Cryptocurrency
Traders take ETH from exchanges and invest it in staking Ethereum

According to Glassnode, about 1.1 million ETH were withdrawn from centralized exchanges in the last week. And most users did so for staking Ethereum. This is the largest 30-day drop in Ethereum balances in more than two years.
The last time users took this amount of Ethereum from platforms was in September 2020. At the time, the market was in the heyday of DeFi, and ETH was needed to feed smart contracts.
Centralized exchanges such as Coinbase, Binance and Kraken tried to appease customers. To stem the cryptocurrency exodus, they published reports with proof of reserves. They list the assets the exchanges use as collateral.
Lido-stacking yields soared – benefits of staking Ethereum
Most major exchanges offer Ethereum sterling services, but the industry leader in this regard is the platform Lido. The yield on coins deposited into stacking through Lido has renewed its all-time high and reached 11.33%.
However, there is a nuance. Stacking rewards fall into two categories:
- Execution-level rewards – 7.3%,
- consensus-level rewards – 4%.
Regular Ethereum stackers only receive payouts in the second category (or even less, depending on how much the platform takes over).
The company said that over the past two weeks, the amount of ETH placed on Lido has increased by 95,648 ETH. The platform now holds 32% of all ETH placed on the stack, and its market value for those coins is $5.9 billion.
The Lido stETH token, which is issued in exchange for ETH deposited on the stacking platform, in theory equates to the value of ether. However, the stETH/ETH exchange rate dropped slightly to 0.9859 amid the turbulent events of the previous week. This meant that ETH was worth more than its stacking equivalent.
Also, over the past two weeks, the volume of sterling coins increased in networks such as Ethereum, Polkadot, and Kusama, but decreased in Solana and Polygon.
beaconcha.in currently reports 14.95 ETH in stacking. This amount is estimated to be about $18.6 billion and represents 12.4% of the total coins in circulation.
Earlier, we reported that Bitget had allocated $5 million to help affected FTX users.
Cryptocurrency
Coinbase Tanks 11% Pre-Market After $1.5B Q2 Revenue Miss

Coinbase shares fell sharply after the company reported second-quarter earnings that missed expectations. Total revenue for the quarter came in at $1.5 billion, representing a 26% decline from the previous quarter.
The shortfall was largely driven by weaker-than-expected transaction revenue, which fell 39% quarter-over-quarter to $764 million.
Missing Expectations
In the official release, Coinbase revealed that its subscription and services revenue also declined 6% to $656 million. Despite efforts to reduce variable costs, operating expenses climbed 15% to $1.5 billion. Coinbase attributed this largely to the $307 million hit related to the data breach disclosed in May.
The crypto exchange recorded a net income of $1.4 billion, but this figure included $1.5 billion in pre-tax unrealized gains from strategic investments, including in Circle, as well as a $362 million pre-tax gain from its crypto investment portfolio. On an adjusted basis, net income stood at just $33 million, with adjusted EBITDA reaching $512 million.
Coinbase’s trading activity also underperformed the broader crypto spot market, as global and US crypto spot volumes declined 31% and 32% respectively. Meanwhile, its total trading volume fell 40% to $237 billion, and the consumer segment witnessed a 45% drop to $43 billion.
Consumer transaction revenue plunged 41% to $650 million, as volume shifted toward Simple trades amid low volatility. Institutional transaction revenue also saw a similar pattern, down 38% in both volume and revenue.
While Base Chain activity grew, other transaction revenue dropped 21% as average revenue per transaction declined.
As of the close on the previous trading day, Coinbase (COIN) shares were priced at $377.76, up slightly by $0.28. However, pre-market trading shows a sharp decline, with the stock down $42.30 (-11.20%) to $335.46. This steep drop suggests a strong negative reaction from investors, likely in response to recent earnings results.
Despite grappling with declining revenues and rising costs, Coinbase is doubling down on product innovation.
“Everything App”
Earlier this month, Coinbase rebranded its Wallet as the Base app, launching a crypto-focused “everything app” that merges trading, social media, USDC payments, mini-apps, and tokenized posts.
Announced at its “A New Day One” conference, the app runs on Coinbase’s Ethereum Layer 2 network and integrates Farcaster for social feeds, Zora for post tokenization, and encrypted XMTP chat. Users can earn from tips, interact with AI agents, and make one-tap payments.
The platform also introduced Base Pay for Shopify merchants and plans 1% USDC cashback in the US. The app is in beta, while a full public release and developer tools are expected soon.
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Cryptocurrency
Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?

TL;DR
- Dogecoin dropped to $0.20, moving in a $0.23 to $0.20 range during heavy selling.
- Analysts see support in the long-term channel and a wedge pattern aiming for $0.265.
- Large holders bought 310 million coins, while Bit Origin added 40 million to reserves.
Dogecoin Records Sharp Daily Decline
Dogecoin (DOGE) fell 8% in the past 24 hours, dropping from $0.22 to $0.21. This was one of the steepest daily moves for the token in July. The price action moved within a $0.23 to $0.20 range, facing resistance at the top and heavy selling near the session close.
However, trading volumes spiked, with a midnight surge to 1.25 billion DOGE, which points to large liquidations and cascading sell orders from leveraged positions.
Dogecoin trades at $0.20 as of press time, down 11% over the past week, giving it a market cap of $31 billion.
Long-Term Channel Remains Intact
Trader Tardigrade shared a 1-month chart showing DOGE inside a long-term ascending channel that has held since 2014. DOGE has often bounced from the lower boundary of this channel, shown in pink on the chart.
$Doge/M1#Dogecoin Long term Channel has been established pic.twitter.com/m8nfq29Q8M
— Trader Tardigrade (@TATrader_Alan) August 1, 2025
Meanwhile, the current price is near the lower-middle part of the channel, an area that has led to multi-month rallies when the trend held. Dogecoin’s long-term structure stays intact while it trades within this ascending channel, even after the recent decline.
In addition, Trader Tardigrade also noted that Dogecoin’s monthly candle closed as the third consecutive bullish engulfing candle, which he described as a setup for a potential “move to Valhalla.”
Short-Term Wedge and Institutional Activity
Ali Martinez noted that DOGE may be forming a falling wedge on the 1-hour chart, with a projected target of $0.265. A move above $0.229–$0.230 would confirm bullish momentum, while $0.215–$0.210 remains key support if the wedge fails.
Dogecoin $DOGE could be forming a falling wedge, which projects a target of $0.265! pic.twitter.com/P9WQbMrXfI
— Ali (@ali_charts) July 31, 2025
Institutional wallets acquired 310 million DOGE during the correction. Bit Origin added 40 million DOGE to its treasury under a $500 million diversification program. Broader crypto markets remain pressured by macroeconomic uncertainty, with inflation and equity risk shaping short-term demand.
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Cryptocurrency
Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600

[PRESS RELEASE – Covina, United States, August 1st, 2025]
Within the Ethereum ecosystem, Pepe Dollar ($PEPD) has entered its presale phase. Described as a meme token with integrated utility and cultural references, $PEPD introduces a tokenomics structure intended for long-term application. Certain Ethereum wallet holders have initiated ETH transfers to the presale, indicating early transactional activity.
Overview of $PEPD’s Positioning
Pepe Dollar ($PEPD) enters the market as a parody token referencing central banking themes, aiming to engage users through cultural commentary and decentralized finance (DeFi) mechanisms. Unlike traditional meme tokens, which often adopt simplified or repetitive token structures, $PEPD integrates design elements that combine cultural motifs associated with Pepecoin and components of DeFi architecture.
Comparison to Prior Meme Tokens
Pepe Dollar ($PEPD) enters the Ethereum ecosystem following the emergence of other meme tokens such as Pepecoin ($PEPE), $BONK, $LILPEPE, and $HYPER. The $PEPD model incorporates a tokenomics framework that includes a burn mechanism framed as a commentary on centralization. Its listing on CoinMarketCap has contributed to broader visibility. On-chain data indicates that several large Ethereum wallets have begun transacting with the token during its presale phase.
Pepe Dollar Presale – ETH’s Capital Rotation
Pepe Dollar’s presale architecture and project identity offer a compelling setup:
Presale Fundamentals:
- Current Price: $0.004688
- Tokens Sold: 166,938,905
- Next Presale Price (Stage 2): $0.006495
- Launch Price: $0.03695
Tokenomics and Supply
Pepe Dollar ($PEPD) will have a fixed supply of 3.6951 billion tokens. According to the project, 29% of the total supply is scheduled to be permanently removed at launch through a mechanism termed the “Federal Burn,” which is framed as a symbolic reference to traditional inflationary monetary systems.
Additional details disclosed by the development team include:
- No developer tax mechanisms
- No backdoor unlock functions
- A publicly documented tokenomics model
Ethereum-Native Infrastructure
Pepe Dollar is designed to launch natively on Ethereum and integrate with existing Ethereum-based DeFi tools. The protocol includes functionality to support a meme asset minting platform, enabling users to create, deploy, and govern new assets using $PEPD. The project describes itself as operating at the intersection of cultural commentary and decentralized finance.
Project Links and Official Channels
About Pepe Dollar ($PEPD)
Pepe Dollar ($PEPD) is a decentralized Layer-2 payment infrastructure designed for the meme economy. Positioned as a satirical digital asset, $PEPD offers an alternative approach to traditional financial systems and aims to facilitate value creation within decentralized ecosystems.
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