Weekly Crypto Market Wrap August 11-17, 2025
BTC and the S&P 500 both hit fresh highs last week but have since slipped into a correction. Nothing dramatic has happened globally — this is still a bull market, and shakeouts like this are part of the game. ETH is lagging behind in setting a new high, but many traders are waiting for its ATH as the real trigger for altseason.
Meanwhile, traders took a haircut: $370M in long liquidations. For a bull run, that’s more of a warm-up.
Let’s dive into the news:
Scott Bessent and BTC in the U.S. Treasury? The investor hinted that the Treasury could explore buying Bitcoin through a “neutral strategy.” In other words: accumulate BTC but frame it as simple diversification. If this happens, the market will see another whale — with a U.S. government stamp.
Source: https://x.com/SecScottBessent/status/1956080030137626887
Coinbase Institutional expects altseason in September. Nicely lines up with the ETH/BTC narrative. But let’s be real: altseason is always “a month away” until it actually pops.
51% attack on Monero. Mining pool Qubic claimed it was able to rewrite 6 blocks and invalidate 60 others. For a privacy-focused project, this is a serious reputational blow. Monero was always seen as unbreakable — but practice shows even it has vulnerabilities.
Source: https://x.com/_Qubic_/status/1956337674626777144
Bitmine hunting for ETH. The firm plans to raise $20B to accumulate Ethereum. A mega-whale with a serious appetite — looks like institutions think ETH is ready for the next level.
ETH ETF smashes records. $1.02B in inflows in a single day (August 11). That explains who’s pushing ETH toward ATH.
5 years of MicroStrategy’s Bitcoin play. Michael Saylor bought again — this time “just” $18M (115 BTC). For him, that’s like a grocery run. Metaplanet is keeping pace too with +518 BTC. The Japanese “micro-Saylors” are coming.
Source: https://x.com/gerovich/status/1955102033117110435
Coinbase acquires Deribit for $2.9B. Now they don’t just have spot and futures — but options too. A power move that cements Coinbase as the go-to mainstream exchange for everything.
OKX token +200%. After burning 65M tokens, the price skyrocketed instantly. Only question: who managed to sell the top?
Bullish exchange IPO. Shares debuted at $100, nearly 2.5x. And people said “crypto exchanges are dead”?
U.S. inflation update. Official CPI stayed at 2.7% (vs 2.8% expected), but PPI rose to 3.3% (forecast 2.5%). Translation: input costs are rising faster than output prices. Hint — inflation may still throw surprises.
OpenAI and Sam Altman. He says he wants to raise trillions of dollars and is even eyeing a Google acquisition. Now that’s what you call an AI bull run.
Nvidia and AMD to hand over 15% of profits to the U.S. The government is monetizing the chip boom. Who said AI was going to be all upside?
Do Kwon pleads guilty. The TerraUSD founder (yes, the $40B collapse) has officially admitted guilt. The only question now: how many years, and where will he serve them?
Trump and foreign aid. A U.S. appeals court allowed him to block billions in foreign aid. Translation: global markets are in for more turbulence.
U.S. banks vs stablecoins. Financial giants want to ban yield on stables. The logic: “You want to earn interest on USDT? That’s competition with deposits.”
Upcoming major token unlocks:
ZRO: $52.96M (23.2%)
KAITO: $24.96M (9.6%)
SOON: $11.61M (17.8%)
AVAIL: $3.85M (6.5%)
ZKJ: $3.15M (4.6%)
IOTA: $3.03M (0.4%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
