Daily Market BriefAug 5, 2025

Daily Market Brief 250805

  • The market continues to recover from the weekend losses. As of now, $BTC is trading at $114,850 and $ETH is trading at $3,691. Bitcoin dominance stands at 61.47%.

  • According to The Block, Ethereum’s on-chain revival was on full display in July, with transaction volume nearing $240 billion and the network processing approximately 46.67 million transactions. Daily transaction counts reached around 1.5 million, marking a 39% year-over-year increase and signaling renewed momentum across DeFi, NFTs, and other network activity.

  • A few headlines include: Bullish has filed for a U.S. IPO, aiming to raise up to $629 million at a $4.23 billion valuation; OpenMind has raised $20 million in a round led by Pantera Capital; and BitMine (NYSE: BMNR) announced it now holds over 833,000 ETH worth $2.9 billion.

  • Over the past 24 hours, the top three gainers were $M, $MNT, and $LTC, while the top three losers were $TON, $AERO, and $PENGU.

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