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.
1. BMNR, the largest Ethereum holder, suffered a floating loss of over 9% of its holdings, amounting to nearly $200 million.
2. The Hong Kong RWA registration platform will be launched on August 7;
3. Registration for the Bitcoin restaking platform SatLayer airdrop is now open;
4. The Bank of England is expected to cut interest rates again next week, focusing on economic growth rather than inflation;
5. Communications platform Towns Protocol announced its token economics: 57% of tokens will be used for airdrops, grants, and other community initiatives;
6. The Satoshi Nakamoto statue in Lugano, Switzerland, which Tether co-created, was stolen.
7. Hong Kong Legislative Council member: There is no opportunity for speculation in stablecoins, and the regulations will be formulated with reference to peers in the United States, Japan, Singapore, and the European Union;
8. Sam Altman: The new model is scheduled to be released in the coming months, but there may be a capacity crisis during this period.
Odaily Planet Daily reports that the Hong Kong RWA registration platform will launch on August 7th. Initiated by the Hong Kong Web 3.0 Standardization Association, it will open up a full service system for the digitization, assetization, and financialization of RWA asset tokenization. (Science and Technology Innovation Board Daily)
According to Odaily Planet Daily, Nasdaq-listed Fundamental Global announced that it will change its name to FG Nexus after completing a definitive agreement for a $200 million private placement financing. This will better support its Ethereum-based financial strategy, focusing on blockchain innovation and the tokenized real-world asset (RWA) market. Additionally, the company has established a trust fund, FG CVR Trust, in Delaware to monetize and distribute proceeds from the liquidation of legacy assets and businesses. (Globenewswire)
In a recent interview with CoinGape, LBank Labs Head and Partner Czhang stated that LBank, with its rapid coin listing mechanism and continuous innovation, is becoming a hub for discovering early-stage "100x-coins." LBank has also launched the LBANK EDGE zone and integrated with xStock to offer tokenized US stock trading services. This, combined with a points-based reward system, creates a new user experience where "participation equals profit."
When it comes to project selection, Czhang emphasized sustainable growth, disruptive innovation, and strong execution as key factors in investment decision-making. He also analyzed current market trends, noting that Ethereum's tenth anniversary, progress in US crypto legislation, infrastructure upgrades, and the RWA boom are accelerating the integration of crypto assets into the mainstream financial system, injecting new momentum into the industry. He also shared unique insights on the universal applicability of MicroStrategy's Bitcoin allocation strategy.
