CryptoQuant reports that after Bitcoin reached a historic high of $123,000, it has entered a short-term consolidation and downward risk, with the bullish index dropping from 80 to 60. Although it is still in the bullish range, the upward momentum has weakened, and if the price continues to weaken, it may confirm a Bear Market.

BlockBeats news, on August 8, CryptoQuant research director Julio Moreno pointed out that as XRP large holders accelerate the transfer of assets to trading platforms, the price of the Token may face short-term pressure. "The sudden influx of Whale funds into trading platforms may indicate a price turning point, as these Large Investors may start to sell," Moreno said. CryptoQuant data shows that as of Thursday, the 30-day moving average of XRP Whale transfers to trading platforms has increased from 141 million coins in early July to 260 million coins. Whale activity significantly impacts market sentiment. Moreno added that XRP prices fell after a surge in Whale fund inflows in July. It is worth noting that on July 18, the day XRP reached an all-time high, XRP Whales transferred to trading platforms.

According to BlockBeats news on August 8, monitoring by Arkham shows that a certain Whale Address has accumulated a total of 314.22 million dollars (currently worth 332.1 million dollars) of Ether (ETH) over the past three days, with unrealized gains of 17.88 million dollars.

According to BlockBeats news on August 7, the stablecoin project Plasma announced that it is partnering with Aave to launch the first and only exclusive institutional fund aimed at the global new financial system.

BlockBeats news, on August 7th, according to Blockworks, Ben Jacobs, co-founder and managing partner of Scenius Capital, stated that the company has just completed a slightly over-subscribed $20 million financing, which will be used to invest in a new emerging encryption venture fund.

BlockBeats news, on August 7, according to monitoring by Lookonchain, a certain Whale sold 10,000 stETH (approximately 38.16 million USD) and 398 BTC (approximately 46.41 million USD) in the past two hours, totaling 84.93 million USDC for profit-taking.

BlockBeats news, on August 7, according to Yujin monitoring, "insider trader" @qwatio spent 475,000 USDC two hours ago to open a short order of ETH on GMX, which has just triggered liquidation to reduce position.

According to BlockBeats news on August 7, monitoring by Yu Jin shows that the 70,000 ETH short order of [Whale with 75% win rate in Four Wars ETH] has been liquidated, and with the continued rise of ETH, it has had multiple stop loss and reduce position actions. Currently, its remaining ETH short order is 25,000 (approximately 95.56 million USD), and the latest liquidation price is 3876 USD.

BlockBeats news, on August 7th, according to official news, the Layer 1 public chain Kava now supports BNB Chain and has launched a PancakeSwap v3 liquidity pool. Users can now trade KAVA on PancakeSwap and participate in a trading competition to share a prize pool of $300,000.

The ZKsync Guardian team plans to allocate 8.5 million ZK Tokens for salaries and administrative expenses over the two years from 2024 to 2026, revoke the minting rights for 2 million tokens, and enable new permissions. The specific allocation is 3.75 million tokens for each of the two years and 1 million tokens for administrative expenses.

In the past 10 hours, multiple whales have withdrawn a large amount of Ether (ETH) from the trading platform, totaling over 40 million USD, involving multiple addresses.

According to BlockBeats news, on August 7th, Yi Lihua, founder of LD Capital, posted on social media, stating that Trump is more eager than investors to see interest rate cuts and a rise in the crypto market (as a large portion of his family's assets is in the crypto market). Under the clear bull run strategy, the best action is to hold and wait for a pullback to increase the position.