For the Love of the Game (Market Commentary) |
Coinbase just dropped some MAJOR alpha that DEX integration is coming to the Base app this week. Soon, all Base tokens will be tradable right in the Base app, meaning $SWARM and other Virtuals agent tokens will have a new audience of millions.
We’re going to be celebrating this major
unlock in a marathon 12-hour live stream this Thursday as The Swarm Report co-hosts an epic superstream for the Ringfence token launch. We’ll have special guests from across the Virtuals and crypto ecosystems appearing live throughout, including Kevin
Follonier from the When Shift Happens podcast, Graeme from Amplifi, Bunchu from Billy Bets, and more big surprise guests to be announced.
You can tune into the big event live on YouTube and X from 6 am - 6 pm EDT on
August 7. The Crypto Report Arrives The White House released a 168-page crypto report, and the SEC kicked off Project Crypto via a speech by Paul Atkins. - The White House crypto report recommends clear roles between the SEC and CFTC for overseeing digital assets.
- Bitcoin was endorsed as a strategic asset, and the report proposes the creation of the strategic BTC reserve.
- Changes to tax reporting for cryptocurrencies will come via tax code updates.
- Federal agencies are encouraged to adopt a pro-crypto mindset.
- The SEC is directing staff to develop clear rules for crypto
asset distribution and guidelines for putting them into categories like stablecoins, commodities, collectibles, etc.
- Protections will be created for on-chain software companies in the US, along with developers and their code.
- The SEC’s Crypto Task Force will host public roundtables in Berkeley, Boston, Dallas, Chicago, and New York starting today.
Pump Fun Back in the Spotlight After weeks of FUD and down-only price action, the Solana memecoin launchpad Pump Fun dropped some big news that hopefully brings back the trenches. - Pump Fun released a new revenue dashboard that showcases the platform’s revenue data and buybacks live.
- In the past 6 days, Pump Fun purchased 8,740 SOL worth of $PUMP, which is 102% of total revenue over that period.
- On Aug 4, Bonk Fun did 81.3% of memecoin launchpad volume vs Pump Fun.
- In July, Bonk Fun saw $37.3M in revenue vs Pump Fun’s $15.3M.
The AI market fell -6.76% to a 10.49B market cap this week. It was a sea of red across the top tokens with FET down -8.7%, FARTCOIN -25.04%, and VIRTUAL -15.81%. - Arbus officially kicks off their new Infofi platform called Arbus Chirps.
- Virtuals officially launches its Virgen Ambassador Program.
- Grayscale Decentralized AI Fund has been opened to eligible accredited
investors.
- Vader brings back tier lists via their ACP cluster that includes The SWARM
agent.
- Sage agent to become the head agent of the Virtuals Educational ACP
cluster.
- IRIS reveals new paid deep scans, while keeping basic scans free.
- PredictBase now launches prediction markets exclusively for PREDI
holders.
- Eva kicks off season 2 farming for airdrops.
- Legend’s latest community vote for team jerseys comes to an end with winners
picked.
The NFT market cooled last week, but new and old collections alike are still seeing some impressive sales. - Lil Chiller on Solana, an NFT collection based on the Chillhouse memecoin minted at .25 SOL and surged to 7.5 SOL, a 30x gain.
- The top NFT sales this week include a gold Bored Ape #7940 which sold for 666 ETH ($2.34M),
Otherdeed #67722 for 200 ETH ($767K), another gold Bored Ape #3072 for 129.9 ETH ($458K), Skull of Luci #43 - Ashen As Adem for $410K, and 78 CryptoPunks sold for 50+ ETH.
- Animoca Brands is partnering with AMGI Studios, the team behind the Web3 game My Pet
Hooligans.
- Beeple is hosting his 2nd ever CryptoPunks meetup at Beeple Studio this
weekend.
- Rekt Driks sells 80,000 cans of Binance-themed water in 3 minutes.
- Yuga Labs’ Otherside Metaverse's latest game experience, called Bathroom Blitz, is
live.
- Pixel Vault fires CEO GFunk after allegations of gambling community tokens and not paying partners.
- CyberKongz is retiring its Banana token yield ahead of new token utility.
- Adam Weitsman announces acquisition of 5,000 Otherdeeds, Mega Kodas, and Weapon Kodas directly
from Yuga Labs.
- Moonbirds holders get a soulbound token called Purple Pass on Monad.
- NFT sales fell -16.85% last week, but more sellers were active, driving transactions up.
- Despite lower average sales prices, traders saw their best week of trade profits in 2025 with $3.52M in profits.
ETH NFT Composite - 666.99 (-1.31%)
SOL NFT Composite - 511.01 (-3.04%)
POL NFT Composite - 3.41 (-21.61%)
CAR NFT Composite
- 274.32 (-2.92%) Top Gainers 7d HASH - $0.02828 (+8.8%)
LTC - $119.43 (+8.6%)
XDC - $0.09556 (+7.9%)
MNT - $0.8561 (+7.0%)
TON - $3.41 (+4.7%)
Top Losers 7d
BONK - $0.00002607 (-23.8%)
SPX - $1.66 (-23.6%)
PI - $0.3575
(-19.4%)
HYPE - $37.71 (-16.6%)
JUP - $0.4736 (-16.1%) Virtuals Agents
Ringfence
Date - Aug 7
Blockchain - Base
Token - $RING ArAIstotle
Date - Aug 7 Blockchain - Base
Token - $FACY NFTs Fragments of Order
Date - Aug 7
Blockchain - Ethereum
Price - .025 ETH The RAAC Bots
Date - Aug 7
Blockchain - Ethereum
Price - Free |
Named after Alan Turing, a famed mathematician, computer scientist, and logician, this test tests a machine’s ability to pass for a human, particularly in the fields of language and behavior. After being graded by a human, the machine passes if
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