1. Popular CEX currencies

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

1. BNB -0.70%
2. BTC +0.17%
3. ETH -1.38%
4. SOL +3.90%
5. DOGE +0.69%
6. XRP -0.64%
7. PEPE -0.39%
8. RLC +42.26%
9. ADA -1.16%
10. LINK -2.35%

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

1. CRO +67.06%
2. LPT +33.98%
3. NMR +10.19%
4. UMA +9.97%
5. JTO +9.92%
6. LRC +7.89%
7. PHA +7.68%
8. JUP +7.59%
9. MOVR +7.07%
10. KNC +6.88%

2.24 Hour Hot Search Coins

• CRO: Cronos is the native token of Crypto.com and the core functional currency of its flagship public blockchain, Cronos Chain. It is widely used for platform transaction discounts, payments, DeFi and GameFi applications, and as a reward and payment tool on the Truth Social platform. CRO has seen a significant surge in value over the past 24 hours, primarily driven by the Trump Media Group and Crypto.com partnership to create a $6.4 billion digital asset treasury, which will integrate CRO into the Truth Social platform and support the wallet ecosystem. This resulted in a surge of approximately 40% in CRO's value, with trading volume exceeding $1 billion and a significant increase in the number of active addresses on the chain.
• NMR: Numeraire is an ERC-20 governance token launched by Numerai. Embedded in Erasure Protocol, a prediction platform centered around AI and data science, it is primarily used for staking, model staking, and a rewards mechanism. Accurate models are rewarded with NMR, while inaccurate ones lose their staked tokens. NMR has seen a dramatic surge in the past 24 hours: some sources indicate a price increase of over 140% to an intraday high of $19.55. This surge was driven by reports that JPMorgan Chase has invested $500 million in Numerai, significantly boosting market confidence.

Headlines

PetroChina: Exploring the possibility of cross-border settlement with stablecoins

Wang Hua, CFO of PetroChina (00857), said at the half-year results conference that the company is closely following the Hong Kong Monetary Authority's intention to issue licenses to stablecoin issuers and is studying the possibility of cross-border settlement and payment through stablecoins.

Cronos (CRO) on-chain transaction volume surged 30% in the past 24 hours

According to cronoscan data, following the recent announcement of Trump Media & Technology Group's CRO strategy, CRO has reached a nearly three-year high. Activity on the Cronos chain has also surged. Over the past 24 hours, Cronos chain transactions reached 386,767, a 29.53% surge. Total transaction fees reached 24,325 CRO, a 31.26% surge. The average transaction fee reached 0.0164 CRO, a 31.73% surge.

Industry News

White House economic adviser: Recommends Fed Governor Tim Cook take temporary leave during litigation

White House National Economic Council Director Kevin Hassett said Wednesday that Lisa Cook should take a leave of absence pending litigation over her future on the Federal Reserve Board. "If I were in her shoes, I would be on leave now," Hassett told reporters on Wednesday, adding that he believed it was the "decent thing to do." Hassett said he believed the president had the authority to fire Cook: "The president absolutely has the authority to fire a Fed governor for just cause, and I believe these allegations are serious." Trump sent a letter to Cook on Monday, announcing his "immediate removal" of her from office, citing allegations by White House allies that she improperly claimed two properties as primary residences on two mortgage applications. Trump had previously publicly considered nominating Hassett as the next Fed chair.

Valour launches 8 ETPs including ONDO, CRO, and SHIB on the Swedish Spotlight Stock Market

Valour, a subsidiary of Nasdaq-listed DeFi Technologies, announced the launch of eight Swedish krona-denominated cryptocurrency exchange-traded products (ETPs) on the Swedish Spotlight Stock Market. The tokens involved include: Shiba Inu (SHIB), Pi (PI), Ondo (ONDO), Cronos (CRO), Mantle (MNT), VeChain (VET), Ethena (ENA), and Celestia (TIA).

Project News

MANTRA announces first round of $25 million strategic buyback of OM tokens

MANTRA announced on the X platform its first strategic buyback of $25 million in OM tokens, supported by key investors and stakeholders. Together with Inveniam's previous $20 million investment, this brings the total committed capital to $45 million. The buyback program will be executed by MANTRA AG and conducted transparently over several months at close to market prices across multiple centralized exchanges. The repurchased OM tokens will be withdrawn from exchanges as ERC-20 tokens, subsequently migrated to the MANTRA mainnet, and staked to validator nodes.

Nasdaq-listed KindlyMD plans to issue $5 billion in shares to expand its Bitcoin treasury business

KindlyMD, a Nasdaq-listed healthcare services company, announced on Tuesday that it has filed a shelf registration statement for an on-market offering of up to $5 billion in common stock. The company said it plans to use the net proceeds for general corporate purposes, including expanding its Bitcoin treasury. The company's press release stated that the plan allows the company to offer and sell up to $5 billion worth of common stock through various sales agents, including TD Securities, Cantor Fitzgerald, and B. Riley Securities.

Investment and Financing

The Clearing, a new forecasting platform founded by former Polymarket and Kalshi employees, has raised $15 million in funding, led by USV.

The Clearing Company, a prediction market platform founded by former Polymarket and Kalshi employees, announced the completion of a $15 million seed round led by Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, and Compound. The Clearing Company will compete with market leaders Polymarket and Kalshi. According to the company's website, Toni Gemayel, formerly Head of Growth at Polymarket and Kalshi, will serve as CEO of The Clearing Company. The startup also counts former Polymarket employees among its staff.

Singapore blockchain technology company GrowHub plans to raise $15 million in Nasdaq IPO

Singaporean blockchain technology company THE GROWHUB LIMITED (GrowHub) announced that it will launch an initial public offering (IPO) on the Nasdaq, issuing a total of 3,750,000 Class A common shares at a price of US$4.00 per share, raising a total of US$15 million. The IPO will be listed on the Nasdaq on August 28th local time under the stock code "TGHL". It is reported that the blockchain technology platform built by the company is mainly used to verify the authenticity and traceability of products in the supply chain.

Tokenization platform Centrifuge receives investment from Republic Digital

Republic Digital, a subsidiary of Republic, announced an investment in Centrifuge, an asset tokenization platform, further strengthening its digital asset and tokenization strategy. Republic is the world's largest online capital formation platform, with over $165 million in assets under management. Centrifuge specializes in tokenizing financial products and has tokenized over 1,700 assets to date, raising $1.15 billion in funding. Republic did not disclose the investment amount, but stated that the move demonstrates its commitment to RWA becoming "the foundation of the next generation financial system."

Character Voice

CZ: Non-financial RWAs may face liquidity shortages, and stock tokenization is the general trend

At an event at the University of Hong Kong, Binance founder CZ stated that RWAs are not as easy as imagined, especially for non-financial RWA assets that lack strong tradability and can suffer from illiquidity. RWAs, or the tokenization of real-world assets, have recently become a hot topic in Hong Kong's financial markets.

Tom Lee: ETH will rise to $5,500 in the next few weeks and reach $10,000 to $12,000 by the end of the year

BitMine Chairman Tom Lee stated in an interview with amit Live that Ethereum will rise to $5,500 in the coming weeks and reach between $10,000 and $12,000 by the end of the year. Previously, Lee stated in an exclusive interview that Ethereum is becoming the blockchain platform of choice for Wall Street institutions and that its native token, ETH, is currently severely undervalued. He predicted that ETH will break through $4,000 in the short term and is expected to reach the $10,000-$15,000 range by the end of the year.

Former Governor of the Central Bank of China: The development of stablecoins requires multi-dimensional balance and supervision

According to a report from the Finance 40 Forum, Zhou Xiaochuan, former governor of the People's Bank of China, recently expressed his views, comprehensively examining the development prospects and potential risks of stablecoins from six perspectives. He pointed out that stablecoins could lead to excessive money supply and high leverage, amplifying risks, with these amplifying effects manifesting through deposit and lending, mortgage financing, and asset market transactions. Zhou questioned the practical need for decentralization and tokenization, arguing that the existing centralized account system performs well. He emphasized the need to guard against price manipulation in the stablecoin market and that commercial institutions issuing stablecoins should balance profit motives with a public service spirit. He also noted that cross-border payment applications have limited appeal. Zhou called for a multi-dimensional analysis of the development path of stablecoins to avoid one-sided thinking and imprecise use of concepts.

Former Federal Reserve economist: Trump's impact will last for a decade, the Fed should avoid "going to war"

Claudia Sahm, a former Federal Reserve economist and founder of the "Sahm Rule," wrote that Trump's attempt to remove Fed Governor Tim Cook blatantly escalates the administration's long-standing pressure on the Fed and represents a direct attack on its independence. Cook's term expires in 2038, and Trump should have no influence over her position. However, he is attempting to reshape the Federal Open Market Committee, with implications not only in the near term but also for the next decade. If Powell remains on the board, it will send a message to the White House that its pressure campaign will come at a cost: he will become the "shadow Fed chair" the White House wants to avoid. The Fed should not engage in a "war" with the White House, as it cannot win, and fighting elected officials should be avoided at all costs.