- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: +1.69%
- ETH: +1.85%
- XRP: +0.35%
- SOL: +2.41%
- BNB: +2.16%
- PROVE: +264.40%
- DOGE: +2.46%
- LTC: -3.19%
- TRX: +0.91%
- SUI: +1.72%
24-Hour Price Increase Rankings (Data Source: OKX):
- MEMEFI: +184.05%
- DAO: +22.08%
- GODS: +20.23%
- RPL: +15.32%
- AIDOGE: +11.50%
- PROMPT: +10.38%
- DYD: +10.12%
- ATH: +9.65%
- TURBO: +9.42%
- POL: +9.00%
- Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- FLOWE
- DeepSeek
- Grok
- WATER
- TOM
- 24-Hour Trending Tokens
Jingdong, a meme coin focusing on stablecoin payments, currently has a market cap of approximately $6.8 million, with a 24-hour trading volume of $12.4 million.
BNC, according to the memego website, this token emphasizes a strong narrative linked to Binance's stock code, with the community expecting CZ to retweet in support, highlighting the concept of "the crypto circle entering the stock market" to attract investors interested in Binance's background.
Headlines
Standard Chartered: Ethereum Treasury Company's Investment Value Exceeds US Spot ETH ETF
Geoffrey Kendrick, head of digital asset research at Standard Chartered, stated that the Ethereum Treasury Company has purchased approximately 1.6% of circulating ETH since June, with the purchasing speed on par with the ETH spot ETF. The market value to net asset value (NAV multiple) has returned to normal levels and remains above 1, indicating "extremely high investment value." He pointed out that these companies can participate in staking and DeFi operations, making their investment appeal surpass that of the US spot ETH ETF. SharpLink Gaming (SBET) is one of the representatives in this field. Kendrick expects that the ETH Treasury Company may ultimately hold 10% of circulating ETH, growing faster than Bitcoin Treasury Companies, reflecting widespread acceptance of ETH as a corporate reserve asset.
PancakeSwap Launches US Stock Perpetual Contracts
PancakeSwap officially announced the launch of US stock perpetual contracts. Currently, perpetual contracts for US stocks AAPL, AMZN, and TSLA are now live on PancakeSwap Perpetuals, with a maximum leverage of 25 times.
64 Ethereum Reserve Strategy Companies' Total Holdings Exceed 3 Million ETH
According to StrategicETHReserve data, as of now, the total holdings of 64 Ethereum reserve strategy companies with holdings of over 100 ETH have surpassed 3 million ETH, currently reaching about 3.04 million, valued at approximately $10.98 billion, accounting for about 2.51% of the total ETH supply. The data shows that currently, 9 institutions hold more than 100,000 ETH, with the top three being Bitmine (831,000 ETH), SharpLink Gaming (521,900 ETH), and The Ether Machine (345,400 ETH).
Industry News
Daily Transaction Count on Ethereum Network Rises to 1.87 Million, Approaching Historical Peak
According to Etherscan data, the daily transaction count on the Ethereum network rose to 1.87 million yesterday, approaching the historical peak of 1.96 million set on January 14, 2024.
Nansen senior research analyst Jake Kenni stated that this surge in transactions was mainly driven by the increase in stablecoins like USDC and Tether, as well as the trading volume on the decentralized exchange Uniswap. DappRadar senior analyst Sara Gherghelas pointed out that the passage of the "GENIUS Act" provides a legal framework for US stablecoin operations, enhancing market confidence.
Tornado Cash Developer Found Guilty of Conspiracy to Operate Unlicensed Money Transfer Business
A Manhattan jury found Tornado Cash developer Roman Storm guilty of conspiracy to operate an unlicensed money transfer business, but did not reach a consensus on charges of money laundering and sanctions violations.
Crypto organizations such as the DeFi Education Fund and Blockchain Association expressed disappointment with the ruling, stating that it sets a dangerous precedent for open-source software developers and called for Storm to appeal. CahillNXT partner Samson Enzer stated that the ruling shows the government failed to adequately prove that Storm knew his actions would assist criminals in money laundering. Storm himself stated he would continue to fight the related charges.
US Public Company Actelis Networks Establishes Cryptocurrency Reserve Treasury
US public company Actelis Networks, Inc. announced the establishment of a cryptocurrency reserve treasury. The board has authorized management to diversify the company's asset holdings through selective investments in mature digital assets that meet specific criteria (including cryptocurrencies ranked in the top 100 by market cap, traded on major exchanges, with a market cap of at least $500 million).
Cosmos Health Reaches Up to $300 Million Securities Purchase Agreement to Launch ETH Treasury
Nasdaq-listed company Cosmos Health announced it has reached a securities purchase agreement of up to $300 million with a US institutional investor to initiate an ETH treasury strategy, strategically accumulating ETH, with assets to be custodied and staked through the institutional infrastructure provided by BitGo Trust Company.
Project News
Orca Council Proposal: Plans to Buy Back ORCA with Up to 55,000 SOL and Stake
The Orca Council released a governance proposal to use up to 55,000 SOL to buy back ORCA and stake it to its validator node. ORCA token holders can submit veto votes during the 5-day voting period and 2-day cooling-off period.
The main contents of the proposal include:
Funding Scale: Using approximately 55,000 SOL and 400,000 USDC from the treasury;
Execution Method: All SOL will first be staked at the Orca validator node, then periodically withdrawn for ORCA buyback; the plan will be conducted on DEX or through market makers for a duration of 24 months, with a daily buyback limit of 2% of ORCA's 30-day average trading volume;
Token Handling: The ORCA obtained from the buyback will be deposited into the DAO multi-signature wallet, potentially for destruction, xORCA pool rewards, or ecological funding;
Risk Management: If the ORCA price fluctuates more than 15% within 24 hours, the buyback plan will be suspended.
Backed's xStocks Tokenized US Stock Trading Volume Exceeds $2 Billion
The tokenized physical asset platform Backed's xStocks tokenized US stock product has surpassed $2 billion in cumulative trading volume since its launch in May. According to Dune data, trading is mainly concentrated on centralized exchanges (CEX), accounting for $1.94 billion. Tesla tokens are the most popular, with over 11,000 holders. Currently, the total number of xStocks holders is about 25,500, managing assets worth $43.6 million. Backed has recently expanded trading support to the BNB Chain, continuing to promote a multi-chain layout. Analysts believe that tokenized stocks are gradually opening up new opportunities for global markets and 24-hour trading.
Nasdaq-listed Company TAO Synergies Discloses Holding of 42,111 TAO Tokens
Nasdaq-listed company TAO Synergies announced it will accelerate the advancement of its decentralized AI financial strategy, having accumulated 42,111 Bittensor (TAO) tokens as of August 5, and will actively participate in staking on the Bittensor (TAO) network.
Investment and Financing
Crypto investment startup Parataxis Holdings announced it will merge with special purpose acquisition company (SPAC) SilverBox Corp IV, planning to raise up to $640 million to establish a Bitcoin treasury company. Upon completion of the merger, the new company will be listed on the New York Stock Exchange under the stock code PRTX.
The statement shows that this transaction will provide Parataxis with up to approximately $240 million in funding, depending on the redemption situation of SilverBox shareholders, which includes $31 million of immediately available equity funding for the purchase of Bitcoin. Additionally, Parataxis has signed a share purchase agreement allowing for the issuance and sale of up to $400 million in equity, thereby providing financial support for the advancement of the Bitcoin treasury strategy.
Satsuma Completes Approximately $218 Million Financing, Participated by ParaFi Capital and Others
London-listed company Satsuma Technology announced that it has completed approximately $218 million in financing through the issuance of a second round of convertible loan notes, with participation from ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG, and Kenetic Capital. It is reported that nearly $125 million of the funds were settled in Bitcoin to enhance its Bitcoin funding strategy.
Decentralized prediction market Bayes Labs announced the completion of $2 million in strategic round financing, with participation from Singapore's GreenVision Fund, Jkapital Ltd., and Bearcat. The new funds will be used to accelerate Bayes Labs' product development, regional expansion, and user growth, especially in Asia.
Nasdaq-listed company ZOOZ Power announced the completion of a $5 million first round private placement financing, with a share issuance price of $2. This financing is the first phase of the company's previously announced $180 million private placement plan for institutional investors. Upon obtaining shareholder approval, approximately 95% of the private placement proceeds will be used to implement the Bitcoin reserve strategy. This move will make ZOOZ the first dual-listed company on Nasdaq and Tel Aviv to adopt Bitcoin as a reserve asset.
Regulatory Trends
UK Lifts Ban on Retail Crypto ETNs, Signaling Efforts to Become a Cryptocurrency Hub
UK financial regulators have lifted the ban on crypto exchange-traded notes (cETNs) for retail investors, allowing individual investors to make their own risk choices. This move has received industry support and is seen as a step for the UK to align with the global crypto market and strengthen its position as a digital asset hub. Last Friday, the UK's Financial Conduct Authority (FCA) announced the lifting of the ban on retail investors trading cETNs, with the regulatory change set to take effect on October 8. The ban had been in place since January 2021, citing extreme market volatility and "lack of legitimate investment demand." The lifting of the cETN ban reflects a shift in the regulatory attitude towards crypto assets. An FCA executive stated that this decision reflects market development and an increased public understanding of crypto-related products. Although the FCA has lifted the ban on cETNs, the regulator clarified that crypto derivatives remain prohibited.
Voices
Placeholder Partner: ETH/BTC Exchange Rate Uptrend May Still Be Ongoing
Placeholder partner Chris Burniske stated on social media today that the uptrend in the ETH/BTC exchange rate "does not seem to have stopped."
Trump Says He Will Donate Presidential Salary, First Payment for White House Renovation
US President Trump posted on social media: "I am proud to be the only president (perhaps except for the late great President Washington) to donate my salary. My first 'salary' donation went to the White House Historical Association for much-needed renovations to this beautiful 'People's House.' The White House is undergoing an unprecedented major renovation and beautification project since its construction."
Fed's Daly: Labor Market Slowing, Tariffs Only Cause Short-Term Impact, Fed Will Soon Cut Rates
San Francisco Fed President Daly stated on Wednesday that considering the slowing labor market and her assessment that tariffs pose only a short-term threat to inflation, she believes the Fed will soon need to cut rates. "Without tariffs, inflation has been gradually declining, and as the economy slows and monetary policy remains restrictive, inflation should continue to decline." She added that while tariffs will push inflation higher in the short term, they are unlikely to have a lasting impact. Meanwhile, the labor market has already weakened. "I think further slowing would be concerning; once the labor market starts to wobble, it tends to decline rapidly and severely. All of this means we are likely to need to adjust policy in the coming months."
Thomas Lee Again Bullish on Ethereum: Today's ETH Similar to BTC in 2017
BitMine (BMNR) board chairman Thomas Lee again expressed bullish sentiment on Ethereum on the X platform, writing: "Many people wish they could have made a large bet on Bitcoin in 2017 when the price was below $1,000, and now it has reached $114,000. Today's Ethereum is similar, and I expect it to reach that moment in 2025."
Galaxy Digital CEO: The Wave of Corporations Holding Crypto Assets Has Reached Its Peak
Michael Novogratz, founder and CEO of Galaxy Digital, stated during the company's second-quarter earnings call that the trend of corporations incorporating cryptocurrency into their balance sheets may have reached its peak. He noted that the key now is to observe which existing companies will develop into industry leaders.
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