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Last week, Chainlink (LINK) gained 11.37%, fueled by its partnership with ICE, a new TVS all-time high, and notable whale buying, reinforcing its leadership in the oracle sector. Sei Network kept up strong momentum with rapid stablecoin growth and strategic institutional moves, remaining the most active EVM chain. Meanwhile, Aave's borrowing volume topped $25 billion, with deposits now ranking among the top 40 U.S. banks.

In July, the total cryptocurrency market capitalization showed an accelerated upward trend, with the total market cap breaking through $4 trillion in late July. A key factor driving this increase is the growing expectation of Federal Reserve interest rate cuts in 2025. All of the top 8 cryptocurrencies by market cap saw gains this month, with ETH emerging as the best-performing token in July, surging over 50% in a single month. While BTC also achieved a gain of nearly 10%, it underperformed other mainstream cryptocurrencies.

Gate Research Daily Report: On August 19, BTC is trading around 115,900 USDT, with short-term support at 115,800 USD and resistance between 118,500–119,000 USD. ETH is priced at 4,358 USDT, with key support at 4,270 USD and short-term rebound potential at 4,450–4,500 USD. Popular low-cap tokens showed strong performance, with WKC, BSU, and WAVES rising 56.57%, 39.06%, and 23.43% over 24 hours, accompanied by significant increases in trading activity and community engagement. BitMine’s ETH holdings surpassed $6.6 billion, but its stock fell 7% amid ETH’s pullback. Bless Network announced its $TIME airdrop, allocating 10% of the total supply at mainnet launch, while the Stellar Development Foundation invested in Archax to promote real-world asset tokenization.