Sovereign wealth funds are expected to become major holders of Bitcoin and related industries in the future, obtaining returns through blockchain staking, potentially evolving into a "digital dividend" similar to universal basic income, providing funding for social projects.

[Coin World] LINK (Chainlink) has pumped 10.00% in the last 24 hours, currently priced at $23.98.

[Block Rhythm] On August 17, according to an official announcement, a certain trading platform announced that as a security precaution, it has suspended the deposit of Monero (XMR), due to the detection of a single Mining Pool having gained over 50% of the total Computing Power of the network. This concentration of Computing Power may pose a potential risk to the integrity of the network.
The platform is monitoring the situation and will resume deposits once safety is confirmed. XMR transactions and withdrawals are still operating completely normally.

On August 17, several Tokens saw significant rises, with LPT rising by 10.13% to $7.318, and OKB rising by 9.22% to $113.52; the daily fall was primarily concentrated on ILV, which fell by 2.98% to $16.564.

In the past week, the NFT market trading volume rose by 30% to $173.2 million, the number of buyers increased to 214,716, and the number of sellers rose to 115,289. Although the transaction volume declined by 10.65%, the trading volume on the Ethereum network surged by 85%. High-value transactions were mainly concentrated in the Bored Ape Yacht Club series.

[Bit推] Canary Capital CEO predicts that Bitcoin may rise to $140,000 to $150,000 this year, attributed to ETF demand and an increase in institutional buyers, but holds a pessimistic view on Ethereum, believing it will be surpassed by emerging blockchains.

[Coin World] On August 17, according to on-chain data, "Brother Maji" Huang Licheng's total unrealized losses in long positions have expanded to 5.1 million USD. Currently, his BTC and HYPE long positions are in profit, while the unrealized losses for his ETH long positions have reached 5.14 million USD.

The research director of Standard Chartered Bank pointed out that the Norwegian Central Bank Investment Management Company increased its Bitcoin-related asset holdings to 11,400 coins in the second quarter, an increase of 83%. The fund gained Bitcoin exposure by increasing its holdings of MicroStrategy shares, and it expects a target price of $200,000 for Bitcoin by the end of the year, potentially reaching $500,000 by 2028.

[Chain News] On August 16, a user shared a screenshot of their position on a social platform, showing that they entered a position at an opening price of 4399.13 USD, going long on over 31,000 ETH with 5x leverage. The liquidation price is 2655.41 USD, and the current unrealized losses exceed 640,000 USD.

[Bit推] QCP released a report stating: After the release of the US PPI data, the possibility of a 50 basis point rate cut has been basically eliminated. In the field of Crypto Assets, US Treasury Secretary Basent stated that he would not sell seized Bitcoin and claimed that he would focus on exploring budget-neutral ways to acquire more Bitcoin to expand reserves. Bitcoin has stabilized around $119,000 after falling from a high of $124,000 to $117,000, risk…

On August 16, according to monitoring by 【Block Rhythm】, an OG Whale holding 23,969 BTC (worth 2.82 billion USD), after being dormant for 5 years, transferred 3,000 BTC (worth 353.16 million USD) to a new Wallet 2 hours ago.

According to data, if Bitcoin falls below $116,000, long order liquidations on mainstream trading platforms will reach $1.041 billion; if it breaks through $119,000, short order liquidations will reach $1.014 billion. The liquidation chart shows the strong liquidity response that may be triggered when the price reaches specific levels.

According to data from the platform, on August 16 at 15:39, 56,041,800 USDT was monitored being transferred from a certain trading platform to an unknown Wallet.

[Coin World] On August 16, according to data from the data platform, the supply of stablecoins on Ethereum increased by 16.4 billion dollars over the past month.

[Chain News] On August 16, Jupiter tweeted that it will stake up to $580 million of SOL from the JLP liquidity pool through its native staking mechanism. This move will enhance the yield of JLP and significantly increase the staking weight of Jupiter's verification nodes.

[Chain News] On August 16, it was reported that, in addition to Bitmine, another mysterious institution has been purchasing ETH. In the past four days, this mysterious institution has created 3 new wallets and withdrawn 92,899 ETH (worth 412 million USD) from a certain trading platform.

Recently, ETH price has experienced significant fluctuations, with a short-term rebound but a quiet market and decreased volume. Technical indicators show that bullish traders' strength is increasing, but there is no obvious trend. It is recommended to follow key buy and sell points as well as support and resistance levels.

At the 218th Ethereum Core Developer Meeting, the achievements and stability issues of Fusaka Devnet-4 were discussed, priorities for Devnet-5 were set, differences in cross-client blob fee calculations were addressed, the timeline decision for the Sepolia and Holesky forks was postponed, the Glamsterdam upgrade plan was advanced, and ePBS and BAL were confirmed as the main proposals.

[CoinWorld] CoinWorld reported on August 16 that Address 0x4B5...90AFA had exchanged 1090 ETH for 415,005 UNI during the ETH rise trend on August 13, then encountered a big dump, and bought 115,005 UNI 10 hours ago to lower the average price, accumulating a Build a Position of 6.26 million dollars in UNI; the current average cost is 11.82 dollars, with unrealized losses of 535,000 dollars.