💣 Eric Trump Checks In on the Haters
Posted “How am I doing now” to everyone who doubted his ETH call
Back in February he told people to buy at $2,900 and, well… the chart speaks for itself 🦆
💀 Lost Key Costs Over $1B
In 2015 Estonian banker and LHV Bank founder Rain Lõhmus invested $75,000 in Ethereum’s ICO
He later lost the wallet’s seed phrase and today it holds over $1.11 billion in ETH 🪄
🐱 CEA Industries Inc, now rebranded as BNB Network Company (BNC), has acquired 200,000 BNB worth $160M, becoming the largest corporate holder of the token
The company still has $340M in cash and may raise another $250M ☺️
🥂 Gate Update: “New High Scores Everywhere” Edition
🔼Alpha trading volume smashes another record - some users pulled 299U in rewards
🔼VISA & Mastercard withdrawals now open for 36 fiat currencies
🔼World3 (WAI) spot + perps launching; CandyDrop, Simple Earn, and Alpha events coming
🔼Alpha Points Airdrop Phase 8: hold 81 Points, get 20 ERA
🔼VIP Navigator Program live - gift boxes, futures bonuses, F1 ticket for top agent
🔼WAI up +140% post-launch
🔼Overlay Protocol (OVL) first launch + 95,239 OVL HODLer airdrop
🔼CORN live with trading comp + Simple Earn event
🔼Launchpool gets “Dual Earnings” upgrade
🔼Derivatives volume up 44%, USD1 holdings #2 globally
Gate is basically farming ATHs in every category at once 🎧
🚬 Circle launches its own L1 blockchain for stablecoins
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💳 Stripe to launch its own blockchain
The payments giant is building Tempo, a new blockchain aimed at scaling global payments
Big fintech stepping deeper into Web3 🌅
😊 Companies are buying Ethereum at record speed
😊 Bitmine added 320,000 ETH in a week, now holding 1.15M ETH worth $5B - the largest ETH treasury in the world
😈 SharpLink raised $400M to buy ETH and currently holds about 598,800 ETH ($2.5B)
Corporate ETH FOMO is in full swing🍿
🎉 Crypto Fund Flows Weekly Update
Last week saw $572M in total outflows from digital asset investment products. Bitcoin recorded $260M in inflows while Ethereum attracted $268M
ETH and BTC battling for the spotlight this week 😏
🪙 Ethereum hits highest price since December 2021
ETH reached $4,350, surpassing Netflix and Mastercard by market cap
The market clearly remembers who’s the king of altcoins 😫
🚬 Verb Technology raised $558 million and rebranded as TON Strategy Co., becoming the first public company to hold Toncoin as a treasury asset
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🥂 Gate Update: “Full Throttle August” Edition
🔼ETH staking tops 160K ETH, APR at 5.04%
🔼Alpha top vols: KOGE, BLUP, BR
🔼Points Airdrop Phase 7: hold 125 Points, get 700 ESPORTS
🔼Red Bull Racing Tour Phase II closes - $27B in volume
🔼BTC Prediction Challenge: up to $8K/user, $100K pool
🔼SLAY perps launching - name checks out
🔼FomoX early access + feedback rewards live
🔼Alpha gainers: BELIEVE, UPRIGHT, littleguy, SPARK
🔼VIP Savings Bonus: 6% APR on 7-day USDT term
🔼Gate sponsoring Token of Love Music Fest - Web3 meets IRL stage
Gate’s running on race fuel and airdrop fumes 🔑
💸Harvard Buys Bitcoin
Harvard University just put $120M into BlackRock’s Bitcoin ETF
Even the Ivy League is stacking sats now 🥂
🪙 Vitalik Buterin back in the billionaire club
Ethereum’s co-founder now holds 240,000 ETH worth around $1B across his wallets
Proof that in crypto you can fall and rise again 😎
💣 BTC vs M2: No Clear Correlation
Glassnode notes that Bitcoin’s price and global money supply (M2) sometimes move together and sometimes don’t, with no consistent economic link
Looks more like coincidence than a rule 🎉
🐂 None of the 30 bull market peak indicators have triggered yet
According to Coinglass data, the market hasn’t shown a single sign of topping out
Bulls still have room to run 🏃♀️
🤵 U.S. banks are pushing to ban exchanges from paying interest on stablecoin staking, citing a GENIUS Act loophole that lets affiliates bypass issuer restrictions
🚬 They warning it could drain trillions from bank deposits and heighten financial stress
💸 Strategy Adds More Bitcoin
The company bought 155 BTC at an average price of $116,401 each
Steadily stacking sats like it’s their full-time job 🗿
😊 Fear & Greed Index rose to 73, deeper in Greed
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🥇 Top Crypto Gainers & Losers: Tuesday, August 12
📈 Top Gainers:
Codatta (XNY) +104.1%
RIZE (RIZE) +96.0%
CYBER (CYBER) +65.0%
📉 Top Losers:
Yala (YALA) -21.2%
Mythos (MYTH) -20.4%
REVOX (REX) -20.4%
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🤡 Whale quietly scoops up 312,052 ETH
Over the past 8 days a single whale opened 10 fresh wallets and stacked $1.35B worth of Ethereum
Someone’s getting ready for a big move 🐸
🐸 97% of Ethereum addresses are in profit
ETH holders are enjoying one of the most profitable periods in years
Almost everyone’s bags are smiling 😏
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😊 China Pushes Blockchain Adoption: Central Bank & Regulators Urge Financial Institutions to Streamline Operations Using Blockchain Tech
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🐱 Fear & Greed Index stands at 68, still Greed, just a little cooler than before
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🥇 Top Crypto Gainers & Losers: Monday, August 11
📈 Top Gainers:
U u (UU) +85.8%
The Spirit of Gambling (TOKABU) +74.3%
Zora (ZORA) +40.2%
📉 Top Losers:
Uranus (URANUS) -22.7%
Ket (KET) -18.1%
Siren (SIREN) -16.3%
🦮Dogwifhat Hat Sold
Original pink knit hat sold for 6.8 BTC (~$794K)
Bought by Finn (BAGS), promises to “return it to the community”
Meme culture stays undefeated 🐶
🪙Another degen shorted 90K ETH during ponzi-style moves by ETH treasury firms and got liquidated at $4,100–$4,181
😐 From +$25M unrealized profit to -$15.85M and a full wipeout
😊 In 2018, a top Harvard economist said BTC was more likely to drop to $100 than hit $100K
😨 Seven years later - they’ve invested $116M into Bitcoin
Classic: first hate, then FOMO 😊
🤙 5 years ago today, Michael Saylor’s Strategy bought Bitcoin for the first time at $11,500
Today they hold 628,791 $BTC with an unrealized profit of $28.4B
Diamond hands pay off 👊
