On August 5, trader Eugene Ng Ah Sio posted on his personal channel that he has taken profit on his ETH long order. Previously, on August 2, Eugene posted stating, "I have gone long on ETH again. The bullish sentiment in August has been overly chased by the market, but $113,000 for BTC and $3,500 for ETH remain reasonable Build a Position levels, with the stop loss set at $112,000 and below $3,400. Although the hype around data availability technology (DAT) may gradually fade, there is still substantial structural buying in the current market, so it is not advisable to turn bearish too quickly."

On August 5, the altcoin season index rose to 43, indicating that 43 projects among the top 100 Crypto Assets surpassed Bitcoin in terms of price increase, marking the development trend of the altcoin market.

On August 5th, analysts monitored an ancient Whale holding 3963 BTC, who transferred 108 BTC, valued at approximately 12.42 million USD. The Whale recently conducted small tests and may sell in the near future, currently holding 3360 BTC in the Wallet, valued at approximately 385 million USD.

On August 5, according to Coindesk, 10x Research founder Markus Thielen predicted that the most realistic price target for Bitcoin by the end of 2025 is $142,000. So far this year, $20.6 billion has flowed into the Bitcoin market, and at the current rate of capital inflow, an additional $14 billion is expected to enter the market—this will drive the price of Bitcoin to $142,000.

On August 5, Trump will be interviewed live on CNBC's "Squawk Box" at 20:00 Beijing time (8:00 AM Eastern Time) to share his views on issues such as the economy, employment, the Fed, and tariffs.

CEX CEO Brian Armstrong stated that they will continue to distribute USDC rewards to users, calling it a differentiated advantage to attract users. Although the "GENIUS Act" restricts stablecoin issuers from paying interest, Armstrong pointed out that CEX is not an issuer. The Annual Percentage Rate for USDC provided by CEX is 4.1%, while PayPal offers a 3.7% annual yield for PYUSD holders.

The U.S. Securities and Exchange Commission (SEC) has issued new guidelines that classify certain stablecoins as cash equivalents and is gradually retracting strict policies to encourage Financial Institution participation in the crypto market.

The financial report released by the cryptocurrency exchange CEX shows a 26% decline in revenue, and the stock price has fallen over 15%. Despite the short-term poor performance, analysts believe the company is building a complete encryption ecosystem, laying the foundation for future growth, and suggest investors Buy the Dips.

On August 5, The Wall Street Journal reported that the White House is preparing to intensify pressure on large banks regarding their perceived discrimination against conservative individuals and crypto assets companies, planning to issue an executive order that threatens to impose fines on banks that refuse to serve clients for political reasons. A draft of the executive order obtained by The Wall Street Journal indicates that the order will instruct bank regulators to investigate whether any financial institutions have violated the Equal Credit Opportunity Act, antitrust laws, or the Consumer Financial Protection Act.

On August 5, Solana Mobile officially announced on social media that its second phone, Seeker, started shipping on August 4, 2025. At the same time, the Solana Mobile ecosystem will introduce the native Token SKR to incentivize developers and users to participate in the construction of the mobile Web3 ecosystem, but the SKR Token has not been officially issued yet.

[The ETF Store President: The White House is preparing an executive order aimed at punishing banks that discriminate against Crypto Assets companies] The ETF Store President Nate Geraci posted on the X platform that the White House is preparing an executive order aimed at punishing banks that discriminate against Crypto Assets companies.

On August 5, the Meme project BONK tweeted that, based on the fees generated by the Letsbonk.Fun platform, 300 billion BONK (approximately 8.05 million USD) have just been burned.

The probability of a rate cut by the Fed in September reached 94.4%, and Daly indicated that the timing for a rate cut is approaching and may exceed two times. The EU has suspended trade retaliation against the US for 6 months. USDC Treasury is minting a new coin worth 316 million, and OpenMind has completed a $20 million financing.

On August 5, according to The Information, the blockchain lending company Figure Technology has secretly submitted an IPO application.

Solana has started selling the Seeker phone in over 50 countries, with reservations exceeding 150,000 units, and expected sales will generate at least $67.5 million in revenue. The Seeker phone is equipped with upgraded technology and a decentralized app store, featuring stronger on-chain capabilities, which is a significant improvement over the first-generation Saga phone.

The Commodity Futures Trading Commission (CFTC) is studying the possibility of allowing registered futures trading platforms to list leveraged digital assets such as Bitcoin and Ethereum. CFTC Acting Chair Caroline Pham proposed this solution and is seeking public comments, with a deadline of August 18.

[USDC Treasury adds minting of 316 million USDC] In the past 3 hours, USDC Treasury added minting of 316,765,680 USDC.

[U.S. Congressman Calls for Investigation into CFTC Chairman Nominee Quintenz's Relationship with Prediction Market Kalshi] U.S. Congressman Dina Titus wrote to CFTC Acting Chairman Caroline Pham, requesting an investigation into whether Chairman nominee Brian Quintenz violated regulatory policies and ethical standards. Titus questioned whether Quintenz, during his time on the board of the prediction market company Kalshi, may have solicited non-public information and had conflicts of interest. Quintenz has stated that he will resign from the Kalshi board if confirmed. His Senate confirmation vote has been postponed twice.

FinCEN warns Financial Institutions to pay attention to Crypto Assets ATMs being abused by criminal organizations, involving Money Laundering and scams targeting the elderly. Criminals use these devices for illegal activities, and some operators fail to comply with Compliance requirements. Congress is taking steps to strengthen regulation.

San Francisco Fed President Daly stated that due to a weak labor market and weakened tariff inflation, the timing for interest rate cuts is approaching, with two 25 basis point cuts possible this year. She emphasized that future meetings will discuss policy adjustments depending on the inflation and labor market conditions.