From market jitters sparked by tariffs to new moves in crypto regulation and ETFs, it was a packed week across the digital asset landscape.

Bitcoin stumbles, Coinbase misses, and stablecoin regulation gains momentum | Weekly Recap

Eight days ago, the network hit a peak of 943 exahash per second (EH/s). Since 
that high point on July 26, roughly 44.8 EH/s has vanished. Bitcoin Hashprice 
Falls 11.65% in 30 Days Hashrate has dipped 4.75% over the past eight days, 
slipping below the 900 EH/s threshold. As of Aug. 3, it’s hovering at […]

Mining Crunch? Bitcoin Hashrate Slides Below 900 EH/s

The crypto market is on the back foot after Bitcoin retreats below the $113K 
threshold, losing over 21% in trading volume over the past 24 hours. The 
community sentiment is also pushing into the bear zone as the Fear and Greed 
Index retreats to neutral. Despite the looming trend, one Bitfinex whale 
decided this is the right time to invest and started gobbling up Bitcoins at a 
rate of 300 per day. Blockstream CEO, Adam Back, is the one who pointed it 
out, while also reminding the community that the same whale was acquiring $BTC 
at a rate of 1,000 per day back in February. This type of investment in a 
crypto market has ‘buy the dip’ written all over it, in preparation of an even 
bigger bull. The Market Goes Down as Eric Trump Pushes ‘Buy the Dip’ Message 
Eric Trump joins the ‘buy the dip’ crowd by sending the message loud and clear 
on X. Eric posted the message just as Bitcoin was sinking to $112,724, 
displaying his undying confidence in Bitcoin’s ability to bounce back. This 
was expected, given that Eric Trump’s Bitcoin stake is about to get $367M 
fatter. This would be the direct result of the merger between American Bitcoin 
Corp. and Gryphon Digital Mining, which would give Eric Trump access to over 
367M shares, each valued at $1. The deal is set to undergo stockholder 
approval on August 27, 2025, and 10 AM ET. The merger, announced on July 29, 
would make Eric Trump one of the wealthiest individuals in the crypto sphere, 
which would rush in a new era for Bitcoin and, by extension, the entire crypto 
market. But why is the crypto market backpedalling? The most obvious reason is 
Trump’s tariff suspension ending on Friday, which puts pressure on the global 
economic system once more. On the bright side, the trade agreement saw tariffs 
go down for US’s trading partners, especially for countries like the UK, 
Vietnam, Indonesia, and the EU. Despite that, the feeling of economic 
uncertainty and turmoil lingers, which, ultimately, benefits the crypto 
market. This means that we should expect a crypto resurgence once Bitcoin 
bounces back, at which point projects like Snorter Token ($SNORT) will become 
top gainers thanks to their blockchain utility. Why Snorter Token ($SNORT) is 
Perfect for Opportunistic Investors Snorter Token ($SNORT) is the perfect 
ecosystem for opportunistic investors thanks to Snorter Bot, the trader’s best 
sniper friend. Snorter Bot is the ideal solution to manual coin hunting, which 
is typically ineffective and exposes you to scams like honeypots and rug 
pulls. The Bot circumvents these problems by: Instituting real-time alerts to 
protect against suspicious projects Sniping hot tokens in milliseconds after 
liquidity appears; so, no lost opportunity Operating in its Telegram chat- 
only, eliminating the need for multiple wallets, plug-ins, and browser 
extensions The Copy Trading perk is also great for replicating proven 
strategies to increase your chance of success. All these advantages recommend 
Snorter Token ($SNORT) as the best choice for opportunistic traders who lack 
the time or know-how to engage with the market actively. With Snorter Token, 
you just tailor the Aardvark Bot according to your needs, give it the sniper 
rifle, and set it loose. $SNORT is still in presale now with a cash pool of 
$2.7M and growing and a token price of $0.1001. So, if you want to join the 
project, you should do it while $SNORT is still at its presale price. Given 
the project’s utility and following post-launch mainstream adoption, $SNORT 
could experience a massive chart boost in 2025. You can buy your $SNORT by 
going to the presale page today. When Will the Crypto Market Recover? With 
Bitcoin already back above the $114K threshold and a 24-hour growth rate of 
0.55%, it’s safe to say that the market is already pushing back. While it’s 
too early to say whether this is a small bump or the sign of a sustained 
climb, one thing is certain: Bitcoin will bounce back. And when it does, we 
should expect a new ATH, following July’s $123,153.22, which will drag the 
entire market along for the ride. That’s when utility-based projects like 
Snorter Token ($SNORT) could also see an investor surge. This isn’t financial 
advice. Do your own research (DYOR), manage risks properly, and invest wisely.

Bitfinex Whale Buys 300 $BTC Per Day During Crypto Market Crash

SharpLink bought the dip and added another $100M-worth of $ETH to its Ethereum 
treasury. Arkham pointed out that the address that moved the $ETH already 
bought another $800M previously for SharpLink Gaming, with the latest 
transaction of $108.6M going to Galaxy Digital OTC. Data from Strategic ETH 
Reserve places SharpLink Gaming second on the list of companies with the 
largest $ETH reserves, with 438.2K tokens. Bitmine Immersion Tech occupies the 
first spot with 625K $ETH, while the third place belongs to The Ether Machine 
with 334.8K coins. According to the same data, 2.26% of the total $ETH supply 
is spread out between 63 strategic reserves, amounting to 2.73M coins with a 
value of $9.39B. Institutional Interest for $ETH is Going Up as Bitmine’s Tom 
Lee Predicts a $60,000 $ETH The data shows that public institutions show an 
increased interest in Ethereum, with some entities exhibiting aggressive 
buying strategies. The Ether Machine is one such case, after adding 15,000 
$ETH to their treasury recently at an average price of $3,809.97 for a total 
investment of $56.9M. Moreover, the company also announced that they plan an 
additional $407M investment, which, if it goes through, would more than double 
Bitmine’s current $ETH reserves of 625K. As the company put it in their X 
post, this investment strategy isn’t about profit hunting: ‘We are just 
getting started. Our mandate is to accumulate, compound, and support ETH for 
the long term – not just as a financial asset, but as the backbone of a new 
internet economy.’ Bloomberg analyst, Eric Balchunas, also pointed out that 
Ethereum ETFs are experiencing a price surge, with massive inflows hitting the 
market. Ethereum’s ETF inflows are currently outperforming Bitcoin, up 13% to 
Bitcoin’s 8% loss over the past two months. This pro-ETH context, with Wall 
Street becoming increasingly more interested in the asset, drove Tom Lee, 
chairman of Bitmine, to put $ETH’s Estimated Value Potential (EVP) at 
$60,000+. He also thinks that the ETH/BTC ratio is off right now and that it’s 
likely to match 2024’s numbers soon, which would force $ETH up to $5,707 in 
the near future. With $ETH booming in charts and a bull run waiting to happen, 
ERC-20 projects like Best Wallet ($BEST) are likely to catch steam first. How 
$BEST Fuels One of the Best Non-Custodial Wallet Ecosystems $BEST is the 
official token of the Best Wallet ecosystem, a non-custodial, KYC-free service 
that&#8217;s perfect for novice and experienced traders alike. Best Wallet’s non- 
custodial profile translates to higher security, as you control the private 
key and, thus, the funds. The wallet also offers access to a variety of 
features, including the Token Launchpad, which grants exclusive access to 
upcoming tokens, allowing you to invest early. The Market Insights feature is 
another useful addition, feeding you real-time updates on hot projects, market 
sentiment, and chart trends. This allows you to make more informed decisions 
before investing. $BEST is currently in presale with over $14.4M already in 
the bank. This makes $BEST one of the most successful presales of 2025 and one 
that sets Best Wallet on the road to success. Based on Best Wallet’s features, 
public appeal, top security, and the fact that it’s free to use, we expect 
$BEST to experience a chart boom post launch. $BEST’s growth will further feed 
the Best Wallet ecosystem, pushing it closer to its underlying goal: to 
capture over 40% of the crypto wallet market share by 2026. You can buy $BEST 
at its presale price of $0.025425 by visiting the official presale page. Will 
We See Another $ETH ATH in 2025? Given the rising investor interest in $ETH, 
we may see another Ethereum rally soon, pushing the asset to the psychological 
threshold of $4,000. We may not get Tom Lee’s $60K Ethereum in 2025, but a 
goal of $5,700 isn’t impossible, once $ETH clears the $4,000 resistance point. 
When that happens, projects like Best Wallet ($BEST) will be among the first 
to see the benefits. This isn’t financial advice. Do your own research (DYOR) 
and invest wisely.

SharpLink Buys the Dip and Adds $100M-Worth of $ETH to its Treasury as $BEST Stands to Gain

After a three-year wait, TRON founder Justin Sun joins five others on a 
suborbital mission to space.

TRON founder Justin Sun blasts off on Blue Origin spaceflight

Bitcoin’s recent climb has been calm and measured, a sharp contrast to the 
explosive rallies of the past. It’s trading above its historical growth path, 
but far from overheating. Long-time holders remain mostly inactive, while the 
bulk of trading activity is coming from fresh faces in the market. Related 
Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Bitcoin 
Growth Remains On Track Based on reports by Arab Chain using CryptoQuant data, 
Bitcoin’s price is tracking a Power Law trend that suggests a smooth, 
logarithmic rise over time. That model creates a curved path rather than 
sudden spikes. Right now, BTC sits above the expected growth line but well 
below the upper “red zone” that signals overheating. The divergence indicator 
is positive, yet far from levels seen in past bubbles. This pattern hints at 
natural growth or perhaps the early stages of renewed betting. Divergence 
Keeps Room For Upside Analysts note that staying below the top watch zone 
leaves room for more gains before panic sets in. In prior cycles, prices shot 
through that red zone and then collapsed. Today, Bitcoin is about $50,000 
under its most recent peak level. That gap suggests buyers still have 
breathing room if they choose to push prices higher. On-chain data from 
Glassnode shows short-term holders (STHs) are behind most of the action. 
Around 86% of Bitcoin’s spent volume over the last 24 hours came from wallets 
active less than 155 days, totaling $18 billion. Long-term holders (LTHs) 
accounted for only 14.5% of spent volume, or $3.10 billion. That split means 
newer entrants are driving swings, while veteran holders stay largely on the 
sidelines. Long-Term Holders Show Conviction That dichotomy between STHs and 
LTHs tends to indicate intense conviction among core believers. When long-term 
owners remain in place, price drops tend to be more subtle. Buyers who have 
hung on for years or months typically view dips as opportunity to add rather 
than times to sell. Bitcoin was trading around $114,113 at press time 
following a pullback from recent highs of about $118K. The daily Relative 
Strength Index had fallen to 43, indicating a loss of bullish momentum without 
going into oversold levels. On-Balance Volume has been declining in the past 
week, indicating weakening buying pressure. Related Reading: More Work, Less 
Reward: Bitcoin Mining Toughens As Price Sinks To $113K Market Cooling Doesn’t 
Mean Collapse Reports have disclosed that this mix of signals fits a market 
that’s cooling rather than crashing. Traders are taking profits, yet they 
aren’t rushing for the exits. The overall picture points to a maturing market 
that still has room to run but won’t likely repeat the manic swings of years 
past. Featured image from Pexels, chart from TradingView