Last week's crypto market can be described as an 'information explosion', not only did meme coins continue to soar, but veterans like Conflux also erupted again, with heavyweight news: the Trump family heavily invested in Bitcoin, the hacker from the historical largest Bitcoin theft case reappeared; from the launch of RWA platform in Hong Kong to the return of the largest theft case in history... you shouldn't miss any of these hot topics!

📌 Whether you are an investment researcher, an on-chain enthusiast, or an airdrop hunter, this comprehensive weekly report is worth saving and sharing.

Trump drops a bombshell: he will announce new Federal Reserve Board nominees in a few days and is actively searching for the next Federal Reserve Chair with the Treasury Secretary. Currently, Federal Reserve Board member Kugler will resign on August 8, but did not state the reason for resignation, only revealing that he will return to teach at Georgetown University. This may hint at a 'potential turning point' in Federal Reserve policy direction.

At the same time, Trump also plans to replace the head of the Bureau of Labor Statistics. The turbulence in macro policy will have repercussions on the dollar, inflation expectations, and even institutional behavior in the crypto market.

And just as the market maintains a wait-and-see attitude towards monetary policy, Trump Media Technology Group (DJT) released its financial report, with financial assets reaching $3.1 billion, an 800% year-on-year surge, holding nearly $2 billion in Bitcoin and related assets, almost becoming one of the largest publicly traded companies by holdings.

Moreover, the group is also preparing to launch multiple crypto ETF products, such as the Truth Social Bitcoin ETF and the Truth Crypto Blue Chip ETF, and even plans to issue a utility platform token embedded in its social platform Truth+ as a subscription tool.

This is not an ordinary embrace of blockchain, but a deep binding of political capital and financial assets. In a sense, Bitcoin is transitioning from a 'hedge tool' to a 'political weapon'.

Hong Kong is also not to be outdone, with the Monetary Authority tightening stablecoin issuance licenses, with only three to four expected to be issued in the first batch. Financial institutions with Chinese backgrounds, such as Bank of China Hong Kong, China Merchants Bank Hong Kong, and Xinyi International, are considered to have advantages and are actively preparing for custody and issuance business.

However, it is worth noting that internet giants such as JD.com and Ant Group may be excluded, as regulatory requirements state that issuers must be able to 'verify the identity of every holder'. This is undoubtedly a huge challenge for companies focused on cross-border payments and C-end circulation.

The crypto circle generally believes that Hong Kong is gradually building a 'high-threshold, high-standard' regulatory environment, attempting to establish a global compliance asset center that competes with Singapore and emerging European countries.

Meanwhile, the Hong Kong Web3 Standardization Association also announced that it will officially launch the RWA registration platform on August 7, achieving a complete digital registration, assetization, and financialization process for real assets. This marks Hong Kong's formal entry into the deep waters of on-chain finance.

III. Market Dynamics & Overview of Hot Coins: A mixed battle of gains and losses, Meme coins are going crazy!

This week's market is truly a mix of ups and downs; on one side, there are large unlocks putting pressure on the market, and on the other side, meme coins are skyrocketing:

1. Hot CEX Coins

CEX Trading Volume Top 10 and 24-hour Gains and Losses:

BTC: +0.51%

ETH: +0.41%

XRP: -1.66%

SOL: -0.10%

BNB: -0.31%

DOGE: +0.26%

SUI: +2.17%

TRX: +0.25%

ADA: +2.49%

LTC: +2.52%

24H Growth Ranking (Data source: OKX):

  • DUCK: +16.18%

  • VINE: +15.29%

  • CFX: +13.48%

  • XLM: +12.66%

  • PENGU: +11.32%

  • CVX: +9.93%

  • MORPHO: +9.92%

  • MOVR: +9.58%

  • INJ: +9.46%

  • MAGIC: +9.41%

2. On-chain popular Meme Top 5 (Data source: GMGN):

  • RAGEGUY

  • DeepSeekAI

  • REDBULL

  • LILPEPE

  • greentext

The rise of MemeCore is very representative: after plummeting from $0.07 to below $0.30 at issuance, it has remained stable during recent market adjustments, showing strong bullish momentum, indicating that there is still speculative interest in meme assets.

The forgotten CFX (Conflux) has also made a comeback, stabilizing above the $0.20 mark; if it breaks through $0.25, it will confirm a bottom structure reversal.

3. Market Dynamics:

Binance's official data reveals that the total staking amount of BNSOL has exceeded 10 million SOL, and the total locked value (TVL) of BNSOL has reached $1.79 billion.

In summary: Meme coins are the 'bullet comments' of the crypto world; if you want to get rich quickly, learn to fly first, but don't forget the parachute.

IV. Loss Rankings and Potential Bottom Opportunities: Fartcoin suffers heavily, is Bonk extinguished?

On the other hand, Fartcoin [FARTCOIN] has seen a 29% drop, becoming the biggest loser this week, plummeting from $1.30 to $0.93, with MACD showing a bearish signal for the first time, causing market panic to intensify.

Following closely is:

  • Bonk [BONK] fell 24.6%, marking the worst weekly performance of the quarter, finally adjusting after five consecutive weeks of growth;

  • Virtuals Protocol [VIRTUAL] fell over 24%, breaking below the $1.70 range bottom, with the graphical structure turning bearish.

Some funds may be rotating among meme coins, with high-position memes under short-term pressure, while small-cap potential coins may become the new battlefield for funds.

V. Token Unlocks & Airdrop Tide Approaches, Don't Miss Free Money!

This week, news about airdrops and unlocks is also overwhelming:

First, the BTC re-staking platform SatLayer opens airdrop registration named 'SlayDrop', with a deadline of August 9 at 9 PM (Beijing time). This platform has just completed an $8 million financing, led by Hack VC and Castle Island Ventures, with significant potential ahead.

Towns Protocol announces token economics, TOWNS total supply is 10 billion, 57% will be used for the community and airdrops, with 10% to be airdropped on August 5th;

In addition, many tokens will face large-scale unlocks in the coming days:

August 5:

  • ENA unlocks 172 million tokens, worth over 100 million dollars

  • SPEC unlocks 3.62 million tokens, worth over 1.8 million dollars

  • EIGEN unlocks 1.29 million tokens

August 6:

IOTA, MAVIA, and several other projects will unlock simultaneously;

August 8~10:

Mainstream projects like IMX, SXT, RENDER, and AXS will experience small unlocks, but the market's attention remains significant.

For projects with heavy funds, the increase in circulation brought by unlocks may trigger selling pressure, and participants need to pay attention to trading rhythms and capital flows.

VI. The largest BTC theft case stirs up waves again: LuBian pool hackers still control $14.5 billion in assets!

The most shocking news of the week is the super BTC theft case revealed by Arkham, which is one of the darkest events in the history of the crypto world, and may be the 'silent explosion' you have never heard of:

In December 2020, the China-backed mining pool LuBian was hacked, with a total of 127,426 Bitcoins stolen, worth about $3.5 billion at the time, now skyrocketing to $14.5 billion at current prices!

Even more chilling is that these BTC have yet to be recovered, with the last on-chain operation occurring in July 2024. This means that after four years, these Bitcoins are still hovering on the brink of circulation, and the hacker's holding address is currently the 13th largest BTC holder globally, even surpassing the Mt. Gox hacker case record, becoming the largest Bitcoin theft in history!

The attacker is suspected of exploiting a private key generation vulnerability to achieve precise theft through brute force cracking. After the incident, LuBian sent over 1,500 OP_RETURN transactions on-chain, requesting the return of assets, even spending 1.4 BTC as a plea fee, but received no response.

This incident again raises the alarm for 'on-chain security', cold wallets ≠ foolproof, compliance and private key management remain one of the most fragile aspects of the entire crypto ecosystem.

VII. Highlights of Opinions: Altman, Tom Lee, and Eric Trump speak out

This week, remarks from several key figures sparked heated discussions in the crypto community:

Sam Altman (founder of ChatGPT) stated that new models and products will be launched in the coming months, but there may be a 'capacity crisis', and some instability may be experienced. He suggested that the market should be prepared for short-term fluctuations.

Tom Lee (founder of Fundstrat) stated that Ethereum is currently undervalued, and driven by the trend of real asset tokenization, its fair value could reach 10,000 to 20,000 US dollars within the next 12 months, with Wall Street making a significant entry into ETH staking and RWA.

Eric Trump (son of Trump) tweeted again, emphasizing: 'Buy BTC and ETH on dips', which has become one of the clearest investment signals from his family.

(Japanese listed company) Metaplanet CEO Simon Gerovich stated that he will issue perpetual preferred shares to continuously purchase Bitcoin. His core idea is: 'Value per share priced in Bitcoin', which is a bold exploration of Japan's first 'Bitcoin standard company'.

Summary: The meme frenzy has not cooled, policy undercurrents are surging, and capital diversion is evident.

This week can be described as a week influenced by 'policies, sentiment, and technical aspects'. Memecoins remain the current focus of capital, but with extreme volatility; Bitcoin and Ethereum are seeing increased wait-and-see sentiment, while certain mid-to-low market cap projects are experiencing structural explosive opportunities.

The Trump family's 'heavy investment in Bitcoin' signifies that digital assets have officially entered the global political stage, and their influence is no longer limited to the tech circle.

📣 Advice for investors:

  • Stay alert, closely monitor policy and ETF trends;

  • Participate in airdrops timely, and ensure proper allocation of contract and spot positions;

  • Be cautious when chasing meme coins, set profit-taking and stop-loss levels;

  • Beware of on-chain security, do not trust unknown wallets, links, or new protocols.

This article is a panoramic report from the crypto world, integrating multiple original reports and on-chain tracking from the week. Feel free to share it with your community, TG, and friend circles—don't let your friends miss this opportunity, and don't let yourself follow the trend passively.

Changes in the crypto world are rapid, with opportunities and risks coexisting. Learning to enter and exit strategically and protect your capital is crucial for steady progress, wealth accumulation, and personal growth.✍️

Remember to DYOR, manage risks, and I wish everyone smooth sailing in the crypto world! 🌊

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