Bitmine plans to increase its holdings of Ethereum to 5%, which has sparked a rise in market sentiment, with the ETH price approaching historical supply levels. Analysts point out that this is a long-term commitment that will have a positive impact on supply and demand, but in the short term, attention should be paid to the risk of a price pullback.

On August 1, the price of Ethereum was $3700, and it has now risen to $4660, an increase of 26%. 0xSun has adopted a hedging strategy, going long on Ethereum and shorting alts, believing that this strategy will have less psychological pressure in the center of market fluctuations and can improve overall profitability. It is expected that the market in the second half of the year will be driven by Ethereum, and if a bear market occurs, the performance of alts is also not optimistic.

Ethereum is currently only 6.4% away from its all-time high, with retail investors continuing to dump against the price movement. Major stakeholders are hoarding Ether, and market sentiment shows no resistance, indicating a possible breakthrough to new highs in the future.

According to BlockBeats news on August 13, data from strategicethreserve.xyz shows that the current holdings of Ethereum reserve companies and various ETH Spot ETFs account for 2.95% and 5.13% of the total supply, respectively, with the total percentage exceeding 8% of Ethereum's total supply.

BlockBeats news, on August 13, according to Onchain Lens monitoring, as Ethereum surpassed 4600 USD, two whales made huge profits from their long positions. Whale 1: holds a position worth 123 million USD, with a leverage of 25 times, currently making a profit of 24.5 million USD. Whale 2: holds a position worth 138 million USD, with a leverage of 10 times, currently making a profit of 24.3 million USD.

After the price of Ethereum broke $4600, Eric Trump responded to the crypto KOL @AshleyDCan who had mocked him, stating that the other party should stop engaging in this industry. Back in June, @AshleyDCan criticized Eric Trump for advocating ETH in February, accusing him of exploiting retail investors.

Glassnode pointed out that the key resistance level for Ethereum's price is at $4700, and a breakout could trigger a speculative phase, but a shift in sentiment also faces reversal risks. Regarding Bitcoin, $127,000 is an important price to monitor, and a breakout could refer to the $144,000 area, where selling pressure may increase.

The AI concept coin BUZZ on the Solana blockchain recently reached a market capitalization of $21.1 million, rising over 100% in a short time. Founder Jason Hedman has handed over ownership of the project to new leadership, reminding investors to exercise caution.

According to BlockBeats news on August 13, based on glassnode data, the current open interest of leading alts contracts has reached 47 billion USD, setting a new historical high. Glassnode analysis indicates that this situation highlights the increase in market leverage, making it more susceptible to significant price fluctuations. The rise in leverage amplifies both upward and downward trends, thereby creating a more fragile market environment.

BlockBeats news, on August 13, according to GMGN market, the new coin BSD on Base chain was launched at 4 AM this morning. The market then expected this token to be Block Street's (@BlockStHQ) cold start token, causing its market capitalization to rise sharply, peaking above 50 million USD. Subsequently, half an hour ago, BSD developers removed a large amount of liquidity, leading to a big dump in the coin price. As of the time of writing, BSD's market capitalization has fallen to 260,000 USD.

BlockBeats news, on August 13, according to Cointelegraph statistics, since 2022, President Trump's investments in Crypto Assets have generated $2.4 billion in profits. The report states that this income accounts for 43.5% of the personal wealth he has accumulated throughout his political career, including profits from NFT, World Liberty Financial, and Bitcoin Mining investments.

BlockBeats news, on August 13, according to the SEC documents disclosed in the United States, Circle Internet Group plans to issue 2 million Class A shares; the selling shareholders plan to issue 8 million Class A shares.

BlockBeats news, on August 13, according to lookonchain monitoring, the whale address Regbil spent 6 wallets to buy 1.5 billion PUMP by spending 6 million USDC in the pump.fun public sale, and sold all of it at $0.0059 before the price fell, locking in a profit of $2.85 million. Regbil also deposited $11.1 million into Plasma 2 months ago and spent $571,800 to participate in the XPL public sale.

BlockBeats news, on August 13, according to Rockflow data, the new ETH treasury company ETHZilla in the U.S. stock market has seen its rise expand to 165%, with a market capitalization increasing to 53 million USD. Previously reported, billionaire Peter Thiel has once again invested in Ethereum, as Peter Thiel and his investment team acquired the Ethereum treasury reserve company ETHZilla (formerly 180 Life Sciences.