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Blockworks research analyst Shaunda Devens stated that the annual revenue of the Solana-based meme coin issuance platform PumpFun reaches $677 million, with the lowest weekly revenue fluctuations among the top ten protocols. The platform combines launchpad and DEX infrastructure while expanding the consumer layer, with daily trading volume on mobile and Terminal's front end increasing 5.6 times since early July. Cumulative revenue since 2024 has reached $1.37 billion, making it the second highest revenue-generating application this year after excluding stablecoin issuers, only behind Hyperliquid.Devens noted that PUMP is currently trading at a 2.8 times price-to-sales ratio, with its valuation range for PUMP between $0.0108 and $0.0205, equivalent to 2.3 to 4.4 times the current price. The programmatic buyback funded by 50% of revenue absorbs approximately 17.6% of the circulating supply at the current price, with about 77% of allocated insider tokens still unmoved. She mentioned that the team has a treasury of approximately $2 billion.She also stated that 96% of the revenue comes from tokens with a market cap of less than $1 million, with revenue priced in SOL at historical highs. PumpFun accounts for about 70% of the trading volume of Solana meme coins. The revenue for the second quarter was $85.2 million, with a run rate of $125.4 million in the third quarter, representing a 47% quarter-over-quarter growth, with the launchpad contributing $87.1 million and PumpSwap contributing $38.3 million. Daily active users on mobile increased from 5,600 to 34,100.

According to Catcher Predict monitoring, in the market prediction event "Texas Rangers vs. Seattle Mariners" on Polymarket, the "Texas Rangers" option in the sub-market "Texas Rangers vs. Seattle Mariners" has experienced a dramatic fluctuation in winning probability, plummeting from 78% an hour ago to the current 19.5% (a fluctuation of 58.5%). Please note the impact of related breaking news.

Analyst Killa pointed out that many people always focus on the "imbalance zone," "weekly FVG (Fair Value Gap)," or low trading volume areas within specific price ranges. While there is indeed reason to pay attention to the imbalance zones, in a bull market, the imbalance zones formed by strong upward trends are mostly not fully retraced. In fact, historical data shows that explosive upward K-lines at the bottom often remain unfilled.Killa believes that BTC is unlikely to retest its $62,600 double long entry point, nor does he expect it to return to the publicly shared average spot entry cost of $65,800. The absolute worst-case scenario may only see some form of capitulation near $70,000. It is more likely to hold in the $73,000 to $75,000 range, and then initiate a new round of upward movement, targeting $85,000.

CryptoQuant analyst Darkfost posted on platform X, pointing out that the profit ratio of short-term Bitcoin holders (STH SOPR) has recently shown noteworthy changes. This indicator measures the profit realization of short-term holders who have held for less than 6 months, and it has now risen above 1, reaching approximately 1.01, marking the first time in over a year that it has entered the profit zone.Darkfost noted that during the last bear market, short-term Bitcoin holders remained in an average loss state for about a year, while the current level is significantly higher than the brief reaction in May of this year, indicating that the optimism among short-term holders is improving. A healthy market should not avoid profit-taking but rather needs to realize profits continuously and moderately, especially for short-term holders, who are the most active and sensitive group in the market. If the 30-day moving average of STH SOPR can maintain its position in the current area, it will be a very positive signal, as historically, every bull market has been accompanied by continuous profit realization from short-term holders.

CryptoQuant analyst Darkfost posted on platform X, pointing out that the profit margin of short-term Bitcoin holders (STH SOPR) has recently shown noteworthy changes. This indicator is used to measure the profit realization of short-term holders who have held for less than 6 months, and it has now risen above 1, reaching approximately 1.01, marking the first time in over a year that it has entered the profit zone.Darkfost noted that during the last bear market, short-term Bitcoin holders remained in an average loss state for about a year, while the current level is significantly higher than the brief reaction in May of this year, indicating that the optimism among short-term holders is improving. A healthy market should not avoid profit-taking but rather needs to realize profits continuously and moderately, especially for short-term holders, who are the most active and sensitive group in the market. If the 30-day moving average of STH SOPR can maintain in the current area, it will be a very positive signal, as historically, every bull market has been accompanied by short-term holders continuously realizing profits.

According to Catcher Predict monitoring, in the Polymarket event "Tampa Bay Rays vs. Texas Rangers," the sub-market option "Tampa Bay Rays" has experienced significant fluctuations in winning probability, soaring from 58.5% an hour ago to the current 80.5% (a fluctuation of 22%). Please note the impact of related breaking news.

According to Nikkei News, the rise in Bitcoin prices lacks momentum, as it was bought due to "dollar depreciation trading," but this is only a fleeting moment. Now, the expectation of interest rate hikes in the United States has become a heavy burden for Bitcoin. The market generally expects Bitcoin prices to peak in the fall.A factor to watch is the U.S. midterm elections in November. In years when midterm elections were held, the market tends to decline from September to the end of the year, with a drop of 45% in 2018 and an 18% decline in 2022.

Glassnode released a report stating that a short squeeze in mid-August drove Bitcoin's rebound, breaking above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above and fell back to around $76,000, triggering a series of long liquidations. Currently, there is still a large amount of potential short liquidation positions clustered between $83,000 and $86,000, while the area between $60,000 and $63,000 contains an undigested long liquidation zone, with BTC positioned between the two.On-chain data shows that when Bitcoin traded around $78,000 in May this year, about 65% of the supply was in profit; by the end of August, when it returned to the same price level, that ratio had risen to 68%. The summer redistribution of chips pushed the cost basis of short-term holders to about $71,000, and the same price now would activate more profit-taking chips, increasing potential selling pressure. Considering the overall cost basis and chip distribution, the accumulation support zone is between $62,000 and $65,000, while the concentrated supply zone for long-term holders is between $83,000 and $86,000.The average net inflow of the U.S. Bitcoin spot ETF during the rebound peaked at $290 million per day over seven days, but the daily trading volume in the secondary market remained around $3 billion, significantly lower than during the previous expansion phase. Meanwhile, the yield on U.S. 10-year Treasury bonds briefly fell to 4.6% after the Treasury's repurchase announcement on August 19, but returned to 4.8% in just eight trading days, reaching a new high for this cycle, indicating that sovereign debt pressure is still affecting market valuations. In the options market, short-term optimism has cooled, while long-term options demand remains. The open interest for Deribit and IBIT options expiring on September 25 is about $14 billion, with a large number of positions concentrated above $80,000, which may become important volatility and position anchor points in the coming weeks. Before the supply above $83,000 to $86,000 is digested, BTC will continue to maintain range-bound fluctuations, with $62,000 to $65,000 being the main downward reference area.

According to monitoring by Catcher Predict, in the predicted market event "Texas Rangers vs. Milwaukee Brewers" on Polymarket, the option "Milwaukee Brewers" in the sub-market "Spread -1.5" has experienced a dramatic fluctuation in winning probability, soaring from 50.5% an hour ago to the current 90% (a fluctuation of 39.5%). Please note the impact of related breaking news.

According to the Wall Street Journal, Nvidia has suspended some transactions in its new financing plan. This plan aims to provide credit support to AI cloud companies in exchange for revenue sharing. Insiders say that the chip giant withdrew from the related arrangements last week but may adjust the plan in the future or incorporate it into other projects.A Nvidia spokesperson stated that the new business model aimed at the rapidly growing AI ecosystem and open computing power access is still progressing and continues to evolve due to strong demand. The plan was announced less than two months ago, intending to support the financing needs of small AI cloud companies: if customers cannot sell computing power, Nvidia can lease back the relevant computing power, acting as a guarantee buyer, thereby facilitating companies in raising funds to purchase Nvidia AI chips; Nvidia would then share cloud revenue generated by customers based on its chips, in addition to hardware sales.Nvidia stated in this week's earnings call that this model is expected to contribute billions of dollars in revenue in the medium to long term. However, recent investor scrutiny regarding its capital flow back to the AI ecosystem has increased, raising concerns that so-called circular transactions may inflate demand. Reports indicate that some employees had expressed antitrust concerns to customers; in the early stages of the plan, Nvidia also faced dissatisfaction from some potential partners due to attempts to limit chip rental targets, preferring to distribute to multiple small customers rather than a single large customer, and requiring a 50% revenue share after reaching a certain threshold.

According to Glassnode data, the spot price is around $79,000, with the first significant cost-intensive zone located between $83,000 and $86,000, where there is a supply of approximately 1.05 million BTC held by long-term holders. This portion of chips has basically not been sold during the entire round of corrections and will become a key area to test whether "patient supply will sell near the break-even point."In the lower range of $62,000 to $65,000, there are about 1.44 million BTC, of which nearly two-thirds are held by recent buyers. Glassnode states that recent buyers are providing support, while long-term chips constitute the supply wall above. The cost basis for short-term holders is around $70,000.

Charles Schwab announced plans to add trading services for Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform in the coming months.Schwab Crypto began offering clients direct trading in Bitcoin and Ethereum in May 2026. Charles Schwab stated that it will continue to gradually add more cryptocurrencies and digital assets.

According to the latest ranking of stock derivatives exchanges released by RootData, the three exchanges with the largest spreads among the listed exchanges are HTX, BingX, and OrangeX, with spreads reaching 0.856%, 0.332%, and 0.258%, respectively.It is worth noting that these three exchanges have ranked in the top three for spreads for several consecutive days. RootData reminds that this spread is the weighted spread based on 24h trading volume, and a higher value usually indicates higher trading costs.

According to the SpaceX stock unlocking schedule, the first batch of shares for Gate Pre-IPOs project SpaceX (SPCX) will be unlocked on August 26 at 20:00 (UTC+8). The total amount of the first batch to be unlocked is 33,900 SPCX, with 20% of the shares being unlocked based on the actual holdings at the time of the user’s spot account snapshot, and the corresponding shares will be directly credited to the Gate stock account at a 1:1 ratio.Gate is the first platform in the industry to support Pre-IPO share unlocking and directly distribute listed company stocks to users. This unlocking includes SPCX that users previously acquired and held through Pre-IPOs, as well as SPCX purchased subsequently; SPCX that has been sold will not be included in this round of unlocking. Users need to check their SPCX holdings and open orders in advance to ensure that the SPCX used for this unlocking is in an available state.Gate will continue to provide users with an asset participation experience from Pre-IPOs subscription before listing, internal trading, to stock unlocking entering the U.S. stock market. This is the first 20% stock unlocking for SpaceX (SPCX), and the remaining portion will be processed according to the unlocking rules of the target company as soon as possible, subject to the official announcement from Gate.

According to the latest ranking of stock derivatives exchanges published by RootData, the three exchanges with the largest spreads among the listed exchanges are HTX, Crypto.com, and OrangeX, with spreads of 0.904%, 0.452%, and 0.357% respectively.Among them, HTX ranks first with a spread of 0.904%, which is about 90 times that of the exchange with the smallest spread on the list. Currently, the exchanges with the smallest spreads on the list are Binance, Gate, and OKX, all with a spread of 0.01%.It is reported that this spread is the 24h transaction volume weighted spread, and a higher value typically indicates higher trading costs.

According to CoinGlass data, the weighted funding rates for BTC positions and trading volume are 0.0097% and 0.0091%, respectively, both in the neutral range; the two weighted funding rates for ETH are 0.0111% and 0.0123%, both above the 0.01% benchmark rate, entering the bullish range.Although the spot price of ETH has dropped more significantly, the bullish sentiment in its contract market is still clearly stronger than that of BTC. Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between perpetual contract prices and the prices of underlying assets, serving as a mechanism for the exchange of funds between long and short traders. When the funding rate is 0.01%, it indicates the benchmark rate; above 0.01% represents a generally bullish market, while below 0.005% indicates a generally bearish market.

The Bitget Launchpool project ALIGN is now open for investment. As of the time of publication, the BGB lock-up pool yield is 44.66% APR, and the ALIGN lock-up pool yield is 23,416.15% APR.

Trader Murphy (@Murphychen888) posted on the X platform, stating that despite multiple negative influences such as the pullback in U.S. stocks, Strategy selling BTC, and the rebound in oil prices, BTC has not shown a significant decline, which may be related to its chip structure. Data shows that over 2 million BTC have been concentrated in the trading range of $62,000 to $64,000, causing the cost for many holders to converge, resulting in a low willingness to sell in the short term.He indicated that BTC experienced nearly two months of low volatility sideways movement, and within three days, it quickly rose from $64,000 to $75,000. However, the chips around $63,000 have not significantly decreased, while the chips in the range of $68,000 to $74,000 remain relatively sparse, indicating that holders in the previously concentrated area have not taken large-scale profits. He expects that as the price continues to rise, the chips may gradually loosen and form a new chip concentration area; if a new effective support is not formed, BTC may test the support strength of the chip concentration area around $62,000 to $63,000 again.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Washington Nationals vs. Texas Rangers," the option "Washington Nationals" in the sub-market "Washington Nationals vs. Texas Rangers" has experienced a sharp fluctuation in winning probability, dropping from 39.5% an hour ago to the current 14.5% (a fluctuation of 25%). Please note the impact of related breaking news.