Daily Report 15 Aug 2025

Global markets were mixed, with the Dow Jones (-0.02%) and Nasdaq (-0.01%) edging lower, while the S&P 500 (+0.03%) inched higher, as the July Producer Price Index surged 0.9% month-on-month and 3.3% year-on-year—the largest monthly increase in three years—reigniting inflation concerns and pushing the 2-year Treasury yield to 3.73% while pricing out expectations for a 50 basis point Fed rate cut in September. Market breadth was weak with over 350 S&P 500 stocks closing lower, while small-cap Russell 2000 fell 1.2% and Intel rallied on reports of potential US government strategic investment. European markets bucked the trend with the Stoxx 600 gaining 0.5% for a third consecutive day, led by insurance stocks despite mixed earnings including Adyen's 4.9% drop on growth warnings and AutoStore's record 40% surge. Commodities saw oil climb 2.2% and gold slip 0.5% as the stronger dollar weighed on safe-haven demand, with cryptocurrencies retreating as Bitcoin fell 4.1% to $117,951 and Ether down 3.9% amid tightening financial conditions.

The global crypto market cap is down 2.77% in the past 24h to $4.04tn, with the 24h volume increasing 8.5% to $272bn.

• In the past 24 hours, crypto liquidations increased by 114.3% and totaled $967m. Notably, long positions accounted for $827m of these liquidations, marking a 409% rise, while short positions totaled $139m, representing a 50% decline. In terms of market share, ETH dominated with 35% of total liquidations, followed by BTC at 17%. The substantial increase in long liquidations and ETH's dominance may signal a market correction, while the decrease in short liquidations could indicate waning buying pressure.

• According to data from SoSo Value, the US Spot BTC ETF market saw a notable surge on August 14, 2025, with a daily net inflow of $230.9m, representing a 165.7% change from the previous day. This significant increase contributed to a total assets under management (AUM) of $153.4bn, with a daily volume of $6.2bn. While the recent daily inflows have been volatile, with swings between $65.9m and $403.9m, the weekly net inflows paint a more consistent picture, with $561.9m flowing in over the past four days. The top ETFs by AUM, led by IBIT with $88.6bn, also saw notable activity, although the daily volume for some, like FBTC and ARKB, was negative, suggesting some profit-taking or rebalancing. Overall, the market's performance on August 14 marked the 7th consecutive session of net inflows.

• According to data from SoSo Value, US Spot ETH ETF markets saw a daily net inflow of $639.6m, a 12.3% decline from the previous day's $729.1m, amidst a total asset base of $29.2bn. While the daily volume remained robust at $4.2bn, the recent inflows have been notable, with the past four days (August 11-14) cumulative inflow reaching $2.9bn, significantly higher than the $1.2bn seen in the preceding week (August 4-8). The top ETFs by assets under management (AUM) continued to be led by ETHA with $15.9bn, followed by ETHE with $5.1bn, and the daily trading volumes for these funds remained substantial, with ETHA seeing $519.7m in daily trades. Overall, the market appears to be maintaining a strong inflow trend, with some fluctuations in daily volumes, but no drastic changes in the overall market performance were observed on this date.

• Coinbase reports that Bitcoin's dominance has fallen to a six-month low as the altcoin market capitalization has surged 50% since July.
• Coinbase lost $300,000 in token fees after mistakenly approving assets to a 0x swapper contract, allowing an MEV bot to drain its corporate wallet, in a significant security lapse that exposed the exchange to financial exploitation.
• Spar is launching crypto and stablecoin payments through Binance Pay and DFX.Swiss across 300 Swiss supermarkets, marking the first time a retail chain in Switzerland has offered such payment options.
  
• Vietnam's police have arrested 20 people for their involvement in a multibillion-dollar Ponzi scheme centered around PayNet Coin, marking the country's largest crypto scam to date.
• Austria-based crypto platform Bitpanda launched in the UK on Thursday with access to over 600 crypto assets and a multi-year Arsenal FC partnership, aiming to become one of its top three markets within two years despite facing established competitors like Binance UK and Coinbase in a market hampered by regulatory delays that may not see full licensing until late 2026.
• Citigroup is exploring providing custody and payment services for stablecoins and crypto ETFs, with a top executive telling Reuters the bank is considering safekeeping assets backing stablecoins, custodying digital assets for crypto investment products, and developing services to speed up payments using blockchain technology.