SoSoValue ETF News：
21SHARES XRP ETF Registered in Delaware

On August 23, according to market news, the 21SHARES XRP ETF has been registered in Delaware, USA.
[BlockBeats] - link

$MAG7.SSI $XRP

SoSoValue Hot News：
Bitcoin Core developers call opponents "Knotzis," point out software flaws

The Bitcoin developer "OP_RETURN war" continues to escalate. Bitcoin Core developers are calling the opposition "Knotzis" and mocking their software vulnerabilities; however, Knots nodes have increased from less than 400 to nearly 4,000 this year, while Core nodes have stagnated at around 20,000. The dispute between the two sides has evolved from technical disagreements to personal attacks, and Chaincode Labs has also been accused of playing a leading role in it. [Protos] - link

$BTC

SoSoValue Hot News：
WLFI increased its holdings by 1,076 ETH at an average price of $4,670.00

According to Lookonchain monitoring, the Trump family's crypto project WLFI spent 5,025,000.00 USDC to increase its holdings by 1,076 ETH, at an average price of $4,670.00. [Wu Blockchain] - link

$USDC $ETH $MAG7.SSI

SoSoValue Hot News：
African Crypto Crackdown Arrests 1,200, Including Chinese Citizens

Interpol's "Operation Serengeti 2.0" led a joint effort by law enforcement in 18 African countries and the United Kingdom, resulting in the arrest of 1,209 individuals involved in crypto cybercrime, affecting nearly 88,000 victims, and recovering $97.40 million. During the operation, Zambia uncovered a $300.00 million crypto investment scam, and Angola shut down 25 illegal mining centers and arrested 60 Chinese citizens. [The Block] - link

SoSoValue ETF News：
VanEck Submits Application for First Spot Solana ETF Based on JitoSOL

On August 22 that according to the Jito Foundation, VanEck has submitted an S-1 application to launch the first spot Solana ETF fully supported by the liquid staking token (LST) JitoSOL - VanEck JitoSOL ETF. In 2025, the SEC clarified that protocol staking and liquid staking, under certain structures, do not involve securities transactions, paving a compliant path for the use of LST in an ETF. This ETF will provide investors with liquidity, tax and regulatory clarity, and the economic advantage of offsetting fees through staking income. Furthermore, JitoSOL strengthens the security of the Solana network through decentralized staking, indirectly contributing to the health of the network for investors. The VanEck JitoSOL ETF application, currently under review, is an important step in connecting blockchain infrastructure with institutional investors. [PANews] - link

$JITOSOL $SOL

SoSoValue ETF News：
Jito: S-1 filing for VanEck JitoSOL ETF has been submitted

According to official news, Jito announced that it has submitted the S-1 filing for the VanEck JitoSOL ETF. This application is the result of months of policy advocacy work in cooperation with regulatory agencies such as the U.S. Securities and Exchange Commission, as well as the continuous business expansion and education work of many ecosystem contributors. [Odaily] - link

$JITOSOL $JTO

SoSoValue Hot News：
Ethereum Foundation Releases Protocol Update 002

The Ethereum Foundation released Protocol Update 002, which introduces the research progress of Distributed Storage Architecture (DAS) and its importance for the secure and scalable expansion of decentralized applications (DA). Content updates include: Fusaka launched PeerDAS, a new data architecture that allows blob expansion to exceed today's throughput levels, from 6 blobs/block to 48 blobs/block; Only Blob Parameters (BPO) forks will gradually increase the number of mainnet Blobs and provide support through incremental peer-to-peer bandwidth optimization; Glamsterdam plans to use advanced network technology to iterate on the PeerDAS design to further expand; as the scale of data continues to expand, memory pool sharding technology can retain the value of Ethereum; research on the next generation of DAS will open the evolution of secure DA expansion. [Wu Blockchain] - link

$ETH

SoSoValue ETF News：
Today, 10 Bitcoin ETFs saw a net outflow of $234 million in BTC, while 9 Ethereum ETFs saw a net inflow of $299 million in ETH.

On August 22nd that according to Lookonchain, updated data from August 22nd showed that 10 Bitcoin ETFs saw a net outflow of 2,014 BTC, valued at $234 million. Of this, the iShares (Blackrock) Bitcoin ETF saw an outflow of 1,135 BTC, with a current holding of 746,288 BTC valued at $86.57 billion. Meanwhile, nine Ethereum ETFs saw a net inflow of 64,739 ETH, valued at $299 million. The iShares Ethereum ETF saw a single-day inflow of 55,065 ETH, with a current holding of 3,541,278 ETH, valued at $16.41 billion. [PANews] - link

$BTC $ETH

On July 17, Plasma announced the launch of its token XPL's public sale, with subscription amounts exceeding $373.00 million USD, an oversubscription of more than 7 times. In addition, the project's mainnet Beta version will be officially launched with a total locked value (TVL) of $1.00 billion USD in stablecoins, setting a record for the fastest scale to reach this TVL in blockchain history.

The native token XPL token economic model has also been announced, with a total supply of 10.00 billion tokens, and the specific allocation plan is as follows:

10% allocated for public sale, XPL for non-US purchasers will be fully unlocked when the Plasma public mainnet beta is launched;

XPL for US purchasers needs to be locked for 12 months and will be fully unlocked on July 28, 2026;

40% allocated for ecosystem and growth, of which 8% will be unlocked immediately when the mainnet beta is launched, and 32% will be unlocked proportionally every month within three years after the mainnet beta is launched;

25% allocated to the team, of which 1/3 will be unlocked one year after the public launch of the mainnet beta, and the remaining 2/3 will be unlocked proportionally every month within the following two years;

25% allocated to investors, with the same unlocking schedule as the team. [BlockBeats]-source
- link

$BTC

On Friday, Binance increased the total threshold to 1 billion USDT with plans to allow multiple subscription tranches. “Due to overwhelming response, we increased the Total Subscription Limit to 1,000,000,000 USDT and opened subscriptions in batches,” a spokesperson told The Block. A second 250 million USDT quota was filled in three minutes, Binance added.
Plasma is a Bitfinex-backed, stablecoin-focused Layer 1 that raised about $373 million in a 10-day oversubscribed public sale. This was more than seven times its original $50 million target. The chain is designed to provide fee-free USDT transfers and blends Bitcoin’s UTXO architecture with the Ethereum Virtual Machine to combine Bitcoin-style accounting with EVM programmability.
[The Block]-source


An Overview of Stablecoin Project Plasma's Information and Tokenomics


On August 22, the market paid attention to the fact that the second round of Binance Plasma USDT regular products with a quota of 250.00 million USDT was sold out in 3 minutes. On June 9, an address spent 39.15 ETH (worth approximately $100,000.00 USD) in Gas fees to become the first Plasma deposit address, successfully staking 10.17 million USDC to Plasma.

Plasma has a strong investment lineup and is a Layer 1 blockchain designed specifically for stablecoins, aiming to optimize stablecoin payments and settlements and provide an efficient, low-cost, and secure trading experience. It previously received strategic investment from Peter Thiel's Founders Fund and announced a $24.00 million USD financing round in February this year ($20.00 million USD Series A financing and $4.00 million USD seed round financing), led by Framework Ventures, with participation from cryptocurrency trading platform Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.

Plasma’s XPL token trades above $4.5 billion fully diluted valuation in pre-markets


Plasma’s yet-to-launch XPL token is now trading on multiple pre-listing markets, with Binance’s pre-market venue opening order books and Hyperliquid listing an XPL-USD “hyperps” contract that lets traders take up to 3x leveraged long or short positions ahead of a centralized-exchange spot debut.
Hyperliquid said its hyperps do not rely on an external spot or index oracle. Instead, funding is set versus a moving average of the contract’s own mark price. The exchange argues that this approach reduces manipulation risks typical of pre-launch futures.
The Plasma (XPL) token sale, conducted in July 2025, raised $373 million in 10 days, with a fully diluted valuation of $500 million. The sale involved 10% of the total 1 billion XPL token supply, implying a token price of approximately $0.05 per XPL at the time of the sale. Currently, it's trading at $0.45 on Hyperliquid and Binance, indicating a fully diluted valuation of $4.5 billion.
Speculation around XPL’s early pricing is intense. DeFi analyst Ignas wrote on X that XPL was trading near 10x its initial public-sale valuation on Hyperliquid and that long positions were paying funding “around 1,200% APY” at an implied market value near $5 billion. Hyperliquid data showed $49 million in trading volume and $33 million in open interest shortly after the contract was listed. Notably, these conditions can change quickly in historically frothy pre-listing markets.
The pre-market activity follows a series of Binance promotions tied to the project. This week, the world’s largest centralized crypto exchange said the initial 250 million USDT quota for its “Plasma USDT Locked Product”—which offers daily USDT yield and future XPL rewards after the token generation event—filled quickly, with more capacity promised.

On August 22, according to Coinglass data, the total amount of liquidation in the entire network reached US$92.785 million in the past hour, of which the amount of long position liquidation was US$91.0882 million, accounting for more than 98%, and the amount of short position liquidation was US$1.6968 million. [PANews]-source


Opinion: The Ethereum developer ecosystem is similar to the iPhone platform, and the price may rise to $8,000.00-$10,000.00.


According to Greg Magadini, director of derivatives at Amberdata, Bitcoin is now like a hybrid of digital gold and a risk asset, driven by both sentiments amid rising stock markets and pressure on the Federal Reserve to cut interest rates. While some call Ethereum outdated technology, Ethereum has a developer ecosystem, much like the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate, so Ethereum's price is expected to continue to follow Bitcoin's rise, with the potential to reach the $8,000.00 to $10,000.00 range. (Decrypt) [Odaily]-source


The participation threshold for the Binance Wallet Hemi Booster activity is 61 points.


According to the official announcement, Binance Wallet is partnering with Bitcoin scaling protocol Hemi to launch an exclusive Booster event where users can participate in an airdrop of 200 million HEMI tokens by completing multi-stage tasks.
The first phase will distribute 50.00 million HEMI token rewards, and users with more than 61 Alpha Points are eligible to participate in the event.
[Odaily]-source

SoSoValue Newsletter：
SoSo Web3 Newsletter | Aug 22


🔐 Crypto Market Overview

Total Market Cap - $3.89T / 24H -0.915%
24H Total Trading Volume - $125.90B / 24H -16.1%

BTC

Price - $112,400 / 24H -1.04%
Market Cap - $2.24T / Dom 57.5%
24h Trading Volume - $35.25B / Dom +28%

ETH

Price - $4,286.4 / 24H +0.324%
Market Cap - $517.41B / Dom 13.3%
24h Trading Volume - $26.39B / Dom +21%


📊 Bitcoin ETF Tracker | 2025-08-21

🟥 Daily Total Net Inflow -$194.32M
💰 Total Value Traded $2.85B
🏦 Total Net Assets $144.48B
📊 ETF Market Value Ratio 6.45%

🥇 Net Inflows/Outflows for Each ETF
🟩 BTC +$4.97M
🟩 EZBC +$3.25M
⬜️ BTCO $0
⬜️ BTCW $0
⬜️ BRRR $0
⬜️ BITB $0
⬜️ HODL $0
⬜️ GBTC $0
⬜️ DEFI $0
🟥 FBTC -$31.77M
🟥 ARKB -$43.28M
🟥 IBIT -$127.49M
Note: Only data disclosed and updated by the ETF issuer is included.Real-time tracking of Bitcoin ETF data:
https://sosovalue.com/zh/assets/etf/us-btc-spot



🔥 Crypto Sector Tracker

Top 3 📈 -ETH +0.375% /StableCoin +0.00169%
Top 3 📉 -RWA -3.79% /AI -2.87% /Meme -2.79%


📈 Top 5 Token Gainers

GODL 24H +213% / $0.0007589
HT 24H +105% / $0.9339
EVER 24H +99.3% / $0.014578
MAT 24H +94.1% / $1.2
GARI 24H +50.9% / $0.008029


🔥 Crypto 24H Hot News

In the past hour, the total amount of liquidation on the entire network reached 92.785 million US dollars, with long orders accounting for more than 98%.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has ordered an audit of Binance Australia, citing serious concerns about its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. AUSTRAC pointed out that Binance's recent independent review was insufficient and that there were issues such as high employee turnover, lack of local resources, and management oversight, questioning its level of compliance governance. Binance Australia must nominate an external audit institution within 28 days, which will be reviewed and selected by AUSTRAC.
6. UAE RAKBANK Bank Launches BNB Trading Service
CZ stated that BNB can now be traded at RAKBANK, one of the largest banks in the UAE. It is reported that RAKBANK, one of the largest banks in the UAE, has launched cryptocurrency trading services through its application, with BNB being one of the first 8 cryptocurrencies opened to customers.

7. Coinbase CEO: Implemented Mandatory In-Person Training to Combat North Korean Hackers Seeking Remote Work
Coinbase CEO Brian Armstrong stated that North Korean IT workers are targeting Coinbase, and he is mandating in-person training to combat North Korean hackers seeking remote work. Coinbase requires all employees to travel to the United States for on-site training, and anyone who can access sensitive systems must have U.S. citizenship and undergo fingerprint identification. Brian Armstrong said that Coinbase requires potential employees to turn on their cameras during interviews "to prove they are not artificial intelligence" or have not been instructed.

 
[BlockBeats] - link

$BTC $MAG7.SSI $ETH $USDT $BNB $COIN $SBET

Ethereum microstrategy company SharpLink has announced that its board of directors has approved a stock buyback program for up to $1.5 billion of the company's common stock. The company stated that repurchasing shares would be more value-accretive when the stock price is below the net asset value of its ETH holdings. The repurchase will be conducted through open market transactions, private negotiations, or other legal means, with the specific timing and quantity depending on market conditions, and the company has the right to suspend or terminate the program at any time.
4. Taiwan Prosecutors Indict Virtual Currency Exchange for Money Laundering, Involving NT$2.3 Billion
Taiwanese prosecutors are investigating the largest suspected money laundering case involving a physical virtual currency exchange in history. Today, the Shilin District Prosecutor's Office indicted Shi Qiren, the person in charge, and 14 others on charges of fraud, money laundering, and organized crime, and applied for the confiscation of NT$1,275,000,000.00 in criminal proceeds. The prosecutors pointed out that Shi Qiren and others, through the overseas exchange CoinW and its affiliated stores that were not approved by the Financial Supervisory Commission, opened more than 40 stores across Taiwan, assisting fraud groups in converting cash into virtual currencies, laundering as much as NT$2,300,000,000.00 in one year, with more than 1,539 victims. In this case, NT$60,490,000.00 in cash and 640,000.00 USDT and other assets were seized. The prosecutors believe that Shi Qiren refused to plead guilty and had a poor attitude, causing significant damage, and have requested the court to sentence him to 25 years in prison.
5. Australia Orders Audit of Binance's Local Operations

SoSoValue Hot News：
Wu Shuo Daily Crypto News Highlights - Philippine lawmaker files bill to establish national Bitcoin reserve, plans to purchase 10,000.00 Bitcoins within five years

1. Philippine Lawmaker Submits Bill to Establish National Bitcoin Reserve, Plans to Purchase 10,000 Bitcoins Within Five Years
Philippine Congressman Migz Villafuerte has submitted HB 421, proposing the establishment of a Philippine strategic Bitcoin reserve. The proposal calls for the Philippine Central Bank (BSP) to purchase 2,000 Bitcoins annually for five consecutive years, totaling 10,000 Bitcoins, and hold them for 20 years to ensure national security and debt stability.

2. China Renaissance Capital Partners with YZi Labs, Will Invest Approximately $100 Million to Specially Allocate BNB Assets
China Renaissance Capital has announced a strategic cooperation memorandum with YZi Labs to support the application of the BNB and BNB Chain ecosystem and establish a mutually empowering cooperative relationship. The cooperation includes: the company will invest approximately $100 million to specially allocate BNB assets, intending to become the first Hong Kong-listed company to include BNB in its special digital asset allocation; promote Web3 ecosystem-related initiatives and promote the compliant exchange listing arrangements for BNB; and promote real-world asset (RWA) funds and BNB Chain ecosystem projects.

3. SharpLink Board Approves $1.5 Billion Stock Buyback Program

SoSoValue Hot News：
South Korean Court Orders Wemade to Pay Former Employees Approximately $7.14M in Outstanding Payments

According to Nwes1, the Seoul Central District Court in South Korea has ruled in partial favor of the plaintiffs in a claim lawsuit filed by current and former employees of blockchain company Wemade against the company. The court ruled that Wemade must compensate them a total of 9,939,280,000.00 South Korean won (approximately $7.14M). Previously, Wemade was embroiled in a lawsuit with 27 former and current employees over a performance bonus dispute, with these employees demanding payment of Wemix token bonuses worth approximately 16,100,000,000.00 South Korean won (approximately $127.00M). [Wu Blockchain] - link

$WEMIX

SoSoValue ETF News：
Glassnode: Institutional selling pressure continues to grow, exacerbating market risk aversion

Glassnode posted on the X platform that as the market weakens recently, the selling pressure of spot ETFs in the United States has been increasing. Bitcoin ETFs have seen outflows of up to 42,000 BTC, while Ethereum ETFs have seen outflows of up to 111,000 ETH, exacerbating the general risk-off sentiment in the overall market.
[Odaily] - link

$BTC $ETH

SoSoValue Hot News：
China Renaissance and YZi Labs are partnering to invest approximately $100.00 million for a special allocation of BNB assets.

According to the official announcement, China Renaissance Capital announced a strategic cooperation memorandum with YZi Labs to support the application of BNB and BNB Chain ecosystem and establish a mutually empowering cooperative relationship. The cooperation includes: The company will invest approximately $100.00 million for special allocation of BNB assets, and intends to become the first Hong Kong listed company to include BNB in special digital asset allocation; promote Web3 ecosystem-related initiatives and promote the compliant exchange listing arrangement of BNB; promote real-world asset (RWA) funds and BNB Chain ecosystem projects. [Wu Blockchain] - link

$RWA

SoSoValue ETF News：
Glassnode: Institutional selling pressure continues to increase, exacerbating market risk aversion

Glassnode posted on the X platform that as the market weakens recently, the selling pressure of spot ETFs in the United States continues to increase. Bitcoin ETFs have seen outflows of up to 42,000 BTC, while Ethereum ETFs have seen outflows of up to 111,000 ETH, which has exacerbated the general risk-off sentiment in the market. [Odaily] - link

$BTC $ETH

SoSoValue ETF News：
Bitcoin volatility has dropped to 38%, approaching blue-chip stocks such as Goldman Sachs. Bitwise executives believe that Ethereum is entering a risk-averse period.

On August 22nd, according to Bloomberg, that with the influx of buy-and-hold investors on Wall Street, Bitcoin's annualized volatility has fallen from nearly 200% over a decade ago to 38%, comparable to blue-chip stocks like Starbucks or Goldman Sachs. Meanwhile, Ethereum ETF trading volume has matched or even surpassed Bitcoin's on some trading days this month. Since August, Ethereum ETFs have attracted $2.5 billion in inflows, while Bitcoin products have seen a net outflow of $1.3 billion. Arthur Azizov of B2 Ventures, a venture capital firm specializing in early-stage investments, predicts that Ethereum prices will consolidate between $3,900 and $4,400. Bradley Duke, head of Bitwise Europe, said that Ethereum is entering a risk-averse market, with some funds preparing for a pullback and not ruling out the possibility of a short squeeze. Market attention is currently focused on Federal Reserve Chairman Powell's speech at the Jackson Hole Symposium. [PANews] - link

$BTC $ETH

SoSoValue Hot News：
Haycen Obtains Bermuda Stablecoin Issuance License, Will Launch Pound Sterling Stablecoin

Trade finance firm Haycen announced Friday that it has been granted a Digital Asset Business (M) license by the Bermuda Monetary Authority (BMA), allowing it to issue and manage multi-currency 1:1 collateralized stablecoins. The company plans to first launch a stablecoin pegged to the British pound, focusing on serving the B2B market, regulated entities, and non-bank lending institutions. Earlier this year, Haycen established a partnership with Northern Trust, which serves as its fiat currency custodian, while also receiving support from the UK government's National Security Strategic Investment Fund (NSSIF). [CoinDesk] - link

SoSoValue Hot News：
Coinbase CEO: Implemented mandatory in-person training to combat North Korean hackers seeking remote work

Coinbase CEO Brian Armstrong said that North Korean IT workers are targeting Coinbase, and he is enforcing in-person training to combat North Korean hackers seeking remote work. Coinbase requires all employees to travel to the United States for on-site training, and anyone who has access to sensitive systems must be a U.S. citizen and undergo fingerprinting. Brian Armstrong said that Coinbase requires potential employees to turn on their cameras during interviews "to prove they are not AI" or have not been coached. (Business Insider) [Business Insider] - link

$COIN

SoSoValue Hot News：
Messari released the BNB Chain Q2 report, with DEX trading volume, stablecoin transaction count, and user activity ranking first among all chains.

Messari's latest BNB Chain Q2 2025 report shows that BNB's market cap increased by 7.5% QoQ to $92.60B, while on-chain revenue decreased by 37.5% to $44.10M due to lower Gas fees; the average daily transaction volume doubled QoQ to 9.90M transactions, and the daily active addresses increased to 1.60M. DeFi TVL rose to $9.95B, DEX average daily trading volume of $3.30B ranked first among all chains, stablecoin market cap increased to $10.50B, and USD1's first-quarter market cap reached $2.20B. [Wu Blockchain] - link

$USD1 $DEFI $GAS

SoSoValue ETF News：
Gate.io Research Institute: Crypto Market Volatility Continues, SUI Trend Strategy Yields Over 285%

Gate Research Institute released the latest quantitative report "Gate Research Institute: Crypto Market Volatility Continues, SUI Trend Strategy Yields Over 285%", elaborating on the market structure evolution and trend strategy verification from a macro perspective, systematically analyzing the price rhythm, capital structure, and quantitative strategy performance of mainstream crypto assets since early August 2025, providing investors with strategy judgment and allocation reference. The report points out that BTC is trading sideways at a high level, with weakening momentum and trading volume, while ETH is performing stronger with the support of ETF fund inflows. Derivatives positions remain high but the structure is healthy, with the long-short ratio and funding rate falling back, indicating that the market is becoming more conservative and the liquidation rhythm is mild. In quantitative backtesting, the trend strategy based on moving average breakthrough achieved a return of over 285% in the SUI currency, showing good short-term potential. Combining volume and cycle factors in the future is expected to further improve stability and performance. [Odaily] - link

$SUI $BTC $ETH

SoSoValue Hot News：
UAE RAKBANK Bank Launches BNB Trading Services

CZ stated that BNB can now be traded at RAKBANK, one of the largest banks in the UAE. It is reported that RAKBANK, one of the largest banks in the UAE, has launched cryptocurrency trading services through its application, with BNB being one of the first 8 cryptocurrencies opened to customers. [Wu Blockchain] - link

$BNB $MAG7.SSI

SoSoValue Hot News：
Ripple and SBI Group to Launch RLUSD Stablecoin in Japan

Ripple has signed a new Memorandum of Understanding (MOU) with SBI Holdings and its subsidiary SBI VC Trade Co., Ltd. to issue Ripple USD (RLUSD) in the Japanese market. SBI VC Trade, an electronic payment instrument trading service provider licensed by the Japanese Financial Services Agency (FSA), will lead the issuance of RLUSD in Japan. [CryptoNews] - link

$MAG7.SSI $XRP $RLUSD

SoSoValue ETF News：
Gate Ultra AI Robot Grid Strategy ETF Leveraged Tokens' 7-day annualized yield reached 1810.74%

On August 22nd that Gate's Ultra AI trading bot, combining AI technology with high-volatility ETF leveraged tokens, has achieved a breakthrough in grid strategy returns. Data shows that the ETH5S combination strategy has achieved an annualized return of 1810.74% over the past seven days. The core advantages of this strategy include arbitrage opportunities created by high volatility, precise trading decisions driven by AI, 24/7 automated operations, and intelligent identification of market trends to enhance risk management. As an industry-leading centralized exchange, Gate supports the largest number of ETF leveraged tokens, providing users with diverse investment options. [PANews] - link

$GT $AI $UOS

SoSoValue Hot News：
Philippine lawmaker files bill to establish national Bitcoin reserve, plans to purchase 10,000 Bitcoins over five years

Philippine Congressman Migz Villafuerte has submitted HB 421, proposing the establishment of a Philippine strategic Bitcoin reserve. The proposal calls for the Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank, to purchase 2,000 Bitcoins annually for five consecutive years, totaling 10,000 Bitcoins, and hold them for 20 years to ensure national security and debt stability. [Wu Blockchain] - link

$BTC

SoSoValue Hot News：
BlockFi's $13.20M Class Action Settlement Nears Approval

The latest development in the BlockFi class action lawsuit sees the withdrawal of the final objector, Yacov Baron, of his motion to intervene and objection to the settlement agreement by the US court. The agreement, which involves approximately 89,000 interest account holders whose funds were frozen following the collapse of the BlockFi platform, with compensation amounting to $13.20M, is expected to be approved soon. (Decrypt) [Decrypt] - link

SoSoValue Hot News：
Japanese listed company Convano completes a 3.50B JPY Bitcoin purchase, adding 200 BTC

According to the official announcement, Japanese listed company Convano has completed the purchase of 3.50 billion yen worth of Bitcoin, adding a total of 200 Bitcoins, with an average purchase price of 17,540,000.00 yen (approximately $119,000.00) per coin. The funds for this purchase include the 3rd ordinary corporate bond (2.00 billion yen) and the 4th stock acquisition right (1,508,000,000.00 yen). As of now, Convano holds a total of 364.93 Bitcoins. [Wu Blockchain] - link

$BTC

SoSoValue Hot News：
The total number of addresses on the X Layer network has exceeded 2.00 million.

According to the OKLink browser, the total number of addresses on the X Layer network has exceeded 2.00 million, with an increase of over 500,000 in the past week. On August 21, the number of daily active addresses on X Layer exceeded 60,000, setting a new historical high; at the same time, the average block size and Gas consumption on that day also set new historical highs. [Wu Blockchain] - link

SoSoValue Hot News：
US House Adds CBDC Ban to Defense Spending Bill

House Republicans in the United States have added a provision to the Defense Appropriations Bill (H.R. 3838) that would ban central bank digital currencies (CBDCs). The amendment prohibits the Federal Reserve from testing, developing, or implementing a CBDC under any name, with the sole exception of "any currency that is denominated in U.S. dollars, open, permissionless, private, and fully guarantees the privacy protections of U.S. coins and paper currency." [Decrypt] - link

SoSoValue ETF News：
MicroBit's two spot ETFs, with an initial size of US$220 million, were listed on the Hong Kong Stock Exchange on August 21.

MicroBit Bitcoin Spot ETF (HKD code: 3430.HK; USD code: 9430.HK) and MicroBit Ethereum Spot ETF (HKD code: 3425.HK; USD code: 9425.HK) under Xiaofei Asset Management Co., Ltd. were officially listed on the Hong Kong Stock Exchange on August 21, 2025. The initial asset size of the two ETFs totaled US$220 million, reflecting the market's strong interest in virtual assets and investors' confidence in Xiaofei Asset Management. Bitcoin, the largest cryptocurrency by market capitalization, has performed strongly this year, with the MicroBit Bitcoin Spot ETF surpassing $200 million in initial assets. Ethereum, meanwhile, has recently become a focus of market attention, with the MicroBit Ethereum Spot ETF securing an initial subscription of $20 million. These two ETFs offer investors compliant and transparent channels for direct exposure to two major cryptocurrencies: Bitcoin and Ethereum. Earlier yesterday, it was reported that Xiaofei Asset Management launched Bitcoin spot ETF and Ethereum spot ETF. [PANews] - link

$BTC $ETH

SoSoValue Hot News：
The EU is accelerating its digital euro plan, and may consider using public chains such as Ethereum or Solana.

According to FT, the US passage of the GENIUS stablecoin bill caught the EU off guard. The European Central Bank is accelerating its digital euro plan and considering issuing it on public blockchains such as Ethereum or Solana to counter the dominance of dollar stablecoins in cross-border payments. Previously, the European Central Bank (ECB) preferred a closed, centralized infrastructure. [Financial Times] - link

$ETH $MAG7.SSI $SOL

With the further improvement of the ETF mechanism, the continued increase in holdings by corporate treasuries, and the SEC's possible future policy confirmation, Ethereum is expected to gradually narrow or even surpass Bitcoin's advantages in the future market landscape.

For investors, this trend is not only a signal of capital flows but may also mean a turning point in the entire crypto market from "single store of value" to "multi-dimensional application ecosystem."

In the new chapter of crypto history, Bitcoin may still be "digital gold," but Ethereum is rapidly growing into the "heart of the digital economy." [BitpushNews] - link

$ETH $BTC

However, the latest situation is that the SEC has given a clarifying opinion at the staff level that it "may not regard them as securities." Although it has not yet been formally legislated, this statement has greatly alleviated the concerns of institutions.

In this context, institutional funds that were originally waiting and watching on compliance may enter the Ethereum staking and related derivatives markets faster and on a larger scale.

4. Optimization of ETF Redemption Mechanism: Approval of Physical Redemption

The SEC recently approved the physical redemption mechanism for spot Bitcoin and Ethereum ETFs. This means that when redeeming ETF shares, institutional investors no longer have to go through the cumbersome process of "selling the ETF first and converting it into cash" but can directly withdraw an equivalent amount of Bitcoin or Ethereum.

This mechanism brings three major benefits:

This system is equally beneficial to Bitcoin and Ethereum, but because Ethereum has a relatively low proportion of corporate and institutional holdings, it means that there is greater room for future growth and the marginal effect is more significant.

III. Future Outlook: Has Ethereum's Potential Surpassed Bitcoin?

JPMorgan pointed out in the report that although Bitcoin is still the "store of value" leader in the crypto market, Ethereum has more room for growth:

In other words, Bitcoin is more like "digital gold," while Ethereum is evolving into the "infrastructure of the digital economy."

IV. Conclusion

JPMorgan's analysis reveals a key logic: Ethereum's strength is not driven by short-term speculation but is built on the combined effect of four major factors: policy benefits, structural optimization, institutional adoption, and potential returns.

Currently, a major feature of the Ethereum ecosystem is the PoS (Proof of Stake) staking mechanism. Users need at least 32 ETH to run their own validation nodes, but this threshold is relatively high for most institutional and retail investors.

If the U.S. Securities and Exchange Commission (SEC) ultimately approves spot Ethereum ETFs to allow staking, fund managers can create additional returns directly for holders without requiring investors to run their own nodes. This means that the spot ETH ETF is not only a price tracking tool but will also be upgraded to a "yield-bearing passive investment product."

This is fundamentally different from Bitcoin's spot ETF: Bitcoin itself does not have a native yield mechanism, while Ethereum ETFs may come with "interest" in the future, which obviously enhances its market attractiveness.

2. Increased Holdings and Applications by Corporate Treasuries

JPMorgan pointed out that approximately 10 listed companies currently include Ethereum on their balance sheets, accounting for approximately 2.30% of the total circulation.

More noteworthy is that some companies are not just "buying and holding" but are further participating in the ecosystem:

This means that Ethereum is gradually evolving from a "speculative asset" to a "sustainable corporate asset allocation tool." This is a trend that Bitcoin has not yet fully realized.

The involvement of corporate treasuries represents the entry of longer-term, more stable pools of funds, and also enhances the market's valuation anchor for Ethereum.

3. Regulatory Authorities' Relaxed Attitude Towards Liquid Staking Tokens

Previously, the SEC has always had disputes over the compliance of liquid staking tokens (LSTs) such as Lido and Rocket Pool, and the market is worried that these tokens will be identified as securities, thereby affecting the participation of large-scale institutions.

SoSoValue ETF News：
JPMorgan Chase Interpretation: Four Core Drivers, Ethereum May Outperform Bitcoin

Over the past few weeks, a noteworthy trend has emerged in the crypto market: Ethereum (ETH) has significantly outperformed Bitcoin (BTC). According to the latest research report released by JPMorgan, Wall Street analysts attribute this phenomenon to four core factors: optimized ETF structure, increased holdings by corporate treasuries, a more lenient regulatory attitude, and the potential future opening of staking functions. These factors not only explain Ethereum's recent strength but also suggest that it may have greater upside potential in the future.

I. Market Background: Dual Promotion of Policies and Capital Flows

In July, the U.S. Congress passed the GENIUS Act stablecoin bill, bringing unprecedented institutional benefits to the crypto market. Subsequently, spot Ethereum ETFs attracted a record $5.40B in inflows in July alone, almost on par with Bitcoin ETF inflows.

However, entering August, Bitcoin ETFs experienced slight outflows, while Ethereum ETFs continued the trend of net inflows. This divergence in capital flows has become a direct trigger for Ethereum to outperform Bitcoin.

At the same time, the market is also awaiting the "Crypto Market Structure Act" to be voted on in September. Investors generally expect this to be another major turning point similar to stablecoin legislation. Under the dual effect of policy and market expectations, Ethereum's position in the capital market has risen rapidly.

II. Analysis of Four Factors: Why is Ethereum Outperforming Bitcoin?

JPMorgan analyst Nikolaos Panigirtzoglou and his team clearly pointed out in the report that Ethereum's strength comes from the following four core drivers:

1. Potential Opening of Staking Function

SoSoValue Hot News：
After Arthur Hayes sold ETH twice, the price continued to rise, forcing him to buy it back at a high price.

According to Lookonchain monitoring, since Arthur Hayes posted "ETH = $5000.00" on December 22, 2023, his public wallet has been swing trading ETH. Interestingly, the price continued to rise after he sold ETH twice, forcing him to buy it back at a higher price. [Wu Blockchain] - link

$ETH $MAG7.SSI

[Lookonchain] - link

$BTC $ETH $HYPE $OG $SOSO

SoSoValue ETF News：
Bitcoin whale wakes after seven years, rotates holdings into $270 million worth of ETH

A wallet that had been dormant for seven years recently became active, selling a bulk of its Bitcoin while increasing its stake in Ethereum.
According to blockchain analytics firm Lookonchain, the whale wallet that initially received 100,784 BTC seven years ago recently rotated funds into 62,914 ETH, worth around $270 million in spot purchases, while establishing a 135,265 ETH ($580 million) derivatives long position.
The analytics firm suggested that this may be part of a broader strategy by the same individual or entity controlling multiple wallets.
"We just spotted another Bitcoin OG depositing BTC into Hyperliquid to sell and buy ETH," Lookonchain said. "On-chain tracking shows this OG received 85,947 BTC 7 years ago — matching the trading pattern of the OG we reported recently."
Screenshots from Arkham Intelligence shared in the post show inflows from exchanges like HTX dating back to 2018, followed by recent outflows to Hyperliquid's hot wallets and subsequent ETH acquisitions.
Lookonchain said it has identified six wallets allegedly linked to the same whale, holding 83,585 BTC, which is worth $9.45 billion. In recent weeks, the market has seen multiple ancient bitcoin holders reactivate their wallets, transferring billions worth of crypto as the market reached unforeseen highs.
The switchout from Bitcoin to Ethereum comes at a notable time, coinciding with the world's largest cryptocurrency dipping to a two-week low ofaround $112,000 earlier today.Meanwhile, Ethereum has been moving closer to its all-time high of $4,878 in 2021.
Spot crypto ETFs have shown a similar trend, where flows into spot Ethereum ETFs have outweighed that of bitcoin ETFs recently. On Thursday, bitcoin ETFs saw $194.3 million worth of daily net outflows, while ether ETFs recorded net inflows of $287.6 million, according to SoSoValue data.

SoSoValue Hot News：
Wu Shuo team summarizes recent large-scale cryptocurrency conferences in Asia

The team summarized recent large-scale cryptocurrency conferences in Asia, including the Tokyo WebX Conference, the Hong Kong Bitcoin Asia Conference, Taipei Blockchain Week, Korea Blockchain Week, Token2049 (Singapore), and Shanghai Blockchain Week. The Asian cryptocurrency industry is about to usher in the most intensive "conference month."


[Wu Blockchain] - link

SoSoValue Hot News：
Binance Will Launch XPL USDT Perpetual Contract Pre-Market Trading

According to the official announcement, Binance will launch XPL USDT perpetual contract pre-market trading. [Wu Blockchain] - link

$USDT $BNB

SoSoValue Hot News：
Taiwanese Prosecutors Indict Cryptocurrency Exchange in Money Laundering Case: Involving NT$2.30B

According to Taiwan's United Daily News, Taiwan's prosecutors are investigating the largest virtual currency physical exchange in history for suspected money laundering. Today, the Shilin District Prosecutor's Office indicted Shi Qiren and 14 others on charges of fraud, money laundering, and organized crime, and applied for the confiscation of NT$1,275,000,000.00 in illegal gains. The prosecutors pointed out that Shi Qiren and others, through the overseas exchange CoinW and its affiliated stores that were not approved by the Financial Supervisory Commission, opened more than 40 stores across Taiwan, assisting fraud groups in converting cash into virtual currency, laundering as much as NT$2,300,000,000.00 in one year, with more than 1539 victims. In this case, assets such as NT$60,490,000.00 in cash and 640,000 USDT were seized. The prosecutors believe that Shi Qiren refused to plead guilty and had a bad attitude, causing significant damage, and requested the court to sentence him to 25 years in prison. [United Daily News Taiwan] - link

$USDT

SoSoValue Hot News：
Apple fixes zero-day vulnerability CVE-2025-43300, which has been exploited in targeted attacks

Apple has released a security update to fix the zero-day vulnerability CVE-2025-43300, which has already been exploited. The vulnerability exists in the ImageIO framework, and attackers can trigger memory corruption through malicious images. It has been exploited in sophisticated attacks targeting specific individuals. Affected systems include iOS, iPadOS, and macOS, with the following fixed versions: iOS/iPadOS 18.6.2, iPadOS 17.7.10; macOS Ventura 13.7.8, Sonoma 14.7.8, Sequoia 15.6.1. Apple has fixed 7 zero-day vulnerabilities exploited in real-world attacks since the beginning of the year. [Wu Blockchain] - link

SoSoValue Hot News：
Exchange platform coins have seen an upward trend across various exchanges in the past 24 hours.

According to CoinMarketCap market data, in the past 24 hours, exchange platform coins have generally risen. Among them, OKB is currently trading at $232.25, with a 24-hour increase of 21.34% and a market value of $4.87B; MX is currently trading at $3.17, with a 24-hour increase of 19.62% and a market value of $296.00M; GT is currently trading at $18.82, with a 24-hour increase of 4.55% and a market value of $2.40B; BGB is currently trading at $4.78, with a 24-hour increase of 3.13% and a market value of $5.45B. [Wu Blockchain] - link

$OKB $BGB $GT $MX

SoSoValue Hot News：
SBI will acquire a majority stake in CoinPost, with completion expected on October 1.

SBI Holdings Co., Ltd. announced on August 22 that it has signed a share transfer agreement with some shareholders to acquire a majority stake in Web3 media and event operating company CoinPost, and plans to include it as a consolidated subsidiary from October 1, 2025. CoinPost operates Japan's largest crypto asset and Web3 media "CoinPost" and hosts Asia's largest Web3 summit, WebX. [Wu Blockchain] - link

SoSoValue ETF News：
MicroBit Hong Kong Bitcoin and Ethereum spot ETFs are officially listed on the Hong Kong Stock Exchange, with a management fee rate of 0.50%.

Two virtual asset spot Exchange Traded Funds (ETFs) under Hong Kong investment management company MicroBit Asset Management (MicroBit) have been officially listed on the Hong Kong Stock Exchange. They are the MicroBit Bitcoin Spot ETF (HKD counter stock code: 3430.HK, USD counter stock code: 9430.HK) and the MicroBit Ethereum Spot ETF (HKD counter stock code: 3425.HK, USD counter stock code: 9425.HK). It is reported that the management fee rates for both ETFs are 0.50%. [Odaily] - link

$BTC $ETH

SoSoValue ETF News：
MicroBit Hong Kong Bitcoin and Ethereum spot ETFs are officially listed on the Hong Kong Stock Exchange, with a management fee rate of 0.5%.

Two virtual asset spot Exchange Traded Funds (ETFs) under MicroBit, a Hong Kong investment management company, have been officially listed on the Hong Kong Stock Exchange, namely the MicroBit Bitcoin Spot ETF (HKD counter stock code: 3430.HK, USD counter stock code: 9430.HK) and the MicroBit Ethereum Spot ETF (HKD counter stock code: 3425.HK, USD counter stock code: 9425.HK). It is reported that the management fee rates of the two ETFs are both 0.50%. (Yahoo Finance) [Odaily] - link

$BTC $ETH

SoSoValue ETF News：
BitMart Market Report on August 22: The market will maintain a narrow range of fluctuations in the short term

According to BitMart's market report on August 22, the total market value of the cryptocurrency market is approximately $3.84 trillion, a decrease of 0.81% compared to the previous day.

The current price of BTC is reported at $113,283.60, down 1.45% in 24 hours, with an intraday high of $114,814.00 and a low of $112,003.00. The market is maintaining a narrow range of fluctuations in the short term.

Yesterday, BTC ETFs recorded a net outflow of $0.66 billion. ETH is down 1.5% in 24 hours, with the current price reported at $4,290.59, an intraday high of $4,340.00, and a low of $4,204.00.

Despite facing selling pressure, the amount of on-chain staking continues to reach new highs, indicating that long-term funds are still increasing their confidence in Ethereum.

Yesterday, ETH ETFs recorded a net inflow of $0.54 billion. The overall performance of the altcoin market is mixed, with some currencies rebounding, but most are still under pressure.

The Fear & Greed Index fell to 46, and market sentiment is becoming neutral.

BitMart X Insight data shows that market sentiment is leaning towards optimism (index +65), and the Fed's interest rate outlook remains uncertain.

Market social activity is generally high (average SSI 73.5), and most currency prices have fallen, indicating that project benefits have not effectively boosted currency prices, and market sentiment is becoming cautious; market alerts have significantly increased, and most currencies have not risen despite positive news, indicating that the market is generally weak. [Odaily] - link

$BTC $ETH

SoSoValue Hot News：
Morpho's total deposit amount has exceeded $10.00 billion

According to official data, the total deposit amount of Morpho has exceeded $10.00 billion, including the multi-chain supported Morpho Core, Morphp Lite, and Morpho Optimizer, of which the active loan amount of Morpho is $3.50 billion, and the total locked value is $6.70 billion. [Wu Blockchain] - link

$MORPHO

SoSoValue Hot News：
Binance will launch the Pre-TGE and Booster activities for the pre-sale token of Hemi (HEMI).

Binance has announced the launch of Hemi (HEMI)'s Pre-TGE pre-sale token and Booster activity. Pre-sale token (Pre-TGE) start time: August 22, 2025 at 20:00 (UTC+8), eligible users must use Binance Alpha points to participate, an additional 200.00 million HEMI will be used for future Booster activities. Booster activity reward tokens are subject to a lock-up period stipulated by the project. [Wu Blockchain] - link

$BNB

SoSoValue ETF News：
Bitcoin spot ETFs had a total net outflow of $194.00 million yesterday, continuing the net outflow for 5 consecutive days.

According to SoSoValue data, yesterday (August 21st, US Eastern Time), the total net outflow of Bitcoin spot ETFs was $194.00 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Grayscale Bitcoin Mini Trust ETF BTC, with a single-day net inflow of $4.97 million, and the total historical net inflow of BTC has reached $1.72 billion. The second was the Franklin Bitcoin ETF EZBC, with a single-day net inflow of $3.25 million, and the total historical net inflow of EZBC has reached $281.00 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was the Blackrock ETF IBIT, with a single-day net outflow of $127.00 million, and the total historical net inflow of IBIT has reached $58258.00 million. As of press time, the total net asset value of Bitcoin spot ETFs is $144481.00 million, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) is 6.45%, and the cumulative historical net inflow has reached $53823.00 million. [Odaily] - link

$BTC $MAG7.SSI

SoSoValue ETF News：
Ethereum spot ETFs had a total net inflow of $288.00 million yesterday, turning into a net inflow after four consecutive days of outflows.

According to SoSoValue data, yesterday (August 21st, US Eastern Time), the total net inflow of Ethereum spot ETFs was $288.00 million. The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock's ETF ETHA, with a single-day net inflow of $234.00 million. Currently, ETHA's total historical net inflow has reached $120.47 billion. The second largest was Fidelity's ETF FETH, with a single-day net inflow of $28.53 million, and FETH's total historical net inflow has reached $2.54 billion. As of press time, the total net asset value of Ethereum spot ETFs is $265.51 billion, and the ETF net asset ratio (market value as a percentage of the total market value of Ethereum) is 5.18%, with a total historical net inflow of $120.89 billion. [Odaily] - link

$ETH

SoSoValue Hot News：
Australia Orders Audit of Binance's Local Operations

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has ordered an audit of Binance Australia, citing serious concerns with its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. AUSTRAC noted that Binance's recent independent review was insufficient, and that there were issues such as high employee turnover, a lack of local resources, and management oversight, questioning its level of compliance governance. Binance Australia must nominate an external audit institution within 28 days, which will be reviewed and selected by AUSTRAC. [Wu Blockchain] - link