Crypto Agenda – August 8, 2025
Cryptocurrencies End the Week on a Bullish Note 🚀
The cryptocurrency market started the last trading day of the week with positive momentum. Bitcoin (BTC) is trading above $116,000, while the total crypto market capitalization has reached $3.94 trillion.
The rally was driven by regulatory and corporate developments from the United States. President Donald Trump signed an executive order allowing Bitcoin, Ethereum, and other digital assets to be included in 401(k) retirement plans, a move seen as a major step toward boosting institutional investor participation in the crypto market.
Additionally, the appointment of Stephen Miran to the Federal Reserve Board of Governors has strengthened expectations for crypto-friendly regulation.
📌 CTA: Could this bullish momentum last? Stay tuned to track key technical levels and market updates.
Key Crypto Market Developments in the Past 24 Hours
Over the past 24 hours, the crypto market capitalization rose by 3.4%, approaching the $4 trillion threshold again. Bitcoin gained 1.8% to trade at $116,530, Ethereum (ETH) rose 6.1% to $3,909, while XRP jumped over 11% to $3.33. Solana (SOL) added 3.3% to reach $174.30.
ETF flows were another bullish signal — Bitcoin ETFs recorded $281 million in net inflows, while Ethereum ETFs attracted $222 million. These figures confirm the ongoing institutional demand for crypto assets.
Ripple vs. SEC Legal Battle Officially Ends
One of the longest-running lawsuits in the blockchain industry has officially ended. Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed to withdraw their appeals in the Second Circuit Court of Appeals.
The ruling by Judge Analisa Torres in 2023 is now final. It concluded that institutional sales of hundreds of millions of dollars’ worth of XRP were classified as unregistered securities offerings, while programmatic sales to retail investors via “blind bid” transactions were not.
📌 CTA: With legal uncertainty now removed, could XRP be gearing up for its next major bull run?
Hong Kong Stablecoin License Application
Animoca Brands, together with Standard Chartered and Hong Kong Telecommunications (HKT), has launched a joint venture named Anchorpoint Financial Limited. The company submitted a formal expression of interest to the local regulator to obtain a stablecoin issuance license in Hong Kong.
The initiative aims to bridge Web3 and traditional finance, enhancing the role of stablecoins in payment systems and financial market growth.
CleanSpark Reports Record Quarter
Bitcoin mining company CleanSpark posted the best quarterly results in its history. For April–June, the company generated $198.6 million in revenue, up 91% from the same period last year, beating analyst expectations of $195 million.
Net income came in at $257.4 million, reversing last year’s $236.2 million loss. CleanSpark reached 50 EH/s operational hash rate, making it the first publicly traded mining company to achieve this milestone entirely within the U.S.
The company holds 12,703 BTC, valued at approximately $1.48 billion, ranking it the ninth-largest Bitcoin holder among publicly traded companies.
📌 CTA: Could mining sector efficiency drive long-term Bitcoin price stability?
Technical Analysis
Bitcoin (BTC)
BTC bounced from the $114,400 support, breaking the short-term downtrend and moving toward the $117,600 resistance. A sustained break above this level could target $118,800 and $120,000. Key supports: $114,400 and $112,500.
On-chain data shows reduced BTC inflows to exchanges, indicating that investors prefer holding rather than selling.
Ethereum (ETH)
ETH recovered from $3,660 to above $3,900, maintaining its ascending channel. If $3,950 is broken, the next target is $4,080. Supports are at $3,750 and $3,620.
DEX trading volumes and active addresses have increased, suggesting renewed network activity and user engagement.
Ripple (XRP)
Following the lawsuit’s resolution, XRP surged over 11% to $3.38. Resistance levels are at $3.40 and $3.60.
On-chain data shows a rise in transaction volume and active addresses, supporting further upside potential.
Market Outlook
- Positive regulatory developments could accelerate institutional crypto adoption.
- Stablecoin licensing may reshape Asia’s digital payments infrastructure.
- Mining efficiency could influence BTC price stability in the long term.
- XRP’s legal clarity could boost investor confidence across the altcoin market.
Summary
The week ends with strong bullish sentiment in the crypto market, fueled by U.S. regulatory support, Ripple’s legal victory, and robust ETF inflows. Bitcoin, Ethereum, and XRP have broken key resistance levels, signaling the potential for continued upward momentum in the short term.
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.