BTC Renews All-Time High Above $124,000
On August 14, the price of BTC rose to $124,128 for the first time, recording a historical maximum. However, the price soon failed to stay above $120,000 and fell to $119,388. The correction coincided with the publication of data on the US producer price index: the indicator was 3.3% with a forecast of 2.5%. Against the backdrop of these movements, the market capitalization of BTC reached $2.4 trillion, which allowed it to enter the top five largest global assets and briefly overtake Google.
Solana Price Up 18% in 2 Days
Solana rose above $205, adding 18% in less than two days. Later, the price rolled back below the key level and consolidated around $192, but the growth rate still exceeded the dynamics of the market as a whole. The correction coincided with a noticeable increase in on-chain activity: over the month, the number of transactions in the network increased by 45%, and fees increased by the same amount. For comparison, in BNB Chain, the volume of transactions decreased by 36% during this period.
The derivatives market is signaling cautious optimism: the funding rate for perpetual contracts on SOL is holding at around 12% per annum, which is on the border of neutral and bullish sentiment. At the same time, turnover on Solana decentralized exchanges has been declining for the third month in a row: over the past 30 days, the trading volume amounted to $113.14 billion, Defi Llama reports.
BNB Reaches $867 for First Time
On August 14, the BNB price reached $866.96, setting a new all-time high. The token's market capitalization rose to $120 billion, making it the fifth-largest digital asset. Later, the quotes corrected to $831.71. According to the BNB Chain team, the main catalyst for growth was the increased network performance after the Maxwell hard fork in June.
The developers note that the network works faster, processes record transaction volumes, and demonstrates high performance in DeFi. The volume of locked funds has exceeded $7.3 billion, and user activity remains one of the highest in the industry. The rate is given an additional boost by the interest of institutional players: in recent weeks, several large companies have increased their positions in BNB, which has increased demand for the asset.
Ronin Returns to Ethereum
The Ronin gaming sidechain is being transformed into a full-fledged L2 solution based on Ethereum, with the transition planned to be completed in the first half of 2026. The project, created by Sky Mavis for Axie Infinity, initially forked from Ethereum due to network congestion and high fees, but will now return to the ecosystem via the Ronin Bridge. The hacker attack in 2022, when the network lost over $625 million, became an important milestone in its history: work was suspended and resumed only after a restart in the summer of the same year.
With the new architecture, Ronin promises 12 times faster transactions, as well as the security and decentralization benefits of Ethereum. The network will expand its scope of application, going beyond gaming and turning into a universal application platform. The consensus model will be replaced by Proof-of-Distribution, in which RON staking rewards will be distributed according to an updated scheme.
Public Companies Create Reserves in BNB
The Ronin gaming sidechain is being transformed into a full-fledged L2 solution based on Ethereum, with the transition planned to be completed in the first half of 2026. The project, created by Sky Mavis for Axie Infinity, initially forked from Ethereum due to network congestion and high fees, but will now return to the ecosystem via the Ronin Bridge. The hacker attack in 2022, when the network lost over $625 million, became an important milestone in its history: work was suspended and resumed only after a restart in the summer of the same year.
With the new architecture, Ronin promises 12 times faster transactions, as well as the security and decentralization benefits of Ethereum. The network will expand its scope of application, going beyond gaming and turning into a universal application platform. The consensus model will be replaced by Proof-of-Distribution, in which RON staking rewards will be distributed according to an updated scheme.
Qubic Attack on Monero Turns Out to Be a PR Campaign
Qubic staged an attack on the Monero network, which turned out to be more of a marketing gimmick than a threat. According to him, the goal was to attract attention. Qubic launched a dual mining pool, where XMR and QUBIC were mined simultaneously. This allowed the hashrate to increase and the token to gain traction: in a month, it rose in price by 80%, and mentions on the network increased almost tenfold.
Claims of control over 50% of the capacity turned out to be overstated - the actual share was 30-40%. The pool used "selfish mining", hiding blocks and distorting statistics.
The Monero network worked without failures, and user funds were not harmed. A temporary 10% drop in the XMR price was accompanied by an increase in interest in the coin. For Qubic itself, the attack resulted in the loss of up to half of the capacity due to "orphaned" blocks.
