Coinbase to List DYDX

On August 7th, based on HTX market data, Ethereum's intraday increase expanded to 4%, and it is currently priced at $3770.

On August 7th, Caocao Mobility (Hong Kong Stock Code 02643) officially entered into a memorandum of understanding on virtual asset strategic cooperation with the Hong Kong-licensed institution Victory Securities. The cooperation focuses on three main aspects: the securitization of real-world assets (RWA), stablecoin payments, and compliant digital currency issuance. In response to this news, Caocao Mobility's Hong Kong stock price surged by more than 20% on August 7th, with the RWA concept becoming the focus of the market. This cooperation marks the first systematic exploration in the ride-hailing industry of the "ride-hailing asset + RWA" application scenario. Caocao Mobility CEO Gong Xin stated that through RWA technology, green mobility will be deeply integrated with digital finance, which may revitalize core assets such as Robotaxi and help the company establish a first-mover advantage in the autonomous driving field. Currently, Caocao has launched Robotaxi pilot operations in Han

On August 7th, INFINIT announced that the core token IN of the platform was officially launched, and simultaneously opened the staking function. The aim is to build a growth flywheel centered around real utility. IN will serve as the engine of the Agentic DeFi economy and build long-term value around three core functions: protocol fee sharing, governance participation, and platform priority access. Users can now execute complex strategies with one click. By staking IN, they can earn rewards and support top strategy creators, which helps to form an intelligence-driven DeFi growth loop. Qualified users can claim tokens from August 7th at 10:00 UTC to September 6th at 10:00 UTC, including: - INFINIT Stones holders (Epoch 1-5) - Kaito Yappers - Community contributors - Ecosystem partners.

On August 7th, based on market data, Binance's Alpha Zone token PLAY began a sharp ascent at 14:00 today. It reached a high of 0.092947 USD within 3 hours, showing a 163% increase. Now it has retraced to 0.0588 USD, with a narrowed gain of 67.4%. Its market capitalization on Binance Smart Chain is currently approximately 22 million USD.

On August 7th, based on The Block data, Ethereum's daily transaction volume (with a 7-day moving average) reached a record high of 1.74 million transactions on August 5th. This surpassed the previous record of 1.65 million transactions set on May 12, 2021. July also witnessed the largest monthly transaction volume in the history of the Ethereum network, with a total of 46.67 million transactions. Furthermore, on August 5th, the number of active Ethereum addresses surged to 683,520, approaching the historical high of 743,730 addresses on May 12, 2021. Presto Research analyst Min Jung stated, "Ethereum's daily transaction volume has reached a record high, which reflects the significant increase in DeFi activity, with stablecoins being at the core. The market's growing interest in yield strategies, especially wagers on interest rate cuts, has led to more on-chain transactions, ranging from yield farming to capital deployment."

On August 7th, Vincent Liu, the Chief Investment Officer of Kronos Research, stated that the United States' clear stance on cryptocurrency regulation and the accumulation of institutional funds have also stimulated interest in Ethereum. Recently, dozens of companies have adopted Ethereum as part of their treasury strategy to achieve balance sheet diversification and attract investors seeking exposure to digital assets. The cumulative value of ETH held by publicly traded companies has exceeded $7.5 billion. The recent surge in on-chain activity on Ethereum has not yet been fully reflected in the ETH price. Vincent Liu further added, "The price of ETH has been relatively cautious. Market confidence is on the rise, but a value reassessment is still in progress." If an Ethereum staking ETF is approved, it could further unlock the potential for price appreciation and on-chain activity, making ETH an interest-bearing asset that institutions can allocate to.