Coinbase Says Altcoin Boom Next!

Coinbase believes crypto markets are on the verge of a full-scale altcoin season.

Author

Danielle du Toit
August 15, 2025

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Here's what we've got for you today:

  • Coinbase Flags Early Signs of Altcoin Season, With Ethereum at Core of Momentum

  • Crypto Address Poisoning Scammers Netted $1.6M This Week

  • American Bitcoin Buys $314M in Bitmain Mining Rigs

  • Spot Ethereum ETFs Log $639 Million in Inflows, Extending Positive Streak to 8 Days

Coinbase believes crypto markets are on the verge of a full-scale altcoin season.

  • Coinbase sees signs of an altcoin season driven by rising institutional demand for Ethereum and the potential boost from a Federal Reserve rate cut in September.

  • Market trends match Coinbase’s earlier 2025 forecast, with stronger macro conditions and clearer regulations supporting new crypto market highs.

  • Bitcoin dominance also fell from 65% to 59% since May, while the altcoin market cap surged over 50% since July to $1.4 trillion.

Crypto users lost more to address poisoning this week than in the entire month of March.

  • Over $1.6 million was stolen from crypto users in the past week through address poisoning attacks, which surpassed March’s total losses of $1.2 million.

  • One victim lost 140 ETH after copying a lookalike address from a compromised transaction history.

  • Some of the other incidents included losses of $880,000, $80,000, and $62,000!

American Bitcoin, backed by members of US President Donald Trump’s family, purchased 16,299 Bitmain Antminer units for $314 million.

  • American Bitcoin, backed by members of Donald Trump’s family, is buying up to 17,280 ASIC miners from Bitmain.

  • The goal of the move is to protect the company from price hikes tied to new US tariffs and import duties on China-made mining equipment.

  • Bitmain plans to open its first US ASIC production facility and a new headquarters in Florida or Texas to adapt to the trade restrictions.

Spot Ethereum ETFs in the US posted $639.6 million in net inflows on Thursday.

  • US spot Ethereum ETFs recorded $639.6 million in net inflows on Thursday, which was their 8th consecutive day of inflows.

  • BlackRock’s ETHA led with $519.7 million, followed by Grayscale’s Ethereum Mini Trust with $60.7 million and Fidelity’s FETH with $56.9 million.

  • The eight-day streak follows Monday’s record $1.02 billion inflow, bringing total inflows over the period to $3.71 billion.

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