Here’s a quick recap of the crypto landscape for Friday (August 1) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$114,797, down by 2.8 percent over the last 24 hours. Its highest valuation on Friday was US$118,696, while its lowest valuation was US$114,322.
Chart via TradingView.
Bitcoin price performance, August 1, 2025.
Bitcoin’s price drop followed sweeping US tariffs, including a 35 percent levy on Canadian imports, which rattled risk assets broadly. In parallel, the Federal Reserve’s decision to maintain interest rates at 4.25 to 4.5 percent and stronger-than-expected inflation data dampened hopes of near-term rate cuts, adding downside pressure to Bitcoin.
Ethereum (ETH) was priced at US$3,595.75, down by 5.2 percent over the past 24 hours. Its lowest valuation on Friday was US$3,591.61, and its highest was US$3,809.48.
Altcoin price update
- Solana (SOL) was priced at US$167.55, down by 5.4 percent over 24 hours. Its lowest valuation on Friday was US$165.43, and its highest was US$179.17.
- XRP was trading for US$3.03, down by 2.2 percent in the past 24 hours. Its lowest valuation of the day was US$2.91, and its highest valuation was US$3.13.
- Sui (SUI) is trading at US$3.52, down 6.7 percent over the past 24 hours. Its lowest valuation of the day was US$3.45, and its highest was US$3.81.
- Cardano (ADA) was trading at US$0.7321, down by 4.1 percent over 24 hours. Its lowest valuation on Friday was US$0.7137, and its highest was US$0.7731.
Today’s crypto news to know
Coinbase misses on revenue as trading volumes lag
Shares of Coinbase Global (NASDAQ:COIN) fell 12 percent in premarket trading on Friday (August 1) after the crypto exchange missed Wall Street expectations for second quarter revenue.
While the company’s revenue grew 3.3 percent year-on-year to US$1.5 billion, it fell short of the US$1.59 billion estimate and was down from US$2 billion in the previous quarter.
Still, net income surged to US$1.43 billion, largely from unrealized gains on crypto holdings and investments.
Coinbase continues to diversify, and noted that it is testing traditional stock, FX and commodities trading. The company was recently added to the S&P 500 (INDEXSP:INX) in May.
Assetera expands access to tokenized securities with plug-and-play API
Austria-based trading platform Assetera has launched a MiFID-compliant API that lets crypto exchanges offer tokenized securities, including US treasuries and blue-chip stocks, without needing their own regulatory license.
The service currently provides over 60 financial instruments and handles all compliance responsibilities, including KYC and anti-money laundering checks. Assetera is targeting crypto platforms in the EU and European Economic Area, aiming to break the dominance of major players like Kraken and Gemini in tokenized assets.
The company said it is in discussions with several top 20 global crypto exchanges and anticipates 1 billion euros worth of trading volume during its first year.
Strategy’s US$10 billion profit fails to impress investors
Despite posting a US$10 billion profit for Q2, Strategy’s (NASDAQ:MSTR) share price dropped 1.4 percent in after-hours trading on Friday, highlighting investor concerns about the company’s future beyond Bitcoin.
Strategy, formerly focused on enterprise software, has increasingly transformed into a corporate Bitcoin treasury. The firm now holds over 628,000 BTC, which comprise over 3 percent of total supply and are valued at US$74 billion.
Michael Saylor’s pivot has inspired imitators like Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF), which has converted hotel assets into crypto. Despite this week’s share price dip, Strategy’s next moves include raising US$4.2 billion through a new STRC offering to buy more Bitcoin.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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