Weekly Recap｜BTC Pullback Continues, AI & Web3 Funding Grows, Echobit Expands Global Reach
2026.08.03
Market Review (July 27 – August 2)
Last week, the crypto market entered a period of heightened uncertainty as macroeconomic factors and the Federal Reserve’s rate decision drove volatility across risk assets. However, easing inflation concerns and a temporary improvement in geopolitical tensions helped market sentiment recover toward the end of the week.
Bitcoin traded lower after consolidating at elevated levels, recording a slight weekly decline, while Ethereum showed stronger resilience and remained largely flat. Institutional momentum for spot ETFs remained fragile despite continued market attention.
This week, markets will focus on a series of key macro data releases. A weaker U.S. dollar could provide support for BTC bulls, with potential upside targets around the $65,500–$68,000 range. Meanwhile, historical data suggests August has been one of the weakest seasonal periods for crypto markets, with a median return of -7.87%.
This recap covers the key developments from the past week and highlights the major trends to watch ahead.
Market Pulse
- Bitcoin spot ETFs recorded $61.53 million in net outflows last week as institutional flows remained mixed.
- Bitcoin retraced to a two-week low, with the market closely watching the $62,000 support level.
- Crypto whales continued accumulating Ethereum, with one address purchasing over $130 million worth of ETH and $67 million in WBTC.
- Tokenized stocks and ETF trading volume surged in July, surpassing $11.3 billion in market size.
- The crypto industry recorded 30 security incidents in July, resulting in over $200 million in losses.
- Bithumb announced IPO plans, targeting a potential listing by 2028.
- Strategy continued optimizing its Bitcoin treasury strategy while strengthening cash reserves.
Funding & M&A
The crypto industry recorded 6 funding deals last week, with total funding exceeding $41.5 million, mainly focused on infrastructure and DeFi:
- AI agent security platform V12 raised $10 million in seed funding.
- Physical AI data engine company Axis Robotics secured $12 million in seed funding.
- Decentralized AI data network Perceptron Network completed a $6.5 million strategic investment round.
- Amazon completed its previously announced $50 billion investment in OpenAI.
- South Korea’s KB Financial launched a $102 million unicorn fund targeting AI, robotics, and emerging technologies.
Policy & Compliance
- The U.S. Senate has not yet advanced the CLARITY Act vote.
- New York Attorney General filed a lawsuit against prediction market platform Kalshi over alleged illegal gambling activities.
- Circle obtained a limited-purpose trust charter in New York.
- The EU AI Act introduced additional transparency requirements for AI systems.
- South Korean regulators are strengthening market risk controls and considering restrictions on high-leverage financial products.
Echobit Highlights
- Echobit became a Bronze Sponsor of Ultra Web3 Festival, further expanding its global brand presence.
- Echobit partnered with Astarter to accelerate Web3 ecosystem development.
- Echobit partnered with TrueDAO AI to explore AI × Web3 innovation opportunities.
- Echobit established a partnership with FreedaO, expanding its global Web3 collaboration network.
- Echobit Trading Carnival continued, delivering more trading incentives and rewards for users.
- Echobit TradFi New Asset Launch Celebration officially kicked off, highlighting the expansion of TradFi offerings.
- Echobit TradFi Trading Month continued, bringing dedicated TradFi trading experiences to users.
- Echobit Mascot Creative Challenge launched, encouraging community-driven brand creation.
- Echobit Crypto Quiz Challenge continued to boost community engagement through interactive activities.
- Echobit Market Insights Sharing Challenge invited users to share market perspectives.
- Echobit “Tag Who Got You Into Crypto” campaign launched to strengthen community connections.
Next Week Preview (August 3 – August 9)
- DeFi dashboard Zapper will shut down on August 3.
- Trump family-backed crypto mining company American Bitcoin will release its Q2 2026 financial report on August 3.
- SpaceX will announce its Q2 2026 financial results on August 4.
- Stablecoin issuer Circle will release its Q2 2026 earnings report on August 5.
- AI ecosystem projects and crypto platforms including Zapper, Ctrl Wallet, and Polygon liquid staking products will see major updates.
- Unitree Robotics plans to advance its STAR Market listing process, with preliminary inquiry scheduled for August 5.
- Grvt airdrop claim and allocation window will close on August 6.
- The U.S. will release July unemployment data and nonfarm payroll figures.
- Polymarket will update its crypto market settlement mechanism on August 7.
Echobit will continue tracking global crypto trends, focusing on market movements, regulatory developments, and investment opportunities — helping users navigate every market cycle and stay ahead.