Key market intelligence on August 8, how much did you miss?

CN
2 hours ago

Selected News

  1. Trump nominates "pro-crypto" official Stephen Miran to serve on the Federal Reserve Board

  2. pump.fun launches Glass Full Foundation to accelerate community development in the ecosystem

  3. Solana on-chain token V2EX market cap surpasses $20 million, reaching an all-time high

  4. Binance Alpha will launch Sidekick (K), with a first-phase airdrop points threshold of 233 points

  5. Base ecosystem tokens experience a general rise, with ZORA up 30% in 24 hours

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

XRP: With the SEC reaching a settlement in its long-standing lawsuit with Ripple, XRP has become a hot topic. Both parties have jointly withdrawn their appeals, ending nearly five years of legal disputes. This development has boosted community sentiment, accompanied by news of Ripple acquiring Rail Financial for $200 million to strengthen stablecoin payment infrastructure, as well as market speculation about the approval of an XRP ETF.

LINK: Chainlink has launched the "LINK Reserve Fund Program," which converts on-chain and off-chain revenue into LINK token reserves, aimed at long-term support for network development and token value anchoring. Over a million dollars in LINK has been accumulated, and the ongoing buyback mechanism from enterprise revenue is expected to create supply shocks and drive up token prices.

MIM: Magic Internet Money (MIM) gained popularity after Coinbase posted a meme tweet about MIM, which was subsequently retweeted by Elon Musk, causing its market cap to soar. As a native crypto meme project, MIM has sparked renewed community discussion and is seen as a strong candidate for potential listing on mainstream exchanges, with positive investment sentiment.

AVAX: Avalanche has garnered attention for launching a zkVerified lending vault supported by Keyring Network and Euler Finance, enhancing its privacy and compliance features in the DeFi space. Additionally, its integration with eCash has improved the platform's scalability and security in the payment sector. The community is also excited about Avalanche's potential in supporting privacy-focused AI and custom L1 chains.

WLFI: WLFI has gained traction due to the announcement of its upcoming USD1 points program launching on multiple exchanges including Gate.io, HTX Global, KuCoin, MEXC, and LBank. This program encourages users to earn points through trading, holding, staking USD1, and using the WLFI App. It is reportedly supported by the Trump family, aiming to drive user growth and ecosystem activity for the USD1 stablecoin, sparking discussions about the resources and influence behind it.

Featured Articles

  1. Why is he the most popular candidate for Federal Reserve Chair?

In early August, the already turbulent personnel situation at the Federal Reserve suddenly accelerated—Governor Adriana Kugler unexpectedly resigned, and the head of the Bureau of Labor Statistics was personally dismissed by Trump on the day the non-farm payroll data was released. Just as the market had not fully digested the personnel upheaval, the White House has made it clear: "A decision on the Federal Reserve Chair will be made this weekend."

  1. Can tokenized Pre-IPO stocks break the barriers of the private equity market?

Although the private equity market offers high returns, it remains primarily targeted at institutional investors and high-net-worth individuals, making it difficult for ordinary investors to participate. Tokenization can address the limitations of the traditional financial system in terms of liquidity, accessibility, and convenience, but it still faces significant legal and technical hurdles. Projects like Ventuals, Jarsy, and PreStocks are exploring different approaches to tokenizing private equity. Although these attempts are still in the early stages, they have already shown potential to reduce structural barriers in the market.

On-chain Data

On-chain capital flow situation on August 8

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