The US rejected two Solana ETF applications while Brazil passed its second one

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase is set to list the Across Protocol (ACX).
• Binance will support an airdrop of the Simon's Cat (CAT) token to FLOKI holders.
• Binance Launchpool is set to list the Dogs (DOGS) token.
• Binance Futures will list BRETT/USDT and VOXEL/USDT perpetual contracts with up to 50x leverage.
• Upbit will add the BRETT/USDT and PEPE/USDT trading pairs.
• OKX has launched the mini-game “Crypto Security Guard: Hacker City,” where participants can win up to 888 USDT.
• Binance will support the network upgrades and hard forks for Cosmos (ATOM) and Kadena (KDA).
• OKX Web3 Wallet has launched Cryptopedia Season 23 featuring Bitcoin staking protocol Babylon. 
• Meanwhile, OKX DeFi has launched the Babylon Playhub, where users can earn points by participating in Babylon ecosystem staking activities without needing staking certificates.

II. Mainstream projects and trending events

• The US SEC has rejected two Solana spot ETF applications submitted by Cboe BZX Exchange through their 19b-4 filings, The Block reported.
• Babylon's Bitcoin staking mainnet will go live on August 23, with an initial cap of 1,000 BTC.
• State Street Bank, a financial institution managing $44.3 trillion in assets, has selected Taurus, a company specializing in cryptocurrency custody and tokenization, to provide digital asset services.
• Tether has issued an additional 1 billion USDT on the TRON (TRX) network.
• A trader who made a $1.63 million profit from ONDO and MKR has exchanged 675.5 WETH (~$1.79M) for 14,777 AAVE at ~$121.2 each.
• Elon Musk has tweeted “I’m willing to serve”, with a generative image of himself containing the text "D.O.G.E."
• Matthew Sigel, Head of Digital Asset Research at VanEck, has tweeted that their plan to launch a Solana ETF is “still moving forward.”

III. Funding news

• Sorella Labs, a crypto startup, has raised $7.5 million in a seed round led by Paradigm.
• YeagerAI, developer of the decentralized AI network GenLayer, has raised $7.5 million in a seed round, led by North Island Ventures.
• Corn, a Bitcoin ecosystem yield network, has raised $6.7 million led by Polychain and participated in by Binance Labs.

IV. Regulatory news

• According to CoinDesk, the Brazilian Securities and Exchange Commission (CVM) has approved the country's second Solana ETF.
• The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emomotimi Agama, has announced that the regulatory body plans to issue the first batch of digital services and tokenized asset licenses later this month.

V. Popular projects 

Market overview

BTC reached a high of $61,400 before experiencing a volume-driven pullback, hitting a low of $58,548.

Despite briefly surpassing the 4-hour moving average (MA140) of $60,757, BTC failed to hold and dropped below this level.

The short-term focus is on whether BTC can break and sustain above the MA140.

GEMS is up 55% in a day

GEMS, the native token of the community-driven IDO platform Gems VIP, has surged 55% in the last 24 hours.

Launched in July, GEMS allows users to earn rewards through staking, with withdrawals available after 90 days.

The GEMS token has a market cap of $61.56 million and offers an APY of 30.48% for staking.

ALPACA is up 25% in a day

Alpaca Finance, a leveraged yield farming protocol and an early DeFi Summer project, has seen its token ALPACA rise by 25% in the last 24 hours.

Even though fully unlocked, Alpaca Finance maintains a TVL of $49.95 million. ALPACA’s market cap stands at $19 million.

PIRATE is up 15% in a day

Pirate Nation, a pirate-themed game developed by industry veterans from Zynga, Riot Games, and EA, has seen its token PIRATE increase by 15% in the last 24 hours.

The game that emphasizes fully on-chain gameplay has already launched its beta version.

PIRATE has reached a market cap of $48.55 million.

TAI is up 20% in a day

TAI, the token of AI infrastructure project TARS, has seen a 20% increase in the last 24 hours.

Supported by the Solana Foundation, TARS enables users to train AI models, monetize data, and access powerful GPUs. Users can stake TAI to earn points, which can be exchanged for TAI mining machines.

TAI has a market cap of $17.72 million.

Tron Ecosystem: Key tokens rise

Following the surge in Sundog’s market cap surpassing $200 million, liquidity has shifted into the Tron ecosystem, resulting in notable increases across key tokens.

SUN has risen by 31% in a day, HT (a Justin Sun-affiliated token) is up 17%, while BTT and TRX have seen gains of 11%.

On-chain daily

1. SUNWUKONG: SUNWUKONG is a memecoin on the Tron chain featuring the character Sun Wukong, corresponding with the release of the Chinese AAA game "Black Myth: Wukong" on August 20, which quickly became a trending topic across the internet. Additionally, TRON founder Justin Sun's tweet mentioning "Wukong" and using an AI-generated face swap avatar brought further attention to this coin, making it a market focal point.

Current Price: $0.013

Historical High:$0.0172

24-Hour Change: +22677%

Current Market Value: $13.3M

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

2. SUNDOG: SUNDOG is a memecoin on the Tron chain, which is also the first memecoin issued by Sunpump, featuring the Dogecoin on the Tron network.

Current Price: $0.214

Historical High:$0.31

24-Hour Change: +60%

Current Market Value: $214M

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

3. Wukong: Wukong is a memecoin on the Ethereum chain based on the game “Black Myth: Wukong”.

Current Price: $0.0291

Historical High:$0.0321

6-Hour Change: +26.7%

Current Market Value: $2.9M

4. MIRAI: MIRAI is a memecoin of an AI project on the Ethereum chain whose goal is to use AI to bridge the real and virtual worlds, with a 5% tax on transactions.

Current Price: $0.0051

Historical High:$0.127

24-Hour Change: +86%

Current Market Value: $5.1M

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

5. SBOT: SBOT is a memecoin of an AI project on the Solana chain, which can provide real-time market analysis.

Current Price: $0.0(4)134

Historical High:$0.0(4)147

6-Hour Change: +25%

Current Market Value: $1.6M

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

6. coby: coby is a memecoin on the Solana chain featuring a cute doll, that represents 'your best friend.

Current Price: $0.00349

Historical High:$0.00541

24-Hour Change: +90%

Current Market Value: $3.4M

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

Daily runes observation

Gas Fee Change:

The current BTC transaction fee remains low at 5 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. WADDLE•WADDLE•PENGU

   - Fully minted

   - Market Value: $5.91M

   - 24-Hour Trading Volume: $13,698 

   - 24-Hour Change: + 100%

   - Holding Addresses:2,479 

2.PUPS•WORLD•PEACE

   - Fully minted

   - Market Value: $52.87M

   - 24-Hour Trading Volume: $24,864

   - 24-Hour Change: + 6.83%

   - Holding Addresses:98

3.WIFE•CHANGING•RUNES

   - Fully minted

   - Market Value: $40.5K

   - 24-Hour Trading Volume: $904

   - 24-Hour Change: +2.38 %

   - Holding Addresses:30%

Top Rune Projects Tracking:

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

  - Current Price: 4.94 Sats

  - 24-Hour Change: +0.40 %

  - Current Market Value: 4,939 BTC

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

  - Current Price: 7.08 Sats

  - 24-Hour Change: -1.08 %

  - Current Market Value: 1,483  BTC

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

  - Current Price: 4.60 Sats

  - 24-Hour Change: -17.86 %

  - Current Market Value: 966 BTC

Performances of today's top three tracks

NFT: An overall daily increase of 3.3%

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: +21%

   - Current Price: $0.254

   - Current Market Value: $179M

   - 24-Hour Trading Volume: $397M

2. NFT: The mission of the APENFT Fund is to register world-class artworks as NFTs on the blockchain. It is built on TRON and supported by the world's largest decentralized data storage system, BitTorrent.

- Daily Increase: +11%

- Current Price: $0.0(6)484

- Current Market Value: $480M

- 24-Hour Trading Volume: $24M

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

- Daily Increase: +8.6%

- Current Price: $0.00189

- Current Market Value: $3.37M

- 24-Hour Trading Volume: $34K

Others: An overall daily increase of 2.7%

1. HTX: Originally the token of the Huobi exchange, HTX is now governed by a DAO. Due to the recent popularity of the Tron network, it has benefited from this trend.

   - Daily Increase: +28%

   - Current Price: $0.0(5)147

   - Current Market Value: $1.47B

   - 24-Hour Trading Volume: $67M

2. HLG: HLG is a full-chain tokenization protocol that allows asset issuers to mint native, composable full-chain tokens. Holograph works by burning tokens on the source chain, sending a message to the target chain through a messaging protocol, and then re-minting the same number of tokens to the same contract address. This unifies liquidity, eliminates slippage, and maintains interchangeability between blockchains.

 - Daily Increase: +19%

 - Current Price: $0.0025

 - Current Market Value: $3.9M

 - 24-Hour Trading Volume: $194K

3. SERO：Super Zero Protocol is a privacy protection platform designed for decentralized applications, supporting smart contracts using zero-knowledge proofs. Super Zero adopts an innovative UTXO + account hybrid model.

 - Daily Increase: +14%

 - Current Price: $0.0768

 - Current Market Value: $3.23M

 - 24-Hour Trading Volume: $627K

GameFi: An overall daily increase of 0.57%

1. 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. It will be launched on Binance recently.

   - Daily Increase: +47%

   - Current Price: $0.206

   - Current Market Value: $38M

   - 24-Hour Trading Volume: $198M

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

 - Daily Increase: +41%

 - Current Price: $0.208

 - Current Market Value: $24M

 - 24-Hour Trading Volume: $51M

3. POLIS: Star Atlas is a space-themed massively multiplayer online game (MMO). Built based on Unreal Engine 5, it allows the game to display hyper-realistic cinematic visuals. Star Atlas is a grand strategy game set in the year 2620 in the distant future. Three factions split control of the space, competing with each other for valuable resources and assets: ONI (Alien), Ustur (Robots), and MUD (Humans).

 - Daily Increase: +20%

 - Current Price: $0.174

 - Current Market Value: $45M

 - 24-Hour Trading Volume: $624K

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