NEWS DIGEST – 04.08.2025 ?

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1. Bitcoin and Altcoins See Slight Recovery After Underperforming Week

   Bitcoin experienced a modest rebound, increasing by 0.7% to approximately $114.5K, after briefly falling to $112K. This dip was largely attributed to anxieties surrounding potential U.S. tariffs and weaker-than-expected jobs data. Ether showed stronger gains, rising by 2.6%, while XRP climbed 5%, Dogecoin increased by 3.3%, and Solana edged up by 1.1%. However, the majority of major crypto assets are still down overall for the past week.
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2. Ethereum's Upward Momentum Persists: ETF Inflow Streak Exceeds $5.4B Over 20 Days

   Ethereum ETFs have demonstrated significant investor confidence, accumulating a substantial $5.4 billion in net inflows over the last 20 trading days. This positive trend is further supported by the emergence of over 200 new mega-whale addresses (holding more than 10,000 ETH), indicating strong accumulation. Institutional investors also continue to increase their Ethereum exposure through over-the-counter (OTC) transactions.
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3. Indonesia Increases Crypto Transaction Taxes Effective August 1

   Indonesia has revised its tax regulations pertaining to cryptocurrency transactions. Trades conducted on domestic platforms will now be subject to a 0.21% tax (an increase from the previous 0.10%). Transactions on foreign platforms will incur a 1% fee. Taxes related to crypto mining have also been adjusted. These changes coincide with an accelerated pace of token regulation within the country.
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4. Hong Kong Fintech Companies Secure $1.5B to Enhance Crypto Offerings

   A minimum of 10 fintech companies listed in Hong Kong successfully raised a combined total of $1.5 billion in July. The capital is earmarked for expanding their crypto-related services, with a focus on areas such as stablecoins, blockchain-based payments, and tokenization. This investment surge aligns with the city's recent introduction of new stablecoin licensing frameworks.