Core Market Movements
1. Macroeconomic Trends
The probability of a Fed rate cut in September rises to 87.8%, while the probability of maintaining rates in October falls to 6.2%, with a cumulative 25 basis point rate cut probability at 50.6%. Link
The dismissal of Fed Governor Cook by Trump raises concerns about the Fed's independence, as White House economic advisors suggest Cook take a temporary leave during the lawsuit. Link
The US Secretary of Commerce announces plans to publish GDP economic data on the blockchain, indicating it will be open to 'the entire government'. Link
Ethereum ETFs continue to see strong inflows, with a net inflow of $455 million yesterday, marking four consecutive days of inflows. Link
2. Today's Focus
The independence of the Fed is under challenge: The dismissal of Governor Cook by Trump continues to unfold, with analysts at Deutsche Bank pointing out that this, along with the US debt issue, has become a structural resistance for the dollar. Link
Countries accelerate the advancement of stablecoin regulatory frameworks: Zhou Xiaochuan indicates the central bank's two main concerns regarding stablecoins are 'excessive issuance of currency' and high leverage amplification effects; meanwhile, Circle and Paxos are testing a new cryptocurrency issuance verification technology. Link
Google Cloud launches L1 blockchain GCUL: currently in the private testnet phase, aiming to become a neutral infrastructure for finance, providing 'native commercial bank on-chain currency', around-the-clock capital market infrastructure, and payment functions. Link
3. Immediate Attention
Large stablecoin projects like Ethena, Circle, and Paxos are facing regulatory divergence, with compliance paths gradually clarifying, providing short-term investment opportunities. Link
Non-EVM ecosystem expansion: Bedrock token BR launched on Solana, the first non-EVM extension is now live, providing new directions for non-EVM ecosystem interoperability. Link
Aave Labs launches Horizon, an institutional-level platform supporting borrowing stablecoins, which may attract participation from traditional financial institutions. Link
4. Most Undervalued Opportunities of the Day
Google Cloud's L1 blockchain GCUL is currently in the private testnet phase, collaborating with the Chicago Mercantile Exchange (CME) to conduct a tokenized asset pilot, which may become an important bridge between traditional finance and the crypto world. Link
Upheaval V3: A CLMM DEX on Hyperliquid L1, gaining more attention following the XPL incident. Link
5. Risk Warning
Monero has suffered a 51% attack incident; the perpetrator Qubic claims 'the story is not over yet', warning that Dogecoin (DOGE) could be the next target. Link
DeFi platform BetterBank on PulseChain was attacked, suffering approximately $5 million in losses, although the hacker has returned some funds. Link
Severe volatility of the XPL token on Hyperliquid has led to significant losses for multiple traders, suspected to involve four major addresses participating in XPL hedging, with cumulative profits of $46.1 million. Link
Categorized Information
1. Regulation/Policy
The US CFTC is about to have only one remaining commissioner, as Democratic commissioner Kristin Johnson announces her resignation, future leadership may consist of a single person. Link
The US Commodity Futures Trading Commission adopts Nasdaq's monitoring system to expand cryptocurrency regulation. Link
China's Supreme Court and the Supreme People's Procuratorate release typical cases of concealing criminal proceeds, with individuals involved in virtual currency cases sentenced to prison and fined. Link
Former People's Bank of China governor Zhou Xiaochuan points out two major concerns the central bank has about stablecoins: excessive issuance of currency and high leverage amplification effects. Link
Multiple officials in Venezuela have been sued by the US for evading sanctions through virtual currencies. Link
2. Traditional Institutions Layout
KuCoin becomes the first global crypto exchange to support the Thai government's G-Token issuance. G-Token is the world's first tokenized government bond issued by a sovereign nation's treasury. Link
US coffee chain Reborn Coffee may enter the cryptocurrency ATM market. Link
VersaBank's US subsidiary launches a tokenized deposit pilot, claiming it is superior to stablecoins. Link
NASDAQ-listed KindlyMD plans to issue $5 billion in stock to expand its Bitcoin treasury business. Link
Hedge fund Numerai secures a $500 million investment commitment from JPMorgan. Link
Metaplanet plans to raise over $800 million, with 95% of funds allocated to increasing Bitcoin holdings. Link
Valour launches 8 ETPs including ONDO, CRO, SHIB on Sweden's Spotlight stock market. Link
3. Stablecoins/Payments/RWA Progress
Circle and Paxos are testing a new cryptocurrency issuance verification technology. Link
Cross-chain liquidity stablecoins USDT0 and XAUt0 will launch on the Polygon blockchain. Link
Data: Tether and Circle minted a total of $1.25 billion in stablecoins today. Link
WLFI: USD1 has been launched on Bullish. Link
Metafyed secures $5.5 million in funding, aiming to expand the Asian tokenized RWA market. Link
Tokenization platform Centrifuge receives investment from Republic Digital. Link
Cross-border payment infrastructure platform Tazapay completes Series B financing, led by Peak XV Partners. Link
4. DeFi/Public Chain Progress
Monad plans to launch the mainnet integration of Curve. Link
The public beta version of Jupiter Lend built on Fluid is now live. Link
Aave Labs launches Horizon, an institutional-level platform supporting borrowing stablecoins. Link
Bitlayer: BTR airdrop query is now open, airdrop collection opens at 18:00. Link
Bedrock token BR launched on Solana, the first non-EVM extension is now live. Link
Livepeer participation rate has exceeded 50.4%. Link
Solana treasury company DeFi Development joins the stablecoin network Global Dollar Network. Link
BTFS launches a network availability scoring system. Link
BTIP-103 proposal enters the community review stage. Link
Resolv announces the launch of a buyback plan, having executed the first buyback at an average price of $0.16. Link
MANTRA announces the first round of a $25 million strategic buyback for OM tokens. Link
MultiBank Group has completed its first buyback and destruction of 4,860,000 tokens. Link
Hyperliquid will use the regular marking price formula combined with external pre-release perpetual contract prices for pricing. Link
Almanak's token sale on the Legion platform has completed, oversubscribed by 4 times. Link
Meteora completes the final confirmation of first quarter points: total points amount to approximately 1.2 trillion. Link
Avail, supported by Founders Fund, announces the acquisition of Arcana. Link
5. Exchange Progress
OKX adjusts the funding fee settlement frequency for BIOUSDT contracts from every 4 hours to every 2 hours. Link
OKX C2C launches a 'frozen compensation' system: up to 100% compensation, with a limit of 30,000 USDT. Link
Binance Alpha will open airdrop collection at 21:30, with a phase one threshold of 260 points. Link
Binance Alpha and Binance Contracts will list Hemi (HEMI). Link
Binance: Phase 1 and special phase rewards for the Bitlayer Booster event are now available for collection. Link
Binance Wealth Management, one-click cryptocurrency purchase, flash exchange, and leverage will list Dolomite (DOLO). Link
Binance Alpha will list Dexlab (XLAB) on August 29. Link
The Bitget Launchpool project BTR is now open for investment, locking BGB to unlock 2.75 million BTR. Link
6. Investment and Financing Information
Swarm Network completes a $13 million financing round, which includes a $10 million public proxy license sale on the Sui network. Link
CSLM Digital Asset plans to raise $200 million through a share placement and seeks to merge with a blockchain company for a public listing. Link
Hedge fund Numerai secures a $500 million investment commitment from JPMorgan. Link
Metaplanet plans to raise over $800 million, with 95% of funds allocated to increasing Bitcoin holdings. Link
AI+Web3 native smart hardware project MAGNE.AI completes a $10 million strategic financing round, with participation from Castrum Capital and others. Link
Rex Shares applies to launch an ETF supporting BNB staking. Link
Canary Capital submits S-1 filing to apply for a TRUMP ETF. Link
7. Whale Movements
Cumberland is suspected to have sold approximately 47,000 ETH tonight, worth over $210 million. Link
"High-profile Bitcoin whale" sells 3,968 BTC again, exchanging for 96,000 ETH. Link
A certain whale buys $10 million worth of WBTC and $3.19 million worth of ETH again. Link
A certain whale goes long on 262.5 WBTC through lending, valued at $28.95 million. Link
DDC Enterprise increases its holdings by 120 BTC, bringing total holdings to 1,008 BTC. Link
H100 Group increases its holdings by 46.22 BTC, bringing total holdings to 957.5 BTC. Link
Data: Currently, 13 entities have disclosed holding approximately 8.277 million SOL reserves. Link
Statistics: BitMine has received a total of 131,736 ETH in the past 12 hours, valued at approximately $591 million. Link
8. AI
Aethir provides a $3 million grant to Arizona State University to launch a global AI and blockchain education program. Link
The decentralized AI data infrastructure Poseidon in the Story ecosystem announces version V1, with the application set to launch soon. Link
Decentralized AI infrastructure Mira establishes a foundation and may launch TGE. Link
AI frontend development tool v0 accepts USDC for purchasing points. Link
