[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202508111710225922788108.webp) * Market Commentary: On August 11, after a period of sideways consolidation, BTC price broke above the $121,200 mark; ETH also surpassed the $4,343.23 resistance level. * Trending Tokens: Benefiting from sector tailwinds and innovative narratives, the zero-knowledge proof project ZKJ surged dramatically by 77.01% following strategic partnerships and new product launches. LDO and ENA performed strongly as well, rising 14.05% and 11.56% respectively, driven by buyback expectations and a strengthening Ethereum ecosystem. * Alpha Insights: The Solana ecosystem meme coin launchpad BAGS outperformed letsBONK.fun with its seven-day revenue; Bitcoin’s market cap surpassed Amazon’s to rank sixth globally; the total cryptocurrency market cap reached a new all-time high above $4.1 trillion; and the LayerZero Foundation proposed a $110 million acquisition of the Stargate cross-chain bridge and its STG token. * Gate Launchpool: Gate platform currently offers a subscription for Baby Shark Universe (BSU). Users can stake BTC or BSU to claim a free airdrop of 1,019,541 BSU before 10:00 (UTC) on August 16, 2025. Baby Shark Universe (BSU) is a hybrid entertainment platform leveraging the globally renowned “Baby Shark” IP, bridging Web2 and Web3. Targeted at mass adoption, BSU is building a family-friendly ecosystem encompassing gaming, NFTs, and metaverse experiences. Discover more details today → Gate Research: BAGS Seven-Day Revenue Surpasses LetsBonk | Cryptocurrency Market Cap Hits New All-Time High, Exceeding $4.1 Trillion 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 11, 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