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Gate Research Institute Weekly Report: This week, BTC surpassed $124,000, reaching an all-time high; ETH climbed 12.02%, and leading altcoins posted significant gains. Chainlink partnered with ICE to integrate high-quality global foreign exchange and precious metals market data into on-chain applications. BitMine Immersion is planning to raise $20 billion to expand its ETH portfolio, indicating sustained long-term optimism among institutional investors toward ETH. The total cryptocurrency market cap hit a record $4.21 trillion, with BTC’s market cap surpassing that of Alphabet Inc., making it the fifth largest globally. Ethereum search interest reached its highest level since 2021, as both prices and on-chain activity surged. Base recorded over $2 billion in single-day DEX trading volume. On-chain activity set a new cycle high.

Gate Research Daily Report: On August 14, BTC broke above $124,400 to set a new all-time high; ETH held firmly above $4,700; and GT consolidated around $17.8, remaining in a short-term range-bound pattern. The total cryptocurrency market capitalization climbed to a record $4.21 trillion, with Bitcoin’s market cap surpassing Alphabet to rank fifth among global assets. Ethereum search interest reached its highest level since 2021, with on-chain activity and capital inflows jointly driving price strength. Base’s on-chain DEX daily trading volume exceeded $2 billion for the first time, highlighting the growing trading activity and capital capacity of the Layer 2 ecosystem.

Gate Research Daily Report: On August 13, BTC continued its upward consolidation, briefly approaching the $120,000 mark; ETH surpassed the $4,600 level, reaching a new high in the current rally. Cyber token surged over 220% following its successful exchange listing and institutional buyback plan; Solana ecosystem meme coin Fartcoin and computing network token Qubic also showed strong performance. DeFi platform Aave’s borrowing volume exceeded $25 billion, setting a new record. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoins, while MANTRA Chain’s testnet achieved full EVM compatibility with its mainnet scheduled for launch in September. Major US stock indices rose across the board, reflecting increased risk appetite and an overall bullish crypto market atmosphere.