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Data: The share of open contracts for ETH compared to BTC has risen to nearly 40%, the highest level since April 2023.

According to Deep Tide TechFlow news on August 3, Glassnode data shows that the open interest in Ethereum has risen to nearly 40%, the highest level since April 2023, and only 5% of trading days have experienced stronger readings.
ETH-1.17%
BTC-0.16%
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According to the news from 深潮 TechFlow on August 3, on-chain analyst AI 姨 (@ai\_9684xtpa) monitored that Large Investors with the address starting with 0x7BE continued to increase their holdings in the HYPE Holdings TOP 75. 20 minutes ago, they deposited 4.07 million USDC to Hyperliquid, which has all been used to purchase HYPE. This increase in holdings has moved them up 8 ranks. Currently, this address holds a total of 487,209.95 HYPE (approximately 18.65 million USD) in the staked portion, with unrealized gains of 1.535 million USD.
HYPE-0.55%
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Beijing explores a mechanism for disposing of virtual money involved in cases, entrusting the Beijing Stock Exchange and selling through a licensed exchange in Hong Kong.

Since China banned Virtual Money trading in 2021, the disposal of involved Virtual Money has become a challenge. The Beijing Public Security Bureau has collaborated with the Beijing Property Exchange to establish a disposal mechanism, achieving coordination among multiple departments to ensure the detection, transfer, and monetization of Virtual Money. On March 29, the relevant protocol has been signed, and the preparatory work is complete.
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According to a report from 深潮 TechFlow on August 3rd, monitoring by Arkham indicated that the Whale address starting with 0xdf has accumulated purchases worth 300 million USD in ETH through OTC Trading with Galaxy Digital over the past 3 days, currently showing unrealized losses of 26 million USD and a fall of approximately 8.7%.
ETH-1.17%
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According to Deep Tide TechFlow news, the Hong Kong RWA registration platform will go live on August 7, as reported by the Science and Technology Innovation Board Daily. Initiated by the Hong Kong Web3.0 Standardization Association, it will provide a comprehensive service system for the entire process of dataization, assetization, and financialization of RWA asset tokenization.
RWA2.63%
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Tom Lee: The fair price of ETH may reach 10,000 to 20,000 USD within the next 12 months, and Wall Street will explore ETH stake.

Ethereum has performed strongly recently, with increased Wall Street interest in ETH. It is expected that the ETH/BTC exchange rate will rebound in the short term. Fundstrat Capital predicts that the fair price of ETH will be between $10,000 and $20,000 over the next 12 months, and in the long term, Wall Street will explore ETH staking.
ai-iconThe abstract is generated by AI
ETH-1.17%
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According to Deep Tide TechFlow news, the communication platform Towns Protocol announced its tokenomics: the total supply of TOWNS Token is 10 billion, with over 10% of the tokens set to be airdropped to early users, partners, and collaborators on August 5.
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According to Deep Tide TechFlow news, on August 3, the Bitcoin re-staking platform SatLayer announced on platform X that the Airdrop sign up for SlayDrop is now open, with a deadline of August 9 at 9 PM Beijing time.
According to previous news, SatLayer has completed an $8 million Pre-Seed round of financing, led by Hack VC and Castle Island Ventures.
BTC-0.16%
VC-0.72%
ISLAND-3.62%
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According to Deep Tide TechFlow news on August 3, Hong Kong Legislative Council member Qiu Dagen stated in an exclusive interview that the core feature of fiat stablecoins is that they must be 100% backed by highly liquid currency-like assets. The main function of fiat stablecoins currently is still international payments, with no opportunity for speculation. During the formulation of the "Stablecoin Regulations," references were made to the U.S., Japan, and the EU's MiCA (Market in Crypto-Assets Regulation), as well as Singapore's Payment Service Act (PSA). The legislation considers internati
ACT1.4%
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According to Deep Tide TechFlow news on August 3, Lookonchain monitored that the whale address 0xab15 opened a 40x leverage BTC long position, with a holdings size of 400 BTC (approximately 45.37 million USD). A take profit target price has been set at 125,000 USD.
BTC-0.16%
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According to Deep Tide TechFlow news on August 3, monitoring by Lookonchain shows that a Whale address starting with 0x3c9E has dumped ETH again. This address deposited 7,500 ETH (approximately 25.58 million USD) into the exchange 5 hours ago, bringing the total amount of ETH sold in the past 3 days to 33,682, worth approximately 119 million USD.
ETH-1.17%
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According to a report from 深潮 TechFlow on August 3rd, monitored by Onchain Lens, as the market suddenly crashed, a certain Whale's DOGE (10x) long position was partially closed, resulting in a loss of 3.09 million USD so far. Currently, the Whale still has a floating loss of 556,000 USD.
DOGE-1.87%
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According to Deep Tide TechFlow news, on August 3, ChatGPT founder Sam Altman posted on the X platform indicating that new models, new products, and new features may be launched in the coming months. However, there may be some minor issues and capacity crises during this period, which may cause some instability, but the market should be able to accept the upcoming new products.
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According to Deep Tide TechFlow news on August 3rd, on-chain analyst AI Yi monitored that a trader opened a BTC 5x long order at a price point of $112891.3 during a big dump 9 hours ago, with a margin of about $6.05 million, marking the first public bullish operation since July 23. It is currently in an unrealized gains state.
BTC-0.16%
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According to a report by TechFlow on August 3, based on data from Bitcoin Office, El Salvador has increased its holdings by 7 Bitcoins over the past 7 days, bringing its total Bitcoin holdings to 6,256.18 coins, with a total value of 708.5 million USD.
BTC-0.16%
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