitcoin ETFs were no slouch, locking in $2.39 billion in net inflows, stretching their green streak to six consecutive weeks.

🔝 Blackrock’s IBIT dominated the bitcoin ETF space with +$2.57 billion in inflows, followed by Grayscale’s Bitcoin Mini Trust at +$41.86 million. However, not all ETFs saw positive movement; Grayscale’s GBTC experienced a -$122.50 million outflow.

🚀 With over $4.57 billion flowing into crypto ETFs this week, it is clear that institutional confidence in both bitcoin and ethereum is growing. Ether’s recent surge indicates that it is stepping out of bitcoin’s shadow and gaining recognition in its own right.

🛑 SEC Delays Launch of Bitwise Crypto ETF Amid Approval

📅 On July 22, the U.S. Securities and Exchange Commission (SEC) approved the Bitwise 10 Crypto Index ETF, which includes bitcoin, ether, and XRP, among other digital assets. However, the SEC immediately stayed this decision for a full Commission review, leaving the market in suspense. The ETF is designed to track the Bitwise 10 Large Cap Crypto Index, weighted by free-float market capitalization.

It is therefore ordered, pursuant to Section 19(b)(2) of the Exchange Act, that the proposed rule change … be, and hereby is, approved on an accelerated basis.

📊 As of June 30, 2025, the ETF's portfolio included 78.72% bitcoin, 11.10% ether, 4.97% XRP, and other cryptocurrencies. The ETF requires that at least 85% of its holdings be in assets already approved by the SEC for exchange-traded products, with 15% allowed in other digital assets. Coinbase Custody Trust will act as custodian for the crypto assets, while The Bank of New York Mellon will manage cash and administrative operations.

⚠️ However, later that same day, the SEC's Office of the Secretary issued a stay on the approval, stating that the Commission will review the delegated action and that the order is stayed until further notice.

This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action. In accordance with Rule 431(e), the July 22, 2025 order is stayed until the Commission orders otherwise.

🔄 A similar situation occurred recently with Grayscale, which sought to list its Digital Large Cap Fund under the same NYSE Arca rule. The SEC granted accelerated approval but stayed the decision pending full Commission review. Nate Geraci, president of Novadius Wealth Management, commented on social media about the bizarre situation regarding both ETFs:

SEC Division of Trading & Markets has approved the Bitwise 10 Crypto Index ETF… However, like with the Grayscale Digital Large Cap ETF, this approval order is stayed. IMO, both of these should be allowed to convert/uplist asap. Bizarre situation.

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📈 Ether ETFs Lead the Way as Bitcoin ETFs Remain Steady

📊 The week concluded positively for ether exchange-traded funds (ETFs), which saw inflows of $453 million, extending their record-breaking streak. Bitcoin ETFs also performed well, adding $131 million despite significant outflows from Grayscale’s GBTC.

Ether ETFs extended their remarkable green streak to 16 straight sessions, pulling in $452.72 million on Friday,

said the report. Blackrock’s ETHA led the way with a substantial $440.10 million inflow, while Grayscale’s ETHE experienced an outflow of $23.49 million. Other contributors included Grayscale’s Ether Mini Trust with $18.87 million and Bitwise’s ETHW and Fidelity’s FETH adding $9.95 million and $7.30 million respectively. This brought the total traded value to $1.50 billion and pushed ether ETFs’ net assets to $20.66 billion.

📉 For bitcoin ETFs, six funds reported inflows. Blackrock’s IBIT topped the list with $92.83 million, followed by Ark 21Shares’ ARKB with $30.27 million and Bitwise’s BITB bringing in $20.96 million. Vaneck’s HODL contributed $18.16 million, while Fidelity’s FBTC and Grayscale’s Bitcoin Mini Trust added $10.19 million and $8.79 million respectively. Despite a $50.50 million outflow from GBTC, total trading activity reached $4.45 billion with net assets for bitcoin ETFs steady at $151.45 billion.

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👮‍♂️ Man Arrested for Alleged Theft of XRP Tokens from George Jones' Widow

📰 A man named Kirk West, aged 58, was recently arrested in Tennessee for allegedly stealing millions of XRP tokens from Nancy Jones, the widow of country music legend George Jones. The arrest took place at Nashville International Airport on July 24, shortly after the Franklin Police Department began investigating the theft claim.

📅 Nancy Jones reported the theft on July 23, stating that the incident occurred around June 26. She accused West, her "long-time romantic partner," of stealing approximately $400,000 in cash and a Ledger cryptocurrency wallet from her home. Concerned about West's loyalty, she had asked her granddaughter to secure her valuables on June 26, only for the granddaughter to discover that the cash and wallet were missing.

💰 The stolen Ledger wallet reportedly contained about 5,534,307 units of XRP, valued at over $17.4 million. Authorities claim that West was the only other person, besides Nancy Jones, who had access to the wallet's private key. While Nancy was able to recover a large portion of the stolen cryptocurrency—approximately 5,051,102 XRP—she ultimately lost 483,205 XRP.

📞 The court documents reveal troubling details about West's alleged behavior. Nancy Jones recounted that she expelled West from her home on June 28. After his departure, he reportedly called her and offered to return only $5 million of the crypto funds to her bank account, claiming it was "all she would get."

⚖️ West has been charged with theft over $250,000, with a bond set at $1 million. He is scheduled to appear in court on October 23.

🚀 Marti Technologies Embraces Cryptocurrency in Treasury Strategy

💰 Marti Technologies, Türkiye’s leading mobility app, has officially launched a crypto asset treasury strategy, dedicating 20% of its cash reserves to bitcoin. This move comes with regulatory protections and a plan to potentially increase this allocation to 50%, incorporating other major cryptocurrencies like ethereum and solana.

📅 On July 29, 2025, the company announced its decision to integrate bitcoin into its corporate treasury diversification strategy. The digital assets will be securely stored with a regulated, institutional-grade custodian, ensuring compliance with relevant laws and industry standards.

🗣 CEO Oguz Alper Oktem stated that this decision is driven by a long-term belief in cryptocurrency as a store of value and a hedge against inflation and hard currency risk. He emphasized that this new policy will complement the company’s existing treasury management practices without disrupting its operational or strategic objectives.

🟢 XRP Market Analysis: Current Trends and Future Predictions

📈 As of Monday at 9 a.m. Eastern time, XRP is trading between $2.99 and $3.00, reflecting a 3.9% increase over the past 24 hours and a market capitalization of $177.31 billion. The cryptocurrency has experienced a 24-hour trading volume of $4.85 billion and has fluctuated between $2.86 and $3.02, indicating a period of consolidation after recent volatility.

📊On the 1-hour chart, XRP has risen steadily from $2.77 to $3.03 and is currently consolidating just below the $3.05 resistance level. A volume spike at $3.03 led to a rejection, confirming this area as a key short-term hurdle. Immediate support is noted at $2.98, making it a critical level for bulls to defend. A breakout above $3.05 with sufficient volume could open the door for a push toward $3.10–$3.15; however, a breakdown under $2.98 could shift momentum toward $2.93–$2.90.

📉 The 4-hour chart shows a recovery from the $2.72 low back to the $3.00 region after a preceding downtrend from $3.17. The pattern now reflects a tentative bullish structure with higher highs and higher lows. Short-term resistance lies at $3.05 while support at $2.90 is essential for maintaining upward momentum. Although buying volume during the recovery is noticeable, it remains weaker than the selling surge observed on August 2.

📅 From a daily chart perspective, XRP remains in a macro uptrend that began with a surge from $2.15 to $3.66 before entering a corrective phase. The price is currently consolidating between $2.80 and $3.05 after a pullback from recent highs. Strong selling volume accompanied the drop from $3.66; however, support at $2.80 continues to hold. A breakout above $3.20 with strong volume could reignite the uptrend toward $3.40–$3.66; but a fall below $2.80 could trigger declines toward $2.60.

🔍 Oscillator readings indicate a largely neutral market stance. The relative strength index (RSI) at 51.37 is neutral, as are the Stochastic oscillator at 19.53 and the commodity channel index (CCI) at −77.91. Momentum at −0.14546 suggests a positive signal on the daily chart, while the moving average convergence divergence (MACD) level at 0.05962 points to bearish sentiment. This mixed oscillator profile implies a market in equilibrium, awaiting a catalyst for directional clarity.

📊 Moving averages (MAs) show a blend of bearish short-term signals and bullish longer-term trends. The exponential moving average (EMA) and simple moving average (SMA) over 10 and 20 periods both indicate negative trend signals. However, the EMA (30) and SMA (30) suggest buying pressure, as do the EMA (50), SMA (50), EMA (100), SMA (100), EMA (200), and SMA (200). This divergence points to short-term resistance but further highlights solid support from medium to long-term holders.

🟢 Bull Verdict: If XRP can maintain support above $2.98 on the 1-hour chart and break decisively above $3.05 with strong volume, the path toward $3.10–$3.15 in the short term becomes viable. A follow-through move could set the stage for a test of $3.20; and if that level is breached on the daily chart, bulls could aim for $3.40–$3.66 in the coming weeks.

🔴 Bear Verdict: Failure to hold $2.98 on the 1-hour chart could invite selling pressure toward $2.93–$2.90; with a deeper drop possible toward $2.85. A breakdown below the daily chart support at $2.80 would signal renewed bearish momentum, opening the door for a decline toward $2.60 and invalidating the recent bullish recovery pattern.

📈 Bitcoin's Market Status on August 8, 2025

💹 On August 8, 2025, Bitcoin is priced at $116,779 with a market cap of $2.32 trillion and a trading volume of $38.10 billion. The cryptocurrency has shown limited intraday movement, ranging from $116,112 to $117,596, indicating a consolidation phase after recent fluctuations.

📊 The daily chart reveals a significant rebound from the $112,000 level following a correction from its peak of $123,236. Current price action suggests sideways movement typical of consolidation, with lighter volume momentum compared to the initial bounce. The daily bias remains neutral-to-bullish as long as support at $114,000 holds. A decisive move above $120,000 could reinforce bullish sentiment, while a drop below $114,000 may trigger further declines.

📈 The 4-hour chart shows a steady rise from $111,919 to $117,675, with minor pullbacks that haven't disrupted the overall uptrend. Price is consolidating near recent highs, and although volume has decreased, there is no significant selling pressure. Key support is found in the $116,000–$116,500 range, which could facilitate renewed gains if maintained. However, a break below this level could lead to a decline towards $114,500.

📉 The 1-hour chart illustrates a micro-uptrend from $114,280 to $117,675, followed by tight sideways trading as market participants await a catalyst. Declining volume suggests a potential spike in volatility may be forthcoming. A breakout above $117,800 could drive prices towards $118,500 or higher, while a breakdown below $116,500 might accelerate losses towards $115,000.

⚖️ Oscillator readings are mixed, with the relative strength index (RSI) at 54 and other indicators showing neutral signals. However, momentum and moving average convergence divergence (MACD) levels are both indicating bearish signals, suggesting underlying caution despite prices being near the upper range of recent consolidation.

📊 Moving averages display a predominantly bullish posture, supporting the view that Bitcoin’s longer-term structure remains intact. If Bitcoin can maintain support above $114,000–$115,000 and break decisively above $118,000 with rising volume, the path towards $120,000 and potentially higher remains open. Conversely, a sustained breakdown below $116,000 would shift the short-term bias bearish, opening the door to a retracement towards $112,000 or lower.

🏦 BNB Network Company Becomes Largest Corporate Holder of BNB Tokens

💼 BNB Network Company, a division of CEA Industries Inc. (Nasdaq: BNC), has made headlines by acquiring 200,000 BNB tokens, making it the largest corporate holder of BNB globally. This acquisition follows a $500 million private placement led by 10X Capital and YZi Labs, which aims to establish BNB as the company's primary reserve asset.

🔄 In line with this crypto-focused strategy, BNC has restructured its leadership. David Namdar, co-founder of Galaxy Digital, has been appointed as CEO, with Russell Read and Saad Naja taking on key roles. The company plans to continue its BNB purchases until its initial treasury capital is fully utilized. Additionally, BNC may seek to raise an extra $750 million through its warrant structure, potentially bringing total proceeds to approximately $1.25 billion for further BNB acquisitions.

📈 Microstrategy's Stock Surpasses Bitcoin NAV: Key Factors Behind the Premium

🚀 Microstrategy's stock (Nasdaq: MSTR) has recently traded above the value of its bitcoin holdings, showcasing structural advantages that are not available with direct cryptocurrency ownership or spot exchange-traded products (ETPs). Michael Saylor, executive chairman of Microstrategy, highlighted four key factors contributing to this market premium: Credit Amplification, an Options Advantage, Passive Flows, and superior Institutional Access.

MSTR trades at a premium to bitcoin NAV due to Credit Amplification, an Options Advantage, Passive Flows, and superior Institutional Access that equity and credit instruments provide compared to commodities,

said Saylor.

💪 One significant advantage is Microstrategy's ability to apply 2x to 4x leverage to bitcoin through equity-based financing, referred to as "credit amplification." This allows for enhanced performance during bullish market phases, unlike spot bitcoin ETPs and direct bitcoin holdings which lack such leverage. Additionally, Microstrategy benefits from over $100 billion in open interest in traditional options markets, far exceeding the open interest for spot bitcoin ETPs and CME bitcoin futures.

📊 Being part of indices like the Nasdaq 100, MSCI, and Russell 1000 enables Microstrategy to capture passive investment flows that do not reach bitcoin or its spot-based ETPs. Furthermore, equity markets offer potential access to $35 trillion in equity and $60 trillion in credit, significantly larger than the $700 billion in private capital available to spot bitcoin ETPs and the less than $150 billion for direct bitcoin.

While critics see the valuation gap as excessive, proponents contend that these market dynamics justify the premium, as they enable Microstrategy to amplify returns and broaden its investor base beyond the limits of commodity-based bitcoin exposure,

the article notes.

📈 Since 2020, Microstrategy has been acquiring bitcoin as a primary treasury asset, funding its purchases through debt and equity offerings. This strategy has made it the largest corporate holder of bitcoin, with approximately 628,946 BTC as of its latest public filing.

🚀 Coinbase Predicts Altcoin Rally as Market Conditions Improve

📈 Coinbase Institutional's recent report titled “Altcoin Season Cometh” suggests a potential shift towards a full-scale altcoin season by September. David Duong, the firm's global head of research, noted that

current market conditions now suggest a potential shift towards a full-scale altcoin season as we approach September.

The report highlights stronger macroeconomic conditions and a clearer regulatory framework as key factors supporting this outlook.

📊 Despite the Altcoin Season Index remaining below the critical 75-point threshold, altcoin market capitalization has surged over 50% since early July, reaching $1.4 trillion by August 12. Bitcoin's dominance has decreased from 65% in May to 59% in August, indicating a shift of capital towards altcoins. Coinbase pointed out the record $7.2 trillion in U.S. money market funds as potential capital that could reenter the crypto market if monetary policy becomes more favorable.

💧 Liquidity metrics are showing signs of recovery after months of decline. Coinbase reiterated its belief that an increase in global M2 money supply often precedes bitcoin rallies, suggesting broader liquidity support in late Q3 or early Q4.

🔗 Ethereum remains a focal point for institutional investors, with digital asset treasuries holding over 2.95 million ETH, which is more than 2% of the total supply. High-beta tokens linked to ETH, such as ARB, ENA, OP, and LDO, are experiencing significant price movements. LDO has risen 58% month-to-date partly due to a favorable view from the U.S. Securities and Exchange Commission regarding liquid staking.

📅 In conclusion, Coinbase maintains a positive outlook supported by macro factors and anticipated regulatory progress.