- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes and 24-Hour Price Changes:
- BTC: 0.12%
- ETH: 1.16%
- SOL: 1.03%
- DOGE: 1.33%
- BNB: 1.30%
- PEPE: 0.64%
- ADA: 5.17%
- BIO: 31.55%
- POND: 18.71%
- QI: 0.14%
24-Hour Price Increase Rankings (Data Source: OKX):
- BIO: 23.86%
- RUNECOIN: 17.72%
- MEMEFI: 17.55%
- J: 6.34%
- ERN: 6.17%
- SKL: 4.96%
- SLP: 4.39%
- ARG: 1.73%
- POR: 1.58%
- ASP: 1.05%
- Top 5 On-Chain Meme Coins (Data Source: GMGN):
- FORK
- CURIO
- GROK
- reterd
- SPARK
- 24-Hour Trending Cryptocurrencies
CURIO (CURIO AI) is a meme coin on the Solana chain, designed as a companion for CURIO AI children. It actually consists of three plush toys, Grem, Gabbo, and Grok, designed and voiced by @Grimezsz, aimed at helping children reduce their screen time.
Headlines
Japan to Approve First Yen-Denominated Stablecoin JPYC
According to Nikkei News, Japan's Financial Services Agency will approve the country's first yen-denominated stablecoin, JPYC, this month. The agency will register the fintech company JPYC Inc. as a remittance business, and sales are expected to begin within weeks of registration. The digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.
Faraday Future, Led by Jia Yueting, Launches C10 Treasury Plan and Releases "C10 Index"
According to official news, Faraday Future (FF), led by Jia Yueting, has launched the "EAI+Crypto" dual-flywheel & dual-bridge ecological strategy, introducing the first basket index plan of the top ten crypto assets in the U.S. stock market, the C10 Treasury, and releasing the "C10 Index."
The C10 Treasury will adopt an "80% passive + 20% active" portfolio configuration, providing potential sustainable returns to fund product innovation, potential stock buybacks, and further asset growth. Special financing will be used exclusively to purchase crypto assets. The first phase of the strategy includes an asset procurement plan of up to $500 million, with the first allocation of $30 million expected to enter the implementation phase as early as next week; subsequent phases aim to accelerate asset growth to reach hundreds of billions of dollars.
The C10 Treasury plan aims to accumulate and compound the top ten global crypto assets (excluding stablecoins), with the goal of becoming the primary treasury for the C10 asset portfolio. Additionally, FF announced the first four products of the Crypto flywheel: C10 Index (www.c10index.com), C10 Treasury, Crypto+EAI ecological applications, and the future C10 ETF.
It is reported that FF is applying to register its wholly-owned subsidiary FFAI Crypto Treasury and Bridging Holdings Inc., which will specialize in crypto business; it is also exploring the possibility of launching ETF products in the future.
The EAI EV business and Crypto business are two independent entities under the publicly listed company FFAI, with core principles of: legal independence, operational independence, account independence, asset transparency, and future governance independence. Crypto assets are held in third-party custody, completely isolated from the automotive business in legal and capital terms; holdings are publicly transparent and verifiable on-chain.
Additionally, California State Treasurer Fiona Ma expressed her support and endorsement of FF's new strategy through a video speech.
The recent popularity of overseas RWA issuance has risen, but the quality of underlying assets varies, and the trading structure and pricing are also questionable. Industry insiders point out that the Hong Kong Monetary Authority tends to support RWA projects in new energy and trade financing, while not supporting real estate projects. Current investors are mainly local private equity funds, family offices, and wealth management institutions in Hong Kong, with limited participation from international capital, making it easier for Chinese investors to understand the relevant structures. Observers also note that some RWA projects have limited fundraising scales, but due to fast issuance processes and low thresholds, companies hope to create hype through "coin-stock linkage," although the equity sharing mechanism has not fully considered asset costs, posing risks that contradict economic logic.
Bitwise Senior Investment Strategist Juan Leon stated that the number of ETH about to be unstaked continues to rise, with the Ethereum blockchain's validator exit queue reaching 855,158 ETH on Friday, a record high. This may be a reason for the recent pullback of the asset, as the unstaked Ethereum queue typically exerts negative pressure on ETH prices, which may lead to significant market sell pressure.
Since staking tokens like stETH can trade at a discount, the discount reduces the collateral value, triggering risk reduction, hedging, or even liquidation, ultimately leading to ETH spot sell-offs. Leveraged "stETH cycle" trading through DeFi protocol liquidity pools will no longer be profitable, and traders will create synchronized sell pressure by closing positions and selling ETH to repay loans.
Industry News
According to reports from the Xiong'an release public account, under the guidance and support of the People's Bank of China Xiong'an New Area branch, the Hebei Xiong'an branch of the Industrial and Commercial Bank of China successfully completed the first multilateral central bank digital currency bridge business for the first batch of state-owned enterprise financial companies.
Thailand to Launch Cryptocurrency Exchange Program to Facilitate Payments for Foreign Tourists
Thailand will launch the "TouristDigiPay" program next Monday, allowing foreign tourists to exchange cryptocurrencies for Thai baht for consumption, aimed at boosting the tourism industry. The program will be announced at a press conference hosted by Thailand's Deputy Prime Minister and Finance Minister Pichai Chunhavajira, with officials from the Ministry of Finance, Securities and Exchange Commission, Anti-Money Laundering Office, and Ministry of Tourism and Sports in attendance. Previously, the Thai SEC had sought public opinion on using digital assets to promote economic and tourism development, with feedback due by August 13.
Solana Achieves Maximum TPS of 107,664 in a Single Block, Setting a New Record
The Solana network achieved a maximum processing speed of 107,664 transactions per second (TPS) in a single block, setting a new historical throughput record for the network.
Metaplanet Purchased 90% of Its BTC Assets in the Last 6 Months
Of the BTC assets held by Metaplanet, 90% were purchased in the last six months.
Project News
The LayerZero Foundation's proposal to acquire Stargate has started voting, with the current support rate at 97.07%. Voting will end on August 24.
USDD 2.0 Eighth Phase Market Supply Mining Activity Now Live on JustLendDAO
According to the official announcement, JustLendDAO has officially launched the USDD 2.0 eighth phase market supply mining activity, which will run from August 16, 2025, at 20:00 (Singapore time) to September 13. This activity adopts a tiered interest rate reward mechanism, allowing users to participate in liquidity mining by depositing USDD, with a maximum annual yield of 6%, and rewards will be distributed weekly. JustLendDAO, as a leading DeFi protocol in the TRON ecosystem, will continue to provide users with safe and efficient yield opportunities.
Sky Co-Founder RuneKek Repurchased 16.38 Million SKY Using 1.77 Million ENA
RuneKek, co-founder of Sky (formerly MakerDAO), repurchased 16.38 million SKY in the past 40 minutes using 1.77 million ENA (worth $1.29 million) obtained from investments.
RuneKek received 1.77 million ENA (worth $1.29 million) from the Ethena belonging contract 40 minutes ago and then transferred it to the address used for repurchasing SKY.
Since early June, RuneKek has used $10.21 million in funds to repurchase 122 million SKY through staking rewards (USDS and SPK) and today's ENA, with an average price of $0.0836.
Ave.ai Fully Supports X Layer, Users Capture Hundredfold Profit Opportunities
On-chain aggregation trading platform Ave.ai announced a significant functional upgrade and ecological integration for its supported Layer 2 network, X Layer, providing powerful tools for users to seize high-heat opportunities on the chain.
Currently, Ave.ai has fully supported on-chain data queries for X Layer across all its terminals (Web, iOS, Android), allowing users to seamlessly track X Layer ecological asset prices, liquidity, and market dynamics anytime and anywhere.
Users on the Ave.ai desktop (PC) and Android mobile platforms can now directly conduct internal and external trading of X Layer on-chain assets within the platform, achieving efficient, low-slippage trading.
In addition, users can also perform instant buy and sell operations for X Layer tokens through Ave.ai's official Telegram trading bot @AveSniperBot. The Ave TG token query bot @AveTokenFinderCNBot has also added support for X Layer, allowing users to input "ca" to query detailed information such as token name and market capitalization.
It is reported that the Ave.ai user community has demonstrated exceptional early project discovery capabilities. Users in the Ave community early on seized the xdog project. In light of the current high market heat and growth potential of X Layer, Ave.ai stated that it will continue to invest and continuously optimize and expand its functional integration and user experience on the chain, helping users participate more efficiently.
Regulatory Trends
The U.S. Treasury is seeking public feedback on how to use digital identity tools and other emerging technologies to combat illegal financing in the cryptocurrency market, one proposal being to embed identity verification into DeFi smart contracts. According to the Treasury, digital identity solutions (which may include government IDs, biometric technology, or portable credentials) can reduce compliance costs while enhancing privacy protection. They could also make it easier for financial institutions and DeFi services to detect money laundering, terrorism financing, or sanction evasion before transactions occur. One idea proposed in the consultation draft is that DeFi protocols could directly integrate digital identity credentials into their code. In this model, smart contracts could automatically verify users' credentials before executing transactions, effectively building KYC and anti-money laundering (AML) safeguards into the blockchain infrastructure. This consultation report released this week stems from the newly enacted GENIUS Act, which was signed into law in July.
Investment and Financing
DeFi smart agent platform Almanak announced the completion of $8.45 million in financing, with investors including Delphi Labs, HashKey Capital, BanklessVC, NEAR Foundation, RockawayX, Matrix Partners, AppWorks, Sparkle VC, and Shima Capital. It is reported that Almanak is developing an AI-assisted decision-making framework for analyzing market patterns and managing risks to create and deploy automated financial strategies.
Voices from Industry Leaders
In a discussion about "the biggest issues in current DeFi," a user pointed out that the lack of tokens with sustainable income and demand, insufficient privacy, and the absence of unsecured lending are major challenges. In response, Solana founder Toly commented that privacy is not a core factor for product-market fit (PMF) and is insufficient to significantly change user behavior.
Ondo Executive: Tokenization Has the Infrastructure Needed for Success
Ian De Bode, Chief Strategy Officer of Ondo Finance, stated in The Rollup Co. program that the current market is ready for tokenization. He pointed out that unlike in the past, on-chain adoption rates are continuously increasing, stablecoin liquidity is abundant, and the DeFi ecosystem already exists, providing the necessary infrastructure support for the implementation and development of tokenization.
BTCS CEO: Public Company Disclosure Rhythm Differs from Crypto Market
Charles Allen, CEO of Ethereum treasury company BTCS, stated that the crypto market emphasizes real-time transparency, while public companies follow a quarterly disclosure rhythm, with significant events needing to be disclosed within four days. Current rules allow companies to disclose more frequently when not involving audited GAAP metrics, but the board also has a fiduciary duty to protect shareholder interests, and excessive transparency may not align with shareholders' best interests. He described that "showing all your cards on the table is not the way to success."
Metaplanet CEO: The Goal to Increase Bitcoin Holdings to 30,000 This Year Remains Unchanged
Simon Gerovich, CEO of Metaplanet, stated on the X platform that the goal to increase Bitcoin holdings to 30,000 this year remains unchanged (current holdings are 18,113 BTC), and that the company aims to hold 1% of all Bitcoin by 2027, currently guiding daily execution and long-term goals along a clear roadmap. Metaplanet is fully transparent, providing proof of reserves, and performance dashboard data is open to everyone, with trust built on verification. Metaplanet is also working with Strategy and other companies to incentivize hundreds of companies worldwide to include Bitcoin in their balance sheets, driving growth and adoption. The recent market downturn is normal, and what can truly instill confidence in the market is the continuous strengthening of fundamentals.
Galaxy Digital: Rapid Accumulation of Leverage in the Crypto Market Increases Systemic Pressure
Galaxy Research pointed out in its latest report that the scale of loans in the crypto market grew by 27% quarter-on-quarter in Q2, reaching $53.1 billion, a new high since early 2022, mainly driven by increased DeFi lending demand and a rebound in risk appetite. Recently, Bitcoin fell from $124,000 to $118,000, triggering over $1 billion in long liquidations, the largest scale since August. Analysts believe this is more like a profit-taking, but it also highlights the market vulnerability brought by rapid leverage accumulation.
Galaxy analysts stated that pressure points are gradually becoming apparent. In July, Aave experienced large withdrawals, pushing ETH lending rates above staking yields, breaking the "circular arbitrage" logic, and leading to a record 13-day exit queue for the Ethereum beacon chain. Meanwhile, the off-chain USDC borrowing costs have been rising since July, while on-chain rates remain stable, with the spread between the two expanding to the highest level since the end of 2024, indicating that off-chain dollar demand exceeds on-chain liquidity. Galaxy warns that under the backdrop of soaring loan scales, concentrated borrowing, and tightening liquidity, systemic pressure is increasing, and the recent $1 billion liquidation event serves as a reminder that leverage risks have a two-way effect.
The ETF Store President: Treasury Company Stocks Should Be Viewed as Derivatives of BTC and ETH
Nate Geraci, President of The ETF Store, stated that so-called "treasury companies" are essentially companies that buy BTC and ETH, and their stocks should be modeled as derivatives of Bitcoin and Ethereum, accompanied by additional special risks. He expressed surprise at the controversy this view has sparked within the industry.
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