1. Popular CEX currencies

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

• BTC: 3.34%
• ETH: 2.2%
• SOL: 3.64%
• DOGE: 3.46%
• BNB: 1.16%
• PEPE: -0.16%
• ADA: 10.78%
• SUI: 3.12%
• XRP: 1.25%
• UNI: 3.79%

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

• OKB: 17.62%
• SKL: 14.83%
• RAY: 9.1%
• ARKM: 8.07%
• ADA: 7.01%
• VRA: 6.25%
• BERA: 4.77%
• STK: 4.38%
• BONK: 3.84
• EIGEN: 3.62%

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

• ORANGE
• GOOGLE
• RAY
• Fartco
• DREAM

3. 24-hour hot search currencies

Won (logged on and won foeever) is an AI narrative-driven carnival for internet winners. The main image is a retro keyboard, and the slogan is: "We win as soon as we go online, and no one can stop us."

Headlines

Fed's Goolsbee: We need several months of favorable inflation data to feel comfortable cutting rates

Fed Chair Goolsbee: There will be some important data releases before the Fed's September meeting, but that doesn't mean I can't make a decision then. Given the tariffs on semiconductors and the new tariff announcements, there's unease about tariffs, which I view as a one-time inflation shock. So far, we've experienced several months of mild inflation; the latest CPI data shows worrying inflation in the services sector. Several months of favorable inflation data are needed to gain the comfort level needed to cut interest rates.

Bullish raises $1.1 billion in IPO, oversubscribed by more than 20 times

Bullish, a digital asset trading platform, raised $1.1 billion in its initial public offering at $37 per share, higher than its previous range of $32 to $33. The IPO was oversubscribed by over 20 times, bringing its market capitalization to $5.4 billion. BlackRock and ARK Investment Management expressed interest in subscribing for a combined $200 million in shares. Bullish, led by former NYSE President Tom Farley, primarily serves institutional clients. Its largest shareholder is Block.one CEO Brendan Blumer, who holds a 30.1% stake. The company will list on the NYSE under the ticker symbol BLSH.

7 Siblings sold nearly 20,000 ETH and still holds about 280,000 ETH, worth about $1.3 billion

According to on-chain analyst Ember, 7 Siblings purchased 100,000 ETH at approximately $2,270 during the August 5th crash of last year. Today, they have sold nearly 20,000 ETH for approximately 90.44 million USDC, at an average price of approximately $4,532. The entity still holds approximately 280,000 ETH, valued at approximately $1.3 billion. 7 Siblings bought at low prices during the two previous crashes, including a purchase of 25,000 ETH at approximately $1,700 on April 7th of this year.

H 100 Group increased its holdings by 45.8 bitcoins, bringing its total holdings to 809.1 bitcoins.

According to the official announcement, the Swedish company H 100 Group announced the purchase of an additional 45.8 bitcoins at an average price of 1,136,949 Swedish kronor. The total number of bitcoins currently held is 809.1.

Industry News

DeFi Education Fund establishes "DeFi Education Foundation" to promote crypto policy education

The DeFi Education Fund (DEF), a decentralized finance advocacy organization, has announced the establishment of the "DeFi Education Foundation," which aims to educate US lawmakers on crypto policy and law and provide donors with a tax-deductible charitable donation channel. The organization is pushing the Senate to consider DeFi with caution in crypto regulatory legislation and is calling on the US Securities and Exchange Commission (SEC) to establish a "safe harbor" mechanism for certain blockchain applications.

Sharplink Gaming's LSETH holdings have generated a $323 million profit

Sharplink Gaming, a Nasdaq-listed Ethereum treasury company, has seen a $323 million profit on its LSETH holdings. LSETH is Liquid Collective's liquidity staking token, providing ETH staking services to institutions.

Standard Chartered: Stablecoins account for 40% of all blockchain transaction fees, more than half of which are on Ethereum

Standard Chartered Bank said that stablecoins currently account for 40% of all blockchain transaction fees, while Ethereum accounts for more than half of all stablecoins. It is expected that the stablecoin industry will grow by about 8 times by the end of 2028.

JustinSun withdrew 200 million USDC from Binance and minted 160 million of them into USDS and transferred them to Spark.

According to on-chain analyst Ai Yi's monitoring, Justin Sun withdrew 200 million USDC from Binance starting yesterday, and then minted 160 million of them into USDS and transferred them to Spark. His single address accounts for 6.4% of Spark's deposit TVL, and in less than two days he has received rewards worth $24,000 in SPK.

Project News

MetaMask will partner with Bridge and Blackstone to launch its stablecoin mUSD this week.

Sources said that MetaMask may announce the launch of its stablecoin mUSD this week and release more details. People familiar with the matter said that mUSD is already in preparation and will become an official asset at the end of this month.

It is reported that MetaMask will work closely with Bridge, a subsidiary of Stripe, and will also seek the help of traditional financial asset management company Blackstone Group to assist in providing custody and asset management services for the token.

Gavin Wood to Return as Parity CEO

Parity Technologies has officially announced that co-founder Gavin Wood will return to the CEO position in late August, replacing the departing Björn Wagner. Wood, who stepped down as CEO in 2022 to focus on protocol development, stated that now that the architectural foundation is complete and the market is ripe, his return to the CEO role will accelerate the next phase of growth. During his three-year tenure, Björn led the team through continuous delivery and expansion into new areas amidst a bear market, laying a solid foundation for Parity. Officials stated that the team and project's day-to-day operations remain unchanged, with future strategic upgrades planned.

Reveel announces REVA token economics: total supply is 1 billion, 37% allocated to the community

Reveel announced the REVA token economics. The total REVA token supply is 1 billion, with 37% allocated to the community, 25% to investors, 22% to the company's fund, and 16% to the team and advisors. The initial circulation will be approximately 150 million, with a fixed supply model and plans to achieve deflation through dynamic revenue-backed buybacks. The buyback mechanism stipulates that 75% of net revenue will be used to repurchase tokens from the market initially, with a 5% reduction each subsequent cycle, but the absolute amount must continue to increase, with a minimum buyback ratio of 25%. Binance Wallet previously announced that it will launch a Reveel (REVA) pre-launch and airdrop on August 14th.

OKB destruction and upgrade schedule: August 15, destruction; August 18, smart contract upgrade

According to the official announcement released by OKX, the specific timetable (Beijing time) for completing the PP upgrade on X Layer and launching the OKB Gas Token economic model optimization is as follows:

August 13, 2:10 PM: OKT will cease trading on the OKX exchange. OKTChain will continue to produce blocks and process on-chain transactions as normal.

August 13, 3:00 PM: OKX will stop withdrawing OKB to ETH L1.

August 15, 10:00 AM: The platform automatically converts OKT in user accounts into OKB according to the rules.

August 15th, 2:00 PM: OKB will be destroyed all at once, and the smart contract will be called to perform the on-chain destruction.

August 18, 2:00 PM: OKB Smart Contract will be upgraded to remove the issuance and destruction functions.

Regulatory trends

Bank of Japan urged to abandon its vague inflation target, paving the way for rate hikes

According to foreign media analysis, pressure is growing within the Bank of Japan to abandon a vaguely defined inflation metric. Earlier, Bank of Japan Governor Kazuo Ueda stated that "underlying inflation" (focused on the strength of domestic demand and wages) remains below the central bank's 2% target, justifying a slow pace of interest rate hikes. The problem is that there is no single indicator for measuring "underlying inflation," making it a target for critics. Critics say that while both headline and core inflation measures have exceeded targets for years, the Bank of Japan is overly reliant on a vague indicator to guide monetary policy.

Investment and Financing

Game studio Neon Machine completes $19.5 million in funding, led by Gala Games

Seattle-based game studio Neon Machine has announced the completion of a $19.5 million funding round, led by Gala Games with participation from Griffin Gaming Partners and Polychain Capital. The funds will support the global launch of its award-winning FPS game Shrapnel, as well as its plans for the Chinese market, where closed beta testing will begin in 2025 and open beta testing will begin in early 2026.

Block announces plans to raise $1.5 billion through a rights offering

Block, a New York Stock Exchange-listed Bitcoin financial company founded by Twitter founder Jack Dorsey, announced that it plans to issue senior notes to qualified institutional buyers to raise $1.5 billion through a rights offering. It is reported that the funds raised will be used for corporate operations, including debt repayment, potential acquisitions and strategic transactions.

Character Voice

Trader Eugene: Has significantly reduced ETH holdings and switched to a conservative risk-averse mode

Trader Eugene stated that he has significantly reduced his risk exposure and sold most of his ETH holdings due to the emergence of multiple warning signs. He believes that the risk-reward ratio of continuing to be aggressively long is no longer attractive. He stated that his strategy of building an ETH position from $2,500 has already achieved two upward targets (from $2,500 to $4,000 and from $4,000 to $4,800). Any third upward trend will require continued large-scale buying from traditional finance. While he still tactically holds some small-cap tokens, he has shifted to a conservative risk-averse mode.

Mizuho Securities says USDC's slowing growth could pose medium-term risks to Circle

Mizuho Securities' latest research report indicates that Circle faces three major medium-term risks: slower-than-expected USDC growth, rising distribution costs, and a potential Federal Reserve rate cut. Although the latest quarterly report shows a 90% year-over-year increase in USDC circulation to $61.3 billion and a 53% year-over-year increase in quarterly revenue to $658 million, its distribution costs as a percentage of the reserve pool have risen from 39% in 2022 to 64%.

Greeks.live: Market funds are clearly rotating towards Ethereum, and $5,000 is expected to be the next important resistance level.

Adam, a macroeconomic researcher at Greeks.live, published a Chinese community newsletter, noting that the community is significantly bullish on Ethereum's breakout, with most traders anticipating $5,000 as the next significant resistance level. Bitcoin's relative weakness has led to a clear rotation of funds toward Ethereum, creating a distinct divergence in funding.