Key Points:Tom Lee, chairman of BitMine’s board, believes Ethereum has a greater than 50% probability of overtaking Bitcoin by market capitalization.Lee made the comments in an interview on August 23, citing Ethereum’s expanding role in decentralized finance (DeFi) and Web3.While Bitcoin remains the dominant crypto asset, institutional adoption trends and utility-driven demand are strengthening Ethereum’s long-term case.Ethereum vs. Bitcoin: A Shift in Market Leadership?Tom Lee, newly appointed chairman of BitMine’s board, said during an interview on August 23 that Ethereum’s market capitalization has a high probability — 50% or more — of surpassing Bitcoin’s in the future.Lee’s comments reflect a growing belief among analysts and investors that Ethereum’s broader utility across DeFi, NFTs, and Web3 applications could eventually position it as the leading digital asset, despite Bitcoin’s status as the first and largest cryptocurrency.

XRP technical indicators are suggesting the asset is eyeing a possible 107% spike after confirming a major support zone. source: https://finbold.com/xrp-price-set-for-6-after-confirming-major-support/

Key Points:Bitcoin slipped to $112,000 ahead of Powell’s Jackson Hole speech, aligning with the average cost basis of coins held <3 months.On-chain analyst Murphy says this level is crucial for short-term sentiment, as it marks the breakeven for the most active BTC holders.Selling pressure has eased, with investors showing anxiety but no panic, suggesting cautious stability.Bitcoin Tests $112K Support Ahead of Fed SpeechBitcoin’s price correction to $112,000 on Thursday has highlighted a crucial on-chain support zone, according to data shared by analyst Murphy via BlockBeats.The level corresponds to the average turnover cost of BTC held for less than three months — a key metric often used to measure the sentiment of short-term holders (STHs). These investors are typically the most active in reacting to volatility, and their breakeven levels can dictate near-term price floors.Short-Term Holder Cost Basis as Sentiment GaugeMurphy emphasized that when Bitcoin trades above the short-term holder cost basis, sentiment among speculative investors tends to remain optimistic. Conversely, sustained dips below this level often shift sentiment toward pessimism and increase sell pressure.So far, Bitcoin’s retreat has tested but held the $112,000 line, signaling that sellers are easing off. While investor sentiment has turned cautious, there are no signs of mass panic, the analyst noted.Market Context: Powell’s Speech in FocusThe pullback came as traders braced for Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole, which are expected to provide direction on the U.S. interest rate outlook.Macro uncertainty has weighed on risk assets all week, but Bitcoin’s ability to hold the short-term holder cost support suggests the market is stabilizing around this level.What to Watch$112K remains the key line: A sustained hold could keep Bitcoin range-bound until Powell’s speech.Break below = sentiment shift: If BTC closes below the cost basis, analysts warn of deeper downside pressure.Macro-driven moves: Fed commentary will likely dictate whether BTC can rebound toward $115K+ or slide further.

Key Points:Binance Alpha will launch Multiple Network (MTP) on August 25, 2025.Eligible users can claim MTP airdrops using Alpha Points on the Binance Alpha event page.Further details, including allocation rules and claim mechanics, will be announced separately.Binance Alpha Prepares for MTP LaunchBinance Alpha announced it will officially launch Multiple Network (MTP) on August 25, 2025. The listing adds another token to Alpha’s growing ecosystem, giving early adopters a chance to participate in its debut.Following the launch, eligible users will be able to claim MTP airdrops by redeeming Alpha Points via the Alpha event page once trading opens.Airdrop Claim & ParticipationThe airdrop program is designed to reward active Alpha participants. Users must meet eligibility criteria and hold sufficient Alpha Points to unlock their allocations.Binance stated that detailed guidelines on claim mechanics, distribution amounts, and participation requirements will be shared in a follow-up announcement ahead of launch day.

Key Takeaways:Binance Futures will list USDⓈ-M WLFIUSDT perpetual contracts with up to 5x leverage starting Aug. 23, 2025, at 08:30 UTC.The contract will support pre-market trading with capped funding rates of +0.005% during the initial phase.WLFI is the governance token of World Liberty Financial, with a total supply of 100 billion WLFI.Trading will run 24/7 under Binance’s Multi-Assets Mode, allowing margin in assets like BTC.WLFIUSDT Perpetual Contract DetailsBinance Futures has announced the launch of USDⓈ-Margined WLFIUSDT perpetual contracts, offering traders exposure to World Liberty Financial’s governance token (WLFI).Launch time: Aug. 23, 2025, at 08:30 UTCLeverage: Up to 5xSettlement asset: USDTTotal WLFI supply: 100 billion tokensTrading hours: 24/7, with support for Multi-Assets ModeThe new listing is part of Binance Futures’ effort to expand product choices while enhancing liquidity and flexibility for users.Pre-Market Trading and Mark Price MechanismDuring the pre-market phase, mark prices will be calculated using the 10-second rolling average of trade prices, with a ±1% price cap to control volatility. Once a stable spot index price is established, the contract will transition to standard perpetual pricing.Capped funding rate (pre-market): +0.005%Funding rate (post pre-market): up to +2.00% / -2.00%Funding interval: Every 4 hoursMargin & Risk ControlsThe WLFIUSDT contract will feature tiered leverage and margin requirements:Up to 5,000 USDT positions: 5x leverage, 10% maintenance marginUp to 200,000 USDT positions: 1x leverage, 50% margin requirementBinance noted it may adjust contract specifications, including leverage, margin, and funding rates, in response to market conditions.Important NotesPre-market trading will end once WLFI spot markets go live; at that point, the contract will convert to a standard perpetual futures contract.Listing on Binance Futures does not guarantee a Binance Spot listing.The contract will be included in Binance’s Futures New Listing Fee Promotion campaign.

Ethena Risk Committee launched its new Eligible Asset Framework on Aug. 22, with BNB emerging as the first major addition under the new system to back the USDe stablecoin. source: https://www.thecoinrepublic.com/2025/08/23/ethena-launches-framework-for-usde-backing-with-bnb-addition/

According to BlockBeats, SpaceX CEO Elon Musk has described the development of a fully reusable orbital rocket as one of humanity's most challenging engineering problems, surpassing the difficulty of landing on the moon. This complexity, he noted, is why it remains unsolved. Musk expressed cautious optimism about achieving full reusability for the Starship by next year. He also highlighted orbital refueling as another critical technology, which he considers relatively simpler. If successful, this advancement could also be realized next year. Musk envisions that these developments would enable the expansion of human consciousness and life to other planets and even stars.

According to PANews, XRP has recently surpassed the $3 threshold, reaching $3.05. This marks a 24-hour increase of 6.41%. The latest data from 8 MarketCap indicates that XRP's market capitalization has exceeded $180 billion, reaching $181.41 billion. This positions XRP above companies like Pinduoduo and Deutsche Telekom in the global asset market capitalization rankings, placing it at the 107th spot. Currently, Pinduoduo's market cap stands at $184.05 billion.

According to BlockBeats, Elon Musk recently announced the formation of a new AI-focused software company named Macrohard under the xAI initiative. Musk described the name as a playful nod, but emphasized the project's authenticity. The concept is to create a software company entirely simulated by AI, drawing inspiration from companies like Microsoft that do not produce physical hardware. xAI's Grok explained that Macrohard is a tribute to Microsoft, aiming to establish a software company fully operated by AI. The idea is that since companies like Microsoft do not manufacture hardware, AI could theoretically replicate their entire operations, from programming to management. Musk confirmed the project's legitimacy and mentioned that they are currently hiring.

According to BlockBeats, AMTD IDEA Group, listed on both the New York Stock Exchange and the Singapore Exchange, along with its subsidiaries AMTD Digital Inc. and The Generation Essentials Group (TGE), have announced that cryptocurrency will play a significant role in their strategic liquidity reserves. The strategic reserves, comprising bank deposits and other unencumbered, unpledged liquid investments, totaled approximately $240 million as of June 30, 2025. The focus of the cryptocurrency asset portfolio will prioritize investments in Bitcoin (BTC), Ethereum (ETH), and USDT. Among the three NYSE-listed companies under AMTD Group, TGE will lead efforts to expand and concentrate on opportunities and developments related to cryptocurrency. Since its inception, TGE's name has symbolized both 'The Generation Essentials' and the concept of 'Token Generation Event.'

In his speech, Powell cited "sweeping changes" in tax, trade and immigration policies, saying that as a result, "the balance of risks appears to be shifting" between the Fed's goals of maximum employment and price stability.

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