Ethereum News Today: Global Crypto Market Hits $3.72 Trillion Amid Rising Institutional Interest

The global cryptocurrency market appears to be stabilizing amid growing bullish interest, with total market capitalization rising to $3.72 trillion following a 1.64% gain in the past 24 hours. Despite this, trading volume dipped by 22.37% to $107.81 billion, signaling a shift from high-frequency speculative activity to more measured, long-term positioning [1]. The Crypto Fear & Greed Index remains in a neutral zone at 52, reflecting cautious optimism in the market.

Bitcoin (BTC) rose 0.74% to $114,309.68, with its market dominance increasing to 61.2%. Meanwhile, Ethereum (ETH) surged 2.52% to $3,534.52, and its dominance reached 11.5%. Analysts are watching closely for potential U.S. Federal Reserve rate cuts, with speculation that a 60-day bullish phase could begin in the coming months, with September being a key turning point for the market [2]. The Altcoin Season Index has climbed to 39, indicating that investors are diversifying into alternative cryptocurrencies [3].

Among the most notable daily gainers were Coinbase (COIN), Snowy Owl (SWOL), and America Party (AMERICA), with price increases of 3,680.09%, 2,998.89%, and 1,394.14%, respectively. These spikes reflect growing retail interest in niche and meme-inspired tokens, despite their speculative nature [1].

The decentralized finance (DeFi) total value locked (TVL) increased by 3.47% to $134.17 billion. Aave, the largest DeFi project by TVL, added 2.02% to reach $32.98 billion. However, the most dramatic 24-hour TVL change came from Brise Swap, which reported a 148,136,504,053,417,062,40% increase, a figure that likely reflects technical anomalies or promotional activity [1].

NFT sales also saw a 5.35% increase in the past day, reaching $15.79 million, with the Courtyard collection leading the charge with a 25.25% gain. These figures suggest renewed engagement in digital collectibles, though volumes remain far below peak levels seen during the NFT boom of 2021.

Notable developments included the discovery of the damaged Satoshi statue in Lake Lugano, which had been stolen earlier, and Metaplanet’s acquisition of 463 BTC, boosting its Bitcoin holdings beyond $2 billion [1]. Binance also announced the launch of the SIGN project on its BNSOL Super Staking platform, expanding its product offerings in the staking and yield-generating space.

Ethereum has also seen a surge in OTC buying, reaching $300 million, despite whale selling of $119 million in ETH. Institutional activity is evident, with FalconX facilitating strategic large buys and Ethereum’s daily active wallet count reaching 675,000. Over 1.6 million ETF inflows in July have further aligned Ethereum’s price movement with broader macroeconomic trends [4][5].

Market analysts point to Ethereum’s accumulation patterns as a sign of a more mature market capable of handling large trades without major price swings. This trend is seen as a positive development for Ethereum’s long-term prospects, particularly as DeFi and NFT innovations continue to evolve [6].

The rise of Solana has sparked discussions about replicable growth strategies in the crypto space. Experts have drawn comparisons between Solana’s success and emerging platforms like Ruvi AI, suggesting that similar business models could fuel the next wave of innovation [7].

Innovation remains a key driver of interest, with Base, a layer-2 network, outpacing Solana in daily token launches. XRP has found temporary support at $2.75 following a 9% drop, but sustained recovery remains uncertain as buyers have yet to break through key resistance levels [8].

Overall, the crypto market is showing signs of maturation, with institutional participation, strategic accumulation, and technological progress contributing to a more stable and bullish outlook. These developments suggest that the industry is moving toward a more structured and sustainable growth phase.

Source:

[1] https://coinmarketcap.com/community/articles/689127409d7def5673c1c1ad/

[2] https://www.ainvest.com/news/bitcoin-news-today-crypto-market-awaits-turning-point-fed-rate-cut-odds-etf-speculation-2508/

[3] https://blockchainreporter.net/bitcoin-dominance-faces-resistance-as-altcoin-season-index-climbs-to-39/

[4] https://www.ainvest.com/news/ethereum-news-today-ethereum-whales-sell-119m-otc-buys-surge-300m-price-rebound-2508/

[5] https://m.fastbull.com/news-detail/ethereum-eyes-breakout-16m-etf-inflows-hint-at-4338179_0

[6] https://cryptorobotics.ai/learn/markets/ethereum-whales-institutional-buying-market-confidence/

[7] https://www.mitrade.com/insights/news/live-news/article-3-1010522-20250805

[8] https://m.economictimes.com/crypto-news-today-live-03-aug-2025/liveblog/123068092.cms