WBETH Hits New All-Time High at $4,342.02 August 8, 2025, 18:02 UTC — According to Binance market data, WBETH has surged to a new all-time high of 4,342.02 USDT, marking a 24-hour gain of 5.64%. The rally reflects strong market momentum and growing investor interest.
Venture capital investment in crypto startups is projected to hit $25B by 2025, driven by bullish signals including Circle’s IPO, Stripe’s acquisition of Privy, Wall Street’s growing blockchain interest, and new digital asset regulations. Ava Labs’ Michael Martin and Galaxy Venture’s Mike Giampapa both see these factors fueling a surge in funding in the second half of the year.
I can also merge this with the Animoca–Cool Cats update into a single crypto/NFT market brief if you want it in one digestible snapshot.
Animoca Brands, alongside Coin Operated Group, has acquired a majority stake in NFT brand Cool Cats Group. The move aims to boost innovation, strengthen community engagement, and expand into new NFT market opportunities. As part of the deal, Yat Siu (Animoca co-founder and executive chairman) and Kenneth Shek (Mocaverse project lead) will join the Cool Cats board to steer its growth.
If you’d like, I can also prepare a one-line market impact takeaway for quick reference.
Net Income: $538.46M — up from $195.27M last year.
Bitcoin Holdings: +108 BTC this quarter → total 8,692 BTC.
BTC Revaluation: -$212.17M loss (vs. +$70.12M gain last year) due to fair value decline.
If you want, I can also put this side-by-side with CleanSpark’s and MARA’s results so you can see how Bitcoin-linked companies are trending this quarter.
Seller: Large ETH whale (identified via on-chain analysis by Ai Yi / BlockBeats).
Final Sell Order: 5,000 ETH @ $3,895 each.
Value: ≈ $19.475M.
Context: Sale followed ETH price surge.
Notable: Marks completion of whale’s 4th profitable trading cycle.
If you’d like, I can also map out the likely strategy and profit pattern this whale is using across these cycles—it might explain how they time these moves so effectively.
Two Seas Capital Opposes CoreWeave’s $9B Buyout of Core Scientific
August 7, 2025 — According to Cointelegraph, Two Seas Capital, the largest active shareholder of Bitcoin mining firm Core Scientific with a 6.5% stake, has publicly opposed the $9 billion acquisition offer from AI infrastructure company CoreWeave.
In a statement released Thursday, Two Seas Capital argued that the deal — finalized in July — significantly undervalues Core Scientific and exposes shareholders to “substantial economic risk” while disproportionately benefiting CoreWeave. The group pointed to the 30% drop in Core Scientific’s share price following the announcement as evidence of wider investor concern.
CoreWeave, which already leases AI data centers from Core Scientific, has sought to acquire the company since 2024 to expand its data center capacity amid growing demand for AI infrastructure. Two Seas Capital insists Core Scientific is well-positioned to capture this AI-driven growth without selling at what it calls a discount.
Following the release of the opposition letter, Core Scientific’s shares rose 3% to $14.38, while CoreWeave’s stock surged nearly 9% intraday. CoreWeave has previously made multiple bids — all initially rejected — before discussions resumed in June, causing Core Scientific’s stock to spike over 23% in a single day before a correction in July.#IPOWave #BuiltonSolayer #CryptoIn401(k) #USFedBTCReserve #Notcoin
BNB Surpasses 780 USDT with a 1.05% 24-Hour Gain August 7, 2025 – 19:52 UTC
According to Binance Market Data, BNB has broken past the 780 USDT benchmark, currently trading at 780.61 USDT. This reflects a 1.05% increase over the past 24 hours.
The upward movement signals steady bullish sentiment, though the pace of growth has narrowed compared to earlier sessions. Analysts note that maintaining levels above 780 USDT could pave the way toward testing the 785–790 USDT resistance range.
Bitcoin (BTC) Surpasses 117,000 USDT with a 1.54% 24-Hour Gain August 7, 2025 – 19:44 UTC
According to Binance Market Data, Bitcoin (BTC) has broken past the 117,000 USDT threshold, currently trading at 117,046.74 USDT. This marks a 1.54% increase over the past 24 hours.
The move above 117K USDT underscores continued bullish momentum, though the pace of gains has slightly narrowed compared to earlier intraday spikes. Traders are closely watching this zone as a potential springboard for further advances, with resistance eyed in the 117,500–118,000 USDT range.
Binance Square reports Bitcoin trading at 117,019.34 USDT, marking a 1.75% daily gain, as per Foresight News. That aligns with the figure you mentioned.
Other reliable sources show recent BTC/USDT quotes slightly higher:
CoinMarketCap lists it around 117,455.98 USDT.
TradingView reflects a price near 117,462 USDT, with a modest 1.6%–1.7% uptick over the past 24 hours.
These minor variances are normal across exchanges and data platforms due to differences in liquidity, timing, and reporting methods.
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Context & Market Sentiment
Foresight News specifically noted the 117K–118K USDT range as a key resistance zone, suggesting that sustained consolidation around this level may be building momentum for a breakout toward higher levels.
Broader market sentiment is positive:
Inflows into crypto products are rising, hinting at renewed investor interest.
Political shifts may also play a role—Bitcoin is gaining alongside moves to allow crypto investments in U.S. 401(k) plans. On August 7, President Trump authorized such changes, which pushed BTC up nearly 2%, briefly topping 117,300 USD.
💼 Parataxis Merges with SPAC in $640M Bitcoin Treasury Deal — Plans NYSE Listing
Parataxis Holdings LLC, a digital asset management firm, is set to go public through a merger with SilverBox Corp IV (SBXD), a special purpose acquisition company (SPAC). The newly formed entity, Parataxis Holdings Inc., plans to list on the New York Stock Exchange (NYSE) under the ticker PRTX, targeting up to $640 million to build a Bitcoin treasury.
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🧾 Key Details:
Deal Value: Up to $640 million
Includes $240M from SPAC funds (subject to redemptions)
Plus up to $400M from an equity line of credit (ELOC)
Estimated Valuation:
Base: ~$400M if shares trade at $10
Potential: ~$800M if full $400M ELOC is exercised
Geographic Focus:
U.S. and South Korea, with prior operations under Parataxis Korea
Parataxis Korea’s stock rose 4.5x since June 20, 2025, following its deal with Bridge Biotherapeutics
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🪙 Strategic Vision:
CEO Edward Chin emphasized the company’s mission to offer differentiated exposure to Bitcoin through an institutional, scalable investment platform targeting underserved markets.
Co-lead Joe Reece of SilverBox Capital praised the Parataxis team for building a “highly scalable digital asset management platform.”
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📊 Part of the Institutional Bitcoin Trend:
Parataxis joins other Bitcoin treasury companies amassing large BTC holdings:
Strategy (Michael Saylor): 628,791 BTC
Bitcoin Standard Treasury: 30,021 BTC
Trump Media & Technology Group: 18,430 BTC
MARA & XXX: 50,000 BTC and 43,514 BTC respectively
Government Holdings: U.S. (10 BTC), El Salvador (33 BTC), Bhutan (recently sold 776 BTC)
🏦 JPMorgan Names Kara Kennedy as Co-Head of Blockchain Division Kinexys
According to Foresight News, JPMorgan has appointed Kara Kennedy as the new Global Co-Head of its blockchain division, Kinexys.
Kennedy will lead the division alongside Naveen Mallela.
Prior to this role, she served as Executive Director and Head of Digital Asset Products within JPMorgan’s Securities Services division.
📌 Context:
Kinexys is JPMorgan’s newly launched blockchain-focused unit, part of its broader strategy to expand in the digital asset and blockchain infrastructure space.
The appointment highlights JPMorgan’s continued investment in blockchain innovation and institutional digital asset products.
📉 CMC Altcoin Season Index Falls to 36 — Altcoins Losing Momentum
According to CoinMarketCap (CMC) data, the Altcoin Season Index has dropped to 36.
🔍 What Is the Altcoin Season Index? This index tracks how many of the top 100 cryptocurrencies by market cap have outperformed Bitcoin (BTC) over the past 90 days.
A score above 75 typically signals an "Altcoin Season."
A score below 25 suggests a Bitcoin-dominant market.
📊 What Does a Score of 36 Mean?
Only 36 out of 100 top altcoins have outperformed BTC in the last 90 days.
Bitcoin has been outperforming most altcoins recently.
📌 Market Insight:
Capital appears to be rotating back into BTC and other major assets, indicating risk-off sentiment.
Altcoins are currently underperforming, and we are not in an altcoin season by this metric.
🔍 Binance August 2025 Proof of Reserves: Key Highlights
✅ Strong Asset Backing Confirmed
Binance’s August 1, 2025, Proof of Reserves (PoR) report confirms full backing—and in several cases, over-collateralization—of key crypto assets held on the exchange.
📌 Reserve Ratios by Asset:
Bitcoin (BTC):
User Balance: 591,163.84 BTC
Binance Wallet Balance: 608,639.99 BTC
Reserve Ratio: 102.96%
Ethereum (ETH):
User Balance: 4.55M ETH
Wallet Balance: 4.58M ETH
Reserve Ratio: 100.67%
Tether (USDT):
Reserve Ratio: 102.27%
BNB (Binance Coin):
Reserve Ratio: 111.74%
🛡️ What This Means:
Binance holds more than enough of each asset to fully cover customer holdings.
The over-collateralization boosts user confidence, especially during periods of market stress and ongoing regulatory oversight.
Binance reiterates its commitment to transparency, solvency, and user protection.
Liquid staking protocols (e.g., Lido, Jito) are reportedly not classified as securities under current SEC guidelines.
This removes the threat of enforcement actions that previously hung over these services.
2. Impact on Ethereum and Solana Ecosystems:
This move could boost institutional confidence in Ethereum and Solana.
Encourages broader participation in staking via platforms like Lido and Jito.
Enhances liquidity and reduces centralization risk by promoting decentralized staking.
3. Regulatory Implication:
Suggests the SEC is beginning to distinguish between staking infrastructure (protocol-level) and staking-as-a-service offerings (centralized platforms like exchanges).
May set a precedent for how future DeFi protocols are treated under U.S. law.
4. Market Sentiment:
Could lead to a positive market response as it reduces regulatory uncertainty.
Projects with similar models (e.g., Rocket Pool, Marinade) may also benefit.