🙋‍♂️ Binance Research: Key Trends in Cryptocurrency – August 2024

https://www.binance.com/en/blog/research/binance-research-key-trends-in-crypto--august-2024-9155389198586793922?hl=en

#research

🇺🇸👀 Trump returns in X, but recent posts are only visible in search.

📈 #AAVE The number of short-term traders on Aave has increased by 28.83% over the past month.

📊 Top 15 DePin tokens by market capitalization.

📊 Report CoinShares on financial flows in crypto over the last week:

Last week, investment products in digital assets saw an influx of $176 million.

#BTC - inflow of $13 million.

#ETH - inflow of $155 million.

🤑😱 #BTC The fear and greed index dropped to 25 - extreme fear.

⛏📉 Daily income of BTC miners has reached a new annual low of $2.5 million. cointelegraph.com

📊 #ETH C.Q.: The recent correction likely indicates a cooling in ETH futures as many leveraged positions have been dumped. If demand returns, ETH could be poised for another bullish surge in the long term.

🕵️‍♂️ ZachXBT: One of the largest holders of WBTC is a shady organization linked to ransomware proceeds. (1, 2)

🥳 Marathon Digital Holdings, Inc. announces on the proposed private placement of convertible notes in the amount of $250 million.

🇳🇬🍿 #BNB The family of a Binance worker detained in Nigeria says he is being denied access to lawyers and his health is deteriorating. coindesk.com

😎 After Binance delisting notices:
#REEF -16%
#LOOM -6%
#EPX -37%
#VGX -33%
#CVP -36%

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GitBook

📊 In July, spot trading volume on the largest exchanges decreased by 9% compared to the previous month. The bottom three included Binance (-21%), Bitget (-18%) and OKX (-16%).

📊 Only 66% of Ethereum addresses are currently in profit.
The last time such a percentage was in October 2023, when Ethereum was trading at ~$1800.

📊 Top 15 projects based on positive market sentiment on Oriole Insights. #ETH #CHZ #DOGE

📊 The largest fundraising rounds in the last 7 days.

📊 Top 7 L2 by daily active addresses.

🇺🇸🍿 Trump will sue the US Department of Justice for $100 million over the Mar-a-Lago raid.

👀 #ETH #AZERO Aleph Zero launches L2 Ethereum mainnet based on zkOS cointelegraph

🥳 #EIGEN Symbiotic (an EigenLayer competitor) has launched devnet on the Ethereum Holesky testnet ahead of its planned mainnet release later in Q3.