Weekly Crypto Market Wrap July 28-August 3, 2025
Trump fired the head of the Bureau of Labor Statistics… over a bad report! But the markets weren’t impressed: both stocks and crypto slipped into correction. BTC dropped 4.5%, triggering panic among altcoin holders — though a major crash was narrowly avoided.
SEC Approves In-Kind Redemptions for BTC and ETH ETFs. Institutions can now redeem ETF shares for actual Bitcoin and Ethereum instead of dollars — a major step toward crypto-native finance.
Bloomberg: 85–90% Chance of Altcoin ETFs Launching in September. Ethereum won’t be alone much longer — expect Solana and others to join the ETF club soon.
Strategy Posts $10B in Q2 Profits; Raising $8B+ With Metaplanet. While retail cries bear market, whales are raking in billions. As always, your perspective depends on whether you're a trader or sit on a board.
Tether Mints $20B USDT YTD, Reports $4.9B Profit for Q2. Tether’s printer is humming — not monopoly money, but dollar-backed USDT. It’s also now one of the largest holders of U.S. treasuries.
Coinbase + JPMorgan to Launch Tokenized Stocks & U.S. Prediction Markets. It’s real: America’s top bank and a major crypto exchange are teaming up to create tradable tokenized equities and on-chain prediction markets.
Kraken Preps for IPO at $15B Valuation. The exchange is ready to go public — another leap toward mainstream adoption.
Trump Imposes New Tariffs on 60+ Countries. The next chapter in global trade wars is here. With inflation risks and geopolitics rising, crypto could once again be a key volatility hedge.
U.S. Q2 GDP Grows 3%, Beating 2.5% Forecast. The economy’s running hot, despite rising unemployment. A classic bullish paradox.
U.S. & EU Sign Trade Deal With 15% Tariff. Global trade just got a new fee — and it could shift capital flows in ways that fuel crypto’s appeal.
Ray Dalio Exits Bridgewater, Sells Final Shares. Another legend bows out. The question now: does Bitcoin catch his eye?
OpenAI Raises $8.3B at $300B Valuation. Sam Altman’s building the next-gen AI empire — and notably, Google is not on the cap table.
White House Releases Crypto Regulatory Report. The document aims to make crypto a pillar of the future economy. Blockchain dollarization is accelerating.
Altman: What You Say to ChatGPT Can Be Used in Court. Crypto Twitter paranoia just got a legal edge. Welcome to your own personal 1984.
Source: https://x.com/GlobeEyeNews/status/1949212183080079607
Algeria Officially Criminalizes Crypto. Using Bitcoin in Algeria can now get you jail time. Decentralization isn't global yet — but the tide may turn eventually.
Upcoming major token unlocks:
ENA: $105.46M (2.7%)
IMX: $12.25M (1.3%)
MOVE: $6.41M (1.9%)
BB: $4.15M (10.4%)
AGI: $3.58M (3.6%)
IOTA: $2.82M (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.
