[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202508141553135519819311.webp) * Market Commentary: This week, BTC rose 3.61%, hitting a new all-time high above $124,400; ETH surged 12.02% to $4,780, now less than 3% from its ATH. Major altcoins posted broad gains, with LDO, PENDLE, and ADA rising 60.34%, 40.06%, and 33.33% respectively over the past 7 days. On the macro front, expectations for a Fed rate cut in September have strengthened, with the U.S. Treasury Secretary supporting an aggressive 50-basis-point cut, fueling a global market rebound. * This Week’s Focus: BitMine Immersion plans to raise $20 billion to increase ETH holdings, signaling institutional confidence in Ethereum’s long-term value. Grayscale has registered Cardano and Hedera trusts in Delaware, potentially paving the way for the first altcoin ETFs. Chainlink partnered with ICE to bring global forex and precious metals data on-chain, strengthening the data foundation for DeFi and derivatives applications. * Key Data Highlights: The total crypto market cap hit a record $4.21 trillion, with BTC’s market value surpassing Alphabet to rank 5th globally. Ethereum’s search interest climbed to its highest since 2021, with daily transactions reaching 1.87 million at peak. Base’s daily DEX trading volume exceeded $2 billion, with Aerodrome and Uniswap together accounting for over 70% of trades. * Market Opportunities: Watch sectors such as oracles, chain abstraction, and cross-chain communication protocols, which gained 39.3%, 38.3%, and 38.1% respectively over the past 7 days. Leading and niche projects posted significant gains, with market sentiment continuing to recover. * Next Week’s Watchlist: FTN, ZRO, and CONX will unlock tokens worth approximately $91.5M, $59.9M, and $58M respectively in the next 7 days, representing 2.08%, 8.53%, and 3.10% of circulating supply, potentially causing short-term price volatility in these tokens. Discover more details today → Gate Research: BTC Hits New High Above $124K | Tom Lee to Raise $20B for More ETH Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team August 14, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves