News linked to both this project and an event.
According to TechFlow Research, Morgan Stanley's August 16 research report noted that Reuters reported PE giant Silver Lake is in talks to acquire Workday, driving a collective surge in the software sector last Friday. Workday has a market cap of approximately $50 billion. If acquired at a 30% to 40% premium, the valuation would be approximately 5x 2027 P/S ratio and 16x 2027 free cash flow, both below historical averages. Morgan Stanley believes this indicates software stocks may have become cheap enough to entice PE firms to re-enter the market; if the deal materializes, it will boost sector valuations. The report also noted that while open-source models suppress token prices, hyperscalers can still maintain 20% to 60% ROIC on their proprietary compute. Investor surveys show 52% expect increased divergence within software stocks, with bulls numbering approximately twice that of bears. Morgan Stanley expects Cursor's annualized ARR to reach $8 billion by year-end and $33 billion by 2030, maintaining an Underweight rating on Netcompany. PE returning to acquisitions, cost layering of open-source models, and investor confidence repair—these three signals indicate software sector valuations have been compressed to a critical point.
According to Bitcoin.com, the EU adopted the 21st package of sanctions against Russia on July 23, further tightening controls in the cryptocurrency sector. The new regulations impose trading bans on 14 crypto service platforms in Georgia, Panama, the UAE, Belarus, and other locations, and starting from August 25, prohibit Russian and Belarusian citizens from holding any position or ownership in crypto service providers under the EU's MiCA framework. Additionally, new provisions authorize the EU to impose comprehensive trading bans on third countries that "systemically and persistently fail to prevent" sanctioned crypto activities, granting extraterritorial effect to the relevant regulations.
Odaily News: Sheldon Lee, founder of cryptocurrency exchange BitMart, stated that a post on X claiming users were unable to withdraw funds and that some employees had not received their July salaries is a "fabricated rumor," adding that the exchange's Chinese-language account had been hacked. Critics, including users and on-chain investigator ZachXBT, have demanded that BitMart resume withdrawals or undergo an independent third-party audit. BitMart is gradually winding down operations, with the final trading day set for August 26. Troubled investment firm Echo Base said it had proposed a funded restructuring plan to BitMart but received no response. The firm warned that resolving a large volume of customer claims may require proceedings through the courts. (CoinDesk)
Odaily News The U.S. Department of the Treasury released on August 17 a Notice of Proposed Rulemaking (NPRM) regarding the implementation rules for the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), and is seeking public comments to advance the establishment of a U.S. regulatory framework for payment stablecoins.Treasury Secretary Scott Bessent stated that the Trump administration and Congress have driven the passage of the GENIUS Act, establishing a "landmark regulatory framework and clear rules" for payment stablecoins, and the Treasury is accelerating the implementation of related systems. He stated that the Treasury hopes to support innovation and development by U.S. companies by providing regulatory certainty, while consolidating the U.S. dollar's status as the global reserve currency and positioning the United States as a global hub for crypto assets.Under the GENIUS Act, starting January 18, 2027, any entity seeking to issue payment stablecoins in the United States will generally be required to obtain an appropriate federal or state license. Additionally, digital asset service providers will generally be prohibited from offering, selling, or distributing payment stablecoins issued by foreign entities to the U.S. market, unless the foreign issuer has the technical capability to comply with U.S. regulatory requirements and can adhere to relevant arrangements reached between the United States and the issuer's jurisdiction.Starting July 18, 2028, the Act further requires that digital asset service providers generally may not offer or sell payment stablecoins to "U.S. persons" unless the relevant stablecoins are issued by a licensed issuer.The Treasury's draft rules primarily provide regulatory interpretation on two key issues: first, clarifying what constitutes "issuing payment stablecoins in the United States" to help issuers determine when they need to obtain a license under the GENIUS Act; second, clarifying what constitutes "offering or selling payment stablecoins to U.S. persons" to provide compliance guidance for companies participating in the U.S. stablecoin market.The U.S. Department of the Treasury stated that the public comment period will last 60 days following publication in the Federal Register, during which the public and industry participants may submit comments.
According to QCP, the preliminary U.S. University of Michigan Consumer Sentiment Index for August dropped to 51.0, July retail sales fell 0.6% month-on-month, and combined with previously weak employment data, market expectations for the Fed's short-term policy tightening have declined, with federal funds futures showing a probability of about 30% for a 25 basis point rate hike in September.
Multiple BitMart users and employees jointly signed and issued a public accountability statement, demanding that BitMart founder Sheldon and his partner Lee Yi publicly respond to the following issues by August 19: the whereabouts of user assets and verifiable proof of reserves, the decision-making process regarding withdrawal limits, investigations into affiliated accounts and fund flows, payment arrangements for overdue employee salaries and compensation, and a specific, executable user repayment plan. The statement noted that a large number of users are still unable to withdraw assets normally, and some employees have not even received their salaries for the last month or the compensation they are owed. The signatories stated that if a complete and transparent response is not received by August 19, they will submit relevant materials and leads on fund flows to law enforcement agencies, regulatory bodies, and media across various regions, demanding further investigation.
Odaily News Employees of the BitMart platform posted on X, publicly addressing BitMart's management and relevant parties in charge, raising five demands concerning platform user assets and employee salaries. These include requiring BitMart to disclose its wallets, assets, liabilities, and available reserves, explain the reasons why users cannot withdraw funds normally, investigate the flow of funds related to user assets, and pay employees' overdue wages and compensation.Additionally, the user demands that BitMart publish an executable user repayment plan before August 19, specifying remaining assets, total liabilities, the user repayment ratio, repayment priority, and timeline, and submit to independent third-party audits.
Odaily News, August 14 — The Austrian Financial Market Authority (FMA) announced a €70,000 fine against crypto asset trading platform Bitpanda. The FMA stated that this is the first legally binding penalty case under the MiCA framework. The FMA noted that Bitpanda violated Article 8 of MiCA by failing to notify the authority and submit a whitepaper at least 20 days before the relevant crypto assets were approved for trading. Additionally, Bitpanda issued marketing notices without first publishing the required whitepaper, in violation of Article 1 of MiCA. The FMA stated that MiCA has moved from mere regulation to the enforcement phase, emphasizing that even though Bitpanda is the first publicly penalized case, it will not receive special treatment. Markus Miller stated that a license can only build trust if the relevant rules are continuously complied with. (Bitcoin.com News)
Odaily News, Tornado Cash founder Roman Storm stated that if the logic behind the U.S. Department of Justice's (DOJ) case against him holds, tech companies Google and OpenAI should also be held liable for North Korean hackers abusing their products. Those involved reportedly used ChatGPT to write code and Google Gemini for forgery and image manipulation. Storm was convicted in August 2025 of conspiracy to operate an unlicensed money-transmitting business. He pointed out that the Tornado Cash case could set a legal precedent where software developers are penalized for criminal acts committed by users, emphasizing that criminals should be held accountable rather than the developers of tools. The CLARITY Act for digital asset markets is intended to provide protections for software developers by distinguishing developer liability from the potential misuse of protocols for illegal activities. However, although a final motion for consideration of the bill has been scheduled for a vote, its current chances of passage remain low. (Bitcoin News)
Odaily Odaily News: In an operation codenamed "Lightning Strike," Hong Kong police arrested 14 men and 3 women aged between 20 and 54, including 13 Malaysians and 4 locals. They also raided 3 locations and seized HK$3.67 million in cash, believed to be criminal proceeds. The scam syndicate recruited Malaysians from overseas, arranging their flights and accommodation to come to Hong Kong as runners. They would pose as relatives of elderly victims, falsely claiming they had been arrested by police and demanding bail money, then arranging runners to collect the cash. Police investigations revealed that the syndicate collected a total of HK$4.67 million in fraudulent proceeds between June 4 and August 14. The case involves 22 victims, with reported losses totaling HK$2.47 million. On August 14, police arrested 5 individuals, including 2 local men, 2 local women, and 1 Malaysian man, all of whom are currently detained for investigation. Police also recovered HK$200,000 in fraudulent funds. Police stated that some foreign currency or virtual currency exchange shops were exploited by the syndicate to process or transfer fraudulent funds, and reminded these shops to verify customer backgrounds, transaction purposes, and fund sources, while also watching for abnormal cash and virtual currency transactions. Conspiracy to defraud carries a maximum sentence of 14 years in prison. (HK01 NFT)
Odaily News: Cryptocurrency exchange Binance will stop processing transactions involving 16 crypto asset service providers, with restrictions taking effect in three batches on August 7, August 13, and August 23. Users will not be allowed to send or receive assets directly or indirectly with the relevant entities after the corresponding dates. The affected platforms include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, HTX, EXMO, Rapira, Bitpapa, and Exnode, among others. Transactions initiated after the effective dates may be temporarily withheld and subject to compliance review, and affected wallets may face temporary restrictions. The United States has imposed sanctions on Shelbit and Aban Tether, which are linked to an Iranian crypto network; the UK has also imposed sanctions on Russia-related trading platforms and the A7 network. A7 claims it transferred over $90 billion in funds last year. (Bitcoin.com News)
According to Binance's official announcement, due to recent changes in regulatory requirements, Binance will stop processing relevant transactions involving multiple crypto asset service providers in batches. Among them, platforms such as HTX (Huobi Global SA), EXMO Ltd, BitPapa, and Rapira will take effect from August 23, 2026. Previously, Shelbit and Aban Tether Exchange took effect on August 7, and A7 Nigeria, PilotFinance Ltd, and others took effect on August 13. Binance reminds that if users attempt to trade with relevant entities after the above dates, they will face additional compliance reviews, and relevant wallets may be restricted.
According to Decrypt, the U.S. Securities and Exchange Commission (SEC) has canceled the public meeting originally scheduled for this Friday. The meeting was planned for three commissioners to vote and discuss whether to seek public comment on an issuance exemption framework tailored for crypto assets—this would be the SEC's first time advancing targeted legislation for the crypto industry. An SEC spokesperson announced the cancellation citing "unforeseen scheduling issues" without announcing a new date. Meanwhile, the U.S. Senate adjourned last Saturday, failing to advance the Clarity Act, and data from prediction market Myriad shows the probability of the bill being signed into law within 2026 is only 20%. Notably, the Commodity Futures Trading Commission (CFTC) will still hold the first meeting of the Innovation Advisory Committee as scheduled on August 20, with agenda items covering "crypto regulatory evolution" and artificial intelligence, but this meeting will only produce recommendations and does not carry legislative authority.
Odaily News: The U.S. Securities and Exchange Commission (SEC) today canceled a public meeting originally scheduled for Friday. The meeting was set to consider a tailored issuance regime for investment contracts involving crypto assets. The SEC cited "unforeseen scheduling issues" as the reason for the cancellation, without providing further details. The cancellation comes after the Senate entered its August recess without holding a full chamber vote on the Cryptocurrency Market Structure Act (CLARITY Act). SEC Chairman Paul Atkins said in a CNBC interview on July 27 that if the Senate failed to pass the CLARITY Act, the SEC was "ready, willing, and able" to issue rules for digital assets. Previously, the CLARITY Act missed its pre-recess voting window due to a dispute over which authority would hold enforcement powers over ethics provisions.
Odaily News: A final ruling by a Washington State court in the United States requires the prediction market platform Kalshi to stop offering event contracts related to sports, elections, politics, entertainment, culture, technology, science, and "named person mentions" in the state, and prohibits the promotion of related products to consumers in the state. Kalshi must implement geoblocking via IP addresses and user place of residence by August 19, and upgrade to a multi-source geofencing system by September 2. Contracts related to commodities, climate, economics, and finance are not subject to this ban. Kalshi previously applied for a stay of the ban, but the request was denied by the Washington State Court of Appeals.
The U.S. Commodity Futures Trading Commission announced that it will hold an Innovation Advisory Committee meeting on August 20 to explore feasible solutions for advancing cryptocurrency regulation against the backdrop of Congress not passing the CLARITY Act.
Odaily News – The U.S. Commodity Futures Trading Commission (CFTC) has released the agenda for the first meeting of its Innovation Advisory Committee (IAC). The committee will convene its inaugural session on August 20, focusing on regulatory topics in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the United States has long been a global hub for financial innovation, and expressed hope that through dialogue with innovative entrepreneurs, researchers, and industry builders, the committee can explore how emerging technologies and financial products can drive market development, and jointly chart the "new frontier of finance."The meeting will be livestreamed via the CFTC's official website. Committee members and participants will discuss topics including digital asset regulatory frameworks, the impact of AI technology on financial markets, and the development of prediction markets.The public may submit comments before August 27, which will be published on Regulations.gov, the U.S. federal regulations website. The CFTC noted that the meeting agenda may be adjusted based on the committee's subsequent priorities.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and market innovation trends. Its discussions cover critical areas—including digital assets and artificial intelligence—that could shape the future structure of financial markets.
Odaily News: The Financial Services Commission of South Korea has announced that it will further raise the investor threshold for single-stock leveraged ETFs and ETNs, with the new rules set to take effect on August 19. In addition to the existing 30 million KRW base margin and 3 hours of prior education, first-time individual investors in leveraged products on single domestic and foreign stocks will also be required to complete simulated trading.In addition, the management standards for deviation rates of ETFs and ETNs will also be comprehensively tightened. The closing deviation rate management range for domestic ETFs and ETNs will be tightened from 3% to 2%, while for overseas products it will be tightened from 6% to 5%. For deviation rates calculated as negative values, they will be computed based on their absolute values. Under the new rules, if the deviation rate exceeds twice the management range, a screening and designation notice will be triggered; if the deviation rate again exceeds twice the range within 10 trading days from the date of the designation notice, or exceeds the standard for two consecutive trading days, the product may be designated as an investment caution item, after which a call auction will be conducted for 3 trading days.The Financial Services Commission explained that the tightened regulation is due to the negative compounding effect of single-stock leverage products, where investors may incur losses even if the underlying asset remains flat, and it hopes investors will fully understand the product structure and risks before making actual investments. (Yonhap)
PPP Prediction Market Tool monitoring shows that on Polymarket, the probability of an "Iran-Oman Strait of Hormuz agreement before the end of August" has dropped to 36%, down 21% in 24 hours; the probability of an Iran-Oman Strait of Hormuz agreement before the end of September has dropped to 66%, down 14% in 24 hours.The event rules state: If Oman and Iran announce a diplomatic agreement regarding traffic in the Strait of Hormuz before the specified date (11:59 PM ET), the outcome will be judged as "Yes." A diplomatic agreement refers to a formal agreement, treaty, deal, or substantially similar diplomatic instrument between Oman and Iran that aligns on relevant actions, policies, obligations, or commitments. Credible sources include official information from the Omani and Iranian governments, as well as a consensus of credible reports.Iran's Supreme National Security Council previously stated that if Iran and Oman reach an agreement on transit through the Strait of Hormuz, that agreement will be handled separately from the issue of the strait's closure. As long as the U.S. does not change its behavior or accept Iran's conditions, the Strait of Hormuz will not reopen. The U.S. must end the war, release frozen Iranian funds, and bring an end to all conflicts across the region, including in Lebanon and Gaza. Additionally, other conditions communicated to Washington via intermediaries must also be met.Join the PPP Signal Push Community to stay one step ahead and seize the initiative.
According to The Block, the Blockchain Association filed an amicus curiae brief on August 13 supporting Custodia Bank's appeal to the U.S. Supreme Court, requesting a review of the legality of the Federal Reserve Bank's refusal of its master account application. The Blockchain Association pointed out that this case concerns whether legitimate digital asset enterprises can compete in a fair environment, and warned that the lower court ruling provides a precedent for federal regulators "to debank unpopular industries in the future without the intervention of state regulators." Custodia Bank was founded by Wall Street veteran Caitlin Long, applied for a Fed master account in October 2020, was rejected by the Federal Reserve Bank of Kansas City in January 2023 on the grounds that the crypto business model posed risks, subsequently lost twice in the district court and the Tenth Circuit Court of Appeals, and was denied rehearing by the full court in a 7 to 3 vote in March 2026. The Federal Reserve Bank of Kansas City must respond to the Supreme Court application by September 11.