Over 32% of BTC is produced by listed mining companies. Ethereum releases 002: Blob Expansion Plan.

Bitcoin

Data: Over 32% of Bitcoin is produced by publicly listed mining companies

The latest production data for the second quarter shows that listed and upcoming mining companies are consolidating their share of Bitcoin output. The total market share of these 18 companies has grown from 21.1% in the same period last year to 32.5% in the second quarter. However, this growth is not uniform. The increase in total market share is not comprehensive, but is mainly driven by MARA, Cango, IRE, and CleanSpark, which have significantly increased their hash power, offsetting the losses from those miners who have turned to HPC or experienced stagnant growth.

This week, the net outflow of Bitcoin spot ETFs in the United States was $1.178 billion

According to Farside Investors monitoring, this week the net outflow of Bitcoin spot ETFs in the United States was $1.178 billion, among which: BlackRock IBIT: - 615 million USD; Fidelity FBTC: - 235.3 million USD ; Bitwise BITB: - 60.8 million USD; ARK ARKB: - 182.3 million USD; CoinShares BRRR: - 4.3 million USD; Grayscale GBTC: - 118.1 million USD; Grayscale Mini BTC: - 2.5 million USD; Franklin EZBC: + 13.4 million USD; VanEck HODL: + 26.4 million USD.

The Philippines has proposed a bill aimed at establishing a strategic Bitcoin reserve

According to @pete_rizzo_, the Philippines has just proposed a bill aimed at establishing a strategic Bitcoin reserve.

Spot Bitcoin ETF assets reached a record $134.6 billion at the end of the second quarter

According to a chart published by @cryptounfolded, the assets of spot Bitcoin ETFs reached a record $134.6 billion at the end of the second quarter, thanks to the price increase and new capital allocation. Institutional investors disclosed a position of $33.6 billion through 13F filings, with market makers holding a significant position among the major stakeholders.

Matrixport: The gap between short-term enthusiasm and long-term confidence is rapidly narrowing, and the coming weeks may become a key juncture in determining the Bitcoin trend

Matrixport released its weekly report stating that Bitcoin has reached a new historical high, but the overall momentum appears particularly weak. Key indicators that had been rising continuously have now shown significant divergence, leading the market to doubt the sustainability of this rise. Debt expansion, seasonal factors, and on-chain structural changes are collectively impacting the market. Some data reflects a tendency for profit-taking in the market, while other indicators show that the core driving forces of the bull market are still present. The gap between short-term enthusiasm and long-term confidence is rapidly narrowing, and the coming weeks may become crucial nodes in determining the trend. In the past six weeks, we have maintained a relatively cautious trading stance. The reason is that Bitcoin's recent attempts to break through lack the confidence and follow-through momentum exhibited during previous sustained upward trends. The overall timing seems a bit awkward, and the key indicators that usually support strong upward movements have not appeared in sync. Therefore, it is not surprising that Bitcoin is currently maintaining a range-bound oscillation pattern. We believe it is a necessary strategy to reassess the downside risk signals at this time and determine whether a shift to a more defensive position is needed. Although Bitcoin set a new historical high last week, on-chain data may more accurately reveal the internal health and momentum changes of the market.

Ethereum

Ethereum Protocol Update 002: Blob Extension Plan

The Ethereum Foundation has released Protocol Update 002, which details the Blob data expansion roadmap. The plan aims to significantly enhance the data availability of the Ethereum L2 system, supporting scenarios such as real-time payments, DeFi, social media, and AI applications. Key updates include: The upcoming Fusaka upgrade will introduce the PeerDAS architecture, increasing the number of Blobs in a block from the current 6 to 48. Achieve gradual growth of the mainnet capacity through the Blob parameter hard fork (BPO), theoretically allowing for an 8-fold increase in throughput; Bandwidth optimization technologies such as "cell-level messaging" will reduce network redundant communication; Glamsterdam upgrade ( is expected to introduce PeerDAS v2 in mid-2026 ), further expanding data availability; Continuously research Blob pool expansion and FullDAS technology, ensuring that the core values of Ethereum, such as anti-censorship, are maintained during the expansion. This update marks a shift for Ethereum from the "fork-centered" concept to a more flexible incremental optimization strategy, aimed at accelerating the development of the L2 ecosystem.

Tom Lee: Ethereum has a high probability of surpassing Bitcoin in market value

Tom Lee, the new chairman of the board of BitMine, stated in an interview: "I believe there is a very high probability, even possibly as high as 50%, that Ethereum's market capitalization will surpass Bitcoin. It's like the U.S. dollar decoupling from the gold standard in 1971."

The US spot Ethereum ETF saw a net outflow of $241 million this week

According to Farside Investors, the US spot Ethereum ETF had a net outflow of $241 million this week, of which: BlackRock ETHA: -8.3 million USD; Fidelity FETH: - 79.7 million US dollars; Bitwise ETHW: + 2.9 million USD ; VanEck ETHV: - $1.6 million; Invesco QETH: - 7.4 million USD; Franklin EZET: - 7.4 million USD; Grayscale ETHE: - 88.90 million USD; Grayscale Mini ETH: - 50.4 million USD.

Data: Ethereum ETF reserves exceed $30 billion, with 69 treasury companies' reserves nearing $20 billion

According to data from Strategicethreserve, the ETH reserves held by 69 Ethereum treasury companies have reached 4.1 million coins, approaching a value of 20 billion USD, currently touching 19.23 billion USD. Among them, the market value of the top three Ethereum treasury companies' ETH holdings has surpassed 10 billion USD, currently reaching 11.08 billion USD, accounting for 3.39% of the circulating supply of Ethereum; the Ethereum ETF reserves have reached 6.48 million ETH, with a reserve market value exceeding 30 billion USD, currently touching 30.37 billion USD, accounting for 5.36% of the circulating supply of Ethereum.

The European Central Bank is exploring the operation of the digital euro on public chains such as Ethereum

According to a report by the Financial Times on Friday, citing informed sources, the European Central Bank is considering running the digital euro on public chains like Ethereum, rather than private chains. Unlike private chains where data is strictly limited to authorized entities, public chains like Ethereum or Solana are open to everyone. Given that the European Central Bank has not yet finalized the technical framework for the project, if confirmed, the EU's exploration of public chains will become an important milestone in the development of the digital euro. Another person stated that the private form of the digital euro "looks more like the approach of the Chinese central bank rather than that of private enterprises in the United States." This person specifically mentioned China's central bank digital currency (CBDC), which is privately deployed, contrasting it with the public stablecoins developed by companies like Circle. The European Central Bank has not publicly confirmed whether it is considering Ethereum or Solana.

Other Projects

Ripple partners with SBI Group to launch stablecoin RLUSD in Japan in the first quarter of 2026

According to market news released by @cryptounfolded, Ripple is partnering with Japan's SBI Group to launch the stablecoin RLUSD in Japan in the first quarter of 2026.

MetaMask launches its native stablecoin mUSD

MetaMask officially launched its native stablecoin MetaMask USD (mUSD). MetaMask announced on Thursday that mUSD will be issued by Bridge, a stablecoin issuance platform under Stripe, and minted through the decentralized infrastructure of M0.

Bank of America: The disruptive application of stablecoins in cross-border P2P payments could generate an annual demand of up to $75 billion in US Treasuries

The latest research report from Bank of America delves into the potential transformative power of stablecoins within the financial system, pointing out that although this digital asset faces regulatory controversies, it has already demonstrated unique advantages in areas such as cross-border transactions and retail settlements. The report clearly states that cross-border person-to-person (P2P) payments are the most disruptive application scenario for stablecoins—compared to traditional banking systems, their settlement efficiency and cost advantages are significant, and they may become an important channel for capital flow in emerging markets. Notably, Shopify's move to allow merchants to accept the USDC stablecoin has been regarded as a landmark event for retail penetration, while the recent on-chain repurchase transaction of UST tokenized bonds further highlights institutional investors' recognition of stablecoins' settlement functions. In terms of market demand, Bank of America estimates that the potential demand for stablecoins against U.S. Treasury bonds over the next 12 months could reach between $25 billion and $75 billion, but in the short term, it is insufficient to reverse the supply-demand dynamics in the Treasury market.

Vigil Labs AI completed a $5.7 million seed round financing, led by Nova

On August 20, it was reported that Vigil Labs AI has completed a $5.7 million seed round of financing, led by Nova, with participation from several well-known institutions including Lux Capital and Pantera Capital. The company was founded by Stanford dropout Kole Lee and is developing an AI trading platform that integrates proprietary data sources and specialized reasoning systems, aimed at enhancing the capabilities of human traders and creating what is referred to as a "bionic trader."

Chamath's newly formed SPAC will invest in four areas, including DeFi

Chamath Palihapitiya, CEO of Social Capital, has established a new SPAC named "American Exceptionalism," valued at $250 million, issuing 25 million shares at $10 each. This SPAC will invest in four sectors, including DeFi.