Crypto Agenda August 29, 2025

Correction in the Crypto Market Ahead of U.S. PCE Data

The cryptocurrency market witnessed a limited correction ahead of the release of the U.S. Core Personal Consumption Expenditures (PCE) Index. As a key inflation gauge closely monitored by the Federal Reserve (Fed), the data has significant implications for monetary policy.

At the time of writing, Bitcoin (BTC) was trading near $111,177, while Ethereum (ETH) was priced at $4,473. XRP traded at $2.90, and Solana (SOL) was priced at $214.47. The total market capitalization slipped to $3.93 trillion, reflecting cautious sentiment among investors.

A lower-than-expected PCE reading could increase the likelihood of monetary easing, while a higher reading might weaken expectations for Fed rate cuts. This dynamic created short-term volatility as traders positioned themselves ahead of the data release.

👉 Investors are advised to closely monitor the macroeconomic backdrop while evaluating their crypto portfolios.

Strong ETF Inflows into Bitcoin and Ethereum

Institutional confidence in crypto markets remained intact as ETF inflows strengthened. On August 28, Bitcoin ETFs saw $179 million of net inflows, while Ethereum ETFs recorded $39.16 million.

These developments underscored the growing demand for digital assets within traditional financial structures. While inflows provided upward pressure on prices, short-term profit-taking activity indicated that retail participation remains cautious.

21Shares Files for SEI ETF with the SEC

Crypto asset manager 21Shares filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a SEI (SEI) ETF. According to the company’s prospectus, the fund intends to reflect rewards generated from staking SEI tokens held within the ETF.

However, the SEC has not yet approved staking features for ETFs. Previous attempts by Grayscale, BlackRock, and 21Shares to include staking in their Ethereum ETFs remain unresolved.

👉 The SEC currently has multiple altcoin ETF applications pending, including those for Litecoin, Solana, Dogecoin, and XRP. A positive ruling could reshape the institutional landscape of the crypto sector.

DeFi Development Corp Purchases $77M Worth of Solana

DeFi Development Corp. announced the acquisition of 407,247 SOL, valued at approximately $77 million, at an average price of $188.98 per token. The purchase boosted the firm’s Solana holdings by 29%, raising its total to 1.83 million SOL.

The company emphasized that the newly acquired tokens would be held long-term and staked across multiple validators, including its own. This strategy is expected to generate roughly $63,000 per day in staking rewards denominated in SOL.

The move demonstrated growing institutional confidence in Solana as a blockchain ecosystem and highlighted the rising role of staking-based revenue models in the crypto economy.

IREN Reports Record Revenues and AI Expansion

Bitcoin mining company IREN Limited posted quarterly results that exceeded expectations, with $187.3 million in revenue, $176.9 million in net profit, and $241.4 million in EBITDA. Shares rose more than 12% in after-hours trading following the announcement.

Annualized revenue was reported at $1 billion, with an additional $250 million coming from its growing artificial intelligence (AI) cloud business. IREN has begun transitioning from ASIC-based mining rigs to GPU-powered infrastructure, repurposing facilities to meet AI demand.

The company is investing in the Horizon liquid-cooled AI data center, set to launch in late 2025, and the Sweetwater facility, expected to go live by the end of 2027. With July production surpassing 728 BTC, IREN outperformed competitor MARA, which produced 703 BTC in the same period.

👉 These results highlighted how crypto mining firms are diversifying into AI-driven revenue streams, shaping the industry’s future trajectory.

Technical Analysis

Bitcoin (BTC)

BTC traded near $111,177. The $110,000 support level remains a crucial threshold. Sustained strength above this zone could push BTC toward $113,000 and $115,500. A daily close above $115,500 would likely extend gains toward $118,000–$120,000.

On-chain data revealed that whales moved 25,000 BTC from exchanges to cold wallets over the last two days, signaling mid-term confidence. However, inflows of around 8,000 BTC into exchanges indicated that short-term selling pressures persisted.

Ethereum (ETH)

ETH traded at $4,473. The $4,250 support level remains vital for short-term stability. Above this threshold, ETH may aim for $4,500 and $4,650. A daily close above $4,650 would strengthen the case for a rally toward $4,850–$5,000.

On-chain activity showed significant whale accumulation, with $357 million worth of ETH purchased in the past 48 hours. Additionally, about 180,000 ETH were withdrawn from exchanges, reinforcing long-term holding sentiment.

Ripple (XRP)

XRP traded near $2.90, fluctuating within the $2.90–$2.99 range. The $2.90 support level remains critical. As long as this zone is maintained, XRP may test $3.10 and $3.30. A breakout above resistance levels could extend the rally toward $3.50–$3.65.

Despite short-term selling pressure reflected in exchange inflows, on-chain data showed growing transaction volumes and active addresses. Corporate adoption and cross-border payment growth continued to support the token’s medium-term outlook.

Future Outlook

• A softer PCE report could trigger renewed bullish momentum in Bitcoin and Ethereum.

• Approval of altcoin ETFs may push total crypto market capitalization back above $4 trillion.

• Institutional purchases like DeFi Development Corp’s Solana acquisition suggest long-term confidence in blockchain ecosystems.

• Mining firms’ shift toward AI cloud services indicates a new diversification trend in the industry.

👉 Market participants should remain attentive to both macroeconomic indicators and on-chain activity when adjusting strategies.

General Assessment

Ahead of the U.S. PCE data, the crypto market experienced a modest pullback, with Bitcoin near $111,000 and Ethereum around $4,473. Institutional ETF inflows, corporate Solana acquisitions, and IREN’s record results reflected resilience across different segments of the crypto ecosystem.

Technical charts emphasized the importance of BTC’s $110,000 support, ETH’s $4,250 threshold, and XRP’s $2.90 level. In the coming sessions, the PCE release and SEC decisions on ETFs are expected to be key drivers for market direction.

Future projections indicate that dovish macroeconomic signals and regulatory approvals could accelerate crypto adoption, pushing the market back into expansionary territory.

Legal Notice

The investment information, comments and recommendations contained herein are not within the scope of investment advisory services.Investment advisory services are provided within the framework of an investment advisory agreement to be signed between brokerage houses, portfolio management companies, non-deposit accepting banks and the client.The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations.These opinions may not be suitable for your financial situation and risk and return preferences.Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.