Weekly Recap | ETH Hits New High, SEC Delays ETF Decisions, and Two Major Asian Summits Ahead
2025.08.25
Last Week in Review (Aug 18 – Aug 24)
Last week, remarks from Fed Chair Jerome Powell triggered a sharp rally in the crypto market, with Ethereum, Solana, and Dogecoin leading the surge. Ethereum reached a new all-time high at $4,957.98 before retracing over the weekend. Bitcoin showed a stepwise pullback trend. Market moves were mainly driven by macro expectations and liquidity flows, leaving investor sentiment cautious.
This recap highlights the key industry updates from the past week and previews what’s coming up.
Market Pulse
- Multiple issuers, including Grayscale, submitted revised spot ETF filings to add XRP creation and redemption support
- The SEC postponed decisions on several crypto ETF applications
- U.S. Bitcoin spot ETFs saw $1.178B net outflows last week; Ethereum spot ETFs recorded $241M net outflows
- SBI to acquire majority stake in CoinPost, deal expected to close on October 1
- U.S. initial jobless claims for the week ending Aug 16 came in at 235K, above expectations
- Futu’s Q2 report showed crypto-related assets under custody grew 43% QoQ
Funding & M&A
There were 19 funding deals last week totaling over $200M, mainly in infrastructure and DeFi:
- DigiFT, an on-chain RWA platform, raised $25M in strategic financing
- IVIX, an AI compliance platform, raised $60M in Series B led by OGVP
- EliseAI, an AI startup, raised $250M in Series E led by a16z
- Irys, a programmable data chain, raised $10M in Series A led by CoinFund
- LM Funding America raised $23M to expand BTC reserves, now holding 150 BTC
Policy & Compliance
- Philippine lawmakers proposed a national Bitcoin reserve strategy
- Wyoming issued the first state-backed U.S. stablecoin (FRNT)
- Bank of Korea governor suggested KRW stablecoins should be introduced via banks
- South Korean regulators ordered a halt to crypto lending services until new guidelines are released
- Illinois passed two crypto regulatory bills covering exchanges and ATMs
Echobit Highlights
Last week, Echobit rolled out several community campaigns and reward programs:
- August Carnival Season with a total prize pool of 50,000 USDT
- ETH All-Time High Celebration Event with 38,000 USDT in rewards
- New Listing: $A2Z with a 10,000 USDT community reward pool
- PROVE Themed Event with 20,000 USDT in rewards
Looking Ahead (Aug 25 – Aug 31)
- WebX Asia 2025 will be held in Tokyo, Aug 25–26
- Bitcoin Asia Summit will take place in Hong Kong, Aug 28–29
- CAMP airdrop eligibility check deadline: Aug 26
- Hong Kong consultation on virtual asset trading & custody regulations closes Aug 29
- Token unlocks this week: SUI, OP, JUP, with over $100M in value set to be released
Echobit will continue to track global crypto trends, policy shifts, and funding activity — helping you stay ahead through all market cycles.