The Assets

Daily Report 20 Aug 2025

Digital Assets Daily Report -

Global markets retreated as tech sector profit-taking led broad declines, with the Nasdaq falling 1.46% and S&P 500 down 0.59% while the Dow managed a modest 0.02% gain, as investors rotated away from AI stocks amid bubble concerns raised by OpenAI CEO Sam Altman and awaited clarity from the Jackson Hole symposium. European markets bucked the trend with the EuroStoxx 600 gaining 0.69% on hopes for Ukraine-Russia peace talks following meetings between European leaders, Ukraine, and the US, boosting luxury goods and French stocks while defense names retreated 2.6%. Commodities declined broadly as geopolitical tensions eased, with oil hitting two-month lows as WTI fell 1.69% to $62.35 on oversupply concerns and Trump's call for a Putin-Zelensky summit, while gold dropped 0.51% and Bitcoin fell 2.5% to $113,554 as investors reduced risk exposure ahead of Fed policy guidance.

The global crypto market cap decreased 1.20% in the past 24 hours to $3.83tn. 

  • In the past 24 hours, crypto liquidations increased 39% and totaled $450m. Long positions accounted for 82.4% of these liquidations. In terms of market share, ETH dominated with 38.9% of total liquidations, followed by BTC at 22.5%.
Source: Coinglass
  • According to SoSo Value data, US Spot BTC ETFs saw a dramatic escalation in outflows with $523 million in net outflows on August 19, representing a 329.6% increase from the previous day's $121.8 million, driven by broad-based selling across major funds including Fidelity's FBTC ($246.89 million), Grayscale's GBTC ($115.53 million), and Bitwise's BITB ($86.76 million). The widespread nature of the outflows, affecting eight of the twelve ETFs compared to previous days' more concentrated selling, suggests a fundamental shift in investor sentiment.
US BTC Spot ETFs. Source: SoSo Value
  • According to data from SoSo Value, US Spot ETH ETFs experienced accelerating outflows with $422 million in net outflows on August 19, marking a 114.8% increase from the previous day's $197 million, driven by broad-based selling across all major funds including Fidelity's FETH ($156.32 million), Grayscale's ETHE ($122.05 million), and Grayscale's ETH ($88.53 million), while even BlackRock's ETHA recorded its first significant outflow of $6.27 million in recent sessions. The widespread selling affected eight of the nine ETFs with substantial outflows, suggesting institutional profit-taking as ETH prices declined.
US ETH Spot ETFs. Source: SoSo Value
  • Short-term Bitcoin holders sold over 20,000 BTC at a loss since Sunday as Bitcoin retreated 9.4% from its $124,500 all-time high to below $114,000.
  • From January 2021 to July 2025, Ethereum-based transactions in Latin America totaled $45.5 billion, comprising around 75% of all flows in the region during that period.
  • Latin America's centralized crypto exchange flows grew ninefold from $3 billion in 2021 to $27 billion in 2024, driven primarily by Bitso which processed over $25.2 billion in flows and captured 93% market share, while Ethereum-based transfers dominated with $45.5 billion (75% of all flows) from January 2021 to July 2025, according to a new Dune Research report.
  • Concordium launched a mobile app using zero-knowledge proofs for anonymous age verification, allowing users to prove they're over 18 without revealing their identity, as demand grows for privacy-safe solutions amid backlash against the UK's new mandatory online ID checks.
  • SharpLink Gaming purchased $667 million worth of Ether at an average price of $4,648 per ETH last week, bringing its total holdings to 740,760 ETH worth approximately $3.2 billion, as the sports betting platform continues accumulating the cryptocurrency near record highs while deploying substantially all holdings in staking activities.