1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: +2.17%
- ETH: -0.4%
- DOGE: -3.05%
- SOL: +0.24%
- BNB: +0.67%
- FARM: +1.92%
- LAZIO: 14.15%
- JUV: 38.06%
- PORTO: 12.46%
- PEPE: -2.65%
24-hour price increase list (data source: OKX):
- ERN: 31.32%
- ZRO: 12.66%
- CITY: 11.1%
- PSTAKE：9.93%
- LDO: 8.38%
- ACT: 8.03%
- SAHARA: 6.93%
- SWFTC: 5.41%
- AIXBT5.13%
- GOAT: 4.3%
2. Top 5 popular memes on the chain (data source: GMGN ):
- 4o
- RAY
- MSFT
- AGI
3. 24-hour hot search currencies
BOSS (Ibiza Final Boss): AI narrative, is the ace meme coin on the Solana chain. Because of the "nightclub hunk as the father", the domineering blockchain gaming community has gone viral and smart money has flocked to it.
Headlines
The probability of the Federal Reserve cutting interest rates in September is 90.7%.
According to CME's "Fed Watch," there's a 9.3% probability that the Fed will keep interest rates unchanged in September, a 90.7% probability of a 25 basis point rate cut, a 4.5% probability of keeping interest rates unchanged in October, a 48.9% probability of a cumulative 25 basis point rate cut, and a 46.5% probability of a cumulative 50 basis point rate cut.
Huajian Medical: Officially Launches Global Enhanced Ethereum Vault Strategy
Huajian Medical, a Hong Kong-listed company, issued an announcement announcing the group's latest strategic upgrade and dimensional upgrading initiative - the official launch of the "Global Enhanced Ethereum (ETH) Vault with Downside Protection Mechanism" strategy, which was approved by the board of directors.
SharpLink is suspected of buying all of the $200 million it raised into ETH
According to on-chain analyst Ember, a new wallet withdrew 52,809 ETH ($220 million) from Coinbase Prime 10 hours ago. The funds were then distributed to eight wallets for staking. One of these wallets is a known address for SharpLink (SBET). SharpLink raised $200 million through a stock sale last Friday, so it's likely that the funds were used to purchase ETH over the weekend. If this speculation is correct, SharpLink (SBET) currently holds 621,000 ETH, worth $2.65 billion. The average purchase price is approximately $3,226.
Industry News
Hong Kong Financial Secretary Paul Chan stated on social media that Hong Kong insurance companies will invest in advanced technologies such as AI, big data, and blockchain to promote industry transformation. Currently, AXA has been relocated back to Hong Kong as one of the first insurance companies.
Ethereum Developer Detained in Türkiye for Alleged “Abuse” of Ethereum
An Argentinian Ethereum developer known as "Fede's Intern" was detained by Turkish authorities in Izmir, Turkey, and accused of assisting others in "abusing" the Ethereum network. Following the incident, Fede's Intern revealed on social media that Turkish authorities alleged he facilitated the misuse of Ethereum, though the specifics remain unclear. Fede's Intern denied all allegations, emphasizing that he and his team are merely "infrastructure builders" and expressing a willingness to cooperate with authorities.
Turkish crypto commentator Cenk pointed out that detention based solely on such vague charges lacks legal basis. Turkey's existing commercial, consumer, and criminal codes are often used to deal with crypto cases, so the legal basis of this incident remains questionable.
Fede's Intern said the accusation was made personally by Turkey's interior minister. Despite being detained, Fede's Intern posted updates on social media, saying he had been moved to a private room and provided with food, and that he planned to travel to Europe by private jet to continue working with his legal team to fight the charges.
TRM Labs: Embargo ransomware gang has transferred over $34 million in crypto assets since April
The ransomware group Embargo has transferred over $34 million in ransom-related crypto assets since April 2024. Its targets include US hospitals and critical infrastructure, with the highest single ransom demand reaching $1.3 million. The group, suspected to be BlackCat (ALPHV) under a different name, currently holds approximately $18.8 million in unused crypto assets and launders the funds through high-risk exchanges and sanctioned platforms.
David Sacks, the White House's director of artificial intelligence and cryptocurrency, posted on the X platform expressing dissatisfaction with the fact that many US banks still prohibit wealth management platforms from accessing Bitcoin ETFs. He asked: "Why do leading US banks still prohibit or restrict access to Bitcoin ETFs on their wealth management platforms? Is this the last vestige of 'de-banking'?"
According to data forwarded by David Sacks, many leading US banks, including Bank of America, Morgan Stanley, JPMorgan Chase, Citigroup, Goldman Sachs, and UBS Americas, have more or less banned and restricted their wealth management platforms from accessing Bitcoin ETFs, and the asset management scale of these wealth management platforms is as high as 31 trillion US dollars.
Project News
The LayerZero Foundation has proposed acquiring the Stargate cross-chain bridge and its STG token for $110 million. Under the terms of the proposal, STG will be deactivated, and STG holders will be able to exchange their tokens for LayerZero's native token, ZRO, at a rate of 1 STG to 0.08634 ZRO, equivalent to a value of $0.1675 per STG and $1.94 per ZRO. Stargate will be incorporated into the LayerZero Foundation, and its DAO will be dissolved.
The proposal states: “This proposal aims to accelerate the development of Stargate and LayerZero, providing Stargate with resources to enable it to implement an aggressive roadmap and expand its privileges beyond bridging, while deeply connecting a powerful revenue-generating protocol to the LayerZero ecosystem and making LayerZero more accessible to end consumers.”
DeFi protocol Stability DAO has stated that approximately 20% to 30% of MetaVault funds on its platform were affected by the CrediX attack. Stability DAO is working with Sonic Labs and other affected protocols and is preparing a detailed report to track the team and the attacker in an effort to recover the funds. The protocol is also developing a compensation and recovery plan, which is expected to be implemented within two weeks. MetaVault is expected to reopen next week and will release further details. Stability DAO reportedly completed integration with CrediX approximately a week ago, creating additional revenue opportunities for the platform.
Synthetix founder Kain posted a picture of the sUSD price recovery on the X platform and said: "(The price) is almost back. This period has been difficult, but I am optimistic that it should be fully back to the peg by the end of the month, when the mainnet pre-deposit activity will be launched, and finally get us back on track." Earlier news came that sUSD decoupled from the peg due to Synthetix's introduction of a shared debt pool mechanism in SIP-420, and fell to a low of $0.73.
1 Inch team investment fund cashed out ETH and 1 Inch, making a profit of $8.36 million
According to on-chain analyst Ember, the 1 Inch team investment fund has profited from selling some ETH and 1 inch on-chain. They sold 5,000 ETH at an average price of $4,215 for 21.07 million USDC, and 6.45 million 1 inch at an average price of $0.28 for 1.8 million USDC. These sales generated approximately $8.36 million in revenue. The ETH was purchased in February of this year, and the 1 inch in July.
Investment and Financing
Market News: WLFI Launches $1.5 Billion Cryptocurrency Investment Tool
Market news: Trump-affiliated cryptocurrency company World Liberty Financial launched a $1.5 billion cryptocurrency investment tool.
HackQuest Completes $4.1 Million Funding Round, Led by Animoca Brands and Open Campus
HackQuest announced a $4.1 million funding round led by Animoca Brands and Open Campus, with participation from Gate Ventures, HashKey Capital, Hash Global, Find Satoshi Labs (StepN), Outlier Ventures, and Bytetrade Labs. The funds will be used to expand its developer platform, which addresses the Web 3 talent gap through education, on-chain credentials, and ecosystem support, and has already engaged 90,000 developers from over 30 countries.
Thumzup Media Corporation, a Nasdaq-listed company in which Trump's eldest son Donald Trump Jr. invests and holds cryptocurrency reserves, announced the official launch of a rights offering to raise funds. It will issue Series D non-voting convertible preferred stock at a par value of US$0.001 per share. The proceeds will be used to invest in cryptocurrencies and mining equipment, working capital and general corporate purposes. Dominari Securities LLC served as the exclusive placement agent for this issuance.
Decentralized artificial intelligence company AIxBlock receives €1.5 million in EU funding
AIxBlock, a decentralized artificial intelligence (AI) technology startup, announced that it has received €1.5 million in funding from the European Union, in addition to two pre-approved grants totaling up to €61.5 million (currently undergoing review). AIxBlock is a full-stack platform for end-to-end AI development and workflow automation. Using decentralized GPU resources to train and deploy custom AI models, it aims to give builders control over their infrastructure stack (without vendor lock-in) and to automate, modularize, and decentralize AI development.
Regulatory trends
El Salvador's new law allows licensed investment banks to conduct crypto asset business
Juan Carlos Reyes, President of the El Salvador Digital Asset Commission (CNAD), confirmed that El Salvador has passed the Investment Banking Law, allowing licensed investment banks to hold digital assets such as Bitcoin and provide crypto services to qualified investors. The law stipulates that investment banks can apply for a Digital Asset Service Provider (PSAD) license and even operate as pure Bitcoin banks. The government claims this move will help attract foreign investment and strengthen its position as a center for financial innovation. However, some critics believe that current crypto policies favor institutions over the general public.
Caixin: Regulators remain cautious about issuing RMB stablecoins, and hype needs to cool down.
The development of quantum computing has further heightened security concerns surrounding blockchain technology used in cryptocurrencies like Bitcoin. Caixin has learned from several mainland policymakers that since the end of June, relevant authorities have held numerous meetings to discuss the development trends and strategies for stablecoins and cryptocurrencies. While they stated that research will continue, they also stated that the hype surrounding the stablecoin craze needs to be cooled. Regulators are also closely monitoring the development of stablecoins and related technologies and remain cautious about issuing RMB-denominated stablecoins.
Character Voice
Wang Feng, founder of Linekong Interactive, posted on the X platform that market sentiment for Bitcoin and Ethereum cannot be viewed in isolation. Bitcoin is currently trading sideways around $120,000, with minimal volatility and no major selling. This leaves ample room for Ethereum to continue its upward trend after breaking through $4,000, with predictions of a rise to at least $5,000. Similarly, Ethereum and the broader crypto market are inseparable. The cryptocurrency autumn is poised to begin, with DeFi, RWAs, and memes taking off.
Stablecoin issuers such as Circle and Tether are gobbling up more U.S. Treasury bonds than most countries, which could reshape the U.S. economy. Tether disclosed the latest data showing that it holds more than $100 billion in U.S. Treasury bonds, surpassing countries such as the UAE and Germany.
However, while cryptocurrency supporters believe stablecoins will help consolidate the dollar's global dominance, critics warn that even if stablecoins only account for a small portion of the overall market, they could lead to financial instability in the banking industry because stablecoins could siphon funds from bank deposits, which are a necessary flow for lending and could threaten the credit system.
Glassnode published an analysis on the X platform stating that in the past few days, the number of first-time buyers and momentum traders of ETH has increased significantly, indicating that new demand has entered the market, while existing holders are willing to increase their cost basis and re-participate.
Hong Kong released a white paper on the RWA industry, systematically proposing standards and a framework for asset screening, while breaking the market's argument that "everything can be RWA". Not all assets are suitable for RWA tokenization. Assets that are successfully implemented on a large scale need to meet three major thresholds: value stability, legal clarity of ownership, and off-chain data verifiability. At this stage, it mainly covers five types of mainstream assets: financial assets such as gold, bonds, and funds, new energy assets such as photovoltaics, real estate and other real estate, intangible assets such as carbon credits, data, and intellectual property, and computing power assets such as GPU hardware.
Bitwise executives: Ivy League schools are going all-in on BTC, which may bring in more capital
In response to Harvard and Brown University's disclosure of their BTC ETF holdings, Juan Leon, senior investment strategist at Bitwise, wrote on the X platform that Ivy League schools are going all-in on BTC. Harvard and Brown University have combined endowments exceeding $60 billion, and increasing their cryptocurrency allocations could bring in even more capital. Furthermore, as leading American universities, their adoption of cryptocurrency has sent a clear signal, prompting other university endowment funds to follow suit.
- 核心观点：加密货币市场活跃，机构加速布局。
- 关键要素：
- CEX热门币种涨跌分化，JUV涨38%。
- 美联储9月降息概率超90%。
- 机构大额购入ETH，如SharpLink购2.2亿。
- 市场影响：市场情绪升温，资金加速流入。
- 时效性标注：短期影响。
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