🌍 Global Crypto News – August 3, 2025

📉 Market Overview

Bitcoin (BTC) dipped below $113,000, reaching a low of $112,584 before slightly recovering. Over $900 million in positions were liquidated across all major exchanges.

Ethereum (ETH) fell nearly 4%, trading around $3,425. XRP crashed over 9%, dipping from $3.02 to $2.75 before rebounding slightly.

The drop was triggered by a mix of macro uncertainty, whale movements, and technical resistance around key price zones.

🐋 Whale Sell-offs & Liquidations

A long-dormant wallet tied to Galaxy Digital moved 30,000 BTC (~$3.5B) to exchanges — triggering a sharp sell-off.

Liquidations hit over $900 million, including a $3M DOGE position. ETH and PEPE saw mass exits as well.

📈 Analyst Forecasts

Tom Lee (Fundstrat) still maintains a $15,000 ETH target, saying this dip is a buying opportunity.

Market strategists expect extreme volatility in August due to U.S. jobs data, CPI inflation reports, Fed commentary, and several crypto events.

🧾 Major Regulatory Developments

SEC (U.S.) launched “Project Crypto”, a dedicated unit aimed at regulating and supporting on-chain financial infrastructure.

Bo Hines, U.S. advisor on digital finance, visited several countries (incl. Pakistan) to push international crypto coordination.

India, UK, and Singapore are accelerating central bank digital currency (CBDC) pilots and tokenization of assets.

🧠 Top Expert Commentary

Arthur Hayes, ex-BitMEX CEO, dumped $13.3M worth of ETH, PEPE, and ENA amid macro fears and incoming U.S.–China trade tariffs.

Cathie Wood’s ARK Invest doubled down on Bitcoin ETFs, calling this a “short-term dip before a macro uptrend”.

🔐 Security Alerts

A powerful new malware called JSCEAL is targeting crypto users via fake apps and malicious browser ads.

It’s able to steal credentials, seed phrases, and track transactions.

Affected regions: Europe, U.S., South Asia.

Users are advised to:

Avoid unofficial wallets

Use hardware wallets

Enable 2FA and antivirus software

🌐 Other Notable News

Ripple's expansion in Asia continues despite price dip; announced new partnerships in Japan and the Philippines.

El Salvador doubled its BTC mining output thanks to new geothermal infrastructure — now mining ~15 BTC/day.

Topic Key Highlight

BTC Price Dropped to ~$112.5K due to whale movement and weak macro
Ethereum Down to ~$3.4K, but long-term analysts remain bullish
SEC Project Crypto Aims to make the U.S. a crypto leader through on-chain regulation
Whale Activity 30,000 BTC moved; major altcoins dumped
Malware Threat JSCEAL targeting crypto users with fake apps
Expert Views ETH $15K target still valid – Tom Lee
Global Trends Multiple nations expanding CBDC and blockchain pilots