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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Gate Research Institute: Aave borrowing scale hits a new high | Circle launches Layer 1 Blockchain Arc
Encryption Assets Panorama
BTC (+0.22% | Current Price 119,260 USDT)
After gaining support around $118,000, BTC quickly surged and broke through $120,000, reaching a high of $122,200. However, the upward slope of the short-term moving average (MA5) has noticeably slowed, and it is approaching MA10, creating a risk of a potential death cross. If the subsequent movement does not see a significant increase in trading volume to restart the upward trend, the short-term bullish momentum may continue to weaken, raising the probability of high-level fluctuations or a technical correction. Currently, it is crucial to pay close attention to the support around $118,000; if it fails to hold and the trading volume shrinks, it could trigger further declines. Conversely, if there is stable volume, it may alleviate the pressure from the moving average death cross and continue the upward trend.
Moreover, on August 12, the net inflow of BTC ETF reached $65.9 million in a single day, with BlackRock's IBIT inflowing $111 million and Ark's ARKB outflowing $23.9 million. Despite some ETFs experiencing capital outflows, the net inflow led by IBIT significantly outweighed the outflows, indicating that mainstream funds still prefer to increase their holdings of BTC.
ETH (+7.09% | Current Price 4,577 USDT)
After stabilizing around the $4,200 level, the ETH price broke through $4,600 with increased volume, reaching a high of $4,638. The short-term moving averages continue to diverge bullishly, with the MACD red bars expanding, indicating good momentum continuity. The current price is above all major moving averages, and the trend structure is solid. If the $4,580–$4,600 range support holds, it is likely to challenge $4,650–$4,700 in the short term; conversely, if it falls below $4,550, it may enter a corrective adjustment.
In addition, on August 12, the net inflow of ETH ETFs reached $523 million in a single day, with BlackRock's ETHA inflow at $318 million and Fidelity's FETH inflow at $144 million, indicating that institutional funds are continuously increasing their positions in ETH. Such large-scale net inflows are often accompanied by strong buying power, providing significant support for ETH's price in the short to medium term.
GT (+1.29% | Current Price 16.745 USDT)
The GT price stabilized around $16.3 after a pullback and then moved upward, breaking through the long and short-term moving averages, and consolidating around $16.7. The short-term moving averages are in a bullish arrangement, reflecting a short-term bullish momentum advantage. The MACD has turned into a red bar, with the DIF running above the DEA and momentum continuing to expand, indicating strong buying sentiment. However, the length of the red bars is stabilizing, suggesting that bullish momentum may slow down, and attention should be paid to the sustainability of short-term funds. If the price holds above $16.7, there is still room for a short-term rise; conversely, if it falls below MA5 accompanied by a decrease in volume, a technical correction may occur.
Daily Price Fluctuation Tokens
Most tokens continue to rise strongly, with market sentiment high and capital activity significantly increased. Among them, CYBER leads the pack with a 48.28% increase, becoming the market focus; tokens such as FARTCOIN, QUBIC, and DEEP all saw increases of over 14%, also attracting a lot of capital attention. In contrast, ALPINE fell by 20.63%, underperforming the market clearly and becoming one of the few tokens to move against the trend.
CYBER Cyber (+47.20%, Circulating Market Cap $125 million)
According to the market data from Gate, the current price of the CYBER token is $2.7980, with an increase of approximately 47.20% in the last 24 hours. Cyber is a Layer 2 network aimed at social scenarios, enabling developers to build decentralized applications by extending the focus of Web3 beyond the financial sector, thus redefining how people connect, create, monetize, and share value.
Recently, the project team collaborated with Surf.AI to launch Surf Copilot—a cryptocurrency AI assistant used by top funds, research institutions, and exchanges, which has garnered significant attention from the community and industry. At the same time, on August 12, a certain exchange added the CYBER/USDT trading pair and opened trading, resulting in a significant increase in trading volume and capital inflow. Under the dual catalyst of new listings and application narratives, the price of CYBER quickly surged from a low point, with a maximum increase of over 50%, and trading volume expanded simultaneously, demonstrating strong bullish buying pressure.
FARTCOIN Fartcoin (+20.93%, circulating market cap 1.047 billion USD)
According to Gate market data, the current price of FARTCOIN token is 1.0733 USD, with a 20.93% increase in the last 24 hours. Fartcoin is a meme token based on the Solana ecosystem, which has gained significant attention and activity in a short period due to its unique community culture and social media operations.
The logic behind this round of increase mainly comes from both macro and micro aspects: On the macro level, the Solana ecosystem's popularity continues to rise, combined with interactive activities such as Solana SpinFest launched by exchanges, which brings additional exposure and user incentives to ecosystem tokens, forming a positive cycle of funds and popularity; on the micro level, the high-frequency marketing and topic operations of the Fartcoin community, coupled with active transactions on mainstream platforms, attract short-term funds to concentrate inflow, thereby amplifying price fluctuations. Overall, Fartcoin possesses dual advantages of fund popularity and trading activity in the Meme track, combined with the background of the Solana ecosystem's recovery, making it one of the outstanding tokens in recent performance.
QUBIC Qubic (+14.88%, circulation market value 338 million USD)
According to Gate.io market data, the current price of the QUBIC token is $0.0000027730, having risen approximately 14.88% in the last 24 hours. Qubic is a new type of computing network based on Proof of Work (PoW), which has recently sparked widespread discussion due to achieving over 51% of the total network hash rate in the Monero network.
This event has become the core catalyst for the price increase. On one hand, Qubic theoretically has the capability to take over the Monero network, validating its computational power deployment strength and raising concerns about PoW security and governance. On the other hand, the official frequently launches the "From Waste to Worth" narrative, criticizing the inefficiency of traditional PoW and proposing a vision for expanding the value of computational power, which has received positive feedback from the market. Under this dual stimulation, QUBIC has rapidly surged from a low position, with significant increases in funds and trading volume.
Hot Spot Interpretation
Aave's borrowing scale has surpassed 25 billion dollars, setting a new historical record.
The total active borrowing amount of the decentralized lending protocol Aave recently exceeded 25 billion dollars, setting a new historical record, showing that the demand for DeFi lending has rapidly climbed in the recent market recovery. At the beginning of this year, Aave's borrowing scale once fell to around 10 billion dollars, but as the prices of ETH and major encryption assets rose, the opportunities for arbitrage and leverage increased due to greater market volatility, and the demand for stablecoin lending continued to grow, the total borrowing amount has shown an accelerated growth trend since the second quarter, climbing from 15 billion dollars to the current level in just two months.
The driving factors behind this round of growth have become more diverse. In addition to the leverage demand brought about by rising market prices, the increased borrowing utilization rate of RWA-type stablecoins, as well as the risk management mechanisms such as the isolated mode and eMode introduced by Aave, have also enhanced capital utilization efficiency and risk control capabilities to a certain extent. This means that even during a potential pullback period, Aave's capital retention rate may still be more resilient than in the past.
Overall, the record high borrowing scale of Aave not only reflects a warming of market risk appetite but also indicates that a structural upgrade in the DeFi lending sector is occurring, shifting from a single price speculation-driven model to a multi-asset and multi-scenario funding demand. This has a profound impact on the platform's long-term stable growth and the competitive landscape of the industry.
Circle enters the public chain field, Arc focuses on stablecoins and institutional-level financial scenarios.
Stablecoin issuer Circle (NYSE: CRCL) announced the launch of a new Layer 1 blockchain called Arc, designed specifically for stablecoin financial scenarios, when releasing its Q2 2025 financial report. The report shows that USDC circulation increased by 90% year-on-year to $61.3 billion, with total revenue and reserve income growing by 53% to $658 million; impacted by non-cash expenses related to the IPO, the net loss was $482 million. In the second quarter, it completed a $1.2 billion IPO and continues to expand the stablecoin application ecosystem.
Arc is fully compatible with EVM and adopts the high-performance Malachite consensus engine developed by Informal Systems, which can complete transaction confirmations in sub-second levels and uses USDC as the native Gas, effectively reducing the risk of fee fluctuations. The platform also has a built-in institutional-level RFQ foreign exchange engine, supporting 24/7 cross-stablecoin atomic swaps, and provides optional privacy protection features to meet corporate needs in compliance and data security. Arc is deeply integrated with Circle's payment network, wallets, and cross-chain bridge CCTP, creating a closed-loop ecosystem for stablecoin applications.
The official plan is to launch the private test network in the coming weeks and to introduce the public test network in the fall, preparing for the Beta version of the mainnet in 2026. With low latency, high stability, and financial native functions, Arc is expected to become the core infrastructure for cross-border payments, DeFi, and on-chain settlement, accelerating the on-chain circulation and application scenario expansion of USDC. This will not only enhance Circle's competitiveness in the stablecoin sector but may also provide a safer and more efficient deployment environment for institutions and developers.
RWA public chain MANTRA Chain testnet achieves EVM compatibility, mainnet scheduled to launch in September.
MANTRA announced that its testnet has achieved full EVM compatibility, positioning itself as the first MultiVM Layer 1 blockchain designed specifically for RWA, with plans to launch its mainnet in September. During the initial phase of the mainnet launch, various RWA projects, including financing for electric bicycle fleets in Dubai, will be supported through the MANTRA.finance platform, showcasing its ability to integrate real-world assets with on-chain finance. The official roadmap indicates that the team plans to continue expanding the ecosystem from Q4 2025 to Q1 2026, introducing more decentralized applications (dApps) and partners; starting in Q2 2026, it will launch yield tokens based on real-world assets and build a secondary liquidity market to enhance asset trading and yield distribution mechanisms.
In addition, MANTRA has reached a strategic partnership with Inveniam and secured a $20 million investment to promote the on-chain process of real-world assets. This move not only provides funding support for its technology and ecological expansion but also lays the foundation for establishing competitive barriers in the RWA space. With the rising demand for compliance and increased institutional participation, the RWA sector is expected to become an important engine for the next stage of DeFi growth. MANTRA established a differentiated positioning of "compliance + multi-virtual machine + RWA focus" early on and is advancing simultaneously through financing, ecological cooperation, and product implementation, likely to gain a first-mover advantage in the RWA and compliant DeFi market.
Reference Material:
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