Appold Market Watch - Week ending 29 August 2025
Market Update & Industry News - Week ending 29 August 2025
🔷 U.S. Bitcoin ETFs now handle 13.1% of total spot trading volume, moving $5–10 billion daily, with $146 billion in assets under management. However, Ethereum ETFs are currently drawing faster inflows, adding $1.83 billion in five days versus Bitcoin’s $171 million.
Appold view: Ethereum recently soared to a new all‑time high of $4,954, and its ETH/BTC ratio has climbed to its highest level in 2025. These trends clearly signal that institutional investors are paying serious attention.
🔷 U.S. Commerce Department has published Q2 2025 GDP data on nine blockchains, including Bitcoin, Ethereum, and Solana, marking the first federal agency to release economic data on-chain. Partnering with Chainlink and Pyth, the initiative will also distribute inflation and demand indicators, integrating verified government data into decentralised finance and tokenised markets.
Appold view: This announcement, while positive, could be considered Virtue signalling. Its actual effect can be seen as negligible, as this data has already been brought on-chain from many other providers. While this first step is realistically unnecessary, it sets the standard for further government blockchain integration.
🔷 Trump Media and Technology Group is partnering with Crypto.com and Yorkville Advisors to launch Trump Media CRO Strategy, a digital asset treasury firm centred on Crypto.com’s CRO token. The venture plans to acquire $1 billion in CRO, supported by $420 million in cash and a $5 billion credit line, while integrating CRO into Truth Social’s rewards system.
Appold view: This deal involves multiple transactions. Not only is Trump Media creating a new CRO treasury, but it is also purchasing $105 million of CROs themselves, while Crypto.com is buying $50 million in Trump Media stock. A partnership between the Trump family and Crypto.com has clearly been formed. This deal may be an attempt to be the first public company to hold CRO, and therefore earn enough money to create larger rewards for their social media platform, or maybe a larger move as to the belief in the ecosystem Crypto.com is making.
🔷 Bitcoin treasury firm Metaplanet has been upgraded to the FTSE Japan Index and the FTSE All-World Index following strong Q2 results, securing its shift from small-cap to mid-cap status. Holding 18,888 BTC, Metaplanet has outperformed Japan’s blue-chip stocks with 187% YTD gains, funnelling passive capital flows into Bitcoin via global index inclusion.
Appold view: Bitcoin treasury firms becoming part of major indexes will be significant in establishing price floors for Bitcoin. As Bitcoin becomes a component of passive general capital allocation, often included unknowingly by investors, its presence should contribute to greater price stability.
#Marketwatch #Blockchain #Investments
