💹 Ethereum and XRP Bounce Back Despite Trade Tensions
Welcome to your Daily Briefing for Tuesday, August 5, 2025 ☕️
Hello Cointribe! 🚀
Today is Tuesday, August 5, 2025, and as every Tuesday through Saturday, we bring you the top crypto news you shouldn’t miss from the past 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
🌤️ Partly Sunny
24h crypto recap! ⏱
⚔️ Trade War: Ethereum and XRP Rebound Against New Tariffs
Trump’s renewed tariff hikes—reaching up to 41%—sent the S&P 500 tumbling by 3.33%, yet Ethereum and XRP surprised markets with 24-hour gains of 2.7% and 4.5% respectively. The contrast signals unexpected altcoin strength amid a broader flight to liquidity.
👉 Read the full article
💸 Pump.fun Suffers 80% Revenue Drop, Raising Trader Concerns
Pump.fun’s monthly revenue plunged from $130M in January to $24.96M in July—an 80% decline over six months. The number of active traders dropped by 62%, while memecoin market cap fell from $85B to $65B, highlighting a sharp slowdown in the sector.
👉 Read the full article
🕵️♂️ Arkham Unveils Largest BTC Theft in History at LuBian
Arkham Intelligence has revealed that 127,426 BTC—now worth nearly $14.5B—were stolen in December 2020 from the Chinese mining pool LuBian due to a security breach. None of the stolen funds have moved since July 2024.
👉 Read the full article
🎨 Stolen Satoshi Nakamoto Statue Found at the Bottom of Lugano Lake
The city of Lugano has recovered the statue of Satoshi Nakamoto, which was torn from its base and thrown into the lake during the August 1 festivities. Created by Valentina Picozzi and installed in October 2024, the artwork will undergo restoration funded by a 0.1 BTC reward offered by Satoshigallery.
👉 Read the full article
Crypto of the Day: Hyperliquid (HYPE)
🧠 What’s the innovation and added value?
Hyperliquid is a DeFi platform built on its own Layer 1 blockchain, offering a fully on-chain trading experience with an on-chain order book, sub-1-second block times, and throughput of up to 100,000 orders per second via its proprietary HyperBFT consensus. It combines speed, low fees, and a seamless UX with advanced features like perpetuals, spot trading, stop-loss orders, and full API access—without the usual limitations of traditional AMMs. Traders enjoy a CEX-like interface in a fully decentralized environment.
💰 The HYPE Token: Utility and Benefits for Holders
HYPE fuels the entire Hyperliquid ecosystem: it is used to pay transaction fees, unlocks discounts through staking, and enables participation in governance. Holders can stake their tokens to secure the network and earn rewards. HYPE lies at the heart of the protocol’s economic model, used to incentivize users, fund third-party integrations, and redistribute platform revenue back to the community.
📊 Real-Time Performance (as of August 5, 2025)
Current Price: $39.30 USD (+3.72% in 24h)
Market Cap: ≈ $13.126 billion USD
CoinMarketCap Rank: #11
Circulating Supply: ≈ 333.93 million HYPE
24h Trading Volume: ≈ $289.65 million USD
Max Supply: 1 billion HYPE (≈33% circulating)
📈 Bitcoin Set to Soar to $148,000? What the Technical Indicators Reveal
While Bitcoin is currently correcting by over 7% after briefly touching $123,000, several technical signals point to a very different outlook. Contrary to prevailing concerns, a strong bullish setup is taking shape—supported by proven indicators and telling market behavior. Is this just a pullback... or the launchpad for a new rally?
A Classic Chart Pattern Fuels Bullish Hopes
Recent BTC price movements have triggered the emergence of a widely recognized technical signal: the inverse head and shoulders pattern. Typically associated with bullish reversals, the pattern has now been fully validated. Its theoretical target stands at around $148,250, indicating a significant upside potential from current levels.
This isn’t the only sign. Bitcoin has also bounced off its 50-day exponential moving average (EMA 50)—a key technical support already tested successfully during the June correction. That rebound led to a rally of over 25%, giving added weight to this level. The convergence of the EMA with the current chart pattern further supports the case for a renewed uptrend.
On-Chain Metrics Reinforce the Recovery Scenario
Beyond traditional technical tools, on-chain data provides valuable insights into market dynamics. Recently, CryptoQuant reported a notable event: the liquidation of 80,000 BTC by a long-time whale, signaling a new round of profit-taking. This is the third such phase observed since the beginning of the year.
Historically, each of these phases has been followed by a consolidation period lasting two to four months, before Bitcoin resumed its climb to new highs. If the pattern repeats, the market may currently be in the final stage of a digestion phase—potentially setting the stage for a stronger rebound. This behavioral signal aligns well with the technical picture, offering a coherent and structured reading of current momentum.
The $123,000 resistance remains a critical level to confirm the bullish breakout toward the $148,000 target. If trading volumes and buyer momentum continue to rise, that target may no longer remain purely theoretical. Otherwise, a return to consolidation is possible—though it wouldn't necessarily invalidate the broader uptrend.
