TL;DR

BTC and ETH near all-time highs; $1B+ institutional inflows; BitMine, CEA, and others expand crypto treasuries.

Highlights

• Bitcoin traded above $122,000, nearing its all-time high, while Ether topped $4,300; total crypto market cap surpassed $4 trillion 1.
• BlackRock added $632 million in BTC and ETH ; U.S. spot BTC and ETH ETFs saw $570M+ in net inflows last week 35.
• BitMine Immersion now holds over 1.15 million ETH ($4.96B), becoming the largest corporate Ethereum treasury 4.
• A mystery investor accumulated $946M in ETH as Ether rallied 22%; large short liquidations followed ETH’s breakout 1516.
• MicroStrategy bought 155 BTC , bringing its holdings to nearly 629,000 BTC; Nakamoto CEO plans $1B BTC buy on Aug 12 172.
• CEA Industries acquired $160M in BNB, becoming the largest corporate holder, with potential for further $1.25B in purchases 18.
• Alt5 Sigma raised $1.5B for a Trump-linked WLFI token treasury, embedding WLFI as a core balance sheet asset 11.
• Uniswap Foundation proposed registering as a Wyoming DUNA, seeking DAO legal status and enabling new governance options 7.
• Coinbase launched a DEX on Base, introducing $LAY token and integrating Eco Routes for cross-chain stablecoin transfers 8.
• Stripe is developing a payments-focused L1 blockchain, Tempo, with Paradigm, targeting enterprise stablecoin infrastructure 9.
• ICE partnered with Chainlink to supply FX and metals pricing on-chain for DeFi and tokenization platforms 12.
• LayerZero proposed a $110M buyout of Stargate Bridge and STG token to fold it into its interoperability network 13.
• Zora token ($ZORA) surged 43.7% in 24 hours and 1,566% in a month post-Base integration, reaching $500M market cap 14.
• Trump Media updated its SEC filing for a Truth Social spot Bitcoin ETF , naming Crypto.com as custodian 20.
• Russian GreedyBear hackers stole $1M in crypto using malicious Firefox extensions and fake wallets 19.

Commentary

The crypto market is experiencing broad-based strength, led by Bitcoin and Ether approaching record levels and a new all-time high in total market capitalization 1. Institutional flows remain strong, with BlackRock ’s sizable BTC and ETH purchases and persistent ETF inflows—especially into Ethereum products—highlighting continued large-scale allocation 35. Corporate treasury activity is accelerating: BitMine Immersion ’s aggressive ETH accumulation now accounts for 1% of circulating supply 4, while MicroStrategy and CEA Industries continue to expand their BTC and BNB holdings, respectively 1718. The upcoming $1B Bitcoin buy by Nakamoto CEO David Bailey could introduce short-term volatility 2.

Ethereum ’s rally is being driven by both whale accumulation and short covering, with derivatives liquidations amplifying the move 1516. The mystery investor’s $946M ETH buy and BitMine ’s treasury build reinforce the growing institutional focus on ETH 415. Meanwhile, Zora’s surge and Base’s DEX launch signal renewed activity in the creator and Layer 2 ecosystems 148, while LayerZero’s Stargate proposal and Uniswap’s legal structuring efforts point to ongoing evolution in DeFi governance and interoperability 137.

On the infrastructure side, Stripe’s development of the Tempo blockchain and ICE ’s data partnership with Chainlink underscore the increasing integration of traditional finance and crypto rails, particularly around payments and on-chain data for DeFi 912. Regulatory momentum is visible as Uniswap seeks formal DAO status in Wyoming and Trump Media advances its spot Bitcoin ETF application 720.

Security remains a persistent concern, with the GreedyBear hack reminding traders to remain vigilant about wallet and browser extension hygiene 19. Overall, traders should monitor ETF flows, large treasury moves, and U.S. macro data for near-term direction, while watching for governance and infrastructure developments across DeFi and Layer 2s.