Short-term traders should remain flexible, focus on technical analysis, strictly adhere to stop-losses, and consider taking light short positions when encountering resistance during rebounds.

Cryptocurrency Market Performance

Currently, the total market capitalization of cryptocurrencies is $3.78 trillion, with BTC accounting for 57.2%, or $2.16 trillion. The market cap of stablecoins is $283.4 billion, with a recent 7-day increase of 2.62%, of which USDT accounts for 59.13%.

Among the top 200 projects on CoinMarketCap, a small number have risen while most have fallen, including: CRO with a 7-day increase of 98.1%, M with a 7-day increase of 60.29%, PYTH with a 7-day increase of 59.48%, B with a 7-day increase of 23.75%, and QTUM with a 7-day increase of 14.1%.

This week, the net inflow for Bitcoin spot ETFs in the U.S. was $440 million; the net inflow for Ethereum spot ETFs in the U.S. was $1.082 billion.

Market Forecast (September 1 - September 5):

The current RSI index is 48.59, indicating a neutral to weak trend. The Fear and Greed Index is at 40 (lower than last week). The cryptocurrency market is expected to continue a weak oscillating pattern, with some pullback pressure.

BTC core range: $108,650 - $113,500, be cautious of the risk of testing $100,000.

ETH core range: $4,400 - $4,800, with $4,400 support being crucial.

Short-term traders should remain flexible, focus on technical analysis, strictly adhere to stop-losses, and consider taking light short positions when encountering resistance during rebounds. Long-term investors should remain patient; if the market experiences a pullback, it can be seen as an opportunity to gradually accumulate quality assets, using a dollar-cost averaging strategy near key support areas.

Understanding Now

Weekly Major Events Review

1. On August 24, OKX CEO Star posted on social media stating, "X Layer will be built long-term, launching a $100 million X Layer ecosystem fund to support global builders in creating the next wave of on-chain applications. Priority will be given to teams with long-term vision and technical strength, rather than short-term profit-seeking token projects";

2. On August 25, data released by Infra showed that Raydium has spent a total of $196.3 million to repurchase 71 million RAY, accounting for 26.4% of the circulating supply;

3. On August 25, according to prnewswire, U.S. publicly listed company Sharps Technology, Inc. (STSS) announced it is conducting a $400 million financing, which will support the company's strategy of adopting digital asset treasury with Solana blockchain's native asset SOL as the core holding;

4. On August 26, Axios reported that the world's largest prediction market, Polymarket, received investment from Donald Trump Jr.'s venture capital fund. Last year, Trump Jr. invested tens of millions of dollars in Polymarket after joining 1789 Capital. He will also join Polymarket's advisory board;

5. On August 29, Frax Finance founder Sam Kazemian announced he has joined a new blockchain project Stable, built around Tether's USDT, as Chief Technology Officer, while continuing to serve as CEO of Frax;

6. On August 29, crypto journalist Eleanor Terrett stated that the U.S. Commodity Futures Trading Commission (CFTC) is about to release guidance clarifying its registration rules for foreign trading platforms (FBOT), providing a legal pathway for non-U.S. trading platforms to allow U.S. users to trade on their platforms.

Macroeconomics

1. On August 29, according to CME's "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in September is 16.9%, while the probability of a 25 basis point rate cut is 83.1%;

2. On August 29, the U.S. core PCE price index for July was 2.9% year-on-year, the highest since February 2025. The expectation was 2.90%, with the previous value at 2.80%;

3. On August 28, the number of initial jobless claims in the U.S. for the week ending August 23 was 229,000, with an expectation of 230,000, and the previous value revised from 235,000 to 234,000.

ETF

According to statistics, from August 25 to August 29, the net inflow for U.S. Bitcoin spot ETFs was $440 million; as of August 29, GBTC (Grayscale) had a total outflow of $23.891 billion, currently holding $19.341 billion, while IBIT (BlackRock) currently holds $80.725 billion. The total market capitalization of U.S. Bitcoin spot ETFs is $141.314 billion.

The net inflow for U.S. Ethereum spot ETFs was $1.082 billion.

Envisioning the Future

Upcoming Events

1. Taipei Blockchain Week 2025 will be held from September 4 to 6 in Taipei;

2. EDCON 2025 will take place from September 16 to 19 in Osaka, Japan, gathering members of the global Ethereum community to discuss protocol updates, ecosystem development, and the future of Web3;

3. Korea Blockchain Week 2025 will be held from September 22 to 28 in South Korea.

Project Progress

1. Tether announced that it will terminate support for USDT on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand networks starting September 1, 2025. The official statement indicated that this move aims to optimize the overall infrastructure layout, align with community usage trends, and concentrate resources on blockchains with more application value and development activity;

2. The deadline for claiming COOK rewards for the second quarter Methamorphosis event of the mETH Protocol is September 2, 2025;

3. Ondo Finance will launch tokenized stocks on September 3, having previously announced the launch of the on-chain U.S. stock platform Ondo Global Markets this summer.

Important Events

1. Eric Trump, the second son of Donald Trump, plans to attend the shareholder meeting of Japanese listed company Metaplanet on September 1, after Metaplanet appointed Eric Trump as a member of its strategic advisory board;

2. On September 4 at 20:15, the U.S. will announce the August ADP employment numbers (in ten thousand);

3. On September 4 at 20:30, the U.S. will announce the initial jobless claims for the week ending August 30 (in ten thousand);

4. On September 5 at 20:30, the U.S. will announce the August seasonally adjusted non-farm payroll numbers (in ten thousand);

5. On September 5 at 20:30, the U.S. will announce the August unemployment rate.

Token Unlocking

1. Sui (SUI) will unlock 44 million tokens on September 1, valued at approximately $161 million, accounting for 1.25% of the circulating supply;

2. Ethena (ENA) will unlock 40.63 million tokens on September 2, valued at approximately $27.51 million, accounting for 0.64% of the circulating supply;

3. Immutable (IMX) will unlock 24.52 million tokens on September 5, valued at approximately $12.81 million, accounting for 1.27% of the circulating supply;

4. Movement (MOVE) will unlock 50 million tokens on September 9, valued at approximately $6.18 million, accounting for 1.89% of the circulating supply.

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