Public Blockchain Activity Rank in the Last 7 Days: Solana Holds the Top Position

On August 25th, as reported by The Wall Street Journal, Taylor Thomson, the heir to Thomson Reuters, invested in cryptocurrency after following the investment advice of a psychic medium. This led to a loss of more than 80 million US dollars. It is reported that Taylor is a member of the Thomson family and collaborated with her former best friend Ashley Richardson in cryptocurrency investment. After consulting a celebrity psychic medium and other spiritual advisors, Taylor became deeply involved in cryptocurrency investment. During the bull market of 2021, Ashley Richardson managed over 140 million US dollars of cryptocurrency assets for Taylor. However, the mid-2022 cryptocurrency market downturn had a significant impact on the investment portfolio. The consulting firm Guidepost Solutions estimated that Taylor's losses exceeded 80 million US dollars. The company claims that Ashley executed more than 450,000 trades without proper authorization, exposing Taylor to risks. Taylor'

On August 25th, as per prnewswire, the US-listed company Bitmine (BMNR) announced today that the total value of its cryptocurrency holdings and cash has exceeded 8.82 billion US dollars. As of 5:30 pm Eastern Time on August 24th, the company's cryptocurrency holdings consist of 1,713,899 ETH (priced at $4,808 per ETH, sourced from Bloomberg), 192 Bitcoins (BTC), and $562 million in unrestricted cash. BitMine's Chairman, Tom Lee, said: "In the past week, BitMine has added 190,500 ETH to its cryptocurrency and cash holdings, increasing the total from 1.52 million ETH to 1.71 million ETH, and the holdings have grown by $2.2 billion to reach 8.8 billion. This is our second week of raising funds from institutional investors at such a pace in pursuit of the goal of reaching 5% of the total ETH supply."

August 25th. As per market information, Bitmine has augmented its ETH holdings by $2.2 billion during the past week.

On August 25th, according to BiyaPay analysts, following a period of high-level oscillations, Bitcoin experienced a pullback. The news-driven rally was not sustainable, and the market reverted to being technically driven. Both the weekly and daily charts showed continuous declines, with the price remaining under pressure below the moving averages. The indicators signaled a death cross, indicating a bearish bias in the overall trend. Analysts cautioned against falling into bull traps, as any rebound was merely a technical correction within the downtrend. Yesterday, the daily chart formed a small bearish candlestick, continuing the downward trend. The price remained under pressure below the moving averages, and the indicators continued to show a death cross, maintaining a bearish outlook. The hourly chart shows a slight morning bounce to around 113700 after a dip in the early morning but then weakened again. Currently, there is a continued bearish trend with the indicators forming anoth

On August 25th, based on Coingecko data, with the overall cryptocurrency market experiencing a downturn today, the total crypto market capitalization has fallen below $4 trillion and currently stands at $3.923 trillion, with a 24-hour decrease of 3.1%. The altcoin (excluding BTC) market capitalization has dropped 4.4% from the intraday high and 3.58% since 8:00 today, and now it is at $1.58 trillion.

On August 25th, based on Coinglass data, the current funding rates of mainstream CEX and DEX suggest a slightly bearish sentiment in the market. The specific funding rates are presented in the following chart. BlockBeats Note: The funding rate is a rate determined by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a funding exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is higher than 0.01%, it indicates a generally bullish market. When the funding rate is lower than 0.005%, it suggests a generally bearish market.