🔝 Top Gainers in #ETH Ecosystem Last Month

📈 The market capitalization of stablecoins has risen from $205B to $268B (+23.5%) and could reach $300B by the end of the year. #stablecoin

🕵️‍♂️ #BTC Matrixport withdrew 2,354.6 BTC ($272 million) from Binance and OKX and transferred 95,873 ETH ($452 million) to CEX.

Addresses:
- 0xF6a834c4e4D02e810fC5883CeC7aaC959405E2A7
- 0x0A073212068B686310E260a3020d28B8CC60ee0f

🆕 #DORA added to Binance Alpha Projects list

🇪🇺🏦 ECB: After the US stablecoin bill was passed, EU officials revisited the digital euro project. They are now considering various technologies for its development, including both centralized and decentralized approaches, as well as distributed ledger technology. However, no final decision has been made yet.

🔮📈 90% chance #ETH reaches $5,000 in 2025, according to crypto prediction platform Polymarket.

🗣 #BTC Eric Trump expects that BTC will reach $175k this year, and eventually $1 million.
Also stated that American Bitcoin is exploring the possibility of acquiring publicly listed companies in Japan and Hong Kong that could serve as treasury digital asset management tools.

📝 #BTC Ecosystem projects without the token (yet)

🗣 #ETH Tom Lee: Ethereum is essentially having its 1971 moment equivalent.

In 1971, the US dollar went off the gold standard. After the initial shock, the stock market experienced a significant upward surge, known as the "Nixon Rally."

🔓📝 Upcoming major token unlocks:
#SVL 18.83% ($35.5M) – Aug 30
#REZ 12.16% ($4.1M) – Aug 30
#KMNO 3.20% ($4.7M) – Aug 30
#ALT 2.52% ($3.4M) – Aug 25
#BLAST 1.98% ($2.3M) – Aug 26
#JUP 1.75% ($26M) – Aug 28

📊👀 #BTC According to glassnode data, the daily transaction fees on the BTC network (14-day SMA) recently dropped to 3.5 BTC, marking the lowest level since late 2011.

🤑😱 Fear&Greed Index for #BTC and #ETH

🌎 #TRX TRON is the most-used blockchain for stablecoin transfers in 35 of 50 countries studied — spanning Asia, Africa & LatAm. coindesk

🇸🇻📈 #BTC El Salvador keeps stacking sats — still adding 1 BTC per day.

Treasury now holds 6,278 BTC (~$721M).

✅ #ZRO #STG LayerZero: Stargate DAO approved acquisition of Stargate.

⚖🍿 #XAI The team of blockchain project Xai filed a lawsuit against Ilon Musk's xAI, accusing the latter of trademark infringement and unfair competition. It is claimed that Ilon's legal team tried to pressure Ex Populus into giving up its rights by threatening to cancel its registration earlier this month.
The US Patent and Trademark Office has already suspended several of Musk's applications to register the xAI trademark.

📉 #BTC Glassnode: Daily transaction fees on the BTC network (14-day SMA) fell to 3.5 BTC, marking the lowest level since late 2011.

📊 #ETH CoinGlass: Over the last week ~108,000 ETH has been transferred to CEX, with 119,300 ETH withdrawn from Coinbase Pro (over the last 30 days >940k ETH)

📊👀 #BTC #ETH Santiment Report:
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.

🔍 #WLFI The top 10 participants in the WLFI public sale round own 4.63% of the total supply (4.64 billion WLFI).
The address with the most tokens moonmanifest.eth owns over 1 billion tokens, well ahead of the rest.

💰 #ETH Bitmine (#BMNR) acquired another 9,613 ETH ($45.6 million) and now owns 1,585,461 ETH ($7.5 billion).