24H Trending Coins & Headlines | Bitcoin briefly broke $80,000 this morning; Wang Chun has cumulatively reduced his ETH position by $55.06 million during this rally (August 25)
- Key Insights: Bitcoin briefly broke $80,000, SOL surged over 7% to surpass $100, and market sentiment is high; meanwhile, regulatory developments are frequent, including China's plan to implement filing management for residents' overseas personal investments, Japan's plan to relax restrictions on large stablecoin payments, and Coinbase-affiliated organizations positioning for the U.S. midterm elections.
- Key Elements:
- Among the Top 10 CEX trading volumes, SOL led gains at +7.35%, while ENA saw the largest decline at -4.66%; in the 24-hour gainers chart, ARG led with +28.42%, and the crypto-equity sector's BTCT.M surged +68.42%.
- Trending on-chain Memes are concentrated on Solana, Base, Robinhood Chain, and BSC, with CVXV666 and Basecat ranking in the top two.
- F2Pool co-founder Wang Chun's address has cumulatively reduced 23,378 ETH (worth $55.06 million) since the start of this rally, at an average price of approximately $2,355, with another 6,609 ETH sold 10 hours ago.
- The National Development and Reform Commission (NDRC) plans to revise the "Measures for the Administration of Outbound Investment," bringing individual residents under regulatory scope, requiring approval documents or filing notices before overseas investments are executed.
- A Fidelity fund manager doubled his gold position to the 5% cap, betting on a Fed credibility crisis and the declining safe-haven status of the U.S. dollar; if the trend persists, he may consider raising the cap.
- Coinbase-affiliated Stand With Crypto has endorsed 32 House candidates, plans to release its Senate list before the midterm elections, aligning with the first vote on the CLARITY Act.
- Japan's Financial Services Agency plans to relax regulatory restrictions on trust bank stablecoin issuance, eliminating document submission procedures, allowing single transactions to exceed 1 million yen, applicable to large payments in sectors such as automotive and real estate.
1. Top CEX Tokens
Top 10 by CEX trading volume and 24-hour change:
- BTC: +2.87%
- ETH: +1.38%
- SOL: +7.35%
- XRP: +0.96%
- BNB: +1.18%
- ZEC: +1.09%
- DOGE: -0.59%
- ENA: -4.66%
- SUI: -2.82%
- TRUMP: -3.91%
24-hour gainers (data source: OKX):
- ARG: +28.42%
- CSPR: +14.79%
- VELODROME: +9.75%
- VIRTUAL: +9.44%
- VINE: +8.97%
- RAY: +8%
- POL: +7.85%
- ME: +7.32%
- INJ: +7.19%
- SOL: +7.03%
24-hour crypto-equity gainers (data source: msx.com):
- BTCT.M: +68.42%
- SRM.M: +51.49%
- AAOZ.M: +27.44%
- AXTQ.M: +16.48%
- SNDQ.M: +15.93%
- SKDD.M: +12.07%
- BTCS.M: +9.63%
- COHQ.M: +9.42%
- LITZ.M: +8.75%
- ABTC.M: +8.58%
- SOXS.M: +8.48%
- DEFT.M: +7.84%
2. Top 5 On-chain Meme Tokens (data source: GMGN):
- CVXV666（Solana）
- Basecat（Base）
- MARTIANS（Robinhood Chain）
- Sue（BSC）
- BNBCAT（BSC）
Headlines
Bitcoin briefly broke above $80,000 this morning
According to market data, Bitcoin briefly broke above $80,000 this morning and is currently trading near $79,700.
SOL broke above $100, surging over 7% in 24 hours
According to market data, SOL broke above $100 and is currently trading at $101, up over 7% in 24 hours.
According to on-chain analyst Ember CN's monitoring, Wang Chun's address (0xF42...2b51), co-founder of F2Pool, offloaded another 6,609 ETH worth $16.63 million 10 hours ago. Since this rally began, the address has cumulatively offloaded 23,378 ETH worth $55.06 million, at an average price of approximately $2,355.
Industry News
The National Development and Reform Commission (NDRC) has released the "Measures for the Administration of Outbound Investment (Draft for Comments)" to solicit public feedback from August 21 to September 20, 2026.
The draft expands the scope of investors from enterprises to include domestic enterprises, other organizations, and individual residents, and clarifies that reinvestment abroad by investors also falls under outbound investment. In the regulatory framework for outbound investment, regarding the classification of outbound investments, division of regulatory responsibilities, and procedures and timelines for approval and record-filing, investors are required to obtain outbound investment approval documents or record-filing notices before implementing outbound investments. For individual residents newly included as investors, the approval authority is the NDRC, while the record-filing authority is the provincial development and reform department at their place of household registration or habitual residence.
A portfolio manager at Fidelity International stated that his fund's gold holdings have doubled over the past three weeks, citing increasing uncertainty in Fed policy as the catalyst for this move. After raising the gold allocation in his fund to the 5% ceiling he set for himself, George Efstathopoulos said he would consider raising that ceiling if the dollar's status as a safe-haven asset continues to decline. Following the Fed's July meeting, investors rushed to sell long-term Treasuries, and it was against this backdrop that George began accumulating gold.
Stand With Crypto, the crypto advocacy organization led by Coinbase, announced that it has officially endorsed 32 House candidates, including both Democratic and Republican nominees, such as Republican Representatives Tom Emmer and Bill Huizenga, as well as Democratic Representatives Ritchie Torres and Josh Gottheimer, all of whom are crypto industry supporters.
The organization stated that it will release its endorsement list for Senate candidates as the US midterm elections approach. The move comes as the Senate prepares to return to Washington next month for the first vote on the CLARITY Act (crypto market structure bill). The bill aims to further clarify the regulatory framework for digital assets by delineating the respective responsibilities of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing the crypto market.
Japan to Ease Restrictions on Large Stablecoin Payments, Single Transactions Could Exceed ¥1 Million
Japan's Financial Services Agency (FSA) is pushing to relax regulatory restrictions on stablecoins issued by trust banks and plans to eliminate procedures such as document submissions. Stablecoins would be usable for large-value payment scenarios such as automobile and real estate purchases, with single transactions potentially exceeding ¥1 million. The relevant measures will be incorporated into the tax reform proposal set to be finalized shortly.
Project News
Phantom and Sui have decided to discontinue support for Sui on Phantom effective September 24, while keeping the door open for exploring other forms of collaboration in the future. Before September 24, users can migrate their wallets to other applications that support Sui, or convert their Sui into other assets supported by Phantom, with related conversion fees waived.
Fundraising & Investments
EntropyIO Completes $14 Million Funding Round and Secures $40 Million in HYPE Staking Support
EntropyIO announced the completion of a $14 million funding round led by Ribbit Capital, along with $40 million worth of HYPE staking support. Its first markets have gone live on Hyperliquid.
EntropyIO stated that it has launched the first liquid Anthropic trading market and plans to further expand coverage to pre-IPO startups, computational resources, listed companies, and global indices, enabling around-the-clock trading.
People & Voices
Robinhood CEO: Loves Cryptocurrency, Optimistic About Bitcoin Long-Term
Robinhood CEO Vlad Tenev sat down for a video interview with the overseas podcast The Iced Coffee Hour. During the interview, Tenev said he personally uses Robinhood for trading and had previously dabbled in cryptocurrency for a period. He expressed a genuine fondness for crypto and enjoys "fighting in the trenches" alongside the community. Unfortunately, Tenev noted that he no longer posts on Reddit, though he did use the platform when he first started using Robinhood.
Tenev also shared his views on Bitcoin. He said his investment portfolio is fairly diversified and that he is optimistic about Bitcoin over the long term, though he refrains from making predictions such as Bitcoin reaching $1 million.
Strive CEO: Bear Market Is Over, Strongest Bitcoin Bull Run in History May Be Coming
The CEO of Strive stated that the crypto market's bear market is over and the strongest Bitcoin bull run in history may be on the horizon.
He believes three forces are converging to create a market environment for Bitcoin unlike anything seen before: a prolonged weakness in the US dollar, rising demand for scarce assets in the AI era, and the resurgence of the BTC/gold ratio.
Arthur Hayes: ETH Will Outperform All Other Large-Cap Tokens in This Market Rebound
Arthur Hayes recently gave a video interview on the Altcoin Daily podcast. During the interview, Hayes once again expressed his aggressively bullish view on ETH: "In this liquidity-driven rebound in the crypto market, it will outperform all other large-cap crypto assets."
Glassnode: 85% of Altcoin Funding Rates Above Average, Market Enters Optimistic Phase
Glassnode stated that the altcoin market has entered an optimistic sentiment phase, with 85% of altcoins currently seeing funding rates above their respective averages — the highest level for this metric since Bitcoin's previous all-time high. Glassnode noted that during altcoin seasons, this funding rate condition can persist for several weeks.
