Global markets were mixed as the Dow Jones (-0.51%) and S&P 500 (-0.08%) slipped, while the Nasdaq (+0.35%) gained. The US trade war escalated with President Trump imposing a 50% tariff on Indian exports and a 39% tariff on Swiss goods, sparking concerns over global trade. The Bank of England cut interest rates to 4% in a tight 5-4 vote, citing "genuine uncertainty" over inflation. Meanwhile, China's exports surged in July as companies rushed to beat US tariffs, and the US hit one-kilo gold bars with tariffs, affecting the global bullion market.

The global crypto market cap is up 2.92% over the past 24 hours to $3.86tn with the 24h volume increasing 44% to $181.6bn

  • In the past 24 hours, crypto liquidations increased by 177% and totaled $405.5m, with 77.8% of them short positions. ETH positions made up over 46% of all liquidated positions.
Source: Coinglass
  • According to data from SoSo Value, the US Spot BTC ETF market saw a significant surge on August 7, 2025, with a daily net inflow of $280.7 million, marking a 206% increase from the previous day's $91.55m. This influx of capital pushed total assets to over $150.9 billion, with daily volume reaching $3.55 billion. Notably, this spike in inflows comes after a streak of outflows, including a substantial $812.2 million outflow on August 1, and a weekly net outflow of $157.1 million from August 4 to 7. The top ETFs by assets under management (AUM) remained relatively stable, with IBIT leading the pack at $86.4 billion, with its daily volume increasing to $156.6 million. Overall, the sudden and dramatic increase in inflows on August 7 is a notable trend, suggesting a potential shift in investor sentiment after a period of decline.
US BTC Spot ETFs. Source: SoSo Value
  • According to data from SoSo Value, Ethereum Spot ETFs also saw a dramatic surge on August 7, 2025, with a daily net inflow of $222.3 million, a staggering 533% increase from the previous day. This sudden influx of funds stands out against the backdrop of recent volatility, with the market experiencing significant outflows just a few days prior, including a $465 million outflow on August 4. The total assets under management now stand at $21.8 billion, with the top ETFs by AUM, such as ETHA and ETHE, continuing to dominate the market. Notably, the daily volume reached $1.9 billion, indicating a high level of investor activity and interest in the ETH ETF market, particularly on this day when the inflows were unusually strong.
US ETH Spot ETFs. Source: SoSo Value
  • According to Cointelegraph, the White House confirmed to them that US President Trump will sign an executive order allowing cryptocurrencies and other alternative assets like private equity and real estate to be included in 401(k) retirement plans, potentially opening access to digital assets for the $12.5 trillion US retirement market by directing the Labor Department to reevaluate current restrictions and provide guidance on fiduciary processes.
  • The European Banking Authority finalized draft rules requiring EU banks to hold 1,250% risk weight capital against "unbacked" cryptocurrencies like Bitcoin and Ether, meaning banks must hold 12.5 times more capital than the crypto asset's value, contrasting sharply with global trends toward embracing crypto within traditional financial frameworks.
  • Bitcoin miner CleanSpark reported record quarterly results with revenue of $198.6 million (up 91% year-over-year) and net income of $257.4 million, becoming the first public company to achieve 50 exahashes per second in the US while expanding its Bitcoin treasury to 12,703 BTC worth $1.48 billion without raising capital through equity offerings.
  • The Smarter Web Company, a publicly listed firm in the United Kingdom, has announced an increase in its Bitcoin holdings, acquiring an additional 50 BTC and bringing its total holdings to 2,100 BTC.