In the past 24 hours, the crypto assets market has experienced a wave of falling trends. The price of Bitcoin (BTC) has fallen to around $113,000, a drop of over 2%. Ether (ETH) has also not been spared, dropping to around $4,130, with a decline of nearly 4%. Other mainstream crypto assets such as Solana (SOL), Dogecoin (DOGE), and SUI have also seen varying degrees of decline.



Despite the overall market showing a downtrend, on-chain activity remains active. The Total Value Locked (TVL) across the entire chain remains around $144.351 billion, roughly unchanged from the previous day. Some tokens like TROLL and USELESS saw counter-trend increases of 17.7% and 3.76%, respectively. However, the PUMP token experienced a fall of 7.38%. The 24-hour trading volume on decentralized exchanges (DEXs) reached $17.449 billion, while ETFs saw a net outflow of $526.4 million.

In industry news, Point72 and ExodusPoint's investment in Alt5 Sigma has attracted attention, while the SEC is investigating the alleged financial fraud by the company's president. James Wynn's Ethereum long position encountered partial liquidation, currently holding 36.66 ETH. USV has sold 731,000 UNI tokens again after 8 months, worth $7.43 million.

In terms of regulation and innovation, several blockchain associations plan to jointly send a letter to Trump in support of the CFTC chair nominee. Bitget has adopted Chainlink's proof of reserves solution to enhance the transparency of BGBTC assets. Boundless announced that it will launch a community token sale on the Kaito Capital Launchpad on August 25.

Market analyst Santiment pointed out that retail sentiment has shifted to extreme bearishness, which could be a signal that the market is about to reverse. Meanwhile, over 280 early Bitcoin domain names registered in 2010 are set to be auctioned, sparking industry attention on the early history of Bitcoin.

Overall, despite the downward pressure on the market in the short term, the continued on-chain activity and the advancement of industry innovation still provide momentum for long-term development. Investors should closely monitor market changes while also being aware of potential regulatory risks.
BTC-0.66%
ETH0.89%
SOL-1.21%
DOGE-1.16%
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PortfolioAlertvip
· 4h ago
Let it fall, it’s not the first time anyway.
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SurvivorshipBiasvip
· 08-20 07:50
Hurry to buy the dip I laughed to death at this little fall
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FancyResearchLabvip
· 08-20 07:49
Once again liquidated by smart contracts, doge has to adjust parameters. I will rewrite this broken contract.
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WalletDetectivevip
· 08-20 07:46
The plates are all crooked and you still don't buy the dip?
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SellLowExpertvip
· 08-20 07:40
bull run pause I close my eyes All in
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MevHuntervip
· 08-20 07:38
Rug Pull can't escape, bearing it.
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SchroedingersFrontrunvip
· 08-20 07:34
The suckers in the crypto world have fallen again.
View OriginalReply0
OnchainHolmesvip
· 08-20 07:29
Oh no, it's all falling. It's time to buy the dip.
View OriginalReply0
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