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According to The Block, bipartisan Senators Thom Tillis (Republican) and Ruben Gallego (Democrat) submitted a new ethics compromise proposal to the White House on Thursday morning local time, attempting to break the deadlock in advancing the Clarity Act cryptocurrency legislation. Currently, there is less than a week left until the Senate recesses on August 7, but the bill still has not obtained the 60 votes required for passage. Democrats insist on adding stricter ethics provisions to constrain the Trump family's crypto interests, including the Meme coins they issued and the World Liberty Financial project in which the family participates, while some Republican senators have objections to the stablecoin interest provisions, worrying that it will divert deposits from traditional banks to the crypto sector. Although the draft leaked last week prohibited public officials and their spouses from issuing digital assets, it did not cover other family members, and included a "sunset clause" expiring in January 2029, which critics believe essentially nullifies the entire ethics provision. Treasury Secretary Scott Bessent subsequently blamed the Democrats on X, stating that they "chose political gaming on the verge of a major victory". The Crypto Innovation Committee (CCI) warned that if the bill fails to pass, the US will hand over its global leadership position in the field of crypto regulation.
Bitget Wallet announces that its crypto payment card, Bitget Wallet Card, has completed a major upgrade and will officially launch the "Assetback" mechanism on August 1, with the asset cashback rate simultaneously increased to 3%. This mechanism will be open to over 50 countries across Europe, Latin America, Africa, and the Asia-Pacific region. Cardholders can freely choose their preferred cashback assets, covering BTC, gold, tokenized US stocks (NVDA, TSLA, GOOGL, S&P 500), stablecoins, and more. The base asset cashback rate is 2%, while new users or users who reach the monthly spending threshold can unlock the 3% cashback tier. This upgrade breaks the traditional model where card swiping only returns cash/points, marking the transformation of Bitget Wallet Card services from consumption cashback to accumulation of appreciating assets. It turns daily consumption into an opportunity for RWA asset allocation, allowing users to achieve a new daily finance experience of "spend to build positions" without needing to open a brokerage account throughout the process or perform extra operations at checkout.
According to TechFlow Research, Goldman Sachs' research report on July 29 pointed out that the 5-year historical percentile of the total leverage ratio of global accounts remains at the 93rd percentile, the hedge fund long-short ratio has decreased from 5.7 times to 3.2 times, and deleveraging progress exceeds 90%. In July, net inflows into US stock funds were $34 billion, marking the third highest level for the same period in nearly 20 years. The S&P 500 fell below the short-term trigger level of 7,453 points; if it continues to decline, it will trigger concentrated CTA selling. Goldman Sachs estimates that systematic strategies hold approximately $196.3 billion in US stock long positions, with CTA positions at the 44th percentile. Goldman Sachs judges that US stocks are unlikely to have a trending market in August, with overall performance dominated by range-bound oscillation. Buybacks are the most certain buying support in August; currently, about 31% of S&P 500 constituents are in the buyback window, and it is expected that over 90% of companies will end the quiet period by mid-August. However, seasonal capital outflows, quantitative selling, and conservative institutional positions jointly suppress upward space. Goldman Sachs recommends reverse dispersion strategies and IWM put options as hedging tools.
The Situational Awareness fund, managed by "AI Stock God" Leopold Aschenbrenner, accumulated a gain of 439% before June 2026. However, it suffered severe setbacks during the AI sector sell-off in July. The fund is currently communicating with existing investors and lenders to seek new capital and is offering some LPs the opportunity to purchase assets from its portfolio.Sources say this capital discussion appears more like an ad-hoc response than an organized new fundraising round. The fund had previously used leverage through prime brokers at several major investment banks to amplify its AI trading exposure, turning market drawdowns further into funding pressure.In a letter to investors on July 24, Aschenbrenner acknowledged that the fund failed to avoid this market shock, noting that Asian markets were particularly affected. However, he believes this sell-off could present the best buying opportunity since early 2025. He plans to open a window for new capital on August 1st and views Anthropic's potential IPO as a catalyst for the second half of the year.According to disclosures, some holdings saw significant declines in July. Oracle and AMD fell approximately 20% for the month, while Nebius, Saronic AI, Bloom Energy, Sandisk, and others saw even larger drops. The Nasdaq 100 index fell about 10% in July, and South Korea's Kospi index dropped by roughly one-third.Currently, lacking specific data on the fund's exact drawdown magnitude, it is difficult to determine whether this fundraising is a passive capital injection driven by leverage pressure or an active move to increase positions for an opportunity. However, market trends suggest it is closer to the former. If forced selling occurs, the deleveraging process could also create discount opportunities in assets whose fundamentals haven't materially changed.
that, according to an official announcement, Binance will cease support for the AEUR product on July 31, 2026, at 03:00 (UTC), including delisting the AEUR/USDT spot trading pair. Starting from August 14, 2026, at 03:00 (UTC), AEUR withdrawals will be disabled, and any remaining AEUR balance in accounts will be automatically converted to Euros at a 1:1 ratio. Users can convert their AEUR to Euros via Binance Convert before this date. Meanwhile, related services such as Binance Simple Earn, Margin, Loans, Payments, and Gift Cards will gradually discontinue support for AEUR between July 30 and 31, 2026.
crypto exchange BitMart announced it will gradually wind down its trading platform business after nine years of operation. The platform halted new user registrations, deposits, and order placements at 01:30 UTC on July 26. All spot and derivatives trading will cease on August 26, and the platform is scheduled to officially shut down on January 31, 2027. BitMart stated that withdrawals will remain open, but checks related to identity, devices, sanctions, and funding sources may slow processing speeds. The company attributed the closure to its operational status, market conditions, and future strategic direction. Its native token, BMX, has fallen 81% over the past week to $0.057, bringing its market cap down to $19.6 million. BitMart previously suffered a loss of $196 million in December 2021 due to a hot wallet vulnerability, and covered the customer losses. Perpetual contract platform BitMEX also recently announced it will shut down after 11 years of operation, making BitMart the second major crypto exchange to announce a closure within a week.
Bitget launches a new round of CandyBomb, with a total prize pool of 160 SOL. This event is exclusive to new futures users. The participation period is from July 23, 21:00 to August 2, 21:00 (UTC+8). During the event, eligible users who complete net deposit and futures trading tasks can receive up to 1.6 SOL in rewards per person. Detailed rules have been published on the official Bitget platform. Users must click "Join Now" to complete registration before participating.
Bitget launches a USDT wealth management event from July 23 to August 6. During the event, users whose net deposit amount reaches the specified threshold can subscribe to USDT flexible wealth management products in the "Simple Earn" section and enjoy corresponding tiered annualized yields, up to 8.5% APR. Eligible net deposit currencies include USDT, USDC, USDGO, and U. For details, please refer to the official Bitget platform.
BitMEX announced that it will officially close the exchange on September 23, 2026, at 04:00 (UTC), and has immediately halted new account registrations. The platform stated that users should close open positions and withdraw funds as soon as possible. Starting from August 26 at 04:00 (UTC), the platform will implement risk restrictions, prohibiting opening new positions and only allowing position reduction; before closure, the platform will also gradually forcibly liquidate existing positions. For users who have completed identity verification but have not withdrawn assets after the closure time, the platform will charge account fees at a rate of USD 50 equivalent per month or 1% annualized (whichever is higher).
Bitget has launched a US stock spot trading event, running from July 22 to August 21. During the event, users who complete a net deposit of at least 100 USDT and engage in stock spot trading, while holding their positions for at least 48 hours, will receive a gift package worth 50 USDT. The rewards include a 10 USDT spot cash voucher and a 40 USDT spot 100% fee rebate voucher. For more details, please refer to the official Bitget platform.
According to TechFlow Research, JPMorgan's quantitative report on July 16 noted that the Philadelphia Semiconductor Index has cumulatively declined by approximately 19% since its high on June 22, but quantitative models indicate that the unwinding of crowding in AI-related sectors is not yet complete. The "AI Bubble Interest Score" tracked by the model remains in the historical highest range; at this level, the probability of SOX falling another 8% or more in the short term exceeds 50%. JPMorgan provided a quantifiable entry signal: only when the score falls out of the historical highest range is it truly time to consider scaling in. Before this, every rebound may be pressed back by panic narratives. For US stock investors, now is not the time to add positions; it is recommended to wait for the window in mid-August, or use put options and defensive sectors to hedge. For A-share investors, the volatility of the domestic AI sector is higher; the same logic can be applied, waiting for clearer right-side signals, with the August earnings period being the key window.
According to the official announcement, Huobi HTX recently launched a new feature, "Invite to Earn Crypto," and provides a 600,000 USDT prize pool, bringing real cash benefits to inviters and new users. From now until 10:00 on August 16 (UTC+8), users can generate an invitation link via the Huobi HTX "Invite to Earn Crypto" page and share it with friends. Friends only need to successfully register via the invitation link and complete designated tasks such as deposits and trading, after which both parties can unlock token rewards, with up to 300 USDT available for each person invited.
According to official announcements, Coinbase will cease support for USDC deposits and withdrawals on the Noble network on August 17, 2026.
According to Cointelegraph, although Bitcoin's cumulative gain since July has approached 10%, marking the best performance in the same period in nearly four years, multiple market analysts warn that the current trend is highly similar to the bear market period in 2022, and the market may turn weak again starting from August. Looking back at 2022, Bitcoin once rebounded nearly 17% in July, but subsequently fell about 14% and 3% in August and September, respectively. Daan Crypto Trades pointed out that Bitcoin currently basically aligns with the historical average July performance, but the third quarter has historically been one of the weakest quarters for Bitcoin, with an average gain of only about 6%. The gradual decline in market liquidity and trading volume may be an important reason leading to the weak performance in the third quarter. Rekt Capital also pointed out that Bitcoin's price trend in 2026 shows high similarity to previous bear market cycles. If history repeats itself, Bitcoin may continue the summer rebound trend in the second half of July, but subsequently face a new round of adjustment.
Decentralized stablecoin USDD announced that within 48 hours of the launch of the TRON DeFi Summer event, it has attracted over $100 million in net capital inflows, driving the TVL of USDD on JustLend DAO to surpass the $400 million mark, with current growth momentum remaining strong. According to previous reports, TRON DeFi Summer officially launched on July 6. USDD, together with JustLend DAO and Binance Wallet, launched the Summer Earn Plan, offering participating users a total reward of $900,000. The event runs from now until August 5 at 07:59 (Singapore Time). Specifically, users who subscribe to USDD via JustLend DAO can not only enjoy the base APY but also participate in sharing a prize pool of 600,000 USDD.
According to Cointelegraph, Bitcoin address "1KV47" recently completed its first transfer operation in nearly 15 years, moving 30 BTC (approximately $1.88 million) out of the wallet. The address initially received the aforementioned Bitcoin in August 2011. This address is one of 39,069 listed addresses in a New York lawsuit, where plaintiff "Noah Doe" and two Wyoming companies are attempting to claim ownership of these dormant Bitcoins under New York State lost property law. According to data from Galaxy Digital Head of Research Alex Thorn, 31 related addresses have transferred 17,527 BTC in June, a significant increase compared to 4,834 in February. Legal experts point out that address dormancy is not equivalent to abandonment of ownership, and in the absence of proof of private keys, the basis of this lawsuit is "extremely weak".
Odaily Planet Daily reports that digital bank and fintech platform Revolut has notified some users that it will officially delist the dollar stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users' remaining holdings into their base fiat currency at the exchange rate of that day.According to the official notice, Revolut will suspend USDT purchase services starting July 6, and will halt USDT deposits after July 30, at which point any incoming USDT transfers will be directly rejected.If users have not sold or withdrawn their USDT by the end of August, their holdings will be automatically converted by the system into the account's base currency. The company attributes this adjustment to "regulatory and risk-related considerations," but has not specified the exact regulatory framework triggering the move.This move reflects the trend of fintech platforms continuously tightening the scope of access to related assets amid the changing global regulatory environment for stablecoins. Previously, trading platforms including Coinbase have delisted USDT in the European market to comply with the EU's MiCA regulatory framework.Currently, Revolut has not clarified whether this policy applies to all regions, but the company has obtained an EU Crypto Asset Service Provider (CASP) license, indicating it is strengthening its compliance-oriented product structure adjustments. (Cointelegraph)
10x Research published an analysis noting that US employment data stronger than expected temporarily caused Bitcoin price volatility, and ETF fund outflows also exacerbated selling pressure. However, active buying from long-term holders helped form price support for the market. Meanwhile, weak employment data also led the market to delay its expectation for the next rate hike from October 2026 to December, providing certain support for Bitcoin's short-term trend. 10x Research added that historical data shows July has always been a month where Bitcoin performs relatively strongly, with an average gain of 9.1%. However, the market usually enters a consolidation phase from August to September, and September might become the low point of this cycle. Bitcoin recently rebounded from $58,500 to $61,500, which may be providing new positioning opportunities for traders.
Analyst Ai pointed out that over the past decade, Bitcoin's 200-week simple moving average (200-week SMA) has been regarded as a core indicator for judging "cycle bottoms." Historically, every time the price touched or fell below this moving average, it was accompanied by a long-term macro accumulation window, followed by a strong upward cycle. Reviewing historical performance:August 2015: Touched the 200-week MA and then started a bull run, with cumulative gains exceeding 8,500%December 2018: Bounced approximately 267% after testing this moving averageMarch 2020: Confirmed support after bottoming out due to the pandemic liquidity shock, followed by a rise of 1,125%June 2022: Fell below for the first time and remained below the moving average for a long period until reclaiming it in December, which triggered a rally of approximately 680%In the current market, the 200-week MA is located around $63,500, while Bitcoin's current price is trading below $60,000. Analysts believe this has already entered a typical long-term value accumulation zone.At the same time, analysts also caution that potential downside risks remain. In the short term, a pullback to $54,000 is possible, and in extreme cases, testing the $40,000 range cannot be ruled out. However, overall, adopting a Dollar-Cost Averaging (DCA) strategy for gradual position building is more suitable.Regarding key observation points, the $63,500 level is seen as the "bull-bear dividing line." If Bitcoin can firmly reclaim and confirm the 200-week MA as macro support on a higher time frame, historical patterns suggest it could signal that the early stages of a new bull cycle have already begun.
Odaily Odaily News Blockchain analyst Vadim noted that Base experienced a network outage today due to a consensus bug triggered by a single invalid block. All block generation after height 47806542 ceased, halting the network for nearly two hours. Since Base utilizes a single sequencer architecture, when that node encountered an error, the entire network stopped running, with no backup block producer or other validator nodes available to bypass the fault and maintain on-chain activity. During the outage, users were unable to conduct transactions, perform liquidations, or process withdrawals.Furthermore, the network recovery process was not automated; node operators within the ecosystem had to manually restart for block synchronization to gradually resume. This is not the first such incident for Base. In August of last year, the network also experienced a freeze lasting approximately 33 minutes due to a sequencer switching failure. The single sequencer model exposes the centralization risks in some current L2 networks: while offering higher speed, the entire chain can come to a halt due to a single point of failure when the core component malfunctions.