On August 12th, according to on-chain analyst monitoring, Futures Trading Whales, after experiencing stop loss losses of 3.65 million USD from shorting ETH three times at the highest price, began to switch from short to go long: they started going long on ETH with 15x leverage 20 minutes ago, and have currently opened 7,700 ETH, worth 33.58 million USD.

After the Pump founder's live stream, the Token experienced a big dump, causing controversy.
At 4 AM last night, the co-founder of Pump gave an interview on a well-known streamer’s live channel. This live broadcast was jokingly referred to by some as the "FOMC" of the cryptocurrency field. It turned out that this live broadcast indeed had a significant impact on the market. During the live broadcast, the price of $PUMP fell nearly 15%, with a single-day drop of close to 20%, and its market capitalization briefly fell below $3 billion.
This interview is undoubtedly a PR disaster for Pump.
Main content of the interview
About $PUMP airdrop
The founder stated that the airdrop will be conducted as promised earlier, to reward the community that has supported their growth over the past year and a half. They hope the airdrop can stimulate trading volume in the ecosystem and promote long-term development. However, he emphasized that the airdrop will not take place in the near future.
Regarding the specific details of the airdrop, the founder stated that there are currently only a very few.

The stablecoin market has rapidly developed in recent years, with a global market capitalization reaching 24.38 billion USD, but it is still in the regulatory acclimatization phase. The United States is promoting stablecoin regulation through the GENIUS Act, clarifying regulatory entities and strengthening market development. A multi-regional regulatory framework has already formed globally, and stablecoins are gradually becoming an important component of the global financial market, enhancing the voice in the crypto market.

This episode of the podcast discusses the investment experiences and lessons from the current crypto market cycle. The guest believes that we are in the middle of a Bitcoin bull run, while altcoins are in a deep bear market, making investment more difficult. The key is to avoid chasing the price, adjust strategies in a timely manner, follow market changes, and strengthen trade reviews. At the same time, cross-sector investments need to be cautious to balance risks and returns.

The combination of Blockchain lending and physical assets ( RWA ) presents opportunities for the credit market, such as global accessibility, transparency, and efficiency, but also faces credit risks, compliance issues, and technological challenges. Future innovations are needed in both technology and regulation to promote the integration of TradFi and Blockchain.

Ethereum 2.0 stake contract reaches an important milestone
Data shows that the Ethereum 2.0 staking contract has successfully absorbed over 524,288 ETH, reaching the minimum threshold required to launch the genesis block. This significant progress paves the way for Ethereum 2.0 to go live as scheduled on December 1.
The successful completion of the staking contract marks the Ethereum community's support and anticipation for this major upgrade. With a sufficient amount of ETH locked in the contract, the Ethereum network now has the foundational conditions needed to launch version 2.0.
The achievement of this milestone not only showcases the vitality of the Ethereum ecosystem but also injects new momentum into the future development of blockchain technology. The timely launch of Ethereum 2.0 is expected to have a profound impact on the entire cryptocurrency industry, potentially driving broader blockchain applications and innovations.
As the launch date approaches, community members and market participants will closely monitor Ethereum.

Charles Allen, the CEO of the US-listed company BTCS, pointed out that naked short selling harms long-term investors and called for it to be stopped. In addition, he expressed concerns about the shorting of BTCS stock and emphasized that the company's goal is to enhance market capitalization rather than dilute shares. Currently, the ETH held by BTCS is worth nearly 300 million, with significant increases in Holdings.

Recent 4-hour Candlestick analysis shows that the market price has fluctuated in the past time period, approaching the support level of 174.0 and the resistance level of 185.0. The volume has decreased, and the market activity is low. The comparison of long and short forces is obvious. It is recommended to follow the buying points of 177.66 and 169.95, as well as the selling points of 187.4 and 187.55.

The Guangzhou Municipal People's Government has released an implementation plan to support Nansha in developing digital industries, attracting key institutions in Blockchain and artificial intelligence, encouraging local enterprises to collaborate with Financial Institutions, and promoting the construction of a cross-border regulatory system for data services and digital assets.

The main solutions for Bitcoin's second-layer network include Bitcoin sidechains, UTXO + client validation, Taproot Consensus, multi-signature + EVM, and Rollup. Each solution performs differently in terms of Bitcoin's native features, decentralization level, and implementation status. Among them, Taproot Consensus performs well across all dimensions, while other solutions face challenges in security and practicality. Investors need to consider comprehensively to choose the appropriate solution.