James Van Straten: Bitcoin is approaching a gold crossover, and the current market structure is different from 2022

According to CertiK monitoring, Term Labs suffered a governance attack, resulting in approximately $8.5 million in asset losses. The attacker's address held 2843 ETH and approximately 1.6 million DAIs.

CoinDesk analyst James Van Straten stated that Bitcoin is approaching a golden crossover pattern where the 50 day moving average (50DMA) crosses the 200 day moving average (200DMA), and the current market structure differs from the 2022 cycle.

[Bitcoin Puell Multiple Rises to 0.96, Largest Increase in Nearly 3 Months] According to Digital Asset, as of 22:00 (UTC+8) on August 22, the Bitcoin Puell Multiple rose to 0.96, marking the largest increase in nearly 3 months since May of this year. Bitcoin miners' holdings are approximately 1.191 million BTC, a decrease of 46 BTC compared to a week ago. The 7-day moving average of Bitcoin's total network hash rate increased to approximately 905 million TH/s, up by about 10.14 million TH/s in a week.

According to Defillama data, Hyperliquid's revenue this week reached $16.93 million, an increase of nearly 196% from last week's revenue of $5.72 million.

According to growthepie data, the top five revenue streams of the Ethereum ecosystem in the past 7 days are: Ethereum mainnet $3.46 million, Base Chain $1.1 million, Polygon PoS $50482 million, Robinhood Chain $370640, and Arbitrarum One $116420; The Ethereum mainnet and Base Chain have increased by 149% and 271% respectively.