Welcome to Your New Favourite Crypto Dispatch

Welcome to the very first issue of CryptoGryph Weekly 🦅, your no-fluff, informative guide to what’s been cooking in the crypto cauldron over the past seven days.

Each week, we'll sift the signal from the noise to bring you market trends, regulatory moves, up-and-coming projects, and juicy gossip (the crypto kind, not the Kardashian kind). Whether you're a DeFi Degen, NFT nostalgist, or just trying to figure out what an "ETH ETF" even is, there's something here for you.

Let’s dive into this week's madness because macro headwinds, token unlocks, and something called a ‘Seeker phone’ all made headlines.

Slap on your volatility goggles, folks. We're in choppy waters.

After a hot July, which saw Bitcoin leaving bears in the dust, the markets decided to take a breather this week. Think of it like a crypto juice cleanse: uncomfortable but maybe necessary before the next binge.

• Weekly High: $117,286

• Weekly Low: $112,004

• Current Price (Aug 3): $114,387

Bitcoin ended the week down 4%, weathering the storm better than most of its peers. While not quite screaming bullish momentum, BTC is holding its ground like that one uncle who won’t leave the barbeque until every sausage is accounted for.

• Weekly High: $3,812

• Weekly Low: $3,340

• Current Price (Aug 3): $3,498

ETH, meanwhile, played the rollercoaster role, dropping 2.7% in just 24 hours to close the week softer than it started. Despite a nearly 10% decline from recent highs, one brave whale decided it was shopping szn, scooping up $300 million in Ether like it was on clearance.

💡 Market Cap Check: Overall crypto market cap is hovering near $3.8 trillion, with Bitcoin still the dad-bod king of the hill.

Of course, none of this is happening in a vacuum. The main villain this week? New U.S. tariffs, which sent shivers through risk markets across the board. Effective from August 7, these trade penalties are part of Trump's new protectionist package. They’ve triggered fears of inflation and economic slowdown—which, surprise, spill over into crypto land too.

👉 TL;DR: We're consolidating. Not dead. Just stretching our legs. Expect range-bound sideways action unless macro winds pick a stronger direction.

While the market cooled, Washington brought the heat. In what might be the most bullish policy turn in recent memory, the White House unveiled a full-throated policy push this week to make crypto great again™️.

• A comprehensive policy framework was published urging Congress to clarify the rules around digital assets.

• The focus? Better disclosures, clearer platform rules, and carving out sensible exemptions for emerging token-based platforms.

• Sounds modest? SEC Chair Paul Atkins dialled it up ten notches with “Project Crypto”—a deregulation smorgasbord designed to make on-chain finance legally workable in the U.S.

🚦 Regulation in crypto often feels like navigating a city with half-built roads and no traffic lights. This initiative? A possible superhighway. (Or at least a functioning roundabout.)

Project Crypto aims to deliver “fit-for-purpose” reform, letting developers build tokenised financial systems without worrying that an SEC lawsuit is lurking behind every smart contract. The goal? Attract talent, capital, and innovation to the U.S., specifically as other jurisdictions (hi there, EU) tighten the screws.

🧠 Sidebar: Tokenisation means turning real-world stuff (like stocks, real estate, or Beanie Babies—okay, maybe not those) into digital tokens you can trade on-chain. Learn more here.

Is this all talk or the start of something real? Too early to say. But the tone has undeniably shifted, and if you've been around long enough, you know tone counts in crypto.

Ah, August. Summer for normies. Token unlock season for crypto.

🧨 Token Unlocks: Bearish or Barely a Blip?

• Sui (SUI) dumped 56.91M tokens on August 1, sending prices crashing below $3.53. Ouch.

• Ethena (ENA) followed on August 2 with a 94.19M unlock.

  Coming up:

  • Aptos (APT) – $49.75M (1.69% of market cap) – 11.31M tokens unlock on August 12

  • LayerZero (ZRO) – $43.81M (22.2% of market cap) – 24.68M tokens unlock on August 20

  • Arbitrum (ARB) – $37.67M (1.80% of market cap) – 92.63M tokens unlock on August 16

  • pump.fun (PUMP) – $28.33M (2.83% of market cap) – 10.00B tokens unlock on August 14

  • Kaito (KAITO) – $19.95M (6.91% of market cap) – 16.67M tokens unlock on August 20

  • Jito Labs

In total, we’ve got more than $2.5 billion in fresh tokens hitting the market this month. This is definitely not financial advice, but if you’re holding bags in any of these projects, maybe don’t check the charts first thing in the morning.

⚙ Big Launches/Upgrades You Missed While YOLOing Into Memecoins:

• Fluid DEX Lite dropped , focusing on gas efficiency for Ethereum. It’s like upgrading your DeFi ride from an old diesel to a clean electric.

• Solana Seeker Phone starts shipping August 4. With 150,000+ preorders, it’s aiming to be the Web3 phone. Picture iPhone meets decentralisation—with built-in dApp access and a hardware wallet.

• Hyperliquid's AI Trading Engine teased its beta—just in case you thought humans were still in charge of markets. They aren’t.

🛠 What’s Web3? It’s the internet—if you designed it to respect privacy, decentralise power, and let creators keep more of what they earn. Also: fewer ads and more memes. Probably.

After a record-breaking July, crypto’s beloved ETFs finally slowed down this week. Friday saw over $965 million in outflows:

• Bitcoin ETFs bled $812 million

• Ethereum ETFs saw $153 million exit stage left

That said, July was still stellar. Total crypto ETF inflows hit $12.8 billion, with Ethereum notching a 369% jump from June. BlackRock’s spot ETH ETF topped $10 billion AUM (Assets Under Management), making it one of the fastest-growing in history, crypto or otherwise.

Yet, as TradFi pulls out, on-chain optimists buy the dip. One Ethereum whale amassed $300 million worth of ETH at these levels—suggesting someone thinks we’re closer to bottom than top.

👔 Bonus: Eric Trump took a break from his political cameo career to tweet, “Buy the dip,” shortly after the Ethereum crash. Say what you will, but that’s the energy of a man with bags.

Several studies making the rounds this week centred on AI-powered prediction tools for Ethereum trading. One model even forecast ETH dipping to $2,919 by January 31, 2026. Bold call. But the market doesn't care about models when someone snipes $300M of ETH at $3,500.

Also emerging: data on Ethereum trading bots, with behaviours correlating tightly with CPI releases, ETF flows, and, weirdly, Maritime shipping indexes. Just one more reason to remember: in markets this complex, price rarely moves for only one reason.

If this week has a theme, it’s tension: between bullish regulatory tea leaves and bearish macro vibes. Between massive innovation and “wait, is that just another dot-com echo?” concern. Piggybacked on existing momentum from July, the market's now parsing whether this pullback is a pitstop—or a detour.

Key Takeaways:

• BTC and ETH are consolidating—tariffs and weak job data played spoiler.

• Regulation is finally speaking crypto’s language—Project Crypto could be a game-changer.

• Token unlocks and ETF outflows signal turbulence, but long-term bets keep stacking.

• Web3 hardware is finding its footing (say hello to the Seeker).

• The next two weeks: keep your eyes peeled for unlocking schedules, U.S. macro reports, and any sudden whale moves.

See you next Sunday

Stay curious and keep your private keys safe,
– Gryph

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