According to BlockBeats, Michael Saylor, founder of Strategy, has stated that the price of Bitcoin could reach $10 million per coin when banks begin recommending it. This prediction highlights the potential impact of institutional endorsement on the cryptocurrency's value.

11-8-2025 – Large-scale crypto investors ramped up contract activity over the past eight hours, primarily increasing short positions across altcoins as market conditions show early recovery signals, according to HyperInsight data. The surge in whale activity indicates institutional traders are positioning for potential downside despite broader market optimism. Notable moves include one whale adding 85,383 [. source: https://www.cointrackdaily.com/major-crypto-whales-surge-short-positions-amid-market-recovery-signs/

On Aug 11, 2025, 01:31 AM(UTC). According to Binance Market Data, Ethereum has crossed the 4,300 USDT benchmark and is now trading at 4,300.359863 USDT, with a narrowed 0.09% increase in 24 hours.

According to Foresight News, Elon Musk has announced via a tweet that Grok 4 is now available for free to all users. The free plan allows a limited number of queries per day, with additional usage requiring a paid subscription.

According to Foresight News, monitoring by @ai_9684xtpa reveals that AguilaTrades has nearly closed its 25x short positions on Ethereum early this morning. Over the past 24 hours, the company has incurred losses amounting to $696,000, leaving only $386,000 in remaining positions.

According to BlockBeats, recent data from HyperInsight reveals a surge in contract activity by major investors, known as 'whales,' as market conditions show signs of recovery. Over the past eight hours, these investors have been actively opening positions, primarily increasing short positions on altcoins. One notable transaction involved the address 0x123dbca, which added 85,383 ENA short contracts. This position currently faces an unrealized loss of $3.55 million, with a liquidation price set at $1.183. Another significant move was made by the address 0x5d2f44, which increased its BTC short position by $965,000. This position is currently experiencing an unrealized loss of $9.64 million, with a liquidation price of $125,461. Additionally, the address 0x8af700 increased its HYPE short position by 110,000 units, resulting in an unrealized loss of $1.03 million. The liquidation price for this position is $160.8. Conversely, the address 0x4a207d opened a new BTC long position of 115.73 units, currently facing an unrealized loss of $22,000, with a liquidation price of $56,694. The same address also increased its XRP short position by 4.31 million units, which is currently showing an unrealized gain of $17,000, with a liquidation price of $4.696.

According to BlockBeats, Greeks.Live analyst Adam highlighted on social media that this week is marked by significant macroeconomic data releases. The most crucial among these is the Consumer Price Index (CPI) scheduled for Tuesday. Additionally, the meeting between U.S. President Donald Trump and Russian officials on Friday is a key event to watch, especially as recent signals suggest a potential easing of the Russia-Ukraine conflict. Any substantial outcomes from this meeting could have global economic implications. In the cryptocurrency market, Bitcoin's short to medium-term implied volatility has generally fallen above 30%, indicating low short-term volatility expectations. In contrast, Ethereum's implied volatility across major maturities ranges from 65% to 70%, more than double that of Bitcoin. This is particularly notable as Ethereum surged to $4,300 over the weekend, pushing its short-term implied volatility above 70%.

According to BlockBeats On-chain Detection, the 1inch team investment fund has begun selling their previously acquired ETH and 1INCH tokens for profit. They have sold 5,000 ETH at an average price of $4,215, converting it into 21.07 million USDC. Additionally, they sold 6.45 million 1INCH tokens at an average price of $0.28, resulting in 1.8 million USDC. The ETH was initially purchased in February for 28.85 million USDC at a price of $2,577 per ETH, totaling 11,198 ETH. The 1INCH tokens were bought in July for 15.65 million USDC at a price of $0.253 per token, totaling 61.76 million 1INCH. The sales of ETH and 1INCH have generated a profit of $8.36 million for the 1inch team.

According to the announcement from Binance, the platform has introduced a new phase of its 'Write to Earn' promotion, now incorporating Convert trading. This initiative allows users to earn up to 100% additional commission on Convert trades, supplementing existing rewards. The campaign is set to run from 2025-08-11 00:00 to 2025-09-30 23:59 (UTC). Participants can join by registering on the 'Write to Earn' promotion page, unless they have already registered. Eligible content includes short posts, long articles, videos, polls, or audio Lives published on Binance Square. Users can earn commissions on Convert trades completed by regular and VIP 1-2 users who engage with coin cashtags or price widgets within the content. The reward structure offers a basic commission of 30% per eligible Convert trade, with a bonus commission available for the top 100 creators based on their earnings during the campaign. The top 50 creators can earn an additional 70% bonus, while those ranked 51st to 100th can receive a 20% bonus, totaling up to 100% commission. The campaign specifies that only Convert Instant Orders are eligible, excluding recurring and limit orders, API trades, stablecoin-to-stablecoin trades, and trades involving tokens that have undergone swaps or redenominations. Rewards are capped at 2,000 USDC per user and will be distributed as USDC token vouchers within 21 working days after the campaign concludes, expiring 14 days post-distribution. Binance emphasizes adherence to community guidelines and reserves the right to amend terms and conditions. The promotion is subject to regional availability, and Binance retains the right of final interpretation of the activity.

Employers across the UK are slowing hiring as they grapple with higher labour costs and the threat of more tax increases later this year. source: https://www.cryptopolitan.com/employers-worry-over-labour-and-tax-costs/

Cryptocurrency, policy, BTC, investment, should your 401(k) funds be invested in private equity, cryptocurrency, or real estate funds? Golden Finance, Trump will open the floodgates of funds.

Golden Finance has launched the 2782nd 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.

Two very different approaches to the same problem: how to make cryptocurrency accessible to the masses.

DeFi TVL hit a new high of $270 billion, but market attention shifted to NFTs; AI enthusiasm cooled, and vulnerability losses increased.

This change stems from technological innovation and is also promoting the deep integration of crypto finance and traditional systems.

As the light of innovation shines, are the shadows that once made us pay a heavy price in the P2P storm - arbitrage mentality, regulatory lags, legal ambiguity, and mass enthusiasm and fragility - quietly clinging to this emerging model?

In recent years, "cryptocurrency-stock linkage" has become one of the hottest trends between the capital market and the crypto world.

RWA, financial system, financing, how to prevent the RWA craze from becoming the next financial bubble? Golden Finance, the real goal of RWA tokenization is not to expand the scale of financing.

We have gone from trading worthless air to today, finally owning hard, durable, and most importantly, on-chain assets that will determine the future of the world.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry trends.