News linked to both this project and an event.
According to Bifrost's monitoring, at 19:47 Beijing time on August 8, hackers exploited a vulnerability in the liquidity pool, stealing approximately $720,000 worth of assets from the vDOT single-asset pool and the vASTR/ASTR and vMANTA/MANTA pools. The stolen assets were subsequently deposited into HitBTC and eventually flowed into Binance. Bifrost has contacted Binance's security department to submit a fund freeze request and has filed a report along with a chain of custody evidence package, including transaction tracking, wallet addresses, and timestamps, with law enforcement authorities. Currently, Bifrost has halted all liquidity mining rewards and is conducting a comprehensive security review.
Odaily News: U.S. Senate Majority Leader John Thune has filed a motion to invoke cloture on the motion to proceed to consideration of the Digital Asset Market Clarity Act (CLARITY Act), with the Senate scheduled to hold the related procedural vote on September 15. The vote is expected to take place when the Senate reconvenes at 2:15 PM ET that day. The motion requires 60 votes to pass, meaning Republican lawmakers will need Democratic support to clear the procedural threshold. The two parties are still negotiating over provisions such as ethics rules and stablecoin reward regulations, with those differences having previously prevented an agreement before the August recess. This vote only concerns whether to begin floor consideration of the bill and does not represent a final vote or passage by the Senate. The CLARITY Act aims to establish a federal market structure for digital assets, clarify the conditions under which certain crypto assets are subject to securities or commodities law, and define the regulatory responsibilities of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.
Odaily News: The Senate Majority Leader submitted a motion early Saturday morning to begin consideration of the Digital Asset Market Clarity Act, following a late-night voting session in the Senate. Due to the late timing of the motion, the Senate will not be able to vote on the crypto market structure bill before the August recess. The motion paves the way for an almost immediate preliminary vote on the bill when the Senate reconvenes next month. Lawmakers still need to reach agreements on government ethics, enforcement provisions, and issues such as stablecoin yield and rewards before the bill can move forward smoothly.
Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
Odaily News, August 7 — The Senate announced that the vote on the Clarity Act has been postponed to September. Senator Lummis, a supporter of the Clarity Act, posted on X, saying, "I have put so much long and hard work into this bill, so you can imagine how frustrated I am right now. Someday I will have more to say, but for now, allow me to say this: we have come this far, and now is absolutely not the time to give up.""I will not give up, because I deeply believe in my heart that this industry deserves to thrive under clear rules on American soil; consumers deserve to be protected from fraud and have the confidence to participate in our digital economy; and law enforcement should also have the necessary tools to hold bad actors accountable.""The Clarity Act is the only way for us to achieve these goals. The status quo is flawed in every way, and I will not rest until we fix this broken system. I will continue to work hand in hand with my colleagues to reach this goal—this fight is far from over."
Odaily News: SK Hynix's stock price has recently seen a pullback. On August 3, the stock fell 8.79%. Although it rebounded slightly by 0.64% and 5.77% on August 4 and 5 respectively, it plunged another 10.37% on August 6, closing at 1.495 million KRW; on August 7, it dropped a further 4.88%, closing at 1.422 million KRW.Against the backdrop of heightened market volatility, SK Group released an advertisement quoting founder Choi Jong-gun’s famous saying: "Despair and hope are two sides of the same coin; you can turn despair into hope as easily as flipping your palm," and adapted it to: "Unease and anticipation in the AI era are also two sides of the same coin; you can turn unease into anticipation," thereby conveying confidence in the long-term development of the AI industry.Securities institutions believe that short-term stock price fluctuations have not changed SK Hynix's fundamentals, and the market should focus on its HBM4 technology leadership and the earnings stability brought by long-term supply agreements (LTAs). Specifically:1. Hyundai Motor Securities expects SK Hynix's DRAM and NAND bit growth to reach 9.7% and 1.5% respectively in the third quarter. As HBM4 sales contributions expand, even with a higher proportion of LTAs, DRAM average selling prices (ASP) are still expected to rise 19.9% quarter-over-quarter. Companies such as OpenAI and Anthropic are advancing plans to build their own hyperscale AI data centers and intend to raise funds for related construction through IPOs. Even if some large tech companies adjust capital expenditures (Capex) in the future, this could be offset by demand from other AI infrastructure. Additionally, regarding competitive concerns over China's CXMT, given the U.S. continued tightening of semiconductor equipment export restrictions, as well as Micron's expansion of domestic U.S. investment, the likelihood of major companies like Apple adopting Chinese memory chips is relatively low.2. SK Securities is also bullish on SK Hynix's competitive advantages, believing that with its leading position in HBM, partnerships with major North American GPU companies, and AI-driven LTA demand, SK Hynix's market position remains solid. Currently, the HBM supply-demand fulfillment rate is below 70%, and the core value of LTAs lies in ensuring profit sustainability and earnings stability through a "mutual binding structure" between customers and suppliers. With value-reassessment initiatives such as an ADR listing progressing, along with dividend income from the sale of SPC assets related to Kioxia, the company's goal of achieving net cash of 100 trillion KRW may be reached earlier than expected. As shareholder return policies gradually become clearer, this will help the market re-evaluate the value of the LTA model and drive a further re-rating of SK Hynix. (Daum)
The Hyperliquid Policy Center announced that HPC attended the CFTC Agriculture Advisory Committee meeting on August 7 and submitted a formal statement. The statement centered on three points: First, agricultural end-users need diversified market choices, and historical bans on agricultural options have proven the cost of excessive restrictions; Second, the CFTC's phased approach to perpetual contracts is the correct path, and end-user demand should drive the adoption of new derivatives; Third, public blockchains help modernize clearing and settlement infrastructure, while improving collateral liquidity and retaining the market integrity protection mechanisms of the Commodity Exchange Act. HPC stated it will continue to collaborate with the agricultural community to promote the regulated implementation of perpetual contracts in the U.S. market.
Odaily News: One week after the implementation of regulatory measures on single-stock leveraged and inverse ETFs in South Korea, trading activity in related products has noticeably cooled, with trading volume falling below 1 trillion KRW for two consecutive trading days.According to data from the Korea Exchange (KRX), on August 7, the combined trading volume of 16 single-stock leveraged and inverse ETFs in the Korean market stood at 941.2 billion KRW, marking the second consecutive trading day below 1 trillion KRW after the previous day's 919.8 billion KRW.Market observers believe the decline in trading volume is mainly attributed to the new regulatory measures implemented on July 31. The new rules raise the capital threshold for ordinary retail investors to participate in single-stock leveraged ETFs, increasing the base margin requirement from 10 million KRW to 30 million KRW in cash.Data shows that on the day before the regulation took effect (July 30), the trading volume of the 16 related ETFs reached as high as 12.45 trillion KRW. On the first day of regulation (July 31), it plummeted to 3.15 trillion KRW, and has continued to decline since, dropping to 1.39 trillion KRW and 1.26 trillion KRW on August 3 and 4 respectively, before falling below 1 trillion KRW in recent days.Meanwhile, the share of single-stock leveraged and inverse ETFs in the overall Korean ETF market turnover has also dropped significantly, falling to 5.6% on August 7, compared with 30% to 40% before the regulation.However, Korean securities institutions point out that investment demand has not completely disappeared. Instead, there is evidence of "regulatory arbitrage" or a "balloon effect," with funds shifting toward semiconductor leveraged ETFs and overseas-listed leveraged products.Jung Hyun-jong, a researcher at Korea Investment & Securities, stated that while single-stock leveraged ETF trading volumes have declined following the regulation, semiconductor leveraged ETF trading volume has actually increased, indicating that some capital is rotating into alternative products. Overseas market products may also become targets for capital flows. Jung noted that since overseas-listed ETFs are not subject to domestic Korean regulatory restrictions, investors may turn to overseas single-stock leveraged ETFs. Among them, the Hong Kong-listed CSOP SK Hynix Daily (2x) Leveraged Product is currently one of the largest single-stock leveraged ETF products globally by market capitalization. Domestic Korean regulatory measures alone are unlikely to fully curb investor demand for semiconductor cycles and high-leverage strategies, and the long-term effectiveness of the regulation will require continued observation. (Daum)
Odaily News: The Japan Financial Services Agency (FSA) has announced personnel appointments. As part of its organizational restructuring, the agency has established a new "Crypto Assets and Stablecoins Division" dedicated to overseeing crypto assets and stablecoins, with Toshiaki Adomi appointed as its first Director. Adomi graduated from the Faculty of Law at Osaka University in 2002 before joining the FSA. He subsequently earned an MBA from the University of Birmingham in the UK and an LLM from the London School of Economics and Political Science, holding positions in banking supervision and policy coordination. From July 2025, he served as a Counselor at the General Policy Bureau, and until August 1, 2026, held the role of Senior Counselor for Postal Savings and Insurance Supervision.
Odaily News: Airport retailer Dubai Duty Free launched Crypto.com Pay on August 5, 2026, available to eligible UAE residents, covering Dubai International Airport, Al Maktoum International Airport, and its online store. Customers can select Crypto.com Pay in-store, scan a QR code displaying the amount in UAE dirhams, and authorize the transaction through the Crypto.com App; online customers can choose this method at checkout and confirm payment. Dubai Duty Free settles transactions in UAE dirhams through regulated payment infrastructure. The payment service operates under the regulatory framework of the Central Bank of the UAE's (CBUAE) stored value facility. Crypto.com previously obtained a CBUAE stored value facility license, enabling it to provide regulated payment services in the UAE.
Senator Tim Scott stated that the U.S. Senate will hold a first vote on the Clarity for Digital Assets Market Act before the August recess, and the bill requires 60 votes to pass.
Odaily News: Summer Mersinger, CEO of the Blockchain Association and former Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), stated that the Clarity Act prohibits payments made solely for holding stablecoins, as well as programs that are economically or functionally equivalent to interest on bank deposits, with penalties attached to such attempts in the text. She noted that an August 4 editorial on the Clarity Act acknowledged that the bill would end the regulatory gray area left by the previous administration, provide investors and banks with rules that future governments cannot arbitrarily overturn, and open pathways for innovations such as tokenized stocks and bonds.
According to Cryptopolitan, the U.S. Senate is scheduled to enter recess on August 7, leaving an extremely limited window for the CLARITY Act to pass before then. If voting is not completed this week, the next feasible window will be delayed until September, and if missed again, it could be postponed until after the midterm elections, meaning enactment may not occur until 2027. The main disagreement over the bill currently lies in the Democrats' insistence on adding crypto ethics clauses for senior government officials, but the consolidated draft has not yet incorporated relevant provisions. During the regulatory vacuum, large institutions such as Coinbase and Circle are better equipped to adapt to the uncertain environment due to their capital strength—ARK Invest increased its holdings in both companies this week, and Circle was approved for a federal national trust bank charter in July—while small and medium-sized crypto enterprises and DeFi projects continue to face pressure. In terms of the market, Polymarket data shows that the probability of the CLARITY Act passing within 2026 has dropped to 23%, a significant decline from Galaxy Research's prediction of 67%–75% in mid-May.
According to HK01, the Hong Kong Police updated information on the virtual currency "Fun Coffee" fraud case, disclosing that as of August 5, a total of 255 related reports had been received, an increase of 30 cases from earlier. The total involved losses have increased to approximately HK$104 million. In addition, the Macau Judicial Police arrested two women involving 9 cases worth about MOP 3.6 million. Regarding some TVB artists having previously hosted activities related to the Fun Coffee fraud case, the Hong Kong Police stated that they will definitely contact victims and relevant individuals during the investigation to determine the masterminds of the fraud and the roles played.
According to Globenewswire, Grayscale Investments announced on August 5 that it has completed the Q2 2026 review and rebalancing of its multi-asset funds, involving three products: the Grayscale Decentralized Finance Fund, the Grayscale Smart Contract Fund, and the Grayscale Decentralized Artificial Intelligence Fund, and disclosed the latest constituent assets and weights as of August 3, 2026.
Odaily News: The U.S. Senate has not yet indicated whether it will take up the Digital Asset Market Clarity Act. With only two session days remaining before the summer recess, the Senate has also made no official statement on whether or when a vote on the bill will take place. The Senate could address the bill after returning to Washington in September, but limited working days remain before the final stretch of the 2026 midterm elections. The Senate may also extend the session, originally scheduled to end on August 7, to make room for a procedural vote on the Clarity Act.
According to Cointelegraph, U.S. Senator Cynthia Lummis stated that the Senate is expected to vote on the Digital Asset Market Clarity Act before the August recess. The bill previously passed the House of Representatives in July 2025, but currently still faces resistance in the Senate, including Democrats' demand to strengthen ethics provisions involving President Donald Trump's digital asset investments, as well as concerns from some Republican lawmakers and the banking sector regarding the relevant provisions.
Odaily News The U.S. Department of the Treasury released a joint statement on August 4, outlining discussions from the U.S.-UK Financial Regulatory Working Group meeting held in London on July 8. Regulators from both countries expanded collaboration in areas including digital assets, stablecoins, payment modernization, AI, financial stability, capital markets, and cross-border financial cooperation. Participants included finance ministries from both countries, the Bank of England, the Federal Reserve, the UK Financial Conduct Authority, and multiple U.S. financial regulatory agencies. The U.S. side provided updates on the implementation progress of the GENIUS Act for stablecoins and digital asset market structure, while the UK side presented its digital strategy for wholesale financial markets. Both sides support comparable regulatory standards for stablecoins, including cross-border usage, comparable treatment of similar risks, and requirements that stablecoins used as money be backed at least one-to-one by high-quality liquid asset reserves. The U.S. Federal Deposit Insurance Corporation has proposed implementation standards for the GENIUS Act, covering reserves, redemption, capital, liquidity, risk management, custody, and safekeeping. The Bank of England has published draft rules for stablecoins that could reach systemic scale in the UK economy, including a temporary issuance cap of £40 billion per systemic stablecoin, unrestricted use by individuals and businesses, and reserve requirements. The Financial Regulatory Working Group is expected to convene again in early 2027.
Odaily News: U.S. Senate Digital Assets Subcommittee Chair Cynthia Lummis stated that the Senate will hold a vote on the CLARITY Act before lawmakers begin their August recess. The bill aims to divide federal crypto regulatory responsibilities and covers ethics, enforcement, consumer protection, and market certainty. Lummis said negotiations around the bill have been ongoing for 11 months, with Democrats proposing more than 300 pages of amendments. Current negotiations still involve sections related to the Commodity Futures Trading Commission (CFTC), enforcement provisions, and ethics rules for senior federal officials. On August 5, Democratic staff on the Senate Banking Committee listed five unresolved areas, including securities protection, illicit finance, national security, and presidential conflicts of interest. Donald Trump has received a bipartisan counter-proposal that would allow state attorneys general to enforce federal crypto ethics rules. Under the CLARITY Act, the CFTC and the U.S. Securities and Exchange Commission (SEC) would share regulatory oversight, establishing distinct pathways for qualifying digital commodities and securities. CFTC Chairman Michael S. Selig and SEC Chairman Paul Atkins both support advancing clearer digital asset regulatory legislation.
Senator Lummis stated that the Senate will vote on the Clarity for Digital Asset Markets Act before the August recess, but the bill still faces obstacles such as controversy over Democratic ethics provisions and the 60-vote threshold.