According to SoSoValue data, Ethereum spot ETFs saw a net inflow of US$154 million last week (July 28 to August 1, US Eastern Time). It is worth noting that among the nine ETFs, only ETHA achieved a net inflow.

The Ethereum spot ETF with the largest weekly net inflow last week was Blackrock's ETF ETHA, with a weekly net inflow of US$394 million. The total historical net inflow of ETHA has now reached US$9.74 billion.

The Ethereum spot ETF with the largest net outflow last week was Fidelity ETF FETH, with a weekly net inflow of US$72.05 million. The current historical total net inflow of FETH has reached US$2.27 billion. The second largest was Grayscale Ethereum Trust ETF ETHE, with a weekly net outflow of US$53.8 million. The current historical total net outflow of ETHE has reached US$4.34 billion.

As of press time, the total net asset value of the Ethereum spot ETF was US$20.11 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 4.70%, and the historical cumulative net inflow has reached US$9.49 billion.

According to DeFiLlama data, Ethena's synthetic stablecoin, USDe, has reached a market capitalization of $9.293 billion, a 75.13% increase over the past month. USDe is currently the third-largest stablecoin by market capitalization, behind only USDT and USDC.

According to official news from Odaily Planet Daily, Gate Alpha's trading volume has continued to grow since the launch of its new points trading system on July 29, and has increased by 380% as of today.

On August 3, the top three currencies in Gate Alpha’s daily trading volume were: KOGE, BR, and NAORIS.

Gate Alpha now supports popular public chains such as SOL, ETH, BNB Chain and Base. Users can use USDT in their spot accounts to directly purchase popular assets on the chain without manually switching chains, recharging or authorizing.

According to SoSoValue data, the crypto market rebounded after a sustained decline, with all sectors generally seeing gains of approximately 2% to 6%. The PayFi sector led the gains with a 24-hour gain of 6.58%. Within the sector, XRP, Telcoin (TEL), and Stellar (XLM) rose by 6.86%, 9.67%, and 10.94%, respectively. Meanwhile, Ethereum (ETH) rose by 3.23%, breaking through $3,500. Bitcoin (BTC) rose by 1.22%, rebounding to $114,000.

Notably, MAG 7.ssi rose 2.73%, MEME.ssi rose 4.78%, and DEFI.ssi rose 5.54%.

Other sectors with outstanding performance include: the NFT sector rose 4.94% in 24 hours, among which Pudgy Penguins (PENGU) rose 8.49%; the DeFi sector rose 4.64%, Ethena (ENA) rose sharply by 15.07%, and Jupiter (JUP) rose 6.30%; the RWA sector rose 4.63%, Pendle (PENDLE) and Keeta (KTA) rose by 6.46% and 13.08% respectively.

In other sectors, the Meme sector rose 3.69%. Within the sector, Pump.fun (PUMP) and Bonk (BONK) rose 7.08% and 7.60% respectively; the Layer 2 sector rose 3.32%, the Layer 1 sector rose 2.42%, and Hedera (HBAR) rose 7.02%; the CeFi sector rose 1.80%, and Cronos (CRO) rose 3.44%.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiPayFi, ssiNFT, and ssiDeFi indices rose by 6.92%, 6.71%, and 5.57%, respectively.

Odaily Planet Daily reported that trader Eugene Ng Ah Sio posted on his personal channel that he is cautiously optimistic about the DAT "Decentralized Asset Trusts" craze. This craze is nearing its peak but has not yet ended. This may be the last chance for altcoins to usher in a large-scale bull market with the help of global capital.

It's now clear that most capital is either unable or unwilling to cross the cryptocurrency chasm by directly purchasing tokens. Current DATs are suboptimal (but similar) replicas of altcoin ETFs. We haven't yet seen a real case of DATs driving significant inflows into a particular altcoin, but I believe this is quite possible given the enthusiasm for Ethereum (ETH) in traditional finance (TradFi). In theory, these inflows should dwarf the performance of other crypto-native projects, but the market remains underappreciated. While I believe DATs may be nearing a top, the biggest frenzy has yet to occur.