Trader Eugene recalled the two consecutive months of market gains following Trump's inauguration and the launch of $TRUMP, which generated a significant wealth effect. He believes the market may be nearing its peak, with increased volatility and opportunities for quick profits. However, he cautioned that while investors should seize these opportunities, they should also be mindful of the risk of a market reversal.
Data: Over $40 million in SOL flowed into CEX in 9 hours
According to Lookonchain monitoring, SOL whales have recently been frequently depositing large amounts of SOL into exchanges. Among them, address CMJiHu deposited 96,996 SOL (worth approximately $17.45 million) nine hours ago, address 5PjMxa deposited 91,890 SOL (worth approximately $15.98 million) into Kraken three hours ago, and address HiN7sS deposited 37,658 SOL (worth approximately $6.73 million) into Binance eight hours ago, generating a profit of $1.63 million.
Ember's monitoring reveals that addresses recently created and accumulating large amounts of ETH through BitGo are suspected to belong to Bitmine. Over the past eight days, these addresses have accumulated a total of 293,186 ETH, valued at approximately $1.24 billion, through platforms such as FalconX, Galaxy Digital, and BitGo. Bitmine previously announced that it had increased its holdings by 317,000 ETH within a week, bringing its total holdings to 1.15 million.
Peter Thiel acquires 7.5% stake in ETHZilla to boost Ethereum investment
According to SEC filings, PayPal co-founder Peter Thiel and his investment team hold a 7.5% stake in 180 Life Sciences (now renamed ETHZilla), a company focused on building Ethereum-based enterprise treasuries. ETHZilla plans to use the proceeds for Ethereum purchases, yield farming assets, and its iGaming business. ETHZilla's stock rose 11% after the market closed on Monday, having surged approximately 57% overnight. Prior to this, on July 16, Thiel's team also held over 9% of BitMine Immersion, the largest Ethereum-based enterprise treasury holder with reserves valued at nearly $5 billion. Furthermore, on July 29, the publicly listed company 180 Life announced plans to raise approximately $425 million in a private placement and transform itself into an Ethereum treasury reserve company.
According to Nate Geraci, president of The ETF Store, more than 1,300 ETFs have been listed since the beginning of last year, with 10 of the top 20 being cryptocurrency-related, including the top four products. These crypto-related ETFs include five spot Bitcoin ETFs, two spot Ethereum ETFs, two MSTR-related ETFs, and one leveraged Ethereum ETF.
South Korean retail investors have seen a net inflow of $259 million into BitMine stock since July
According to Bloomberg, US-listed BitMine Immersion Technologies Inc. has become the most popular overseas stock among South Korean retail investors, with net inflows reaching $259 million since July. BitMine, which has transitioned to a digital asset vault, reportedly holds $3.6 billion worth of Ethereum, making it the world's largest holder of the precious metal. BitMine's stock price surged over 3,000% in July, driven by Ethereum's price exceeding $4,300, but subsequently retreated 62%. Approximately one-third of South Korea's population is active in the digital asset market, favoring high-risk, high-return investment opportunities.
According to data from The Block, CME Ethereum futures trading volume reached a record high of $118 billion in July, an 82% increase from the previous month. Open interest jumped 75% from $2.97 billion in June to $5.21 billion. Furthermore, global Ethereum futures trading volume reached $2.12 trillion in July, a 38% year-over-year increase, surpassing the all-time high of $1.87 trillion reached in May 2021. Ethereum prices surpassed $4,300 on August 9, reaching their highest level since December 2021, and Google searches for the cryptocurrency reached their highest level since June 2022.
According to Globenewswire, Exodus Movement, a self-custodial cryptocurrency platform listed on the New York Stock Exchange, released its quarterly financial and operating results report ending June 30, 2025, disclosing that the company held 2,058 BTC (worth US$220.5 million), 2,729 ETH (worth US$6.8 million), and US$58.1 million worth of USDC, cash and cash equivalents, and US Treasury bonds, bringing its asset size to US$291.2 million.
According to Ember monitoring, an FTX/Alameda staking address redeemed and transferred out 190,000 SOL six hours ago, worth approximately $34.09 million, distributed to 29 addresses. Historical records show that most of these recipients subsequently transferred the SOL to Coinbase or Binance. Since November 2023, FTX/Alameda has redeemed and transferred out a total of 8.788 million SOL, worth approximately $1.159 billion, at an average transfer price of $132 per coin. Currently, 4.727 million SOL (approximately $829 million) remains staked in its staking addresses.
Filecoin's first batch of ProPGF grants over $3.6 million to 14 teams
Filecoin has successfully completed its first Public Goods Grant (ProPGF), awarding $3.6818 million to 14 teams to build infrastructure, develop tools, and provide key services to drive the next generation of Filecoin applications. Grant recipients include Curio Dashboard, Fil Note, Filecoin Developer Tooling (FIL-B), Filecoin EconoLens MCP Server, Game Theoretic Programmable Fil+ Allocator, Titan Network (SP Bandwidth), IPNI, FIL Ponto, Chainfee, CIDgravity Gateway, Curio Storage, EverMedia Vault, Lynx, and Filecoin Retrieval Checkers (FilCDN) as FWS Services. This grant covers a wide range of areas, from high-performance data retrieval to programmable transaction allocation. Initial funding will begin this week. The second round of grants is expected to begin in October 2025. Teams not selected may apply in the fall or explore other funding avenues.
Terraform Labs founder Do Kwon may plead guilty, with a US court hearing scheduled for August 12.
According to Coindesk, Terraform Labs founder Do Kwon may change his previous plea of "not guilty" at a hearing scheduled for 10:30 pm on August 12th. Kwon reportedly faces multiple charges of fraud and market manipulation related to Terraform's operations and the collapse of the Terra/Luna stablecoin network, and has been ordered by the U.S. Securities and Exchange Commission to pay $4.5 billion in fines and restitution in a civil case. The case was originally scheduled to go to trial in January of next year, and prosecutors will need to review 6TB of data. Kwon was extradited to the United States from Montenegro last year and was previously detained for attempting to leave the country with a false passport. Before the trial, the judge required the defense attorney to review any plea agreements or related documents with the defendant.
USDC Treasury minted 250 million new USDC on Ethereum in the early morning
According to Whale Alert monitoring, USDC Treasury minted 75,000,000, 100,000,000, and 75,000,000 USDC on the Ethereum network at 00:59, 02:01, and 02:23 Beijing time in the early morning of August 12, with a total value of approximately US$250 million.
An institution/whale added nearly 60,000 ETH, currently holding $1.24 billion in ETH
According to Onchain Lens, a whale or institution recently added 59,998 ETH from FalconX, Galaxy Digital, and BitGo, with a total value of approximately $254 million. The whale currently holds a total of 293,184 ETH, with a total value of $1.24 billion, distributed across nine different wallets.
Stripe partners with Paradigm to develop Tempo blockchain
According to Fortune, fintech giant Stripe is collaborating with crypto venture capital firm Paradigm to develop a blockchain called Tempo. The project is positioned as a high-performance, payment-focused Layer 1 blockchain compatible with the Ethereum programming language. Tempo is currently in stealth development with a team of five. Previously, Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion and crypto wallet developer Privy, furthering its stablecoin technology development.
Uniswap Foundation to Adopt Wyoming's DUNA Framework to Promote Protocol Fee Mechanism
According to The Block, the Uniswap Foundation has proposed establishing a Wyoming "DUNA" legal entity for its DAO governance organization to meet compliance and tax requirements. It also plans to allocate $16.5 million worth of UNI to settle past tax and legal defense budgets. This move will pave the way for the Uniswap protocol to activate its fee mechanism, with a portion of LP fees flowing into the DAO treasury. The new entity will not alter the Uniswap protocol, token, or governance structure, and fee revenue will not be directly distributed to UNI holders. Cowrie Advisors will serve as the administrator of DUNI.
Mill City Ventures purchases another $20 million in SUI tokens
According to The Block, Nasdaq-listed company Mill City Ventures purchased 5.6 million SUI tokens from the SUI Foundation at a discounted price of $3.65 per token, totaling over $20 million. Mill City currently holds nearly 81.9 million SUI tokens and plans to earn returns by staking them. The company previously raised $450 million in private placements and has secured a maximum purchase quota of $500 million. Mill City will dynamically increase its SUI holdings, including from foundations, the secondary market, and other investors.
Trump declares public safety emergency in Washington, D.C.
US President Trump officially declared a public safety emergency in Washington, DC.
Paxos applies to convert its New York trust license to a U.S. national trust license
According to PR Newswire, Paxos announced that it has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to convert its New York Department of Financial Services (NYDFS) trust charter to a national trust charter. If approved, Paxos will be regulated by the OCC in the U.S. and continue to be regulated by multiple jurisdictions, including the European Financial Conduct Authority (FIN-FSA), Singapore's MAS, and the Abu Dhabi Financial Services Regulatory Authority (FSRA). Paxos stated that all issued assets will continue to be fully backed by bankruptcy-remote reserves consisting of U.S. dollars, U.S. Treasury bonds, and cash, ensuring 1:1 redemption. The company stated that its services will remain unchanged, and that its partners include PayPal and Mastercard.
US stocks rose due to the concept of Ethereum reserves, with BMNR up over 23% and SBET up over 13%.
The concept of Ethereum reserves in the US stock market rose, with BMNR rising by more than 23%, SBET rising by more than 13%, BTCT rising by more than 7%, and BTBT and Congchain Group rising by nearly 7%.
FG Nexus announced that it has purchased 47,331 ETH at a cost of $200 million
According to GlobeNewswire, Fundamental Global Inc. (NASDAQ: FGNX, FGNXP) announced that it has acquired a total of 47,331 ETH at a current price of $4,228.40 per ETH. The company has fully utilized its $200 million private placement funding to purchase ETH and plans to increase ETH yield through staking and re-staking, becoming one of the world's largest corporate ETH holders. FG Nexus will collaborate with Anchorage Digital and Galaxy to promote the global adoption of ETH as a corporate reserve asset and accelerate its development of tokenized physical assets and stablecoin yield businesses within the Ethereum ecosystem.
Bezos' space company Blue Origin will accept Bitcoin and other cryptocurrencies as payments
Jeff Bezos's aerospace company, Blue Origin, has partnered with payments technology company Shift4 to launch cryptocurrency and stablecoin payment options for New Shepard space travel. Customers can now purchase New Shepard space travel using Bitcoin, Ethereum, Solana, USDT, and USDC. Customers can connect their Coinbase and MetaMask wallets for instant and secure payments. This feature is available immediately for all New Shepard commercial flight bookings.
ENS multi-signature wallet transferred nearly 142,000 ENS to trading platforms
According to Embers, an ENS multi-signature wallet transferred 141,937 ENS (approximately $4.02 million) within 20 minutes, of which 72,437 went to FalconX and 69,500 went to Coinbase.
Zoth Receives $15 Million in Strategic Investment from Bolts Capital to Promote RWA on-chain
Blockchain protocol Zoth announced it has received a $15 million strategic funding commitment from Bolts Capital to accelerate the development of its real-world asset (RWA) on-chain ecosystem through token purchases. Zoth will prioritize compliance and innovation, focusing on the development of its RWAFi protocol. Initially, it will focus on tokenizing government bond products, with plans to expand into emerging markets and alternative assets. Following a previous security incident involving its ZeUSD token, Zoth officials stated they are prioritizing strengthening security and trust. Zoth is currently preparing for its Token Generative Advancement (TGE) and will subsequently announce details on its token economics, ecosystem incentives, and project roadmap.
Safety Shot announces strategic partnership with BONK and receives $25 million in BONK tokens
According to StockTitan, Safety Shot (NASDAQ: SHOT) announced a strategic alliance with the founding team of BONK. The company will receive $25 million worth of BONK tokens in exchange for $35 million in convertible preferred stock. Safety Shot has paid off all debt and holds $15 million in cash. The partnership aims to incorporate BONK into the company's balance sheet and diversify its assets. BONK, the fourth-largest memecoin on the Solana blockchain, has a market capitalization exceeding $2 billion and over 980,000 on-chain holders. Dominari Securities served as exclusive financial advisor for the transaction.
Chainlink and ICE Partner to Bring Forex and Precious Metals Data to the Blockchain
Chainlink announced a partnership with Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, to connect global foreign exchange and precious metals pricing data from ICE's Consolidated Feed to Chainlink Data Streams, serving over 2,000 on-chain applications and financial institutions. This collaboration aims to provide blockchain with data that meets the accuracy and low latency requirements of traditional capital markets, driving the development of institutional-grade applications such as asset tokenization and automated settlement. ICE stated that this collaboration brings trusted, multi-asset class structured data to crypto applications, marking a further integration of on-chain financial systems with traditional markets.
Truth Social Submits Amended Bitcoin Spot ETF Documentation
According to Bloomberg ETF analyst Eric Balchunas, the Truth Social Bitcoin Spot ETF has submitted an amendment to its S-1 registration statement to the US SEC, but has yet to disclose its management fee and trading symbol. The ETF is sponsored by Yorkville America Digital, LLC. According to Jinshi.com, Trump Media & Technology Group (DJT.O) announced that it will launch a Bitcoin ETF later this year.
SharpLink Completes $400 Million Private Placement and Holds Nearly 600,000 ETH
According to SharpLink, the company completed a $400 million private placement at $21.76 per share, led by five global institutional investors. As of August 11, 2025 (Beijing time), the company holds approximately 598,800 Ethereum (ETH) and has approximately $200 million in ATM proceeds remaining undistributed. Once fully invested as planned, the market value of its ETH holdings is expected to exceed $3 billion.
BitMine holds over 1.15 million ETH, with a market capitalization of nearly $5 billion
According to PR Newswire, BitMine Immersion Technologies (BMNR) announced that its Ethereum (ETH) holdings have exceeded 1,150,263. At $4,311 per ETH, this represents a total market value of approximately $4.96 billion, making it the world's largest ETH vault and the third-largest cryptocurrency vault. The company increased its holdings by approximately 320,000 ETH in a single week, increasing its holdings by $2 billion. BitMine, backed by ARK, Founders Fund, and Pantera, aims to hold 5% of all ETH. BMNR is currently the 25th most liquid stock in the United States, with an average daily trading volume of $2.2 billion.
According to BusinessWire, ALT5 Sigma Corporation (NASDAQ: ALTS) announced that it has signed an agreement to issue and sell 200 million shares of its common stock at $7.50 per share, raising an estimated $1.5 billion. The private placement will be subscribed to by World Liberty Financial (WLFI) in WLFI tokens. Upon completion of the transaction, ALT5 will hold approximately 7.5% of the total WLFI token supply and initiate its cryptocurrency treasury strategy. WLFI co-founder and CEO Zach Witkoff will serve as Chairman of the ALT5 Board of Directors, and Eric Trump will become a director. Proceeds will be used to acquire WLFI tokens, fund company operations, repay debt, and settle litigation.
Sequans purchased 13 bitcoins for approximately $1.5 million, bringing his total holdings to 3,171.
According to Sequans' website, Sequans Communications announced the purchase of 13 Bitcoins for approximately $1.5 million, at an average price of $117,012 per coin. As of August 8th, the company's total Bitcoin holdings increased to 3,171, representing a total investment of approximately $370 million at an average purchase price of $116,709 per coin. Sequans maintains Bitcoin as its primary reserve asset and continues to increase its holdings through equity, debt financing, and business income.
CoinShares: US 401(k) approval drives $572 million in weekly net inflows into digital asset funds
According to CoinShares, digital asset investment products saw net inflows of $572 million this week, driven by the US government's move to allow 401(k) retirement plans to invest in crypto assets. Ethereum ETPs attracted $268 million, bringing their year-to-date inflows to $8.2 billion and raising assets under management to $32.6 billion, an 82% year-to-date increase. Bitcoin also saw a net inflow of $260 million. Solana, XRP, and Near saw inflows of $21.8 million, $18.4 million, and $10.1 million, respectively. The United States and Canada saw net inflows of $608 million and $16.5 million, respectively, while Europe saw a net outflow of $54.3 million.
