1. Popular CEX currencies

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

• BTC: 0.96%
• ETH: 9.38%
• SOL: 10.64%
• DOGE: 5.64%
• BNB: 3.3%
• ENA: 1.1%
• LTC: 9.04%
• ADA: 8.72%
• PEPE: 8.61%
• XRP: 3.32%

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

• SKL: 16.88%
• MLN: 13.1%
• MEMEFI: 12.76%
• KMNO: 10.13%
• WCT: 7.72%
• SLERT: 7.43%
• JTSOL: 7.4%
• OKSOL: 6.85%
• SOL: 6.82%
• JTO: 6.24%

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

• RETARD
• ORANGE
• FUN
• BWE
• Smiski

3. 24-hour hot search currencies

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Headlines

Market News: Do Kwon to plead guilty to conspiracy to commit wire fraud and wire fraud

According to market news: According to the judge's statement at a US court hearing, Terraform Labs co-founder Do Kwon will plead guilty to two counts of conspiracy to defraud and wire fraud in connection with the collapse of the crypto market worth more than $40 billion.

Bitmine plans to raise up to $24.5 billion through a rights offering to acquire more ETH

According to public documents from the U.S. SEC, Nasdaq-listed company Bitmine Immersion plans to increase the total amount of common stock that can be sold under the sales agreement to up to $24.5 billion to acquire more ETH, including up to $2 billion according to the prospectus, $2.5 billion according to the prospectus supplement, and an additional $20 billion according to the latest prospectus supplement.

Fed spokesperson: July CPI is high, but may not be enough to prevent a rate cut in September

Nick Timiraos, a "Federal Reserve mouthpiece," stated: "The threshold for rate cuts has shifted since the July jobs report. A September rate cut may be hampered by today's high CPI data. While July's CPI isn't "zero inflation," its high level may not be enough to prevent a September rate cut."

A week after the stablecoin regulation came into effect, the size of Hong Kong's over-the-counter market fell by about 33%.

According to Bitrace's long-term business address traffic monitoring of VAOTC entities located in Hong Kong or primarily serving Hong Kong customers (covering all service providers' TRC 20-USDT transfer data in the two time periods of June 1 to July 31, 2025 and August 1 to August 8, 2025 Beijing time, and excluding non-operational transfer activities between business addresses), between June 1 and July 31, all business addresses transferred out a total of 3.17 billion USDT, with an average of 52.04 million USDT per day; between August 1 and August 8, all business addresses transferred out a total of 279 million USDT, with an average of 34.9 million USDT per day.

Industry News

Trump's cryptocurrency investments have generated $2.4 billion in profits

According to Cointelegraph, President Trump's cryptocurrency investments have generated $2.4 billion in revenue since 2022. The report said this income accounts for 43.5% of the personal wealth he has accumulated during his political career, including gains from NFT, World Liberty Financial, and Bitcoin mining investments.

Stablecoin issuer Circle and shareholders plan to sell 10 million shares

Circle Internet Group, the issuer of the USDC stablecoin, and its shareholders plan to sell a combined 10 million shares. According to a filing with the U.S. Securities and Exchange Commission, Circle will sell 2 million shares, while shareholders, including co-founder and CEO Jeremy Allaire, will sell 8 million shares. Based on Tuesday's closing price of $163.21, the total value of the offering is approximately $1.63 billion.

SharpLink increased its holdings by 5,226 ETH, exceeding 600,000 ETH

According to Lookonchain, SharpLink (SBET) added another 5,226 ETH worth $23.1 million an hour ago. SharpLink currently holds 604,026 ETH, valued at $2.69 billion, ranking second among institutional Ethereum holders.

Genius Group, a US-listed company using Bitcoin, is considering a dual listing in South Korea.

New York Stock Exchange-listed Genius Group announced that its board of directors has approved a dual listing on Asian exchanges, and has reportedly expressed interest in a dual listing in South Korea. Genius Group's total Bitcoin holdings reportedly reached 200 BTC at the end of July.

Project News

Stripe Appoints Paradigm Co-Founder Matt Huang as CEO of Tempo Project

Payments technology company Stripe has appointed Matt Huang, co-founder and managing partner of cryptocurrency investment firm Paradigm, as CEO of its blockchain project, Tempo. Huang will also retain his position at Paradigm.

Earlier news, financial technology company Stripe and Paradigm cooperated to develop the payment blockchain Tempo.

Cookie Snaps is now available on ANTIX, with 0.25% of the total token supply allocated to platform users.

Cookie DAO announced on the X platform that Cookie Snaps has been listed on ANTIX. 0.25% of the total token supply will be distributed to platform users, of which 0.212% will be allocated to the top 500 users on the Snaps list, and another 0.038% will be allocated to COOKIE token stakers.

Spark: Season 1 SPK Token Rewards Now Available for Claim

Spark, a lending protocol, has officially announced on the X platform that claims for its first season of SPK token rewards are now open. Furthermore, if you stake your SPK tokens again within 24 hours of claiming, you'll receive a 10% loyalty bonus.

Suspected odin.fun vulnerability was exploited, resulting in a loss of approximately 60 BTC

Some community members stated that there was a suspected vulnerability in the odin.fun platform, and about 60 BTC were transferred away.

Qubic responds to Monero 51% attack, stating experiment is proceeding as planned

Qubic responded to the Monero (XMR) 51% attack on social media, stating that its Monero experiment is progressing as planned and that details will be released in due course. Previously, it was reported that the Qubic project, initiated by IOTA co-founder Sergey Ivancheglo, rapidly accumulated Monero computing power using the "Usable Proof of Work" (uPoW) mechanism. At one point that day, it controlled 52.72% of the network hash rate (approximately 3.01 GH/s), potentially enabling the rejection of blocks from other mining pools, triggering chain reorganizations, and double-spending.

Regulatory trends

Kazakhstan Launches Central Asia's First Spot Bitcoin ETF

Kazakh asset management company Fonte Capital launched Central Asia's first spot Bitcoin exchange-traded fund (ETF) on the Astana International Exchange (AIX) on August 13. The fund, trading under the symbol BETF, is denominated in US dollars.

Each fund share is backed by physical Bitcoin, held in custody by BitGo, a licensed US custodian, and backed by up to $250 million in insurance. BitGo utilizes offline cold storage and secure vaults to ensure asset safety.

The United States has introduced a series of crypto regulatory legislation, but insufficient law enforcement personnel have caused concerns.

According to Ari Redbord, global policy director at TRM Labs, the recent surge in new regulations in the United States, including those related to stablecoins and market structure, is helping to attract large banks and institutions to offer crypto asset services. However, this has also raised concerns about insufficient law enforcement staff. This year, large-scale government layoffs, driven by President Trump and former DOGE investor Elon Musk, have impacted key agencies like the SEC, OCC, and FDIC, with over 2,000 related positions cut in May.

Fosun International confirms application for Hong Kong stablecoin license, Guo Guangchang meets with senior Hong Kong government officials

Fosun International has confirmed its application for a Hong Kong stablecoin license. On August 6th, Fosun International founder Guo Guangchang led the stablecoin team in meetings with Hong Kong Chief Executive John Lee and Financial Secretary Paul Chan. Fosun has established a dedicated team to advance the license application. Its subsidiary, Fosun Wealth, leveraging the Star Road Technology platform, has already ventured into the digital asset business, including participating in the distribution of tokenized money market funds issued by China Asset Management and developing a real asset tokenization (RWA) platform. According to the Hong Kong Monetary Authority, applicants can contact regulators after August 1st and must submit their application materials by September 30th.

Investment and Financing

Transak completes $16 million financing, led by IDG Capital and Tether

Web 3 payment infrastructure company Transak announced the completion of a new round of financing of US$16 million, co-led by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital and Fuel Ventures. Transak plans to use this capital to expand its stablecoin payment stack and enter new markets.

Kosmos, a blockchain-based identity verification platform, has secured $57 million in Series B funding, led by Forgepoint Capital and others.

1 Kosmos, a blockchain identity verification platform, announced the completion of a $57 million Series B funding round led by Forgepoint Capital and Origami's Oquirrh Ventures, with participation from Carahsoft founder and president Craig Abod, NextEra Energy Ventures, Gula Tech Adventures, and the 1 Kosmos management team. 1 Kosmos uses a private, permissioned blockchain to encrypt and store personally identifiable information (PII), helping enterprises transform identity into a business driver and advancing the future of identity verification and passwordless authentication.

Blockchain payment company Riva completes $3 million seed round of financing, led by Project A and participated by JP Morgan

Payments company Riva Money announced the completion of a $3 million seed funding round led by Project A, with participation from individual investors including Revolut, Monzo, and JP Morgan. Riva leverages blockchain technology and stablecoins to optimize cross-border payments, addressing pain points such as high costs and slow settlement times in existing systems while offering more favorable exchange rates. Co-founded by former Revolut and Wise executives Niklas Hoejman and Mahendra Katoch, the company is applying for UK and EU payment institution authorizations, as well as MICA and VASP licenses, to facilitate its global regulatory expansion.

Character Voice

Huatai Securities: Maintain the judgment that the Federal Reserve will cut interest rates for the first time in September and cut interest rates for the second time this year

Huatai Securities' research report indicates that July US inflation data suggests a relatively mild pass-through of tariffs. Research by Cavallo et al. indicates that commodity price increases peak 10-15 weeks (3-4 months) after the announcement of tariffs, indicating a rapid pass-through of tariffs. However, due to weak perceived demand from businesses, only 50-60% of the tariff pressure was passed on to consumers, preventing a more significant increase in inflation. Looking ahead, given the modest increase in US external tariffs in August, we expect tariffs to continue to modestly push up core inflation. However, weak business demand and a weakening job market will constrain the extent of inflation. Slowing demand and accelerated deportations of illegal immigrants suggest continued pressure on the job market in the third quarter. Therefore, we maintain our forecast for an initial interest rate cut in September, marking the second rate cut this year.

SlowMist Cosine: Qubic's control over Monero's hash rate remains questionable and difficult to verify.

Yu Xian, founder of SlowMist, commented on the Monero 51% attack on the X platform, stating that while there are questions within the community about whether it was a true 51% attack, there are no doubts about the reorganized blocks (e.g., six). The Qubic mining pool claims to control 51% of the hashrate, but many community members believe it controls approximately 33%. This debate is difficult to verify; the only way to prove 51% is to conduct a double-spend attack test.

Greeks.live: $4,300 may be an important support level for ETH, and it is expected to rise to the $4,900-5,000 range

Adam, a macroeconomic researcher at Greeks.live, published a Chinese community newsletter, noting that the group is showing significant bullish sentiment on market direction, with traders generally focused on the potential impact of tonight's CPI data on the market. Most members believe Ethereum is performing strongly, with the key $4,300 price level acting as significant support, and anticipate a potential breakout above its all-time high, reaching the $4,900-5,000 range.

Visa Crypto Head: Stablecoins Could Significantly Expand the Company's Addressable Market

Cuy Sheffield, head of crypto at Visa, said stablecoins are expected to significantly expand Visa's addressable market size, with potential market opportunities reaching $2 trillion.