Read in-depth analysis of crypto news
Odaily News: According to Lookonchain monitoring, a whale has resumed accumulating HYPE after two months of inactivity, withdrawing 79,800 HYPE worth $6.5 million from an exchange. The wallet has cumulatively withdrawn 1.36 million HYPE worth $95.6 million from exchanges at an average price of $70.
Odaily News: According to Lookonchain monitoring, a whale sold all 301,900 HYPE today, worth $24.4 million, making a profit of over $5.3 million. The whale bought HYPE at an average price of $63 between May and July.
Odaily News: According to market data from GMGN, the market cap of YOLO, a meme coin in the Robinhood ecosystem, briefly surpassed $10 million and is now around $9.5 million, with an intraday gain of over 36%.
Odaily reminds that meme coin prices are highly volatile and susceptible to market sentiment and hot events; please be aware of trading risks.
Odaily News: On Aug. 26, according to SoSoValue data, after a sharp rebound, the crypto market sectors broadly pulled back, with only the Layer 2 sector relatively resilient, rising 1.13% in 24 hours. Among them, Stacks (STX) rose 16.73%, and Polygon (POL) rose 6.29%. In addition, Bitcoin (BTC) fell 1.10%, breaking below $79,000; Ethereum (ETH) fell 1.61%, breaking below $2,500.
In other sectors, the DeFi sector fell 0.38% in 24 hours, with Ethena (ENA) down 7.78%, but Hyperliquid (HYPE) up 1.89%; the CeFi sector fell 1.65%, with OKB (OKB) down 3.12%; the Layer 1 sector fell 2.39%, with Zcash (ZEC) down 6.44%; the Meme sector fell 3.42%, with SPX6900 (SPX) bucking the trend to rise 13.33%; the PayFi sector fell 3.99%, with Dash (DASH) down 10.10%.
The crypto sector indices reflecting historical sector performance show that the ssiLayer2, ssiMeme, and ssiPayFi indices rose 1.10%, fell 4.66%, and fell 4.27%, respectively.
Odaily News: According to GMGN market data, the market cap of Robinhood ecosystem token PONS briefly surpassed $80 million, setting a new all-time high, and is now around $79.4 million.
Pons previously announced that 28.52% of the total token supply has been burned, and Pons Treasury continues to use 80% of protocol fee revenue to buy back PONS.
Odaily News: UAE investment firm Aqua 1 Foundation previously spent $100 million to buy WLFI tokens issued by the Trump family's crypto project World Liberty Financial, surpassing Justin Sun's cumulative investment of $75 million to become the largest WLFI buyer. Reports say Zhou Guren, born in Shanghai in 1984, is the actual controller of Aqua 1.
According to reports, Zhou Guren is still listed as a dishonest debtor on China's Enforcement Information Disclosure Network, involved in six cases with total debts of tens of millions of yuan. In addition, an indictment recently provided by the UK Crown Prosecution Service shows Zhou Guren is also involved in a money laundering case in the UK. (Caixin)
Odaily News: Nate Geraci, president of ETF Store, said BlackRock has lowered the minimum threshold for private in-kind subscriptions to its spot Bitcoin ETF IBIT to $1 million, and has facilitated over $5 billion in related transactions from private wallets.
Geraci said this means some Bitcoin holders are shifting from self-custody to holding Bitcoin exposure through IBIT. He believes risks such as kidnapping, extortion, and custody security incidents are prompting some holders to move all or part of their assets into ETFs.
Odaily News: According to SoSoValue data, yesterday (Aug. 25, Eastern Time), HYPE spot ETFs saw total net inflows of $7.51 million.
The HYPE spot ETF with the largest net inflows yesterday was the 21Shares Hyperliquid ETF (THYP), with net inflows of $4.28 million, bringing its historical total net inflows to $55.18 million.
Next was the Grayscale Hyperliquid Staking ETF (HYPG), with net inflows of $2.31 million, bringing its historical total net inflows to $132 million.
As of press time, the total net asset value of HYPE spot ETFs is $409 million, with a HYPE net asset ratio of 2.34%, and historical cumulative net inflows have reached $301 million.
Odaily News: According to SoSoValue data, yesterday (Aug. 25, Eastern Time), SOL spot ETFs saw total net inflows of $32.25 million.
The SOL spot ETF with the largest net inflows yesterday was the Bitwise Solana Staking ETF (BSOL), with net inflows of $20.43 million, bringing its total historical net inflows to $968 million.
It was followed by the Grayscale Solana Trust (GSOL), with net inflows of $5.20 million, bringing its total historical net inflows to $121 million.
As of press time, the total net asset value of SOL spot ETFs was $1.271 billion, with a SOL net asset ratio of 2.25%, and cumulative historical net inflows had reached $1.252 billion.
Odaily News: According to SoSoValue data, XRP spot ETFs recorded total daily net inflows of $23.8712 million yesterday (Aug. 25, Eastern Time).
The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with daily net inflows of $11.0166 million, bringing its total historical net inflows to $562 million.
It was followed by the Franklin XRP ETF (XRPZ), with daily net inflows of $6.3925 million, bringing its total historical net inflows to $445 million.
As of press time, the total net assets of XRP spot ETFs stood at $1.460 billion, with an XRP net asset ratio of 1.61%, and cumulative historical net inflows reaching $1.590 billion.
Odaily News: On-chain analyst Yu Jin reported that the "Oct. 11 insider whale" Garrett Jin entity (0x92ea...50e9) added 600 BTC long positions at $79,000 each in the early morning, worth $47.4 million. The entity has held BTC long positions for 3 months, currently holding 1,868 BTC long positions worth $147 million at an average price of $77,090, with an unrealized profit of $2.78 million. It also holds a short position of 32,700 ZEC opened at an average price of $444, worth $25.28 million, with an unrealized loss of $10.74 million.