News linked to this event type.
The Seedance 2.5 video generation model has officially launched on the creative platform Arcads. By integrating Claude capabilities, Arcads transforms existing presentation formats within creative categories into creative directions, and has now deeply integrated Seedance 2.5 into the production layer, building a complete closed-loop workflow from creative concept to final video. Users can complete the entire process of research, creative conversion, and video generation within the same system. The model offers unlimited access within the first 24 hours. This move marks an industry upgrade for AI video generation from isolated clip creation to complete story and world building.
Odaily News – Tom Lee posted on X, stating that the market's significant "dovish" reaction to the July jobs report is another example of the market suffering from "inflation confusion syndrome." His view is that inflation is on a downward trajectory; the market had previously been impatient and overly hawkish. Following the release of the jobs report, the probability of a September rate hike has fallen below 40%, compared to 75% just two weeks ago, when many economists had advocated for an early rate hike. Do not fight the last war.
Odaily News: Tether's Q2 net operating profit was $1.5 billion, primarily derived from interest generated by its U.S. Treasury holdings and repurchase agreements. As of June 30, Tether's reserve buffer stood at $4.11 billion, with assets exceeding liabilities by the same amount. USDT's circulating supply increased by $446 million to $184.6 billion, accounting for over 60% of the global stablecoin market. DeFiLlama data shows the global stablecoin market size is approximately $307 billion, with Tether remaining one of the major holders of U.S. Treasury securities. Asset management firm BlackRock has launched two tokenized money market products aimed at stablecoin issuers to help meet reserve requirements under the U.S. GENIUS Act. One of the funds tokenizes shares of its existing Treasury liquidity strategy on Ethereum, while the other is an institutional-grade money market instrument designed to support multiple chains and automatically reinvest returns.
Odaily News: Prediction market platform Kalshi has announced the launch of an AI-powered tool called Blanket, designed to help small businesses hedge operational risks such as weather, energy prices, tariffs, and elections using event contracts.Blanket was developed by independent fintech entrepreneur Lauris Zminsky and operates on Kalshi's CFTC-regulated prediction market, though it is not an internal Kalshi product. The tool does not directly execute trades or handle funds; instead, it uses AI to analyze risks faced by businesses and recommends Kalshi event contracts that can be used for hedging.Kalshi stated that small businesses are becoming a key growth area, with an increasing number of companies using event contracts to manage uncertainty from abnormal weather, sports events, transportation costs, and tariff fluctuations. However, Blanket has also sparked debate over the positioning of prediction markets. Supporters argue that prediction markets are democratizing risk management tools previously available only to large financial institutions, while critics worry that they may further promote the "gamification" and speculative nature of financial products.Kalshi has already obtained regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) and emphasized that its platform differs from casinos, offering stronger user protection mechanisms and greater transparency. (Fortune)
Chip company Cambricon released its financial report for the first half of 2026. The company's total operating revenue was 5.996 billion yuan, a year-on-year increase of 108.13%; net profit attributable to shareholders of the parent company was 2.311 billion yuan, a year-on-year increase of 122.61%; net profit after deducting non-recurring gains and losses was 2.166 billion yuan, a year-on-year increase of 137.3%. Basic earnings per share was 3.68 yuan, a year-on-year increase of 119.05%. The financial report shows that R&D investment accounted for 11.72% of operating revenue, a year-on-year decrease of 7.09 percentage points, mainly due to the rapid expansion of revenue scale.
According to Odaily, Randi Abernethy, Head of Clearing and Group Risk at Bullish, stated that the U.S. Senate's failure to pass the Digital Asset Market Clarity Act (CLARITY Act) does not mean the digital asset market will stop developing; rather, it highlights the necessity of establishing a federal regulatory framework.Abernethy noted that during the Senate's consideration of the CLARITY Act, traditional U.S. financial institutions have continued to accelerate their entry into the on-chain market. JPMorgan Chase has explored tokenized ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), and more than 50 institutions (including BlackRock and Goldman Sachs) are also participating in the development of tokenized stock and Treasury bond infrastructure. The current regulatory discussion is no longer just a "crypto industry issue," but one that concerns the future infrastructure of the entire financial system.Abernethy cited the 2008 financial crisis as an example, noting that financial risk spreads along shared infrastructure, and even institutions not directly involved in related assets can be affected. Today, the stablecoin market size has exceeded $100 billion, with a large portion of stablecoin reserves invested in U.S. Treasuries. If a major stablecoin were to face a crisis, it could impact liquidity in traditional financial markets. She stated that supporters of the CLARITY Act believe the bill could establish a unified regulatory framework for the digital asset market, including core investor protection mechanisms such as customer asset segregation, conflict of interest management, capital requirements, and information disclosure. (CoinDesk)
Odaily News: Major U.S. financial institutions continue to advance on-chain operations. JPMorgan is tokenizing ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), with over 50 companies including BlackRock and Goldman Sachs already connected to the same infrastructure for tokenizing equities and U.S. Treasuries. BlackRock's CEO stated that tokenization is a way to "update the plumbing of the financial system." Bullish Exchange's Head of Clearing and Group Risk, Randi Abernethy, testified before the U.S. House Financial Services Subcommittee regarding the CLARITY Act in July 2026.
Pump.fun has announced the rollout of a social trading feature upgrade in its App, further enhancing community interaction and the trading experience. This update includes: users can create token alerts to send notifications to all followers; support for zero-fee trading; and support for seamless cross-chain transactions using USDC.
Bitcoin News posted on X platform that a Trezor user claimed their life savings were stolen after clicking a Google-sponsored search result impersonating Trezor. The phishing page was hosted on Google Sites and allegedly tricked the victim into entering their wallet recovery seed. Trezor stated that it is upgrading its handling of the report, proceeding with the removal of the website, and reminding users to never enter wallet backups or mnemonic phrases on any website or online form. Google-sponsored phishing ads remain an ongoing attack vector for crypto users.
Bitcoin developer Chris Guida has reset the PoW change code written by Bitcoin developer Luke Dashjr in 2017 onto the recent Bitcoin Knots codebase. The code has not yet been scheduled for activation, and Guida stated that it serves as a contingency plan and is not an imminent fork. BIP-110 is a temporary soft fork proposal that aims to restrict arbitrary data embedded in Bitcoin transactions within approximately one year, including restoring the OP_RETURN 83-byte consensus limit. The proposal requires 55% miner signaling support, meaning 1,109 blocks out of 2,016 blocks, to achieve early lock-in. If the threshold is not met, the forced signaling window will begin at block 961,632, expected to occur around August 8 or 9. Nodes implementing BIP-110 will subsequently reject blocks that do not emit a support signal, with lock-in expected no later than block 963,648 and activation targeted at approximately block 965,664. As of 8:15 AM Eastern Time on August 7, 2026, the chain tip height is 961,425, with 207 blocks remaining until the forced window begins. Only 47 out of 1,818 blocks have emitted a BIP-110 support signal, with the current signaling rate at approximately 2.59%.
Odaily News, According to official sources, USDC has been natively deployed to X Layer, and OKX Wallet now supports native USDC on X Layer. Users can send, receive, pay, and conduct on-chain transactions with USDC directly within OKX Wallet, and leverage CCTP for 1:1 lossless cross-chain transfers, further improving the efficiency of cross-chain capital flows. Additionally, native USDC on X Layer can be directly used in on-chain applications such as DeFi within the X Layer ecosystem, helping users achieve seamless asset movement across multi-chain ecosystems.
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
Sharplink CEO Joseph Chalom (former Head of Digital Assets Strategy at BlackRock) posted that the EIP-8363 "decreasing issuance burn" proposal currently being discussed in the Ethereum community will gradually reduce validator staking yields by about 2.75%, until yields reach zero when staking volume reaches about half of the total supply; validators will then rely solely on transaction tips, accounting for 15% of current yields, to maintain operations. Chalom strongly opposes this, listing four major reasons: 1. Harms DeFi: Staking yields are the benchmark interest rate for on-chain lending; cutting them will raise on-chain capital costs and compress the collateral value of liquid staking tokens (approximately $35 billion TVL); 2. Weakens institutional appeal: ETH's native productivity is a core advantage distinguishing it from BTC; EIP-8363 will erase this difference, affecting institutional capital inflows such as ETPs and DATs; 3. Destroys ecosystem capital circulation: Issuance rewards are not "leakage," but flow to node operators, client development teams, and ecosystem builders; burning them will cut off the return of capital; 4. Extremely poor timing: Top institutions such as Robinhood, BlackRock, and BNY have successively chosen Ethereum; on-chain stablecoin scale reaches $159 billion, RWA exceeds $15 billion; modifying the underlying economic logic at this moment carries extremely high risk. Chalom expressed support for ETH's long-term deflationary goal, but believes the existing base fee burn mechanism (EIP-1
Odaily News: Starknet announced the completion of a quantum-resistant signature transfer test. A wallet account using quantum-resistant signature mechanisms completed a real transfer on the Starknet mainnet, with transaction fees of approximately 6 US cents, and the transaction can be queried via a block explorer. This account is currently an experimental, unaudited version intended primarily for research and testing.StarkWare stated that this transfer was made possible by Starknet's account model design. Unlike most blockchains that fix the signature algorithm at the protocol layer, each Starknet account is a smart contract that can autonomously define which signature schemes it accepts. As a result, users can upgrade their wallets from traditional elliptic curve signatures to quantum-resistant signatures without a hard fork, without migrating assets, and without changing their addresses.StarkWare pointed out that most blockchains face quantum computing risks because both wallet signatures and the underlying verification systems rely on elliptic curve cryptography. Once large-scale quantum computers emerge, running Shor's algorithm could break the associated cryptographic systems. Currently, the Starknet ecosystem already supports a quantum-resistant signature scheme based on Falcon-512, which is part of the NIST post-quantum cryptography standardization framework. The relevant implementation has been advanced by ecosystem teams and organizations such as OpenZeppelin.
Bitget PoolX launches project 2U2.ai (2U2). Users can lock ETH or 2U2 to share 4.2 million 2U2 airdrop. Among them, the ETH locking pool airdrop total is 3.8 million 2U2, with an individual locking limit of 1,500 ETH; the 2U2 locking pool airdrop total is 400,000 2U2, with an individual locking limit of 35 million 2U2. The locking period is from August 7, 20:00 to August 11, 20:00 (UTC+8). Additionally, users with a positive net ETH deposit amount during the event can receive a 3% ETH interest rate boost coupon after the PoolX event ends; users participating in PoolX for the first time who meet the net deposit condition can receive a 12% ETH interest rate boost coupon.
Odaily News: Bitget PoolX has listed Lagrange (LA). Users can stake LA to share in an airdrop of 260,000 LA tokens, with a personal staking cap of 6 million LA. The staking window opens from August 7, 20:00 to August 12, 20:00 (UTC+8).
Odaily News: Bitcoin mining company and mining service provider BitFuFu has released its unaudited Bitcoin production and operational data update for July 2026. The company stated that during July, it strategically acquired additional future hash rate resources by selling a portion of its Bitcoin holdings, with this hash rate expected to come online in August. Combined with the hash rate resources acquired in June, BitFuFu anticipates its managed hash rate will recover to approximately 20 EH/s by mid-August.Additionally, BitFuFu's Bitcoin production in July totaled 112 BTC (40 from cloud mining and 72 from self-operated mining), with an average daily production of 3.6 BTC, both down month-over-month. Its Bitcoin holdings decreased from 1,671 BTC in June to 1,314 BTC. (WSJ)
The U.S. Digital Asset Market Clarity Act (CLARITY Act) failed to seize a critical advancement window before the Senate's summer recess, and the market is now focusing on whether the U.S. crypto industry can continue to develop even if the bill ultimately fails.Analysts believe that if the CLARITY Act fails to pass, it would be a significant setback for the crypto industry, but not a fatal blow. The bill was designed to clarify the boundaries between securities, commodities, and other categories of digital assets, determine the agencies responsible for overseeing related businesses, and grant the U.S. Commodity Futures Trading Commission (CFTC) clearer regulatory authority over crypto commodity trading.Currently, the bill's progress has stalled, and the likelihood of comprehensive crypto market structure legislation being enacted before the end of the year is declining. This means the U.S. may still lack a clear digital asset regulatory framework, particularly regarding oversight of trading in major crypto assets such as Bitcoin (BTC) and Ethereum (ETH), where jurisdictional gaps remain between the CFTC and the U.S. Securities and Exchange Commission (SEC).However, industry insiders point out that even if the CLARITY Act fails, the SEC and CFTC are still likely to continue advancing industry development through policy statements, regulatory guidance, and existing enforcement authority.In recent years, both agencies have issued multiple pieces of guidance clarifying the regulatory boundaries of business models such as crypto mining, Meme coins, and staking rewards. One of the most significant measures among these is the digital asset taxonomy framework, which seeks to establish standardized regulatory classifications for different types of digital assets. (CoinDesk)
Odaily News - Hyperliquid Policy Center (HPC) announced that it has submitted a policy statement regarding the Commodity Futures Trading Commission (CFTC) Agricultural Advisory Committee meeting, supporting U.S. users' participation in the on-chain derivatives market and calling on regulators to adopt a gradual path to promote the development of innovative products such as Perpetual Futures.HPC stated that the U.S. derivatives market originated in agriculture. In the 19th century, grain exchanges in the U.S. Midwest used futures contracts to help farmers and traders discover prices and manage future delivery risks. Since 1922, the U.S. futures market had been regulated under the Department of Agriculture for a long period, until Congress established the CFTC in 1974, placing oversight of the agency under the jurisdiction of the Senate and House Agriculture Committees. Modern derivatives regulation should still revolve around the actual users of the market. Agricultural producers and processors have always been important constituents served by the CFTC, and market participants' needs for product choice, risk management tools, and market innovation should also serve as important references for the evolution of regulatory policy.HPC noted that perpetual futures are now becoming an important innovative derivative in the digital asset era. The committee's discussions on product choice, risk management gaps, and market modernization are highly relevant to current regulatory efforts to explore a regulatory framework for on-chain derivatives. In the submitted statement, HPC put forward three key points:1. Market choice is crucial for risk management. Users in agricultural and other derivatives markets need more tool options. Past experience with restricting innovative products suggests that closing off market choices without adequate evaluation can impose costs.2. A phased approach by the CFTC to regulating perpetual futures is a reasonable direction. HPC stated that the development of new derivatives should be driven by end-user demand rather than relying solely on regulatory presuppositions.3. Public blockchains can enhance the efficiency of financial infrastructure. HPC believes that blockchain technology can modernize clearing and settlement systems, improve collateral liquidity, while continuing to comply with the Commodity Exchange Act's requirements regarding market integrity and risk protection.
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)