Ethereum is trading at $228B market cap against $41.22B in TVL.
That’s a 5.5x premium over the capital directly deposited into the chain.
The interesting part isn’t the multiple.
It’s what the multiple is pricing.
Ethereum isn’t valued purely on the capital sitting inside its DeFi protocols.
It’s valued as settlement infrastructure for:
➜ L2s
➜ Stablecoins
➜ RWA issuance
➜ DeFi collateral
➜ Institutional settlement
A large portion of that economic activity doesn’t appear in Ethereum’s mainnet TVL.
So the 5.5x isn’t necessarily an overvaluation.
It’s the market assigning value to security and s

Oh my gosh!!! I managed to sneak in a quick look at the market amid the busy schedule... At 1 a.m. on July 30... The medium- to long-term gold long position on the daily chart that I recommended... Entered at the current price of 4020, with a stop-loss at 3960; the first take-profit target was 4135, the second seemed to be 4320, and the ultimate target was 4450... After 13 days, all the targets were finally reached... The price surged to around 4458 at its peak... Dear Miss 5094, are you still holding your gold long position?

$US (Talus) – Steep Breakdown, Staying Out
I'm staying far away from US because it has crashed -20.54% to $0.027786, continuing a severe waterfall drop from a 24h high of $0.035916. The moving averages are in a heavy bearish freefall with EMA5 at $0.028410, EMA10 at $0.029102, and EMA30 at $0.031739, all sloping steeply downward and capping every bounce. The 24h low is $0.026875, and MACD is deeply negative. The chart shows a relentless stair-step down with no sign of relief. I'm not touching this until a solid base forms and it reclaims the EMA10. For now, I'm completely out.
#InstitutionsSo

The BTC image keeps getting swallowed; rewrite it.
BTC: Short around 63,950, target 63,900.
Long at 62,650–62,850, target a 500-point move.
If it breaks below 62,600, add to the short, target 61,500.
Long at 61,550, add at 61,150, 3x leverage.
If it breaks below 61,000, add to the short.

$SNDK
Support levels
1. First major support at 1300‑1310: the lower boundary of the recent trading range and the short-term dividing line between strength and weakness. Holding it would maintain a range-bound upward trend.
2. Second support at 1180‑1200: the key bottom range of this pullback. A confirmed break below it would damage the medium-term bullish pattern and open room for a deeper retracement.
Resistance levels
1. Short-term resistance at 1390‑1465 (near the previous high): room for further upside can only open after firmly breaking above it on increased volume.
2. Medium-term resist

$SEI strong fundamental project.
i know it's down now due to the whole market is bearish.
buy and hold or put it in the Smart Rebalance bot until the market kicks off again.

August 13 Wanxin Midday Analysis:
The market is still waiting to see the pace of subsequent overseas policy developments. After gold prices surged, quite a few funds chose to take profits and stay on the sidelines. The U.S. dollar stabilized slightly, while upward momentum at high levels was insufficient, and the market began to pull back.
After gold prices surged to around 4449, they were unable to move higher. Highs on the five-minute timeframe kept getting lower, with prices moving down step by step,
while short-term indicators weakened in tandem and downward momentum gradually emerged.
Gol

A Brief Analysis of BTC's Short-Term Trend from the Perspectives of Dow Theory, Chan Theory, Elliott Wave Theory, Volume-Price Relationship, Order Flow, and Price Action (Strategy Recommendations)
$BTC ‌ ‌#BTC Comprehensive Assessment
Dow Theory shows that the short-term uptrend was disrupted on August 10, breaking the structure of rising lows.
Chan Theory shows that the downward stroke is strong (-1,661), while the upward stroke is extremely weak (+285), with bears in control and the consolidation range ② already broken.
Elliott Wave Theory suggests that the market may be in the weak B-b re

🇯🇵 Japan Still Has Firepower to Defend the Yen
Goldman Sachs says Japan has significant capacity for further yen intervention, backed by roughly $1 trillion in foreign-exchange reserves.
However, not all reserves are immediately deployable, and access to dollar liquidity throuh the Fed is not the same as receiving $1 trillion in cash.
How aggressively will Japan use its reserves if yen weakness continues?
#GateLaunchpool141MDOS

Is the bear market about to leave? Hold that toast.
Matt Hougan’s words are like an old Chinese doctor taking a pulse—“Not falling is a good sign.” Bitcoin has taken several heavy blows in succession: Coldcard’s security failure, Strategy’s sell-off, and the CLARITY Act fizzling out, yet it has remained utterly unmoved. As the ancients said: “What does not kill you will ultimately make you stronger.” Bitcoin seems to embody that sentiment right now.
Yet a bottom is discovered, not shouted into existence. Bull markets never set out amid applause; they often arrive quietly when people are still

180k. This is the principal I lost in the previous BTW round: I chased at 0.31 and cut my losses at 0.19, losing a Model 3 in three days. Now it has climbed back to 0.2386, with 24h trading volume at $144 million. I’m staring at the screen with trembling hands—not out of fear, but excitement.
Let’s look at the data first; don’t rush in. The current price is 0.2386, and the 24h range stretched from 0.1854 to 0.2692, nearly 45% volatility. With a token like this, not setting a stop-loss is like running naked. Yesterday’s low of 0.1854 did not break the previous low, and today’s volume-backed ral

$DOS This token is dead. It’s not suitable for entry—the market maker has bailed.

BTC/ETH: Add short levels:
63,777 aggressive short, 63,900 short, 63,950 strong short, 64,250–64,400 strong short
ETH: 1,893 aggressive short, 1,898 strong short, 1,905 monitor for short, 1,914 strong short

#GateRankedTop4Globally
Gate continues to strengthen its position among the world’s leading crypto exchanges, reaching the Top 4 globally. This achievement reflects the platform’s growing user base, strong trading ecosystem, expanding product lineup, and continuous focus on innovation.
For traders and crypto enthusiasts, global rankings are more than just numbers. They represent trust, liquidity, accessibility, technology, and the ability of an exchange to serve a rapidly growing digital asset community.
Gate’s continued rise shows how the platform is building a stronger presence across globa

$ETH BTC currently ≈ $63,400 - $63,600 (range-bound with a weak bias)
• Long: $62,300 - $62,800 (if it holds, target $65,000+)
• Short: $64,800 - $65,300 (if it breaks down, target below $61,800)
ETH currently ≈ $1,880 - $1,890 (following the range-bound movement)
• Long: $1,820 - $1,850 (if it holds, target $1,950+)
• Short: $1,930 - $1,960 (if it breaks down, target below $1,800)
Overall long/short probability (Fear 26-37, range-bound pullback, mixed X/news, technical support):
Longs 51-57% (oversold rebound, support test).
Shorts 43-49% (continued pullback, profit-taking).
Short-term ra

JUST IN: Citi lifts Tencent target to HK$765 and keeps Buy on AI-led momentum; raises capex outlook for this year and next. If sustained, could support broader tech exposure in HK names. $TCEHY

#GateLaunchpool瓜分141万枚DOS Gate Contract Stocks Zone First Launch: $MO (Altria Group), $CIFR (Cipher Digital), $NET (Cloudflare), and 4 other contracts, 7 contracts in total
🔹 Trading pairs: $MO / $USDT, $CIFR / $USDT, $NET / $USDT , and 4 other trading pairs, 7 trading pairs in total
🔹 Trading time: August 13, 2026, 14:00 (UTC+8)
🔹 Supports 1–20x leverage
Trade $MO: https://www.gate.com/zh/futures/USDT/MO_USDT
Trade $CIFR: https://www.gate.com/zh/futures/USDT/CIFR_USDT
Trade $NET: https://www.gate.com/zh/futures/USDT/NET_USDT
More details: https://www.gate.com/zh/announcements/article/10