- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: 0.96%
- ETH: 9.38%
- SOL: 10.64%
- DOGE: 5.64%
- BNB: 3.3%
- ENA: 1.1%
- LTC: 9.04%
- ADA: 8.72%
- PEPE: 8.61%
- XRP: 3.32%
24-Hour Price Increase Rankings (Data Source: OKX):
- SKL: 16.88%
- MLN: 13.1%
- MEMEFI: 12.76%
- KMNO: 10.13%
- WCT: 7.72%
- SLERT: 7.43%
- JTSOL: 7.4%
- OKSOL: 6.85%
- SOL: 6.82%
- JTO: 6.24%
- Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- RETARD
- ORANGE
- FUN
- BWE
- Smiski
- 24-Hour Trending Cryptocurrencies
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Headlines
Market News: Do Kwon to Plead Guilty to Charges of Conspiracy Fraud and Wire Fraud
According to market news: Based on statements made by the judge at a U.S. court hearing, Terraform Labs co-founder Do Kwon will plead guilty to two counts of conspiracy fraud and wire fraud, related to the collapse of the cryptocurrency market valued at over $40 billion.
Bitmine Plans to Increase Stock Offering to a Maximum of $24.5 Billion to Acquire More ETH
According to public documents from the U.S. SEC, Nasdaq-listed Bitmine Immersion plans to increase the total amount of common stock available for sale under the sales agreement to a maximum of $24.5 billion to acquire more ETH, which includes up to $2 billion under the prospectus, $2.5 billion under the prospectus supplement, and an additional $20 billion under the latest prospectus supplement.
Fed Mouthpiece: July CPI High, but May Not Be Enough to Prevent Rate Cut in September
“Fed mouthpiece” Nick Timiraos: The threshold for rate cuts has changed following the release of the July employment report. The rate cut plan for September may be hindered by today’s high CPI data. The July CPI data is not “inflation-free,” but its intensity may not be enough to prevent a rate cut in September.
One Week After Stablecoin Regulations Take Effect, Hong Kong OTC Market Size Decreases by About 33%
According to Bitrace's long-term monitoring of business address traffic for VAOTC entities located in Hong Kong or primarily serving Hong Kong clients (covering all service providers' TRC 20-USDT outflow data from June 1 to July 31 and August 1 to August 8, excluding non-operational transfer activities between business addresses), from June 1 to July 31, all business addresses transferred out a total of 3.17 billion USDT, averaging 52.04 million USDT per day; from August 1 to August 8, all business addresses transferred out a total of 279 million USDT, averaging 34.9 million USDT per day.
Industry News
Trump's Cryptocurrency Investments Yielded $2.4 Billion in Profits
According to Cointelegraph, since 2022, President Trump's cryptocurrency investments have generated $2.4 billion in profits. It is reported that this income accounts for 43.5% of his accumulated personal wealth during his political career, including profits from NFTs, World Liberty Financial, and Bitcoin mining investments.
Stablecoin Issuer Circle and Shareholders Plan to Sell 10 Million Shares
Stablecoin USDC issuer Circle Internet Group and its shareholders plan to sell a total of 10 million shares. According to documents submitted to the U.S. Securities and Exchange Commission, Circle will sell 2 million shares, while shareholders, including co-founder and CEO Jeremy Allaire, will sell 8 million shares. Based on Tuesday's closing price of $163.21, the total amount from this stock issuance is approximately $1.63 billion.
SharpLink Increases Holdings by 5,226 ETH, Total Holdings Exceed 600,000 ETH
According to Lookonchain monitoring, SharpLink (SBET) has increased its holdings by 5,226 ETH an hour ago, valued at $23.1 million. SharpLink currently holds 604,026 ETH, valued at $2.69 billion, ranking second among institutional Ethereum holdings.
U.S. Listed Company Genius Group Considering Dual Listing in South Korea with Bitcoin Strategy
NYSE-listed Genius Group announced that its board has approved a dual listing on an exchange in the Asian market, reportedly showing strong interest in a dual listing in South Korea. It is reported that Genius Group's total Bitcoin holdings reached 200 BTC by the end of July.
Project News
Stripe Appoints Paradigm Co-Founder Matt Huang as CEO of Tempo Project
Payment technology company Stripe has appointed Matt Huang, co-founder and managing partner of cryptocurrency investment firm Paradigm, as the CEO of its blockchain project Tempo. Huang will retain his position at Paradigm.
Previously, it was reported that fintech company Stripe is collaborating with Paradigm to develop the payment blockchain Tempo.
Cookie Snaps Launches ANTIX, 0.25% of Total Token Supply Allocated to Platform Users
Cookie DAO announced on platform X that Cookie Snaps has launched ANTIX, with 0.25% of the total token supply allocated to platform users, of which 0.212% is allocated to the top 500 users on the Snaps leaderboard, and an additional 0.038% is allocated to COOKIE token stakers.
Spark: First Quarter SPK Token Rewards Now Open for Claim
The lending protocol Spark officially announced on platform X that the first quarter SPK token rewards are now open for claim. Additionally, if the claimed rewards are staked again within 24 hours, a 10% loyalty bonus will be granted.
Suspected Vulnerability in odin.fun Exploited, Loss of Approximately 60 BTC
Community members reported that the odin.fun platform appears to have a vulnerability, resulting in the transfer of approximately 60 BTC.
Qubic Responds to Monero 51% Attack Incident, Claims Experiment is Proceeding as Planned
Qubic responded on social media regarding the 51% attack incident on Monero (XMR), stating that its Monero experiment is proceeding as planned, with relevant details to be disclosed at an appropriate time. Previously, it was reported that the Qubic project, initiated by IOTA co-founder Sergey Ivancheglo, rapidly accumulated Monero hash power using the "useful proof of work (uPoW)" mechanism, at one point controlling 52.72% of the network hash rate (approximately 3.01 GH/s), with the potential to reject blocks from other mining pools, trigger chain reorganizations, and enable double spending.
Regulatory Trends
Kazakhstan Launches Central Asia's First Spot Bitcoin ETF
Kazakhstan's asset management company Fonte Capital launched Central Asia's first spot Bitcoin exchange-traded fund (ETF) on August 13 at the Astana International Exchange (AIX). The fund trades under the code BETF and is denominated in U.S. dollars.
Each fund share is backed by physical Bitcoin, with custody services provided by the U.S. licensed custodian BitGo, offering insurance coverage of up to $250 million. BitGo employs measures such as offline cold storage and secure vaults to ensure asset safety.
According to Ari Redbord, Global Policy Head at TRM Labs, the U.S. has recently introduced a series of new regulations in areas such as stablecoins and market structure, which will help attract large banks and institutions to provide cryptocurrency asset services. However, this has also raised concerns about insufficient law enforcement personnel. This year, large-scale government layoffs driven by U.S. President Trump and former DOGE head Elon Musk have affected key agencies such as the SEC, OCC, and FDIC, with over 2,000 positions cut in May.
Fosun International has confirmed that it will apply for a Hong Kong stablecoin license. On August 6, Fosun International founder Guo Guangchang led a stablecoin team to meet with Hong Kong Chief Executive John Lee and Financial Secretary Paul Chan. Fosun has established a special team to advance the license application, and its subsidiary Fosun Wealth, relying on the Xinglu Technology platform, has ventured into digital asset business, including participating in the distribution of tokenized products for money market funds issued by Huaxia Fund, and developing a real-world asset (RWA) tokenization platform. According to the Hong Kong Monetary Authority's arrangements, applying institutions can engage with regulatory authorities after August 1 and must submit application materials by September 30.
Investment and Financing
Transak Completes $16 Million Financing, Co-led by IDG Capital and Tether
Web 3 payment infrastructure company Transak announced the completion of a new round of financing totaling $16 million, co-led by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures. Transak plans to use the funds to expand its stablecoin payment stack and enter new markets.
Blockchain identity verification platform 1 Kosmos announced the completion of $57 million in Series B financing, led by Forgepoint Capital and Oquirrh Ventures under Origami, with participation from Craig Abod, founder and president of Carahsoft, NextEra Energy Ventures, Gula Tech Adventures, and the 1 Kosmos management team. 1 Kosmos uses a private, permissioned blockchain for the encryption and storage of personally identifiable information (PII), helping businesses transform identity verification into a business driver and advancing the future of identity verification and passwordless authentication.
Blockchain Payment Company Riva Completes $3 Million Seed Round Financing, Led by Project A
Payment company Riva Money announced the completion of a $3 million seed round financing led by Project A, with individual investors from Revolut, Monzo, and J.P. Morgan participating. Riva utilizes blockchain technology and stablecoins to optimize cross-border payment processes, addressing pain points such as high costs and slow settlement in existing systems while providing better exchange rate options. The company was co-founded by former Revolut and Wise executives Niklas Hoejman and Mahendra Katoch, and is applying for payment institution licenses in the UK and EU, as well as MICA and VASP licenses, to promote global regulatory expansion.
Voices from the Industry
Huatai Securities' research report states that U.S. inflation data for July shows that tariffs have a relatively mild transmission effect on inflation. According to research by Cavallo and others, the maximum increase in commodity prices occurs 10-15 weeks (3-4 months) after the announcement of tariffs, and the transmission of tariffs is relatively rapid. However, due to weak perceived demand, businesses only pass on 50-60% of the tariff pressure to consumers, avoiding a larger upward movement in inflation. Looking ahead, due to a certain increase in U.S. tariffs in August, we expect tariffs may continue to moderately push up core inflation, but weak business demand and a weakening job market will constrain the upward movement of inflation. Additionally, slowing demand and accelerated deportation of illegal immigrants indicate that the job market will still face pressure in the third quarter. Therefore, we maintain our judgment of the first rate cut in September and two rate cuts this year.
Yu Xian, founder of Slow Mist, commented on the 51% attack incident on Monero on platform X, stating that there are many doubts in the community about whether it is a true 51% attack, but there are no doubts about the reorganization of blocks (such as 6 blocks). The Qubic mining pool claims to control 51% of the hash rate, but many community members believe it controls about 33% of the hash rate. This debate is not easy to verify; to definitively prove a 51% attack, a double-spending attack test would need to be initiated.
Adam, a macro researcher at Greeks.live, published a community briefing in Chinese, pointing out that the group shows a clear bullish sentiment towards the market direction, with traders generally focusing on the potential impact of tonight's CPI data on the market. Most members believe Ethereum is performing strongly, with the key price level of $4,300 becoming an important support, and they expect it may break historical highs to reach the $4,900-$5,000 range.
Visa Crypto Head: Stablecoins Could Significantly Expand the Company's Addressable Market
Cuy Sheffield, Visa's crypto head, stated that stablecoins are expected to significantly expand Visa's addressable market, with potential market opportunities reaching up to $2 trillion.
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