Selected News
1. Peter Thiel lays out Ethereum again, acquiring 7.5% of ETHZilla shares
2. Ethereum stock on CEX drops to the lowest level since July 2016, down 6.7% so far in Q3 this year
3.pump.fun market share surpasses Letsbonk, returning to the top of the Solana token issuance platform rankings
4. Meme coin market observation: Solana meme season returns, CLIPPY, SPARK, BTH show dazzling weekly performance
5. Korean traders flock to bet on BitMine, with net purchases reaching $259 million since early July
Article & Threads
1. (Buying $5 billion in 35 days, can ETH really rise to $15,000?)
This is not just a numerical victory or defeat, but a competition between two different lineages of capital - SharpLink, representing 'crypto OGs', slowly accumulates coins and waits for a rise; BitMine, representing 'Wall Street power', realizes profits through pushing up. Low cost and high leverage, coin accumulation mentality and narrative strategy reflect a direct confrontation of two worldviews.
2. (Will AI Season 2.0 start because of this dog?)
Since Musk's 'crazy milk' AI companion Grok made $Ani one of the 'golden dogs' of Letsbonk.fun, the market has slowly started to regain confidence in the AI sector. With pump.fun returning to the top in the 'meme launchpad battle', a new AI big dog $SPARK emerged last weekend on pump.fun.
Market Data
Daily overall market fund heat (reflected by funding rates) and token unlocking
Data source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocking
