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- SPX6900 (SPX), a Solana-based meme coin, faces a 40% price drop and $41M daily volume decline in August 2025 amid bearish momentum. - Technical indicators show mixed signals: RSI/MACD suggest buyer interest, but price remains below 50-day EMA and within a rising wedge pattern. - Social media sentiment remains strong due to multi-chain interoperability, but on-chain metrics reveal hoarding by long-term holders and a 37% market cap drop. - Whale activity highlights fragility: $3.73M withdrawal from Bybit a
- The U.S. GENIUS Act establishes federal stablecoin regulations, defining issuer eligibility and operational requirements while excluding non-compliant entities. - Key gaps remain in redemption mechanisms, technical standards, and interoperability, risking secondary market instability and fragmented digital dollar ecosystems. - Lack of smart contract audits, liability clarity, and monetary interchangeability rules creates vulnerabilities, potentially undermining user trust and systemic stability. - Prohib
- Tron's community approved a 60% transaction fee cut via on-chain governance to boost adoption and DApp engagement. - The reduction targets small/medium users, addressing high costs compared to Ethereum and Solana while leveraging infrastructure upgrades. - Analysts link the move to broader blockchain trends, expecting increased user activity and microtransaction-focused projects on Tron. - The change aligns with Tron's long-term strategy to lower entry barriers and strengthen competitiveness in decentral
- Galaxy Digital's recent Bitcoin withdrawals highlight institutional liquidity strategies and market impact. - August 2025 transactions of $13.2M and $16.21M BTC reflect strategic rebalancing and large-scale positioning. - The July $9B estate-planning sale minimized price disruption, contrasting with a July $1.18B dump causing a 2.45% drop. - Regulatory clarity (GENIUS Act) and ETF approvals boost Bitcoin's institutional adoption, with price targets up to $135K. - Galaxy's lending strategies and macroecon
- Solana (SOL) gains traction as institutional capital surges, driven by ETF inflows, staking yields, and technical upgrades. - The REX-Osprey SSK ETF attracted $164M in inflows, while public companies staked $1.72B in SOL at 6.86% yields. - Alpenglow upgrades boosted Solana’s TPS to 65,000+, outpacing Ethereum, and U.S. GDP data tokenization added institutional validation. - A 15x institutional inflow multiplier model projects $335 price target by Q4 2025, mirroring Ethereum’s ETF-driven growth. - A 91% p
- Ethereum ETFs attracted $3.37B in August 2025 inflows, surpassing Bitcoin ETFs' $966M outflows as institutions shift toward yield-generating infrastructure. - Ethereum's 3.8–5.5% staking yields, deflationary supply model, and 2025 SEC utility token reclassification under CLARITY Act drive institutional adoption over Bitcoin's zero-yield model. - Dencun/Pectra upgrades reduced Layer 2 fees by 94%, boosting DeFi TVL to $223B, while 60/30/10 allocation models now prioritize Ethereum-based ETPs for stability
- 20:04The US Dollar Index fell by 0.04% on the 29th.Jinse Finance reported that the US Dollar Index fell by 0.04% on the 29th, closing at 97.771 in the foreign exchange market.
- 20:03Trump Cabinet Warns Court: Ruling Tariffs Illegal Could Trigger Diplomatic CrisisJinse Finance reported, citing foreign media, that on Friday, Trump administration officials told the Federal Circuit Court of Appeals that ruling Trump's global tariffs illegal would severely damage U.S. foreign policy. Treasury Secretary Bessent warned that this would bring "dangerous diplomatic embarrassment." The White House submitted statements from Bessent, Commerce Secretary Lutnick, and Secretary of State Rubio to the Federal Circuit Court of Appeals in Washington. The court is expected to soon rule on whether Trump exceeded his authority to impose tariffs under the 1977 Emergency Powers Act. During oral arguments on July 31, judges expressed skepticism about the government's claim of broad tariff powers, suggesting they might support the challenge brought by a group of small businesses and a coalition of Democratic-led states. Several cabinet ministers stated that if the tariffs are ruled invalid, it would overturn the results achieved after months of negotiations with countries such as the EU, Japan, and South Korea. "Suspending the effectiveness of the tariffs would expose the United States to the risk of retaliation from other countries, as they would believe the U.S. lacks the ability to respond quickly to retaliation," Bessent said.
- 19:43Fed's Daly believes tariff-related price increases are a one-time impactAccording to Golden Ten Data, Federal Reserve official Daly stated that he still believes the price increases related to tariffs will be one-off and will not have a lasting impact on long-term inflation.