📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Daily On-Chain Briefing | August 6
Market Overview:
Today's "Crypto Fear and Greed Index" is 54, which is in the neutral range, indicating that investor sentiment is relatively balanced, with neither excessive fear nor blind greed.
Today's Headlines
1. Institutional funds bolster market resilience
Despite significant fluctuations in August, institutional funds continued to flow in to support the market. Bitwise Asset Management manages over $10 billion in assets, and the overall cryptocurrency market capitalization remains above $3.3 trillion.
Impact: Institutional capital provides a solid foundation for the market, and short-term adjustments may present opportunities for long-term positioning, which is expected to reduce future volatility.
2. Ethereum benefits from favorable regulation
The SEC recently clarified that certain liquid staking structures and related tokens do not fall under securities, which is beneficial for the Ethereum ecosystem and promotes the development of Ethereum ETFs.
According to the Clarifying Lawful Overseas Use of Data Act, Ethereum is classified as a commodity and is regulated by the CFTC. The trading volume of stablecoins has reached an all-time high, and the trading activity of Ethereum continues to increase.
Impact: Clear regulations and an active ecosystem are expected to drive up Ethereum prices, attracting more institutional and retail funds.
3. Large holders are showing confidence by accumulating at low prices.
On-chain data shows that multiple whales have continued to buy during the market correction. One whale has accumulated 0.9% of the Bitcoin supply over the past 4 months, while another whale has taken a high leverage long position in BTC and ETH.
Impact: Whale buying often signals that the market is about to warm up, which may trigger a new round of buying and boost market confidence.
Choose the right track and run alongside for the long term.
No matter how the market fluctuates, remember to stay rational, manage your risks well, and don't let emotions dictate your investment decisions.
Wishing you successful trades, and always remember to DYOR!