News & Research

Binance founder Changpeng Zhao said that the one thing to avoid in the cryptocurrency market is selling at the bottom.

A Bitcoin OG has resumed purchasing ETH after a two-day pause, according to Lookonchain. The long-term holder, who previously bought 641,508 ETH, deposited and sold 1,000 BTC on Hyperliquid to acquire spot ETH.

Real Vision analyst Jamie Coutts stated that the current market cycle is characterized by a step-like ascent rather than a parabolic surge. He noted that a clear slowdown from the biggest demand drivers—companies holding Bitcoin and ETFs—suggests the possibility of further short-term declines. Coutts added that a correction is likely to continue until the fourth quarter, when the next wave of liquidity is expected. He identified potential catalysts for this liquidity as interest rate cuts, adjustments to the Supplementary Leverage Ratio (SLR), Chinese economic stimulus, and a wildcard event related to Donald Trump.

International Commercial Settlement, a company listed on the Hong Kong stock exchange, has announced plans to raise 500 million Hong Kong dollars ($64.0 million). The company intends to invest 90% of the proceeds in cryptocurrency and its Web3 business.

The total assets under management (AUM) in tokenized institutional alternative investment funds (IAFs)—which invest in asset classes outside of traditional stocks and bonds—grew by 47% over the past 30 days to reach $1.74 billion, Cointelegraph reported. According to data from RWA.xyz, Centrifuge leads the market with $700 million in AUM, representing a 40.4% share, followed by Securitize with $650 million and Superstate with $210 million. More than half of all tokenized IAFs are built on the Ethereum network.

The Ethereum Foundation has announced plans for a new protocol update aimed at enhancing interoperability between Layer 2 solutions to make them function more like a single, unified chain, The Block reported. Citing a blog post from the foundation, the report states that the initiative will focus on three key areas: Initialization, which includes modularized intents and standardization; Acceleration, focused on reducing latency and costs; and Finalization, involving real-time proofs and fast finality.

The combined market capitalization of Tether Gold (XAUT) and Pax Gold (PAXG), two tokenized gold assets issued on the Ethereum network, now stands at $2.2 billion, Unfolded reported, citing data from Token Terminal.

Cango, the Chinese auto trading service platform that previously acquired $256 million in BTC miners from Bitmain, announced it mined a total of 153.2 BTC this week. The company made no sales during the period and currently holds 5,126.8 BTC.

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) announced that the core Personal Consumption Expenditures (PCE) Price Index rose 0.3% in July from the previous month, matching economists' expectations. On a year-over-year basis, the index increased by 2.9%, also in line with the consensus forecast. The Federal Reserve considers the core PCE price index, which excludes volatile food and energy prices, its preferred measure of inflation.

Cryptocurrency firms raised a total of $1.8 billion in August, according to DL News. The fundraising brings the year-to-date total for the sector to $15 billion, an amount that already exceeds the total investment raised throughout all of last year.