1. Popular CEX currencies

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

1. BNB -0.51%
2. BTC -1.43%
3. ETH +0.42%
4. SOL +1.11%
5. ADA +0.09%
6. DOGE -1.36%
7. XRP -0.44%
8. PEPE -3.29%
9. LINK -1.52%
10. SUI -1.00%

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

1. PSTAKE +11.15%
2. ONT +8.52%
3. GLMR +7.70%
4. POL +5.14%
5. MASK +4.82%
6. ORBS +3.82%
7. RPL +3.64%
8. AERGO +3.60%
9. ZBCN +3.47%
10. BAL +3.45%

2.24 Hour Hot Search Coins

• BIO: Bio Protocol is a governance token that promotes decentralized science (DeSci). It primarily supports BioDAOs to fund and manage new drug development and scientific research projects. Over the past 24 hours, BIO's price has risen by approximately 3% to 4%, currently hovering between $0.246 and $0.250. Trading volume remains active, with fluctuations between approximately $0.220 and $0.321.
• WLFI: World Liberty Financial's WLFI is a token for a DeFi project associated with the Trump family, primarily used for ecosystem governance and incentives. Over the past 24 hours, WLFI's price has fluctuated significantly, with data showing significant discrepancies across different trading platforms. Due to low liquidity and fragmented market data, WLFI carries a high investment risk, and its price performance is susceptible to significant influence from the actions of a single exchange or institution.

Headlines

WLFI tokens will soon be tradable and transferable, and 20% of tokens will be unlocked for early supporters

According to official news, WLFI tokens will open for trading and initial redemption at 20:00 (UTC+8) on September 1st. Early supporters will be able to claim a 20% share simultaneously. WLFI tokens will also be listed on DeFi DEXs and major CEXs. Detailed information will be announced in the coming days.

The Hong Kong Monetary Authority plans to implement the Basel capital requirements for crypto assets on January 1, 2026, which may affect banks' willingness to manage stablecoins and RWA assets.

The Hong Kong Monetary Authority recently issued a circular confirming that new bank capital requirements based on the Basel Committee on Banking Supervision's cryptoasset regulatory standards will be fully implemented in Hong Kong starting January 1, 2026. This includes not only cryptoassets like Bitcoin and Ethereum, but also RWAs and stablecoins. Industry insiders point out that Ethereum is a prime example of permissionless blockchain technology, while almost all mainstream stablecoins and a growing number of RWAs are generally issued on public blockchains. With the expected implementation of the new regulations, the Hong Kong banking system's willingness to hold such stablecoins or RWAs will inevitably be affected.

Industry News

CICC: The probability of the Federal Reserve cutting interest rates in September has increased significantly

According to a research report by CICC, Federal Reserve Chairman Powell pointed out at the Jackson Hole Central Bank Annual Meeting that the United States is facing the dual challenges of inflationary pressure and a cooling labor market, but particularly emphasized the economic downturn risks shown by the cooling labor market. His dovish remarks greatly increased the probability of a rate cut in September, and the US dollar index plunged.

Analysis: Powell's speech suggests a high probability of consecutive rate cuts starting in September

Market strategist Art Hogan said Powell's ability to speak of a shifting balance of risks, and therefore policy may need to adjust accordingly, is a clear signal that he's willing to support future rate cuts, potentially in September, October, and December. In other words, the driver is clearly coming from labor market weakness, not the core commodity price increases we've seen due to tariffs... The clear message to the market is: a September cut is now very likely.

Powell: Fed can "move cautiously" when considering adjusting policy stance because unemployment remains stable

Federal Reserve Chairman Powell said that the stable unemployment rate allows the Fed to "act cautiously" when considering adjusting its policy stance and not allow a one-time price increase to turn into a persistent inflation problem.

Market News: The Philippine House of Representatives proposed a bill to establish a strategic Bitcoin reserve

Bitcoin Magazine officially published an article on the X platform stating that market news said that the Philippine House of Representatives proposed a bill to establish a strategic reserve of Bitcoin.

Project News

Ripple and SBI Holdings sign a memorandum of understanding to issue RLUSD in Japan

Ripple has signed a memorandum of understanding with Japanese financial services company SBI Holdings, clarifying that SBI VC Trade (a licensed electronic payment service provider in Japan and an SBI subsidiary) plans to issue RLUSD in Japan in the first quarter of 2026.

BlackRock's Ethereum ETF's holdings exceed $15 billion

BlackRock's official data shows that its Ethereum exchange-traded fund, the iShares Ethereum Trust ETF (ETHA), holds 3,541,277.77120 ETH, with a market value exceeding $15 billion, reaching $15,072,067,734.78 as of August 21. Historical data shows that the market value of BlackRock's Ethereum ETF's holdings exceeded $10 billion on July 23 of this year, representing a roughly 50% increase over the past month.

Wormhole has officially made an offer to acquire Stargate, intending to acquire it for at least 120 million USDC.

The Wormhole Foundation has officially made an acquisition offer for Stargate, planning to acquire Stargate with an initial offer of at least 120 million USDC. This offer is higher than LayerZero's $110 million and will adopt a cash payment model rather than a token exchange model.

Investment and Financing

Analyst: DWF Labs is the market maker for WLFI, and there is a high probability that other market makers will also be involved.

On-chain analyst Ai Yi published a summary of the costs of WLFI's current public rounds on her personal channel, revealing that DWF Labs is now the market maker for WLFI, and that the project is likely to have other market makers. Data shows that Web 3 Port received 200 million WLFI tokens in a strategic round (costing $0.05), DWF Labs received 250 million WLFI tokens in a strategic round (costing $0.1), and ALT 5 Sigma Corporation acquired 7.5 billion WLFI tokens through an equity acquisition (costing $0.2).

Huaxing Capital and YZi Labs signed a memorandum of understanding, planning to invest approximately $100 million in BNB assets.

According to an announcement from the Hong Kong Stock Exchange, China Renaissance Capital announced the signing of a strategic cooperation memorandum with YZi Labs Management Ltd., planning to deepen collaboration around the Binance Coin (BNB) and BNB Chain ecosystem. According to the memorandum, China Renaissance Capital will invest approximately US$100 million in a dedicated allocation of BNB assets, becoming the first Hong Kong-listed company to include BNB in its digital asset portfolio and promoting the listing of BNB on a licensed virtual asset exchange in Hong Kong.

Ethereum treasury firm SharpLink's board approves $1.5 billion share buyback plan

SharpLink, a Nasdaq-listed Ethereum treasury company, has officially announced that its board of directors has approved a share repurchase program of up to $1.5 billion. The program is intended to enhance market support and optimize capital allocation. The timing and amount of repurchases will depend on market conditions, stock price, trading volume, and other factors.

Character Voice

Arthur Hayes: I haven't paid attention to WLFI's valuation. Trump's children have the final say on token distribution.

Regarding the official announcement that the Trump family's crypto project, WLFI, will launch on September 1st, Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, said in an exclusive interview with Odaily Planet Daily: "I haven't looked at WLFI's valuation. To be honest, I don't quite understand what the project is about. Is it positioned as a hedge fund or a DApp store? I haven't paid attention and don't care. As for the impact on the crypto market, the Trump children have the power to decide which DeFi projects to allocate WLFI tokens to, but I haven't investigated, so I won't elaborate further."

Arthur Hayes: Bitcoin could reach $250,000 by the end of the year, and the Federal Reserve will be more aligned with Trump's ideas

Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, said in an interview with Odaily Planet Daily: "Powell's easing this time will accelerate the pace of dollar issuance and the Federal Reserve will be more aligned with Trump's ideas. Bitcoin could reach $250,000 by the end of the year."

Yi Lihua: ETH's target is to exceed $10,000 and it has consistently outperformed BTC during the interest rate cut cycle

Liquid Capital founder Yi Lihua posted on the X platform: "As we expected, after ETH broke through its all-time high, the next target was to reach a new high for the BTC exchange rate, with ETH's target exceeding $10,000. During the interest rate cut cycle, ETH has consistently outperformed BTC, and at the same time, mainstream cryptocurrencies are experiencing a rally (including ETH ecosystem leaders ENA, AAVE, Pendle, UNI, as well as SOL, TON, LTC, etc.). Once again, avoid shorting and increase your positions during pullbacks. In a bull market, don't be afraid of high prices, and don't use high leverage to prevent short-term pullbacks. Focus on exploring OTC income."

Tom Lee: Ethereum's market capitalization is highly likely to surpass Bitcoin, just like the US dollar decoupling from the gold standard

Tom Lee, the new chairman of BitMine, said in a recent interview: "I think there is a very high probability, perhaps even as high as 50%, that Ethereum's market capitalization will surpass Bitcoin." He also said, "It's like the dollar leaving the gold standard in 1971."