Week of August 5 - 11, 2025
Senator Cynthia Lummis has introduced the 21st Century Mortgage Act, a new bill that would allow major U.S. mortgage lenders like Fannie Mae and Freddie Mac to recognize cryptocurrency as an asset when evaluating home loan applications—without requiring conversion to cash. The bill primarily targets younger generations, who currently face significant barriers to homeownership.
SEC Chairman Paul Atkins, speaking at the America First Policy Institute, called on crypto companies that previously “fled” the U.S. to return, while Treasury Secretary Scott Bessent declared that the country is entering a “golden era of crypto.”
Tether reported Q2 2025 profits of $4.9 billion, a 277% year-over-year increase. USDT now commands 61.7% of the total stablecoin market, with a market cap exceeding $164.5 billion, and ranks as the 18th largest holder of U.S. Treasury securities globally.
Strategy Inc. posted record-breaking Q2 net profits of $10 billion and announced plans to issue $4.2 billion worth of Preferred Stock (Series A STRC) to raise additional funds for Bitcoin purchases. This is part of the long-term “42/42 Plan” to accumulate $84 billion in Bitcoin.
Spot Bitcoin ETFs began August with net outflows totaling $812.25 million—marking the second-largest single-day outflow in history. At the same time, Spot Ethereum ETFs saw their 20-day inflow streak end with a sharp $152.26 million withdrawal.
JPMorgan has announced a partnership with Coinbase to allow customers to purchase crypto using JPMorgan credit cards starting this fall. Next year, the bank plans to enable customers to convert Chase Ultimate Rewards points into USDC. JPMorgan also revealed plans to offer crypto-backed loans using Bitcoin and Ethereum as collateral.
Bitcoin (BTC) has pulled back to test key support at $112,000, where buying pressure has kept the short- to mid-term trend bullish. The next resistance target is $130,000, though caution is advised near $110,000 support. Expect BTC to continue moving in a sideways-up pattern through the week.
Ethereum (ETH) experienced a slight pullback but has since rebounded, continuing to show relative strength. Watch $3,200 as a potential accumulation zone. ETH still has room to move up toward the next target at $4,800—look for buying opportunities during dips.
Toncoin (TON) delivered a 9.24% weekly return, outperforming the overall market. Resistance is at $3.869, while $3.400 is a potential entry point. The trend is expected to remain sideways-up.
TRON (TRX) posted a -0.16% return over the past week and remains in a sideways-up pattern. Consider entering above $0.2969 and targeting short-term profits at $0.3564 resistance. TRX may appeal to investors seeking lower volatility.
The cryptocurrency market saw a correction following the FOMC meeting, which left interest rates unchanged at 4.5%. The post-meeting statement stopped short of reaffirming a 0.25% rate cut in September, making future decisions data-dependent.
Meanwhile, U.S. Non-Farm Payroll (NFP) figures came in significantly below expectations, sparking a sell-off in the U.S. stock market and some spillover pressure on crypto. However, Bitcoin (BTC) has held above key support and began recovering early in the week.
The market downside now appears limited, and the correction may be nearing its end. Market focus is shifting to whether the Fed will proceed with a 0.25% rate cut, which could be a positive driver for crypto assets.
One risk in August and September is that U.S. equities often underperform in these months, and outflows from crypto ETFs have started after steady July inflows. Still, this is likely to keep the crypto market in a sideways-up trend.
Ethereum (ETH) continues to outperform Bitcoin, and the Total3 Index (excluding BTC and ETH) has pulled back without forming new lows—indicating opportunities to accumulate high-potential altcoins.
This week, Q2 earnings reports from Apple, Microsoft, Meta, and Amazon—collectively about 20% of the S&P 500—could drive the U.S. stock market to new highs if results beat expectations, which would also benefit crypto.
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