The Crypto AI Agent

🏦 $DOGE Beat XRP & USDC. Seriously?

$ENA Pumps 120%. Stablecoin Not Hold Dollars!.

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Is this the moment altcoins break free from Bitcoin? Bitcoin’s falling, but altcoins are flying. NFTs are suddenly coming back to life. A secret indicator just flashed “Altseason incoming”…

Here’s what we got for you today:

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⭐ 5 Things You Shouldn’t Miss

🚀 If you’re into the Solana ecosystem, this is your moment. From July 21 to August 20, MEXC is hosting Solana Ecosystem Month with a huge lineup of rewards and incentives like: Zero-fee spot, Stake $SOL.X ( ▼ 1.38% ) for up to 400% APR, $100,000 in rewards. Bonus: You’ll get extra rewards from 6 exclusive side events. Here’re the full details!

solana-eco-month-event

Source: MEXC

🐶 Bit Origin just bought $40.5M worth of $DOGE.X ( ▼ 4.27% ) , officially kicked off its Dogecoin treasury plan. They believe Dogecoin is now entering a breakout phase, they see DOGE playing a central role in “X Money”. In fact, DOGE beat $XRP.X ( ▼ 2.04% ) and $USDC.X ( ▲ 0.01% ) in late 2024, reaching a $41B market cap – the first memecoin to do so.

👨‍🚀 After 3 years of waiting, TRON founder Justin Sun is finally heading to space aboard Blue Origin’s NS-34 mission. He paid $28M for the seat back in 2021, and now he’s set to cross the Kármán line in the coming weeks. While $TRX.X ( ▲ 1.0% ) hasn’t moved much yet, Sun’s high-profile flight could give the token a new boost, will he take TRX to the moon too?

📈 On July 23, major ETF issuers – Fidelity, VanEck, 21Shares, WisdomTree, Galaxy, and Franklin Templeton – filed amendments with the SEC to enable in-kind redemptions for their Bitcoin and Ethereum ETFs. This means instead of receiving cash when redeeming ETF shares, authorized participants can get the actual crypto (like BTC or ETH).

😮 A new ETH whale is forming, Dynamix, a NASDAQ-listed company, just announced it’s merging with Ethereum-focused startup Ether Machine → they plan to buy up to 400,000 $ETH.X ( ▼ 0.93% ) , worth $1.5 billion → surpassing SharpLink Gaming. Behind it all is a dream team like David Merin (Ex-Consensys), Darius Przydzial (ex-JP Morgan),…

🔥 Ethena Token Pumped 120% in 2 Weeks! Can It Hold in H2/2025

$ENA.X ( ▼ 7.4% ) , the token behind Ethena, just had a massive rally – up over 120%, making it one of the hottest names on the market right now.

All signs point to “Fee Switch” activation – a long-awaited feature that could start funneling protocol revenue back to token holders. That’s got investors excited… and speculators even more hyped.

Can ENA keep the momentum going in H2/2025 or is this just a quick pump before the cooldown?

📊 Fee Switch: The growth engine behind $ENA, but it’s not fully unlocked yet

Lately, $ENA’s price has surged, and a big reason is the growing hype around Ethena’s “Fee Switch” – a mechanism that shares protocol revenue with sENA holders (that’s staked ENA).

But here’s the catch…

The Fee Switch only activates if 5 specific conditions are met. As of July 2025, Ethena has checked off 4 out of 5:

1. Revenue milestone smashed: Ethena’s cumulative revenue is now ~$400M, well above the $250M target. That puts them ranked #32 across the entire crypto market.

ethena-revenue-vs-circulating-supply

Source: Token Terminal

2. USDe supply > $6B: That means USDe has officially flipped DAI, becoming the #3 decentralized stablecoin, just behind USDT and USDC, a big milestone.

3. Reserve ratio > 1% of total USDe supply

4. Spread APY is strong: Yield on sUSDe is ~10%, giving over a 5% premium versus safer assets like sUSDS or USDC on AAVE.

Still missing one final piece:

5. CEX integration: USDe is live on Bybit, MEXC, and Bitget (3 out of 5). But they still need Binance or OKX to hit full compliance and flip the switch.

So we’re close… but not quite there. Until then, it’s all about momentum and anticipation.

📈 Ethena is expanding fast but is low staking a red flag?

While $ENA’s rally is partly fueled by the “Fee Switch” hype, another big factor is ecosystem growth and it’s accelerating.

Two major pillars are leading the charge:

Ethena’s presence is also growing across chains. Highlights:

But here’s the concern… Only ~6% of $ENA is staked right now. That means most holders haven’t committed long-term, even as most staking rewards and airdrops are going to sENA holders.

This could lead to dilution risk if ENA’s circulating supply keeps rising without strong staking incentives or lockups.

We’ve seen this before, like with $TIA.X ( ▼ 2.56% )  in 2024, where low staking led to massive sell pressure every time tokens unlocked.

📈 Rate cuts coming and that might be Ethena’s biggest advantage.

Analysts expect the Fed to start cutting rates by Sept 2025. That’s usually bad news for traditional stablecoins like USDC or USDT, since their returns mostly come from T-bills.

But for Ethena, it’s a whole different story. Unlike others, Ethena doesn’t hold cash or bonds. Instead, it uses a delta-hedging strategy – holding crypto assets (like $ETH) while shorting perps to offset volatility.

So when markets flip bullish and people pile into long positions, funding rates go up and Ethena (which is short) collects that yield.

→ Higher funding = higher protocol profits.

🔍 Case in point: After the Fed’s rate cut in Dec 2024, Ethena hit a revenue record of ~$12M that month alone.

income-statement

Income statement. Source: Token Terminal

On the regulatory side, Ethena isn’t sitting still either. They’ve already met with the SEC Crypto Task Force to explain:

  • how USDe works,

  • how it differs from traditional stablecoins,

  • and why it should be classified differently.

This is a bold but smart move, especially with the U.S. actively shaping its crypto regulations right now.

If Ethena pulls this off, it could become the first stablecoin that pays real yield and scales globally, something $USDT and $USDC haven’t cracked yet.

🧩 Ethena: Big potential, but dilution risk still looms

Ethena is now one of the most-watched DeFi protocols going into late 2025. But before aping in, investors should step back and look at the full picture, especially around tokenomics and dilution risks.

Currently:

  • $ENA’s market cap sits around $3.1B

  • About 41% of total supply is unlocked

But by July 2026, circulating supply is expected to increase by 2.4B ENA → that’s a 38% inflation rate in just one year.

If the price stays around $0.5, that’s ~$1.2B worth of new tokens entering the market — a serious dilution risk, especially when compared to mature DeFi projects like Aave or Curve, which have much slower inflation.

ethena-total-unlock-progress

Ethena Total Unlock Progress. Source: Tokenomist

Yes, there’s still strong upside, especially with Fee Switch activation possibly pulling in more capital. If those timelines align, $ENA might sustain its momentum.

If not, a mid-term correction could be hard to avoid. Keep your eyes on both the expansion pace and the unlock schedule, that balance will be everything.

🚀 BTC Down, Alts Up: Last Call Before the Altcoin Rocket Launches?

With $BTC.X ( ▼ 0.47% ) pulling back but altcoins suddenly popping, many are asking the same question: Is this the last chance to get in before the real altcoin rally begins?

In this post, let’s break it down:

  • Why are alts pumping while Bitcoin is dropping?

  • NFT revival = early altseason signal?

  • BTC Dominance is falling, where’s the money going?

1️⃣ Why Is Bitcoin Dropping While Altcoins Are Popping?

If you haven’t noticed, Bitcoin is the only coin in the top 10 that’s down this past week, while many altcoins are pumping. So… what’s going on?

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Here’s what’s driving the shift:

a. Macro signals are turning “risk-on”

Investors are betting that the Fed will start easing soon. There’s even a rumor going around that Fed Chair Powell might step down.

Plus, U.S. GDP dropped 0.5% in Q1/2025, adding pressure for rate cuts. This makes the market feel more comfortable taking on risk.

gross-domestic-product-1st-quarter-2025-third-estimate-gdp-by-industry-and-corporate-profits-revised

b. Institutional money is flowing into Ethereum

Ethereum Spot ETFs just brought in $2.2B in one week. And big firms like Sharplink are loading up, they bought 280,706 ETH recently. That creates FOMO, and altcoins usually ride the wave.

c. Bitcoin Dominance is falling

BTC dominance dropped to 61%, meaning more capital is rotating from BTC into altcoins like ETH and SOL. Investors are likely taking profits from Bitcoin and trying to chase higher returns elsewhere.

This looks like a shift in sentiment from “play it safe” (risk-off) to “let’s go for gains” (risk-on).

Bitcoin is the safety net. But when confidence returns, the market chases altcoins, and that’s exactly what’s happening.

2️⃣ NFTs Are Back. Is That a Signal Altseason Is Coming?

NFTs have suddenly come back to life this past week and that’s sparked two opposite reactions from the market:

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This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.


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