Crypto Daily｜Bitcoin Nears Record and Ethereum Surpasses $4.3K; BitMine up 17%; Sharplink and Sequans up 10%
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.
Related Articles
MGM Resorts International (MGM): Huge Potential in Online Gaming
TradingKey - MGM seems undervalued, as the market does not appreciate the potential of the company’s online betting business, which has a very high growth at 25% and real possibility to have much higher profitability than the traditional on-ground casino business.
U.S. Stock Strategy: The Rapid Development of AI Signals a Promising Future
TradingKey - Since Trump announced a 90-day suspension of the "reciprocal tariffs" imposed on certain countries on 9 April this year, all three major U.S. stock indices have recorded significant gains. Looking ahead, against the backdrop of easing global trade frictions.
Size Matters? Royal Caribbean Cruises Don’t Think So
TradingKey - Royal Caribbean Group (RCL), as the world’s second-largest cruise operator, demonstrates industry-leading recovery and competitive strength in the post-pandemic era through robust revenue growth (18.6% increase in 2024, with net income surging 70.6%), exceptional operational efficiency
China July Inflation Commentary: CPI Exceeds Expectations
TradingKey - On 9 August 2025, China's National Bureau of Statistics released inflation data for July. The Consumer Price Index (CPI) rose by 0.4% month-on-month, reversing the previous month's 0.1% decline, while remaining unchanged year-on-year. Core CPI increased by 0.8% year-on-year.
U.S. CPI Preview: Bullish Outlook for U.S. Stocks Continues
TradingKey - On 12 August 2025, the U.S. will release its July CPI data. Market consensus forecasts a year-over-year headline CPI increase of 2.8% and a core CPI rise of 3%, both up 0.1 percentage points from June. We align with these widely held market expectations. Breaking it down by category...
