Daily Report 7 Aug 2025

Global markets rose as investors digested corporate earnings and domestic investment announcements, with the Dow Jones gaining 81 points (+0.18%) to 44,193, S&P 500 advancing 46 points (+0.73%) to 6,345, and Nasdaq leading with a 252-point surge (+1.21%) to 21,169, driven primarily by Apple's 5.09% jump after announcing an additional $100 billion investment in US manufacturing that brings its total domestic commitment since February to $600 billion. The global crypto market cap is up 0.8% over the past 24 hours to $3.75tn.

• In the past 24 hours, crypto liquidations decreased by 58.75% and totaled $147.48m, with 55.55% of them short positions. ETH positions made up 34.1% of all liquidated positions.

• According to data from SoSo Value, Bitcoin ETFs recorded positive inflows of $91.55 million on August 6, 2025, marking a strong reversal from the previous day's $196.18 million in outflows as institutional investors appeared to stabilize their positions amid Bitcoin's 1.49% recovery. BlackRock's IBIT led the renewed demand with $41.93 million in inflows, followed by Bitwise's BITB at $26.35 million, Grayscale's GBTC at $14.50 million, and Fidelity's FBTC contributing $10.06 million, while only Ark's ARKB posted outflows of $5.37 million, demonstrating broad-based institutional re-engagement across most major funds. Trading volume moderated to $2.39 billion as total net assets rose to $148.50 billion and cumulative inflows since launch reached $53.74 billion, suggesting investor sentiment may be stabilizing after the volatile period that began with the record $812.25 million outflow on August 1, though flows remained well below the peak levels seen in mid-July when funds attracted over $1 billion in single-day investments.

• According to data from SoSo Value, Ethereum ETFs recorded continued inflows of $35.12 million on August 6, 2025, marking a second consecutive day of positive flows though at a slower pace than the previous day's $73.22 million as Ethereum rallied 3.29% amid broader crypto market recovery. BlackRock's ETHA dominated inflows with $33.39 million, while Grayscale's typically outflow-prone ETHE posted a rare $10.04 million inflow due to its high 2.50% fee structure, and 21Shares' CETH contributed a modest $367,000, with all other major funds recording zero activity except for Grayscale's ETH which posted $8.67 million in outflows. Trading volume declined to $995.61 million as total net assets rose to $20.61 billion and cumulative inflows since launch reached $9.13 billion, suggesting institutional appetite for Ethereum exposure continues to stabilize following the massive $465.06 million outflow on August 4, though flows remained well below the peak momentum seen in late July when funds attracted over $450 million in single-day investments during Ethereum's surge above $3,600.

• Ethereum daily transactions have reached a one-year high as over 36.1 million Ether (30% of total supply) is now staked on the network.

• Nomura's crypto subsidiary Laser Digital became the first company licensed under Dubai's Virtual Asset Regulatory Authority pilot framework to offer regulated over-the-counter crypto options to institutional clients.
• UK-listed Smarter Web Company raised $21 million through a Bitcoin-denominated convertible bond offering backed by French asset management firm Tobam, marking what the CEO called "a first for the UK capital markets" as the 12-month bonds can convert to shares at a 5% premium or be repaid in Bitcoin at maturity.
• Japanese financial giant SBI Holdings unveiled plans to launch the country's first dual-asset cryptocurrency ETF combining Bitcoin and XRP for listing on the Tokyo Stock Exchange, along with a second product mixing 51% gold ETFs and 49% crypto ETFs, pending regulatory approval as Japan's Financial Services Agency works to reclassify crypto assets under traditional financial product regulations.
• South Korea's KakaoBank, serving 25.86 million users (roughly half the country's population), announced plans to "actively participate" in the stablecoin market through issuance and custody services following the election of pro-crypto President Lee Jae-Myung who has pushed forward legislation to legalize stablecoins.
• Circle's USDC accounted for 63% of salaries paid in cryptocurrency in 2024, surpassing USDT in compensation despite the latter's trading dominance, according to Pantera's Global Compensation Survey.
• Bitcoin miner IREN Ltd. shares surged 11.4% to $18.32 on Wednesday after reporting it mined 728 Bitcoin in July, outperforming industry leader MARA Holdings' 703 BTC despite having a smaller hashrate, pushing IREN's market cap to $4.11 billion and making it the second-largest public Bitcoin miner.