Stablecoin Total Market Cap Grew by 2.63% in the Last 7 Days, Surpassing $283.4 Billion
On August 30th, based on the data from DefiLlama, the current total market capitalization of stablecoins across the entire network is reported to be $283.93 billion, showing a 2.63% increase in the past 7 days. Among them, USDT accounts for 59.12% of the market share.
2 hours ago
Ethereum Co-founder: ETH Price Could Surge 100x in the Future, or Even More
On August 30th, Joseph Lubin, the co-founder of Ethereum and the CEO of ConsenSys, stated that Wall Street will participate in staking because they are currently incurring costs for their infrastructure. Ethereum will replace many of the independent systems they operate (for example, JPMorgan Chase may operate multiple independent systems from banks it has acquired and absorbed).
Wall Street firms will need to transform into traditional financial companies operating on a decentralized track, which means engaging in staking, running validation nodes, operating L2/L3, participating in decentralized finance (DeFi), and writing smart contracts for protocols, processes, and financial tools. The perception that L2 will cannibalize L1 will soon be disproven, as demonstrated in projects like Linea and Proof of Burn.
The price of ETH may increase by 100 times or even more in the future. ETH will surpass BTC as the monetary base. Tom Lee and I have a good relationship, and the only difference
2 hours ago
The current mainstream CEX and DEX funding rate displays a continued market divergence, with both bearish and neutral sentiments coexisting.
On August 30th, based on Coinglass data, the current funding rates of mainstream CEX and DEX are showing a continuous divergence in the market, with a combination of bearish and neutral sentiments. The specific funding rates for mainstream coins are as shown in the attached image.
BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
2 hours ago
China Financial Leasing Group has disclosed its investment in BlackRock and a Hong Kong-listed Bitcoin and Ethereum ETF.
On August 30th, as per an announcement from the Hong Kong Stock Exchange, the Hong Kong-listed company China Financial Leasing Group presented its interim performance report dated June 30, 2025. The report revealed that the continuous weakness of the US dollar has led to the strengthening of Bitcoin. The company has started to pay attention to the cryptocurrency market and has begun to make investments in the cryptocurrency industry. Specifically, it is holding physical cryptocurrency instead of synthetic products on relevant exchanges and trading platforms. The current main investments comprise: South East England Hong Kong Dollar Money Market ETF, BlackRock iShares Bitcoin Trust ETF, Huaxia Bitcoin ETF, iShares Ethereum Trust ETF.
Previously reported, Cai Wensheng acquired shares of China Financial Leasing at a premium and will focus on AI, Web3, and Hong Kong technology incubation.
2 hours ago
X Layer's on-chain transaction volume in the last 24 hours reached $10.58 million, representing a 12.81% decrease compared to the previous period.
On August 30th, based on geckoterminal data,
X Layer showed a 24-hour on-chain transaction volume of $10.58 million, which was a 12.81% decrease compared to the previous period and had a total of 94.6K transactions.
The market capitalization of the meme coin XDOG reached $8.31 million, with a 4.8% decrease in the 24-hour price.
BlockBeats reminds users that meme coin prices are highly volatile. Please be cautious about asset protection and avoid the fear of missing out (FOMO).
2 hours ago
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