[LIVE] Crypto News August 5 – Which Crypto to Buy Today for Long-Term Gains? BTC And ETH Accumulation Surges Despite DEX Slowdown

[Ben Graham]

Monday brought some relief to the market after a weekend that saw hundreds of millions worth of longs liquidated. But beneath the surface, smart money continues to accumulate select assets. So, which crypto should you buy today for long-term gains? While Bitcoin dropped below $112,000 and Ethereum briefly dipped under $3,400, whale and institutional activity tells an interesting story.

According to Lookonchain’s weekly report, 16 public companies purchased a combined 31,478 BTC worth $3.61 billion. MicroStrategy alone added 21,021 BTC ($2.46B), reinforcing its long-term bullish outlook. On the Ethereum side, 12 new wallets acquired 225,099 ETH ($819M), contributing to a total of 808,347 ETH ($2.85B) accumulated since July 9. SharpLink, a major whale, now holds over 498,000 ETH worth $1.81 billion.

Meanwhile, Ethereum accumulation continues to gain momentum. Whales and institutions are not slowing down. Just today, three fresh wallets acquired 63,837 ETH ($236M) via FalconX and Galaxy Digital OTC. Since July 9, 14 new wallets have collectively bought 856,554 ETH, worth an estimated $3.16 billion.

$ETH is looking incredible here

1) Broke out from down channel (red)
2) Entered again main uptrend (black)

Expecting it to consolidate a bit longer within the lower side of the channel before reclaiming the upper side and going for new highs

Patience is key here pic.twitter.com/bji4FrLFLo

— Teddy (@TeddyCleps) August 5, 2025

These aggressive accumulation trends suggest that BTC and ETH remain top contenders for long-term portfolios—making them prime candidates for anyone wondering which crypto to buy today amid market uncertainty.

EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now

DEX Trading Drops, But Stablecoin Flows Remain Strong

While accumulation is up, trading activity on decentralized exchanges (DEXs) declined last week. DEX spot volume dropped 21.6% week-over-week to $95.3 billion. PancakeSwap and Raydium saw double-digit volume losses, while Uniswap remained relatively stable at $25.58B.

On the derivatives side, DEX perpetual trading volume fell 7.68% to $121.1B. Hyperliquid still led with $77.16B in volume despite a 13% drop, while edgeX was the only major gainer (+14.65%).

Interestingly, the stablecoin market cap increased by $1.99B, with $662M flowing into Arbitrum. This indicates capital is still moving into crypto, even if short-term trading has slowed.

1 hour ago

SEC Greenlights Stablecoins as Cash Equivalents in Interim Guidance

By Fatima

The U.S. Securities and Exchange Commission (SEC) has issued temporary accounting guidance allowing certain fully backed, USD-pegged stablecoins to be treated as cash equivalents on corporate balance sheets. This interim move offers clarity for businesses and institutions while the SEC continues broader rulemaking under its “Project Crypto” initiative.

To qualify, stablecoins must be redeemable at par value, backed 1:1 with cash or short-term U.S. Treasury assets, and offer immediate liquidity. This excludes algorithmic and non-USD stablecoins, as well as any with risk-bearing structures.

The decision is seen as a boost for institutional adoption, making it easier for companies to hold and report stablecoin assets in line with traditional cash holdings. It also aligns with emerging regulatory frameworks like the GENIUS Act, which requires transparency and reserves for stablecoin issuers.

While temporary, this guidance marks a step toward greater crypto integration in finance, offering much-needed compliance clarity for firms using regulated stablecoins like USDC and USDT.

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