1. Popular CEX currencies

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

• BTC: +0.33%
• ETH: +3.31%
• XRP: +2.31%
• SOL: +5.35%
• LTC: +13.28%
• BNB: +1.23%
• DOGE: +3.10%
• SUI: +3.19%
• ADA: +1.84%
• ENA: -3.91%

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

• ILV: +16.20%
• NC: +7.52%
• LOOKS: +7.48%
• ZBCN: +4.75%
• POLYDOGE: +4.05%
• BABY: +2.96%
• RACA: +2.78%
• ICE: +2.46%
• PUMP: +1.62%
• GODS: +1.21%

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

• POPEPE
• moonpepe
• SPARK
• BIGBALLS
• TIKTOK

Headlines

Trump: Fed chair candidates down to four

US President Trump: The number of candidates for Federal Reserve Chairman has been reduced to four: two Kevins (Kevin Warsh and Kevin Hassett) and two others. In addition, Trump said : The candidates for Federal Reserve Board members will be announced before the end of this week.

The probability of the Federal Reserve cutting interest rates in September is 92.4%.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 7.6%, and the probability of a 25 basis point rate cut is 92.4%. The probability of the Fed keeping interest rates unchanged in October is 2.7%, the probability of a cumulative 25 basis point rate cut is 38%, and the probability of a cumulative 50 basis point rate cut is 59.2%.

US SEC: "Liquidity Pledge Activities" Related to Agreement Pledges Do Not Involve the Issuance and Sale of Securities

The U.S. Securities and Exchange Commission (SEC) released a statement on certain liquid staking activities, stating that "liquidity staking activities" related to protocol staking do not involve the issuance and sale of securities unless the deposited covered crypto assets are part of or subject to an investment contract. Participants in liquid staking activities are not required to register transactions with the SEC under the Securities Act or to qualify for registration exemptions under the Securities Act for these liquid staking activities.

Industry News

Data: Corporate crypto asset reserves exceed $100 billion

As a large number of companies flock to the cryptocurrency market, Galaxy Research's latest report shows that Digital Asset Reserve Corporation's current Bitcoin holdings have reached US$93 billion, accounting for nearly 4% of the total circulation; Ethereum holdings are US$4.1 billion, accounting for 1%; 10 emerging cryptocurrencies such as SOL, XRP, and BNB have been added to the balance sheet; among them, Strategy Company ranks first with US$71.8 billion in Bitcoin holdings.

In July, the market demand for ETH reached about 3 million, half of which came from the Ethereum Reserve Company.

According to Trader T, the market demand for Ethereum reached 3 million in July:

50% from ETFs (78% from BlackRock);

50% from Ethereum Reserve (41% from Bitmine and 16% from SharpLink)

Michigan Pension Fund Increases Ark Bitcoin ETF Holdings in Q2, Valued at $10.7 Million

According to a document disclosed by the U.S. Securities and Exchange Commission (SEC), the Michigan Pension Fund held 300,000 shares of the Ark Bitcoin Exchange-Traded Fund The ARK 21 Shares Bitcoin ETF (ARKB) as of June 30 (holding value is approximately US$10.7 million). This holding increased from the 100,000 shares reported on March 31.

Galaxy plans to issue tokenized stock GLXY

According to market news: Galaxy plans to issue tokenized shares GLXY and has signed an RWA platform agreement with Robert Leshner's Superstate.

Biopharmaceutical Company Silo Pharma Launches Cryptocurrency Fund Management Strategy

Biopharmaceutical company Silo Pharma (NASDAQ: SILO) today announced the launch of a cryptocurrency treasury management strategy and the appointment of crypto infrastructure expert Corwin Yu as the first member of its cryptocurrency advisory board. The strategy will focus on mainstream digital assets such as Bitcoin, Ethereum, and SOL.

Hong Kong triad leader "Xi B" was arrested on suspicion of laundering HK$40 billion, part of which was used to purchase virtual assets

Recently, the Hong Kong police launched a large-scale anti-gang operation code-named "Ambush Arrow", raiding many locations across Hong Kong, dismantling a criminal network suspected of being involved in the circulation of nearly HK$40 billion in black money, and arresting 82 suspected triad members and related persons, including a 44-year-old gang leader. According to reports from "Hong Kong 01" and other Hong Kong media, this person is Chen Xiaolian, the current leader of the Sun Yee On, nicknamed "Little B". Among those arrested are also "Little B's" parents, cousins, aunts and other relatives.

During the operation, the police froze HK$1.13 billion and seized assets worth more than HK$15 million, including HK$8.26 million in cash, about 1,100 bottles of high-end wines, expensive watches, handbags, gold bars and a large number of bank documents, with a total value of more than HK$7 million.

The police investigation revealed that the trust company maintained several different bank accounts. Large amounts of funds of unknown origin were transferred into the trust company's bank accounts through various shell companies. The funds were then quickly transferred to multiple personal accounts. Some of the funds were used to purchase virtual assets or to pay off the personal credit card bills of the trust company's directors, including luxury goods such as designer handbags, watches, and jewelry.

Project News

Sidekick announces the launch of its K token

Live streaming platform Sidekick announced the establishment of the Sidekick Foundation and the launch of the token K to support the "LiveFi" model and the development of the content creator ecosystem.

K is the native utility and governance token of the Sidekick platform, used for rewards, subscriptions, unlocking exclusive content, participating in governance, etc., to build an on-chain live broadcast economic model with "attention as an asset" as its core concept.

The total supply of K is 1 billion, with an initial circulating supply of 111 million (11.13% of the total supply). Token distribution includes: ecosystem growth (20%), long-term community incentives (20%), liquidity incentives (4%), foundation (16%), advisors (5%), core contributors (15%), and investors (20%). Investor, advisor, and core contributor shares will be locked up for 12 months, followed by a linear vesting period of 24 months.

Coinbase Developer Platform Launches "Embedded Wallet" Service

Coinbase has officially launched "Embedded Wallets," a product on its developer platform that allows developers to integrate self-hosted wallets into their applications with minimal code. The service supports features such as fiat deposits and crypto-asset swaps. Users can log in via email, SMS, or OAuth, and the wallets are self-hosted.

BounceBit: BB Token Buyback Program Backed by Over $10 Million in Protocol Revenue

BounceBit has partnered with Wall Street asset management giant Franklin Templeton to launch a new product, BB Prime, and a token buyback program. The product integrates Franklin Templeton's tokenized money market fund to create a CeDeFi structured product that combines basis arbitrage with Treasury bond yields. The newly announced BB token buyback program, backed by over $10 million in protocol revenue, aims to strengthen the long-term value of the token.

SOL Strategies: 396,717 SOL as of the end of July

SOL Strategies, a listed company, released its July performance update report, which disclosed that as of July 31, it held 396,717 SOL (worth approximately 91.4 million Canadian dollars), JitoSOL pledged holdings reached 26,440 JTOs (worth approximately 7.4 million US dollars), and the combined SOL holdings reached 428,995 (worth approximately 98.8 million Canadian dollars).

Investment and Financing

CEA Industries Completes $500 Million Private Placement and Will Be Renamed "BNB Network Company"

Nasdaq-listed CEA Industries announced it has raised $500 million in private funding and will change its name to "BNB Network Company," with its stock ticker changing to "BNC" on August 6th. YZi Labs led the investment, with participation from over 140 institutions, including Pantera Capital and Blockchain.com. The company also appointed David Namdar, former co-founder of Galaxy Digital, as CEO and Russell Read, former Chief Investment Officer of the California Public Employees' Retirement System (CalPERS), as Chief Investment Officer. The company reportedly plans to use the proceeds to purchase BNB as its primary reserve asset.

Regulatory trends

Brazil to hold hearing to discuss Bitcoin strategic reserve

Brazil plans to hold a public hearing on August 20, 2025, to discuss the establishment of a strategic Bitcoin reserve.

Character Voice

Bitwise CIO: SEC Chairman's "Project Crypto" Speech Reveals Three Major Investment Opportunities

Matt Hougan, Chief Investment Officer at Bitwise, described U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins' recent "Project Crypto" speech as a "five-year investment roadmap." Hougan noted that the speech highlighted three key investment opportunities: Ethereum and other Layer 1 blockchains, super apps like Coinbase, and DeFi protocols. He added that the market has yet to fully price in these potential opportunities.

Trump says JPMorgan Chase and Bank of America discriminated against him

JPMorgan Chase (JPM.N) and Bank of America (BAC.N) saw their gains narrow in pre-market trading. Trump accused Bank of America and JPMorgan Chase of discriminating against him.