Today's news tips:
Cardano Community Approves $71 Million Core Development Budget, Boosting ADA's Prospects
Coinbase's "SocialFi" sparks Zora fever, with Basechain's daily token issuance surpassing Solana's
Binance: BNSOL Super Staking to Launch its Twelfth Project, SIGN (SIGN)
Viewpoint
Robert Kiyosaki, author of "Rich Dad Poor Dad," stated on social media that Bitcoin could fall below $90,000 due to the so-called "August Curse." He stated that if the price drops, he will double down on his Bitcoin holdings. He emphasized that the problem with Bitcoin lies not in itself, but rather in the trillions of dollars in US debt and the management of it by the Federal Reserve and the Treasury Department. Kiyosaki also mentioned that he recently participated in several financial education events, learning about future trends with investment experts, and believes that Bitcoin's potential decline will make most investors richer.
CryptoQuant analyst Axel Adler Jr. noted that the Bitcoin bull market has entered its late stages, with investor risk appetite gradually declining. Data shows that the relevant indicator exceeded 1.9 in March and December 2024, but has recently formed lower peaks, and holders have begun to actively sell, putting pressure on the market. Although investors are still profiting, the marginal gains from each price increase are gradually decreasing. Considering the Federal Reserve's expected two interest rate cuts this year, he predicts two more rallies in this cycle, after which selling pressure may outstrip demand, and the market may enter a correction.
CryptoQuant: BTC is currently approaching the $104,000 range, and the overall trend remains bullish
According to CryptoQuant analyst Abramchart, long-term Bitcoin holders (LTH) remain in a healthy profit range (NUPL above 0.5), demonstrating strong holding confidence and willingness. Short-term Bitcoin holders (STH) fluctuate around lower profit levels, suggesting potential selling or short-term pressure during price increases. Currently, Bitcoin's price is near $104,000, primarily supported by the confidence of long-term holders. While the overall trend remains bullish, short-term holdings may trigger periodic pullbacks.
Analysis: Bitcoin falls below key support as slowing employment data and seasonal weakness combine
According to Matrixport analysis, Bitcoin has fallen below the key technical support level of $112,000 over the past few weeks, shifting market sentiment. This decline is a continuation of seasonal weakness from August, coupled with macroeconomic uncertainty stemming from downward revisions to labor market data. A similar situation occurred last year, when the Federal Reserve unexpectedly cut interest rates by 50 basis points amid market pressure. Markets are currently pricing in two rate cuts, with the first likely to occur in September. Risk assets are likely to continue to weaken until economic and market fundamentals improve.
Project News
Binance Alpha to List Fireverse (FIR) Token on August 6
Binance Alpha will launch the Fireverse (FIR) token airdrop on August 6th. Eligible users can claim the airdrop by using Binance Alpha Points on the Alpha event page after trading opens.
Yield Guild Games (YGG), the world's largest decentralized gaming guild network, announced the establishment of a new Onchain Guild and the allocation of 50 million YGG tokens (valued at approximately $7.5 million) to an ecosystem fund to explore revenue-generating strategies. YGG's Onchain Guild utilizes a decentralized structure, using only guild assets for exclusive transactions and not accepting third-party capital or providing investment services. The ecosystem fund is co-led by YGG's Corporate Development Manager, Serge-Raymond Nzabandora, and Head of Corporate Development, Andy Chou, both with extensive experience in technology investment and capital markets.
Hold at least 200 Binance Alpha Points to claim a 1,000 DARK token airdrop
Binance Alpha has become the first platform to list the DarkStar (DARK) token. Trading on Alpha will begin at 8:00 PM (UTC) on August 4, 2025. During the promotional period, users with at least 200 Binance Alpha Points will be eligible to claim a 1,000 DARK token airdrop on a first-come, first-served basis. The point threshold will automatically decrease by 15 points every hour for the duration of the promotion.
Binance: BNSOL Super Staking to Launch its Twelfth Project, SIGN (SIGN)
Binance announced that its BNSOL Super Staking will launch its twelfth project, SIGN (SIGN), a multi-chain authentication protocol that provides digital public infrastructure for governments and serves as the foundation for decentralized applications—authenticating identities, proof of ownership, and contracts. Between 08:00 AM on August 5, 2025, and 07:59 AM on September 6, 2025 (GMT+8), users who complete the required actions will receive a SIGN APR Boost airdrop. Regarding decentralized BNSOL assets: To further enhance the BNSOL ecosystem, Binance will expand the benefits of holding BNSOL beyond the exchange to the decentralized world through the new decentralized BNSOL asset feature. Supported decentralized BNSOL assets will be counted towards the APR Boost airdrop reward calculation during this BNSOL Super Staking event.
Lido co-founder Vasiliy Shapovalov said on X Platform last weekend: "To ensure long-term sustainability, Lido Labs, the Lido Ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of our contributor team, impacting approximately 15% of our workforce. This decision is not performance-related and is purely based on cost considerations. It is a difficult decision, but one based on long-term resilience. While it may seem counterintuitive during a market rally, this move reflects our unwavering commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is building for decades to come, and this adjustment will help solidify that foundation."
Ripple: Banks have invested over $100 billion in blockchain infrastructure since 2020
According to CoinDesk, a recent report released by Ripple, CB Insights, and the UK's CBT stated that digital assets are becoming mainstream, with traditional banks investing over $100 billion in blockchain since 2020. Despite regulatory uncertainty and market volatility, major banks are increasing their investments in custody, tokenization, and payment infrastructure. The report also found that 90% of financial leaders surveyed believe these technologies will have a significant or significant impact on finance within the next three years. From 2020 to 2024, traditional financial institutions participated in 345 blockchain transactions globally. Payment-related infrastructure accounted for the largest share, followed by cryptocurrency custody, tokenization, and on-chain foreign exchange trading. Approximately 25% of investments were concentrated in infrastructure providers supporting blockchain settlement and asset issuance.
Coinbase's "SocialFi" sparks Zora fever, with Basechain's daily token issuance surpassing Solana's
According to CoinDesk, Dune Analytics data shows that Base, the Ethereum Layer 2 network supported by Coinbase, has surpassed Solana in daily token issuance. This growth is primarily driven by the decentralized social platform Zora, whose "Creator Coin" model transforms content into tradable assets. Following the July transformation of Coinbase's Base app into a SocialFi portal, the ZORA token has seen a surge of over 500% over the past month.
Cardano Community Approves $71 Million Core Development Budget, Boosting ADA's Prospects
The Cardano community has approved the "IOE Roadmap" proposal with 74.01% support. The proposal will deploy approximately 96,817,080 ADA (approximately $71 million) from the treasury to fund core protocol development, with a focus on technical upgrades in scalability, developer experience, and interoperability.
Important data
According to a report released by CoinShares, digital asset investment products saw a net outflow of $223 million over the past week, the first time they have turned negative in 15 weeks. Despite an inflow of $883 million at the start of the week, capital flows reversed later in the week due to hawkish signals from the Federal Reserve and strong US economic data, with outflows exceeding $1 billion on Friday. Bitcoin led the decline, with outflows of $404 million during the week, but its year-to-date (YTD) net inflows remained at $20 billion, reflecting its high sensitivity to monetary policy changes. Ethereum recorded net inflows for 15 consecutive weeks, totaling $133 million. Other assets such as XRP ($31.2 million), Solana ($8.8 million), and SEI ($5.8 million) also performed well, while Aave and Sui recorded smaller inflows of $1.2 million and $0.8 million, respectively.
According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $643 million last week (July 28th to August 1st, US Eastern Time). The Bitcoin spot ETF with the largest weekly net inflow last week was Blackrock's IBIT Bitcoin ETF, which saw a net inflow of $355 million, bringing IBIT's total net inflow to $57.6 billion. The second largest weekly net inflow was VanEck's HODL ETF, which saw a net inflow of $9.13 million, bringing HODL's total net inflow to $1.14 billion. The Bitcoin spot ETF with the largest weekly net outflow last week was Ark Invest and 21Shares' ARKB ETF, which saw a net outflow of $444 million, bringing ARKB's total net inflow to $2.39 billion. The second largest weekly net outflow was Fidelity's FBTC ETF, which saw a net outflow of $354 million, bringing FBTC's total net inflow to $12.08 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$146.48 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.46%, and the historical cumulative net inflow has reached US$54.18 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.
Financing/Acquisition
CACEIS, the asset services arm of Crédit Agricole, has acquired a minority stake in French fintech company Kriptown to support the launch of Lise, a blockchain exchange. Lise aims to streamline equity financing and IPOs for small and medium-sized enterprises (SMEs) and mid-sized companies, becoming Europe's first blockchain-based tokenized exchange. The platform is currently awaiting approval as a distributed ledger trading and settlement system under the EU pilot program. If approved, it would allow companies to issue, trade, and settle financial instruments directly on a distributed ledger, significantly reducing the time and cost of traditional IPOs. The first IPO is expected to take place in 2025.
Institutional holdings
Japanese nail salon chain Convano Inc plans to hold 21,000 Bitcoins by the end of March 2027
According to NLNico, Japanese nail salon chain Convano Inc. announced plans to hold 21,000 Bitcoins by the end of March 2027 and to raise 2 billion yen (approximately $13.54 million) within August to increase its holdings. The company has already purchased approximately 165 Bitcoins in the two weeks since launching its Bitcoin reserve strategy.
According to an official announcement, Metaplanet, a Japanese listed company, purchased an additional 463 Bitcoins at a price of approximately $115,895 per coin, spending approximately $53.7 million. This represents a 459.2% return on its Bitcoin holdings since the beginning of 2025. As of August 4, 2025, the company held 17,595 Bitcoins, acquiring them for approximately $1.78 billion, or $101,422 per coin.
