US-listed Ethereum exchange-traded funds (ETFs) continued their positive momentum on Aug. 27, adding $307.2 million in fresh inflows.

According to SoSo Value data, BlackRock’s ETHA accounted for the lion’s share, drawing $262.23 million,  representing nearly 85% of the day’s total.

Fidelity’s FETH and Grayscale’s ETH contributed $20.52 million and $15.05 million, respectively, while Grayscale’s ETHE and VanEck’s VETH added smaller sums of $5.65 million and $3.35 million.

Meanwhile, this inflow marked the fifth consecutive trading day of gains for the nine products. Cumulatively, spot Ethereum ETFs have attracted roughly $1.83 billion in inflows over this five-day run, reflecting the significant institutional appetite for the asset.

Speaking on the trend, Nate Geraci, president of advisory firm NovaDius Wealth, highlighted the broader pace of investment, saying:

“[Ethereum ETFs have attracted] $4 billion in August. Approaching $10 billion since the beginning of July.”

With these additions, Ethereum ETFs now hold $30.17 billion in net assets, backed by $13.64 billion in cumulative net inflows since their 2024 launch.

Bitcoin ETFs lag Ethereum counterparts

While Ethereum products are leading the inflow race, spot Bitcoin ETFs also posted gains, recording $81.3 million on the same day. Notably, this is their third straight session of inflows.

According to the data, BlackRock’s IBIT led with $50.73 million, followed by Fidelity’s FBTC at $14.65 million.

Other funds, such as Invesco’s BTCO and Franklin’s EZBC, collected $6.71 million and $6.48 million, respectively, while ARK’s ARKB added $5.58 million. Bitwise’s BITB, however, recorded a $3.05 million outflow.

Despite this daily uptick, Bitcoin ETFs have recorded over $800 million in outflows this month, in contrast to the significant inflows of their Ethereum counterparts.

Still, Bitcoin ETFs hold a larger cumulative footprint, with $54.19 billion in net inflows since launch and $144.57 billion in assets under management.

These numbers can be attributed to the significant institutional interest that the funds had recorded in the past.

CryptoSlate previously reported that institutional investors increased their ETF holdings to $33.6 billion in the second quarter, driven by renewed investments from financial advisors.

According to Kronos Research, financial advisors’ BTC ETF holdings signify that the top crypto is becoming more embedded in mainstream wealth management, which would support its liquidity and potentially lower its volatility over time.

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Hongji Feng

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Hongji Feng

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Hongji is a reporter who covers crypto, finance, and tech. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX,…

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August 1, 2025

The crypto market enters August 2025 with mixed interpretations about whether an altcoin season is taking shape.

While Bitcoin remains near its recent highs, some traders are shifting attention toward projects like Tron, Sui, and Pi Coin. Each shows contrasting price action and sentiment, making them part of the debate over the durability of the current altseason trend.

Tron: Steady Growth With Utility

Tron (TRX) has maintained steady traction in recent weeks. The Tron price is around $0.32, according to CoinMarketCap, with a market cap of about $31 billion and daily trading volume of nearly $1.54 billion, up by 44% within the past 24 hours.

July trading showed a stable range between $0.28 and $0.33. This consolidation suggests steady demand despite market volatility. Analysts cite Tron’s DeFi footprint and lower supply compared to competitors as reasons why it continues to attract flows during periods when altcoin season activity rises.

Whale accumulation and consistent activity across Tron’s DeFi applications add to the case for continued relevance. Some research outlets have pointed to its ability to maintain liquidity and support ecosystem projects, which has allowed TRX to stay in the conversation despite stronger competition from the Ethereum and Solana ecosystems.

Sui: Growth Meets Recent Pullback

The Sui price currently sits near $3.58, supported by a market cap of about $12.3 billion and daily trading volume exceeding $2.4 billion. Data shows a modest pullback of about 5% over the past 24 hours, after a month of strong inflows.

Sui Price (Source: CoinMarketCap)

Sui’s object‑based design and parallel execution continue to set it apart among Layer‑1 protocols. On‑chain adoption in DeFi and GameFi has supported TVL growth, though recent price softness has tempered short‑term sentiment. LunarCrush metrics earlier in July showed strong social engagement, reinforcing that traders continue to monitor SUI closely despite the decline.

Analysts suggest late‑2025 could prove important if upcoming integrations and ecosystem expansions deliver new user activity. For now, Sui represents an asset with utility and traction but is facing pressure from broader market sentiment.

Pi Coin: Supply Concerns Pressure Sentiment

The Pi Coin price is trading around $0.4, with recent reports pointing to downward pressure following a July supply unlock.

Pi’s daily volumes remain low compared to Tron and Sui, indicating weaker liquidity. Analysts note that a 17% drop in July coincided with a token unlock event of about 160 million PI, raising concerns about further dilution.

Investor sentiment remains cautious. Without clear use cases or robust DeFi integration, Pi’s price action suggests it is more dependent on community participation and speculative cycles than underlying protocol adoption.

Altcoin Season or Market Pause?

The Altcoin Season Index remains 36, meaning that Bitcoin continues to outperform most altcoins. Yet the steady performance of Tron, the active though volatile market for Sui, and the ongoing debate over Pi Coin show that interest in mid‑cap assets persists.

Some traders argue that altseason requires a broader rotation into tokens like these. Others believe current conditions represent selective trading rather than a full cycle.

Whether this develops into a sustained altcoin season remains uncertain. Tron offers steady liquidity and usage, Sui continues to build out infrastructure despite recent declines, and Pi Coin reflects the risks of supply shocks.

Together, these tokens capture the range of outcomes possible in an altseason: steady performers, growing platforms, and speculative risks. For traders, they illustrate how the cycle can extend beyond Bitcoin—even if the breadth of participation remains limited.

WOO X suffered an authorized breach on July 24, resulting in the theft of roughly $14 million in crypto.

The exchange said it is investigating the “contained incident” and revealed that the breach resulted in unauthorized withdrawals from nine user accounts. The exchange has paused withdrawals as a precaution.

It added in its statement that it has already contacted the affected users and intends to reimburse them fully.

$14 million stolen through different tokens

Roughly 20 minutes later, the company reiterated that nine accounts were affected, emphasized that many attempted withdrawals had been blocked once the issue was detected, and repeated its commitment to cover all losses.

About an hour after the initial alert, WOO X updated the tally to $14 million and published six addresses that it claimed belonged to the exploiter. 

As of press time, the exchange did not provide further technical details on how the attacker gained access to the accounts or when withdrawals would be restored.

Around an hour after WOO X’s first announcement, Cyvers Alerts reported detecting more than $12 million in suspicious flows involving the exchange across Bitcoin, Ethereum (ETH), BNB Chain, and Arbitrum. 

According to Cyvers, 1 ETH address received $1 million in USDT from a WOO hot wallet, swapped it to ETH, and later moved $7.3 million to a new address. 

On BNB Chain, 5 BTCB were received from WOO, converted to BNB, and transferred to another brand-new address.

WOO X said it will provide another update once withdrawals are re-enabled. 

For now, the company assured users that the incident was limited to a small set of accounts that held a significant amount of crypto, and pledged to release more details about the attack vector and the timetable for restoring full platform functionality.

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The Federal Reserve is now facing a whopping $1.06 trillion in unrealized losses on its balance sheet.

The New York Federal Reserve Bank, which handles the Fed’s bond transactions, just disclosed the losses, linking them to the central bank’s tight monetary stance.

The Fed’s bonds are losing value as the bank maintains higher-for-longer interest rates in a push to fight inflation.

The agency says it will ensure the losses won’t hit its bottom line or cash transfers to the Treasury.

“The unrealized gain or loss position of the SOMA portfolio has no effect on net income or Federal Reserve remittances to the Treasury unless assets are sold and gains or losses are realized.

Unrealized gains and losses have no effect on the conduct of monetary policy.”

The New York Fed also notes the unrealized losses, which are recorded through the end of 2024, were offset slightly as the central bank let bonds mature without reinvesting.

The Fed’s bond portfolio began witnessing significant unrealized losses over the previous two years, clocking $1.08 trillion in 2022 and $948.4 billion in 2023.

The account witnessed unrealized gains of $354 billion in 2020 and $127.9 billion in 2021.

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Dogecoin’s open interest continues to decline, sparking a bearish outlook for the foremost meme coin. Based on historical data, the DOGE price is at risk of suffering a further crash thanks to the drop in its open interest.

DOGE Price At Risk As Dogecoin’s Open Interest Slides

The DOGE price is at risk as Dogecoin’s open interest slides. Coinglass data shows that the open interest is currently at $1.57 billion, way below its January 18 peak of $5.42 billion. It is also below the levels recorded in December 2024, when DOGE began to decline from its local high of around $0.46. 

The slide in Dogecoin’s open interest indicates that traders are currently on the sidelines and opting against trading or investing in the meme coin, which could further cause the DOGE price to decline. Besides the crash in open interest, other factors also paint a bearish outlook for the foremost meme coin and could spark a price crash. 

One is Donald Trump’s reciprocal tariffs, which are threatening to cause a global meltdown, with risk assets like Dogecoin unlikely to be spared. Thanks to this macro development, the DOGE price has already dropped from its weekly high of around $0.20 and is even at risk of entering bear market territory. 

Crypto analyst Ali Martinez warned that Dogecoin was at a make-or-break level. He stated that if the DOGE price holds above $0.16, then it could rally to $0.57. However, if it fails to hold the $0.16 support level, then a drop to as low as $0.06 could occur. Crypto analyst Master Kenobi also indicated that a decline below $0.14 could mark the end of DOGE’s bull run. 

Bullish Predictions For DOGE

Despite the bearish outlook for the DOGE price, some analysts are still bullish on Dogecoin’s trajectory. Crypto analyst CryptoElites stated that the foremost meme coin has hit the bottom. The analyst predicts that DOGE could hit at least $2 by the end of April or May. His accompanying chart showed that Dogecoin could even rally to as high as $2.7. 

Crypto analyst Aliimn also predicted that the DOGE price could rally above $2 as Dogecoin breaks out from a multi-year descending triangle. The analyst stated that this breakout has been confirmed by a surge above the Ichimoku Cloud resistance and a rising RSI. He added that DOGE is also showing strong bullish momentum. 

Crypto analyst Trader Tardigrade revealed that Dogecoin is forming an inverse head and shoulders pattern as a bottom. He claimed that both shoulders and the head have formed and that the next step is a breakout above the neckline, which would spark a rally to $0.2. 

At the time of writing, the DOGE price is trading at around $0.16, down over 2% in the last 24 hours, according to data from CoinMarketCap.

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A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers.

In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses.

The breach, which was discovered in late January and happened in October, impacts 21,899 customers, according to the filing.

“Western Alliance learned that an unauthorized actor had potentially accessed some of Western Alliance’s data on January 27, 2025. Our investigation determined that the unauthorized actor acquired certain files from the systems from October 12, 2024, to October 24, 2024…

On February 21, 2025, we determined that the files contained some of your personal information, including your name and Social Security number. The files may have also contained your date of birth, financial account number, driver’s license number, tax identification number, and/or passport, if you provided it to Western Alliance.”

The bank says it has informed law enforcement about the data breach and is offering customers a 12-month complimentary membership to an identity-theft protection service.

Western Alliance Bank currently has approximately $81 billion in total assets, according to the Federal Reserve.

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The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history.

On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets.

According to the firm:

“The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic.

As a result, the attacker was able to gain control of the affected ETH cold wallet and transfer its holdings to an unidentified address.”

While the exchange did not reveal the total amount stolen, on-chain data shows that the attacker siphoned 401,346.76 ETH (worth approximately $1 billion).

Meanwhile, blockchain analysis firm Lookonchain stated that the stolen assets involved around $1.5 billion in different assets, including staked Ethereum.

The platform added that the suspicious address has already begun swapping the stolen funds for ETH.

ByBit still operating

ByBit stated that all of its operations are still “normal” and that it was investigating the incident.

The exchange said:

“Our security team, alongside leading blockchain forensic experts and partners, is actively investigating the incident. Any teams with expertise in blockchain analytics and fund recovery who can assist in tracing these assets are welcome to collaborate with us.”

Meanwhile, Ben Zhou, ByBit’s CEO, corroborated the situation while emphasizing that:

“Bybit Hot wallet, Warm wallet and all other cold wallets are fine. The only cold wallet that was hacked was ETH cold wallet. ALL withdraws are NORMAL.”

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The altcoin sector is undergoing one of its most severe devaluations amid widespread sell-side pressure, with liquidity concentrated on a few trading pairs.

According to a recent Glassnode report, weak adoption and product-market fit have compounded these struggles. This has led to broad-based losses across all altcoin subsectors, and in recent weeks, altcoins have significantly underperformed Bitcoin (BTC).

Principal Component Analysis (PCA) has revealed that most ERC-20 tokens exhibit highly correlated price movements. This indicates a sector-wide sell-off with little differentiation among assets.

Data from Artemis showed that the average market performance since the Feb. 2 crash has been negative 3.4%, below BTC’s 1.5% price decrease in the same period. Additionally, just five of the 21 altcoin sectors tracked by Artemis displayed better average performances than Bitcoin’s.

The report highlighted that the altcoin market capitalization declined by $234 billion over the past two weeks, with only a handful of historical events recording larger absolute drawdowns. 

This substantial loss reinforces the notion of a bear market within the altcoin sector, contrasting Bitcoin’s relative resilience. In percentage terms, the current drawdown ranks among the largest in altcoin history, with only 41 out of 1,662 trading days experiencing a more severe decline.

However, the latest drawdown is still less extreme than May 2021’s Great Miner Migration and the TerraLUNA collapse in 2022.

Liquidity concentration in altcoins

Despite recent sentiment improvements following the US elections and a surge in altcoin exchange-traded fund (ETF) filings, liquidity remains highly concentrated. 

A recent Kaiko report pointed out that daily altcoin liquidity — measured by the 1% market depth of the top 50 tokens — has nearly doubled since September, reaching $960 million.

However, the top 10 altcoins by market cap now account for 64% of total market depth, while mid-cap tokens (ranked 20–30) have seen their share decline. 

Interestingly, smaller-cap altcoins (top 50) have gained ground, surpassing higher market-cap groups (top 40) in liquidity share. This trend suggests that while liquidity rebounds, it consolidates at the top, leaving many altcoins vulnerable. 

With Bitcoin showing strength relative to altcoins, a clear divergence is emerging within the digital asset market, raising questions about the long-term viability of numerous altcoin projects.

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