BTC must stay above $64K to hit $66K; falling below this mark may signal a downtrend

Hot projects + Market overview

I. Mainstream exchange news

• Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts.
• Binance has listed the VIDT/USDT perpetual contracts.
• OKX will delist the FITFI/USDT, GARI/USDT, XPR/USDT, AKITA/USDT, TAMA/USDT, and WNCG/USDT spot trading pairs on August 30.

II. Mainstream projects and trending events

• 500 BTC ($32.12M) were sent to Binance from a wallet likely linked to Justin Sun's team, while 637 WBTC ($40.78M) were withdrawn to Ethereum address 0xbE6...1cD.
• Telegram founder and CEO Pavel Durov has been arrested by the French National Fraud Office. In response, Memeland has purchased $1 million worth of TON to show support, while the DOGS community and prominent figures like Elon Musk have also rallied behind Durov.
• SUI, OP, and ZETA are significant token unlocks this week, with a total release exceeding $530 million in value.
• Following US Federal Reserve Chairman Jerome Powell’s speech, CITIC Securities continues to predict a 25 basis point rate cut in September.
• Ethereum co-founder Vitalik Buterin has praised Aave, expressing his appreciation for the platform while highlighting the need to maintain sustainability without compromising key principles like decentralization.
• The US Trustee overseeing the FTX bankruptcy has filed a complaint citing ten key issues with the proposed bankruptcy plan, including overly broad legal protections for involved entities, unfair treatment of smaller creditors, and the lack of provisions for covering data breach costs.
• Robert F. Kennedy Jr. has announced his withdrawal from the presidential race and has endorsed Donald Trump.
• Tether CEO Paolo Ardoino said that Tether has no intention of launching its own blockchain, adding that blockchains should only serve as a transmission layer.
• The 140th Ethereum All Core Developers Consensus Call (ACDC) discussed the upcoming Ethereum consensus layer upgrade, which will be named “Fulu.”
• Tron founder Justin Sun assured users that the USDD stablecoin remains secure even after approximately $750 million worth of Bitcoin support was removed from the Tron DAO Reserve Fund.

III. Funding news

• Bitcoin-native stablecoin project Ducat has completed a $1.25 million pre-seed funding round, led by UTXO Management.
• g8keep, a Web3 security and transparency platform, has raised $1.25 million in pre-seed funding participated in by Robot Ventures.

IV. Regulatory news

• Russia plans to establish two new crypto exchanges to boost foreign trade, with one potentially based on the existing St. Petersburg Currency Exchange (СПВБ).
• The government of El Salvador has increased its Bitcoin holdings in the last five months, bringing its total holdings to 5,850 BTC.

V. Popular projects 

Market overview,

BTC has risen above the daily MA140 (140-day moving average) level of $63,856, briefly surpassing the first target of $64,000 before pulling back. If BTC holds above $64,000, the next target will be $66,000.

However, if BTC falls below $64,000 and does not recover - or if it drops below $60,342, which was the price when the recent rally began - a weakening trend could start.

FWOG is up 60% in a day

The price of FWOG, a frog-themed memecoin created by artist @Groowut, has surged 60% in the last 24 hours.

Known for its high-quality artwork, FWOG has become a notable token with strong wealth effects on-chain.

The token has reached a new all-time high, with 10,400 holders and a 24-hour trading volume of $30 million.

Simon's Cat is up 38% in a day

Simon's Cat, a popular IP with over 15 million followers on Facebook and YouTube, has seen its token rise by 38% in the last 24 hours.

This memecoin, a collaboration between Simon's Cat and FLOKI, is backed by market maker DWF Labs.

The token has reached a market cap of $200 million, with $15 million in liquidity locked, driving it to new highs.

SUNWUKONG is up 36% in a day

The price of SUNWUKONG, a memecoin on the Tron ecosystem inspired by the hit game "Black Myth: Wukong," has surged 36% in the last 24 hours.

The token has seen multiple interactions with Tron founder Justin Sun, experiencing a short-term price increase of over 60x.

However, on-chain liquidity remains low at $1.07 million, with a market cap of $29.46 million.

SUNDOG is up 17% in a day

SUNDOG, the premier memecoin launched on Justin Sun's SunPump, has surged 17% in the past 24 hours.

Following its Bonding Curve sale on August 15, SUNDOG has become the leading token on SunPump, with a market cap of $248 million.

On-chain daily

1. REDO: REDO is a memecoin on the Ton chain featuring a dog personally drawn and named by Telegram founder Pavel Durov, with the full name Resistance Dog, symbolizing the spirit of resisting censorship.

Current Price: $0.744

Historical High:$1.43

24-Hour Change: +150%

Current Market Value: $74M

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

2. BUFFI: BUFFI is a memecoin on the Ethereum chain featuring the costume Buterin Vitalik wore at ETH Denver on February 21, 2022.

Current Price: $0.0(5)801

Historical High:$0.0(4)12

24-Hour Change: +12%

Current Market Value: $3.4M

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

3. REDO: REDO is a memecoin on the Ethereum chain with the same concept as REDO on the Ton chain.

Current Price: $0.000766

Historical High:$0.00101

6-Hour Change: +51%

Current Market Value: $767K

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

4. vibes: vibes is a memecoin on the Solana chain featuring a monkey wearing headphones with its eyes closed.

Current Price: $0.0015

Historical High:$0.00238

6-Hour Change: +513%

Current Market Value: $1.4M

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

5. FWOG: FWOG is a memecoin on the Solana chain featuring a long-legged, long-armed frog with large feet. This is a community-driven version of the rugged $flog. There are no developers involved, and it has gained support from many Milady holders. Cole, one of the original creators of Pudgy Penguins, has also expressed interest in it on X.

Current Price: $0.059

Historical High:$0.073

24-Hour Change: +51%

Current Market Value: $58M

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

6. wDOG: wDOG is a memecoin on the Solana chain featuring a dog wrapped in a plastic net, with the concept being "wrapped dog."

Current Price: $0.0165

Historical High:$0.0312

24-Hour Change: +51%

Current Market Value: $16.5M

Daily runes observation

Gas Fee Change:

The current BTC transaction fee remains low at 3 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. ITS•A•FULL•MOON

   - Fully minted

   - Market Value: $749.02K

   - 24-Hour Trading Volume: $47,754

   - 24-Hour Change: +150.83%

   - Holding Addresses:710

2.RSIC•GENESIS•RUNE

   - Fully minted

   - Market Value: $96.99M

   - 24-Hour Trading Volume: $40,459

   - 24-Hour Change: +10.17%

   - Holding Addresses:81,211

3.NICOLAS•PI•RUNES

   - Fully minted

   - Market Value: $3.84M

   - 24-Hour Trading Volume: $25,936

   - 24-Hour Change: +0.1%

   - Holding Addresses:10,314

Top Rune Projects Tracking:

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

  - Current Price: 5.47 Sats

  - 24-Hour Change: -2.42%

  - Current Market Value: 5,469 BTC

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

  - Current Price: 3.9 Sats

  - 24-Hour Change: +0.00%

  - Current Market Value: 819 BTC

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

  - Current Price: 6.29 Sats

  - 24-Hour Change: +1.96%

  - Current Market Value: 1,318 BTC

Performance of today's top three tracks

AI: An overall daily increase of 4.2%

1. NOS: Nosana has successfully tested the first decentralized GPU grid developed and customized for AI inference workloads. Consumers, miners, and businesses can monetize their idle hardware by becoming a Nosana Node.

 - Daily Increase: +12%

 - Current Price: $2.24

 - Current Market Value: $187M

 - 24-Hour Trading Volume: $5.15M

2. FET: FET is a blockchain platform based on artificial intelligence and machine learning that enables anyone to share and exchange data.

   - Daily Increase: +8%

   - Current Price: $1.35

   - Current Market Value: $3.4B

   - 24-Hour Trading Volume: $429M

3. AGIX: SingularityNET is a decentralized artificial intelligence platform and marketplace. Agents operating on the SingularityNET platform can flexibly outsource tasks to one another.

   - Daily Increase: +7%

   - Current Price: $0.61

   - Current Market Value: $790M

   - 24-Hour Trading Volume: $2.8M

NFTs: An overall daily increase of 1%

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

 - Daily Increase: +21%

 - Current Price: $0.00049

 - Current Market Value: $4.8M

 - 24-Hour Trading Volume: $131K

2. MPLX: Since launching in August 2021, Metaplex has been used to mint over 20 million NFTs with over 5.9 million unique collectors, accounting for over 99.9% of the Solana NFT market. This makes Metaplex the largest protocol in the Solana ecosystem and the primary driver of new users. 

- Daily Increase: +12%

 - Current Price: $0.316

 - Current Market Value: $309M

 - 24-Hour Trading Volume: $1.1M

3. 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: +5.5%

 - Current Price: $0.254

 - Current Market Value: $179M

 - 24-Hour Trading Volume: $137M

GameFi: An overall daily increase of 0.46%

1. LOKA: League of Kingdoms is a blockchain MMO strategy game. In the game, players can build their own kingdoms, join alliances, participate in wars with other kingdoms, compete in tournaments, and engage in various other activities.

 - Daily Increase: +27%

 - Current Price: $0.239

 - Current Market Value: $27M

 - 24-Hour Trading Volume: $41M

2. VOXEL: Voxie Tactics is a 3D Tactical RPG game that players can play against the computer by exploring the VoxelVerse or challenging friends in the PVP Arena. It will be launched on Binance recently.

- Daily Increase: +25%

 - Current Price: $0.253

 - Current Market Value: $47M

 - 24-Hour Trading Volume: $65M

3. PRIME： Echelon is a Web3 gaming ecosystem that supports new gaming models and economies, primarily through its flagship game, Parallel, which integrates PRIME. Echelon aims to enhance the gaming experience by enabling games to leverage blockchain features.

- Daily Increase: +20%

 - Current Price: $8.5

 - Current Market Value: $382M

 - 24-Hour Trading Volume: $13M

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. 

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