Crypto News August 4: BTC Rebounds, ETH ETFs Shift

1. Bitcoin And Ethereum Bounce Back

The crypto market shows signs of recovery as Bitcoin (BTC) and Ethereum (ETH) surge. Notably, ETH and Solana (SOL) outperformed BTC in gains.

 - BTC Dominance: 61.2%

 - ETH Market Share: 11.5%

2. Fear & Greed Index Hits “Greed” Zone

The Crypto Fear & Greed Index spiked to 64, up from 53 yesterday, marking the first time in over a month it has exited the neutral zone — a sign of rising investor optimism.

3. Altcoins Surge: ENA And PENGU Lead Gains

Several altcoins recorded strong gains:

 - ENA: +17%

 - PENGU: +10.7%
Meanwhile, CFX and CKB showed steady growth over the weekend.

4. Major Token Unlocks Incoming

Watch out for significant token unlocks this week, potentially affecting price volatility:

 - ENA: 95+ million tokens

 - IMX: over 12 million tokens

 - MOVE: 6.5 million tokens

5. Ethereum ETFs See Mixed Flows

Spot Ethereum ETFs in the U.S. attracted $154.3 million over the week. However, Friday saw a sudden net outflow of $152 million, the first in a month — signaling potential sentiment shift among investors.

6. Elon Musk Triggers Meme Coin Rally

A single retweet by Elon Musk sent related Grok-themed meme coins soaring:

 - $Ani rebounded to a $43 million market cap

 - $USELESS leads the Letsbonk ecosystem at $248 million

7. Donald Trump Confirms “Truth” Coin

TMTG, Donald Trump’s media organization, officially announced its crypto project — the “Truth” coin, part of his digital strategy. The $TRUMP token is now trading at $8.88.

8. Justin Sun Completes Space Flight

Justin Sun completed a 10-minute, 14-second flight into space with Blue Origin, joining the rare group of Chinese entrepreneurs to venture beyond Earth. Wang Chun (F2Pool co-founder) previously orbited the planet.

9. Iconic “Satoshi” Statue Stolen in Switzerland

The famous Satoshi Nakamoto statue in Switzerland was reported stolen. A 0.1 BTC reward was offered, and it was later found dumped in a lake just hours after the incident.

10. $FTT Silent, SBF Trial Set for Nov 3, 2025

The $FTT token remains inactive, while FTX creditor Sunil confirmed that the trial of Sam Bankman-Fried (SBF) is scheduled for November 3, 2025. Investors are bracing for potential surprises.

11. Fed Rate Cut Odds Spike to 80.3%

Market expectations for a Fed rate cut in September have surged to 80.3%, up from 41.3% before the latest NFP jobs report.

12. Trading Volume Slows, Funds Shift to Smaller Altcoins

While large-cap cryptos face selling pressure and lower trading volume, money is rotating into smaller altcoins and emerging projects. Short-term volatility is expected to continue.