A whale has further increased their short position to 50,000 ETH, liquidation price $3764

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).

On August 6th, the Ethereum Foundation issued a blog post to update the latest work progress in the "Scale L1 / Layer 1 Scalability" area. This includes the following 3 points: 1. Marius van der Wijden joins Ansgar Dietrichs and Tim Beiko to jointly lead the L1 scaling work. 2. Following Berlinterop, the mainnet gas limit has been increased to 45 million, marking the first step towards 100 million Gas and beyond. 3. All major execution layer clients have deployed the pre-merge history pruning feature, which significantly reduces node disk usage. It is understood that in order to address the growing demand on the Ethereum network, the Foundation reorganized the research and development team in June and renamed it to "Protocol", focusing on three key strategic goals: L1 Scalability (Scale L1), Blob Scalability, and User Experience/UX Improvement while ensuring security and decentralization.

On August 6th, as per the monitoring of LookOnChain, the whale address BfL4vh deposited 1.25 billion PUMP tokens ($4.09 million) into Kraken 10 minutes ago. Previously, this whale had spent 5 million USDC in public sales through 5 wallets to acquire the 1.25 billion PUMP tokens. If it sells now, it would lead to a loss of nearly $1 million.

On August 6, according to the monitoring of LookOnChain, 3 hours ago, Galaxy Digital undelegated 250,000 SOL tokens (amounting to $40.7 million) and deposited them into Binance.