Crypto Week Ahead (Aug 4-8, 2025) 🧵👇 Crypto: 1. Earnings Releases - Aug 4: - Semler Scientific (SMLR) - Aug 5: - Galaxy Digital (GLXY) - Aug 7: - Block (XYZ) - CleanSpark (CLSK) - Hut 8 (HUT) - Cipher Mining (CIFR) - Aug 8: - TeraWulf (WULF) 2. Ongoing Crypto Regulatory Task-Force Input Window No live roundtables next week, but SEC/CFTC continue accepting written comments on recent ETF and stablecoin rule filings. Any extensions/notices in the Federal Register could signal timetable shifts for crypto ETF filing prospects. 3. Bitcoin Miners July Production Bitcoin miners will begin publishing their July production results. Look out for capacity expansion/delays, bitcoin balances, new funding/purchases.

1/ 🚨 Jobs Numbers Plunge: Implications for Markets - 73k July nonfarm payrolls missed expectations by 30% - 89% cumulative downward jobs revisions from May and June reports - Sept rate cut odds have jumped to 81% per CME Fed Watch Tool - Asset Performance: - BTC: -1.4% - SPY: -1.5% - Gold: +1.8% - US Agg Bonds: +0.8%

@ethereum just turned 10, and it’s entering its most pivotal decade yet. Stablecoins on Ethereum settle nearly half of all on-chain dollar transfers globally, burning ETH with every transaction. Digital Asset Treasuries are locking up ETH’s float, and spot ETFs are unlocking historic levels of institutional demand. Cool breakdown of some of the ethereum companies we've backed over the years: @circle (@jerallaire) @brave @ShapeShift (@ErikVoorhees) @arbitrum (@sgoldfed) @StarkWareLtd @Alchemy (@nikil) @Instadapp @1inch @0xProject #flashbots @LidoFinance @OmniFDN @Bitso @MorphoLabs @worldcoin @BitwiseInvest @HHorsley @BitMNR @SharpLinkGaming @m0 Full breakdown in my latest VeradiVerdict👇 #Ethereum #Stablecoins #DATs #ETHETF #DeFi #Web3 #Crypto #VeradiVerdict

Every so often you meet someone who you know is destined to be a big star. I had one of those moments when I met Jeff Park in late 2021.

From all 110 of us here at Bitwise, we’re grateful for Jeff’s work over the last 3 years. Jeff helped build Bitwise’s alpha & custom solutions from zero to hundreds of millions in AUM managed for clients. Jeff will be transitioning to being a Bitwise Advisor as he pursues a great new opportunity, which we’re excited to support. We look forward to sharing more on personnel additions in the coming weeks. Two new portfolio managers have joined Bitwise’s Alpha and Custom Solutions franchise — one leading multi-strat solutions and one leading options strategies — as we continue to scale up the team. The opportunities for investors in crypto have never been greater. We’re entering the mainstream era of this asset class and are delighted to see this space succeed.

July 2025 was the end of the beginning for crypto. A new chapter is starting now— crypto will start to show up everywhere as a mainstream asset class and technology over the next 12-24 months. What started as an Executive Order from the President months ago, has now advanced with the Genius Act, likely soon the Clarity Act, and today, this historic speech from the Chairman of the SEC, Paul Atkins: "I would like the world to go on notice that under my leadership, the SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant. To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain environment to an on-chain one. ... We are at the threshold of a new era in the history of our markets. As I mentioned earlier, today I am announcing the launch of “Project Crypto”—a Commission-wide initiative to modernize the securities rules and regulations to enable America’s financial markets to move on-chain. ... As we advance these priorities, I look forward to working with my counterparts across the Administration to make the United States the crypto capital of the world. This represents more than a regulatory shift—it is a generational opportunity." Change is officially coming to U.S. capital markets. As ever, all of us at @BitwiseInvest are excited to get to be part of it alongside our clients and the incredible people in this space. Onward —

Today marks the beginning of the end of firms thinking they must call crypto "digital assets" to sound legitimate. Long live crypto.

Bitwise aspires to be an advocate for the hard working builders in this ecosystem. Delighted to support this —

Love seeing @zoink succeed. He’s a uniquely great business leader. Love the idea that there will be more people that view him as a role model.

Ethereum is the dominant platform across DeFi, stablecoins and RWA tokenization. Excited for the next 10 years of innovation!