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Crypto Daily|Bitcoin Nears Record and Ethereum Surpasses $4.3K; BitMine up 17%; Sharplink and Sequans up 10%

TigerAug 11, 2025 6:17 AM
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Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin Nears Record as Treasury Investors Boost Crypto Market

Bitcoin rose to within striking distance of an all-time high as demand from institutional investors and corporate treasury buyers lifts the wider market for digital assets.

The original cryptocurrency advanced as much as 3.2% to top $122,000, not far shy of a previous record set in mid-July.

Ethereum Surpasses $4.3K, Flips Mastercard’s Market Cap

Ethereum (ETH) has rallied 1.45% over the last 24 hours to $4,313.21, extending its 7-day and 30-day gains. The second-largest crypto has surpassed Mastercard with a nearly $520 billion market cap, driven by surging trading volumes.

ETH has become the 22nd largest asset by market cap. It is currently trading at $4,305 at press time.

Crypto-linked shares shined in overnight trading. BitMine up 17%; Sharplink and Sequans up 10%; GameSquare and Bit Mining up 9%.

Trump-Linked World Liberty Pitches a $1.5 Billion Crypto Vehicle

Big investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company that would hold its WLFI tokens, joining the boom in digital-asset treasury firms.

The structure of the deal is still being finalized, according to people familiar with the matter, who asked not to be named because the talks are private. The fundraising target is expected to be around $1.5 billion, they added. Big-money investors in the technology and crypto industries have been approached for the venture, according to the people. Discussions are said to be advancing rapidly.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $403.88 million. The total net asset value of Bitcoin spot ETFs is $150.7 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.48%.

The Bitcoin spot ETF with the highest net inflow on Aug 8 was iShares Bitcoin Trust ETF, with a net inflow of $359.98 million. Followed by Fidelity Wise Origin Bitcoin Fund, with a net inflow of 30.49 million, according to SoSoValue.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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