Last week (from August 18 to August 24), the crypto market experienced a roller coaster ride under the interplay of macro factors and capital flows. The net outflow amount of Bitcoin ETFs reached a staggering 1.178 billion USD, Ethereum ETFs ended their 11-week streak of net inflows, and altcoin sentiment gradually warmed up. Below is Gate's weekly industry review, helping you quickly grasp the market pulse and this week's key points of interest.

Odaily News perpetualpulse.xyz data shows that Lighter's total lock-up position (TVL) has reached 320 million USD, ranking sixth among contract DEXs, surpassing dYdX. However, it should be noted that Lighter is currently still in the invitation testing phase.

Gate News Bot news, on August 25, according to CoinMarketCap, as of the time of writing, HYPE (Hyperliquid) is currently priced at $47.06, having risen 6.05% in the last 24 hours, with a high of $47.23 and a low of $40.43. The 24-hour volume reached $246 million. The current market capitalization is approximately $15.716 billion, an increase of $896 million compared to yesterday. Hyperliquid is a blockchain platform designed to integrate all financial operations. HYPE, as its flagship application, is a decentralized exchange featuring low fees, zero gas fees, up to 40x leverage, and a fully on-chain order book. The platform has a block time of 0.07 seconds and a maximum TPS of 200,000, with currently 675,500 users. Important news about HYPE recently

Gate News Bot report, on August 25, according to CoinMarketCap data, DOGE (Dogecoin) is currently priced at $0.23, a fall of 3.74% in the last 24 hours, peaking at $0.24 and dropping to a low of $0.21. The current market capitalization is approximately $34.442 billion, a decrease of about $1.339 billion compared to yesterday. Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts around the world. The core of Dogecoin is an unexpected cryptocurrency movement that brings smiles to people! It uses blockchain technology and is a highly secure decentralized information storage system maintained by a public ledger operated by a network of computers known as nodes. The spirit of Dogecoin is encapsulated in the Dogecoin manifesto, which has a community made up of friendly people like you.

BlockBeats news, on August 25, Ethereum founder Vitalik Buterin posted on Warpcast stating, "An important point I want to add to the debate on the pros and cons of prediction markets is that most mainstream prediction markets currently do not pay interest, which makes them very unattractive for hedging. Because participating means giving up a guaranteed annual return of 4% in USD. I anticipate that once this issue is resolved, there will be a large number of hedging applications emerging, and the volume will further rise accordingly."

BlockBeats news, on August 24, ABCDE co-founder Du Jun posted on social media stating, "Although Chinese institutions reacted a bit slowly to the 'MicroStrategy model', they have quickly followed up. Currently, there are 3 ETH and 2 SOL 'MicroStrategy' invitations for me to participate in, which are in progress. One of the ETH DAT has an initial scale of 300,000 pieces."

Gate News bot message, Whale trader 0x31F9 has deposited 15.47 million USDC into Hyperliquid for a series of significant cryptocurrency positions. The trader executed long positions of 130.5 BTC ($15M) and 1,714 BNB ($1.47M), while simultaneously acquiring 18,044 SOL ($3.7M) in spot trades. Additio

Odaily News Bitcoin mining company Hut 8 announced the launch of a new up to $1 billion At-the-Market (ATM) stock issuance plan, replacing the $500 million plan for 2024 (approximately $300 million has been issued), intended for the expansion of high-performance computing and AI data centers. (The Miner Mag)

Golden Finance reported that Strategic ETH Reserve disclosed on platform X that NASDAQ-listed Ethereum treasury company ETHZilla has revised its previous sales agreement signed with Clear Street, which involves a supplement to the prospectus and the issuance of common stock with a par value of $0.0001 per share in the accompanying prospectus. According to the terms of the revised sales agreement, the company will be able to raise up to $10,000,000.000 by issuing and selling common stock shares to support its ongoing purchase of ETH.

BlockBeats news, on August 22, BiyaPay analysts expect that dozens of companies may go public in the U.S. by the end of the year, with total fundraising possibly exceeding 15 billion USD. Multi-asset trading platform BiyaPay's U.S. stock market data shows that after successful listings of stablecoin issuer Circle and tech company Figma, their stock prices doubled on the first day, further stimulating more potential listing companies to accelerate their listing pace. Crypto Assets companies such as Gemini and Figure are speeding up the submission of their listing applications.

BlockBeats news, on August 23, U.S. President Trump posted that the stock market rose nearly 1000 points 10 minutes ago. At the time of the post, the three major U.S. stock indexes were all up, with the Dow Jones rising over 2%, the Nasdaq rising 1.55%, and the S&P 500 index rising 1.56%.

Jin10 data August 22 news, the USD/JPY has fallen more than 1.00% during the day, currently at 146.87. The EUR/USD has touched up to 1.17, rising 0.83% during the day. The AUD/USD has risen more than 1.00% during the day, currently at 0.6485.

According to ChainCatcher news reported by Jin10, US chip stocks generally pump, with Nvidia rising 1.4%, Intel rising 4.3%, and Qualcomm increasing by 3.2%.

Foresight News reports that the encryption exchange Bitrue announced a fixed "Monday Finance" activity every Monday. Next Monday (August 25) at 10:00, the stablecoin USD1 and USDC finance activities will be launched, with an Annual Percentage Rate of up to 35%.

Odaily News Hyperliquid has launched XPL/USDC Perptual Futures, with a maximum support for 3 times Margin Trading.

ChainCatcher news, OpenAI has started hiring employees in India, planning to establish an OpenAI office in New Delhi, hoping to expand its influence in the South Asian technology market.

According to Jin10 data on August 22, the latest research from TrendForce on the liquid cooling industry shows that with the NVIDIA GB200 NVL72 rack-mounted servers set to be dumped in 2025, cloud providers are accelerating the upgrade of AI data center architectures, driving liquid cooling technology from early trials to large-scale adoption. It is estimated that its penetration rate in AI data centers will increase significantly from 14% in 2024 to 33% in 2025, and will continue to grow in the coming years.

Odaily News Community user @goudan 42382171 posted feedback on platform X, stating that the Camp Airdrop is unrelated to project interaction data, but is linked to the number of invitations and whether one holds the project's NFT. In addition, users must pay 0.0025 ETH to sign up for an account to confirm their eligibility for the Airdrop. Another community user @dfngg 195804 posted feedback, stating "due to being unable to log in to the Testnet to request help in the Discord community, I was kicked out of the community server by the project party."

Gate News Bot news, on August 22, according to CoinMarketCap, as of the time of writing, NODE (NodeOps) is currently priced at $0.10, up 17.41% in the last 24 hours, with a high of $0.10 and a low of $0.08. The current market capitalization is approximately $13.33 million, an increase of $1.98 million compared to yesterday. NodeOps is a leading AI-driven DePIN orchestration layer designed to allow developers to focus on what matters. The project offers a variety of product services, including NodeOps Cloud (permissionless DePIN verifiable computing market), NodeOps Console (one-click node as a service dashboard), Security Hub (AI-driven code vulnerability detection and remediation), and Staking Hub (institutional-grade staking as a service), among others.

BlockBeats news, on August 22, according to Bubblemaps on-chain analysis, the first buyer of YZY was Naseem—a trader who spent 1.1 million dollars investing in TRUMP this year and ultimately profited over 100 million dollars. YZY was deployed on-chain on August 17, and the first actual transaction occurred on August 21, when the address starting with AwY1V purchased YZY worth 250,000 dollars. Bubblemaps found a strong connection between the address starting with AwY1V and the wallet previously associated with Naseem, which includes addresses that had previously snatched up Libra and Trump. Based on this evidence, there is reason to believe that the address starting with AwY1V is indeed Naseem. As of now, Naseem has profited from the first transaction.

According to a report by Jinse Finance, Pennsylvania Democratic Representative Ben Waxman has introduced a bill (HB1812) that aims to prohibit public officials and their immediate family members from profiting from Crypto Assets during their terms, including the issuance, promotion, or trading of digital assets in which they have a financial interest. The bill stipulates that relevant individuals may not conduct more than $1,000 in Crypto Assets transactions during their term and for one year after leaving office, and they must close all positions within 90 days of the bill taking effect. Violations can result in up to 5 years in prison or a fine of up to $50,000. Waxman introduced this bill in response to the controversy surrounding Trump and his family allegedly profiting from public office.

Jin10 Data reported on August 22, that Andriy Yermak, head of the Office of the President of Ukraine, said in an exclusive interview with Italian media on the 21st that Ukraine does not intend to hold a referendum on recognizing Russia's occupation of territory or to amend the constitution. When asked if Ukraine is considering holding a referendum to amend the constitution to recognize Russia's occupation of territory, Yermak replied, "We do not intend to do this, nor do we currently intend to give up any territory." Yermak stated that Ukraine is aware that Russia has occupied certain areas, and currently Ukraine does not have the capability to use force to reclaim the occupied territories. Ukraine's stance is realistic, and they also want to end the war and hope that it will not happen again in the future. Yermak mentioned that although the situation is difficult, Ukraine does not accept any ultimatums or threats, "We can still fight." He also believes that the "new cooperation" between Ukraine, the European Union, and the United States will lead Russia to adopt a more realistic attitude.

PANews August 21 news, according to TK Research analysis, $BIO Token is steadily rising in the DeSci field, with the current total Lock-up Position (TVL) of the Bio Protocol being approximately 9 million USD. Among this, about 70% is short-term lock-up (1 to 4 weeks), about 30% is medium to long-term lock-up, and 15.1% is locked for the longest period of 104 weeks. Analysis suggests that the continuous rise of the medium to long-term Lock-up Position ratio may drive up the Token price, while the high proportion of short-term positions may bring certain selling pressure. If the medium to long-term Lock-up Position ratio further increases, $BIO may welcome a new round of price rise.

Two virtual asset Spot ETFs managed by Xiao Fei Asset Management have been listed on the Hong Kong Stock Exchange, namely Bitcoin and Ethereum Spot ETFs. The Ether ETF will stake up to 30% of Ethereum and attract investors with a lower management fee of 0.5%.

According to BlockBeats news on August 21, the official announcement states that Binance Wallet has released the performance statistics for this month's Alpha Airdrop. From August 1 to August 18, a total of 24 Alpha Airdrop Tokens were launched. If a single account sells at the highest token price, the potential value of the airdrop can reach 1616 USD, while selling at the end of the first day of the airdrop would yield approximately 1175 USD.

Jin10 Data, August 21 – Analysts at Investec Economics, led by Henderson, stated in a report that the better-than-expected UK public finance data for July may relieve UK Chancellor Reeves. The net borrowing of the public sector in July was £1.1 billion, lower than £3.4 billion in the same period last year and also below the widely estimated £3.2 billion. For the four months up to July, public borrowing stood at £60 billion, close to the Office for Budget Responsibility’s forecast of £59.9 billion. Henderson noted that Reeves "may breathe a sigh of relief as the monthly net borrowing data largely aligns with expectations."

Gate News bot news, according to the Gate platform announcement on August 21, 2025: Gate announces the launch of the "VIP Wealth Management Summer Carnival" Phase 4 event, which will take place from August 21 at 16:00 to September 4 at 16:00 (UTC+8). Participating users must complete the USDT net recharge and new holding tasks of Yubi Treasure within 30 days after registration. According to the announcement, the event has set multiple reward levels, with a maximum reward of 50g AU9999 gold. In addition, users who complete USDT spot or fixed-term subscriptions also have the chance to win tickets to the Singapore Token of Love music festival, a total of 10 tickets. The activity rewards will be distributed based on the net recharge amount and the average newly added holding amount in the Yubi Treasure of users within 30 days after registration. Eligible users will receive their rewards within 14 working days after meeting the distribution criteria.

BlackRock strategists advise institutional investors to increase investments in hedge funds by up to 5 percentage points against the backdrop of global economic uncertainty and inflation fluctuations, indicating signs of a recovery in hedge fund performance.

Jinse Finance reports that Boyaa Interactive (00434.HK) resumed trading with a rise of over 6%, planning to raise up to 440 million yuan by issuing shares at a discount of 8.19% to promote business development in the Web3 field. (Jin10)

Boyaa Interactive announced that it will allocate up to 63,510,000 shares to no fewer than six independent third-party allocators, at a price of HK$6.95 per share, representing a discount of approximately 8.19%. The net proceeds will be used to promote business development in the Web3 sector.

Odaily News AKE Spotlight subscription event ended on August 21, 2025, at 12:00 (UTC+8), with approximately 10,000 participants and raised over 25 million USD, with an oversubscription rate of up to 80 times. The AKE/USDT trading pair will be officially launched on KuCoin at 20:00 (UTC+8) on August 21, and participants have a chance to share a prize pool of 100,000,000 AKE.

Gate News Bot message, on August 21, according to CoinMarketCap, as of the time of writing, SERAPH (Seraph) is currently priced at $0.18, with a rise of 28.90% in the last 24 hours, reaching a high of $0.19 and a low of $0.14. The current market capitalization is approximately $48.7 million, an increase of $1.09 million compared to yesterday. Seraph is a dark action role-playing game. Players will take on the role of an adventurer awakened from the grave, picking up weapons, donning armor, slaying the zombies that come at them, exploring the truth behind the resurrection of the dead, defeating powerful demons, collecting fragments of the shattered world, reforging the world ring, and reshaping the new covenant. Currently, there are four classes available: Witch, Barbarian, Valkyrie, and Necromancer, with more classes to be introduced in the future. Players can customize their characters through the skill tree system, unlocking new spells, attacks.

BlockBeats news, on August 20, Cryptoquant released a market analysis indicating that the buying of Strategy does not always reach the bottom phase and push up the BTC price. It generally buys through OTC Trading and settles in batches on-chain. Sometimes this practice aligns with market momentum and boosts market sentiment, but the market depth far exceeds any single transaction. The best way to interpret the buying behavior of Strategy is to view its purchases as a demand background and then confirm through ETF flow, Spot CVD, and the Coinbase premium on US trading platforms.

Gate News Bot news, on August 20, according to CoinMarketCap, as of the time of writing, KERNEL (KernelDAO) is currently priced at $0.22, having risen 11.15% in the last 24 hours, with a high of $0.23 and a low of $0.19. The current market capitalization is approximately $49.3 million, an increase of $4.95 million from yesterday, currently ranked 577th. KernelDAO is an ecosystem aimed at providing yields for cryptocurrencies such as ETH, BTC, and BNB. It offers three main products: Kelp, Gain, and Kernel. Kelp allows users to re-stake ETH across more than 10 L2 networks; Gain provides yield opportunities with no lock-up period; Kernel supports re-staking of assets like BNB and BTC. KERNEL token is the core of the entire ecosystem.

Jin10 data reported on August 20, Monex Europe analysts stated in a report that after the UK announced inflation data higher than expected on Wednesday, the pound may struggle to maintain its appreciation momentum. Analysts indicated that a single data point is unlikely to significantly alter the Central Bank of the UK’s inclination to cut interest rates against the backdrop of a weak labor market. "We still expect that growth resistance and the upcoming fiscal tightening will force the Central Bank of the UK to cut rates again later this year, which will make the pound more sensitive to external factors and the risks clearly skewed to the downside." The annual inflation rate in the UK rose to 3.8% in July, up from 3.6% in June, also exceeding the market expectation of 3.7%.

Jin10 data reported on August 20 that, according to an Israeli government official, despite being prepared to respond to the new ceasefire proposal, the Israeli military still plans to call up about 60,000 reservists to increase its offensive against Hamas in Gaza. The official stated that the call-up announcement could be issued as early as Wednesday. This move would nearly double the number of military personnel deployed in or around Gaza. Israeli Prime Minister Netanyahu has recently approved ground forces to take over Gaza City—the de facto capital of Palestinian territories—with the aim of destroying the remaining strongholds of Hamas.

On August 20, Jin10 reported that US Treasury Secretary Basent stated in an interview with Fox News Channel: "We are selling weapons for supply to Ukraine to the Europeans, and President Trump has marked up these weapons by 10%." Previously, media reports indicated that Ukraine would commit to purchasing $100 billion worth of US weapons, with the funding to be provided by the European Union under the framework of the US security assurance agreement.

Odaily News Hyperliquid has now become the company with the highest per capita revenue in the world, with an annual per capita income of up to 102 million USD. According to a recent interview with Jeff, Hyperliquid is composed of 11 core members, and based on data from the past 30 days, its annualized revenue is approximately 1.127 billion USD.

Ethereum's recent price is close to $5,000 but has failed to break through, due to intensified shorting by large hedge funds that is increasing downward pressure. Hedge funds' short positions rose from $2.3 billion to $4.19 billion in August, indicating their bet on a decline in ETH prices. Meanwhile, asset management companies still hold long orders, reflecting a divergence in the market. Historical data suggests that high short positions may trigger a short squeeze, which could drive prices back up.

Coinbase updates its derivation features, providing tiered USDC subsidies to users based on their contract open positions, with an annual yield of up to 12%. This measure aims to compete with BFUSD and USDE class products, offering users higher returns.

Odaily News Modular Liquidity Protocol Mitosis has officially announced that it will open Airdrop sign up on August 20, with the registration window lasting until August 26. The Airdrop inquiry website is now online, and claims are expected to open before September 10, with a one-week claim period. When claiming the Airdrop, users can choose to claim directly or stake for 180 days to receive additional Airdrop shares.

According to BlockBeats news on August 20, on-chain analyst AI Yi ai9684xtpa monitored that an institution has sold 4,000 ETH (worth 16.65 million USD) again in the past 12 hours, with an average price of 4,164 USD. Since August 18, this Address has cumulatively sold 12,575 ETH, with a total value of up to 53.68 million USD, and currently still holds 6,210 ETH.

Jin10 reported on August 20 that economists from CGS International analyzed that Malaysia's exports may decline in the second half of the year, with major risks including U.S. tariffs on semiconductors and weakening palm oil exports. Electrical and electronic products account for 43.5% of Malaysia's exports, with semiconductors making up as much as 68%, making policy impacts significant.

According to the Gate News bot, the official announcement from Gate on August 20, 2025: Gate will launch the "Crazy Wednesday" limited-time financial product every Wednesday, with this issue primarily promoting the BTC 3-day fixed-term financial product. The product has a base annualized yield of 1.5%. At the same time, the platform also provides 1,000 GT tokens as an additional reward pool for this event. Combined with the base yield, the comprehensive annualized yield for users participating in this product can reach up to 11.5%. Rewards will be distributed daily, and the amount is limited.

Gate News Bot news, August 20, according to CoinMarketCap data, as of the time of writing, LABUBU (LABUBU SOL) is currently priced at 0.01 USD, having fallen by 10.51% in the last 24 hours, with a high of 0.01 USD and a low of 0.01 USD. The 24-hour trading volume reached 6.13 million USD. The current market capitalization is approximately 7.97 million USD, a decrease of 935,800 USD compared to yesterday. Important news about LABUBU recently: 1️⃣ **POP MART collaborates with LABUBU to launch an NFT series** The renowned trendy toy brand POP MART has teamed up with LABUBU to launch a limited edition NFT series on the Solana blockchain. This collaboration combines physical trendy toys with digital collectibles, which is expected to bring more attention and potential for LABUBU.

Golden Finance reports that Green Minting Technologies, a renewable energy developer in Delaware, USA, has reached a strategic investment commitment of up to $150 million through a token subscription agreement with GEM Digital Limited. The company will use these funds to develop and construct Bitcoin mining and artificial intelligence data center projects. Additionally, it will initiate an IEO to promote the listing of its MINT token.

Gate News bot news, according to the official announcement from Gate on August 19, 2025. Gate announces the launch of the AURASOL airdrop event, aimed at users who activate the automatic earning feature of the Yubi Treasure for the first time. The event will take place from August 19, 16:00 to August 26, 16:00 ( UTC+8 ). Participating users can receive up to 200 AURASOL tokens as a reward based on the total net subscription amount accumulated during the event. AURASOL is a memecoin project on the Solana blockchain, launching on May 30, 2024. The project is inspired by the popular "aura" concept on the TikTok platform, focusing on social influence and personal charisma. It adopts a fair distribution model and has already gained significant influence on social media. The event has set a reward limit of 2,000 participants and will distribute rewards on a first-come, first-served basis. Rewards will be distributed to users' accounts within 14 working days after the event ends, and participating users must keep the automatic earning feature enabled until the rewards are distributed.

Gate News Bot message, August 19, according to CoinMarketCap, as of the time of writing, ACA (Acala Token) is currently priced at $0.03, having risen 11.53% within the last 24 hours, with a high of $0.04 and a low of $0.03. The current market capitalization is approximately $37.5 million, an increase of $3.88 million from yesterday. Currently, ACA ranks 681st in global crypto assets market capitalization. Important news about ACA recently: 1️⃣ **Price breaks through key resistance level** The ACA token price has seen a significant rise in the past 24 hours, breaking through the key resistance level of $0.03, reaching a high of $0.04. This breakthrough opens up further upward space for ACA, indicating a recovery in market confidence towards the project. 2️⃣ **Market capitalization rise is significant**

According to ChainCatcher news, as reported by Jin10, all three major U.S. stock indices have turned to rise, market sentiment is warming up, and investors hold an optimistic attitude towards the economic outlook.

According to Foresight News and The Defiant, the WisdomTree Government Money Market Digital Fund (WTGXX) has seen a significant rise in value over the past three months, with an additional lock-up position worth $330 million added last week, bringing its total lock-up value to $931 million, a 90% increase from last month and a 722% increase since May. The fund primarily operates on Ethereum, with a current lock-up position value of $919 million on that blockchain, while the remainder is distributed across Arbitrum and Stellar networks.