According to an analysis released by 10x Research on Odaily Planet Daily, Bitcoin quickly rebounded to $117,000 after dipping to $111,643 on August 7, hitting the key breakout level retest target mentioned in a previous report and reigniting trading interest. The current market faces challenges such as compressed volatility, seasonal weakness, and insufficient macro drivers. Trump's recent push for 401(k) crypto investments and boosted interest in gold may lead to a shift in sentiment. Ethereum's active address count hit a new high, and the price rose, but this was largely driven by narrative. Both are at key technical hurdles, potentially leading to a large-volume breakout or a sharp pullback.

Odaily Planet Daily News: Binance Alpha will list Baby Shark Universe (BSU) on August 9. Eligible users can claim the airdrop using Alpha Points on the Alpha event page after trading opens. More details will be announced soon.

According to Odaily Planet Daily, ETF expert Nate Geraci, former president of The ETF Store and current president of NovaDius Wealth Management, posted on the X platform that BlackRock is expected to submit an XRP ETF application to the U.S. Securities and Exchange Commission after Ripple's appeal case is resolved to promote the diversification of cryptocurrency ETF investment portfolios. However, Nate Geraci specifically clarified that if his prediction was wrong, he was willing to take responsibility, but he admitted that it was meaningless to ignore crypto assets other than Bitcoin and Ethereum, otherwise it would be like telling the market that only BTC and ETH are valuable. According to previous news, both parties in the lawsuit between the US SEC and Ripple gave up their appeals, and the relevant rulings remained unchanged.

Odaily Planet Daily News: Block, the payment platform owned by Twitter co-founder Jack Dorsey, released its second-quarter financial report data showing that the company increased its holdings of 108 BTC in the second quarter of this year, and its Bitcoin holdings reached 8,692 at the end of June.

According to Lookonchain, an institution created a new wallet and received 10,396 ETH (approximately $40.6 million) from FalconX in the past two hours. Over the past four days, the institution created six wallets and received a total of 171,015 ETH, worth approximately $667 million, from FalconX, Galaxy Digital, and BitGo.

According to an official announcement from Odaily Planet Daily, the British listed company The Smarter Web Company increased its holdings by 50 bitcoins, bringing its total holdings to 2,100.