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Due is a decentralized payment platform, Open a borderless account for user business, send and receive payments worldwide, with instant access to funds in stablecoins or local currency.
Foreign media: DeepSeek valued at approximately $71 billion before a new funding round, with ARR reaching about $500 million last month
Odaily News: According to sources familiar with the matter, DeepSeek is conducting a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quotas, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance fees reaching up to 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its year-to-date AI infrastructure spending has reached $1.6 billion, nearly 10 times the full-year level of 2025. (Financial Times)
YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.
“Fed Whisperer”: US Treasury Expands Treasury Buyback Scale, Possibly Due to Officials' Concerns Over Market Trends
Odaily News, "Fed Whisperer" Nick Timiraos stated that the US Treasury recently announced it will raise the single-operation buyback cap for long-term nominal coupon Treasury securities from $2 billion to at least $4 billion starting September 9.Timiraos, citing interest rate strategists, noted that the timing of this decision is worth attention: it comes only about two weeks after the Treasury's previous quarterly refunding announcement, and just hours after the announcement, the Treasury had planned to issue $16 billion in 20-year Treasury bonds. This unconventional timing may indicate that Treasury officials "do not like what is happening in the market."
Plan B: Scarcity, Not Short-Term Price Fluctuation, Is the Core of Bitcoin's Long-Term Value
Bitcoin analyst Plan B stated on the X platform that the core of Bitcoin's long-term value lies in scarcity, not short-term price fluctuations.Plan B believes that many people focus on Bitcoin's price charts, while the S2F model he uses focuses on the degree of asset scarcity. This model measures scarcity through "existing supply ÷ annual new production," where the S2F for gold is approximately 60. Due to Bitcoin's fixed total supply of 21 million coins and its predictable issuance schedule, its S2F is currently around 120 and continues to rise over time.The Bitcoin halving mechanism is an important driver of the S2F model. Approximately every four years, the Bitcoin network reduces the block reward by half, decreasing new supply and roughly doubling the S2F level, making it the core supply-side event observed by the model.Plan B emphasized that the S2F and its upgraded version, the S2FX model, predict long-term average value rather than precisely forecasting market tops or bottoms. Bitcoin's price typically fluctuates around the model's estimated value, and investors should focus on multi-year cycle averages rather than single-day price highs. Additionally, Plan B believes that as scarcity increases, Bitcoin is undergoing different stages of development, including proof of concept, payment network, "digital gold"/store of value asset, and institutional-grade financial asset. Each increase in scarcity could bring new market narratives and capital inflows.However, Plan B also reiterated that "all models are wrong, but some are useful." He stated that the S2F model is merely a tool for long-term understanding of Bitcoin's scarcity, not a trading signal or a "crystal ball" for price prediction. Although the model has withstood major events such as the COVID-19 pandemic and China's mining ban, it still has limitations.
POAP Announces Official Shutdown After Over Five Years of Operation Due to Unsustainable Business Model
POAP co-founder isabel (@izonline) posted on the X platform, announcing the official closure of the on-chain souvenir protocol POAP. POAP has operated since 2021, cumulatively minting millions of on-chain collectibles for hundreds of communities. It partnered with world-class institutions such as Coinbase, American Express (Amex), Warner Music Group (WMG), and Bayer, and completed the minting of over 8,000 collectibles during Devcon. The founder stated that the funding cycles and traffic distribution mechanisms in the crypto industry made it difficult for POAP to achieve commercial sustainability without compromising the project's original vision. Coupled with the dual pressure of rapid tech stack iteration and market hype cycles, this ultimately led to the project's shutdown. The founder also summarized three core lessons: customer communities are a company's most underestimated asset; "sense of connection" is the essential value of a product; and long-term brand trust is the only moat in the current market.
South Korean Stock Market Volatility Triggers "Reverse Capital Migration": Over 24 Trillion Korean Won Flows into Time Deposits at Five Major Banks
According to Korean media Daum, volatility in the South Korean stock market has recently intensified, investor risk appetite has clearly cooled, and funds are flowing back from the stock market to safe-haven assets such as banks. Due to adjustments in the semiconductor sector and stricter regulation on leveraged investment, idle funds in the South Korean stock market are withdrawing rapidly, and the market is exhibiting a phenomenon of "reverse capital migration". Data shows that as of the end of July, the time deposit balance at South Korea's five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) reached 973.49 trillion won, an increase of 24.09 trillion won from the end of the previous month, marking the largest single-month increase this year. Funds related to the stock market also showed significant contraction. According to data from the Korea Financial Investment Association, investor securities account deposits (idle funds for stock trading) reached a historical high of 139.69 trillion won on June 4, but as of July 28, had fallen to 107.20 trillion won, a decrease of over 32 trillion won in less than two months. The balance of credit transaction financing, representing the scale of market margin trading, fell to 33.19 trillion won during the same period, a decrease of about 4.5 trillion won from the peak of 37.72 trillion won set on July 2, a decline of approximately 12%.
US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
CZ Responds to Binance’s $4.3 Billion Fine: Bore the Pressure for the Industry, Considers It Worth It
According to HK01, Binance founder Changpeng Zhao recently traveled to Hong Kong to attend the 2026 Bitcoin Asia Conference. During an exclusive interview with HK01, he discussed his memoir *Binance Life*, his time in prison, and Binance's $4.3 billion fine. He revealed that most of the memoir's initial draft was completed while incarcerated. Due to strict conditions limiting computer use to 15-minute sessions without copy-and-paste functionality, he had to rely on fragmented moments to write.
NES holdings inflated to $50 million, Cosmos EVM exploit attacker actually profited about $60,000
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.
Grayscale Chief Legal Officer: Zcash Ecosystem Enters a New Phase of Institutionalization After Nearly a Decade of Development
Odaily News Digital asset manager Grayscale Investments' Chief Legal Officer Craig Salm stated that the company's Zcash investment product has been upgraded to the world's first Zcash Exchange-Traded Product (ETP), marking a move of privacy-focused crypto assets into broader compliant investment channels. Following the launch of this Zcash ETP, investors can gain exposure to ZEC through SEC-registered traditional financial products. Grayscale noted that this signifies the Zcash ecosystem, after nearly a decade of development, is entering a new phase of institutionalization.Salm recalled that Grayscale launched the Zcash Investment Trust in 2018, when the ZEC trust product was just one of four products offered by the company. After years of regulatory engagement, the product was recently converted into the Zcash ETP, with the ticker symbol ZCSH. The process of bringing the Zcash product to the public market was not easy. Due to ZEC's privacy features, the company underwent greater regulatory scrutiny when launching its first publicly quoted Zcash fund in 2021, but ultimately completed the product rollout.Data shows that the adoption rate of Zcash's private transaction features has been steadily rising recently. In February 2026, ZEC shielded transactions reached an all-time high of 59.3% of total transactions, and after the latest Ironwood upgrade, it has again approached this level. Currently, the shielded pool holds approximately 4.4 million ZEC, accounting for about 26% of the circulating supply.
Altcoin market cap surges $215 billion in 3 days, Trump policy signals drive capital back into crypto
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Tether-backed OrionX Permanently Shuts Down Due to $7 Million Funding Shortfall
OrionX, a Chilean exchange backed by Tether, has announced its permanent closure. An audit revealed that over $7 million in client assets had been transferred to addresses outside of custody.
A whale increased its ETH long position to 45,000 coins, valued at approximately $109 million, with an unrealized loss of about $3.35 million.
According to Ember tracking, whale address 0x0392a opened a long position of 32,000 ETH at an average price of $2,487 two days ago, valued at approximately $80 million. Earlier today, it further increased its position by adding 13,000 ETH, bringing its total long exposure to 45,000 ETH (approximately $109 million) at an average entry price of $2,486. Due to the market pullback, this position currently holds unrealized losses of about $3.35 million, with a liquidation price of $2,251.
SlowMist Unveils Details of Allbridge Bridge Attack: Forged CCTP Messages + Flash Loans, Insufficient Mint Verification
Odaily News, SlowMist Security Team disclosed that the cross-chain bridge project Allbridge suffered an attack on August 19, 2026, with losses of approximately $190,000. Notably, this attack was not executed instantaneously—the attacker began laying the groundwork nearly a month in advance, bypassing the verification mechanism through forged cross-chain messages.According to SlowMist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as CCTP-style, claiming a transfer of 1 million USDC, despite no actual USDC burn operation occurring. Subsequently, Circle generated a valid attestation for this complete message following standard procedures.Approximately 24 days later, on August 19, the attacker waited for the Base Router to receive a genuine CCTP deposit, bringing its balance to approximately 191,000 USDC, then launched the attack just 6 seconds later. Using the previously forged message and attestation, the attacker called Allbridge's receiveCctpMessage function. Due to the project's lack of critical validation, the system mistook the fraudulent cross-chain message for a genuine deposit and recorded a 1 million USDC credit.Subsequently, the attacker borrowed approximately 809,000 USDC temporarily via an Aave flash loan to match the Router's balance with the forged amount, then utilized the internal credit record to call the transfer function, ultimately moving out approximately 999,000 USDC (after deducting a 0.1% fee). After repaying the flash loan and fees, the attacker netted approximately $189,800 in profit. The root cause of this vulnerability lies in Allbridge's failure to verify the identity of the cross-chain message sender and receiver, as well as its failure to confirm whether USDC was genuinely minted or whether the balance actually increased—instead directly trusting the amount and message hash data constructed by the attacker.SlowMist emphasized that on-chain message verification does not equate to actual asset arrival. Cross-chain protocols must not only verify message authenticity but also ensure the message source is trustworthy, confirm the receiver is Circle's official TokenMessengerV2, and only record assets after confirming actual minting and balance changes. This incident once again highlights the security risks in cross-chain bridges' message verification and asset settlement processes.
Altcoin market cap surges $215 billion in 3 days, Trump policy signals drive capital back into crypto
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Due to sanctions, NoOnes will gradually wind down its operations
Odaily News: Peer-to-peer cryptocurrency trading platform NoOnes announced that it will begin gradually winding down operations after running for over three years. The company stated that it had been continuously seeking to resolve and lift the sanctions imposed on NoOnes, but ultimately failed. The sanctions caused the platform to lose key partners, and blockchain monitoring firms also flagged transactions associated with NoOnes as high-risk, making it increasingly difficult for the platform to continue normal operations. According to the plan, the business contraction began on August 17, and the P2P marketplace will close at 23:59 UTC on August 21. Services such as Swap, NoOnes Visa, fiat withdrawals, the gift card store, and the Bitcoin Lightning Network will also be discontinued progressively. After that, the platform will only support withdrawals, and users will still be able to log in, view balances, and withdraw remaining assets. The company advises users to complete asset withdrawals as soon as possible, no later than August 23. Previously, on January 26, 2025, NoOnes revealed that the platform had suffered a major security breach earlier that month, resulting in losses of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain detective ZachXBT disclosed the hacking incident on his Telegram channel.
Plan B: Scarcity, Not Short-Term Price Fluctuation, Is the Core of Bitcoin's Long-Term Value
Bitcoin analyst Plan B stated on the X platform that the core of Bitcoin's long-term value lies in scarcity, not short-term price fluctuations.Plan B believes that many people focus on Bitcoin's price charts, while the S2F model he uses focuses on the degree of asset scarcity. This model measures scarcity through "existing supply ÷ annual new production," where the S2F for gold is approximately 60. Due to Bitcoin's fixed total supply of 21 million coins and its predictable issuance schedule, its S2F is currently around 120 and continues to rise over time.The Bitcoin halving mechanism is an important driver of the S2F model. Approximately every four years, the Bitcoin network reduces the block reward by half, decreasing new supply and roughly doubling the S2F level, making it the core supply-side event observed by the model.Plan B emphasized that the S2F and its upgraded version, the S2FX model, predict long-term average value rather than precisely forecasting market tops or bottoms. Bitcoin's price typically fluctuates around the model's estimated value, and investors should focus on multi-year cycle averages rather than single-day price highs. Additionally, Plan B believes that as scarcity increases, Bitcoin is undergoing different stages of development, including proof of concept, payment network, "digital gold"/store of value asset, and institutional-grade financial asset. Each increase in scarcity could bring new market narratives and capital inflows.However, Plan B also reiterated that "all models are wrong, but some are useful." He stated that the S2F model is merely a tool for long-term understanding of Bitcoin's scarcity, not a trading signal or a "crystal ball" for price prediction. Although the model has withstood major events such as the COVID-19 pandemic and China's mining ban, it still has limitations.
Cronos Network Resumes Operations After Emergency Shutdown Due to Tectonic Protocol Vulnerability
According to an official tweet from Cronos Network, the Cronos network was previously affected by a vulnerability exploit targeting the Tectonic protocol. Validator consensus triggered an emergency halt to block production to protect user assets. The on-chain state has been rolled back to pre-exploit levels, and the network resumed block production at 07:49 Beijing Time on August 31, 2026, starting from block height 90,896,189. Node operators can now upgrade to Cronos v1.7.8 and use the latest mainnet snapshot to restart their nodes. The network remains under continuous monitoring, with select protocols, RPC providers, block explorers, and cross-chain bridges gradually recovering. A full post-mortem report will be released by the team in the near future.
NES holdings inflated to $50 million, Cosmos EVM exploit attacker actually profited about $60,000
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.
SlowMist Unveils Details of Allbridge Bridge Attack: Forged CCTP Messages + Flash Loans, Insufficient Mint Verification
Odaily News, SlowMist Security Team disclosed that the cross-chain bridge project Allbridge suffered an attack on August 19, 2026, with losses of approximately $190,000. Notably, this attack was not executed instantaneously—the attacker began laying the groundwork nearly a month in advance, bypassing the verification mechanism through forged cross-chain messages.According to SlowMist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as CCTP-style, claiming a transfer of 1 million USDC, despite no actual USDC burn operation occurring. Subsequently, Circle generated a valid attestation for this complete message following standard procedures.Approximately 24 days later, on August 19, the attacker waited for the Base Router to receive a genuine CCTP deposit, bringing its balance to approximately 191,000 USDC, then launched the attack just 6 seconds later. Using the previously forged message and attestation, the attacker called Allbridge's receiveCctpMessage function. Due to the project's lack of critical validation, the system mistook the fraudulent cross-chain message for a genuine deposit and recorded a 1 million USDC credit.Subsequently, the attacker borrowed approximately 809,000 USDC temporarily via an Aave flash loan to match the Router's balance with the forged amount, then utilized the internal credit record to call the transfer function, ultimately moving out approximately 999,000 USDC (after deducting a 0.1% fee). After repaying the flash loan and fees, the attacker netted approximately $189,800 in profit. The root cause of this vulnerability lies in Allbridge's failure to verify the identity of the cross-chain message sender and receiver, as well as its failure to confirm whether USDC was genuinely minted or whether the balance actually increased—instead directly trusting the amount and message hash data constructed by the attacker.SlowMist emphasized that on-chain message verification does not equate to actual asset arrival. Cross-chain protocols must not only verify message authenticity but also ensure the message source is trustworthy, confirm the receiver is Circle's official TokenMessengerV2, and only record assets after confirming actual minting and balance changes. This incident once again highlights the security risks in cross-chain bridges' message verification and asset settlement processes.
Due to sanctions, NoOnes will gradually wind down its operations
Odaily News: Peer-to-peer cryptocurrency trading platform NoOnes announced that it will begin gradually winding down operations after running for over three years. The company stated that it had been continuously seeking to resolve and lift the sanctions imposed on NoOnes, but ultimately failed. The sanctions caused the platform to lose key partners, and blockchain monitoring firms also flagged transactions associated with NoOnes as high-risk, making it increasingly difficult for the platform to continue normal operations. According to the plan, the business contraction began on August 17, and the P2P marketplace will close at 23:59 UTC on August 21. Services such as Swap, NoOnes Visa, fiat withdrawals, the gift card store, and the Bitcoin Lightning Network will also be discontinued progressively. After that, the platform will only support withdrawals, and users will still be able to log in, view balances, and withdraw remaining assets. The company advises users to complete asset withdrawals as soon as possible, no later than August 23. Previously, on January 26, 2025, NoOnes revealed that the platform had suffered a major security breach earlier that month, resulting in losses of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain detective ZachXBT disclosed the hacking incident on his Telegram channel.
DeFiLlama Founder: Mobile Launch Delayed Due to Phishing Apps on Apple App Store
DeFiLlama's anonymous founder 0xngmi stated that the team postponed the release of the official mobile app due to the long-standing presence of phishing apps impersonating DeFiLlama on the Apple App Store. Apple removed them only after the team submitted evidence that the malicious apps were stealing funds.
OpenAI Tightens Internal Testing Controls for Astra Model Due to Network Security Risks
据 CNBC 报道，OpenAI 表示，因担忧未发布模型 Astra 可能具备自主发起网络攻击的能力，公司已暂停部分内部活动，并加强高能力模型的隔离测试、监控与检测措施。与此同时，Meta、Anthropic 等机构近期也出现涉及 AI 系统的安全事件，推动美国与欧盟加快前沿模型监管与风险控制措施的制定。
US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
LAPTOP: 4 million tokens to be used to incentivize Aerodrome liquidity, with another 10 million to be burned
Odaily reports: The Hunter Biden Meme token LAPTOP Foundation has announced that the LAPTOP initial liquidity pool launched at a price of $0.05. Due to high market demand, participation by sniper bots, and insufficient initial liquidity from market makers, the price rapidly surged and then fell back in a short period. To improve liquidity, the team will inject 4 million LAPTOP tokens (0.4% of total supply) starting September 10 at 00:00 UTC to incentivize the Aerodrome liquidity pool. In addition, two prediction events in the Predictions allocation have been confirmed to settle as YES, corresponding to 10 million LAPTOP tokens that will be burned, accounting for 1% of total supply.The team also stated that the 30% of LAPTOP held by the founding team will be locked for 6 months and gradually unlocked over two years, custodied by Coinbase Custody; the 30% of tokens in the Predictions allocation will be locked for 12 months. Another 80 million LAPTOP will be claimable by subscribers who joined Hunter Substack before September 6, and any unclaimed portion after the 30-day claim period ends will be burned.
Bonk Guy: Solana is "returning to the trenches," starting to turn bullish
Odaily News, Bonk Guy stated on the X platform that he had previously been pessimistic about Solana, even writing an analysis favoring Robinhood and BNB Chain, arguing that Solana would lose significant market share and attention in this cycle. However, his view has recently begun to shift toward a bullish stance on Solana and its ecosystem.Bonk Guy believes that Solana has recently re-embraced the "trench" culture and has started to more actively promote community projects. At the same time, Solana's management proactively reached out to him to understand how to better align with the community and the "trench" ecosystem. Additionally, Solana officials and core members have recently begun to proactively recognize ecosystem projects such as $STONK and $USELESS.These changes are not simply positive for a specific token, but rather reflect a top-down cultural shift within Solana, as well as management's proactive efforts to address issues in the ecosystem. He emphasized that his past criticism of Solana was never about the technology or infrastructure, but rather about the ecosystem culture and the impact of "extractors" on Solana's new projects and users.Bonk Guy also revealed that his originally planned long-form analysis, which was bearish on Solana and bullish on Robinhood and BNB Chain, will first be shared with the Solana team for reference. Due to the recent changes that have made him more optimistic, he may adjust his views and ultimately publish a more balanced analysis.Bonk Guy concluded: "My Solana bias is changing."
Analysis: SpaceX Likely to See Over $10 Billion in Passive Net Buying; Weight in Nasdaq 100 Expected to Rise
According to Odaily, SpaceX's stock price has recently been fluctuating within a narrow range, but a new wave of buying may arrive soon as the Nasdaq 100 Index undergoes its quarterly rebalancing later this month. Due to lock-up restrictions, SpaceX has a relatively low proportion of freely floating shares, which currently gives it a weight of only 1.25% in the Nasdaq 100 Index, ranking 19th. Despite its market capitalization exceeding $2 trillion, placing it sixth among the index's constituents.Following the next index rebalancing, SpaceX's weight is expected to increase. The adjustments will be announced after the market close on Friday and take effect on September 21. This is partly because more than 1 billion shares have already been unlocked, raising SpaceX's free-float shares from less than 10% of total shares outstanding shortly after the IPO to nearly 30%.According to a report released Tuesday by J.P. Morgan Securities strategists including Min Moon, SpaceX's weight could rise to 1.51% after the rebalancing, which would trigger approximately $12.4 billion in passive net buying of SpaceX shares by index funds and ETFs. Nasdaq data shows that as of the end of the second quarter, approximately $1.7 trillion in assets were tracking the Nasdaq 100 Index, including the Invesco QQQ Trust Series 1 exchange-traded fund, widely known by its ticker QQQ.
Tether-backed OrionX Permanently Shuts Down Due to $7 Million Funding Shortfall
OrionX, a Chilean exchange backed by Tether, has announced its permanent closure. An audit revealed that over $7 million in client assets had been transferred to addresses outside of custody.
Arthur Hayes: A Decline in EUR/JPY Will Signal a New Round of Global Currency Printing
Odaily News: Arthur Hayes posted on platform X, stating that his article "Atencion" discusses the decline in the EUR/JPY exchange rate and its implications as a precursor to a new round of global currency printing.Arthur Hayes said he is currently in the depths of Patagonian winter, engaging in backcountry hiking and skiing. The annual Santa Rosa storm has brought over 1 meter of snowfall to the alpine regions, and the lower temperatures along with several days of settling have stabilized the snowpack, reducing the risk of avalanches. He also mentioned that Federal Reserve Chairman Warsh will deliver a speech in Jackson Hole.Arthur Hayes stated that as the Chief Investment Officer of a family office, he needs to generate profits through investments. Due to his personal lifestyle, he focuses on one or two prices to gauge whether the pace of fiat liquidity injection is accelerating or slowing down, and based on this, he quickly adjusts his portfolio to a long position or moves to cash, never engaging in short selling. He noted that these indicators change over time, and his current macro core indicator is the EUR/JPY exchange rate. The full article was published on his Substack account cryptohayes.
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Power Supply Cut by Three-Quarters as Ethiopia Restricts Bitcoin Miners' Electricity Use
Due to the impact of El Niño, water inflow to Ethiopia's hydroelectric dams has declined. Ethiopian Electric Power Corp has reduced the electricity supply to the Bitcoin mining industry to one-quarter of the original level. Data shows that Bitcoin mining companies contributed 35% of the company's revenue in the past fiscal year, with electricity consumption close to one-third of the country's total power generation capacity of 9,730 megawatts.
Albuquerque Bans Cryptocurrency ATMs, Requires Operators to Remove Devices Within 45 Days
According to Decrypt, the Albuquerque city council in New Mexico has passed an ordinance banning cryptocurrency ATMs and cashier-assisted virtual currency transactions within the city, requiring operators and retailers hosting the devices to remove them within 45 days. Council members stated that approximately 90% of local cryptocurrency ATM transactions are linked to fraud. Due to the instant, anonymous, and irreversible nature of the transactions, these machines are considered highly vulnerable to exploitation by scammers and organized crime.
US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
LAPTOP: 4 million tokens to be used to incentivize Aerodrome liquidity, with another 10 million to be burned
Odaily reports: The Hunter Biden Meme token LAPTOP Foundation has announced that the LAPTOP initial liquidity pool launched at a price of $0.05. Due to high market demand, participation by sniper bots, and insufficient initial liquidity from market makers, the price rapidly surged and then fell back in a short period. To improve liquidity, the team will inject 4 million LAPTOP tokens (0.4% of total supply) starting September 10 at 00:00 UTC to incentivize the Aerodrome liquidity pool. In addition, two prediction events in the Predictions allocation have been confirmed to settle as YES, corresponding to 10 million LAPTOP tokens that will be burned, accounting for 1% of total supply.The team also stated that the 30% of LAPTOP held by the founding team will be locked for 6 months and gradually unlocked over two years, custodied by Coinbase Custody; the 30% of tokens in the Predictions allocation will be locked for 12 months. Another 80 million LAPTOP will be claimable by subscribers who joined Hunter Substack before September 6, and any unclaimed portion after the 30-day claim period ends will be burned.
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
Bonk Guy: Solana is "returning to the trenches," starting to turn bullish
Odaily News, Bonk Guy stated on the X platform that he had previously been pessimistic about Solana, even writing an analysis favoring Robinhood and BNB Chain, arguing that Solana would lose significant market share and attention in this cycle. However, his view has recently begun to shift toward a bullish stance on Solana and its ecosystem.Bonk Guy believes that Solana has recently re-embraced the "trench" culture and has started to more actively promote community projects. At the same time, Solana's management proactively reached out to him to understand how to better align with the community and the "trench" ecosystem. Additionally, Solana officials and core members have recently begun to proactively recognize ecosystem projects such as $STONK and $USELESS.These changes are not simply positive for a specific token, but rather reflect a top-down cultural shift within Solana, as well as management's proactive efforts to address issues in the ecosystem. He emphasized that his past criticism of Solana was never about the technology or infrastructure, but rather about the ecosystem culture and the impact of "extractors" on Solana's new projects and users.Bonk Guy also revealed that his originally planned long-form analysis, which was bearish on Solana and bullish on Robinhood and BNB Chain, will first be shared with the Solana team for reference. Due to the recent changes that have made him more optimistic, he may adjust his views and ultimately publish a more balanced analysis.Bonk Guy concluded: "My Solana bias is changing."