The final value of the July U.S. Markit Services PMI was 55.7, compared to an expected 55.2.

On August 6th, the cryptocurrency exchange platform Gate announced its formal membership in the Global Dollar Network (GDN), becoming one of the first-tier partners and continuously promoting the adoption of stablecoins and PayFi innovation. In this cooperation, Gate has completed the integration of the USDG stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe. It is now supported on the Ethereum, Solana, and Ink blockchains, bringing a compliant and transparent stablecoin usage experience to Gate's 34 million global users. Dr. Han, the Founder and CEO of Gate, stated: "This partnership reflects Gate's consistent dedication to compliance innovation and the development of digital asset infrastructure. USDG will play a crucial role in driving the next generation of global payments, transactions, and PayFi applications." The Global Dollar Network is one of the fastest-growing stablecoin ecosystems globally. Its rapid growth also highlights the critical role of stableco

August 6th. As per The Block, BitBridge Capital Strategies is set to commence trading under the stock ticker BTTL by the end of the third quarter and intends to list on Nasdaq subsequently. In contrast to other Bitcoin financial companies, BitBridge's sole concentration is on expanding the Bitcoin economy, establishing a robust Bitcoin reserve, and leveraging Bitcoin as a strategic asset to drive long-term shareholder value. BitBridge also announced the launch of its Bitcoin Respect Loan program, which is a loan product formulated to "redefine how the financial system regards Bitcoin collateral." The company stated that, based on its perception of Bitcoin as a long-term stable monetary asset, it has designed a low-interest, multi-year loan program that has the potential to generate sustainable annual revenue for BitBridge.

On August 6th, according to the data of StrategicETHReserve, as of now, there are a total of 64 reserve strategy entities/companies of Ethereum holding more than 100 ETH. The total holdings of this group have exceeded 3 million ETH, reaching approximately 3.04 million ETH, accounting for about 2.52% of the total supply of ETH, with a value of approximately $10.87 billion. Among them, the top three entities in terms of ETH holdings are Bitmine (833,100 ETH), SharpLink Gaming (521,900 ETH), and The Ether Machine (345,400 ETH).

On August 6th, Du Jun, a co-founder of ABCDE, stated in a social media post that "The three core elements of a public blockchain are decentralization, liveness, and security. Except for Bitcoin and Ethereum, no other public chain can simultaneously meet all three conditions. Based on this, it is anticipated that the price of Ethereum will reach $20,000."

On August 6th, according to GMGN data, in the "Hot" sector on the Solana chain, the top five tokens in terms of market capitalization within the past 6 hours are Fartcoin, DeepSeekAI, USELESS, TROLL, and SPARK. It should be noted that DeepSeekAI and SPARK have been listed for less than 24 hours, which poses relatively higher risks. Therefore, please trade with caution. On the other hand, on the Base chain, in the "Next Blue Chip" sector within the past 6 hours, the top five tokens in terms of market capitalization are ZEN, XTTA, Billy, SPARK, and BOSS. Tokens in this sector have a short listing time and an unstable trading volume. Please be aware of the risks. BlockBeats reminds users that many Meme coins lack practical use cases and have significant price volatility. Therefore, investment should be approached with caution.

August 6th. Based on The Data Nerd's monitoring, 10 hours ago, Cumberland withdrew 36,918 ETH from Coinbase (around $132.86 million).
4 hours ago, Abraxas Capital kept on accumulating 7,191 ETH from Binance (about $25.97 million).