August 24 Cryptocurrency Market Hotspot Tracking
1. Bitcoin Whale Operations Attract Attention: On August 24, an ancient Bitcoin whale deposited 5,000 BTC (approximately $575 million) into Hyperliquid for the purpose of exchanging for ETH. Currently, it holds 179,498 ETH (approximately $851 million) and maintains a long position of 135,265 ETH (approximately $641 million). Such large transactions impact market sentiment and capital flow.
2. ETHZilla Significantly Increases Fundraising Scale: Nasdaq-listed Ethereum treasury company ETHZilla revised its sales agreement and will raise up to $10 billion by issuing and selling common stock, with the aim of continuing to purchase ETH. This move reflects its optimistic outlook on the future value of Ethereum.
3. BlackRock BUIDL Fund Scale Grows: According to on-chain data, the BlackRock BUIDL fund has reached $2.38689 billion, with 88 holders. This fund is targeted at institutional investors, with a minimum threshold of $5 million, and management fees ranging from 0.20% to 0.50%. The growth in scale indicates institutional interest in cryptocurrency investments.
4. The Number of Cryptocurrency Types is Astonishing: As of August 2025, the total number of cryptocurrencies created globally exceeds 18.9 million, but only about 18,000 active trading coins are listed on mainstream tracking platforms. Most tokens lack value, users, and liquidity, with market value and attention concentrated on a few mainstream assets.
The cryptocurrency market remains full of uncertainties and opportunities, continuously attracting the attention of global investors, with its future direction worthy of ongoing observation.
