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Sony Bank gets conditional OCC approval for US trust bank to issue dollar-backed stablecoin (The Block)
On August 25th, the cryptocurrency market continued to heat up. In the past 7 days, several popular assets have increased by over 50%, with STX and PROM rising by about 97% and 95% respectively, while ENA, TRUMP, and PUMP have also increased by 60% to 86%. The market is also relatively strong, with BTC up about 24% on the 7th, ETH up about 31%, and the Panic Greed Index rising to 74. However, the price chart has begun to show significant differentiation, with some popular currencies experiencing a pullback within 24 hours. A high increase does not mean it is suitable to chase now. ENA 7 days+86%, 24h-4.7%; AAVE 7 days+49%, 24-4.8%; HYPE, SUI, and NEAR have also experienced varying degrees of decline. This type of asset can be closely monitored for its acceptance after a correction. Key observations: *ENA: Leading the increase, waiting for a retracement before resuming trading. *AAVE: DeFi leader, the pullback after a sharp rise is worth paying attention to. *UNI: The increase is relatively moderate, pay attention to the rotation of DeFi sector. *SUI/NEAR/HYPE: The increase is not excessively overdrawn and can wait for a pullback warning. *TRX/TON/ATOM: Clearly lagging behind the market, there is a possibility of capital rotation if the market continues to strengthen. It should be noted that in the past 24 hours, the entire network has cleared about 1.617 billion US dollars, and the market leverage is still relatively high. Although the Meme sector is strong, short-term gains such as PENGU, PEPE, and TRUMP have already been significant, indicating a clear increase in the risk of chasing high prices. Next, the focus will be on price acceptance. Coins that have already risen sharply should wait for a correction before observing; Stagflation coins wait for changes in trading volume and capital flow. Instead of chasing after the rising price list to buy, it's better to set a warning price in advance and wait for the market to provide a more comfortable entry position. Risk Warning: The above is only for market information sharing and data analysis, and does not constitute any investment advice.
According to GMGN data, PoorGoal has invested approximately $95000 to purchase 26.9 million CATEs, with an average market value of approximately $2.8 million at the time of opening the position. At present, the market value of CATE is about 70.8 million US dollars, the position value of PoorGoal is about 1.98 million US dollars, the floating profit is about 1.96 million US dollars, and the investment return rate is about 2067%.
According to The Block, Teddy Fusaro, President of Bitwise, stated that Bitwise's Solana Pledged ETF (BSOL) had a trading volume of $108 million on Monday, setting a new daily record for Solana ETFs. On the same day, Bitwise's XRP ETF had a trading volume of over $80 million.
Cosmos Labs states that Cosmos EVM module users are being affected by ongoing security incidents and recommends that relevant chain request validators pause their operations. Community member De stated that when the Cosmos engineering team released version v0.7.2 on GitHub on August 19th, they only used a silent line to indicate that it contained important security fixes and did not release a public security announcement, resulting in attacks on multiple chains such as MANTRA, TAC, KiiChain, and Nessa.
In response to the 50% tariff imposed by the United States on approximately $20 billion in annual exports from Canada last Saturday, the Canadian government will hold a press conference on Tuesday (UTC+8) at 11 pm to announce a series of measures to protect and support its workers and businesses. Canada's domestic measures include expanding the scope of unemployment benefits and launching a loan program for businesses affected by tariffs, which the government calls the One Canadian Economy Agenda.