Glassnode: 85% of Altcoin Funding Rates Above Average, Market Optimistic
Prefer us on GoogleGlassnode reports that 85% of altcoin funding rates are above average, indicating that the market has entered an optimistic phase. Arthur Hayes predicts that Ethereum will outperform all other large-cap tokens in this market rebound. Yangtze Memory Technologies' parent company has had its IPO accepted on the STAR Market, aiming to raise 33 billion yuan. Approximately 70% of Microsoft's AI business revenue comes from OpenAI, with clients primarily in the tech industry. Flop Labs announced that AI Agents can earn FLOP airdrop rewards by participating in the Technocore ecosystem. Robinhood's CEO expressed a love for cryptocurrencies and maintains a long-term optimistic outlook on Bitcoin. HyperEVM hit a daily high on August 23, with transaction fee revenue reaching $538,100. Arthur Hayes also noted that FLOP is expected to become the second-largest token by market cap, potentially surpassing Bitcoin.
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