wDOG has surged 98%
Hot projects + Market overview
I. Mainstream exchange news
- Binance will support the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF).
- Binance will list SYS perpetual contracts with up to 50x leverage.
- Binance is set to support network upgrades and hard forks for Cosmos (ATOM) and Kadena (KDA).
- Coinbase Wallet now supports the OKX Web3 Wallet.
II. Mainstream projects and trending events
- UXD Protocol, a Solana-based stablecoin project, has announced plans to cease operations.
- Kamala Harris has suggested that she might nominate Gary Gensler as US Treasury Secretary if she wins the election, while Donald Trump has indicated he would consider appointing Elon Musk to a cabinet or advisory role if re-elected.
- According to The Block, discussions between the SEC and ETF issuers over concerns about Solana potentially being classified as security led to the SEC and Cboe BZX Exchange withdrawing the 19b-4 filing for Solana.
- Banca Sella, Italy’s second-largest bank, is now offering Bitcoin trading services.
- Cryptocurrency ETF provider Bitwise has acquired ETC Group, a London-based digital asset issuer.
- According to the latest market size report by Crypto.com, the number of cryptocurrency holders grew by 6.4% in the first half of 2024, reaching a total of 617 million.
- Fox Business journalist Eleanor Terrett noted that while the Democratic Party platform doesn't address cryptocurrency, the Republican platform includes a section on "supporting innovation," which covers crypto, AI, and space travel.
- Singapore-based crypto investment firm QCP Capital has observed a bearish shift in cryptocurrency market sentiment, highlighting concerns over yen arbitrage risks.
- Since South Korea's Virtual Asset User Protection Act took effect on July 19, the number of new cryptocurrency listings on South Korea's four major exchanges has dropped by more than half, from an average of 24.5 per month to significantly fewer.
- The AI network crawler project Grass has announced that users must link their wallets to their Grass accounts before August 23 to claim the airdrop
III. Funding news
- Fabric, a developer of "VPU" chips for cryptocurrency, has raised $33 million in a Series A round led by Blockchain Capital and 1kx.
- Corn, a Bitcoin ecosystem revenue network, secured $6.7 million in funding, in a round led by Polychain and with participation from Binance Labs.
- Digital asset trading platform BiFinance has raised $10 million in a Series A round, with participation from SDM Education, a company listed on the Hong Kong Stock Exchange.
- Web3 social gaming ecosystem Soulbound has raised $4 million in a funding round, with participation from Animoca Brands.
IV. Regulatory news
- China's Supreme Court has issued a new judicial interpretation, categorizing virtual asset transactions as a potential method of money laundering.
- The US is considering amendments to the Bank Secrecy Act to enhance financial institutions' reporting requirements for cryptocurrency transactions.
- HashKey Group’s COO Livio Weng has forecasted that Hong Kong is likely to approve virtual asset trading services for virtual banks within the next quarter.
- The Nigerian Federal Inland Revenue Service (FIRS) plans to submit a cryptocurrency tax bill to the parliament in September.
V. Popular projects
Market overview
BTC dropped to a low of $57,787 before rebounding to a high of $60,910.
If BTC holds above the 4-hour moving average (MA140) of $60,757, it could be poised for a move toward the next resistance level at $64,112.
wDOG is up 98% in a day
The price of Wrapped Dog (wDOG), a memecoin on Pump.fun, has surged 98% in the last 24 hours.
wDOG has seen continuous accumulation by large holders, with no selling, driving its market cap to $16 million and its 24-hour trading volume to $10 million.
GINNAN is up 30% in a day
The price of GINNAN, a memecoin claiming to be the cat brother of Doge, has surged 30% in the last 24 hours.
GINNAN has a total token supply of 6.9 trillion, with on-chain liquidity of $550,000 and a 24-hour trading volume surpassing $15 million.
WOO X Research has identified on-chain addresses actively accumulating the GINNAN token.
SUNDOG is up 69% in a day
SUNDOG, the first memecoin launched on Justin Sun's SunPump trading platform, has surged 69% in the last 24 hours.
SUNDOG was released via a Bonding Curve sale on August 15 and has become the leading memecoin on Sunpump.meme.
SUNDOG's market cap has reached $131 million.
BRAINLET is up 36% in a day
Brainlet, a memecoin out of surreal memes, has surged 36% in the last 24 hours.
Surreal memes usually portray exaggerated and surreal scenarios that evoke laughter or contemplation.
The BRAINLET token has on-chain liquidity of $800,000 and a 24-hour trading volume of over $4 million.
ARPA is up 28% in a day
ARPA Network, a highly compatible computing network, has seen its token ARPA rise by 28% in the last 24 hours.
ARPA Network is designed to provide a privacy computation protocol layer for all major public blockchains, enabling enterprises to integrate and share multi-party data, perform collaborative computing, and customize functions and logic.
ARPA has reached a market cap of $43.52 million.
On-chain daily
MELLOW: MELLOW is a memecoin on the Ethereum chain which was inspired by Matt Furie. Mellow Man is a relaxed and carefree character who is a friend of Pepe, Brett, and other members of the "Boy's Club."
Current Price: $0.137
Historical High:$0.173
24-Hour Change: + 43%
Current Market Value: $ 9.5M
Official Twitter:https://x.com/mellow0x69
2. gm: gm is a memecoin on the Ethereum chain which originates from the 4chan forum.
Current Price: $0.0014
Historical High:$0.0023
24-Hour Change: + 210%
Current Market Value: $ 1.4M
Official TG: https://t.me/realgmcommunity
3. PEGOLD: PEGOLD is a memecoin on the Solana chain featuring Pepe plus gold.
Current Price: $0.0(4)135
Historical High:$0.0(4)146
6-Hour Change: almost no change
Current Market Value: $ 1.6M
Official Twitter: https://x.com/pepegold_pepe
4.T1500: T1500 is a memecoin on the Solana chain featuring a cryptocurrency issuer walking 1,500 kilometers from the UK to Romania to meet their idols, Andrew Tate and Tristan Tate. They will traverse eight different countries for 75 days.
Current Price: $0.00254
Historical High:$0.00277
24-Hour Change: 53%
Current Market Value: $ 2.5M
Official Twitter: https://x.com/topg1500
5. wDOG: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: $0.0149
Historical High:$0.0312
24-Hour Change: 64%
Current Market Value: $15M
Official Twitter: None
6. PEPE: PEPE is a memecoin on the Base chain which is not the traditional classic Pepe on Ethereum but a Base version. It is distinguished by its contract address starting with 0x52, located right next to his friend Based Brett's 0x53.
Current Price: $0.0(8)767
Historical High:$0.0(7)119
24-Hour Change: 7%
Current Market Value: $3.1M
Official Twitter: https://x.com/0x52BasedPepe/
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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