BTC has the potential to hit $64K or a $66K breakout

Hot projects + Market overview

I. Mainstream exchange news

• 47 crypto firms, including Coinbase and KuCoin, apply for Turkey licenses amid new regulations.
• Binance Futures is set to list the SYN/USDT perpetual contracts with up to 50x leverage.

II. Mainstream projects and trending events

• DOGS has expanded withdrawals, extended claiming, and set its TGE for August 23.
• Wintermute has deposited 4,229 Wrapped Bitcoin (WBTC) into Binance.
• Traders expect the US Federal Reserve to cut interest rates by under 30 basis points in September.
• According to a poll by ABC News, The Washington Post, and Ipsos, US Vice President Kamala Harris has a support rate of 49% among registered voters, while Donald Trump's is 45%.
• Babylon is set to initiate the first phase of its Bitcoin staking mainnet next week.
• A prominent investor has liquidated their WBTC holdings, which had accumulated over the last 10 months, making a profit of approximately $14.26 million.
• Orderly Network will launch its ORDER token on August 26, with a detailed tokenomics model.
• PwC and NTT Digital in Japan are developing digital public goods through Web3 and blockchain.
• DePIN Protocol io.net has launched its staking feature.
• Restaking protocol Swell Network has completed the White Pearls snapshot, allowing point holders to share in all upcoming Swell L2 airdrops.

III. Funding news

• Goldilocks DAO, a decentralized autonomous organization network based on Berachain, has raised $1.5 million in seed funding led by Hack VC and Shima Capital.
• A stablecoin infrastructure firm, WSPN, has raised $30 million in a seed funding round led by companies including Folius Ventures. 

IV. Regulatory news

• The Nigerian Federal Inland Revenue Service (FIRS) will introduce a comprehensive cryptocurrency bill in September to modernize and simplify tax laws.
• Hong Kong legislator Tam Yue-heng is pushing for standardized development of virtual asset trading platforms and products.
• A Nigerian court has frozen around $38 million in crypto meant for protest support.
• A Dubai court has approved cryptocurrency as a legitimate form of wage payment.
• Russia's central bank and Ministry of Finance are discussing the creation of a Russian Crypto Exchange.
• The Central Bank of Ghana has proposed draft guidelines for regulating digital assets, focusing on exchanges and consumer protection.

V. Popular projects

BTC moves

BTC remains in a consolidation phase, staying above the critical support of $55,000. 

Short-term resistance is at $61,147, with potential upside targets of $64,141 and $66,000 if a breakout occurs. 

The uptrend is intact as long as BTC stays above $55,000.

Market overview

Solana's profitability has declined, prompting a shift in funds to older tokens on CEXs, although this hasn't yet had a significant market impact.

As volatility decreases, the market is either awaiting a BTC breakout to lead a broader recovery or looking for wealth effects to lift key assets and attract investor interest.

YAWN is up 104% in a day

The price of YAWN, a memecoin featuring a member from the Pepe comic Boy's Club, has surged 104% in the last 24 hours.

YAWN offers its holders opportunities to benefit from its expanding brand and community-centric initiatives. The Yawn website features products like sleep gummies, creatine, hangover patches, and calming capsules. Upcoming merchandise such as T-shirts, hoodies, hats, and plush toys will further solidify the brand’s presence.

YAWN has a total supply of 8 billion tokens, with no taxes or transaction fees, and has reached a market cap of $26.97 million.

RARE is up 29% in a day

SuperRare, an NFT trading platform, has seen its token RARE rise by 29% in the last 24 hours.

Despite the current downturn in the NFT market, Binance's announcement to list RARE contracts has increased market attention.

Moreover, the inflow of funds into CEXs to speculate on older projects has driven the surge, with the funding rate for RARE contracts spiking to -2%.

RARE has reached a market cap of $185 million, with a 24-hour trading volume exceeding $700 million.

CATDOG is up 12% in a day

CatDog, a memecoin that combines cat and dog themes, has surged 12% in the last 24 hours.

The CatDog project features zero taxes and burned LP, with plans to release related products like comics.

CatDog reached a new all-time high, with on-chain liquidity of $778,000 and a market cap of $56.3 million. The 24-hour trading volume has exceeded $16 million.

AMB is up 12% in a day

AirDAO, a transparent Layer 1 blockchain, has seen its token AMB rise by 12% in the last 24 hours.

With a total supply of 6.5 billion tokens, AMB operates on a deflationary model, having already burned 19.18 million tokens.

AirDAO collaborated with Star Feet on Galxe to launch a 1,000 USDC event, attracting over 2,800 participants.

AMB has reached a market cap of $23.41 million.

On-chain daily

1.D/ACC: D/ACC is a memecoin on the Ethereum chain which was created nearly nine months ago. It has recently gained popularity due to Vitalik's minting of the ENS domain "dacc.eth," which has attracted market attention.

Current Price: $0.000325

Historical High:$0.000565

24-Hour Change: +1200%

Current Market Value: $32.5M

Official Twitter:https://x.com/DACCtoken 

2.FFTP: FFTP is a memecoin on the Ethereum chain featuring the campaign slogan "FIGHTING FOR THE PEOPLE" of Kamala Harris, the Democratic presidential candidate.

Current Price: $0.0(7)484

Historical High:$0.0(7)61

24-Hour Change: +27%

Current Market Value: $2M

Official Twitter:https://x.com/harrishat_eth 

3.r/snoofi: r/snoofi is a memecoin on the Solana chain featuring the dog on the Reddit.

Current Price: $0.00758

Historical High:$0.016

24-Hour Change: +51%

Current Market Value: $7.5M

Official Twitter:https://www.reddit.com/r/snoofi/ 

4.EARLY: EARLY is a memecoin on the Solana chain which is mediocre in terms of the concept. However, prominent early Bitcoin investor and YouTuber Davinci Jeremie has been found to hold a large amount of tokens across multiple wallets.

Current Price: $0.0039

Historical High:$0.0045

24-Hour Change: +2400%

Current Market Value: $3.9M

Official Twitter:https://x.com/EarlyRisersSol 

5.APES: APES is a memecoin on the Solana chain featuring a monkey-themed amusement park. Users can play games in their TG Bot and also stake tokens.

Current Price: $0.00499

Historical High:$0.00651

24-Hour Change: +61%

Current Market Value: $5M

Official Twitter:https://x.com/Apesol_gang 

6.MIGGLES: MIGGLES is a memecoin on the Base chain claiming to be the mascot of Coinbase, but it is unrelated to Coinbase or Base. It is one of the few memecoins on Base with a solid fundamental background.

Current Price: $0.0336

Historical High:$0.118

24-Hour Change: +15%

Current Market Value: $32M

Daily runes observation

Gas Fee Change:

The current BTC transaction fee remains low at 4 satoshis/byte. Regardless of the cryptocurrency's price, transaction fees have remained persistently low for a month and a half.

Today's Popular Projects:

1. NOOT•NOOT•MFERS

   - Fully minted

   - Market Value: $428K

   - 24-Hour Trading Volume: $13,101

   - 24-Hour Change: + 84%

   - Holding Addresses:817

2. SEND•RUNE•PEPE

   - Fully minted

   - Market Value: $160K

   - 24-Hour Trading Volume: $6,991

   - 24-Hour Change: + 65%

   - Holding Addresses:1,714

3. DEPIN•RUNE•DEAI

   - Fully minted

   - Market Value: $3.8M

   - 24-Hour Trading Volume: $8,249

   - 24-Hour Change: +27%

   - Holding Addresses:485

Top Rune Projects Tracking:

- DOG•GO•TO•THE•MOON: Rune #3, airdrop Runes of Runestone

  - Current Price: 4.88 Sats

  - 24-Hour Change: -2.2%

  - Current Market Value: 4,880  BTC

- BAMK•OF•NAKAMOTO•DOLLAR: Synthetic dollar protocol on Bitcoin L1

  - Current Price: 6.1 Sats

  - 24-Hour Change: -15%

  - Current Market Value: 1,280 BTC

- RSIC•GENESIS•RUNE: Rune #8, from RSIC inscription mining project

  - Current Price: 7.38 Sats

  - 24-Hour Change: +2.5%

  - Current Market Value: 1,550 BTC

Performances of today's top three tracks

SocialFi: An overall daily increase of 7.4%

1. Ton:Ton was a Layer1 based on Telegram, which was first proposed in 2018. It failed during its ICO in 2019 due to regulatory issues with the U.S. SEC, halted further development in 2020, and was restarted in 2021. TON aims to provide fast, secure, decentralized payment and digital identity services for over 500 million users. Mini Apps on TON are considered a potential breakthrough for massive adoption, with notable applications including Notcoin and Catizen.

   - Daily Increase: +8.5%

   - Current Price: $7.5

   - Current Market Value: $17.7B

   - 24-Hour Trading Volume: $542M

2.MBL：MovieBloc is a participant-centered film ecosystem, which empowers filmmakers with transparent revenue share, insightful audience data, and equal screening opportunities. Viewers, in turn, have access to a variety of films and content and are rewarded by joining the community.

  - Daily Increase: +3.1%

  - Current Price: $0.0025

  - Current Market Value: $46M

  - 24-Hour Trading Volume: $2.9M

3.SYLO: The Sylo protocol acts as the confidential networking layer for the Sylo App, creating P2P connections and providing a way for users to interact and exchange data confidentially. It is being developed to provide completely decentralized and give confidential communication as a utility to all connected applications within the Sylo ecosystem.

  - Daily Increase: +3%

  - Current Price: $0.00105

  - Current Market Value: $4.36M

  - 24-Hour Trading Volume: $2.2M

NFT: An overall daily increase of 7.4%

1. RARE：RARE is the NFT market, SuperRare’s platform token, which experienced a surge in value since Binance Futures launched the RAREUSDT perpetual contracts.

 - Daily Increase: +24%

 - Current Price: $0.258

 - Current Market Value: $180M

 - 24-Hour Trading Volume: $812M

2.COVAL: Emblem Vault is an NFT platform that enables cross-chain transfers of any digital asset.

 - Daily Increase: +15%

 - Current Price: $0.00226

 - Current Market Value: $4M

 - 24-Hour Trading Volume: $41K

3.TABOO：TABOO is an adult NFT and streaming media project, focusing on highly exclusive content.

- Daily Increase: +6.7%

 - Current Price: $0.000307

 - Current Market Value: $3M

 - 24-Hour Trading Volume: $32K

GameFi: An overall daily increase of  2.2%

1. DAR：DAR is an action-adventure game with a blockchain real estate market,where users can adopt and combine in-game items, then use them to upgrade their characters (skills and equipment), thereby increasing their rank in the game.

 - Daily Increase: +59%

 - Current Price: $0.197

 - Current Market Value: $120M

 - 24-Hour Trading Volume: $966M

2.VOXEL: Voxie Tactics is a 3D Tactical RPG game that players can play against the computer by exploring the VoxelVerse or challenge friends in the PVP Arena.

- Daily Increase: +45%

 - Current Price: $0.154

 - Current Market Value: $29M

 - 24-Hour Trading Volume: $41M

3.FIRE: Matr1x Fire is a blockchain-based multiplayer online first-person shooter game.

- Daily Increase: +28%

 - Current Price: $0.653

 - Current Market Value: $25M

 - 24-Hour Trading Volume: $5.8M

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

Please note that this article includes references to third-party websites and data, which are provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.