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Base fortifies its dominant position among Ethereum layer-2 peers. Base TVL and DEX volume spike as daily transactions surge above 10 million TXs A network performance recap as the markets recover. Why these observations are essential highlight where most of the liquidity is passing through.





Share link:In this post: Ether jumped 25% this week, its biggest gain since May 2021. Bitcoin held above $100,000 and ended its fourth straight week in the green. Solana rose 14.3% this week after a two-day surge of 16%.

ETH breaks $1,860 resistance, eyes $3,000 and $4,000 as bullish momentum builds. On-chain data shows $21.35B in ETH open interest, signaling strong market demand. ETH derivatives show bullish bias, with long/short ratios above 2.0 on major exchanges.

Smart money holders of PEPE dropped from 32 to 17, reducing holdings by over 1.4 trillion tokens since June 2024. PEPE price fell 70% from 2025 high. Now trading near $0.00001231 with reduced volatility and cautious buying, growing by over 15% in a day. Whale transactions surged to 128 on May 6, signaling renewed high-value activity amid market stabilization.

SHIB price surged 11% to $0.00001400 as whale inflows hit 6.42T tokens in a 2,952% spike on May 7. Shiba Inu’s open interest climbed 20.72% to $182.67M while trading volume jumped 81.79% in 24 hours. SHIB burn rate soared 4,834% with 15.8M tokens destroyed, aiming to cut its 589T circulating supply.

- 23:18U.S. Treasury Secretary Bessent: New Federal Reserve Chair Nominee May Be Announced in December or January Next YearAccording to Jinse Finance, U.S. Treasury Secretary Bessent stated that a new nominee for Federal Reserve Chair may be announced in December or January next year. (Jin10)
- 23:07Trump Once Considered Breaking Up Nvidia, Exchanges Praise with Jensen Huang at AI SummitAccording to a report by Jinse Finance, U.S. President Donald Trump stated at an artificial intelligence summit held in Washington on Wednesday that he had considered breaking up Nvidia (NVDA.O) to increase competition in the AI chip sector, but later realized "it's not that easy." Trump said, "Before I learned the facts, I said, 'Look, we're going to break this guy up.'" He noted that his aides told him this would be "very difficult," and that the company holds a significant advantage over all its competitors, which would take years to overcome. Trump remarked, "I thought we could break them up a bit to boost competition, but then I found out it's not that easy." Trump went on to praise Nvidia CEO Jensen Huang, who was also present at the event. Earlier that day, Huang had commended Trump’s approach to artificial intelligence on stage, saying, "America’s unique advantage is something no other country can have, and that is President Trump."
- 23:07Leading Fund Companies Accelerate Expansion of Tokenized FundsAccording to Jinse Finance, with the official implementation of Hong Kong's "Stablecoin Regulation" on August 1, market participants, including institutions and licensed exchanges, are actively preparing for the changes. Recently, the Hong Kong subsidiary of China Asset Management has launched its second batch of tokenized funds. At the same time, licensed exchanges are also preparing to offer institutional investors one-stop services such as license upgrades, stablecoins, RWAs (real-world assets), and tokenization. (Shanghai Securities News)