- Market Commentary: BTC has dropped approximately 2.10% in the past 24 hours, forming a bearish candlestick pattern, with the lower shadow indicating limited buying support at lower levels. Technical analysis confirms a downward trend with lower highs and lows, suggesting selling pressure dominates. ETH price has decreased by about 3.79% in the last 24 hours, with an RSI of 69.8, nearing overbought conditions, hinting at a possible short-term correction. The price is forming lower highs and lows, reflecting bearish control of the market, with the support level at 3,600 USDT likely to be tested.
- Top Tokens: M, IOTX, and TFUEL have shown impressive performance in the past 24 hours. MemeCore announced its entry into the Korean market through the acquisition of a KOSDAQ-listed company, potentially boosting investor confidence in the M token. IOTX's price increase is mainly attributed to a tweet from its official X account. The tweet mentioned that the White House released its digital asset report based on Executive Order 14178, explicitly referencing DePIN for the first time. TFUEL's price surge in the last 24 hours is primarily driven by developments in the Theta network ecosystem. The full launch of Theta EdgeCloud has enhanced network capabilities, attracting more users and developers, likely increasing demand for TFUEL.
- Alpha Insight: The Ethereum Foundation (EF) website today published an article titled "lean Ethereum," authored by EF researcher Justin Drake, outlining Ethereum's development vision for the next decade. SEC Chairman Paul Atkins recently gave a speech announcing the launch of a commission-level initiative called "Project Crypto," aimed at modernizing securities regulations to promote the on-chain transformation of U.S. financial markets, responding to President Trump's vision of making America the "global crypto hub." Ethereum infrastructure protocol Puffer Finance announced the upgrade of Puffer UniFi AVS.
- Gate Launchpool: Gate platform is conducting a subscription event for MinoTari (WXTM). Users can receive a total of 15,200,000 WXTM airdrops for free by staking USDT or WXTM before August 8, 2025, at 12:00 (UTC). Tari is a digital asset-centric blockchain protocol built in Rust, private by default, open-source, and being designed as a merge-mined sidechain with Monero. Tari is a dual-token, privacy-first blockchain that combines the PoW security of Minotari (XTM) with the layer-2 digital asset programmability of Tari tokens (XTR).
Discover more details today → Ethereum Foundation Outlines Vision for the Next Decade | SEC Announces Launch of
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Gate Team
August 1, 2025
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