Headlines
▌USDe supply exceeds 12 billion, setting a record high.
According to official website data, the supply of the stablecoin USDe issued by Ethena Labs has exceeded 12 billion, currently around 12.02 billion, setting a record high.
▌In the past 24 hours, $208 million was liquidated across the entire network, with major liquidations in long positions.
Data shows that in the past 24 hours, $208 million was liquidated across the entire network, including $136 million in long positions and $72.57 million in short positions, with major liquidations in long positions. Among them, ETH liquidations amounted to $59.82 million, and BTC liquidations amounted to $26.76 million.
Market
As of publication, according to CoinGecko data:
BTC price is $115,345, 24-hour change -0.4%;
ETH price is $4,787.06, 24-hour change +2.1%;
BNB price is $881.38, 24-hour change +0.3%;
SOL price is $210.62, 24-hour change +7.4%;
DOGE price is $0.2375, 24-hour change +2.9%;
XRP price is $3.07, 24-hour change +2.8%.
TRX price is $0.3631, 24-hour change +0.1%.
Policy
▌Interpol arrested over 1,200 suspects in multiple African countries, seizing over $100 million in cryptocurrency.
On August 22, Interpol announced that authorities across Africa arrested over 1,200 suspects in a large-scale cybercrime operation and seized nearly $100 million, dismantling online fraud networks and illegal cryptocurrency mining activities. Meanwhile, investigators uncovered 11,432 pieces of malicious infrastructure related to ransomware, business email compromise schemes, and online investment fraud.
Blockchain Applications
▌Coinbase hinted at launching prediction markets, RWA, and other services.
Coinbase hinted on platform X that it will launch prediction markets, RWA, and other services, transforming into a 'one-stop exchange.'
Cryptocurrency
▌Bitmine spent $45 million to increase its holdings of 9,613 ETH, currently holding ETH worth $7 billion.
According to Arkham monitoring, Bitmine spent $45 million 32 minutes ago to increase its holdings of 9,613 ETH, currently holding ETH worth $7 billion.
An ancient Bitcoin whale deposited another 5,000 BTC into Hyperliquid to increase its ETH holdings.
According to OnchainLens monitoring, an ancient Bitcoin whale further deposited 5,000 BTC (worth approximately $574.67 million) into Hyperliquid to exchange for ETH. Now, this ancient whale holds 179,498 ETH, worth approximately $850.5 million, while maintaining a long position of 135,265 ETH, worth approximately $640.92 million.
Bitmine spent $45 million to increase its holdings of 9,613 ETH, currently holding ETH worth $7 billion.
According to Arkham monitoring, Bitmine spent $45 million 32 minutes ago to increase its holdings of 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). The value of this ETH was only $15 in 2015, and it has been dormant for 10.1 years.
LayerZero spent $110 million to acquire the Stargate proposal, which was approved.
LayerZero officially 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 to acquire the Stargate cross-chain bridge and its STG tokens for $110 million. According to the proposal terms, STG tokens will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a ratio of 1 STG for 0.08634 ZRO, equivalent to a value of $0.1675 per STG and $1.94 per ZRO.
Over 10,000 investors holding more than 1 billion won in assets at the five major Korean exchanges
As of August 5, among the five major Korean won exchanges, the number of investors holding over 1 billion won (approximately $710,000) in virtual assets reached 10,810, with an average holding of 2.229 billion won (approximately $1.59 million). This data vastly exceeds the average holding of 10,866,371 users across the five major exchanges (10.27 million won) by 200 times. Among those holding over 1 billion won in virtual assets, 76% (8,242 people) are Upbit users. By age group, the largest number of individuals holding over 1 billion won in virtual assets are those in their 50s (3,994 people), followed by those in their 40s (3,086 people), over 60 (2,426 people), and those in their 30s (1,167 people). Although only 137 individuals are in their 20s, their average holding amount is as high as 2.68871 billion won, significantly higher than other age groups.
"$125,000 rolling long ETH" whale has made a profit of $4.78 million, with a position value of about $120 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the "$125,000 rolling long ETH" whale's 15x ETH long position has made a profit of $4.78 million. Currently, its position is in a rolling state, holding 25,108.32 ETH, worth about $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 EIP-7702 phishing bulk transactions.
According to Scam Sniffer, a crypto anti-fraud monitoring provider, an investor lost approximately $1.54 million due to signing EIP-7702 phishing bulk transactions. Scam Sniffer reported multiple similar victim cases targeting EIP-7702 upgrade addresses and warned of phishing attacks involving bulk transfers targeting EIP-7702 upgrade addresses.
Important Economic Dynamics
▌Data: 62% of Americans expect unemployment to rise in the next 12 months.
According to The Kobeissi Letter, 62% of Americans expect unemployment to rise in the next 12 months, one of the highest levels since the 2008 financial crisis. This proportion has doubled in less than a year, and such a high proportion has never occurred 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, such a magnitude of expected change has always indicated a surge in unemployment in 100% of cases.
Trump Media Technology Group's Bitcoin reserves are currently worth billions of dollars, ranking eighth globally
According to @pete_rizzo_, Trump Media Technology Group (DJT.O) Bitcoin reserves are currently worth billions of dollars, making it the eighth largest Bitcoin holder globally.
European Central Bank President Lagarde: The state of the European labor market is better than expected.
European Central Bank President Lagarde: The state of the European labor market is better 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 a Wyoming blockchain seminar that the mismatch between traditional financial systems and blockchain protocols may impact traditional financial institutions. 'Because traditional systems cannot be updated in real time, these fault tolerance mechanisms are built into the system. In the cryptocurrency space, everything must be real-time, and cryptocurrency is a completely different matter. I do worry about how these financial giants will respond when the bear market inevitably returns. I know some people are optimistic and believe the bear market won't come again. I've been in this industry since 2012, so I know the bear market will return.'
Polish scholar: The US itself will become the biggest loser from increased tariffs.
Poland's Vistula University Finance and Business School International Relations Professor Novak stated that he believes the US will become the biggest loser from increased tariffs. In the current trade system, countries will eventually readjust the global trade landscape in various ways, placing the US in a very disadvantageous position, as other countries will not maintain such a high-tariff trade system with the US, ultimately leading to a reconstruction of the global trade pattern. A review of Trump's first presidential term reveals that increased tariffs do not lead to job growth, so I believe American consumers will bear the brunt of the tariffs, and the US will inevitably become the loser. (CCTV News)
Golden Encyclopedia
▌What are tokenized commodities?
Tokenized commodities represent partial ownership of real-world assets using digital tokens on the blockchain, while retaining their tangible value. A tokenized commodity is a digital version of a real-world item (such as gold, oil, or crops) recorded on the blockchain. Each token represents a part or the whole of the commodity, making it easier to split and trade. This simplifies the buying and selling of small portions of commodities for investors, providing greater liquidity and opportunities to access markets that are typically difficult to trade. You do not have to buy the entire commodity (which can be very expensive and impractical), but instead break it into smaller pieces called tokens. Each token represents a small part of the commodity. Blockchain technology can help tokenize various commodities, including energy resources, real estate, precious metals, and agricultural products. Commodity-backed cryptocurrencies are designed to be more stable digital assets than volatile cryptocurrencies. This stability is achieved by pegging their value to tangible commodities such as real estate, gold, or oil. Commodity tokenization clarifies ownership, facilitates fractional ownership, simplifies transactions, and promotes market activity. While the prospects are bright, tokenized commodities also face challenges. The rules are not always clear, as existing regulations may not fully cover these rules. The technology behind tokenized commodities must undergo proper testing to handle the complexities of creating and trading these tokens.
