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Solana price erased most of its July gains after breaking below key support. Network activity is plunging, shorts are stacked high, and bearish momentum dominates; but could a sudden reversal still catch traders off guard?
VIPBitget VIP Weekly Research InsightsAs the backbone of the Ethereum ecosystem, the ETH infrastructure plays a vital role in ensuring the stability and security of core applications such as Layer 2 scaling, DeFi, and AI on-chain integration. With ETH staking APR stabilizing at around 3.5%, growing momentum in the modular narrative, and rising demand for AI-related computing power, infrastructure has become a strategic focus for medium- to long-term market positioning.
July saw a historic $12.8 billion inflow into US crypto ETFs, marking a significant shift as Bitcoin and Ethereum ETFs outperform traditional funds, fueling market optimism.
Share link:In this post: Riot reported $219.5 million in Q2 net income and $495.3 million in adjusted EBITDA. Bitcoin mining revenue surged to $140.9 million, driven by higher BTC prices and hash rate. Riot mined 1,426 BTC in Q2, with an average cost of $48,992 per coin.
Share link:In this post: The SEC has launched “Project Crypto” to overhaul its regulatory approach and establish the U.S. as the global leader in the crypto industry. The initiative aims to modernize outdated rules, create tailored frameworks for crypto asset classifications, and enable tokenized securities and on-chain trading. The SEC will promote flexible custody options and consolidated licensing for “super-apps.”
- 11:47David Sharbutt to Join BitMine (BMNR) Board of DirectorsJinse Finance reported that BitMine announced today that David Sharbutt has been elected as a member of the company's board of directors. As of 5:00 PM EST on August 27 (UTC+8), the company's cryptocurrency holdings include 1,792,690 ETH, 192 BTC, and $775 million in unallocated cash. BitMine's combined cryptocurrency and cash holdings exceed $9 billion. David is the founder, chairman, and CEO of Alamosa Holdings, which went public in 2000 and quickly expanded its operations to 22 states, generating revenues of over $1 billion.
- 11:38Creditlink ($CDL) raises over $53 million USD in 3 hours during presale, breaking BNB Chain fundraising recordOn-chain credit scoring platform Creditlink's token $CDL raised over 53 million USD and 1 million FORM within 3 hours of its presale on Four.Meme, breaking the fundraising record on BNB Chain.
- 11:32Nasdaq-listed company Caliber announces the establishment of a digital asset strategic treasury with a focus on supporting LINKJinse Finance reported that Caliber, a Nasdaq-listed real estate asset management company, announced that its board of directors has officially approved the establishment of a digital asset strategic treasury, with special support for the LINK token of the Chainlink protocol. The company plans to allocate part of its funds to purchase cryptocurrencies, focusing on acquiring LINK tokens and earning yields through staking. In addition, the company's board has also approved the establishment of the Caliber Cryptocurrency Advisory Committee to guide the implementation, supervision, and ongoing development of digital asset strategies, digital asset policies, and related digital asset programs.