📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The cryptocurrency market has recently exhibited an interesting cyclical pattern, showing upward trends starting on Sunday afternoons for several consecutive weeks. This Sunday, Bitcoin (BTC) has once again begun to rebound according to this pattern, with strong upward momentum on the hourly chart, currently approaching the $115,000 mark.
Ethereum (ETH) has performed exceptionally well, breaking through the $3500 mark once again, with the market widely关注ing its further performance this week. Meanwhile, Solana (SOL) has risen in line with the overall market trend, and its on-chain activity has significantly increased.
In terms of macroeconomics, the U.S. Trade Representative stated that the tariff policy framework has been basically determined. This wave of growth in the encryption market contrasts sharply with it, prompting investors to reflect on the impact of global economic policies.
Trump-related news has also become a market focus. Trump Media's stock price fell, with the company reporting a quarterly loss of $20 million, while hinting at the possible launch of a "utility token." In addition, Trump is actively seeking the next Federal Reserve Chair candidate with Bessent, a news that has sparked speculation in the market regarding the future direction of monetary policy.
In the cryptocurrency industry, FTX creditor Sunil revealed that the SBF case is scheduled for trial on November 3, 2025. This postponement has sparked discussions about cryptocurrency regulation and judicial processes. Meanwhile, Michael Saylor stated that Bitcoin is a trading asset in the short term and a reserve asset in the long term, reflecting differing views within the industry on the positioning of Bitcoin.
According to Glassnode data, the open interest share of ETH compared to BTC has risen to nearly 40%, the highest level since April 2023, reflecting increased investor confidence in Ethereum. At the same time, a large amount of ETH is flowing in and out of the Ethereum PoS network, indicating an increase in network activity.
In Hong Kong, the RWA registration and registration platform will be launched on August 7, marking another advancement for the Asian financial center in the field of digital assets.
Finally, Fundstrat's Tom Lee is optimistic about the prospects of Ethereum, predicting that the fair price of ETH may reach $10,000 to $20,000 within the next 12 months, and believes that Wall Street will further explore ETH staking business.
Overall, despite the many uncertainties facing the global economy, the cryptocurrency market still exhibits remarkable resilience and vitality. Investors need to closely monitor market trends and weigh risks against opportunities.