1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: -0.16%
- ETH: -0.02%
- BNB: 0.93%
- SOL: -4.56%
- DOGE: -3.83%
- XRP: -1.65%
- SUI: -4.55%
- PEPE: -6.79%
- FUN：0.38%
- ENA: -2.4%
24-hour price increase list (data source: OKX):
- VINE: 12.06%
- FORTH: 6.49%
- GODS: 3.37%
- UNI: 2.43%
- ICE: 1.91%
- CATI: 1.68%
- SD: 1.49%
- RESOLV: 1.16%
- TRX: 1.06%
- BNB: 0.84%
2. 24-hour hot search currencies
SEND (Project Send) is an AI-driven meme coin on the Solana chain, with a purple cyborg as its main image.
Headlines
1. The United States will continue to modify the implementation of the additional ad valorem tariffs on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as set forth in Executive Order No. 14257 of April 2, 2025, and will further suspend the application of the 24% tariff for 90 days starting on August 12, 2025, while retaining the remaining 10% tariff on these goods as set forth in Executive Order No. 14257. 2. China will continue to (i) modify the implementation of the additional ad valorem tariffs on U.S. goods as set forth in Tax Commission Announcement No. 4 of 2025, and will further suspend the application of the 24% tariff for 90 days starting on August 12, 2025, while retaining the remaining 10% tariff on these goods; and (ii) take or maintain necessary measures to suspend or remove non-tariff countermeasures against the United States, as agreed in the Geneva Joint Declaration.
According to two U.S. government officials, Federal Reserve Vice Chairs Bowman and Jefferson, as well as Dallas Fed President Logan, are under consideration for the Fed Chair position should it become vacant next year. Treasury Secretary Jefferson, who is overseeing the selection process, said he will interview additional candidates in the coming weeks. Officials said Trump is expected to make a final announcement this fall. Other candidates still under consideration include Trump economic adviser Kevin Hassett, Federal Reserve Governor Waller, economist Mark Summerlin, and former Fed officials Kevin Warsh and James Bullard, according to people familiar with the matter.
Paxos announces application for a trust license in the United States
Stablecoin issuer Paxos announced it is applying for a trust charter from the U.S. Office of the Comptroller of the Currency (OCC) and plans to open a U.S. office to expand its regulated financial services. Once approved, Paxos will be regulated by the Office of the Comptroller of the Currency (OCC), in addition to existing regulations from the European Financial Supervisory Authority (FIN-FSA), the Monetary Authority of Singapore (MAS), and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market.
Bullish, the Peter Thiel-backed cryptocurrency trading platform, has increased the size of its initial public offering (IPO), now targeting a valuation of up to $4.82 billion. The new plan calls for selling 30 million shares at a price between $32 and $33 per share. At the top end of the range, Bullish could raise approximately $990 million, an increase from its earlier plan to sell 20.3 million shares at a price between $28 and $31 per share.
Industry News
BitMine has become the most popular overseas stock among South Korean retail investors, who remain attracted to the high-risk, high-reward opportunities in the crypto space. According to data from the Korea Securities Depository and Clearing Corporation (KSDC), South Korean retail investors have invested a net $259 million in BitMine shares since the beginning of July, making it the most purchased overseas stock during that period.
Terraform Labs co-founder Do Kwon may plead guilty in the US
Documents from the Southern District of New York federal court indicate that Terraform Labs co-founder Do Kwon may reverse his stance and plead guilty on Tuesday morning. Previously, Do Kwon was indicted by U.S. prosecutors in March 2023 on multiple charges, including fraud conspiracy, commodities fraud, wire fraud, securities fraud, market manipulation, and money laundering, stemming from the collapse of the algorithmic stablecoin Terra USD (UST).
SharpLink completes $400 million private placement, ETH holdings valued at over $3 billion
According to official news, SharpLink completed a $400 million private placement at $21.76 per share, led by five global institutional investors. As of August 11, 2025 (Beijing time), the company holds approximately 598,800 ETH and has approximately $200 million in ATM proceeds remaining undeployed. Once fully invested as planned, the market value of its ETH holdings is expected to exceed $3 billion.
Strategy disclosed that it increased its holdings of 155 Bitcoins last week
Strategy disclosed that it increased its holdings of 155 bitcoins between August 4 and August 10, 2025, with an average purchase price of $116,401, totaling approximately $18 million.
Tether-backed Rumble to acquire Bitcoin miner Northern Data for $1.17 billion
Rumble, a video-sharing platform and cloud services provider, announced on Monday that it intends to acquire Northern Data, a Bitcoin miner and high-performance computing specialist, in a deal potentially valued at €1 billion ($1.17 billion). Stablecoin giant Tether, Northern Data's controlling shareholder with a 54% stake, has expressed support for the transaction and has committed to a multi-year GPU procurement agreement upon closing.
ALT 5 Sigma raises $1.5 billion to launch WLFI Treasury strategy, holding 7.5% of total supply
ALT 5 Sigma Corporation (NASDAQ: ALTS) announced that it has signed an agreement to raise approximately $1.5 billion in aggregate through a registered direct offering and concurrent private placement of up to 200 million shares of common stock and equivalents at a price of $7.50 per share to launch the World Liberty Financial (WLFI) treasury strategy. Upon completion of the transaction, the company will hold approximately 7.5% of the total WLFI token supply.
Project News
FTX/Alameda unstaked and transferred out another 190,000 SOL, worth approximately $34.09 million
According to on-chain analyst Ember, FTX/Alameda distributed 190,000 SOL (approximately $34.09 million) redeemed from staking to 29 addresses six hours ago. Historical data indicates that most of this has flowed into Coinbase or Binance. Since November 2023, this staking address has redeemed and transferred out a cumulative 8.788 million SOL (approximately $1.159 billion) at an average price of approximately $132. Currently, 4.727 million SOL (approximately $829 million) remains staked.
The TON Foundation announced on the X platform that Coinbase Ventures, the investment arm of Coinbase, has become a holder of Toncoin (TON). The tokens were purchased directly from Telegram; the specific amount was not disclosed. Manuel Stotz, Chairman of the TON Foundation, stated that this is a long-term investment and demonstrates support for TON. Early investors in TON include Sequoia Capital, Benchmark, and Ribbit Capital, with subsequent investors including Pantera Capital, Ryze Labs, and Animoca Brands.
The decentralized exchange Uniswap Foundation has proposed establishing a new legal entity, DUNI, for its governance organization, adopting Wyoming's Decentralized Unincorporated Nonprofit Organization (DUNA) framework. The proposal would allocate $16.5 million worth of UNI tokens to the new entity, DUNI, to cover past tax and legal defense budgets. The new entity reportedly does not alter the Uniswap protocol, token, or governance structure, and fee revenue cannot be directly distributed to UNI holders. The Uniswap Foundation reportedly stated in its announcement that adopting the DUNA framework would pave the way for Uniswap to implement protocol fees, shifting a small portion of limited partner fees to the DAO treasury.
Nasdaq-listed Heritage Distilling announced that it has completed US$220 million in financing, with participation from a 16 z crypto, Amber Group, Arrington Capital, dao 5, Hashed, Mirana Ventures, Neoclassic Capital, Open World, Polychain Capital, Selini Capital, Stix, Syncracy Capital and others, to jointly launch a US$360 million IP token reserve plan. The company will allocate US$82 million to purchase IP tokens to establish an IP token reserve.
Nasdaq-listed Safety Shot announced the establishment of a BONK treasury
Nasdaq-listed Safety Shot announced a strategic alliance with the founding contributors of Bonk, launching the BONK Treasury Strategy. The company will reportedly receive $25 million worth of BONK tokens in exchange for the issuance of $35 million worth of preferred stock convertible into common stock.
Regulatory trends
According to Bitcoin Laws, the U.S. Wisconsin Senate has proposed a new bill, SB 386, which would require all Bitcoin ATMs to fully implement Know Your Customer (KYC). Transactions must include identity information, with a single transaction limit of $1,000, and the collection of other personal information to strengthen supervision.
Investment and Financing
Bitcoin mining company MARA Holdings Inc. will acquire a 64% stake in Exaion, a technology subsidiary of Electricité de France (EDF), for $168 million in cash. Under the agreement, MARA has an option to invest an additional $127 million to increase its stake to 75%. EDF will remain a minority shareholder. The acquisition aims to expand MARA's presence in artificial intelligence infrastructure.
Thumzup Media Corporation, a Nasdaq-listed company in which Trump's eldest son Donald Trump Jr. invests and holds cryptocurrency reserves, announced that it will issue pre-funded warrants in lieu of common stock to certain investors at a public offering price of $10 per share. The total amount of funds raised is expected to be $46.5 million. The transaction will be completed around August 12, 2025, subject to customary closing conditions. The company intends to use the net proceeds from this offering for the purchase of cryptocurrencies and mining equipment, working capital and general corporate purposes.
HashKey Exchange, a licensed Hong Kong virtual asset trading platform, has entered into a strategic partnership with Hutchison Medical, a Hong Kong-listed company. The two parties will collaborate in areas such as virtual asset allocation and industrial capital innovation, with a particular focus on developing a crypto vault and Web 3 healthcare asset trading ecosystem. Hutchison Medical has already purchased HK$149 million worth of Ethereum through HashKey Exchange, potentially becoming a pioneer in establishing an "Ethereum vault" on the Hong Kong stock market. HashKey Exchange will also further promote the compliant implementation and application of digital assets in traditional industries and the Hong Kong capital market.
Character Voice
According to chain analyst Ai Yi, in 2015, the total market capitalization of US stocks was $24 trillion, while the total market capitalization of cryptocurrencies was approximately $4 billion, a gap of approximately 6,000 times. In 2025, the total market capitalization of US stocks is $63 trillion, while the total market capitalization of cryptocurrencies is approximately $4 trillion, a gap of approximately 16 times. Of this, the total market capitalization of crypto-related stocks is $3.28 trillion, while Bitcoin's total reserves are $436.6 billion and Ethereum's total reserves are $12.6 billion. 121 listed companies on the US stock market are currently building crypto reserves. Over the past seven days, the total holdings of Ethereum reserves have increased by 700,000, and the ETH price has correspondingly risen by 25% ($3,354 > $4,176), with the growth curves being identical.
Nakamoto CEO says he will buy $1 billion worth of BTC tomorrow
Nakamoto CEO David Bailey posted on the X platform that he would buy $1 billion worth of BTC tomorrow. He wrote: "Ever since I came into contact with Bitcoin, I have always dreamed of buying $1 billion worth of Bitcoin in one go. Tomorrow this dream will come true."
Bernstein: Coinbase holds over 136,000 ETH and will benefit from rising ETH prices
Bernstein analysts led by Gautam Chhugani said that as ETH reaches its highest point in years and the altcoin rebound begins, Coinbase will benefit the most. They believe that the long tail effect of tokens supported by Coinbase, a large amount of staked assets and Base chain revenue can drive a surge in trading volume. In addition, Coinbase also holds 136,782 ETH reserves, worth US$570 million.
Trump Media & Technology Group: Bitcoin ETF to launch later this year
Trump Media & Technology Group announced that a Bitcoin ETF will launch later this year.
- 核心观点：加密货币市场波动加剧，监管与机构动作频繁。
- 关键要素：
- CEX主流币普跌，SUI、PEPE跌幅超4%。
- Paxos申请美国信托牌照，强化合规布局。
- Do Kwon或认罪，UST事件迎来转折。
- 市场影响：短期市场情绪承压，长期合规化加速。
- 时效性标注：短期影响。
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