8.21 AI Daily: encryption market trends are intertwined, with institutional investors increasing their holdings against the trend

Institutional investors hold more BTCETFs

The number of institutional investors holding BTCETF in the second quarter increased by 14%. Despite a 12% drop in BTC prices in the second quarter, this did not prevent institutional investors from significantly increasing their allocation to BTC ETFs. Data shows that BTCETF has been adopted by institutions at the fastest rate of any ETF in history. The report predicts that the inflow of BTCETF will exceed that of 2024 by 2025, as most ETFs tend to strengthen over time.

DOGS Coin Airdrop Sparks Craze

DOGS is a memecoin developed on the Telegram platform, inspired by a dog drawn by the CEO of Telegram at a charity auction for Russian orphans. DOGS was created to help the community become better by raising funds. In less than 24 hours after launch, DOGS attracted the first 1 million users, and 3 days later the number of users exceeded 10 million. DOGS uses an Airdrop mechanism based on the age of the Telegram account, with older accounts receiving more Tokens.

BTC futures market may trigger a big pump

According to K33 Research analysis, the funding rate of BTC perpetual futures shows that bearish bets dominate, increasing the risk of 'short squeeze' and potentially triggering a significant rebound in BTC. The perpetual swap funding rate has been negative for the past week, while open short positions have increased sharply, indicating aggressive short behavior and creating a favorable situation for short-term squeeze.

Black Myth: Wukong Game Triggers MEME Coin Craze

The dark mythology Wukong game has become popular across the internet after its launch on Steam, with a peak of 935,000 concurrent players, instantly becoming the 8th highest ranked game in history. In the crypto world, many KOL accounts have started to give away game accounts in an attempt to capture this wave of traffic. However, the overall market capitalization and volume of MEME tokens around the game are not high, and there is currently no Token with strong consensus.

SunPump flow reaches 30% of PumpFun

The SunPump flow has reached about 30%-40% of PumpFun, and the official version is planned to be released in the next few days, which will introduce many differentiated new features. In addition, an analyst said that a trader made 20 million dollars using 1690 dollars' worth of SUNDOG in 6 days.

Trump's second son: Important announcement about the encryption project will be released soon

Former U.S. President Donald Trump's second son and current Executive Vice President of the Trump Group, Eric Trump, posted on social media, expressing great excitement about the upcoming release of some important announcements regarding the encryption project. Earlier, young Donald Trump had announced the opening of the 'The DeFiant Ones' Telegram channel on X platform, introducing the upcoming encryption project.

View Original
Last edited on 2024-08-21 10:54:15
  • Reward
  • 4
  • Share
Comment
No comments
  • Topic