Market Update Summary - Aug 22

Major Token Performance Performance

How to Read These Charts

These charts show the cumulative price returns of Bitcoin (BTC), Ethereum ETH), and the COIN50 index over the selected period — 30 days, 7 days or 24 hours. Returns are rebased to 0% at the start of each period to highlight relative performance trends between assets.

The BTC dominance line (secondary axis) tracks Bitcoin’s share of the total crypto market capitalization, offering context on capital rotation between BTC and altcoins. Rising BTC dominance typically indicates capital consolidation into Bitcoin, while a decline suggests increased risk appetite and flows into altcoins.

Use these charts to quickly assess:

• Which assets outperformed or underperformed over the period

• Whether market strength was concentrated (BTC-led) or broad-based

• How shifts in BTC dominance align with overall performance trends

How to Read This Table

This table summarizes the percentage price change of key crypto and macro assets over three timeframes: 30 days, 7 days, and 24 hours. It includes major cryptocurrencies (e.g., BTC, ETH, XRP, SOL), a benchmark altcoin index (COIN50), and traditional market comparables like gold (XAU) and the S&P 500 (SPX).

The data allows you to:

• Compare short-term and medium-term performance across sectors

• Spot momentum leaders and laggards in both crypto and traditional markets

• Assess whether market moves were broad-based or asset-specific

• Track how crypto assets performed relative to macro benchmarks

This table provides a concise view of market dynamics across different asset classes and helps contextualize crypto performance within a broader macro landscape.

Newly Listed Projects

As of 2025-08-15 1:00PM

Projects and Exchanges

Price Performance

Liquidity Performance

Smart Money Flows

Top 10 7D Flows

Bottom 10 7D Flows

These tables track the weekly movement of "smart money" wallets across various tokens and chains.

The Top 10 7D Flows table highlights assets that have seen the largest net inflows from smart money in the past 7 days. A high and rising 7D flow suggests growing interest, accumulation, or conviction by sophisticated traders, and may indicate strong underlying narratives or catalysts. Compare these flows with the token’s market cap to assess relative impact, inflows into small-cap assets are generally more price-sensitive.

Conversely, the Bottom 10 7D Flows table shows tokens with the largest net outflows from smart money wallets. Persistent or large outflows may reflect profit-taking, loss-cutting, or reduced confidence, and can signal weakening sentiment or fading momentum. Watch for sustained outflows alongside declining price or on-chain activity.

Use these tables to:

• Identify tokens where smart money is actively positioning

• Spot emerging narratives or sentiment reversals

• Gauge chain-specific flows, e.g., Solana vs. Ethereum vs. Base

• Inform rotational strategies across high-alpha tokens

Stablecoin Flows

Stablecoin flow data provides a real-time pulse of capital movement across exchanges and chains.

Rising stablecoin balances on-chain or on exchanges often indicate inbound liquidity, capital sitting on the sidelines potentially awaiting deployment into crypto assets. Large inflows may precede buying activity, suggesting growing market participation or renewed confidence.

On the other hand, net outflows of stablecoins could imply that capital is either exiting the crypto ecosystem or being actively deployed into volatile tokens, especially when accompanied by declining exchange balances or stablecoin dominance.

Use stablecoin flows to:

• Detect early signs of market risk appetite

• Monitor capital rotation between stablecoins and volatile assets

• Confirm the sustainability of rallies (is money really coming in?)

• Support broader macro or positioning views from other data (e.g., smart money behavior or BTC dominance)

Macro & Crypto News

August 22: Crypto Exchange Gemini Secures MiCA License in Malta, Expands European Footprint

Gemini has secured a MiCA license from the Malta Financial Services Authority. The approval follows Gemini’s MiFID II license win in May and the launch of tokenized stocks in Europe. The exchange says the move reinforces its focus on compliance and positions it to roll out new products, including derivatives, under the EU’s harmonized crypto rules.

August 21: Hyperliquid Captures 80% of DeFi Derivatives Market With $30B Daily Volume

Decentralized exchange Hyperliquid now commands over 80% of the DeFi perpetuals market, processing up to $30 billion daily, according to a RedStone report. Its success is driven by a CEX-quality on-chain order book, the HIP-3 permissionless market creation system, and a dual-chain architecture (HyperCore + HyperEVM) that enables advanced financial strategies. With $2.2 billion in TVL and $330 billion in monthly trading volume, Hyperliquid is positioning itself as core infrastructure for on-chain finance.

August 21: DBS Launches Tokenized Structured Notes on Ethereum for Accredited Investors

DBS Bank has introduced tokenized structured notes on Ethereum, marking its first move from private pilots to public blockchain distribution. The debut product, a crypto-linked participation note, pays out in cash when digital asset prices rise while limiting downside risk. By breaking notes into $1,000 fungible units, DBS is lowering entry barriers and enabling easier trading, appealing to family offices and professional investors. The launch builds on Singapore’s Project Guardian and underscores DBS’s push to expand tokenized finance across global markets.

August 15: Hong Kong SFC Tightens Custody Rules for Licensed Crypto Exchanges

Hong Kong’s Securities and Futures Commission (SFC) has introduced stricter custody standards for licensed crypto exchanges after a regulatory review uncovered weaknesses in cybersecurity and asset controls. The new rules set requirements for senior management accountability, cold wallet usage, third-party custody solutions, and real-time threat monitoring. As part of its ASPIRe strategy, the move aims to safeguard client assets and reinforce Hong Kong’s position as Asia’s digital asset hub, distinguishing it from Singapore’s more restrictive stance.