MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

CryptoQuant analyst Axel Adler Jr has released his August Bitcoin market outlook, noting BTC is currently around 50% off its cycle peak of $126,200 hit in October 2025, with its price approaching the on-chain aggregate holding cost, and expects the cryptocurrency will likely trade sideways in August. The report outlines three scenarios: The base case (55% probability) sees BTC moving between $57,700 and $67,000, ending the month at $60,000 to $64,000. The bear case (30% probability) would see BTC break below $57,700, further testing the on-chain realized price of roughly $52,800. The bull case (15% probability) requires BTC to hold above $67,000, supported by sustained ETF inflows, falling US Treasury yields, and a weaker dollar, with a target range of $71,000 to $74,000. While BTC’s current valuation is near its on-chain cost zone and spot Bitcoin ETFs remain net inflows, providing market support, high interest rates, elevated US Treasury yields, and a strong dollar continue to cap upside for risk assets. The report also warns to monitor August macro events including US nonfarm payrolls, CPI, and the Jackson Hole Economic Symposium for their impact on market liquidity.

Robinhood is advancing the listing of its Robinhood Ventures Fund II (RVII), offering retail investors access to invest in Y Combinator seed-stage startups. The fund is issuing 7.6 million shares at $25 apiece, targeting a maximum raise of $200 million, and is scheduled to list on the New York Stock Exchange (ticker: RVII) on August 13, pending regulatory approval. Unlike Fund I, which went public in March, RVII will focus on seed-stage startups—including projects currently or formerly incubated by Y Combinator, as well as companies founded by YC alumni. The fund already holds stakes in 80 private companies, charges a 2% annual management fee plus a 20% performance fee, with a total annual expense ratio of roughly 4.18%. Robinhood labels the portfolio as "speculative," noting it carries "significant risk of loss" and does not provide redemption rights. The subscription window closes on August 12, with Goldman Sachs acting as the lead underwriter.

According to Bitget market data, spot gold has surged $100 intraday, currently quoted at $4177.78 per ounce, with a 2.47% increase.

According to Bitget market data, South Korea’s KOSPI index closed 239.3 points higher on Wednesday, August 5, notching a 3.76% gain to end at 6598.25 points. The country’s KOSDAQ index rose 2.41%, with SK Hynix up 5.77% and Samsung Electronics climbing 2.5%. Japan’s Nikkei 225 index closed 2342.91 points higher on the same day, a 3.66% increase to 66300.44 points; SoftBank surged 13% and Kioxia gained 4.8%.

According to South Korea’s Digital Daily, Apple has recently held negotiations with Changxin Memory Technologies over supply prices for mobile DRAM such as LPDDR5X, seeking to cut costs for its next-generation iPhones and smart devices. However, its further demand for price reductions was rejected. Changxin reportedly insists on offering quotations comparable to or even higher than those of Samsung Electronics and SK Hynix. Chinese manufacturers including Huawei and Xiaomi are locking in Changxin’s production capacity in advance through high-priced long-term contracts, meaning Changxin does not need to accept lower prices to compete for Apple’s orders. As DRAM supply tightens, the strategy of global terminal vendors pushing down procurement prices by leveraging low-cost Chinese components is becoming ineffective. With major memory manufacturers shifting more production capacity to HBM, output of general-purpose DRAM such as DDR5 and LPDDR5X has declined, driving continuous price increases for these products. Changxin absorbs a large volume of general-purpose DRAM demand from the Chinese market, also easing the pressure on Samsung Electronics and SK Hynix to dispose of low-priced products. Samsung Electronics and SK Hynix are concentrating resources on high-value-added AI storage products including HBM4, LPCAMM2, and enterprise-grade SSDs, and will gain stronger bargaining power in long-term price negotiations with global large tech companies in the second half of the year.

Another whale, 0x3ad3, spent $1M to buy 16.02M $CASHCAT.