Today's Fear and Greed Index rose to 64, remaining at Greed. Note: The Fear Index threshold is 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Heat (15%) + Market Research (15%) + Bitcoin's Share of the Overall Market (10%) + Google Hot Word Analysis (10%).
▌The floating loss of "Maji Big Brother" long positions expanded to 5.1 million US dollars
According to on-chain data, the total floating loss of "Maji Big Brother" Huang Licheng's long positions expanded to 5.1 million US dollars. Currently, his BTC and HYPE long positions are profitable, and the floating loss of ETH long positions is as high as 5.14 million US dollars.
Market
As of press time, according to Coingecko data:
BTC price is $117,542, up or down -0.2% in the past 24 hours;
ETH price is $4,404.88, up or down -1.6% in the past 24 hours;
BNB price is $848.13, up or down +1.6% in the past 24 hours;
BTC price is $117,542, up or down -0.2% in the past 24 hours;
ETH price is $4,404.88, up or down -1.6% in the past 24 hours The price of SOL is $188.98, with a 24-hour increase or decrease of +0.4%; the price of DOGE is $0.232, with a 24-hour increase or decrease of -1.0%; the price of XRP is $3.1, with a 24-hour increase or decrease of +0.3%. The price of TRX is $0.3487, with a 24-hour increase or decrease of -1.5%. According to Chris Perkins, president of the investment firm CoinFund, bank capital requirements proposed by the Basel Committee on Banking Supervision (BCBS), which sets banking standards, have created a "bottleneck" designed to stifle the growth of the crypto industry.
Perkins said that current capital rules reduce banks' return on equity (ROE), a crucial profitability metric in the banking industry, by imposing higher reserve requirements for holding cryptocurrencies, making cryptocurrency-related activities too expensive for banks. He added: "This is a different type of bottleneck, not a direct one. It's a very subtle way of disincentivizing banks by making it so expensive to do the activity that they think, 'I can't do it.'" Trump to meet with Zelensky in Washington on Monday US President Trump said on Saturday that he had spoken with Russian President Vladimir Putin for several hours the previous day and that the summit "went very well." Despite Trump's repeated emphasis on a ceasefire before the meeting, the two leaders failed to reach an agreement. Zelensky subsequently posted that he planned to meet with Trump to "discuss all the details of ending the conflict." Trump said he spoke with Zelensky and other European leaders overnight and announced on Facebook that he would meet with the Ukrainian leader in the Oval Office on Monday afternoon. Trump also said, "If all goes well, we will then schedule a meeting with President Putin." DeFi Technologies Board Member: Cryptocurrency to Become the UAE's Second-Largest Industry in Five Years According to Chase Ergen, a board member of DeFi Technologies, a publicly listed digital asset investment firm, the cryptocurrency industry is expected to become the second-largest industry in the UAE within the next five years, thanks to the UAE's regulatory policies and attractive business environment.
"The UAE has a great reputation for leadership, legislation, and community building," Ergen told Cointelegraph. "They sell oil, that's their primary business," he predicted. "I think over the next five years, their second-largest business will be the blockchain industry. It will start to be a double-digit growth segment of the economy." The UAE boasts a clear regulatory framework for cryptocurrencies, a community of key crypto industry executives, a debt-free economy that allows the government to reinvest surpluses in technology, a low crime rate, favorable tax policies, and forward-thinking leadership.
Blockchain Applications
▌Summary of the 218th Ethereum Execution Layer Core Developers Meeting (ACDE)
On August 16, according to Tim Beiko’s summary of the 218th Ethereum Execution Layer Core Developers Meeting (ACDE), the meeting mainly discussed: Fusaka update (Devnet-4 exposed problems with BPO 3, and it is planned to launch Devnet-5 to fix the problems and increase the participation of a small number of clients; the original upgrade schedule was postponed due to instability and will be determined after Devnet-5 is stable), Glamsterdam upgrade (confirming EIP-7732/ePBS as the core proposal for the consensus layer, and EIP-7928/Block-Level Access Lists as the core proposal for the execution layer. EIP-7778/6s Slot was removed due to conflicts, and EIP-7702/Fossil will be evaluated after ePBS and BAL are stable, The implementation of ePBS is expected to be completed in March-April 2026).
Cryptocurrency
▌The ETF Store President: To obtain exposure to crypto assets, you should choose to hold coins directly or spot ETFs. It is not recommended to buy through "treasury companies."
Nate Geraci, president of The ETF Store, tweeted, "Put aside the noise. If you really believe in Bitcoin or Ethereum, buy it directly or buy a spot ETF. You don't need financial engineering like "treasury companies."
▌The Ethereum Reserve Company and various ETFs have accumulated more than 10 million coins.