[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202508081246153946455900.webp) * Market Overview: On August 7, the crypto market extended its rebound. BTC briefly touched 117,600 USDT, maintaining its short-term uptrend, while ETH led major tokens by breaking above 3,900 USDT with strong trading volume. The Fear & Greed Index rose to 74, reflecting improving market sentiment. * Top Movers: PENDLE surged 28.4% as its “kHYPE” yield pool on HyperEVM became the first to surpass $100 million in TVL, with more native asset integrations planned. ZORA jumped 34.2% after launching a creator economy campaign with Base and collaborating with popular IG account @polcom, fueling narrative momentum. ORCA gained 21.1% following the launch of its Launchpad product Wavebreak, which was featured by Birdeye, alongside new governance proposals and ecosystem expansion. * Alpha Insight: President Trump signed an executive order prohibiting regulators from targeting crypto firms over “reputational risk,” signaling a pro-crypto regulatory stance, and nominated economic advisor Stephen Miran as a Federal Reserve governor. Meanwhile, Hong Kong officially launched its RWA registration platform and initiated three Web3 standards, advancing the tokenization of real-world assets. The SEC and Ripple reached a settlement, confirming that XRP is not a security in secondary markets — a key precedent for future token classification. Discover more details today → Gate Research: Trump Signs Crypto-Friendly Banking Order | SEC and Ripple End Legal Dispute 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** nvesting 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 8, 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