Last week, a mysterious exchange named HumidiFi emerged, quietly capturing 15% of the volume in the Solana ecosystem, processing nearly 3 billion dollars in funds within a week. This is just the tip of the iceberg. According to Blockworks Research, over 6 billion dollars in transactions on Solana are flowing into anonymous, unknown "dark AMMs." Who is manipulating the market behind this torrent of funds? Is Solana's ideal of transparency in DeFi being replaced by efficiency and anonymity?

Source: Decentralized Finance Investor; Translated by AIMan@Golden Finance
So far, 2025 is a great year for Decentralized Finance.
We have shifted from a hostile regulatory environment under Gary Gensler's leadership at the SEC to a crypto-friendly one. Moreover, DeFi adoption is thriving by almost all metrics.
Therefore, I think it's a good time to carefully study some charts that can show the current market conditions and industry trends.
The following seven charts reveal the current state of Decentralized Finance:

With Ethereum (ETH) recently showing strong gains, the market's expectation for altcoins to experience explosive market conditions has sharply intensified. Several well-known analysts believe that ETH's performance has become a key signal for capital flows into high-risk assets, with some alts even expected to achieve astonishing gains of 200-500% in the coming months. However, market divergence remains, and some traders are cautiously optimistic about the sustainability of this rally. Can ETH's breakout really drive a collective surge in altcoins? This article will take you deep into the latest market dynamics and bullish-bearish perspectives.

Author: Jack Inabinet, Source: Bankless, Translated by: Shaw, Golden Finance
Ethereum has just celebrated its tenth anniversary. To commemorate this milestone, Ethereum founder Vitalik Buterin appeared on the Bankless podcast hosted by Ryan and David, reflecting on the development of Ethereum over the past decade and discussing the future direction of the network.
This nearly two-hour interview is rich in content, filled with bold predictions, candid reflections, and philosophical insights.

Bitcoin successfully holds above the support level of 115,500 USD and is now entering a consolidation phase, gearing up to attack the major threshold of 120,000 USD. Technical analysis shows: the BTC/USD hourly chart is forming a key bullish trend line (support level at 115,600 USD). If it can break through the strong resistance at 117,500 USD, it is expected to challenge 118,250 and 119,200 USD, with the final target pointing to 121,500 USD. If the upward attack fails, caution should be taken for a pullback to the Fibonacci support level of 114,550 USD. Current on-chain data shows that Whale addresses are accumulating, but the hourly MACD momentum has slightly weakened. Attention should be paid to institutional buy order flow and the leverage liquidation heat map for the breakout.

Total DeFi TVL has surged 57% in three months, reaching a 2-year high of $153 billion by July 2025.
Lending platforms alone hold $55 billion in assets, with Aave and Lido each commanding approximately $33 billion in locked value.
AI-powered DeFi tools, rising DEX volume, and institutional flows ar

Written by: kkk

At the beginning of August, the personnel changes at the Federal Reserve, which were already brewing, suddenly accelerated—Governor Adriana Kugler unexpectedly resigned, and the head of the Bureau of Labor Statistics was personally dismissed by Trump on the day the non-farm payroll data was released. Just as the market had not fully digested the personnel shock, the White House made it clear: "A decision on the Federal Reserve chair nominee will be made this weekend." On August 7, according to informed sources, as Trump's advisors were searching for Powell's successor, Federal Reserve Governor Christopher Waller was gradually becoming a popular candidate for the chairmanship. Trump's advisors were impressed by Waller, as he is willing to base policies on forecasts rather than current data, and he has a deep understanding of the entire Federal Reserve system.

At the last FOMC meeting, he discussed with the board member.

Shiba Inu (SHIB) is synchronously gaining strength in both technical and fundamental aspects, attracting traders' continuous attention. Analyst Javon Marks pointed out that SHIB has broken through a key falling wedge structure, and the bullish divergence remains intact, indicating a potential 156% big pump (target $0.000032). The 4-hour chart shows a strong support zone with high demand between $0.00001173 and $0.00001200, and a breakout above $0.00001313 will open up upward space. The fundamentals also show explosive signals: the 24-hour token burning volume surged by 3464% (9.6 million SHIB), and the triple DAO governance election has been initiated to promote the decentralization process, with Whale's net inflow increasing by 272.67% over the past 7 days, while on-chain data reveals that Large Investors are accelerating their stockpiling.

Written by: Level
Compiled by: AididiaoJP, Foresight News
Stablecoins are reshaping the underlying architecture of the global financial system. As a new type of digital asset, its core value is reflected in three dimensions: the programmability at the technical level allows it to be embedded in smart contracts for automatic execution; the borderlessness at the geographical level breaks down the regional barriers of traditional finance; the high speed at the efficiency level reduces settlement time from the traditional T+1 or even T+3 to nearly real-time.
However, in addition to payment functions, stablecoins are quietly enhancing the velocity of currency circulation: changing the frequency of use of each dollar, its flow direction, and stimulating the speed of economic activity. The impact of stablecoins on the velocity of currency circulation presents a unique "double helix" effect: on one hand, automatic settlement achieved through smart contracts releases idle settlement margins in traditional finance; on the other hand, 7×24

Vitalik pointed out in an interview that using Ethereum as a treasury asset for businesses is a valuable practice and emphasized the importance of providing multiple access channels. He believes that if the treasury mechanism is kept under control, it can bring positive effects to the Ethereum community, but it is necessary to be wary of the risks of excessive leverage.

In July 2025, the interaction and fund synchronization on the Ethereum chain rebounded, with the trading volume reaching a historic high; Solana and Base led Layer 1 and Layer 2 respectively, demonstrating high-frequency interaction and ecological stickiness. Bitcoin has achieved a new high in market capitalization and may undergo short-term fluctuations and consolidation. WorldChain has attracted over $100 million, rapidly forming its ecosystem; LetsBonk.fun's market share of issued coins has surpassed 70%, exceeding Pump.fun; Ethena's stablecoin TVL has risen to $8.4 billion, continuing to lead the sector.

Core idea: Ethereum's unique architecture determines that Ether can become a currency,
Its thriving ecosystem determines that Ether is still a valuable asset with reserve value.

Ethereum is not designed for payment, which is different from Bitcoin. In 2009, Bitcoin pioneered the decentralization of digital currency, solving the double-spending problem and allowing distributed ledgers to be implemented on a large scale for the first time. Although its processing capacity per second is quite small, it has achieved unprecedented innovation in the field of currency payments. The original concept of Ethereum in 2015 was to create a massive decentralized computer capable of running programs freely and addressing the risks of contract breaches. Contracts, by their nature, are agreements of value and interest, which is an important definition of assets; one could say that Ethereum was closely linked to assets from the very beginning. However, the unfamiliar concept of computers and the volatile hype surrounding it have led to these key underlying logics being set aside.

In a bold move that could reshape the cryptocurrency landscape, the President of the United States is reportedly preparing to sign an executive order aimed at safeguarding access to BTC and digital assets. If enacted, this groundbreaking policy will reshape the relationship between digital assets.

The latest report from the Fed suggests that Bitcoin can be purchased through the appreciation of gold reserves, introducing the concept of "strategic Bitcoin reserves," which may trigger a transformation in the financial system. Trump has allowed 401K investments in Bitcoin, and the expected influx of funds will likely drive up prices. Economists analyze that the U.S. is facing a liquidity crisis, and Bitcoin may become an inflation hedge asset. In the future, holding Bitcoin may become a strategic choice for various parties.

The fundamental restructuring of the global economic framework forces Central Banks in various countries to adjust their policies to meet challenges. Central Banks are faced with issues such as geopolitical fragmentation, the risk of monetary tightening, the impact of artificial intelligence, and competition from Digital Money, making policy innovation and market stability the focal points of attention. Central Banks need to play a greater role in monetary policy, financial regulation, and technological disruption to enhance system resilience and respond to future uncertainties.

As the cryptocurrency market gradually breaks free from Bitcoin's dominance, the altcoin zone is heating up again. The RSI indicator on the 4-hour chart has broken above 50, and the altcoin season index has surged from 13 to 45, indicating that the second wave of altcoin trends is about to start. Popular assets like QUBIC, APT, SUI, and QNT are displaying strong technical patterns, and market speculation enthusiasm continues to rise, with a price increase of over 30% likely to become the main theme of the next phase.