- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: 3.34%
- ETH: 2.2%
- SOL: 3.64%
- DOGE: 3.46%
- BNB: 1.16%
- PEPE: -0.16%
- ADA: 10.78%
- SUI: 3.12%
- XRP: 1.25%
- UNI: 3.79%
24-Hour Price Increase Ranking (Data Source: OKX):
- OKB: 17.62%
- SKL: 14.83%
- RAY: 9.1%
- ARKM: 8.07%
- ADA: 7.01%
- VRA: 6.25%
- BERA: 4.77%
- STK: 4.38%
- BONK: 3.84%
- EIGEN: 3.62%
- Top 5 On-Chain Meme Coins (Data Source: GMGN):
- ORANGE
- RAY
- Fartco
- DREAM
- 24-Hour Trending Cryptocurrencies
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Headlines
Federal Reserve's Goolsbee: The Federal Reserve will release some important data before the September meeting, but that does not mean I cannot make a decision at that time. Given the tariffs on semiconductors and the new tariff announcements, the anxiety over tariffs is seen as a one-time inflation shock. So far, we have experienced several months of moderate inflation; the latest CPI data shows that inflation in the service sector is concerning. It will take months of favorable inflation data to gain the comfort needed for rate cuts.
Bullish raises $1.1 billion through IPO, oversubscribed more than 20 times
Digital asset trading platform Bullish has raised $1.1 billion through its initial public offering, with a price of $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed more than 20 times, with a market capitalization of $5.4 billion. BlackRock and ARK Investment Management intend to collectively subscribe for $200 million worth of shares. Bullish is led by former NYSE president Tom Farley as CEO, primarily serving institutional clients, with the largest shareholder being Block.one CEO Brendan Blumer (holding 30.1%). The company will be listed on the NYSE under the ticker BLSH.
7 Siblings sells nearly 20,000 ETH, still holds about 280,000 ETH worth approximately $1.3 billion
According to on-chain analyst Yu Jin's monitoring, 7 Siblings bought 100,000 ETH at about $2,270 during the significant drop on August 5 last year, and today has sold nearly 20,000 ETH for approximately $90.44 million USDC, with an average price of about $4,532. The entity still holds about 280,000 ETH, worth approximately $1.3 billion. During the previous two major drops, 7 Siblings bought the dip, including purchasing 25,000 ETH at about $1,700 on April 7 this year.
H 100 Group increases its Bitcoin holdings by 45.8 BTC, total holdings reach 809.1 BTC
According to an official announcement, Swedish company H 100 Group announced the purchase of an additional 45.8 BTC, with an average purchase price of 1,136,949 Swedish Krona, bringing its total holdings to 809.1 BTC.
Industry News
DeFi Education Fund establishes "DeFi Education Foundation" to promote crypto policy education
The decentralized finance lobbying organization DeFi Education Fund (DEF) announced the establishment of the "DeFi Education Foundation," aimed at providing U.S. lawmakers with education on crypto policy and law, and offering tax-deductible charitable donation channels for donors. The organization is advocating for the Senate to approach DeFi cautiously in crypto regulatory legislation and is calling for the SEC to establish a "safe harbor" mechanism for specific blockchain applications.
Sharplink Gaming's LSETH holdings have gained $323 million
NASDAQ-listed Ethereum treasury company Sharplink Gaming's LSETH holdings have gained $323 million, with LSETH being the liquid staking token of Liquid Collective, providing ETH staking services for institutions.
Standard Chartered stated that stablecoins currently account for 40% of all blockchain transaction fees, with Ethereum accounting for more than half of all stablecoins. It is expected that the stablecoin industry will grow approximately eightfold by the end of 2028.
Justin Sun withdraws 200 million USDC from Binance, mints 160 million USDS and transfers to Spark
According to on-chain analyst Ai Yi's monitoring, Justin Sun began withdrawing 200 million USDC from Binance yesterday, then minted 160 million USDS and transferred it to Spark. One of his addresses supports 6.4% of Spark's deposit TVL, and in less than two days, he has earned rewards worth $24,000 in SPK.
Project News
MetaMask to collaborate with Bridge and BlackRock to announce its stablecoin mUSD this week
Sources say that MetaMask may announce the launch of its stablecoin mUSD this week and provide more details. Insiders indicate that mUSD has been in preparation and will become an official asset by the end of this month.
It is reported that MetaMask will closely collaborate with Bridge, a subsidiary of Stripe, and is also seeking assistance from traditional financial asset management company BlackRock to help provide custody and asset management services for the token.
Gavin Wood to return as CEO of Parity
According to official news from Parity Technologies, co-founder Gavin Wood announced that he will return to the CEO position in late August, succeeding the departing Björn Wagner. Gavin Wood stepped down as CEO in 2022 to focus on protocol development and stated that the foundational architecture is now complete, and the market conditions are right for him to return as CEO to accelerate the next phase of growth. Björn led the team to continue delivering and expanding into new areas during his three-year tenure, laying a solid foundation for Parity. The official statement said that the team's and project's daily operations will remain unchanged, and a strategic upgrade will be welcomed in the future.
Reveel announces REVA token economics: total supply of 1 billion, 37% allocated to the community
Reveel announced the token economics for REVA, with a total supply of 1 billion REVA tokens, of which 37% is allocated to the community, 25% to investors, 22% to the company fund, and 16% to the team and advisors. The initial circulating supply is approximately 150 million tokens, adopting a fixed supply model and planning to support buybacks through dynamic revenue to achieve deflation. The buyback mechanism stipulates that initially, 75% of net income will be used for market buybacks, decreasing by 5% each cycle, but the absolute amount must continue to increase, with a minimum buyback ratio of 25%. According to previous news, Binance Wallet will launch the Reveel (REVA) pre-release and airdrop event on August 14.
OKB burn and upgrade schedule: burn on August 15, upgrade smart contract on August 18
According to an official announcement from OKX, the specific schedule for the completion of the PP upgrade and the launch of the OKB Gas Token economic model optimization for this X Layer (Beijing time) is as follows:
August 13, 2:10 PM: OKT stops trading on the OKX platform, while OKTChain will continue to produce blocks and process on-chain transactions normally;
August 13, 3:00 PM: The OKX platform will stop allowing OKB withdrawals to ETH L1;
August 15, 10:00 AM: The platform will automatically convert users' OKT in their accounts to OKB according to the rules;
August 15, 2:00 PM: A one-time burn of OKB will occur, and the smart contract will be called for on-chain destruction;
August 18, 2:00 PM: Upgrade the OKB Smart Contract, removing the functions of issuance and destruction.
Regulatory Trends
According to foreign media analysis, there is increasing pressure within the Bank of Japan to abandon a vaguely defined inflation indicator. Previously, Bank of Japan Governor Kazuo Ueda stated that "underlying inflation" (which mainly focuses on the strength of domestic demand and wages) remains below the central bank's 2% target, providing justification for a gradual interest rate hike. The issue is that there is no single indicator to measure "underlying inflation," making it a target for critics. Critics argue that both overall inflation and core inflation indicators have exceeded the target for years, but the Bank of Japan overly relies on a vague indicator to guide monetary policy.
Investment and Financing
Game Studio Neon Machine Completes $19.5 Million Financing, Led by Gala Games
Seattle-based game studio Neon Machine announced the completion of $19.5 million in financing, with the latest round led by Gala Games, and participation from Griffin Gaming Partners and Polychain Capital. The funds will be used to support the global launch of its award-winning FPS game Shrapnel and plans for the Chinese market, which will begin closed testing in 2025 and open testing in early 2026.
Block Announces Plan to Raise $1.5 Billion Through Stock Offering
Block, a Bitcoin financial company listed on the New York Stock Exchange and founded by Twitter co-founder Jack Dorsey, announced plans to issue preferred notes to qualified institutional buyers to raise $1.5 billion. The funds are reportedly intended for corporate operations, including debt repayment, potential acquisitions, and strategic transactions.
Voices from the Industry
Trader Eugene: Significantly Reduced ETH Holdings, Shifted to Conservative Risk-Averse Mode
Trader Eugene stated that he has significantly reduced his risk exposure and sold off most of his ETH holdings due to multiple warning signals, believing that the risk-reward ratio of continuing to aggressively go long is no longer attractive. He mentioned that the strategy of building a position in ETH at $2,500 has achieved two upward targets ($2,500 to $4,000, and $4,000 to $4,800), and any potential third upward movement would depend on continued large-scale buying from traditional finance. Although he still tactically holds some small-cap tokens, he has shifted to a conservative risk-averse mode.
Mizuho Securities: Slowing Growth of USDC May Pose Mid-Term Risks for Circle
Mizuho Securities pointed out in its latest research report that Circle is facing three mid-term risks: slower-than-expected growth of USDC, rising distribution costs, and the possibility of the Federal Reserve cutting interest rates. Although the latest quarterly report shows that the circulation of USDC increased by 90% year-on-year to $61.3 billion, and quarterly revenue grew by 53% year-on-year to $658 million, its distribution costs as a percentage of the reserve pool have risen from 39% in 2022 to 64%.
Greeks.live macro researcher Adam released a briefing for the Chinese community, indicating that the group is significantly bullish on Ethereum's breakout, with most traders expecting $5,000 to be the next key resistance level. Bitcoin's performance has been relatively weak, and market funds are clearly rotating towards Ethereum, creating a distinct pattern of capital differentiation.
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