Crypto Market Pulse: Losing Steam or Gearing Up for the Next Big Move?
By CMC Research | 4-min Read | Updated: 4 Hours Ago Crypto market analysis this week
Market Overview: Are We Stalling or Just Taking a Breather?
- Bitcoin (BTC) rose 0.73%, while Ethereum (ETH) surged 15.8%.
- Total crypto market cap grew by 2.5% to $3.426T.
- Volatility led to major liquidations in long positions.
- Funding rates dipped slightly — signaling caution in the market.
Notable Events:
- MicroStrategy bought 13,390 BTC worth $1.34B.
- Tether added 4,812 BTC worth $459M.
- KindlyMD merged with Nakamoto Holdings for a BTC-first model.
- Crypto market analysis this week
Meanwhile, the S&P 500 (+4.19%) and Nasdaq (+5.89%) rose — but BTC remains stuck between $103K–$105K.
Narrative of the Week: Internet Capital Markets Resurrect the Trenches
This week’s hot narrative is
Internet Capital Markets — combining blockchain, crowdfunding, and communities into powerful market narratives.
- Offers potential utility beyond memecoins.
- Critics see it as rebranded speculation — but early movers are optimistic.
Major Project Updates: Real-World Assets and Security Take the Lead
Crypto market analysis this week
- VanEck launches VBILL — tokenized US Treasury Bill on multiple chains.
- Ethereum announces 1TS Initiative to enhance security.
- EigenLayer introduces slashing reward system.
- Virtuals Protocol launches ve-tokenomics.
Real-world assets (RWAs) are proving to be the most practical blockchain use case so far.
DeFi Brief: Acquisitions & Optimized Yields
- Anchorage Digital acquires Mountain Protocol; USDM stablecoin shutting down.
- Exponential Finance unveils a cross-chain Yield Optimizer.
- Synthetix proposes a $27M token swap to acquire Derive (ex-Lyra).
Consolidation and yield-focused products show DeFi is maturing.
Meme Coins: Chaos or Opportunity?
- Identical meme coins emerging on platforms like Pump.fun, bonk.fun, Believe, Boop.fun.
- Pump.fun now shares 50% revenue with meme coin creators.
Fundraises: Builders Keep Building
- Perpl: $9.25M raised for Monad-based perpetual DEX.
- KYD Labs: $7M raised for Web3 ticketing.
- Turtle Club: $6.2M for liquidity distribution innovation.
- Nirvana Labs: $6M for decentralized cloud infrastructure.
Airdrops Abound: Free Tokens Galore
- Solana Name Service (SNS) token airdrop active till Aug 11.
- Doodles airdrop DOOD tokens to eligible holders.
Tweet of the Week
“We are definitely a very serious industry.” — @Curious_J
Final Thoughts: What’s Next for Crypto?
Crypto market analysis this week
The crypto market stands at a pivotal moment. With ETH rising, memes pulling in retail, and institutions like Tether and MicroStrategy doubling down,
the next few weeks may decide the direction of this cycle.
Want More?
- Share this blog with your crypto fam.
- Explore more data at CoinMarketCap.
- Follow DeFiLlama for live on-chain trends.