8.21 AI Daily: encryption market trends are mixed, institutional investors increase holdings against the trend.

Institutional investors hold more BTCETFs

The number of institutional investors holding BTC ETF in the second quarter increased by 14%. Despite a 12% drop in BTC price in the second quarter, this did not prevent institutional investors from significantly increasing their allocation to BTC ETF. Data shows that BTC ETF has been adopted by institutions at the fastest pace of any ETF in history. The report predicts that most ETFs will strengthen over time and expects BTC ETF inflows to exceed 2024 by 2025.

DOGS Coin Airdrop Triggers a Frenzy

DOGS is a memecoin developed on the Telegram platform, inspired by a dog painted by the CEO of Telegram at a charity auction for orphans in Russia. The birth of DOGS is to help the community become better by raising funds. In less than 24 hours after its launch, DOGS attracted the first one million users, and three days later the number of users exceeded ten million. DOGS adopts an Airdrop mechanism based on the age of the Telegram account, where the older the account, the more Tokens it receives.

BTC futures market may trigger a big rise

According to K33 Research’s analysis, the funding rate of BTC perpetual futures shows that the dominance of short positions is increasing the risk of “short squeeze”, which may trigger a significant rebound in BTC. The funding rate of perpetual swaps has been negative over the past week, while the open interest in unclosed positions has increased sharply, indicating aggressive shorting behavior and creating a favorable situation for short-term squeeze.

Black Myth: Wukong game triggers a MEME coin craze

After the launch of the game Black Myth: Wukong on Steam, it quickly became popular across the internet, with a peak concurrent player count of 935,000, instantly becoming the 8th highest-ranking game in history. In the crypto world, many KOL accounts have started to give away game accounts through lotteries, trying to capture this wave of traffic. However, the overall market capitalization and volume of the MEME token associated with the game are not high, and there is currently no Token with strong consensus.

SlowMist founder YuXian: 55.40 million DAI stolen

SlowMist founder, Cosmos, said that 55.4 million DAI was stolen by the encryption theft group Inferno Drainer, and the Owner of its DSProxy contract was set to a fishing-related WalletAddress. This technique is similar to the OpenSea Wyvern Protocol in the past. The gang has exchanged about 27.4 million US dollars of DAI for about 10,820 ETH.

Mt.Gox in Mentougou transfers a large amount of BTC again

According to monitoring, 4 hours ago, Mt.Gox in Mentougou once again transferred 12,000 BTC (about 7.1 billion US dollars), most likely to Bitstamp. Currently, Mt.Gox still holds 46,164 BTC (about 27.4 billion US dollars). In July, Mt.Gox transferred 95,523 BTC to multiple exchanges for repayment.

Sun Yuchen’s SunPump traffic reaches 30% of PumpFun

Justin Sun stated that the traffic of SunPump has reached about 30%-40% of PumpFun’s, and plans to release the official version in the next few days, which will include many differentiated new features. Another analyst said that a trader made 20 million US dollars in 6 days using $1690 worth of SUNDOG.

Trump’s son: Important announcement about the encryption project will be released soon

Former US President Donald Trump’s second son and current Executive Vice President of the Trump Organization, Eric Trump, posted on social media that he is very excited to announce some important news about the encryption project. Earlier, young Donald Trump announced the launch of the Telegram channel “The DeFiant Ones” on X platform to introduce the upcoming encryption project.