According to BlockBeats, Arkham has reported that two significant cryptocurrency investors, known as whales, purchased a total of $150 million worth of Ethereum (ETH) this morning. The first whale, identified by the address 0x1e0, acquired $118.2 million worth of ETH from FalconX. Meanwhile, the second whale, with the address 0xa3A, purchased $40.5 million worth of ETH through Galaxy Digital's over-the-counter (OTC) services.

Ethereum price started a downside correction from the $4,780 zone. ETH is again rising from $4,480 and might attempt a steady increase. Ethereum started a fresh increase above the $4,520 and $4,550 levels. The price is trading above $4,550 and the 100-hourly Simple Moving Average source: https://www.newsbtc.com/analysis/eth/ethereum-price-corrects-lower-4780/

According to BlockBeats On-chain Detection, a new cryptocurrency address, identified as 0x122...002bA, has been actively accumulating PEPE tokens. The address initially acquired PEPE tokens yesterday and reportedly increased its holdings early this morning. In the past 10 hours, the address withdrew 107.8 billion PEPE tokens from a centralized exchange (CEX), valued at approximately $1.21 million. Currently, the address holds a total of 218.6 billion PEPE tokens. Based on the withdrawal price, the average cost per token is estimated at $0.00001173. Despite the accumulation, the address is experiencing an unrealized loss of $140,000, reflecting the volatile nature of the cryptocurrency market.

According to Cointelegraph, investments in Web3 gaming projects experienced a significant increase in July, reaching $60 million. This surge marks a reversal from a three-month decline, with investors now prioritizing games that emphasize enjoyment. March remains the highest month for Web3 gaming funding this year, with $69 million invested. However, after a downturn in April, May, and June, capital is once again flowing into projects that boast proven teams, strong intellectual property, or infrastructure supporting multiple games, as noted by DappRadar analyst Sara Gherghelas in a report released on Thursday. Despite the renewed interest, smaller studios are facing challenges, with projects lacking traction or sustainable economies either closing or pivoting. Gherghelas described this period as a "Darwinian stage" for Web3 gaming, suggesting it is difficult for smaller players but potentially beneficial for long-term stability. Investors have shifted their focus towards games that prioritize fun, incorporating optional blockchain elements and backend technologies such as wallets, artificial intelligence tools, and cross-chain systems. Gherghelas anticipates fewer but stronger Web3 game releases in the short term, with cross-platform launches and brand-driven titles aimed at attracting mainstream audiences. The hype cycles may have subsided, but a more grounded and sustainable foundation is being established, which could lead to a more resilient wave of Web3 gaming. In March, Sky Mavis co-founder Jeffrey Zirlin expressed a similar sentiment, noting that crypto gaming investors are no longer indiscriminately funding "Axie killers"—a term used for projects claiming to be the next major Web3 game. In April, DappRadar reported a cooling of investor interest in Web3 gaming, as attention shifted towards real-world assets and AI. However, the market has now entered a more mature phase, focusing on quality gameplay, sustainable economies, and scalable infrastructure. The projects thriving today are laying the groundwork for future growth, positioning Web3 gaming as one of the most resilient and forward-looking sectors in the blockchain space. Studios funded now, if they build sustainable tokenomics and retain users, could be well-positioned when macroeconomic conditions improve in 2026. Blockchain gaming saw an increase in daily unique active wallets, reaching 4.9 million in July, up 2% from June, leading the decentralized app ecosystem. Gherghelas noted that blockchain gaming was the only area to record increased activity last month, with top titles maintaining player interest through major updates. While other sectors cooled, gaming not only held its ground but expanded its audience, reaching nearly five million monthly players. The competition between gaming and AI applications is becoming increasingly narrow, presenting a key trend to watch moving forward.

Bitcoin experienced a sharp fall-dropping from its all time high of $214,457 to $118,730-after U.S Treasury Secretary Scott Bessent announced that the government would no longer be making additional purchases of Bitcoin for its strategic reserve and digital asset stockpile.

Trump considers suing Fed Chair Powell as debate over succession and interest rates intensifies across markets. source: https://ambcrypto.com/who-will-replace-jerome-powell-these-names-are-in-the-lead/

Citigroup is moving into digital assets by exploring stablecoins and other cryptocurrencies backed by assets. source: https://www.cryptopolitan.com/citigroup-weighs-stablecoin-custody/

Web3 gaming funding steamed back as daily unique active wallets rose 2% to 4. 9 million in July, with signs of a maturing industry. source: https://cointelegraph.com/news/web3-gaming-investments-july-growth-trends?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The purchase, worth roughly $314 million, will add 14. 02 exahashes per second (EH/s) of computing power to the company’s operations. source: https://coindoo.com/trump-linked-bitcoin-miner-buys-314m-in-rigs-ahead-of-tariff-shift/

BTC, ETH, SOLANA, altcoins, Bitcoin is a separate beast, not what you think. Golden Finance, 99% of people have a completely wrong understanding of Bitcoin.

According to BlockBeats, Ronin has announced plans to transition from an Ethereum sidechain to an Ethereum Layer 2 (L2) solution. Established four years ago to support Axie Infinity with a faster and more efficient network, Ronin was created when Ethereum's scaling roadmap was still in its early stages. Now, with advancements in Ethereum's capabilities, transaction costs and speeds have improved significantly. Ronin aims to become a gamified engine for Ethereum and is set to fully integrate as an L2 solution by next year.

According to BlockBeats, data from BitcoinTreasuries reveals that the U.S. stock market crypto trading platform Bullish (BLSH) has entered the top five publicly listed companies with the largest Bitcoin reserves, holding 24,000 BTC. Meanwhile, Tesla (TSLA) has fallen out of the top ten in this category.

Economist Sumerlin believes a more aggressive rate cut is appropriate, potentially allowing for a 50 basis point reduction, while also emphasizing the importance of Fed independence. Jefferies market strategist David Zervos supports a significant rate cut, undeterred by unexpectedly strong U.S. producer price inflation data.

Golden Finance has launched the 2786th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.

BMNR's new shareholders have been continuously eroding the rights and interests of old shareholders through additional issuance, but this is only masked by the rise of ETH.

Circle and Coinbase have formed a symbiosis around USDC.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

The crypto market, starting with Mystonks: Unveiling the "US Compliance" propaganda trap of crypto platforms. Golden Finance, what is the truth about these so-called "compliance" qualifications?

ETH, Ethereum's breakthrough: history repeats itself and opens an "epic" new cycle. Golden Finance, when Bitcoin dominates the headlines, the entire crypto market is paying close attention.

OKX, Binance: Reminiscing about the platform coin war four years ago: Is there room for another 10x increase? Golden Finance: Behind the massive OKB burn, is the platform coin war about to begin again?