SOL falls below the $200 mark

Bitget LDO/USDT's perpetual trading volume surged tenfold within 10 minutes, with a turnover of 12.4 million US dollars in the past 24 hours, an increase of 0.57% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

This week, 13 institutions increased their holdings of Bitcoin, with a total position of nearly one million coins According to BTTrends data, 13 institutions disclosed their increased holdings of Bitcoin this week, including Galaxy's increase of 2894 coins and Metaplanet's increase of 518 coins. As of August 16th, the top 100 listed Bitcoin treasury companies held a total of 975475 BTC in storage.

Kraken suspends Monero recharge due to concentrated computing power Kraken announced the suspension of Monero (XMR) recharge due to a single mining pool computing power exceeding 50%, in order to prevent network risks. The trading and withdrawal functions are not affected. The platform is monitoring the situation and will resume recharging after confirming security.

Data: IBIT institutions' shareholding ratio increases to 28% in the second quarter of 2025 According to a report by Golden Finance, Trader T revealed that the shareholding situation of IBIT institutions in the second quarter of 2025 is as follows: The number of institutional holders has increased by 18% Institutional shareholding ratio rises to 28% The increase in holdings of investment advisors and securities firms (by quantity) exceeds that of hedge funds Interestingly, 8% of the holders are from Jersey

Thailand allows foreign tourists to exchange cryptocurrency for Thai baht for electronic payments According to Golden Finance, Thailand will launch the "TouristDigiPay" program on Monday, allowing foreign tourists to exchange cryptocurrency for Thai baht for electronic payments within the regulatory sandbox framework. The maximum monthly spending limit for a single account is 500000 Thai baht (approximately $14000), aiming to boost the recovery of the tourism industry. This plan is only for short-term visitors and requires strict KYC verification. According to the plan, foreign tourists must open accounts separately with digital asset companies and electronic currency providers regulated by the US Securities and Exchange Commission and Thai banks. The plan operates within a regulatory sandbox to ensure oversight and prevent the direct use of digital assets as a payment method. This service is only available to foreign tourists temporarily residing in Thailand. Participants must complete KYC audits in accordance with the standards of the Thai Anti Money Laundering Office. This service allows tourists to exchange digital assets for Thai baht and make electronic payments through QR code scanning. Previously reported, the Thai SEC and central bank plan to launch a "crypto sandbox" to support foreign tourists in exchanging cryptocurrency assets for Thai baht for consumption.