Selected News

1. Upbit platform trading volume rebounds, ETH, XRP, BTC temporarily occupy the top three

2. Most cryptocurrency stocks rise in pre-market trading of US stocks, Bitmine up 2.73%

3. US SEC Chairman: Only a very small number of tokens meet the definition of securities, a new era for the crypto industry has arrived

4. Binance: Users with at least 200 points can claim 200 SAPIEN airdrops

5. Trump's eldest son's holding company will acquire mining company Dogehash, whose technology partner is mining machine manufacturer ElphaPex

Selected Articles

1. 《The "Disappeared" Founders of Top-tier Crypto Projects》

Founders often embody a part of the narrative. Recently, Jason Zhao, the founder of Story Protocol, announced his resignation as CEO, reigniting discussions. The young Korean-American, a startup prodigy from an MIT summer camp, a student in Fei-Fei Li's lab, and the youngest product manager at DeepMind—his script could have led him to the star sequence of Silicon Valley. Yet, he chose to write his chapter in the crypto industry and, after three and a half years, chose to leave.

2. 《He spent billions buying Ethereum, claiming $4,000 is the bottom》

BitMine recently increased its Ethereum holdings to 1.5 million coins, with a total scale of about $6.6 billion, briefly surpassing SharpLink to become the world's largest ETH treasury. However, as ETH prices fell, the company's stock price also came under pressure. Meanwhile, leader Tom Lee predicts that the ETH price may first drop to $4,075 before rebounding to $5,100. Thus, a key question arises: why has the pricing power of Ethereum shifted to Wall Street capital?

On-chain Data

On-chain capital flow situation on August 20

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