TokenPost
Hello. This is TokenPost. On August 13, 2025, we will take a look at various movements and important news in the cryptocurrency market today.
Host
Yes, hello. There's a lot to talk about today. Especially, the movement of altcoins is very prominent. Let's look at the data based on 4 PM KST.
TokenPost
Yes, let's first look at Bitcoin BTC? It's 119,399 dollars, up 0.45% from the previous day, so there's not much movement.
Host
That's right. Bitcoin seems to be catching its breath, but the atmosphere of Ethereum ETH is completely different.
TokenPost
Ethereum? How is it?
Host
It has surged by 7.73%. At 4,624 dollars, this is a really noticeable upward trend.
TokenPost
Wow, 7.7% is quite significant. How are other altcoins?
Host
Yes, other altcoins are doing well too. Ripple has also risen by about 2.56%. Especially Solana is really strong.
TokenPost
Solana?
Host
It has surged by more than 12% and recovered the $200 level again.
TokenPost
Ah, it has broken through $200 again. Certainly, even in a mixed market, the power seems to be shifting towards altcoins.
Host
That's right. That expression is exactly right. There are signs that funds are moving towards altcoins, especially Ethereum and Solana. In fact, Bitcoin dominance has decreased by 1.17 percentage points to 58.63%.
TokenPost
Ah, the Bitcoin proportion has decreased
Host
Conversely, Ethereum's market share increased by 0.67 percentage points to 13.77%. This could be seen as market participants turning their eyes to altcoins while expecting higher returns.
TokenPost
I see. The overall market size has also grown.
Host
The total cryptocurrency market capitalization has exceeded 4 trillion dollars. The 24-hour trading volume is also over 220 billion dollars. It's active.
TokenPost
DeFi and stablecoin trading volume are increasing, and so are derivatives.
Host
That's right. Especially, the derivatives trading volume has increased quite a bit, which can be seen as a signal of increased short-term trading demand.
TokenPost
Yes, there was also a news to be careful about in this upward atmosphere. It's about Abracas Capital.
Host
Ah yes, this is really something to pay attention to. In this strong market, this asset management company has taken short positions on assets like Bitcoin, Ethereum, Solana, Hype, and SUI, betting on price declines.
TokenPost
Short positions in a strong market? So what happened?
Host
As a result, they are reporting unrealized losses of 244.78 million dollars. That's over 330 billion won in our money.
TokenPost
330 billion won? Although it's unrealized loss, it's enormous. Especially, which side had the biggest loss?
Host
The biggest impact came from the Ethereum ETH short position. The loss there is 188.7 million dollars.
TokenPost
Wow, we just talked about Ethereum's surge, and that's directly reflected.
Host
That's right. Such a surge is a fatal blow to short positions. This is a very clear example of how dangerous betting against a strong trend can be.
TokenPost
Yes, going against the market's power is indeed risky. Shall we look at other headlines? There was also news about OKX exchange.
Host
OKX announced a large-scale burning of its native token OKB. It's 65.25 million tokens, fixing the total supply to 21 million.
TokenPost
The price soared as soon as it was announced.
Host
Yes, it surged by 53.7%. It once again showed the significant impact token burning can have on price.
TokenPost
TVL has increased significantly.
Host
That's right. The total value locked (TVL) of the Solana network has exceeded 110 billion dollars, recording its highest level in three years. This is a good sign that the ecosystem itself is becoming vibrant.
TokenPost
Not just the price, but the ecosystem fundamentals are also improving. Ethereum had similar news too.
Host
Yes, Ethereum's market capitalization has recovered to 550 billion dollars. This is the first time since November 2021. It's a meaningful record along with today's price surge.
TokenPost
There's also a tech fuel news. Bifrost and Japan's SBI Digital Finance
Host
These two companies are creating a Bitcoin-backed stablecoin model called BTC USD and designing a BTC operation standard that complies with Japanese regulations. It shows continued points of contact with the institutional financial sector.
TokenPost
An attempt to utilize Bitcoin within regulations. Lastly, there was also news from the US Department of Justice.
Host
News that they seized cryptocurrency worth 1 million dollars from the ransomware group Black Suit. It shows that efforts to track illegal funds continue.
TokenPost
Looking at today overall, the market seems to be finding vitality led by altcoins like Ethereum and Solana, but at the same time, we must remember that even in a strong market, mispredict the direction can lead to significant risks, as in the Abracas Capital case.
Host
Especially now, we need to wait and see whether the altcoin strength is just a simple fund circulation or truly based on a new growth momentum. What kind of food for thought are these various market scenes we looked at today throwing for your investment or market perspective?
TokenPost
That's all for TokenPost.
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