![[LIVE] Crypto Update August 5 – What Cryptocurrency to Invest in Today for Sustainable Profits? Bitcoin and ETH Accumulation Rises Amid DEX Slowdown](https://i2.wp.com/99bitcoins.com/wp-content/uploads/2025/04/Fatima99btc.jpg?w=770&resize=770,470&ssl=1 "[LIVE] Crypto Update August 5 – What Cryptocurrency to Invest in Today for Sustainable Profits? Bitcoin and ETH Accumulation Rises Amid DEX Slowdown")
[LIVE] Crypto Update August 5 – What Cryptocurrency to Invest in Today for Sustainable Profits? Bitcoin and ETH Accumulation Rises Amid DEX Slowdown
Monday offered some respite for the market following a weekend that resulted in the liquidation of hundreds of millions in long positions. However, behind the scenes, discerning investors are steadily accumulating specific assets. So, which cryptocurrency should you consider purchasing today for long-term profits? Although Bitcoin fell below $112,000 and Ethereum briefly dipped under $3,400, the actions of whales and institutions narrate an intriguing tale.
Per Lookonchain’s weekly insights, 16 publicly traded firms acquired a total of 31,478 BTC valued at $3.61 billion. MicroStrategy, for instance, added 21,021 BTC ($2.46B), solidifying its optimistic long-term view. In the Ethereum realm, 12 new wallets secured 225,099 Ethereum ($819M), contributing to a cumulative total of 808,347 Ethereum ($2.85B) gathered since July 9. Notably, SharpLink, a significant whale, now possesses over 498,000 ETH valued at $1.81 billion.
In the meantime, the accumulation of ETH continues to pick up speed. Whales and institutions show no signs of slowing down. Just today, three new wallets purchased 63,837 Ethereum ($236M) through FalconX and Galaxy Digital OTC. Since July 9, 14 fresh wallets have collectively acquired 856,554 ETH, amounting to approximately $3.16 billion.
$ETH looks phenomenal right now
1) Broke out from declining channel (red)
2) Re-entered main upward trend (black)Anticipating a bit more consolidation within the lower channel before retaking the upper side and aiming for new highs
Patience is essential here
pic.twitter.com/bji4FrLFLo
— Teddy (@TeddyCleps) August 5, 2025
These aggressive accumulation patterns indicate that Bitcoin and ETH remain prime selections for long-term investment portfolios, making them top considerations for those inquiring about which cryptocurrency to purchase presently amidst market ambiguity.
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
DEX Trading Declines, Yet Stablecoin Inflows Stay Robust
While accumulation is on the rise, trading volumes on decentralized exchanges (DEXs) decreased last week. The DEX spot volume shrank by 21.6% week-over-week to $95.3 billion. PancakeSwap and Raydium experienced double-digit drops in volume, while Uniswap held relatively steady at $25.58B.
On the derivatives front, DEX perpetual trading volume saw a decline of 7.68%, totaling $121.1B. Hyperliquid remained the leader with $77.16B in volume despite a 13% decrease, and edgeX was the sole significant gainer (+14.65%).
Interestingly, the stablecoin market cap rose by $1.99B, with $662M entering Arbitrum. This suggests that capital is still flowing into the crypto space, even if short-term trading has tapered off.
109x Gains: How One Trader Struck Gold with TROLL Meme Token
The meme coin phenomenon is far from finished, and TROLL serves as evidence. A trader invested $22.8K in TROLL just 3.5 months ago. They’ve already liquidated $16.2K worth, recouping most of their original investment. Yet, this crypto holder demonstrates impressive determination: they still retain $2.48 million in TROLL. That’s a 109x return: achieved simply by entering the market early and holding.
Such conviction is infrequent in the memecoin landscape. But when it happens, it truly makes an impact.
Currently, a new competitor is gathering momentum.
Inspired by the renowned SPX6900 meme token, which soared 10,000% this year, TOKEN6900 adopts a similarly light-hearted and satirical tone. With its presale already exceeding $1.6 million raised, speculation is intensifying that this could be the next substantial success.
Why not? Memecoins are indeed making waves this cycle, with utility coins following suit. More and more investors appear fascinated by the simplicity of memes that promise little—yet continue to yield significant returns.
With locking tokens currently available during presale at an impressive 38% APY, holders can enhance their holdings without needing to sell prematurely.
With the presale underway, T6900 might represent the top crypto presale to acquire right now. A conservative market cap of $60 million could yield 10x, while a SPX-style surge could provide even more.
SEC Greenlights Stablecoins as Cash Equivalents in Interim Guidance
The U.S. Securities and Trading protocol Commission (SEC) has released temporary accounting guidelines permitting certain fully backed, USD-pegged stablecoins to be classified as cash equivalents on corporate balance sheets. This provisional action provides clarity for businesses and institutions while the SEC continues its broader regulatory efforts under the “Project Crypto” initiative.
To be eligible, stablecoins must be redeemable at par value, 1:1 backed by cash or short-term U.S. Treasury instruments, and provide immediate market fluidity. This excludes algorithmic and non-USD stablecoins, as well as those with risk-bearing frameworks.
This ruling is viewed as a favorable development for institutional adoption, simplifying the process for companies to hodl and report stablecoin assets in alignment with conventional cash holdings. It also corresponds with emerging regulatory frameworks like the GENIUS Act, which stipulates transparency and reserves for stablecoin issuers.
Though temporary, this guidance signifies a step toward enhanced crypto integration within the financial landscape, providing crucial crypto law clarity for firms utilizing regulated stablecoins such as USDC and USDT.
The post [LIVE] Crypto News August 5 – Which Crypto to Buy Today for Long-Term Gains? Bitcoin And Ethereum Accumulation Surges Despite DEX Slowdown appeared first on 99Bitcoins.
