Headlines
▌USDe supply has surpassed 12 billion coins, setting a new historical high.
According to official data, the stablecoin USDe issued by Ethena Labs has a supply exceeding 12 billion coins, currently around 12.02 billion coins, setting a new historical high.
▌In the past 24 hours, the entire network experienced liquidations of $208 million, primarily from long liquidations.
Data shows that in the past 24 hours, the entire network experienced liquidations of $208 million, including $136 million in long positions and $72.57 million in short positions, primarily from long liquidations. Among these, ETH liquidations amounted to $59.82 million, and BTC liquidations totaled $26.76 million.
Market
As of press time, according to CoinGecko data:
The price of BTC is $115,345, with a 24-hour change of -0.4%;
The price of ETH is $4,787.06, with a 24-hour change of +2.1%;
The price of BNB is $881.38, with a 24-hour change of +0.3%;
The price of SOL is $210.62, with a 24-hour change of +7.4%;
The price of DOGE is $0.2375, with a 24-hour change of +2.9%;
The price of XRP is $3.07, with a 24-hour change of +2.8%.
The price of TRX is $0.3631, with a 24-hour change of +0.1%.
Policy
▌Interpol has arrested over 1,200 suspects across multiple African countries, seizing over $100 million in cryptocurrency.
Interpol announced on August 22 that authorities across Africa arrested over 1,200 suspects in a large-scale cybercrime operation, seizing nearly $100 million and dismantling online fraud networks and illegal cryptocurrency mining activities. At the same time, investigators discovered 11,432 pieces of malicious infrastructure related to ransomware, business email compromise schemes, and online investment fraud.
Blockchain applications
▌Coinbase hints at launching prediction markets, RWA, and other businesses.
Coinbase hinted on platform X that it will launch prediction markets, RWA, and other businesses, transforming into a 'one-stop exchange'.
Cryptocurrency
▌Bitmine spent $45 million to increase its holdings by 9,613 ETH, currently holding ETH worth $7 billion.
According to Arkham monitoring, Bitmine has spent $45 million to increase its holdings by 9,613 ETH, currently holding ETH worth $7 billion.
An ancient Bitcoin whale has deposited 5,000 BTC into Hyperliquid to increase its holdings of ETH.
According to OnchainLens monitoring, an ancient Bitcoin whale has further deposited 5,000 BTC (worth approximately $574.67 million) into Hyperliquid for conversion into ETH. Now, this ancient whale holds 179,498 ETH, valued at approximately $850.5 million, while maintaining a long position of 135,265 ETH, worth approximately $640.92 million.
Bitmine has spent $45 million to increase its holdings by 9,613 ETH, currently holding ETH worth $7 billion.
According to Arkham monitoring, Bitmine has spent $45 million to increase its holdings by 9,613 ETH, currently holding ETH worth $7 billion.
A pre-mined address containing 49 ETH was activated after being dormant for 10.1 years.
According to on-chain data tracking service Whale Alert, around 3:59 AM Beijing time, a long-dormant pre-mined address was just activated, containing 49 ETH (approximately $237,700), which was worth only $15 in 2015, making it 10.1 years old.
LayerZero's $110 million acquisition proposal for Stargate has been approved.
LayerZero announced that Stargate DAO has approved its acquisition of Stargate (STG). StargateDAO members voted 95% in favor of the acquisition, and STG holders will be able to convert their tokens to ZRO on Monday. On August 11, the LayerZero Foundation proposed a $110 million acquisition of the Stargate cross-chain bridge and its STG tokens. According to the terms of the proposal, the STG tokens will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a rate of 1 STG for 0.08634 ZRO, which equates to $0.1675 per STG and $1.94 per ZRO.
Over 10,000 investors hold assets exceeding 1 billion KRW in the five major exchanges in Korea.
As of August 5, the number of investors holding over 1 billion KRW (approximately $710,000) in virtual assets among the five major Korean Won exchanges reached 10,810, with an average asset holding of 2.229 billion KRW (approximately $1.59 million). This data far exceeds the average holding of 10,866,371 users across the five exchanges (10.27 million KRW) by 200 times. Among those holding over 1 billion KRW in virtual assets, 76% (8,242 people) are Upbit users. In terms of age, the largest group of investors holding over 1 billion KRW is those in their 50s (3,994 people), followed by those in their 40s (3,086 people), those over 60 (2,426 people), and those in their 30s (1,167 people). Although there are only 137 people in their 20s, their average holding is as high as 2.68871 billion KRW, significantly higher than other age groups.
'A whale with a '125,000 USD rolling position long on ETH' has an unrealized profit of $4.78 million, with a position value of approximately $120 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), monitoring indicates that a whale with '125,000 USD rolling position long on ETH' has an unrealized profit of $4.78 million. Currently, their position is in a rolling state, holding 25,108.32 ETH, approximately $120 million, with an opening price of $4,590 and a closing price of $4,670.3.
An investor lost approximately $1.54 million due to signing a phishing bulk transaction for EIP-7702.
According to Scam Sniffer, a crypto anti-fraud monitoring provider, an investor lost approximately $1.54 million due to signing a phishing bulk transaction for EIP-7702. Scam Sniffer stated that multiple similar victim cases targeting EIP-7702 upgrade addresses have been found, and they remind users to be vigilant against phishing attacks involving bulk transfers to EIP-7702 upgrade addresses.
Important economic dynamics
▌Data: 62% of Americans expect the unemployment rate to rise in the next 12 months.
According to The Kobeissi Letter, 62% of Americans now expect the unemployment rate to rise in the next 12 months, marking one of the highest levels since the 2008 financial crisis. This ratio has doubled in less than a year and has never been this high during non-recession periods. Interestingly, high-income households in the top 33% are more pessimistic than middle-income and low-income households. In previous economic cycles, changes in expectations of this scale have always indicated a surge in unemployment rates.
Trump Media & Technology Group's Bitcoin reserves are currently worth billions of dollars, ranking eighth globally.
According to @pete_rizzo_, Trump Media & Technology Group's (DJT.O) Bitcoin reserves are currently worth billions of dollars, making it the eighth largest Bitcoin holder globally.
European Central Bank President Lagarde: The European labor market is in better condition than expected.
European Central Bank President Lagarde: The European labor market is in better condition than expected. Inflation has significantly decreased, and employment costs are lower.
Custodia Bank CEO: Traditional financial institutions may face the first 'crypto winter'.
Custodia Bank CEO Caitlin Long stated at the Wyoming Blockchain Symposium that the mismatch between traditional financial systems and blockchain protocols could impact traditional financial institutions. 'Because traditional systems cannot update in real-time, these fault tolerance mechanisms are built into the systems. In the cryptocurrency realm, everything must be real-time, and cryptocurrency is entirely different. I do worry about how these financial giants will cope when the bear market inevitably returns. I know some people are optimistic and believe a bear market won't come again. I've been in this industry since 2012, so I know a bear market will return.'
Polish scholar: The U.S. itself will become the biggest loser from tariff increases.
Professor Novak from the Warsaw University of Economics and Business stated that he believes the U.S. will be the biggest loser from tariff increases. In the current trade system, countries will eventually adjust the global trade landscape in various ways, putting the U.S. in a very unfavorable position. Other countries will not maintain such a high-tariff trade system with the U.S., ultimately leading to a reconfiguration of global trade. Looking back at Trump's first term, it's clear that increasing tariffs does not lead to job growth, so I believe U.S. consumers will bear the cost of tariffs, and the U.S. will inevitably become a loser. (CCTV News)
Golden Encyclopedia
▌What are tokenized goods?
Tokenized goods represent partial ownership of real-world assets using digital tokens on the blockchain, while retaining their tangible value. Tokenized goods are digital versions of real-world items (such as gold, oil, or crops) recorded on the blockchain. Each token represents a part or the entirety of the goods, making them easier to split and trade. This simplifies the buying and selling of small portions of goods for investors, provides more liquidity, and offers access to markets that are typically difficult to trade. You do not have to purchase the entire good (which can be very expensive and impractical) but can divide it into smaller pieces called tokens. Each token represents a small part of the goods. Blockchain technology can help tokenize various goods, including energy resources, real estate, precious metals, and agricultural products. Commodity-backed cryptocurrencies aim to be more stable digital assets than volatile cryptocurrencies. This stability is achieved by pegging their value to tangible goods such as real estate, gold, or oil. Tokenization of commodities clarifies ownership, enables fractional ownership, simplifies transactions, and promotes market activity. While the outlook is bright, tokenized goods also face challenges. The rules are not always clear, as existing regulations may not fully cover these rules. The technology behind tokenized goods must be adequately tested to handle the complexities of creating and trading these tokens.
