According to reports, U.S. President Trump is about to sign a landmark executive order (new crypto regulation policy) aimed at prohibiting banks from refusing to provide services to Bitcoin (BTC) and crypto assets related companies, which may reshape the relationship between the crypto industry and the financial system. Meanwhile, Indonesian Vice President Gibran Rakabuming Raka is exploring the inclusion of Bitcoin into the national reserves (Bitcoin national reserves), while the Bhutanese government has quietly shifted 517 BTC worth $59.2 million (sovereign fund holdings). The recognition of Bitcoin by governments worldwide is rapidly increasing, potentially triggering a new round of institutional interest and market fluctuations.

Recently, over 70% of derivatives traders are betting that Litecoin (LTC), Curve DAO (CRV), Toncoin (TON), Popcat (POPCAT), and Tron (TRX) will experience a rise, and market sentiment is clearly optimistic. As open interest steadily increases, the altcoin market is in a critical accumulation phase, and investors are highly focused on whether a new round of significant rebound is imminent.

With the Indian government strengthening tax regulation on Crypto Assets transactions, tax authorities have recently discovered up to $72 million in undeclared Crypto Assets income. This move not only reveals the compliance challenges of India's Crypto Assets industry but also reflects the unprecedented pressure and transformation demands faced by industry participants under an increasingly stringent regulatory environment.

Conflux (CFX) has maintained a clear rise trend since it stood above $0.10 on July 19, with a single-day big pump of 10% yesterday (CFX price surged). This round of volatility was driven by the rotation of alts and the offshore RMB stablecoin plan (CFX stablecoin) narrative. The technical aspect is forming a bullish inverse head and shoulders pattern, with the neckline coinciding with the short positions' maximum pain point at $0.23. If the long positions can strongly break through this key resistance level (CFX key resistance), the price may hit $0.27; conversely, if it falls below the $0.20 support (long positions' maximum pain point), it could retreat to $0.18 or even $0.16. The number of on-chain active addresses has reached a new high for the year (CFX on-chain activity), and the Bull vs Bear Battle is heating up.

USDT dominance sits near 4.42 percent and may fall below 3.0 percent as wave three completes.
March 2024 and January 2025 are marked as key periods for support near the 2.85 percent level.
The RSI and stochastic patterns suggest selling pressure is still strong on all technical

The NFT market made a strong comeback in July, not only with a significant rise in trading volume but also surpassing DeFi in user activity for the first time, becoming the new focus of the blockchain industry. With average prices doubling and the rise of creator platforms, NFTs are transforming from mere artworks and collectibles into diverse applications of digital assets, bringing new momentum to the market.

Ethereum (ETH) has rebounded strongly by nearly 8% this week, recovering more than 80% of last week's losses. Despite entering August, which historically performs poorly, institutional holdings have surged by 127.7% (enterprise-level ETH holdings), and on-chain daily trading volume has reached a historical high of 1.74 million transactions (ETH on-chain activity). Coupled with a technical leverage washout (1 billion USD in open contract liquidations), multiple indicators suggest that ETH may break seasonal patterns. Currently, ETH is only 22% away from its historical high. After a big pump of 48% in July, can August continue the rise and challenge new highs?

SharpLink is rapidly expanding its Ethereum (ETH) reserves at an astonishing pace, becoming the world's second-largest enterprise-level ETH holder in just two months. With the completion of the latest round of $200 million refinancing, SharpLink's total ETH holdings have surpassed the $2 billion mark, becoming a focal point of industry attention. This move not only alters the landscape of corporate encryption asset allocation but also injects new momentum into its long-term financial strategy.

Supported by key trend lines and the dual support of the golden fibonacci retracement level, Solana (SOL) is sending bullish signals on the technical front, with the Stochastic RSI indicating oversold conditions or a potential bottom. On-chain data further shows that whale addresses and retail investors (small SOL holdings) are simultaneously increasing their positions in SOL, leading to a surge in buying volume. Will the SOL price successfully break through the critical resistance level of $206 and initiate a new round of upward momentum?

Pudgy Penguins (PENGU) has recently attracted a large number of investors' attention due to the dual push of technical factors and market heat. With prices breaking through key patterns and surpassing competitors on Google Trends, does PENGU have the potential to challenge $0.041? This article will delve into the latest trends, technical indicators, and market sentiment of PENGU, providing investors with a comprehensive price prediction reference.

What happened in the past 24 hours? Let's take a look at the one-image recap of "Ai&Meme Daily"!
????8/8 update:
Musk retweets Bitcoin wizard animated emoji
Pump launches Glass Full Foundation, which will inject liquidity into ecological tokens.
The auction for dogwifhat's hat, bags.fun founder won with 6.8 BTC.
⚠ Warning: PVP risk is high, be cautious in your bets, must be careful.

A Bitcoin whale that had been dormant for nearly 10 years recently awakened and transferred 3,000 Bitcoins, worth about $350 million. These Bitcoins have seen a return of up to 34,548% since 2015. The whale diversified the funds into 30 new wallets, possibly seeking security or reducing tracking difficulty, but the market also faces short-term selling pressure risks.

On August 8, despite the rebound of Bitcoin and mainstream alts, the price of Pi Network (PI) continued to be stuck in narrow fluctuations, quoted at only 0.3582 USD, nearly 90% off its historical peak. The latest data shows that the 24-hour trading volume of Pi Network is only 66 million USD, far lower than that of mainstream tokens in the market. Demand has significantly weakened, and ecological activity is sluggish. Has Pi become a "ghost chain"? Or is there still an opportunity for a breakout? This article will analyze the risks and opportunities of Pi Network from multiple perspectives including trading volume, technical aspects, and potential catalysts.

Block Inc., led by Jack Dorsey, raised its full-year gross profit forecast for 2025 after exceeding expectations in the second quarter. This is mainly due to the rapid rise of Cash App's lending business and steady performance in payment volume. Square's merchant business continues to grow steadily, and progress has been made in Bitcoin mining chips and AI-driven operational efficiency. Despite uncertainties in the macroeconomic environment, the company remains optimistic and emphasizes that Bitcoin is at the core of its long-term strategy.

Thinking carefully about Vitalik Buterin's latest statements on L2 rapid withdrawals, it's quite interesting.
In simple terms: he believes that achieving quick withdrawals within 1 hour is more important than reaching Stage 2, and the rationale behind this priority adjustment is worth deeper consideration:
1) The one-week withdrawal waiting period has indeed become a major issue in practice, not only resulting in poor user experience but also significantly increasing cross-chain costs.

In the past 24 hours, the price of Sui (SUI) has risen by 5.2%, and the trading volume has surged by 56%, standing out against the backdrop of low performance in most Crypto Assets. Swiss bank AMINA is the first to offer SUI trading and custody services to its clients and plans to launch staking services, further accelerating institutional adoption. Since its launch in 2023, Sui's TVL has grown by 843% in 19 months, with stablecoin reserves exceeding $1 billion, and both network activity and price performance are in a phase of rapid growth. Technical Analysis indicates that SUI is likely to challenge the $4 mark again.