More than 87,000 ETH (worth about $3.76 billion) are queuing to exit the Ethereum network, setting a record high and increasing for 6 consecutive days. The waiting time is expected to be 15 days and 4 hours.

The momentum behind this bull market no longer comes from the Federal Reserve or fiscal policy, but rather from equity gains and record capital spending injected into the market by large technology giants.

我们结束了一个震荡但最终收于区间内的一周，最新的通胀指标走势分化：在之前一周温和的CPI（消费者价格指数）之后，7月PPI（生产者价格指数）意外大幅上涨（环比+0.9% vs 预期+0.2%，主要由专业服务价格跳涨推动）。

We have selected 12 Alpha projects and analyzed their latest progress and potential highlights.

Faraday Future, owned by Jia Yueting, has launched the C10 Treasury, an index-based portfolio of the top ten cryptocurrencies in the US stock market, and released the "C10 Index." Analysis: The increasing number of ETH waiting to be de-staked may bring greater market selling pressure.

In contrast, Bitcoin's on-chain capital efficiency remains in its early stages. While it remains at the heart of the crypto world—with a roughly 60% market share, a market capitalization of approximately $2.4 trillion, and the world's most stable consensus network—on-chain, BTC is often viewed more as "digital gold": a safe store of value, but lacking composability, profitability, and multi-chain liquidity. Most BTC holders either hold onto their assets for the long term or rely on centralized platforms for limited interest, missing out on the vibrant on-chain financial landscape.

How did BitMine, a Bitcoin mining company, become the world's largest corporate holder of ETH in just two months?

Ronin plans to complete the migration in Q2 2026.

The real reason why SOL lags behind ETH: treasury strategy, ETF and narrative gap.

Institutional scramble for ETH ignites the prelude to the alt-season. Which ETH Betas are worth watching?

2025年8月7日，美国正式签署行政令，允许401(k)退休计划投资包括加密资产在内的多元资产类别，这是自1974年《雇员退休收入保障法》（ERISA）以来最具结构性意义的制度升级。

比特币在7月迎来了百亿美金规模的新增抛压，然而在此刚性抛压下本资产内生波动率仍然不足10%，高度的筹码锁定在12万美金左右的再次确定令人咋舌，此类抛压除了证明资产属性外，只会改变最终周期的图形与结构，不会改变牛熊的事实，我们对后市依然非常乐观。

Bitcoin's market share has declined, while Ethereum's market share is increasing.

ETFs, CEXs, staking contracts, Layer 2… Who’s experiencing net outflows? Who’s experiencing net inflows?

7 Siblings sold nearly 20,000 ETH and still held about 280,000 ETH, worth about US$1.3 billion; H 100 Group increased its holdings by 45.8 bitcoins, bringing its total holdings to 809.1.

“The greatest value of Ethereum is its openness.”