LIVE Crypto News Today: Latest Updates for August 05, 2025 – Crypto Market Rebounds as Layer 2 Tokens Lead Surge, ETH Briefly Breaks Above $3,700

The crypto market saw broad gains over the past 24 hours, led by Layer 2 tokens which jumped 6.15%. Mantle (MNT) soared 16.32%, while Zora (ZORA) and Optimism (OP) rose over 5%. Meanwhile, Ethereum (ETH) climbed 4.48%, briefly breaching the $3,700 mark, and Bitcoin (BTC) edged up 0.29% to hover near $114,000. Despite the overall uptrend, sectors like NFTs and SocialFi posted minor losses today.

Ethereum PoS Network Exit Queue Shrinks for Third Straight Day as $1.78B in ETH Awaits Withdrawal

The number of ETH waiting to exit Ethereum’s proof-of-stake (PoS) network has declined for three consecutive days, according to validatorqueue data. As of August 5, roughly 488,686 ETH, worth around $1.785 billion, remains in the exit queue, with an estimated withdrawal time of 8.5 days. Meanwhile, 125,718 ETH (approximately $459 million) is queued to enter the network, reflecting rising institutional interest. These contrasting trends highlight a market balancing between profit-taking stakers and renewed inflows driven by Ethereum’s strong recovery and regulatory tailwinds. Source: Validatorqueue

---

Market Highlights

• Layer 2 Tokens: Led the market surge with a 6.15% increase.
• Mantle (MNT): Jumped 16.32%.
• Zora (ZORA) & Optimism (OP): Rose over 5%.
• Ethereum (ETH): Climbed 4.48%, briefly surpassing $3,700.
• Bitcoin (BTC): Increased 0.29%, hovering near $114,000.
• NFTs and SocialFi: Experienced minor losses.

---

Stay tuned for more live updates on the crypto market and industry developments.

---

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

---

Source: Originally published at CryptoNews on August 05, 2025.

Frequently Asked Questions (FAQ)

Market Performance and Trends

Q: Which crypto sector led the market gains today? A: Layer 2 tokens led the market surge, with a 6.15% increase. Q: Which specific Layer 2 tokens saw significant price increases? A: Mantle (MNT) soared by 16.32%, while Zora (ZORA) and Optimism (OP) both rose by over 5%. Q: What was Ethereum's price movement today? A: Ethereum (ETH) climbed 4.48%, briefly breaking above the $3,700 mark. Q: How did Bitcoin perform today? A: Bitcoin (BTC) saw a modest increase of 0.29%, trading near $114,000. Q: Were there any sectors that experienced losses? A: Yes, sectors such as NFTs and SocialFi posted minor losses today.

Ethereum PoS Network Activity

Q: What is the current status of Ethereum's PoS network exit queue? A: The number of ETH waiting to exit Ethereum's proof-of-stake (PoS) network has declined for three consecutive days. Q: How much ETH is currently in the exit queue? A: As of August 5, approximately 488,686 ETH, valued at around $1.785 billion, is in the exit queue. Q: What is the estimated withdrawal time for ETH from the PoS network? A: The estimated withdrawal time is currently 8.5 days. Q: Is there any ETH queued to enter the network? A: Yes, 125,718 ETH (approximately $459 million) is queued to enter the network, indicating renewed institutional interest. ##Crypto Market AI's Take The crypto market is showing a healthy rebound, with Layer 2 solutions like Mantle, Zora, and Optimism leading the charge. This resurgence, particularly in Ethereum's ecosystem, is further bolstered by positive developments on the PoS network, such as a shrinking exit queue. This indicates a balanced market sentiment, with both stakers potentially realizing profits and new institutional interest driving inflows. For investors looking to navigate these dynamic shifts, understanding the underlying technological advancements and market sentiment is crucial. At Crypto Market AI, we offer sophisticated tools to help you stay ahead of these trends, providing real-time analysis and AI-driven insights into market movements and emerging opportunities. Explore our AI-powered trading strategies to make informed decisions in this evolving landscape. ##More to Read:
• Understanding Ethereum's Proof-of-Stake and its Implications
• The Rise of Layer 2 Solutions in the Crypto Ecosystem
• Bitcoin Price Analysis: What's Driving the Latest Movements?