1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

• BTC: +1.44%
• ETH: +3.67%
• XRP: +7.49%
• SOL: +2.38%
• BNB: +2.11%
• DOGE: +3.69%
• ENA: +16.18%
• SUI: +3.35%
• ADA: +4.22%
• TRX: +1.33%

24-hour price increase list (data source: OKX):

• MAGIC: +44.67%
• ILV: +40.78%
• SPK: +22.19%
• PARTI: +19.49%
• FLUID: +13.74%
• GAS: +11.86%
• ATH: +9.65%
• LTC: +9.09%
• CAT: +8.41%
• GMX: +7.90%

2. Top 5 popular memes on the chain (data source: GMGN ):

• PPSOL
• PORNHUB
• BUNCHIE
• Pepega
• BONKI

Headlines

Wall Street Journal: White House prepares executive order to punish banks that discriminate against crypto companies

The White House is preparing to increase pressure on major banks, threatening to fine lenders if they terminate customers for political reasons, in response to allegations of discrimination against conservatives and cryptocurrency companies. The draft executive order, seen by the media, directs bank regulators to investigate whether any financial institution may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.

US SEC issues interim stablecoin accounting guidance

The U.S. Securities and Exchange Commission (SEC) is building on its preliminary cryptocurrency accounting rules, issuing new staff guidance that suggests certain stablecoins can be treated like cash.

The interim guidance comes as the SEC develops its own rules for crypto-securities. Under Chairman Paul Atkins, the commission has begun rolling back some of its more restrictive policies, including accounting guidelines that were previously seen as a barrier for traditional lenders entering the crypto market.

Under the latest guidance, holdings of certain dollar-pegged stablecoins can be classified as cash equivalents if they have a guaranteed right of redemption and their value is anchored to another asset class.

Crypto trading platform Bullish plans to raise $629 million in IPO

Bullish, a cryptocurrency exchange owned by Block.one, the parent company of EOS (now Vaulta), has filed documents with the U.S. Securities and Exchange Commission (SEC) to raise up to $629 million through an initial public offering (IPO). The company operates a digital asset trading platform and owns the well-known cryptocurrency media outlet CoinDesk.

Industry News

British man gives up on trying to recover hard drive containing 8,000 Bitcoins lost in landfill 12 years ago

James Howells, an IT engineer from Newport, UK, has given up his 12-year search after failing to recover a hard drive containing 8,000 Bitcoins (now worth approximately $920 million) that he believed was buried in a municipal landfill in south Wales.

Goldman Sachs: The Federal Reserve is expected to cut interest rates by 25 basis points three times in a row starting in September

Goldman Sachs said, "We expect the Fed to cut interest rates by three consecutive 25 basis points starting in September; a 50 basis point cut is possible if unemployment rises further in the next report."

SharpLink Gaming increased its holdings by 18,680 ETH, bringing its total holdings to 498,884 ETH

According to Onchain Lens, SharpLink Gaming has increased its holdings by another 18,680 Ethereum, valued at approximately $66.63 million. This increase brings the company's total Ethereum reserves to 498,884, valued at approximately $1.8 billion.

Nasdaq-listed company Jeffs' Brands plans to raise $75 million to launch its crypto treasury strategy

Nasdaq-listed company Jeffs' Brands announced plans to implement an AI-driven cryptocurrency fund management strategy program that will focus on optimizing returns on five major cryptocurrencies, including Bitcoin and stablecoins. It is expected to raise up to US$75 million and will be managed by Quantum Crypto Assets Treasury Management.

Project News

Solana Mobile's second phone, the Seeker, has begun shipping, but its native token, SKR, has not yet been issued.

Solana Mobile officially announced that its second mobile phone, Seeker, started shipping on August 4, 2025.

At the same time, the Solana Mobile ecosystem will introduce the native token SKR to incentivize developers and users to participate in the construction of the mobile Web 3 ecosystem, but the SKR token has not yet been officially issued.

Hyperliquid's July trading volume hits record high, approaching $320 billion

Hyperliquid achieved an all-time high monthly trading volume in July, reaching nearly $320 billion. This represents a 47% increase from $216 billion in June and a 28% increase from the previous all-time monthly high of $248 billion set in May. Throughout July, Hyperliquid maintained over 75% market share in the perpetual futures DEX space. Furthermore, the Hyperliquid/Binance ratio, which measures the proportion of Hyperliquid's perpetual futures trading volume to Binance's, also reached a new high of 11.89% in July. For reference, Binance's perpetual futures trading volume in July was approximately $2.59 trillion, a 35% increase from the previous month. Meanwhile, Drift, the perpetual futures decentralized exchange on the Solana blockchain, saw its trading volume increase by 336% month-over-month to over $14.8 billion in July.

Phantom acquires Solsniper, the on-chain meme coin trading platform for Solana

Crypto wallet Phantom announced it has acquired Solsniper, an AI-powered meme coin trading platform on the Solana blockchain. Phantom stated, "Solsniper is built for precision and speed, helping traders monitor tokens, track wallets, and react instantly. Phantom is becoming more than just a wallet... As we expand our product line and accelerate our growth, we anticipate further strategic acquisitions. The Solsniper web platform will continue to operate as a standalone service, with additional features and improvements expected in the coming months."

Sky: Last week, 1.39 million USDS were used to repurchase 16.55 million SKY

Sky (formerly MakerDAO) announced that it had used 1.39 million USDS to repurchase 16.55 million SKY last week. The total amount of SKY repurchased has now reached 1.11 billion, accounting for approximately 3.28% of the total supply.

Investment and Financing

Social gaming platform STAN completes $8.5 million in financing, with participation from Google's AI Futures Fund

Social gaming platform STAN announced that it has completed US$8.5 million in financing. Google's AI Futures Fund, Aptos Labs, Bandai Namco 021 Fund, Square Enix, Nazara, King River Capital, General Catalyst, GFR Fund and others participated in the investment. As of now, the company's total financing amount has reached approximately US$15 million. The company monetizes through game victory rewards "Gems" and Creator Club commissions, and supports redemption of e-commerce coupons such as Amazon.

OpenMind Completes $20 Million in Funding, Led by Pantera Capital, to Build an Open Collaborative Network for Intelligent Machines

OpenMind, a Silicon Valley-based intelligent machine infrastructure company, announced that it has completed a $20 million financing round led by Pantera Capital, with participation from Ribbit, Sequoia Capital, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, Amber Group and other institutions as well as several well-known angel investors.

Founded by Stanford University Professor Jan Liphardt, OpenMind is dedicated to building a universal operating system and decentralized collaborative network for intelligent machines, enabling robots from diverse manufacturers and forms to securely trust each other, share information, and collaborate globally. Its core products include the OM1 operating system and the FABRIC collaboration protocol. The former empowers robots of all kinds with perception, adaptation, and action, while the latter provides cross-platform authentication and secure collaboration. Together, they create an open and secure "nervous system" for robots worldwide.

H 100 Group completes $2.2 million in financing to increase Bitcoin holdings

According to NLNico, H 100 Group announced the completion of a 21.2 million Swedish kronor (approximately $2.2 million) financing round, which will be used to increase its Bitcoin holdings. The group's primary business involves digital asset investment and management.

Regulatory trends

The US CFTC is exploring allowing some registered futures exchanges to trade spot cryptocurrencies.

The U.S. Commodity Futures Trading Commission (CFTC) is exploring how to allow some registered futures exchanges to list leveraged digital assets like Ethereum and Bitcoin. Acting Chairwoman Caroline Pham stated in a press release that "there is a clear and simple solution the CFTC can implement now," referencing a March opinion piece in which she suggested the agency could use its authority to exempt some companies from current rules limiting futures exchanges to listing only derivatives. The regulator is seeking public comment on the listing of spot crypto contracts on CFTC-registered futures exchanges by August 18th.

The CFTC's move indicates it will not wait for Congress to pass legislation granting it direct regulatory authority over non-securities cryptocurrencies. While the House of Representatives passed the Cryptocurrency Market Structure Act in July, it still awaits Senate deliberation. This announcement is the first step in the CFTC's cryptocurrency sprint initiative, launched last week, and follows the release of a key policy document from an interagency task force overseen by the White House, which outlines a whole-of-government approach to regulating digital assets.

Character Voice

CZ predicts a global cryptocurrency race is coming

In the interview, CZ predicted an imminent global race for Bitcoin and cryptocurrencies, warning that countries that delay adoption will be forced to buy in at higher prices.

Fed's Daly: The time for rate cuts is approaching, and the number of rate cuts this year is more likely to be more than two

San Francisco Fed President Mary Daly said that given the growing evidence that the job market is weakening and the lack of signs of persistent tariff inflation, the time for a rate cut is approaching. "I'm willing to wait another cycle, but I can't wait forever," Daly said of the Fed's decision last week. While that doesn't mean a September rate cut is a foregone conclusion, she said: "I would tend to think that every meeting going forward is an immediate meeting to think about policy adjustments." Daly said that two 25 basis point rate cuts this year still look like an appropriate readjustment, and what matters is whether rate cuts are made in both September and December, not whether rate cuts occur at all. "If inflation picks up and spreads, or if the labor market picks up, there could certainly be fewer than two rate cuts, but it's more likely that more than two rate cuts will have to be made," Daly said. "If the labor market appears to be entering a weak phase and we don't see the impact of inflation spillover, we should be prepared for more rate cuts."

Trump: Will select an outstanding successor for the U.S. Department of Labor

U.S. President Trump posted on social media: "Last week's jobs report was manipulated, just like the data before the Presidential election was manipulated. That is why in both cases, there were massive, record revisions to favor the Radical Left Democrats. These major adjustments were intended to cover up and smooth out the false political data that was fabricated to make the Republican Party's huge success look less dazzling! I will pick an excellent replacement."