1. The median length of time players hold their tokens in on-chain PvP is decreasing, currently only around 60 seconds. 2. Cardano will allocate more than $71 million to promote protocol upgrades; 3. Metaplanet purchased approximately $53.7 million worth of Bitcoin, bringing its total Bitcoin purchases to approximately $1.78 billion. 4. Lido Co-founder: Decided to reduce the size of the contributor team, affecting approximately 15% of employees; 5. USDe's market capitalization rose to $9.293 billion, an increase of more than 75% in the past month; 6. Fluid’s 24-hour trading volume on the Ethereum mainnet surpassed Uniswap for the first time; 7. Eugene: The crypto reserve craze is the last chance for a massive alt season, currently nearing its peak but not yet over; 8. British fintech company Revolut's banking license approval was blocked; 9. Seven consecutive weeks of net inflows came to an end, with Bitcoin spot ETFs experiencing a net outflow of $643 million last week.

According to Odaily Planet Daily, the Cardano community has approved the "IOE Roadmap" proposal with 74.01% support. The proposal will allocate approximately 96,817,080 ADA (equivalent to approximately $71 million) from the treasury to fund core protocol development, with a focus on technical upgrades in scalability, developer experience, and interoperability.

According to SoSoValue data from Odaily Planet Daily, with tariff negotiations looming and macro market uncertainties increasing, crypto market sentiment has been depressed, with all sectors suffering losses, ranging from 2% to 6%. Only the SocialFi sector bucked the trend, rising 1.65%. Within the sector, Toncoin (TON) saw three consecutive days of gains, with a 24-hour increase of 2.39%. Furthermore, Bitcoin (BTC) fell 2.07%, falling below $116,000, and Ethereum (ETH) dropped 3.20%, falling to $3,700. In other sectors, the CeFi sector fell 0.60% in the past 24 hours. Within the sector, MX was relatively strong, rising 1.86%; the Layer 1 sector fell 2.50%, Solana (SOL) and Cardano (ADA) fell 4.59% and 4.74% respectively; the PayFi sector fell 3.51%, and Safe (SAFE) fell 7.03%; the DeFi sector fell 5.17%, and Saros (SAROS) rose 3.94% during the session; the Meme sector fell 5.19%, but MemeCore (M) rose sharply by 17.75%; the Layer 2 sector fell 5.57%. At the same time, the crypto sector index, which reflects the historical market trends of the sector, showed that ssiSocialFi rose 2.26% in 24 hours, while ssiCeFi and ssiLayer 1 indices fell 0.58% and 2.88% respectively.

Odaily Planet Daily reported that the Chicago Board Options Exchange (CBOE) submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) on July 31, suggesting that cryptocurrency ETFs that meet standardized conditions can skip the case-by-case approval process and be automatically listed directly. According to the proposal, ETFs tracking crypto assets with a proven futures trading record of at least six months on a regulated market would qualify for listing. The proposal also imposes regulatory requirements on collateralized ETFs, requiring them to develop liquidity risk management plans when more than 15% of a fund's assets cannot be immediately redeemed. This proposal could benefit crypto assets like Solana and Cardano that rely on collateralization mechanisms. (Dlnews)

According to SoSoValue data, the crypto market, after a brief rebound, has experienced another broad correction, with declines ranging from 2% to 6%. The AI sector led the decline, with a 24-hour drop of 6.75%. Within the sector, Virtuals Protocol (VIRTUAL) fell 15.01%, Worldcoin (WLD) dropped 7.99%, and AI 16 Z (AI 16 Z) dropped 9.89%, respectively. Furthermore, Ethereum (ETH) fell 2.17%, falling below $3,800. Bitcoin (BTC) dropped 0.99%, retreating to $117,000. In other sectors, the CeFi sector fell 1.87% in 24 hours, of which Binance Coin (BNB) fell 2.52%; the Layer 1 sector fell 3.20%, and within the sector, Cardano (ADA) and Sui (SUI) fell 5.30% and 8.88% respectively; the PayFi sector fell 3.88%, Stellar (XLM) and Telcoin (TEL) fell 6.57% and 8.74% respectively; the DeFi sector fell 5.20%, PancakeSwap (CAKE) and Jupiter (JUP) fell 10.34% and 12.06% respectively; the Layer 2 sector fell 5.41%, Celestia (TIA) and Stacks (STX) fell 8.85% and 9.45% respectively. In addition, the RWA sector fell 5.80%, but Keeta (KTA) rose 8.45% against the trend; the Meme sector fell 5.98%, Pump.fun (PUMP) and Mog Coin (MOG) fell 12.13% and 13.09% respectively, and Fartcoin (FARTCOIN) fell 16.87%. The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiAI, ssiGameFi, and ssiDePIN indices fell 7.22%, 6.15%, and 5.89% respectively in the past 24 hours.

Odaily News According to SoSoValue data, all sectors of the crypto market continued to rise. Ethereum (ETH) rose 3.26% in 24 hours, breaking through $3,800, and has risen for 8 consecutive days. After hitting a record high of $123,000, Bitcoin (BTC) has maintained a narrow range of fluctuations in the past week and is now trading at $117,000. At the same time, driven by the continued rise of ETH, XRP, etc., MAG7.ssi rose by 2.49%, breaking through 1 USDT. In addition, DEFI.ssi rose by 4.25%. MEME.ssi rose by 8.50%. Other sectors with outstanding performance include: DePIN sector rose 4.92% in 24 hours, among which Render (RENDER) rose 5.45%; Layer2 sector rose 4.74%, and within the sector, ImmutableX (IMX) and Celestia (TIA) rose 6.92% and 8.33% respectively; Meme sector rose 4.51%, Dogecoin (DOGE), dogwifhat (WIF), and MemeCore (M) rose 7.23%, 11.89%, and 30.03% respectively. In addition, the RWA sector rose 3.22% in 24 hours, Keeta (KTA) and MANTRA (OM) rose 16.09% and 48.75% respectively; the DeFi sector rose 2.86%, Ethena (ENA) rose 11.59%; the PayFi sector rose 2.34%, Litecoin (LTC) rose 4.83%; the Layer1 sector rose 2.33%, Cardano (ADA) rose 3.37%; the CeFi sector rose 1.74%, and Hyperliquid (HYPE) rose 3.08%. The crypto sector index, which reflects the historical trends of the sector, shows that the ssiDePIN, ssiGameFi, and ssiMeme indices rose by 5.38%, 5.09%, and 5.04%, respectively, in the past 24 hours.

Odaily News Cardano founder Charles Hoskinson said that the audit report of ADA holdings of his company Input Output Global (IOG) is taking shape and is expected to be made public in mid-August. He revealed that he had received a draft and asked for more details and background content. The audit report will be released through a dedicated website and he will interpret it in full through live broadcast. Charles Hoskinson reiterated that he had not manipulated on-chain data or misappropriated funds, and is discussing legal options with lawyers to deal with defamation charges.

Odaily News According to Whale Alert, a transaction on the Cardano network paid 3,700,001 ADA (US$3.03 million) in fees.

Odaily News According to SoSoValue data, three cryptocurrency bills were passed by the House of Representatives, and all sectors of the crypto market rose, with the general increase of about 2% to 6%. Among them, the PayFi sector rose sharply by 17.06% in 24 hours, driven by the positive news that the "Genius Act" was passed and is expected to be signed by Trump on Friday. Within the sector, Stellar (XLM) and XRP rose by 11.42% and 18.15% respectively. In addition, ETH rose by 5.85%, breaking through $3,500. It is worth noting that as the core component of MAG7.ssi, the strong upward movement of XRP and ETH has pushed MAG7.ssi to continue to rise. As of press time, the 24-hour increase has reached 6.37%, approaching the 0.98 USDT mark. In addition, DEFI.ssi rose by 6.49% and MEME.ssi rose by 2.56%. In other sectors, the Layer2 sector rose 5.73%, and within the sector, Mantle (MNT) rose 11.86%; the DeFi sector rose 4.56%, among which Uniswap (UNI), Ondo Finance (ONDO), and Chainlink (LINK) rose 13.01%, 13.31%, and 13.69% respectively; the Layer1 sector rose 4.31%, Cardano (ADA) and Hedera (HBAR) rose 14.24% and 24.44% respectively; the Meme sector rose 2.95%, Fartcoin (FARTCOIN) and Dogecoin (DOGE) rose 9.53% and 9.86% respectively; the CeFi sector rose 1.70%. The crypto sector index, which reflects the historical trends of the sector, shows that the ssiPayFi, ssiDeFi, and ssiRWA indices rose 17.92%, 8.44%, and 6.91% respectively in 24 hours.

Odaily News The Cardano Foundation released a report revealing that as the price of cryptocurrencies rises, the value of its crypto assets has increased from $478.24 million to $659.1 million. Bitcoin currently accounts for about 15% of its holdings, while ADA's share of its holdings has dropped from 83% to 77%. The Cardano Foundation stated that the main source of income is currently staking rewards. In 2024, the foundation held 599.2 million ADA and received a total of 17.1 million ADA, with a return rate of 2.7%. (CoinDesk)