#TopContentChallenge#  Daily Crypto Bulletin for August 5th.

The crypto market continues its cautious rise.

The crypto market continues its upward trend with small gains. Bitcoin is trading at $114,000, and the total crypto market capitalization is $3.82.

The crypto market has been trading within a limited range in the last 24 hours, following weakening interest rate cut prices, tariff-related charges, and expected weak non-farm payroll data. The ongoing weakness in investor risk appetite is limiting market gains.

Amidst the limited gains, the crypto market capitalization has increased by 0.7% over the past 24 years, reaching $3.82 again. Bitcoin (BTC) is trading at $114,431, up 0.2%, while Ethereum (ETH) is trading at $3,672, up 4%. XRP rose 2.5% to 3.05, while Solana rose 4.6% to 168.84.

Meanwhile, Bitcoin and Ethereum ETFs saw outflows on August 4. Bitcoin ETFs saw outflows of 333 million units, while Ethereum ETFs saw outflows of 465 million units.

The SEC has updated its stablecoin library.

The U.S. Securities and Exchange Commission (SEC) has updated its accounting records for stablecoins. The new guidance provides that stablecoins pegged to the U.S. dollar can be classified as cash exchanges if they offer guaranteed redemption and the stability of their value relative to another asset class.

This latest interim guidance is part of Chairman Paul Atkins' efforts to ease restrictions as the SEC continues to work on more comprehensive cryptocurrency regulations. In April, the agency clarified that "covered" U.S. dollar stablecoins are not considered securities and confirmed that recording data related to stablecoin issuance and redemption is not required.

This development is being described as an unprecedented cryptocurrency framework in the U.S., and it is believed that the U.S. international financial system could change.

The U.S. Commodity Futures Trading Commission has launched a new program to address spot cryptocurrency trading.

The U.S. Commodity Futures Trading Commission has launched a new program to ensure that spot cryptocurrency contract assets are not traded on registered futures exchanges. This step is part of a joint effort with the SEC to provide clarity on digital assets.

"We invite all businesses to work with us today on how to list spot cryptocurrency contracts on futures exchanges, within the framework of their existing authority," said Caroline Pham, Interim Chair of the U.S. Commodity Futures Trading Commission. The deadline for further comment is August 18.

This development marks the first step in the CFTC's "Crypto Sprint" initiative launched last week. Building on the White House's analysis of digital assets, the initiative aims to give the CFTC greater authority in spot markets and provide comprehensive clarity in collaboration with the SEC. The CFTC emphasized that it continues to "move full speed ahead" to enable cryptocurrency trading at the federal level, in line with the SEC's Project Crypto initiative. SEC Chairman Paul Atkins announced that they will draft new rules for cryptocurrency custody and trading.

Bitcoin (BTC)

Bitcoin is trading around $114,430. Bitcoin, which has traded between 114,150 and 114,600 for the past few years, saw a high of 115,720 and a low of 114,060 yesterday. Following the recovery that began on Sunday, it has been softening in the last few parts between $114,000 and $116,000. The price is expected to remain in this range until it retreats to 112,000. Above this, the material band resistance of 116,000-118,000 stands out. The RSI indicator is hovering around 48, and technical momentum is weak.

Spot Bitcoin ETFs experienced a net outflow yesterday. This split is signaled by profit-taking. Short histories have decreased in leveraged markets. On the macro front, futures from the US could increase volatility in JOLTS and ISM.

Ethereum (ETH)

Ethereum is currently at $3,670. Yesterday's high was $3,735 and low was $3,495. Support is between $3,500 and $3,640. A breakout of this zone could lead to a test of the $3,350 and $3,400 hourly ranges. Resistance is monitored between $3,720 and $3,830. The RSI is at 50, and the price is tracking the Extreme.

The chain diagram shows a daily transaction volume of approximately 1.42 million, active capacity near 460,000, and slightly strengthened newly opened nodes. This suggests a combination of core business activity and ongoing operations. ETH activity in whale budgets has significantly overextended, with numerous large transactions. However, despite the outflow of institutional currency ETFs, there remains a medium-term demand on the network. Transaction volume and gas consumption on the Ethereum blockchain are down compared to last week, suggesting a slowdown in disruption and a degree of caution.

Ripple (XRP)

The XRP price is trading sideways around $2.98. Strong buying, which began at $2.7285 on Sunday, pushed the price to $3.1065 this morning, and volatility was observed. Technically, support is seen at $2.94-$2.98, while resistance is at $3.00-$3.05. Transaction volumes are low, and new wallet creation is limited. According to on-chain data, the daily transaction count is around 195,000, active addresses are around 34,000, and there has been no significant increase in new wallet openings. The amount of XRP transferred to exchanges in the last 24 hours is around 4.1 million; this amount can be considered a moderate price movement, but overall network activity has been weak. This suggests that the price is unsupported by volume and that uncertainty may persist in the short term.