Weekly Crypto Market Wrap August 18-24, 2025
ETH has finally broken its ATH! Powell’s Friday speech lifted markets and gave hope for a green weekly close. That momentum pushed ETH to a new all-time high. Now everyone’s watching for a $5,000 breakout and a firm hold above it – the road to long-awaited altseason may finally be opening. Here’s the weekly digest:
Wyoming launches the first state-backed stablecoin in the U.S. – Frontier Stable Token (FRNT). Wyoming has always been the “crypto sheriff” of America, where regulators like blockchain and cowboys like stablecoins. Now the state has its own FRNT. In other words, the U.S. officially has a “government coin.” Next stop: memes about a Federal Reserve Coin.
Coinbase forecasts a $1.2T stablecoin market by 2028. No surprise here. If printing dollars is boring, why not print “crypto-dollars”? The real question: how much of that $1.2T will be in USDT versus government-backed tokens like FRNT?
SharpLink Gaming buys 143,593 ETH, bringing its balance to 740,760 ETH ($3.2B). Now it’s clear who’s quietly pumping ETH to new ATHs. With $3.2B under the mattress, you’re not a “holder” anymore – you’re a full-fledged whale with a yacht.
Source: https://x.com/SharpLinkGaming/status/1957774817018692052
ETH ETF weekly inflows: record $2.85B. BTC ETF – just $548M. Classic playbook: while Bitcoin wears the crown, Ethereum is trying it on. Looks like investors are thinking: “BTC is solid, but ETH has a bigger upside.”
Strategy and Metaplanet keep stacking BTC. Strategy bought another 430 BTC ($51M), and Metaplanet added 775 BTC ($93M). Both firms are sticking to their plan, and so far, it’s delivering not just conviction – but profits.
Hyperliquid CEO: “We have no partnerships with market makers” + record $102.4M revenue per employee. Sounds like a dream startup: zero bureaucracy, max profits. No market makers either – just pure Wild West DeFi.
Source: https://x.com/HyperliquidFR/status/1957496587393048950
Coinbase, Binance, Kraken, Robinhood, PayPal, Ripple, and others team up to track stolen crypto. When all the rivals stand on the same side of the barricade, you know the stakes are high. Hackers may soon need to cosplay as “grandmas with MetaMask.”
Powell hints at a September rate cut. Just a few words and markets jumped like DOGE on a Musk tweet. That’s charisma.
Source: https://x.com/WatcherGuru/status/1958893683299717477
U.S. and EU sign $750B trade deal with 15% tariffs. While crypto rockets to space, fiat guys are still haggling over tariffs. Still, $750B is a serious amount – even for Bitcoin maxis.
China cuts U.S. Treasury holdings for the third straight month. Looks like Beijing is doubling down on yuan + Bitcoin. The dollar might be in for a fight.
U.S. bankruptcies surpass 2020 COVID levels. Inflation, debt, revenue-less startups – it’s all back in trend. The only question: when will the U.S. government be the first to declare bankruptcy?
U.S. DOJ investigates Fed board member Lisa Cook. Drama alert: the Fed isn’t just economics, it’s got its own soap opera – “Financial Passions.”
Source: https://x.com/KobeissiLetter/status/1958170357526843590
U.S. DOJ clears decentralized software developers. Big one: the DOJ finally said “code is not a crime.” Developers can once again build DeFi without fearing jail time.
Qubic mining pool threatens a 51% attack on Dogecoin. DOGE is back in the spotlight. The question: will this end with another wild short squeeze?
Hackers disguise Lumma Stealer as a captcha. Imagine proving you’re “not a robot” only to lose your crypto. Irony, upgraded.
Upcoming major token unlocks:
SUI: $152.66M (1.3%)
SVL: $31.86M (20.1%)
JUP: $26.12M (1.8%)
OP: $22.84M (1.8%)
KMNO: $12.97M (8.7%)
HUMA: $9.44M (21.6%)
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.
