Arp's Crypto Digest

General Digital Asset Market View:

General Digital Asset Market View:

Bitcoin ETFs recorded $460.7 million in inflows, while Ethereum ETFs saw a record-breaking $2.85 billion, the highest level ever, surpassing July’s peak. Overall, combined trading volume for BTC and ETH ETFs hit $40 billion, setting a new milestone for the market. This influx reflects growing optimism driven by the Trump administration’s pro-crypto policies, steady July CPI data supporting the case for Fed rate cuts in September, and a trend of corporations diversifying into crypto treasuries.

Macro:

The Jackson Hole symposium on August 21–23 will be the main event next week, with Powell confirmed for 10am ET on Friday. The Fed will also release its July FOMC minutes on Wednesday and central banks in Sweden and New Zealand will decide on rates. In economic data, the focus will be on the global flash PMIs for August due Thursday. Otherwise, inflation prints are due in the UK, Japan and Canada. Earnings from key US retailers will provide an update on consumer spending.

More Crypto:

BTC dominance has slipped from 65% to 59% in just two months, highlighting rising altcoin appeal amid broader risk-on sentiment.

For the first time, monthly net inflows into Ethereum ETFs have surpassed those for Bitcoin ETFs, signaling a shift in institutional focus.

KYC data leaks are increasingly leading to real-world attacks on crypto investors.

Over 80M records — including 2.2M with home addresses — are now exposed, putting even small holders at risk of abductions and key extortion. Attack spikes tend to coincide with bull markets.

What Happened This Week:

• SEC Chair Paul Atkins says the U.S. is mobilizing to become the world’s crypto capital.

• Fed to end program overseeing banks’ Bitcoin, crypto, and fintech activities.

• Trump-backed miner plans Japan & Hong Kong listing to acquire more Bitcoin.

• Treasury Secretary Bessent says the US government will not buy Bitcoin.

• Do Kwon pleads guilty to fraud over $40B LUNA collapse.

What to Look Out For:

• Citigroup eyes stablecoin and crypto ETF custody, payments services.

• MetaMask to launch mUSD stablecoin this month with Stripe bridge and Blackstone treasury support.

• Fintech giant Stripe building ‘Tempo’ blockchain with Paradigm.

• Paxos applied to OCC to convert its NY trust charter into a national one.

• Trump extends China tariff deadline by 90 days.

What we enjoyed reading and listening to:

• The Evolution of Digital Asset Secondary Markets — 2025 — Link

• Economic Lessons from the Screwtape Letters — Link

• The Great Rotation Is Here: Why ETH is Outperforming and What Comes Next — Link

• Vitalik Buterin: How Ethereum Becomes The World Ledger — Link

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