1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: +1.69%
- ETH: +1.85%
- XRP: +0.35%
- SOL: +2.41%
- BNB: +2.16%
- PROVE: +264.40%
- DOGE: +2.46%
- LTC: -3.19%
- TRX: +0.91%
- SUI: +1.72%
24-hour price increase list (data source: OKX):
- MEMEFI: +184.05%
- DAO: +22.08%
- GODS: +20.23%
- RPL: +15.32%
- AIDOGE: +11.50%
- PROMPT: +10.38%
- DYD: +10.12%
- ATH: +9.65%
- TURBO: +9.42%
- POL: +9.00%
2. Top 5 popular memes on the chain (data source: GMGN ):
- FLOWE
- DeepSeek
- Grok
- WATER
- TOM
3. 24-hour hot search currencies
JD.com, whose Meme coin is based on the concept of JD.com entering the stable currency payment market, currently has a market value of US$6.8 million and a 24-hour trading volume of US$12.4 million.
According to the memego website, BNC is a token that features a strong narrative associated with the Binance stock ticker. The community expects CZ to retweet its support, emphasizing the concept of "cryptosphere entering the stock market" and attracting investors with a Binance background.
Headlines
Standard Chartered Bank: Ethereum Treasury Company Investment Value Surpasses US Spot ETH ETF
Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that Ethereum treasury companies have acquired approximately 1.6% of circulating ETH since June, a pace comparable to that of ETH spot ETFs. Their market capitalization to net asset value (NAV) ratio has returned to normal and remains above 1, demonstrating their "high investment value." He noted that these companies' investment appeal surpasses that of US spot ETH ETFs due to their involvement in staking and DeFi operations. SharpLink Gaming (SBET) is a representative example of this sector. Kendrick predicts that ETH treasury companies could ultimately hold 10% of circulating ETH, a faster growth rate than Bitcoin treasury companies, reflecting the widespread institutional acceptance of ETH as a corporate reserve asset.
PancakeSwap Launches Perpetual Contracts for US Stocks
PancakeSwap has officially announced the launch of perpetual contracts for US stocks. Currently, perpetual contracts for AAPL, AMZN, and TSLA are available on PancakeSwap Perpetuals. The maximum leverage is 25x.
The total holdings of 64 Ethereum reserve strategy companies exceeded 3 million ETH
According to data from StrategicETHReserve, the total ETH holdings of 64 Ethereum reserve strategy firms with holdings of at least 100 ETH have surpassed 3 million ETH, currently reaching approximately 3.04 million ETH, valued at approximately $10.98 billion and representing approximately 2.51% of the total ETH supply. Nine institutions currently hold over 100,000 ETH, with the top three being Bitmine (833,100 ETH), SharpLink Gaming (521,900 ETH), and The Ether Machine (345,400 ETH).
Industry News
According to Etherscan data, the number of daily transactions on the Ethereum network rose to 1.87 million yesterday, approaching the historical high of 1.96 million set on January 14, 2024.
Nansen Senior Research Analyst Jake Kenni stated that the surge in trading was primarily driven by increases in stablecoins like USDC and Tether, as well as the decentralized exchange Uniswap. DappRadar Senior Analyst Sara Gherghelas noted that the passage of the GENIUS Act provided a legal framework for stablecoin operations in the United States, boosting market confidence.
Tornado Cash developer convicted of conspiracy to operate an unlicensed money transmitting business
A Manhattan jury convicted Tornado Cash developer Roman Storm of conspiracy to operate an unlicensed money transmitting business, but did not reach a verdict on charges of money laundering and sanctions violations.
Crypto organizations such as the DeFi Education Fund and the Blockchain Association expressed disappointment with the ruling, stating it sets a dangerous precedent for open-source software developers and calling on Storm to appeal. Samson Enzer, a partner at CahillNXT, stated that the ruling showed the government had failed to adequately prove Storm knew its actions would aid money laundering. Storm himself stated that he would continue to fight the charges.
Actelis Networks, a US-listed company, establishes a cryptocurrency reserve treasury
Actelis Networks, Inc., a US-listed company, announced the establishment of a cryptocurrency reserve treasury. The board of directors has authorized management to diversify the company's holdings by selectively investing in mature digital assets that meet specific criteria (including cryptocurrencies ranked in the top 100 by market capitalization, traded on major exchanges, and with a market capitalization of at least $500 million).
Nasdaq-listed company Cosmos Health announced that it has reached a securities purchase agreement of up to US$300 million with a US institutional investor to launch an ETH treasury strategy. The company will strategically accumulate ETH, and the assets will be managed and pledged through the institutional infrastructure provided by BitGo Trust Company.
Project News
Orca Council Proposal: Proposes to repurchase ORCA with up to 55,000 SOL and pledge it
The Orca Council has issued a governance proposal to use up to 55,000 SOL to repurchase ORCA and stake it on its validator nodes. ORCA token holders can submit a veto vote during the 5-day voting period and the 2-day cooling-off period.
The main contents of the proposal include:
Funding size: Approximately 55,000 SOL and 400,000 USDC in the treasury;
Implementation method: All SOL will be staked on the Orca validation node first, and then regularly withdrawn for ORCA repurchase; the program will be carried out on DEX or through market makers for 24 months, with a daily repurchase limit of 2% of ORCA's 30-day average trading volume;
Token processing: ORCA obtained from the repurchase will be deposited into the DAO multi-signature wallet and may be used for destruction, xORCA pool rewards or ecological funding;
Risk Management: If the ORCA price fluctuates by more than 15% within 24 hours, the repurchase program will be suspended.
Backed's xStocks tokenized US stock trading volume exceeds $2 billion
xStocks, a tokenized US stock product launched by Backed, a tokenized physical asset platform, has surpassed $2 billion in cumulative trading volume since its launch in May. According to Dune data, trading is primarily concentrated on centralized exchanges (CEXs), accounting for $1.94 billion. Tesla tokens are the most popular, with over 11,000 holders. Currently, xStocks has approximately 25,500 holders and manages $43.6 million in assets. Backed recently expanded trading support to BNB Chain, continuing its multi-chain strategy. Analysts believe that tokenized stocks are gradually opening up new opportunities for global markets and 24-hour trading.
Nasdaq-listed company TAO Synergies disclosed that it holds 42,111 TAO tokens.
Nasdaq-listed company TAO Synergies announced that it will accelerate the advancement of its decentralized AI financial strategy. As of August 5, the company has accumulated 42,111 Bittensor (TAO) tokens and will actively participate in the staking of the Bittensor (TAO) network.
Investment and Financing
Parataxis Holdings to Merge with SilverBox, Raise $640 Million to Establish Bitcoin Treasury Company
Crypto investment startup Parataxis Holdings announced that it will merge with special purpose acquisition company (SPAC) SilverBox Corp IV, aiming to raise up to $640 million to establish a Bitcoin treasury. Upon completion of the merger, the new company will be listed on the New York Stock Exchange under the ticker symbol PRTX.
The statement indicated that the transaction will provide Parataxis with up to approximately $240 million in funding, subject to redemptions by SilverBox shareholders, including $31 million in immediately available equity funds for the purchase of Bitcoin. Additionally, Parataxis has signed a share purchase agreement allowing for the issuance and sale of up to $400 million in equity to fund the advancement of its Bitcoin treasury strategy.
London-listed Satsuma Technology announced that it has completed approximately US$218 million in financing through the second round of convertible loan note issuance. ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG and Kenetic Capital participated in the investment. It is reported that nearly US$125 million of the funds were settled in Bitcoin to enhance its Bitcoin funding strategy.
Decentralized prediction market Bayes Labs announced the completion of a $2 million strategic round of financing, with participation from Singapore's GreenVision Fund, Jkapital Ltd., and Bearcat. The new funds will be used to accelerate Bayes Labs' product development, regional expansion, and user growth, especially in Asia.
Nasdaq-listed ZOOZ Power announced the completion of its first round of private financing of $5 million at a price of $2 per share. This financing represents the first phase of the company's previously announced $180 million private placement from institutional investors. Subject to shareholder approval, approximately 95% of the proceeds will be used to implement its Bitcoin reserve strategy. This move makes ZOOZ the first Nasdaq- and Tel Aviv-listed company to use Bitcoin as its reserve asset.
Regulatory trends
UK lifts ban on retail crypto ETNs, signaling efforts to become a cryptocurrency hub
The UK's financial regulator has lifted the ban on crypto exchange traded notes (cETNs) for retail investors, allowing individual investors to make their own choices at their own risk. The move is supported by the industry and is seen as a step for the UK to align with the global crypto market and strengthen its position as a digital asset hub. Last Friday, the UK Financial Conduct Authority (FCA) announced the lifting of the ban on retail investors trading cETNs, with the relevant regulatory changes taking effect on October 8. The ban has been in place since January 2021, citing extreme market volatility and "lack of legitimate investment demand." The lifting of the cETN ban reflects a shift in regulators' attitude towards crypto assets. An FCA executive said in a statement that the decision reflects the development of the market and the public's improved understanding of crypto-related products. Although the FCA lifted the ban on cETNs, the regulator clarified that crypto derivatives are still prohibited.
Character Voice
Placeholder Partner: The upward trend of the ETH/BTC exchange rate may continue
Placeholder partner Chris Burniske posted on social media today that the upward trend of the ETH/BTC exchange rate "does not seem to have stopped."
US President Trump recently posted on social media: "I am proud to be the only president (perhaps with the exception of the late, great President Washington) to donate his salary. My first 'salary' was donated to the White House Historical Association for the much-needed renovation of this beautiful 'People's House'. The White House is undergoing a major renovation and beautification project unprecedented since its construction."
San Francisco Fed President Mary Daly said on Wednesday that she believes the Fed will need to cut interest rates soon, given the slowing labor market and her assessment that tariffs pose only a short-term threat to inflation. "Inflation has been gradually declining in the absence of tariffs, and it should continue to decline as the economy slows and monetary policy remains suppressive," she said, adding that while tariffs will push up inflation in the short term, they are unlikely to have a lasting effect. Meanwhile, the labor market is already weak. "I think a further slowdown would be concerning, and once the labor market falters, it tends to decline quickly and sharply. All of this means that we may well need to adjust policy in the coming months."
Thomas Lee once again writes about Ethereum: Today's ETH is similar to BTC in 2017
Thomas Lee, chairman of the board of directors of BitMine (BMNR), once again expressed his bullishness on Ethereum in an article on the X platform. He wrote: “Many people wish they had made a large bet on Bitcoin in 2017, when the price was below $1,000. Now the price has reached $114,000. Ethereum is similar today, and it is expected to reach this moment in 2025.”
Galaxy Digital CEO: The wave of corporate holdings of cryptocurrency assets has peaked
Michael Novogratz, founder and CEO of Galaxy Digital, said during the company's second-quarter earnings call that the trend of companies adding cryptocurrencies to their balance sheets may have peaked. He noted that the key now is to see which existing companies will develop into industry leaders.
- 核心观点：加密市场活跃，机构加速布局ETH储备。
- 关键要素：
- 64家机构ETH持仓突破300万枚。
- 渣打银行称ETH财库投资价值超ETF。
- 英国取消散户加密ETN禁令。
- 市场影响：推动ETH需求增长，提振市场信心。
- 时效性标注：中期影响。
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