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- 08:17Inflation and currency collapse drive a surge in cryptocurrency adoption in VenezuelaJinse Finance reported that as Venezuelan citizens turn to digital assets to hedge against currency collapse and tighter government controls, cryptocurrency is becoming a core component of the country's economy. According to the Chainalysis 2024 Cryptocurrency Adoption Index Report, Venezuela ranks 13th globally in cryptocurrency adoption, with the report noting that the country's cryptocurrency usage increased by 110% within a year.
- 08:13Trend Research: ETH Market Cap Expected to Surpass BTC Within 1–2 Bull and Bear CyclesOn August 27, LD Capital's secondary investment institution, Trend Research, stated in its latest report: From the perspective of supply and demand, the current institutional consensus has generated a demand for ETH that far exceeds the supply from unstaking. We believe that a long-term situation of full unstaking is unsustainable. With the further implementation of crypto-friendly policies and Wall Street reaching a consensus on the long-term value of ETH, the "rush to buy" ETH has only just begun. As the interest rate cut cycle approaches, we have raised our long-term target price for ETH, and believe that ETH's market capitalization will surpass BTC's within one to two bull-bear cycles.
- 07:56Currently, the funds held by Solana (SOL)-related treasuries exceed $820 millions.According to a report by Jinse Finance, a chart released by Sentora (previously IntoTheBlock) shows that the current treasury holdings related to Solana (SOL) exceed $820 million. In comparison, the treasury holdings related to Ethereum (ETH) were at a similar level in April this year, but have since grown to nearly $20 billion.