Bitcoin Surges to Touch $114,000

On August 5th, the Chief Business Economist of Standard & Poor's Global stated that in July, the robust growth in business activities within the U.S. service sector served to offset the slowdown in manufacturing. This indicates a strong commencement to economic growth in the third quarter, which is a source of encouragement. Although the average GDP growth rate in the first half of 2025 was 1.25%, the July PMI suggests that the economic growth rate will double to approximately 2.5%. (FX678)

On August 5th, the second mobile phone of Solana Mobile, Seeker, began shipping on August 4th. The current number of pre-orders has exceeded 150,000, far exceeding its predecessor Saga. The device is priced at $450 and comes with a native crypto wallet and a decentralized app store, enhancing on-chain use cases. Solana is expected to generate at least $67.5 million in revenue from this. Solana Mobile General Manager Emmett Hollyer stated that Seeker has witnessed significant upgrades in both hardware performance and on-chain functionality compared to Saga, reflecting Solana's strategic direction of continuously focusing on the mobile sector. BiyaPay analysts pointed out that chain-native hardware, as a crucial entry point connecting users to the blockchain ecosystem, may further enhance user retention and asset activity, providing more direct support for assets like SOL in various applications. Currently, BiyaPay supports the real-time exchange of more than 200 cryptocurrencies, inc

On August 5th, the holdings of Solana Treasury Company Upexi exceeded 2 million SOL. The current total value reached $334 million. In July, Upexi completed a $200 million financing round and acquired more than 1.26 million SOL, resulting in a 172% increase in its managed assets.

On August 5th, as monitored by EmberCN, after partially liquidating his position, the [Four-time ETH Whale with a 75% Win Rate] has reopened his short position in ETH to 50,000 ETH (180 million USD). His previous 50,000 ETH short position, which was partially liquidated last night and in the early morning, had dropped to 24,000 ETH. He then began to sequentially withdraw ETH and ARB from WhiteBIT and Kucoin, sell them on-chain for 7.21 million USDC, and transfer them to Hyperliquid to continue adding to his short position in ETH. Currently, after several additional positions, his short position in ETH has returned to 50,000 ETH (180 million USD) with an entry price of 3639 USD and a liquidation price of 3764 USD.

On August 5th: The ultimate value of the US July Markit Services PMI came in at 55.7. The expected value was 55.2, and the previous value was also 55.2. (Xinhua Finance)

On August 5th, according to Trader T, in July, the market demand for Ethereum amounted to 3 million units: · 50% originated from ETFs (with 78% coming from BlackRock); · 50% came from Ethereum reserve companies (with 41% from Bitmine and 16% from SharpLink).