Today's news tips:
Data: Hong Kong virtual asset ETF trading volume exceeds HK$100 million again after 2 months
BNC, a listed company, bought 200,000 BNB, with a transaction value of approximately US$160 million.
Macro
According to Jinshi.com, Ant Group has noticed online news claiming that "Ant Group, the People's Bank of China, and China Rare Earth Group are jointly building the world's first rare earth RMB stablecoin," and is using this to mislead investors into paying attention to related sectors. Ant Group stated that it has never had such plans with relevant institutions. The public is advised to be careful to identify and beware of being deceived.
According to Jinshi, the president of the Singapore Exchange (SGX) stated that the exchange may list cryptocurrency perpetual futures contracts before the end of the year. Cryptocurrency trading is not suitable for retail investors, and cryptocurrency products will be launched to meet institutional demand.
According to 8marketcap data, Bitcoin's market value has once again surpassed Amazon, reaching 2.421 trillion US dollars, rising to sixth place in the global mainstream asset ranking.
U.S. Treasury Secretary: Leading the search for Powell's successor
According to CCTV News, on August 10 local time, U.S. Treasury Secretary Benson said that he is taking the lead in searching for a successor to U.S. Federal Reserve Chairman Powell.
Viewpoint
CryptoQuant analyst CryptoOnchain noted that Ethereum market leverage is nearing all-time highs (ELR at 0.68), with Binance's leverage ratio being relatively low (0.52), suggesting higher leverage usage on other exchanges. Furthermore, Binance's net inflows are significantly higher than the exchange-wide average, potentially signaling localized selling pressure. Bullish factors in the medium term include institutional demand and network growth: US Ethereum spot ETFs saw record daily net inflows of $726.6 million, with total holdings exceeding 5M ETH (approximately $20.3 billion). Ark Invest and Fundamental Global purchased 30,755 ETH and allocated $200 million to Ethereum treasury, respectively, demonstrating growing institutional confidence. Meanwhile, on-chain transaction volume reached new highs, staking participation continues to grow, clear regulatory support for liquidity staking, and upcoming upgrades (Pectra and Fusaka) will further enhance Ethereum's scalability and utility. Short-term volatility risks are heightened, with high leverage, resistance testing, and exchange inflows potentially triggering significant downside volatility. However, strong institutional inflows, ETF demand, and network upgrades are expected to limit significant corrections and support the long-term uptrend. Key levels: Support range: $3,980–$4,020, resistance range: $4,450–$4,550.
According to Matrixport analysis, the price of Ethereum broke through the $4,000 mark, setting a new high since the end of 2021. This round of growth was mainly driven by institutional buying and a wave of short liquidation. The on-chain daily transaction volume exceeded 1.8 million, and more than 30% of the supply was pledged. In addition, the SEC ruled that liquidity pledge tokens are not securities, which brought important regulatory benefits to the industry and further enhanced market confidence. Some listed companies have accelerated their layout, and the scale of ETH held in their vaults has exceeded US$3.5 billion, an increase of nearly tenfold over last year. The next market target may be US$4,362, and the historical high of US$4,892 remains the final milestone.
According to Jinshi Data, Citigroup raised its year-end target for the S&P 500 from 6,300 to 6,600. Stuart Kaiser, Citigroup's head of US options strategy, stated that its derivatives trading desk has recently seen a significant increase in demand from asset management clients for products that short the iShares index or junk bond benchmarks. This may reflect macro investors' expectations for future market direction or indicate they are hedging against a potential correction in risky asset prices. Kaiser noted that hedging credit risk suggests a reasonable stock market correction over the next three months.
According to Jinshi Data, Bank of America's August fund manager survey showed that investors, driven by optimistic earnings and improving economic sentiment, have once again poured into the stock market. "Long the Big Seven" has become the most crowded trade, including large tech stocks like Nvidia and Microsoft. The survey covered 169 fund managers, representing $413 billion in assets under management, with 45% of respondents considering this trade the hottest. Global investor sentiment reached its highest level since February 2025, with only 5% of institutions betting on a hard landing. Equity allocations increased to a net 14%, the highest level so far this year, but still down from 49% in December of last year. Furthermore, 78% of respondents expect short-term interest rates to fall over the next 12 months, with trade wars and inflation cited as key tail risks.
CryptoQuant analyst CryptoOnchain noted that Ethereum market leverage is nearing all-time highs (ELR at 0.68), with Binance's leverage ratio being relatively low (0.52), suggesting higher leverage usage on other exchanges. Furthermore, Binance's net inflows are significantly higher than the exchange-wide average, potentially signaling localized selling pressure. Bullish factors in the medium term include institutional demand and network growth: US Ethereum spot ETFs saw record daily net inflows of $726.6 million, with total holdings exceeding 5M ETH (approximately $20.3 billion). Ark Invest and Fundamental Global purchased 30,755 ETH and allocated $200 million to Ethereum treasury, respectively, demonstrating growing institutional confidence. Meanwhile, on-chain transaction volume reached new highs, staking participation continues to grow, clear regulatory support for liquidity staking, and upcoming upgrades (Pectra and Fusaka) will further enhance Ethereum's scalability and utility. Short-term volatility risks are heightened, with high leverage, resistance testing, and exchange inflows potentially triggering significant downside volatility. However, strong institutional inflows, ETF demand, and network upgrades are expected to limit significant corrections and support the long-term uptrend. Key levels: Support range: $3,980–$4,020, resistance range: $4,450–$4,550.
Project News
According to The Block, the LayerZero Foundation proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. Under the terms of the proposal, the STG token will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a rate of 1 STG to 0.08634 ZRO, equivalent to $0.1675 per STG and $1.94 per ZRO. Stargate will be incorporated into the LayerZero Foundation, and its DAO will be dissolved. The proposal states: "This proposal aims to accelerate the development of Stargate and LayerZero, providing Stargate with resources to enable it to implement an aggressive roadmap and expand its privileges beyond bridging, while deeply connecting a powerful revenue-generating protocol to the LayerZero ecosystem, allowing end consumers to have deeper access to LayerZero."
Binance Alpha Points: 227+ in Phase 1 to claim 525 SatLayer tokens (SLAY) airdrop
Binance Alpha will be the first platform to list SatLayer (SLAY). Trading on Alpha will begin at 6:00 PM Beijing Time on August 11, 2025. Eligible users can claim a 525-point airdrop using Binance Alpha Points within 24 hours of the launch of trading. The airdrop will be distributed in two phases: a minimum of 227 points is required in the first phase (the first 18 hours), and a minimum of 200 points is required in the second phase (the last 6 hours). The point threshold will automatically decrease by 15 points every hour while all rewards remain.
Binance: Hold at least 200 Alpha Points to claim 800 XCX tokens airdrop
According to an official Binance announcement, trading of the Xeleb Protocol (XCX) Alpha will begin at 4:00 PM (UTC+8) on August 11th. After trading begins, users holding at least 200 Binance Alpha Points will be eligible to claim an 800-token airdrop of XCX tokens. This airdrop will be distributed on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends. Claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Important data
Data: Hong Kong virtual asset ETF trading volume exceeds HK$100 million again after 2 months
Hong Kong stock market data shows that as of the close, the trading volume of all Hong Kong virtual asset ETFs today was approximately HK$106.3 million. Among them: The transaction volume of Hua Xia Bitcoin ETF (3042.HK/9042.HK/83042.HK) was HK$41.1436 million, and the transaction volume of Hua Xia Ethereum ETF (03046.HK/09046.HK/83046.HK) was HK$50.25951 million; The transaction volume of Harvest Bitcoin ETF (03439.HK/09439.HK) was HK$2.1735 million, and the transaction volume of Harvest Ethereum ETF (03179.HK/09179.HK) was HK$4.46454 million; The transaction volume of Bosera Bitcoin ETF (03008.HK/09008.HK) was HK$2.3398 million, and the transaction volume of Bosera Ethereum ETF (03009.HK/09009.HK) was HK$5.89958 million. Earlier news on June 6, data: Hong Kong virtual asset ETF's transaction volume today was approximately HK$126.9 million.
According to SoSoValue data, Ethereum spot ETFs saw a net inflow of $327 million last week (August 4th to 8th, US Eastern Time). Notably, all nine ETFs saw net inflows. The Fidelity ETF (FETH) saw the largest weekly net inflow, with $109 million, bringing FETH's total net inflow to $2.37 billion. The Blackrock ETF (ETHA) saw the second-largest weekly net inflow, with $105 million, bringing ETHA's total net inflow to $9.85 billion. As of press time, the total net asset value (NAV) of Ethereum spot ETFs stood at $23.38 billion, with a 4.77% ETF NAV ratio (market capitalization as a percentage of Ethereum's total market capitalization). The cumulative net inflow has reached $9.82 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $247 million last week (August 4th to 8th, US Eastern Time). The Blackrock Bitcoin ETF (IBIT) saw the largest weekly net inflow, with $189 million, bringing IBIT's total net inflow to $57.79 billion. The next largest weekly net inflow was the Bitwise ETF (BITB), with $62.26 million, bringing BITB's total net inflow to $2.32 billion. The Fidelity ETF (FBTC) saw the largest weekly net outflow, with $55.18 million, bringing FBTC's total net inflow to $12.03 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $150.7 billion, with a net asset value ratio (market capitalization relative to Bitcoin's total market capitalization) of 6.48%, and cumulative net inflows to $54.43 billion.
According to @ai_9684xtpa, the whale/institutional address 0x395...45500 has accumulated 68,000 ETH since June 22nd, at an average price of $2,597, generating a $115 million profit in just one and a half months. This address accumulated ETH from $2,284 to $4,302, and withdrew another 8,745 ETH from Binance in the past five minutes.
Nansen CEO Alex Svanevik transferred 1 million LDO (US$1.46 million) to Coinbase half an hour ago. Alex Svanevik received an investment/advisory allocation of 5 million LDO from Lido in December 2020, and after this transfer, he still holds 1 million LDO.
1inch team investment fund sold some ETH and 1INCH, realizing $8.36 million in profit
According to on-chain analyst Yu Jin, the 1inch team investment fund has begun selling previously purchased ETH and 1inch tokens on-chain. They have sold 5,000 ETH at an average price of $4,215 for 21.07 million USDC, and 6.45 million 1inch tokens at an average price of $0.28 for 1.8 million USDC. These ETH and 1inch tokens sold today have generated a profit of $8.36 million. The ETH consisted of 11,198 ETH purchased in February for $2,577 for 28.85 million USDC, while the 1inch tokens consisted of 61.76 million 1inch tokens purchased in July for $0.253 for 15.65 million USDC.
According to Onchain Lens, a whale/institution has added another 49,533 ETH, valued at $210.68 million, from Galaxy Digital and FalconX. Currently, the whale holds a total of 221,166 ETH, valued at $940.73 million, spread across six different wallets. Previous reports indicate that a major whale/institution has accumulated over 170,000 ETH, worth approximately $670 million, over the past four days.
Institutional holdings
French listed company Capital B tweeted that it confirmed the acquisition of 126 BTC for approximately 12.4 million euros, bringing its total holdings to 2,201 BTC. The BTC return rate from the beginning of the year to date is 1,519.5%.
According to Cointelegraph, Strategy celebrated its fifth anniversary of its first Bitcoin purchase, a move that helped its stock price surge nearly 2,600% since 2020, breaking out of a 20-year slump. MicroStrategy Inc. (now known as Strategy) made its first Bitcoin purchase on August 11, 2020, spending $250 million to acquire 21,454 Bitcoins, which founder Michael Saylor called a "new capital allocation strategy." To date, the company has spent $46 billion to acquire 628,791 Bitcoins, making it the largest Bitcoin holder of any public or private company and inspiring countless other companies to follow suit. These purchases have driven MicroStrategy Inc. (MSTR)'s stock price up by over 2,595% over the past five years, closing at over $395 last Friday, compared to less than $15 five years ago.
BNC, a listed company, bought 200,000 BNB, with a transaction value of approximately US$160 million.
BNB Network Company, the treasury management business of publicly listed CEA Industries Inc. (NASDAQ: BNC), announced today that it has acquired 200,000 BNB tokens for approximately $160 million, becoming the world's largest holder of BNB. This acquisition follows the completion of a $500 million private placement led by 10X Capital and a partnership with YZi Labs to support a treasury strategy centered around BNB, which serves as the company's primary reserve asset.
