Pump.fun lost a large slice of the token-launch market in early July as a wave of launchpads on Robinhood Chain, led by NOXA and later Pons, pulled its weekly share down to 26.7%. Four weeks later, that share had climbed back above 50%, with pump.fun posting a 90-day high of $9.21 million in weekly fees for the week ended Aug. 11. The broader launchpad market expanded even faster than pump.fun lost ground, with total fees across 125 launchpads rising 77% to $75.39 million in the 30 days through Aug. 11, according to The Defiant’s calculations using DefiLlama data. Much of that growth came from Robinhood Chain, whose launchpad fees nearly matched Solana over the same 30-day window before cooling on a weekly basis. Pons became the largest new challenger, generating $19.80 million in 30-day fees across two versions, while Uniswap Labs entered the chain with pools.trade and a zero launchpad-fee model. Even so, the surge in launchpad activity has not translated into a broad recovery in memecoin prices: CoinGecko data cited by The Defiant shows the sector remains 83% below its December 2024 peak.

Lookonchain said a wallet identified as 0x9a96...ec05 opened a 2x leveraged long position on 16.73 million FARTCOIN, with the position valued at about $2.16 million. The same address also placed a limit order to buy 18.04 million FARTCOIN, worth about $531,000. The update was cited by Odaily in a brief market alert focused on whale activity. No additional details on execution price, platform, or timing beyond the monitoring note were disclosed in the source text.

A cluster of crypto and tech developments landed on July 27, led by Changxin’s blockbuster market debut and Circle’s latest infrastructure push. According to crypto KOL AB Kuai.Dong, Country Garden invested RMB 2 billion in Changxin in September 2021 at RMB 2.22 per share, securing 901 million shares, but later exited at cost by the end of 2024 as it grappled with a property-sector liquidity crisis. Had it held the position until now, the return would have reached 23x. Changxin then closed its first trading day up 465.8% at RMB 49, with a total market value of RMB 3.28 trillion. In crypto, Circle said it acquired IBM’s blockchain patent portfolio, covering more than 680 patent families and nearly 1,000 granted patents tied to core blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply-chain verification and secure cloud operations. In the U.S., the Senate’s latest merged text of the Digital Asset Market Clarity Act entered a critical two-week window before the August recess, with ethics provisions emerging as the main sticking point. Onchain data also drew attention: 6.93 million HYPE are set to be unstaked over the next seven days on Hyperliquid, while the platform’s nine largest whale addresses were collectively sitting on about $48.635 million in unrealized losses.

Hyperinsight data shows that the top nine whale addresses on Hyperliquid are all sitting on unrealized losses, despite each holding positions close to or above $100 million. Their combined notional exposure stands at about $1.285 billion, with individual books ranging from $97.84 million to $314 million. The largest loss belongs to the address labeled “BTC OG insider whale,” whose overall paper loss has reached $15.538 million, driven mainly by a 5x leveraged BTC long worth roughly $82.906 million. ETH shorts have emerged as the most crowded losing trade among the group: six of the nine addresses are short a combined 222,000 ETH, with those positions showing total unrealized losses of $36.208 million. Specific addresses including pension-usdt.eth, BobbyBigSize and Abraxas Capital all posted notable losses on ETH shorts, although Abraxas offset part of the damage with profitable shorts in HYPE, SOL and FARTCOIN. Other losses came from BTC shorts and U.S. equity longs such as GOOGL and MRVL, showing that the drawdown was not tied to a single directional bet.

Abraxas Capital has long been a familiar name to on-chain sleuths and a largely invisible one to the broader public. The firm, founded in London in 2002 by Fabio Frontini and Luca Celati, began as a global macro shop before shifting its focus to digital assets in 2017. A review of its addresses, fund disclosures, and arbitration records now sketches a much larger picture: a trading and treasury network spanning centralized exchanges, DeFi lending markets, stablecoin issuance channels, and large public hedge positions. The report says Abraxas’s Elysium and Heka structures became major institutional conduits for USDT, with more than $1.5 billion in USDT attributed to Heka-related address paths by 2021. Arbitration materials made public in July 2026 also showed Tether held roughly $500.2 million in Elysium on April 28, 2023, rising to about $504.6 million a month later. By the arbitration phase, Tether’s investment had reached $800 million, or about 75% of Elysium’s assets, and founder Fabio Frontini testified that Tether added another $500 million in February 2024. As of July 23, 2026, 43 identifiable Abraxas addresses reportedly held about $1.142 billion in assets, including $548.6 million in BTC and $440.5 million in ETH. The same network has also been tied to massive ETH transfers, heavy USDe and sUSDe activity, and a Hyperliquid account whose 54 measurable trades generated about $78.11 million in profit.

Bitcoin surged past $72,000 and Ethereum topped $2,200 late Wednesday. CoinGlass reported $218 million in total liquidations within 24 hours, with the largest single liquidation of $8.93M occurring on FARTCOIN perpetuals.

CryptoComLearn published a list of 10 memecoins to watch, highlighting names such as PENGU, BONK, WIF and FARTCOIN based on liquidity, community strength, trading activity and brand recognition.

FARTCOIN trades at $0.1635, down 5.6% in 24h. Analyst Altcoin Sherpa says Bitcoin's move is pivotal: a stable or rising BTC could push FARTCOIN to $0.22, with $0.50 as the upper target. MACD hints at a bullish crossover, but downtrend pressure remains.