📢 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
On August 8, 2025, the cryptocurrency market迎来重大转折. The US government opened 401(k) retirement plans to invest in encryption, which is expected to inject massive funds into the market. At the same time, the easing of international tensions also brings favourable information for risk assets.
The overall market shows a strong upward trend, with the total market value increasing by 3% on the day, reaching $3.76 trillion. Major cryptocurrencies performed differently, with Ethereum standing out, rising between 5.67% and 7.11%, peaking at $3943.6, a new high in six months. Institutional investors have significantly increased their holdings of Ethereum through ETFs, demonstrating confidence in its long-term development.
Although Bitcoin has seen a slight increase, the rise is relatively limited, maintaining in the range of $116,000 to $117,000, facing strong resistance at $120,000.
The market sectors are clearly differentiated, with outstanding performance in the Layer 2 and Web3 fields. The Layer 2 sector overall increased by 9.53%, with Mantle and Zora showing significant gains. In the Web3 track, projects such as Chainlink, Polkadot, and Render also performed well, reflecting the market's ongoing focus on the combination of decentralized infrastructure and artificial intelligence.
However, the market has also shown some risk signals. The inflow of funds into Bitcoin ETFs has slowed down, and the options market has seen bearish hedging positions on Bitcoin. This indicates that investor sentiment is shifting from extreme optimism to caution, and there may be a risk of a pullback in the short term.
Overall, although policies and funding have driven the overall market up, the performance of different currencies and sectors varies. Investors should closely monitor the development of Layer 2 technology and the performance of compliant assets, while remaining vigilant about potential technical corrections. In this market environment filled with opportunities and challenges, it is crucial to maintain rationality and caution.