Bitcoin also surpasses the $123,700 level
August 13Breaking
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[Fed Watch] Besant: "Interest Rates Need to Drop by 1.5%P"... Intensified Pressure on Powell
The White House's pressure on the Fed is intensifying. Yesterday, President Trump threatened to sue Chairman Powell. He said, "We are considering allowing a massive lawsuit against him due to his incompetent handling while managing Federal Reserve building construction." Previously, when President Trump visited the Fed at the end of July, he said he would not interrupt Chairman Powell's term if there were no fraud issues in the construction process. Back then, it was interpreted as a sign of respecting his term, but now there is a possibility that allegations of fraud could be raised against him. Today, President Trump told reporters, "I'm thinking of appointing a new chairman a bit earlier," adding that he had "narrowed the choices down to three or four candidates." Treasury Secretary Scott Besant stated that the base rate should be 1.5~1.75% lower than it is now. This means the target should be 2.75~3.0%. The current market expectation for a September FOMC cut is just 0.25% points, which is a significant difference. Of course, compared to President Trump saying rates should be "3~4% points lower," Besant's proposal is less drastic, but it is still more aggressive than market expectations. This appears to be a move to further pressure the Fed. As the prospects for a rate cut increased, stock markets once again hit record highs. Statements from those aspiring to be the next Fed chair are also shaking up the Fed. Following previously mentioned candidates like Board Member Christopher Waller, this time, former St. Louis Fed President James Bullard stepped up. Appearing on CNBC yesterday, he praised President Trump’s economic policies and stated that tariffs would not push up inflation in the long run. He also said that over the year starting from September, the Fed would lower rates by 1% point, returning to the neutral rate. Bullard, who once wielded significant influence as a sort of casting vote, continues to be a key figure. With him siding with President Trump, Powell's position appears increasingly undermined. Attempts to challenge the very employment statistics underlying the Fed's judgment are also causing market concern. On the 1st, when the Bureau of Labor Statistics (BLS) released July’s nonfarm job gains—substantially revising down the figures for May and June—President Trump called the data manipulated, dismissed the then-director, and named loyal Heritage Foundation chief economist E.J. Antoni as the successor. Moreover, the recent appointment of Economic Council Chairman Steven Myron to replace outgoing Fed Board Member Adriana Kugler, who resigned with five months left in her term, is another example of efforts to sway the Fed. Kugler had specialized in labor economics and interpreted labor statistics, so bringing in Myron, known for his Mar-a-Lago Agreement ideas, is seen as paving the way for a more dovish interest rate stance at the Fed. Washington, D.C. = Sang-eun Lee, correspondent selee@hankyung.com
August 13General[Major Economic & Crypto Schedules Today] US New Unemployment Claims, etc.
<Today's Major Economic Schedule> ▶14th (Thu): △United Kingdom Q2 GDP (KST 15:00) △United States New Unemployment Claims (KST 21:30) △United States July Producer Price Index (PPI, KST 21:30) <Today's Major Cryptocurrency Schedule> ▶14th (Thu): △Lido (LIDO) Token Holder Update Notice △Solana (SOL) Ecosystem Announcement
August 13PiCKBitcoin Surpasses Google to Rank 5th Among Global Assets by Market Cap
Bitcoin (BTC) has overtaken Google to become the 5th largest global asset by market capitalization. As of 8:49 a.m. on the 14th, according to CompaniesMarketCap data, Bitcoin's market cap reached approximately $245.8 billion, surpassing Google's (about $245 billion) and ranking 5th among global assets. Meanwhile, Bitcoin hit an all-time high of $123,600 at 7:55 a.m. today. Currently, the price has slightly declined and is being traded at $123,485.91, up 2.69% from the previous day according to CoinMarketCap.
August 13GeneralBitcoin hits 24-hour high of $123,637; short position liquidations total $259 million
In the Binance Tether market, Bitcoin (BTC) has surpassed a 24-hour high of $123,600. On the 14th (local time), WuBlockchain reported on X that “In the Binance Tether market, Bitcoin hit a 24-hour high of $123,637.68 and is currently trading at $123,334.03, which is a 2.82% increase from a day earlier.” Meanwhile, according to CoinGlass data cited by WuBlockchain, total liquidations in the cryptocurrency market over the past 24 hours reached around $397 million. Of this, liquidations of short positions accounted for $259 million.
August 13PiCKUpbit launches virtual asset custody service 'Upbit Custody'… Addressing corporate demand
Dunamu, the operator of virtual asset (cryptocurrency) exchange Upbit, announced on the 14th that it will launch a virtual asset custody service called 'Upbit Custody'. Upbit Custody is a virtual asset custody service designed exclusively for corporations and institutions using Upbit's proprietary storage technology and infrastructure. As corporate virtual asset investments are allowed step by step, the demand for safely storing and managing these assets is expected to grow. Upbit aims to respond to this demand through Upbit Custody. Upbit Custody securely stores 100% of all client-deposited virtual assets in cold wallets that are isolated from the internet, blocking external threats such as hacking. In addition, it employs a multiple management system with MPC (Multi-Party Computation) and DKG (Distributed Key Generation) to prevent accidents from leaked single keys. Furthermore, Upbit Custody offers a customized wallet configuration feature, allowing assets to be managed in separate wallets based on type and intended use. Through this, corporations and institutions can systematically manage their virtual assets and ensure transparent asset operation, including enhanced accounting efficiency and compliance with internal audits. An Upbit representative emphasized, "Responsibility, technical stability, and procedural transparency are key for virtual asset custody," adding, "Upbit Custody is equipped with world-class strong security capabilities to thoroughly prevent internal incidents and external threats." He further stated, "By meeting legal standards and equipping Upbit Custody with internal control and audit response systems, we aim to provide a custody service that meets global standards." Meanwhile, Upbit Custody is available to corporations and institutions that have completed the KYC (Know Your Customer) process and can be applied for through the Upbit Custody page.
August 13General[New York Stock Market Briefing] Rises for the Second Day on Interest Rate Cut Expectations... S&P500 and NASDAQ Set New Highs Again
The three major indices of the New York stock market closed higher for the second consecutive day. As expectations grew for the Fed to cut rates in September, there was strong buying inflow into traditional stocks and small- and mid-cap stocks. On the 13th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 44,922.27, up 463.66 points (1.04%) from the previous session. The S&P 500 index rose 20.82 points (0.32%) to 6,466.58, and the tech-focused NASDAQ Composite added 31.24 points (0.14%) to end at 21,713.14. The S&P 500 and NASDAQ marked record highs for a second straight day. There were no clear economic indicators or events driving the market today. With the market awaiting the U.S. July Producer Price Index (PPI) announcement on the 14th, there appears to be continued risk-on sentiment triggered by the July Consumer Price Index (CPI) results. After the July CPI release, growing expectations for a September rate cut have created a buying bias. According to the Chicago Mercantile Exchange (CME) FedWatch Tool, the probability of the Fed cutting the benchmark interest rate by 0.25% points in September is being priced at 93.8%. In the afternoon, with the probability of a 'big cut' (a 0.5% point reduction) newly appearing, the probability of a 0.25% point cut decreased slightly. The probability of a 0.5% point cut is reflected at 6.2%. Particularly, buying was concentrated on small- and mid-cap stocks and traditional stocks, which are expected to benefit more significantly from a rate cut. The Russell 2000 index, which consists mainly of small- and mid-cap stocks, surged nearly 2% today. Following yesterday's 2.99% surge, the two-day rise is close to 5%. The expectation is that as rates fall, funding costs for smaller companies will drop, leading to significant earnings improvement. The Dow, largely comprised of blue-chip stocks, also rose more than 1%, marking a second straight day of gains over 1%. Excluding technology and consumer staple stocks within the index, gains were broad-based, with materials and healthcare showing especially strong advances. U.S. government officials pressuring for a rate cut also contributed to this atmosphere. U.S. Treasury Secretary Scott Besant said in a foreign media interview, “From September, consecutive rate cuts starting with a 'big cut' are possible.” Ross Mayfield, investment strategist at Baird, analyzed that strong second quarter corporate earnings provided another catalyst for the market. “This round of results was truly impressive,” he said, adding, “Despite numerous headwinds throughout the summer, companies showed resilience and excellent business diversification.” On the other hand, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, stated in public remarks, “We don’t want inflation to come back again,” maintaining a cautious stance on rate cuts. By sector, all sectors except consumer staples, technology, and communication services were strong. As small- and mid-cap stocks gain prominence, large technology stocks lagged somewhat in popularity. Among tech giants with market values over $1 trillion, only Apple and Amazon rose more than 1%, while the rest declined. Netflix and Palantir also dropped by more than 1%. The Philadelphia Semiconductor Index rose 0.9%. AMD advanced 5.37%, while ASML, Qualcomm, and Lam Research all closed with gains exceeding 1%. Conversely, Mediterranean fast-food chain Cava plunged more than 16% after its Q2 revenue missed expectations and it lowered its annual same-store sales outlook. AI infrastructure firm CoreWeave plummeted 20% after posting mixed quarterly results. The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) dropped 0.24 points (1.63%) to close at 14.49. Reporter Gojung Sam, Hankyung.com jsk@hankyung.com
August 13PiCK[Market Update] Bitcoin Surpasses $123,400… Sets New All-Time High
Bitcoin (BTC) is hitting a new all-time high as it surpasses the $123,200 level. As of 7:43 AM on the 14th, according to CoinMarketCap, Bitcoin is trading at $123,486.14, up 2.95% from the previous day. On the Upbit KRW Market, it is trading at ₩168,187,000, up 2.37% from the previous day. Meanwhile, Ethereum is also continuing its upward trend, nearing a new all-time high. Ethereum is currently trading at $4,761.87 on CoinMarketCap, up 4% from the previous day. Additionally, XRP is trading at $3.28, up 0.65% from the previous day, and Solana (SOL) is at $202.13, having increased by 5.32%.
August 13PiCKMetaMask, imminent launch of stablecoin 'mmUSD'... Collaboration with Stripe
The launch of MetaMask's proprietary stablecoin for its cryptocurrency wallet service appears to be imminent. On the 14th (local time), Decrypt, citing sources, reported that “MetaMask is set to launch its own stablecoin, 'mmUSD', as early as this Thursday.” It further stated, “MetaMask plans to partner with the payment service provider Stripe to introduce mmUSD as a primary trading pair for its various services.”
August 13GeneralGoogle withdraws plan to ban non-custodial wallets from Play Store… "Retreats amid strong backlash"
Google has withdrawn its plan to ban non-custodial cryptocurrency wallets from the Android Play Store. On the 14th (local time), Watcher Guru reported, "Google has withdrawn its plan to impose a total ban on non-custodial cryptocurrency wallets on the Play Store after facing backlash." Previously, Google had planned to ban non-custodial cryptocurrency wallets from the Play Store, and to mandate anti-money laundering (AML) and know your customer (KYC) procedures for related apps operating in the United States and European Union (EU). However, with the withdrawal of the plan, related apps can now be distributed and operated as before on the Play Store.
August 13GeneralEthereum On the Verge of Record High... Buying Momentum Rises Amid Policy Changes and Institutional Demand
Ethereum (ETH) is on the verge of reaching an all-time high due to a combination of factors, including institutional capital inflows and regulatory clarity. According to The Block on the 13th (local time), Ari Auerbach of Offchain Labs commented, "With policy changes and products, and infrastructure all in place," adding, "This has established the foundation for Ethereum to break and maintain a new all-time high." In fact, recent policy changes in the United States, such as allowing investment in virtual assets (cryptocurrency) through 401(k) retirement plans and establishing stablecoin regulations via the GENIUS bill, have provided greater regulatory clarity. Additionally, Ethereum spot ETFs saw a record net inflow of $1 billion on the 11th. Meanwhile, Ethereum is currently trading on CoinMarketCap at $4,725.23, up 2.76% from the previous day. The all-time high was recorded at $4,891 in November 2021.
August 13PiCKStrategy Achieves All-Time High Bitcoin Holdings with $77.2 Billion
It has been reported that the amount of Bitcoin (BTC) held by Strategy, led by Michael Saylor, has reached an all-time high. According to Watcher Guru on the 14th (local time), as of August 13th, Strategy's Bitcoin holdings reached $77.2 billion (about ₩106 trillion), marking a record high. This figure far exceeds last year's holdings of $41.8 billion (about ₩57 trillion).
August 13GeneralRipple Labs and SEC to end legal dispute…“Positive for XRP”
The prolonged legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs appears to be effectively coming to a close. On the 7th (local time), the SEC and Ripple Labs jointly submitted a settlement agreement to the appellate court stating that they would voluntarily withdraw their respective appeals and cross-appeals. Accordingly, the SEC and Ripple Labs agreed to bear their own legal costs and to bring the litigation to an end. Following this news, the price of XRP surged by more than 8%. Immediately after the announcement of the appeal withdrawal, XRP rose from $3.04 to $3.27 in the Binance Tether (USDT) market. Although the price has since slightly declined, it remains stable and is currently trading at $3.15. However, this settlement does not mean an immediate end to the litigation between the two parties. Under U.S. federal appellate rules, voluntary withdrawal of an appeal through mutual agreement is allowed, but the case is only officially closed once the court accepts it. Previously, both the SEC and Ripple Labs had submitted several settlement proposals to the court during the litigation, but these were dismissed. In June, Ripple Labs and the SEC submitted joint documents to the New York Manhattan federal court outlining a settlement on fines, but the court rejected the proposal. In 2023, they also attempted a partial settlement, but the court did not accept it. Nevertheless, the industry views this agreement as significant, seeing it as a sign of shifting regulation by the SEC. Kyungpil Jang, Chief Strategy Officer at Xangle, commented, “The mutual withdrawal of litigation by both parties is a symbolic event demonstrating a decrease in overall regulatory risk in the cryptocurrency industry. Previously, regulatory risks regarding security status had dampened various business activities such as staking services and capital raising, but this is expected to revitalize those activities.” Byungjun Kim, a researcher at Dispread, commented, “This agreement is the clearest instance yet that the SEC’s regulatory stance is easing. It is likely to have a positive impact on the industry overall, as it sets a precedent for other cryptocurrencies to avoid being classified as securities.” Experts also believe this withdrawal will serve as a catalyst for Ripple Labs’ business expansion and a rise in the price of XRP. Jang stated, “In the short term, the resolution of SEC-related risks is likely to restore investment sentiment and boost institutional participation, leading to an increase in the price of XRP. In particular, this withdrawal is expected to give momentum to Ripple Labs’ business expansion and the formation of new partnerships.” Kim added, “As regulatory uncertainties dissipate, more financial institutions are expected to pursue partnerships with Ripple Labs, and the likelihood of a spot XRP ETF has also increased significantly.”
August 12General[Today's Global Trending Coins] Ethereum, Kaito, Coinbase & More
According to the Token Mindshare, a metric by the AI-powered Web3 search platform Kaito that quantifies the influence of specific tokens within the virtual asset (cryptocurrency) market, as of the 9th, the top five most searched crypto-related keywords are Ethereum (ETH), Kaito (KAITO), Coinbase, Base, and Aerodrome Finance (AERO). Ethereum drew attention after surpassing $4,000 for the first time in eight months the previous day, marking a new yearly high. Currently, it has broken through the $4,100 level and is trading at $4,176.86 on CoinMarketCap, up 6.94% from the previous day. Kaito attracted interest after it underwent an extensive upgrade to the Kaito leaderboard the previous day. This update reportedly focused on improving leaderboard rankings and metrics. As of now, Kaito is trading at $1.21, up 5.19% from the prior day. Coinbase, Base, and Aerodrome Finance have seen increased online mentions, likely due to Coinbase opening DEX (decentralized exchange) services to select U.S. users today. Coinbase partnered with Aerodrome Finance to launch the DEX service, which reportedly allows trading of assets based on the Base chain. Additionally, investors are showing interest in Solana (SOL), Bonk (BONK), Milady Cult (CULT), SatLayer, and ApeCoin (APE).
August 9PiCK[Market Update] Ethereum surpasses $4,100...Upward trend continues
Ethereum (ETH) continues its upward trajectory, breaking through the $4,100 mark. As of 2:10 PM on the 9th, according to CoinMarketCap, Ethereum is trading at $4,167.92, up 6.67% from the previous day. Previously, Ethereum had recovered the $4,000 level after 8 months as of the previous day. Meanwhile, Bitcoin (BTC) is trading at $116,578.52 on CoinMarketCap, down 0.12% from the previous day. XRP is also trading at $3.31, down 0.76%, and Solana (SOL) is trading at $179.95, up 3.17% from yesterday.
August 9PiCKiSpecimen Announces $200 Million Solana Financial Strategy
Biotech company iSpecimen has announced its Solana (SOL) financial strategy. On the 9th (local time), AMB Crypto reported, "iSpecimen announced a $200 million Solana financial strategy, which demonstrates the growing demand for Solana among publicly traded companies." The specific implementation schedule and details have not yet been disclosed. Meanwhile, among major publicly traded companies, those that have adopted Solana as a strategic reserve asset include Upexi, DeFi Development Corporation, Sol Strategy, and Neptune Digital Assets. The value of SOL assets held by these companies totals $647 million.
August 9GeneralUS Solana Staking ETF sees $6.4 million net inflow the previous day…around ₩8.9 billion
The US Solana (SOL) Staking ETF recorded a net capital inflow approaching ₩9 billion the previous day. According to Farside Investors on the 9th (local time), REX-Osprey Solana + Staking ETF, the first Solana Staking ETF in the US, showed a net inflow of $6.4 million (around ₩8.9 billion) yesterday. This marks the first net capital inflow in six trading sessions since May 31.
August 9General"Allowing U.S. Retirement Funds to Invest in Virtual Assets, the Biggest Beneficiary Is Bitcoin"
U.S. President Donald Trump signed an executive order allowing retirement funds to invest in virtual assets (cryptocurrency), and there is a forecast that Bitcoin (BTC) will be the biggest beneficiary. According to Cointelegraph on the 9th (local time), Joshua Krüger, Growth Director of the dEURO Association, said, "The biggest beneficiary of this executive order is Bitcoin," and predicted, "Bitcoin has the highest institutional acceptance, so it is highly likely to be integrated first into regulated pension products." Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated that this executive order could revolutionize the virtual asset market. He expected, "The slow and steady buying pressure from retirement fund contributions could increase returns and lower volatility, potentially revolutionizing the virtual asset market."
August 8GeneralUS Ethereum Spot ETF Sees $455.84 Million Net Inflow the Previous Day—Four Consecutive Trading Days
The US Ethereum (ETH) spot Exchange-Traded Fund (ETF) recorded a net capital inflow of over $400 million the previous day. According to TraderT on the 9th (local time), the US Ethereum spot ETF recorded a net capital inflow of $455.84 million (about ₩634.3 billion) the previous day. This marks four consecutive trading days of net inflows and is the fourth largest single-day net inflow since launch. On this day, BlackRock ETHA saw a net inflow of $249.35 million, Fidelity FETH recorded $132.35 million. Additionally, Grayscale Mini ETH saw a net inflow of $38.25 million, Grayscale ETHE had $26.84 million, Bitwise ETHW had $7.83 million, and Invesco QETH had $1.22 million. The other products had no net inflow or outflow.
August 8PiCKMichael Saylor: 'Trump's gold tariff will expand institutional adoption of Bitcoin'
Michael Saylor, Chairman of MicroStrategy, predicted that U.S. President Donald Trump's tariff on gold imports would have a positive impact on Bitcoin (BTC). On the 9th (local time), Saylor stated in an interview with Bloomberg, as reported by Altcoin Daily, "Trump's gold tariff policy will serve as a catalyst to accelerate institutional adoption of Bitcoin." Previously, the United States Government decided to impose tariffs on imported gold bars weighing 1 kg. Specifically, it is understood that 1 kg and 100 ounce (approximately 3.1 kg) gold bars have been designated as subject to the tariff.
August 8GeneralU.S. Bitcoin Spot ETFs See $403.67 Million Net Inflow the Previous Day…3 Consecutive Trading Days
United States Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) saw a net inflow of over $400 million the previous day. According to Trader T on the 9th (local time), U.S. Bitcoin spot ETFs recorded a net inflow of $403.67 million (about ₩561.7 billion) the previous day. This marks net inflows for three consecutive trading days. On this day, BlackRock iShares Bitcoin Trust (IBIT) attracted $359.77 million, leading the net inflow trend, while Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $30.49 million, and Grayscale Bitcoin Mini Trust (BTC) saw $13.41 million in net inflows. Other products had no net inflow or outflow.
August 8PiCKAnonymous Whales and Institutions Accumulate 1,035,000 ETH Over the Past Month
During the past month, numerous unidentified whales and institutions have accumulated over 1,000,000 Ethereum (ETH). According to AmberCN on the 9th (local time), from July 10th to August 9th, numerous anonymous whales and institutions accumulated a total of 1,035,000 ETH (approximately $4,167,000,000). During this period, the price of Ethereum rose by 45%, from $2,600 to $4,000. The average purchase price of the accumulated ETH was estimated to be about $3,546. AmberCN explained, "Most of this amount is believed to be held by institutional investors, including listed U.S. companies, with an estimated average purchase price of approximately $3,546."
August 8GeneralEthereum ETF and Reserve Corporations Have Purchased $19 Billion Worth of ETH This Year
Since the beginning of this year, the total purchase volume of Ethereum (ETH) by spot ETFs and reserve corporations has reached $19 billion. On the 9th (local time), Nate Geraci, CEO of Novadius Wealth Management, shared on X, "This year, Ethereum ETFs and reserve corporations have bought Ethereum worth $19 billion. Of this, $7 billion came from spot Ethereum ETFs, and $12 billion was bought by Ethereum-focused financial firms." He added, "Banks, fintech companies, and corporations are actively adopting stablecoins, and a considerable number of them are expected to make payments on open-source blockchains like Ethereum," noting, "Bitcoin's dominance has started to weaken."
August 8GeneralEthereum whale sells 7,200 ETH…Sells Ethereum worth $34.76 million over 5 days
It was found that a whale wallet sold more than 7,000 Ethereum (ETH). According to OnchainLens on the 9th (local time), the whale sold 7,200 ETH (worth $28.49 million) over the past 18 hours. The average selling price was $3,957. The whale has disposed of a total of 9,000 ETH in the past 5 days, bringing the cumulative sales amount to $34.76 million. The overall average selling price is identified as $3,863.
August 8GeneralRipple Stablecoin RLUSD Supply Rises 32.3% in July
The supply of Ripple’s stablecoin RLUSD saw a significant increase last month. According to Cryptoslate on the 8th (local time), the supply of RLUSD surpassed $600 million in July, marking a 32.3% increase compared to the previous month. This represents the second largest growth after Ethena Labs' USDe. RLUSD has continued its strong growth trend since May. As of the end of May, its market cap stood at $309 million, and by the end of June, it had surged by over 47% to $455.3 million.
August 8GeneralEric Trump: "Ethereum short positions liquidated... Can't help but smile"
Eric Trump expressed his satisfaction over the liquidation of short positions due to Ethereum (ETH)'s rise. On the 9th (local time), Eric Trump shared on his X, "Seeing a large number of Ethereum short positions being liquidated makes me smile," expressing his delight. Meanwhile, Ethereum is trading at $4,016.42, up 2.87% from the previous day according to CoinMarketCap.
August 8GeneralWorld Liberty Financial pushes for the establishment of a crypto treasury company… Structure holding WLFI and cash
World Liberty Financial (WLFI), led by the family of former U.S. President Donald Trump, is reportedly preparing to establish a crypto treasury company. According to an investment proposal reviewed by Fortune on the 8th (local time), World Liberty Financial is set to announce the establishment of a crypto treasury company that will hold both its own token WLFI and cash. The proposal includes plans for Eric Trump and Donald Trump Jr. to join the board, with $1.5 billion (approximately ₩2 trillion) to be raised to secure capital for the new corporation.
August 8General'World Liberty Financial, led by the Trump family', seeks to raise $1.5 billion in funding
World Liberty Financial (WLFI), led by the Trump family, is reportedly pursuing a large-scale fundraising effort. According to Unfolded on the 9th (local time), World Liberty Financial is confirmed to be in the process of raising $1.5 billion (approximately 2 trillion won). Specific issuance methods or terms have not yet been disclosed.
August 8GeneralPutin: "If Ukraine hands over territory in the eastern region, the war will end"
Russian President Vladimir Putin reportedly delivered a comprehensive proposal for a ceasefire in the Ukraine war to U.S. President Donald Trump. According to The Wall Street Journal (WSJ) on the 8th (local time), European and Ukrainian officials familiar with the matter said, "President Putin of Russia has presented the Trump administration with a comprehensive proposal for a ceasefire with Ukraine. This includes the transfer of Ukraine's eastern region to Russia and a condition that the international community recognize Russia's sovereignty over these territories." Meanwhile, President Donald Trump announced plans to hold a summit with Putin in Alaska on the 15th. The detailed agenda and exact location of the meeting have not yet been disclosed.
August 8PiCKVirtual asset projects raise $2.67 billion in July... equivalent to 85% of total Q2 funding
Last month, investments raised by virtual asset (cryptocurrency) projects exceeded $2.6 billion. According to DeFiLlama data cited by CryptoSlate on the 9th (local time), the amount of investment raised for virtual asset projects in July was $2.67 billion (about ₩3.6 trillion), a 6% increase compared to June. This figure represents 85% of the total funds raised in the second quarter of this year. In particular, the token presale of Pump.fun approached $1 billion, making a significant contribution to the increase in investment funds in July.
August 8General