Bitcoin Holds Strong Above $80,000, Coinbase Bitcoin Premium Index and Fund Flows Signal Potential Pullback Trend

According to GMGN data, the market cap of Bundle Cat (BUN), a meme token on Robinhood Chain, has surged past $80 million to an all-time high, and has now pulled back to $65 million. It saw a 130% 24-hour gain, with a trading volume of $2.7 million. Bundle Cat (BUN) is the mascot of Mosh and its first experimental token. Mosh is an experimental token issuance framework not yet fully launched on Robinhood Chain, with Bundle Cat serving as its first test run. Mosh is a protocol layered on top of the Robinhood Chain launch platform, centered on the fair launch narrative of "community locking + AI market making". Note: This token is not a finalized governance token, and its official endorsement remains unconfirmed. Investors should exercise caution. BlockBeats reminds users that most meme tokens lack real use cases, are highly volatile, and require careful investment.

LayerZero has announced it is phasing out offchain support for a number of low-activity blockchains, covering 13 networks: Aurora, Taiko, Japan Open Chain, LightLink, Viction, Animechain, XPLA, Merlin, Gnosis, Zora, Otherworld Space, XAI, and opBNB. These chains will no longer be able to use LayerZero’s DVN and Executor services. The move will also cause Stargate Hydra to discontinue support for some of these blockchains. LayerZero is reminding users to redeem Hydra assets on the affected chains, including USDC.e, wETH, and Hydra USDT. Specific affected networks and effective dates are subject to the official announcement.

According to HTX market data, Backpack’s platform token BP surged past $1.42 this morning to hit a new all-time high, and is currently trading at $1.297, with a 9.2% gain over the past 24 hours. Fundamentally, BP has been boosted by positive news: the SEC’s approval of limited trading for tokenized stocks on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real U.S. stock trading market for international investors, where eligible users can trade and hold actual U.S. stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading venues, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more details, see the report: "Why Did BP Surge Suddenly? Backpack Is Gaining a New Valuation Logic".

According to Lookonchain's monitoring, newly created wallet 0xbe51 withdrew 428,640 HYPE tokens from multiple exchanges over the past 8 hours, valued at approximately $39.23 million.

According to HTX market data, major crypto tokens saw slight volatility over the weekend. Bitcoin fell below $84,000 to trade at $83,900, Ethereum at $2,688, and ZEC at $1,542. SOL surged past $120 with a 24-hour gain of 3.4%. BNB is trading at $776. The total crypto market cap rose 0.3% in 24 hours to $2.989 trillion. Altcoin rotation persists, with major DeFi tokens rallying broadly. Top gainers among DeFi tokens: QI at $0.003650 (up 103.57% in 24h), QUICK at $0.01287 (up 32.82%), AERO at $0.8314 (up 18.50%), VELODROME at $0.03558 (up 16.20%), ENA at $0.2656 (up 13.94%), JTO at $0.5670 (up 13.38%), JOE at $0.0414 (up 13.11%), ZRO at $1.611 (up 11.18%); EIGEN, REZ, LDO, KMNO, MET and JUP rose but by less than 10%. Additionally, top gainers among other altcoins include: PHA at $0.0847 (up 66.40% in 24h), ARK at $0.2524 (up 29.44%), MUBARAK at $0.05650 (up 26.29%), SEI at $0.07638 (up 20.80%), SUI at $1.1773 (up 12.57%), WLD at $0.4898 (up 10.89%).

A newly created wallet, 0xbe51, has withdrawn 428,640 $HYPE ($39.23M) from #Bybit, #Kraken, #Wintermute, #Gate, and #OKX over the past 8 hours.