FameEX Morning Crypto News Recap | August 15, 2025
2025-08-15 04:15:38Bitcoin Declines Below $120,000 After U.S. Treasury Secretary Announces Halt in Purchases
In an interview with Fox Business yesterday, Bessent stated that the U.S. government will halt Bitcoin purchases, focusing instead on using seized assets to increase reserves. This decision triggered a decline in Bitcoin's price, causing it to fall below the psychological support level of $120,000.
Diverging Opinions Within the Federal Reserve on Interest Rate Cuts
Stephen Rich Uto, Chief Economist at Ruisui Securities, noted that within the Federal Reserve, there is no clear majority between hawks and doves. The majority of officials hold a neutral stance, suggesting that heated debates are likely to occur before the September meeting on interest rate cuts.
Glassnode Data Shows 99% of Bitcoin Supply Is Profitable
On August 14, Glassnode revealed that 99% of Bitcoin’s supply is in profit, even maintaining a high level of 95% during July’s market adjustment. This profitability indicator is within its +1 standard deviation range, suggesting that investors continue to hold unrealized gains, reflecting the market's resilience despite ongoing volatility.
Ethereum Fund Inflows Surge to $10.5 Billion in 2025
James Butterfill, CoinShares' research director, highlighted that Ethereum's fund inflows for the week reached $2.3 billion, pushing the total year-to-date inflows to $10.5 billion. As a result, Ethereum's assets under management have soared to $38.726 billion, far outpacing other cryptocurrencies, according to CoinShares data.
JPMorgan: Ethereum's Outperformance Driven by Stablecoin Issuance
JPMorgan's report highlights that Ethereum's recent strong performance is linked to the increasing issuance of stablecoins within its ecosystem. With Ethereum hosting most stablecoin assets, either directly through Layer 1 or indirectly via Layer 2 solutions.
Wallet Tied to Ethereum Foundation Offloads 6,194 ETH, Valued at $28.36 Million
Onchain Lens monitoring data shows that a wallet associated with the Ethereum Foundation sold 6,194 ETH over the past two days, totaling $28.36 million. Additionally, the wallet recently received 3,000 ETH worth $13.69 million, which is likely to be sold soon.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.