Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that with the rise of digital asset reserves (DATs), Ethereum may benefit more than Bitcoin and Solana. His report noted that the recent decline in DATs' market net asset value (mNAV) will force companies to differentiate themselves and may drive consolidation among Bitcoin reserves. In contrast, Ethereum and Solana reserves may have higher mNAVs due to their ability to generate staking income, and the Ethereum reserve is more mature and has a more significant advantage. Currently, DATs hold 4% of Bitcoin, 3.1% of Ethereum, and 0.8% of Solana, and the size of their holdings has a significant impact on token prices. Kendrick believes that market saturation is the primary factor behind the valuation compression, but DATs still offer "selective investment value" as they provide access to digital assets in restricted regions. In the future, fund-raising capabilities, company size, and staking income will be key factors in differentiating DAT performance. He added that if some DATs remain below asset value for a long period of time, consolidation may occur, and strategic acquisitions may be more cost-effective than direct purchases. Overall, DATs will drive Ethereum’s outperformance over Bitcoin and Solana. (The Block)

According to crypto influencer AB Kuai.Dong, South Korean trader NamSEOKHEE, who had previously opened long positions in over 60 altcoins in anticipation of the altcoin season, has just closed all of his long positions, save for one in ENA (currently with a paper loss of $109,000). He had previously profited $712,000 a week ago using this strategy, but, convinced that altcoin season was imminent, he ultimately held on to most of his positions, resulting in all of his profitable positions turning into losses.

Bitwise submitted the S-1 application for Avalanche ETF (0002086017) to the US SEC.

Next Technology Holding (NASDAQ: NXTT), the parent company of Yueshang Group, a software-as-a-service provider, has filed for a $500 million shelf offering, intending to use a portion of the proceeds to purchase Bitcoin. The company's current market capitalization is reported at $77.1597 million.

OKX market data shows that BTC has broken through 115,000 USDT and is currently trading at 115,012.9 USDT, a 24-hour increase of 0.51%. (This newsletter is generated by AI)

Coinbase announced that Boundless (ZKC) will be available for spot trading, subject to liquidity availability. ZKC is now available on coinbase.com, the Coinbase app, and Coinbase Advanced, with institutions able to access it directly through Coinbase Exchange. The token is an ERC-20 asset.

According to CryptoRank, among the top ten tokens in terms of historical IDO returns on Binance Wallet, seven are from BNB Chain: MYX Finance (2102x), OKZOO (413x), Alaya AI (40x), Myshell (36.8x), RICE AI (34.5x), Elderglade (24.5x), and Lorenzo (22x), with historical returns ranging from 20x to 2000x. Furthermore, among the top 20 BNB Chain projects in terms of IDO returns, Meet 48, MilkyWay, Particle, and Bubblemaps all achieved returns exceeding 15x. According to Dune data, Binance Alpha has listed over 300 projects, nearly two-thirds of which are BNB Chain tokens. Currently, the top five projects in terms of Alpha trading volume are all from the BSC ecosystem, and eight of the top ten projects are from the BSC ecosystem, fully demonstrating the dominant position of BNB Chain in the Alpha ecosystem.

Spot gold broke through $3,680/oz, up 1.00% on the day, breaking through the previous high and setting a new all-time high.

Pendle announced the official launch of its cross-chain PT functionality, with the first product being Ethena Labs' PT-USDe (November 2025), deployed on the Avalanche chain. Pendle stated its mission is to make PT a universal cross-chain collateral for DeFi, with the potential to expand to off-chain applications in the future.

According to on-chain analyst MLM, Circle has just transferred 2 million USDC from Arbitrum to HyperEVM across chains.

Since the future purchasing power of tokens cannot be predicted, no amount of changes to the monetary policy can guarantee the full security of the blockchain. Instead, changes will weaken the monetary properties of the tokens and potentially lead to a security death spiral.

The US SEC wants to establish universal listing standards for crypto ETFs. What does this mean for the market?

This article will delve into the vertical integration of the trading card game (TCG) and the crypto space. If you were a childhood fan of collecting trading cards (especially Pokémon) or still maintain this hobby, this article is tailor-made for you.

U.S. President Donald Trump has escalated his efforts to oust Federal Reserve Governor Lisa Cook just as the central bank prepares to deliver one of its most pivotal rate cuts set for September 17.

Generally speaking, the entire process from Senate approval to being officially sworn in and sitting at the FOMC meeting table usually takes several days. However, it is the first time in the history of the Federal Reserve FOMC that someone has participated in the interest rate decision meeting immediately after being confirmed in office.

US lawmakers are meeting with crypto leaders to discuss a bill that would let the government buy one million Bitcoin over five years. The plan aims to build a strategic Bitcoin reserve using budget-neutral funding, but it needs wider political support to move forward.

Bitcoin market on-chain data, holder behavior, and institutional capital flows all show a trend that indicates that prices will rise strongly in the coming year.

The new money expected to flow into the market in the coming months after the Federal Reserve cuts interest rates will push asset prices from stocks to Bitcoin higher and higher.

The U.S. economy is facing a widening gap: rising inflation on one hand and a lack of jobs on the other. The economy is entering a period of "stagflation," where both inflation and unemployment rise.

Golden Finance has launched the 2818th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.