The supply of USD has exceeded 12 billion coins, and in the past 24 hours, the entire network has been Get Liquidated for 208 million USD.

Headlines

▌The supply of USDe has exceeded 12 billion coins, reaching a historical high

According to data from the official website, the stablecoin USDe issued by Ethena Labs has surpassed a supply of 12 billion coins, currently around 12.02 billion coins, setting a new historical record.

▌In the past 24 hours, the entire network experienced liquidations of 208 million USD, mainly in long positions

Data shows that in the past 24 hours, the entire network has seen liquidations of $208 million, with long positions liquidated at $136 million and short positions liquidated at $72.572 million, primarily from long positions. Among these, ETH liquidations amounted to $59.8264 million and BTC liquidations amounted to $26.7564 million.

Market

As of the time of writing, according to data from CoinGecko:

The price of BTC is $115,345, with a 24-hour change of -0.4%;

The price of ETH is $4,787.06, with a 24-hour change of +2.1%;

The price of BNB is $881.38, with a 24-hour change of +0.3%;

The price of SOL is $210.62, with a 24-hour change of +7.4%;

The price of DOGE is $0.2375, with a 24-hour change of +2.9%;

The price of XRP is $3.07, with a 24-hour change of +2.8%.

The price of TRX is $0.3631, with a 24-hour change of +0.1%.

Policy

▌Interpol has arrested over 1,200 suspects in multiple African countries and seized over 100 million dollars in cryptocurrency

On August 22, Interpol announced that authorities across Africa arrested more than 1,200 suspects in a large-scale cybercrime operation, seizing nearly $100 million and dismantling online fraud networks and illegal cryptocurrency mining activities. At the same time, investigators found 11,432 pieces of malicious infrastructure related to ransomware, business email compromise schemes, and online investment fraud.

Blockchain Applications

▌Coinbase hints at launching prediction markets, RWA, and other services

Coinbase hinted at launching prediction markets, RWA, and other businesses on platform X, transforming into a "one-stop exchange."

Cryptocurrency

▌Bitmine invests $45 million to increase its holdings by 9,613 ETH, now holding ETH worth $7 billion

According to Arkham monitoring, Bitmine invested $45 million to increase its holdings by 9,613 ETH 32 minutes ago, and the current value of its ETH holdings is $7 billion.

A certain ancient Bitcoin whale has deposited 5,000 BTC into Hyperliquid to increase their holdings in ETH

According to OnchainLens monitoring, a certain ancient Bitcoin whale further deposited 5,000 BTC (worth approximately $574.67 million) into Hyperliquid to exchange for ETH. Currently, this ancient giant whale holds 179,498 ETH, worth approximately $850.5 million, while maintaining a long position of 135,265 ETH, valued at about $640.92 million.

Bitmine invests $45 million to increase its holdings of 9,613 ETH, currently holding ETH worth $7 billion

According to Arkham monitoring, Bitmine invested $45 million 32 minutes ago to increase its holdings by 9,613 ETH, currently holding ETH worth $7 billion.

A pre-mined address containing 49 ETH was activated after 10.1 years of dormancy

According to on-chain data tracking service Whale Alert, around 3:59 AM Beijing time, a long-dormant pre-mined address was just activated, containing 49 ETH (approximately $237,700). This ETH was valued at only $15 in 2015, which was 10.1 years ago.

LayerZero's $110 million acquisition proposal for StarGate has been approved

LayerZero has officially announced that StarGate DAO has approved its acquisition of StarGate (STG). StarGateDAO members voted 95% in favor of the acquisition, and STG holders will be able to convert their tokens to ZRO on Monday. On August 11, the LayerZero Foundation proposed to acquire the StarGate cross-chain bridge and its STG token for $110 million. According to the terms of the proposal, the STG token will be discontinued, and STG holders can exchange their tokens for LayerZero's native token ZRO, at an exchange rate of 1 STG for 0.08634 ZRO, equivalent to a value of $0.1675 per STG and $1.94 per ZRO.

More than 10,000 investors hold over 1 billion won in assets across the five major exchanges in South Korea

As of August 5, the number of investors holding over 1 billion won (approximately 710,000 USD) in virtual assets among the five major Korean won exchanges reached 10,810, with an average asset holding of 2.229 billion won (approximately 1.59 million USD) per person. This data far exceeds the average holding of 10,866,371 users across the five exchanges (10.27 million won) by 200 times. Among the group holding more than 1 billion won in virtual assets, 76% (8,242 people) are Upbit users. By age group, the largest number of people holding more than 1 billion won in virtual assets are in their 50s (3,994 people), followed by those in their 40s (3,086 people), those over 60 (2,426 people), and those in their 30s (1,167 people). Although there are only 137 people in their 20s, which is fewer than other age groups, their average holding amount is as high as 2.68871 billion won, significantly higher than other age groups.

"$125,000 rolling position to go long on ETH" whale has made a floating profit of $4.78 million, with a position value of approximately $120 million

According to on-chain analyst Ai Yi (@ai_9684xtpa), the whale with a "$125,000 rolling long position on ETH" has a 15x long ETH position that has gained $4.78 million. Currently, their position is in a rolling state, holding 25,108.32 ETH, approximately $120 million, with an opening price of $4,590 and a closing price of $4,670.3.

An investor suffered a loss of approximately $1.54 million due to signing EIP-7702 phishing batch transactions

According to monitoring by the anti-fraud crypto monitoring provider Scam Sniffer, an investor suffered a loss of approximately $1.54 million due to signing a phishing batch transaction for EIP-7702. Scam Sniffer has reported multiple similar victim cases targeting EIP-7702 upgrade addresses and warns to be vigilant against phishing attacks involving batch transfers to EIP-7702 upgrade addresses.

Important Economic Dynamics

▌Data: 62% of Americans expect the unemployment rate to rise in the next 12 months

According to The Kobeissi Letter, 62% of Americans now expect the unemployment rate to rise in the next 12 months, one of the highest levels since the 2008 financial crisis. This percentage has doubled in less than a year and has never been this high during non-recession periods. Interestingly, high-income households in the top 33% are more pessimistic than middle-income and low-income households. In past economic cycles, changes in expectations of this magnitude have indicated a surge in unemployment rates in 100% of cases.

Trump Media & Technology Group's Bitcoin reserves are currently valued at billions of dollars, ranking eighth globally

According to @pete_rizzo_disclosure, the Bitcoin reserves of Trump Media Technology Group (DJT.O) are currently worth billions of dollars, making it the eighth largest holder of Bitcoin in the world.

ECB President Lagarde: The European labor market situation is better than expected

European Central Bank President Lagarde: The situation of the European labor market is better than expected. Inflation has decreased significantly, and employment costs are lower.

Custodia Bank CEO: Traditional financial institutions may face the first "crypto winter"

Caitlin Long, CEO of Custodia Bank, stated at the Wyoming Blockchain Symposium that the mismatch between traditional financial systems and blockchain protocols could impact traditional financial institutions. "Because traditional systems cannot update in real-time, these fault tolerance mechanisms are built into the system. In the cryptocurrency space, everything must be real-time, and cryptocurrency is a completely different matter. I do worry about how these financial giants will respond when the bear market inevitably comes again. I know some people are optimistic and believe that a bear market won't come again. I've been in this industry since 2012, so I know the bear market will come again."

Polish Scholar: The United States Itself Will Become the Biggest Loser from Tariffs

Professor Novak from the Warsaw School of Economics and Business in Poland stated that he believes the United States will be the biggest loser from the increased tariffs. In the current trade system, countries will ultimately readjust the global trade pattern in various ways, placing the United States in a very unfavorable position. Other countries will not maintain such a high-tariff trade system with the United States, which will inevitably lead to a reconstruction of the global trade landscape. A review of Trump's first presidential term shows that increased tariffs do not lead to job growth, so I believe that American consumers will bear the cost of the tariffs, and the United States will inevitably become the loser. (CCTV News)

Golden Encyclopedia

▌What are tokenized goods

Tokenized commodities represent partial ownership of real-world assets using digital tokens on the blockchain, while retaining their tangible value. Tokenized commodities are digital versions of real-world items recorded on the blockchain (such as gold, oil, or crops). Each token represents a part or the whole of the commodity, making it easier to divide and trade. This simplifies the buying and selling of small portions of commodities for investors, providing greater liquidity and offering access to markets that are typically difficult to trade. You don't have to purchase the entire commodity (which can be very expensive and impractical), but rather divide it into smaller pieces called tokens. Each token represents a small part of the commodity. Blockchain technology can help tokenize various commodities, including energy resources, real estate, precious metals, and agricultural products. Commodity-backed cryptocurrencies are digital assets designed to be more stable than volatile cryptocurrencies. This stability is achieved by pegging their value to tangible commodities such as real estate, gold, or oil. Commodity tokenization clarifies ownership, facilitates partial ownership, simplifies transactions, and promotes market activity. Although the prospects are bright, tokenized commodities also face challenges. Regulations are not always clear, as existing rules may not fully cover these scenarios. The technology behind tokenized commodities must be properly tested to handle the complexities of creating and trading these tokens.