Recently, an eye-catching event occurred in the Bitcoin market: in late July, an ancient Whale that had been dormant for 14.5 years sold 80,000 Bitcoins. This massive asset worth 9 billion USD was not sold off in one go, but rather through various exchanges and OTC Trading platforms. Although Bitcoin experienced a 4% fall that day, it quickly recovered in the following two days. This is enough to illustrate the current market's holding Depth, dominated entirely by institutional and corporate players. This also means that the supply and demand relationship of Bitcoin has quietly changed, and the market is undergoing a new-old transition.

The native Token of Huma Finance, $HUMA, is showing signs of bounce back after a deep fall, as the price has dropped close to the zone of $0.031. Currently, the market is showing signs of a potential short term bottom formation, opening up opportunities for the buyers to demonstrate strength again.
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Bo Hines, America's Executive Director of Digital Assets, highlights how Trump's administration is transforming the US into a leading crypto hub. He discusses the positive shifts in crypto policy, aiming for a stable framework to support innovation and secure the US Dollar's dominance.

Ethereum (ETH) has recently sent another significant signal, indicating that institutions and Whales are continuing to increase their bullish bets on it. SharpLink Gaming continues its aggressive Ethereum acquisition strategy, having purchased approximately 15,822 ETH worth around $53.9 million. Meanwhile, a "mysterious" Whale quietly bought $300 million worth of ETH, attracting market attention. These large-scale capital flows suggest that Ethereum is poised for new breakthroughs in institutional adoption and market performance.

According to the Xiao Sa lawyer team’s WeChat public account, recently, the abbot of Shaolin Temple, Shi Yongxin, has been investigated by multiple departments, and it is estimated that many people have heard about it. What is surprising is that this matter seems to involve Bitcoin money laundering and the operation of mining rigs in the temple within the crypto world. This case not only exposes personal corruption but also brings the regulatory blind spots created by the collision of religious sites and crypto assets to the forefront. This article will analyze the compliance traps of crypto assets behind the collision between Buddhism and capital from a legal perspective, helping friends understand the legal boundaries of religious sites touching virtual assets.

PENGU is issuing a series of bullish signals that may reverse the situation. Market observers point out that the falling wedge pattern, a new round of RSI divergence, and the recent inflow of Whale funds all indicate that greater fluctuations may be on the horizon.

The SEC is reviewing Grayscale and Bitwise funds containing XRP, with public comments due by August 22. Grayscale argues its ETF should be automatically approved due to the SEC's missed decision deadline. Both funds have received initial approval but are under review.

Metaplanet has purchased an additional $54 million in Bitcoin, totaling 463 BTC, and now holds $1.96 billion in Bitcoin, making it the sixth-largest holder. The company aims to acquire 100,000 BTC by 2027 and has announced a significant capital raise to fund future purchases.

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The crypto market has once again shown a seasonal pattern of "August pullback, September explosion", with the total market capitalization of alts dropping 13% from its peak. Historical data indicates that in August 2023/2024, alts experienced a big dump of 28%/40%, followed by rebounds exceeding 140% in the subsequent months. Currently, the Altcoin season index has risen to 45, while BTC's dominance has fallen to 62%, indicating initial signs of capital rotation. Eric Trump, Trump’s second son, advocates "buy the dip BTC/ETH" and combined with Ethereum's strong performance, may trigger a full-scale launch of alt season, with the approval expectation of the ETH Spot ETF becoming a key catalyst.

The cryptocurrency market shows signs of recovery, with Sonic (S) forming a bullish harmonic pattern. The token’s price bounce indicates potential for upwards movement, targeting a reversal zone that suggests over 103% upside if it maintains support.

Today (4) during the Asian session, Bitcoin (BTC) slightly rebounded to above $114,000, after the US Non-farm Payrolls (NFP) data unexpectedly cooled down, leading to a drop below the $115,000 level, with a minimum dip near the $112,000 support. Due to the deterioration of global risk sentiment, increased inflows to exchanges, and the breakdown of technical patterns, the overall market atmosphere has turned cautious. Technical indicators suggest a bearish short-term outlook, as Bitcoin has broken below the symmetrical triangle pattern and formed a typical "Three Crows" pattern on the 4-hour chart, which usually indicates a continuing downtrend.

Despite the ongoing pullback in SOL prices, on-chain data indicates that long-term holders are significantly increasing their holdings against the trend. Glassnode metrics reveal that since the week of July 30, the net holdings change of holders has surged by 102%, with chips accelerating into cold storage. On August 2, the profit and loss ratio for SOL plummeted to 0.15 (the lowest in 30 days), indicating that recent sellers are generally capitulating and exiting the market. Historical patterns show that such capitulation-style dumping often occurs at the bottom of cycles. Combined with the RSI approaching the oversold zone and the OBV volume leveling off, SOL may construct a stage bottom below $165 in the short term, with the L1 public chain leader gearing up.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have temporarily escaped the weekend's sluggish market, with slight recoveries during the Asian session today (4th), currently stabilizing around $114,000, $3,500, and $3 respectively. These three largest market capitalization crypto assets experienced pullbacks of nearly 5%, 10%, and 9% respectively last week, and the overall market sentiment remains mixed. Technical indicators suggest that if the current support level is maintained, a rebound may occur in the short term.