🧠 WEEKLY CRYPTO RECAP: MONEY IS FLOWING IN, BUT WHAT ARE THE WHALES DOING?
A pretty crazy week in crypto. If we only look at the chart, we can see the market recovering very strongly. But when you peel back layer by layer of the data, the story is much more interesting: Cash flow is coming back. ETFs are attracting capital. Some sectors have risen by more than 40%. Whales are continuously restructuring their positions. But at the same time, the pressure to take profits and to liquidate leveraged positions is also increasing very strongly. In simple terms: The market is pumping, but not everyone is bullish. 👀
🧠 Solana validators are voting on three major governance proposals.
Solana validators have begun voting on SGP-0001, SGP-0002, and SGP-0003, with the voting period lasting until epoch 1023 ends.
⚡ SGP-0001: Approve the Solana Constitution and activate the on-chain governance mechanism.
⚡ SGP-0002: Increase the deflation rate from -15% to -30%.
⚡ SGP-0003: Restructure the basic transaction fees. The resource fee portion will be calculated separately based on the transaction cost, and 100% will be burned.
I find SGP-0002 and SGP-0003 especially noteworthy because, if passed, they could directly impact SOL tokenomics and the burn mechanism.
Solana is basically voting on its own money printer. 💀
If all three proposals are approved, will SOL become more bullish, or do the governance changes create additional risk? 👀
🦅 XRP ETFs just pulled in $39.8M in net inflows last week.
According to SoSoValue data, spot XRP ETFs recorded $39.78M in net inflows during week 17–21/8.
⚡ Bitwise led the way with a $30.22M inflow during the week. ⚡ Franklin Templeton’s XRPZ ranked second with $7.62M. ⚡ Total cumulative net inflows across all XRP spot ETFs have reached $1.55B. ⚡ Current total net assets are approximately $1.33B.
I find the notable part isn’t just the $39.8M figure from one week. Institutional appetite for XRP is still showing up. 👀
XRP may still be overlooked by the broader crypto market, but ETF flows are telling a different story.
Are XRP ETFs quietly becoming the next institutional trade? Or is the market just getting ahead of itself? 👀
Most notably, lawyers are growing at a rate many times higher than engineers.
Codex is gradually moving beyond its role as mere code-writing and is becoming a digital coworker that can analyze tasks and handle work over long periods of time.
Lawyers are using AI to process large volumes of documents, read materials, and compare contracts.
I think this is the interesting part: AI adoption isn’t just coming for programmers anymore. The office workers have entered the chat. 💀
If this trend continues, will lawyers become prompt engineers before engineers become unemployed? 😭
Which profession do you think AI will transform next?
🧠 Goldman Sachs just raised its semiconductor equipment bet. Goldman Sachs has raised its wafer fabrication equipment (WFE) spending forecast to:
⚡ 2026: $150B ⚡ 2027: $218B ⚡ 2028: $281B
Compared with the previous forecast, the increases are 6% / 17% / 35%, respectively.
The near-term drivers are mainly DRAM and advanced foundry.
Samsung and SK Hynix are expected to raise capex by 22% and 19%, respectively, as the HBM4 production ramp boosts demand for etching and deposition equipment.
In the foundry segment, Goldman Sachs also raised its capex forecast for TSMC by $8B per year, as the N2 process moves into the ramp-up phase.
More notably, NAND and other logic projects will become the mid-term drivers.
Goldman also included about $16.8B in early-stage equipment investment for Terafab related to SpaceX and Tesla in its WFE outlook.
I look at these numbers and can only think: AI boom → data centers → chips → fabs → equipment.
Apparently, the AI money printer is ordering the machines to build more money printers. 💀
Goldman is bullish on the semiconductor equipment group.
Is AI capex still hot, or are we heading into a massive capex bubble? 👀
⚖️ A U.S. senator wants to ban presidents from profiting off crypto.
U.S. Senator Kirsten Gillibrand is calling on Congress to prohibit presidents, their spouses/partners, and senior officials from issuing, initiating, or profiting from crypto while in office.
She also wants to introduce enforceable ethics regulations into the CLARITY Act, as the bill is set to have its first procedural vote in the Senate on September 15.
A survey of 1,166 Americans shows: ⚡ 63% say it’s inappropriate for Trump and his family to profit from crypto.
⚡ 32% say this is appropriate.
Trump has also reported more than $1.4B in crypto-related income in 2025.
And honestly...
“Crypto for the people” hits different when the people writing the rules are also holding the bags. 💀
I think this is no longer just a crypto story.
It’s becoming a fight over power, money, and who gets to write the rules.
Imagine making the rules AND having bags in the same market. What could possibly go wrong? 😭
If politicians both have the power to shape crypto laws and can also make money from crypto...
🔥 Tom Lee: Next week could be the moment US stocks choose a direction.
Tom Lee believes that next week could become a turning point for the US stock market.
At the moment, the AI stock group is stuck in a stalemate due to concerns about:
🏗️ Spending on data centers 🤖 The ability to sustain AI demand 🇺🇸 Political pressure on the AI industry 🏦 Fed policies And the focus will be on Nvidia.
If Nvidia’s CEO can prove that AI computing demand remains strong in upcoming events, this could help restore confidence in the AI trade and pull the AI stock group out of its consolidation range.
But AI isn’t the only variable.
A series of upcoming remarks from Fed officials could also provide important signals about the direction of monetary policy.
The S&P 500 is currently around 7,678 points, down about 1.4% for the week.
In other words, the market is caught between two questions:
Will AI spending continue to boom? Which direction will the Fed take?
If Nvidia sends a strong signal on AI demand and monetary policy expectations also turn more positive...
🔥 risk assets could get more fuel.
But what if both disappoint? Market might choose violence. 💀
Brothers and friends—do you think next week’s AI will lift the market, or will Nvidia keep the whole market swinging? 👀
🚨 SafePal is bringing in outside security firms after the data leak incident.
SafePal said they are currently:
🔎 Tracking scam websites and fake accounts on a daily basis
🛡️ Choosing 1 of 4 anti-phishing companies to help handle takedowns faster
🌑 Continuing to monitor the dark web to detect leaked data being sold or publicly posted
🔐 Choosing 1 of 3 independent security organizations to conduct a comprehensive audit of the ordering system
At the same time, SafePal also said that its ordering and shipping process is being reviewed to reduce the amount of data stored.
A particularly important warning:
SafePal will never ask for a seed phrase/recovery phrase. If you receive a message requesting your seed phrase, to scan a QR code, or to click on a suspicious link:
Don’t do it. 🚨
In cases involving crypto wallets, sometimes data leaks are only the first step—what’s more dangerous next is the phishing.
If you’re using SafePal, make sure to carefully check every communication channel before interacting.
🔥 CZ says Memestock is interesting. But there’s one problem: can the issuer actually deliver?
CZ has weighed in on the Memestock model, saying that combining a memecoin with tokenized stocks is a fairly new and interesting idea.
Under this model, memecoin holders can benefit from tokenized stocks without having to take any additional actions.
Sounds pretty good. 😏
But CZ emphasizes one extremely important point:
Can the issuer truly carry out what they’ve promised?
Because tokenized stocks are not just a story about creating tokens. It also involves: 🏦 Custody of the underlying assets ⚖️ Legal compliance 💰 Distribution of earnings 🔐 The real rights of token holders
And this is the part that I find most notable.
A memecoin can be created in a few minutes.
But turning it into an asset that has real economic rights is a completely different story.
If the issuer can’t prove the underlying assets, ownership, and the mechanism for distributing earnings...
then tokenized stock is only good-looking on the chart. 💀
Will Memestock be a new step forward for the meme economy—or just a memecoin in a suit? 👀
Prediction markets are officially entering the legal minefield. ⚖️
Kalshi has started blocking users in Washington as its legal battle with the state escalates.
A King County judge ordered Kalshi to restrict markets covering sports, elections, politics, entertainment, culture, tech and science.
The company must also deploy a stronger multi-source geofencing system by September 2, or face fines of up to $120K per day.
Kalshi is fighting back, arguing that federally regulated event contracts fall under CFTC jurisdiction and that Washington is treating prediction markets like unlicensed gambling.
Mình nghĩ đây is bigger than just Kalshi. If states can restrict prediction markets while federal regulators claim jurisdiction, where does the regulatory line actually sit?
💳 Stablecoins are no longer just sitting in wallets. They’re being spent.
New data shows crypto card transactions reached $10.4B in July, up more than 3x compared to a year earlier.
More than 10 million transactions were recorded, with about 70% paid using the USD stablecoin.
USDC accounts for 50.8% USDT accounts for 20.3%
Total: 71.1% of crypto card transactions come from USDC + USDT. Even more interesting: the average spend per transaction has risen to around $86, up from $59 in the same period last year.
And crypto is starting to show up in very everyday things: 🍔 Dining 🛒 Shopping 🚕 Mobility 📱 Subscription services 💵 Daily payments
This is the part that I find most noteworthy.
Stablecoin is gradually shifting from a “digital dollar to hold money” to a “digital dollar to spend money.”
If this trend continues, adoption may not come from people buying BTC every day... but from them starting to pay with stablecoin every day.
What do you think—will stablecoin become the common payment method first, or will crypto still mostly be an investment asset? 👀
Together, these 3 tokens: 💥 ~$37.4M in new supply being released.
And here’s the noteworthy part: Unlocking doesn’t automatically mean an assured dump. But when a large amount of tokens appears on the market, selling pressure may increase—especially if the recipients have motivation to take profits.
Next week, we might see charts like this:
📈 Before unlock: “We are so early.” 🔓 Unlock: “Wait… who is selling?” 📉 After unlock: “Long-term investor.” 💀
If you’re holding these tokens, don’t just look at the price—look at the unlock schedule.
Are you holding $H / $huma / $XPL , or are you avoiding everything next week? 👀
🔥 YOUR KEYS, YOUR MONEY… UNTIL THE CONTRACT SAYS OTHERWISE?
Sun Yuchen believes that the lawsuit involving World Liberty Financial (WLFI) is not only a dispute over $45M and 4B tokens, but also one that touches a core blockchain principle: “your keys, your money.”
According to Sun, the issue is that a contract may allow user assets to be frozen without disclosing the mechanism, without governance, and without a clear process.
He argues that if the issuer can arbitrarily reclaim assets after the tokens are unlocked, then the concept of “self-custody” loses much of its meaning.
I think this is the most debatable part: tokens in your wallet don’t necessarily mean you have full control over them if the smart contract still retains control.
Your wallet. Your tokens. But whose rules? 👀
Fellas, in what situations should the issuer be allowed to freeze tokens?
⚠️ TOKENIZED STOCKS COULD CREATE A NEW “PAPERWORK CRISIS.”
Joris Delanoue, CEO of Fairmint, warns that the market for tokenized stocks is growing too fast but lacks common standards.
He believes that the current fragmented system could create a digital version of Wall Street’s “Paperwork Crisis” from the 1960s, when trading volumes surged but the back-office infrastructure wasn’t capable of handling it.
Back then, the result was failed trades, lost securities, and ultimately the U.S. had to build a centralized custody system—leading to the creation of the DTC.
This is a very noteworthy downside of tokenization, in my view: putting assets on the blockchain isn’t enough—the infrastructure behind it must also speak the same language.
Wall Street had a paperwork crisis. Tokenized stocks better not create a blockchain version. 💀
Do you think tokenized stocks are moving too fast compared to the current infrastructure?