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Following
ATOM 
ETHFI 
OKB 
PUMP $ETHFI rose 15.4% to US$0.4316 on August 13, becoming the most prominent asset on the day, while the overall cryptocurrency market was basically flat. This trend is driven by a major product update to Ether.fi, which relaunched its digital banking application and significantly expanded its feature set.
EtherFi Summer Launch: New Tokenized Assets and DeFi Loans
Ether.fi, which claims to be the first and largest unmanaged crypto digital bank, has announced the launch of its next-generation product as part of ether.fi's summer launch. The new app allows users to trade tokenized stocks, precious metals and crypto-assets while remaining self-custodial, and integrates the Optimism-based Aave Market, allowing users to borrow money at the current DeFi rate of about 4%, without selling positions.
The new fiat account also supports global deposits and withdrawals.
Ether.fi was originally known for its re-pledge platform on Ethereum, but has since shifted its business focus to building crypto-native digital banking products that integrate revenue, self-custody and on-chain financial services. This re-release positions the agreement as a direct alternative to traditional retail banks rather than niche crypto products.
Other developments and overall market situation
In addition to $ETHFI, a few other tokens recorded gains in the overall flat market.$ ATOM rose 8.3% to $1.51,$OKB rose 5.1% to $102.86, and $PUMP rose 6.3% to $0.002844. The total market value of cryptocurrencies is US$2.17 trillion, while the Fear and Greed Index is 37, indicating that market sentiment remains in the cautious range.
Venice, the privacy-first AI platform, also announced a milestone on the same day, with its platform users exceeding 4 million. As of April 2026, Venice has 3 million active users and achieved profitability in the first quarter of 2026, with annualized revenue from subscriptions and API access exceeding US$70 million.
