Solana spot ETF approved in Brazil

Hot projects + Market overview

I. Mainstream exchange news

• Binance has listed Toncoin (TON) on Earn, Buy Crypto, Convert, and Margin.
• Coinbase International has opened perpetual futures trading for the cat in a dogs world (MEW), Memecoin (MEME), and Jasmycoin (JASMY).
• OKX Web3 Wallet has integrated Base Bridge and pump.fun.

II. Mainstream projects and trending events

• ING Bank expects the US Fed to signal a rate cut at the Jackson Hole symposium on August 22 to 24.
• Animoca Brands has partnered with Lamborghini to deliver web3-based experiences for fans and customers.
• The US Democratic Party has launched the "Crypto for Harris" campaign to counter Donald Trump's crypto initiatives.
• Japan's Finance Minister Shunichi Suzuki has said that algorithmic trading is one of the many factors contributing to market declines, not the sole reason.
• Digital asset trust company BitGo has received a Major Payment Institution license from Singapore's Monetary Authority.
• Markus Thielen, the founder of 10x Research, has warned that US consumer credit has hit its limit, potentially challenging the crypto market.
• The number of Bitcoins held by miners has dropped to a three-year low, according to crypto research firm Kaiko.
• Franklin Templeton has expanded its tokenized money market fund to Arbitrum.
• The Fear & Greed Index has risen to 48, indicating "Neutral" market sentiment. This is the highest level since it hit the all-time-low “Extreme Fear” zone three days ago.

III. Funding news

• Payman, an AI-to-human payment software, has completed a $3 million pre-seed funding round, participated in by Visa and Coinbase Ventures.
• LYNC, the first mobile-centric roll-up on Movement Labs, has raised $1.5 million in a pre-seed funding round, participated in by Movement Labs.
• AI liquidity allocation protocol Quantlytica has raised €1 million (roughly $1.09 million), which is participated in by Web3Port Foundation.
• Layer2 gaming ecosystem Moonveil has completed its pre-A round, bringing total funding to $9 million.

IV. Regulatory news

• Crypto executives met virtually with White House officials to discuss industry policy concerns, but no commitments were made. 
• Russian President Vladimir Putin signed a law on August 9, legalizing Bitcoin and cryptocurrency mining, with restrictions on registered entities and individuals only.
• The Brazilian Securities and Exchange Commission (CVM) has officially approved the world's first Solana spot ETF.
• The USABTC policy group has proposed a Bitcoin tax-free Digital Economic Zone (DEZ) in the United States.
• The Montenegrin Supreme Court has halted the extradition process of Do Kwon to South Korea.

V. Popular projects 

Market overview

BTC has broken through the $59,000-$61,000 resistance zone, leading to short squeezes.

BTC is trending upwards and will likely maintain this momentum if it stays above $58,000. However, the higher BTC rebounds, the greater the risk of a short-term correction.

The next major resistance level is $63,896.

FWOG is up 96% in a day

The price of FWOG, a frog-themed memecoin created by meme artist @Groowut, has surged 96% in the last 24 hours. 

Known for its high-quality artwork, FWOG has shown strong wealth effects on-chain. 

The token recently rebounded quickly, with holders reaching 9,000 and 24-hour trading volume reaching $16 million.

BRAINLET is up 63% in a day

Brainlet, a memecoin out of surreal memes, has surged 63% in the last 24 hours.

Surreal memes usually portray exaggerated and surreal scenarios that evoke laughter or contemplation. 

The BRAINLET token has reached on-chain liquidity of $730,000, and a trading volume of $4 million in the last 24 hours.

TOKEN is up 40% in a day

The price of TOKEN, the utility token of TokenFI, has surged 40% in the last 24 hours. 

TokenFi, under Floki, is focused on simplifying the process of crypto and asset tokenization

Listed on major exchanges, TOKEN combines meme and RWA concepts, and its price performs particularly well during BTC rebound cycles. 

UDS is up 100% in a day

Undeads (UDS), an MMORPG survival game based on the Ethereum chain, has surged 100% in the last 24 hours.

Since its launch in May, the UDS token has shown strong performance despite minor fluctuations. 80.98% of the UDS tokens are locked in contract addresses, limiting the token market circulation

UDS's market cap has reached $104 million.

HFUN is up 35% in a day

HFUN, the token of the Telegram trading bot Hypurr Fun, has surged 35% in the last 24 hours.

Hypurr Fun, built on the Hyperliquid network, reinvests all trading fees into purchasing HFUN tokens.

Since its release in June, HFUN's price has steadily increased. If the network activity or wealth effects of memecoins on the Hyperliquid network increase, HFUN is expected to benefit directly. 

HFUN's market cap has reached $19.87 million.

On-chain daily

1. FUKU: FUKU is a memecoin on the Ethereum chain, featuring the new dog of the Doge dog’s owner.

Current Price: $0.00004050

Historical High:$0.00004601

12-Hour Change: +451K%  

Current Market Value: $15.7M 

Official Twitter:https://x.com/FUKU_ON_ETH

2. HACHI: HACHI is a memecoin on the Ethereum chain, featuring the third dog of the Doge dog’s owner, following the dog FUKU.

Current Price: $0.0(5)5359

Historical High:$0.0(5)5481

12-Hour Change: +59,810%  

Current Market Value: $2.2M 

Official Twitter:https://x.com/HachiKunERC20

3. Lexi: Lexi is a memecoin on the Ethereum chain, featuring an AI-powered WhatsApp bot designed to simplify interactions with blockchain, offering real-time crypto insights, auditing, transactions, wallet tracking, and more.

Current Price: $0.03771

Historical High:$0.05833

12-Hour Change: +27.51%  

Current Market Value: $3.7M 

Official Twitter:https://x.com/LexiAIETH 

4. FWOG: FWOG is a memecoin on the Solana chain featuring a long-legged, long-armed frog with large feet. This is a community-driven version of the rugged $flog. There are no developers involved, and it has gained support from many Milady holders. Cole, one of the original creators of Pudgy Penguins, has also expressed interest in it on X.

Current Price: $0.02108

Historical High:$0.04307

12-Hour Change: +86.65%  

Current Market Value: $20.5M 

Official Twitter:https://x.com/solfwog

5. DANNY: DANNY is a memecoin on the Solana chain featuring a decadent gambler who enjoys living dangerously and spends money as soon as he earns it.

Current Price: $0.004271

Historical High:$ 0.007795

12-Hour Change: +14.28%  

Current Market Value: $4.1M 

Official Twitter:https://x.com/DannyDegens

6. PURPETW: PURPETW is a memecoin on the Solana chain featuring a purple Pepe, which is created to make Solana great again.

Current Price: $0.00001632

12-Hour Change: +29.98%  

Current Market Value: $6.8M 

Official Twitter:https://x.com/purplepepes0l

Daily rune observation

Gas Fee Change:

The current BTC transaction fee remains low at 4 satoshis/byte and fast at 6 satoshis/byte.

Today's popular projects:

1. BILLION•DOLLAR•DOG

   - Fully minted

   - Market Value: $335,000

   - 24-Hour Trading Volume: $4,050

   - 24-Hour Change: +283.39%

   - Holding Addresses:863

2.PUPS•WORLD•PEACE

   - Fully minted

   - Market Value: $6.16M

   - 24-Hour Trading Volume: $398,000

   - 24-Hour Change: +37.62%

   - Holding Addresses: 7,291

3. BILLION•DOLLAR•CAT

   - Fully minted

   - Market Value: $27.23M

   - 24-Hour Trading Volume: $45,000

   - 24-Hour Change: +15.78%

   - Holding Addresses:7,907

Top Rune projects tracking:

- DOG•GO•TO•THE•MOON: Rune #3, airdrop Runes of Runestone

  - Current Price:  5.4199 Sats

  - 24-Hour Change: +2.53%

  - Current Market Value: 5,675 BTC

- BAMK•OF•NAKAMOTO•DOLLAR: Synthetic dollar protocol on Bitcoin L1

  - Current Price: 4.39  Sats

  - 24-Hour Change: +4.39%

  - Current Market Value: 923 BTC

- RSIC•GENESIS•RUNE: Rune #8, from RSIC inscription mining project

  - Current Price: 3.98 Sats

  - 24-Hour Change: +14.94%

  - Current Market Value: 863 BTC

Performances of today's top three tracks

Layer 2: An overall daily increase of 8.3%

1. SAGA: SAGA is a blockchain protocol designed for the automated deployment of specific applications, serving as modular and gaming infrastructure. This allows developers to create and launch interoperable custom chains called "Chainlets." These chains can be flexibly scaled according to the needs of different Web3 applications, significantly reducing development time and costs.

   - Daily Increase: +19%

   - Current Price: $1.16

   - Current Market Value: $114M

   - 24-Hour Trading Volume: $53M

2. CULT: CULT DAO aims to accelerate the collapse of the global economic order and fund revolutionaries who share this goal. CULT is the token of CULT DAO, with a 0.4% tax applied to each buy and sell transaction. The funds are used for the DAO treasury and within the protocol.

- Daily Increase: +19%

- Current Price: $0.0(5)183

- Current Market Value: $7.5M

- 24-Hour Trading Volume: $373K

3. TAIKO: Taiko is a decentralized Ethereum-equivalent (Type-1) ZK-VM and a general ZK-Rollup Layer 2. Its purpose is to enable Ethereum dApp developers and users to deploy and interact with applications on Taiko without any changes or friction. While maximizing Ethereum's security, it offers faster speeds and lower transaction costs compared to Layer 1.

- Daily Increase: +16%

- Current Price: $1.947

- Current Market Value: $122M

- 24-Hour Trading Volume: $15.3M

SocialFi: An overall daily increase of 8.3%

1. BBL: Beoble is a Web3 messaging and social platform designed to facilitate secure wallet-to-wallet communication. It emphasizes end-to-end encryption and decentralized connections, allowing users to communicate directly through their crypto wallets.

- Daily Increase: +11%

- Current Price: $0.0157

- Current Market Value: $3.35M

- 24-Hour Trading Volume: $65.3M

2. G: Gravity is a new Layer-1 blockchain launched by Galxe, designed for mass adoption and an omnichain future.

- Daily Increase: +10%

- Current Price: $0.042

- Current Market Value: $301M

- 24-Hour Trading Volume: $65M

3. TON: Ton is the native token of The Open Network with 900 million users, which is a public blockchain closely associated with Telegram. Today's sharp price increase is attributed to its listing on Binance.

- Daily Increase: +8%

- Current Price: $6.15

- Current Market Value: $15.5B

- 24-Hour Trading Volume: $1.46B

RWA: An overall daily increase of 7.9%

1. TOKEN:  Launched by the Floki team, TokenFi aims to provide everything users need to tokenize assets within a simple, integrated platform without requiring any coding. Anyone can use the TokenFi platform to tokenize non-security real-world assets (RWAs) relatively quickly and efficiently.

- Daily Increase: +38%

- Current Price: $0.00678

- Current Market Value: $111M

- 24-Hour Trading Volume: $28M

2. POLYX: Polymesh is an institutional-grade permissioned blockchain launched by Polymath,  built specifically for regulated assets. It streamlines antiquated processes by solving the challenges around governance, identity, compliance, confidentiality, and settlement.

- Daily Increase: +20%

- Current Price: $0.236

- Current Market Value: $255M

- 24-Hour Trading Volume: $22.3M

3. VSYS: VSYS, fully known as V.SYSTEMS, is a blockchain infrastructure provider focused on database and cloud services. It uses the SPoS consensus algorithm to select supernodes.

- Daily Increase: +19%

- Current Price: $0.00155

- Current Market Value: $4.7M

- 24-Hour Trading Volume: $676.5K

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