News linked to both this project and an event.
Odaily News - Digital asset manager Grayscale's Zcash ETF began trading on NYSE Arca on Tuesday under the ticker ZCSH. The product is the world's first exchange-traded product offering spot exposure to Zcash, allowing investors to track ZEC prices through securities accounts without needing to directly purchase or store the token.ZCSH was formerly known as the Grayscale Zcash Trust, established in October 2017 through a private placement. Grayscale filed an application with the U.S. Securities and Exchange Commission in November 2025 to convert the trust into an ETF, with shareholders holding shares that track the fund's ZEC holdings rather than holding ZEC directly.In May of this year, security researcher Taylor Hornby, using Anthropic's Claude Opus 4.8, discovered a vulnerability in Zcash's Orchard shielded pool that had existed for four years, which could potentially allow attackers to mint counterfeit ZEC. Developers deployed an emergency patch on June 1, but due to privacy mechanisms, it was not possible to cryptographically confirm whether the vulnerability had been exploited.Zcash activated the Ironwood upgrade in July, replacing Orchard with a new shielded pool and introducing accounting rules that limit the amount of ZEC exiting the old shielded pool to no more than the amount entering. Grayscale stated it will monitor the adoption of the Ironwood upgrade, network security, exchange support, and regulatory conditions for privacy assets. (Decrypt)
According to Chaoxiang Research, Goldman Sachs' fourth annual report in its CHIPS Act series, released on August 24, indicates that by June 2026, China's semiconductor IC self-sufficiency rate will reach 70%, nearly double the 38% recorded in January 2010. Goldman Sachs has raised its forecast for China's semiconductor capital expenditure to $82 billion in 2030, up 79% from previous estimates. The report covers CXMT, China's leading DRAM manufacturer, for the first time, assigning a Buy rating with a target price of ¥129. Goldman Sachs projects that the supply-demand gap for China's advanced logic processes at 7nm and below will narrow from 92% in 2025 to 34% by 2035, while wafer demand for AI servers will grow at a CAGR of 42% over the same period. Under the baseline scenario, China's AI chip market is projected to reach $678 billion by 2030, representing a CAGR of 69% from 2025 to 2030; the DRAM market will reach $257 billion by 2028, growing at a 50% CAGR, with HBM expanding at an 188% CAGR. China's WFE spending will increase by 13%, 20%, and 15% in 2026, 2027, and 2028, respectively. The revenue share of domestic equipment manufacturers in China's WFE market will rise from 31% to 38%. Despite the rising localization rate, global equipment suppliers remain key beneficiaries of China's capacity expansion in advanced processes. Goldman Sachs recommends Applied Materials, Lam Research, and Onto Innovation.
Odaily News: Jacob Creech, Vice President of Technology at the Solana Foundation, stated that Solana has reduced its network slot time to 350 milliseconds, the first adjustment since the network's inception. He shared on X that the next step is to bring it down to 300 milliseconds.Solana's slot time browser shows the current average slot time is 360 milliseconds, down from the network's initial setting of 400 milliseconds. In June, the Solana Foundation unveiled a plan to shorten slot time from 400 milliseconds to 200 milliseconds, with three subsequent reductions of 50 milliseconds each.All four phases are planned to be activated on the mainnet via the validator client Agave v4.2, developed by Anza, though the timeline has yet to be finalized. The related proposal, SIMD-0525, was approved and merged on May 14. (Cointelegraph)
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
According to Trend Research, an HSBC report released on August 18 spanning 12 industries points out that SpaceX's Starlink has crossed the inflection point for scale. As of June 30, it operates 10,200 satellites in orbit and serves 12 million broadband subscribers across 167 markets. Additionally, 7.4 million monthly active devices connect directly to mobile phones via satellite (Direct to Cell), covering 30 countries. Maersk has installed Starlink on more than 330 container ships, while United Airlines plans to upgrade 15 Boeing 737-800 aircraft per month. Starship aims to reduce launch costs to $100–$300 per kilogram, representing a decline of over 95% compared to historical averages. HSBC assesses that the space race is now benefiting terrestrial industries across three dimensions: From a communications standpoint, Starlink and ground-based telecom operators are predominantly complementary, filling coverage gaps in oceanic, desert, and post-disaster environments. Regarding compute infrastructure, orbital data centers currently cost three times as much as ground-based equivalents, acting mainly as strategic reserves; however, if TeraFab’s vertically integrated wafer fabs succeed, they could revolutionize the division of labor in the semiconductor industry. At the energy level, AI data centers have pushed the annual growth rate of U.S. power demand to 4%-5%, making renewable energy and the electrical grid the largest beneficiaries. Among the 12 industries covered, power, semiconductors, and robotics are being directly transformed.
According to CryptoSlate, Nasdaq-listed company AIxCrypto Holdings announced plans to orderly sell all its crypto assets. As of June 30, the company held 46 BTC, 616 ETH, 6,659 SOL, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT, and XRP, with a total cost basis of $10.43 million, fair value of only $5.21 million, an unrealized loss of approximately $5.22 million, representing a drop of about 50% from cost. Meanwhile, the company's operating cash consumption in the first half of the year reached $7.94 million, with accumulated losses as high as $150.3 million, raising doubts about its ability to continue as a going concern. The company is shifting its business focus to its RoboShare robot rental platform and completed its first commercial order on August 15, deploying 6 robots at a Malibu event, but specific revenue and subsequent demand have not yet been disclosed.
: Base announced the launch of the Batches 004 accelerator program, which will select 10 startups over an 8-week program, with each receiving $100,000 in investment funded by the Base Ecosystem Fund. Applications close on September 9, and the program will hold Demo Day in New York in November. This round is aimed at pre-seed startups focused on trading, payments, funding, and AI agents, covering products that use stablecoins to support agent shopping, trading, and payments, as well as lending, e-commerce, and decentralized AI infrastructure. Teams may support multiple blockchains but must have Base as their primary network. Selected teams will receive dedicated advisors, weekly support, and exposure assistance within the Base ecosystem, and will present their projects to investors at Demo Day. Coinbase launched Agentic Wallets on Base in February and Coinbase for Agents in June, which respectively enable AI agents to hold USDC and pay via the x402 protocol, and to directly connect to user accounts. (Decrypt)
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
H100 released its second quarter 2026 report. The pre-tax loss for the reporting period was 98.2 million Swedish kronor, approximately 9.82 million US dollars, most of which were non-cash items, primarily from Bitcoin impairment. The company stated that actual business cash consumption was 5.1 million Swedish kronor, approximately 510,000 US dollars, in the second quarter, and 12.7 million Swedish kronor, approximately 1.27 million US dollars, for the first half of the year. As of the end of June, the company held cash of 18.1 million Swedish kronor, approximately 1.81 million US dollars.
Odaily News: Banking giant Citigroup Inc. has announced plans to launch a Bitcoin custody service on its institutional platform Custody+ later this year, starting with Bitcoin custody. Clients will be able to use both traditional asset and crypto asset custody services within the same framework. Citi stated that its Single Event Processing system has enabled continuous processing of custody transactions, with over 80% of event volume completed in real-time and 96% of U.S. voluntary corporate actions processed within two hours. The platform also integrates settlement, foreign exchange, liquidity, tax, and market data services. Citi noted that its digital asset infrastructure supports the transfer of funds and securities beyond traditional market hours, and through Citi Token Services, enables near-instant, 24/7 movement of tokenized deposits in certain markets. In June, Citi also launched blockchain-based securities custody services representing shares of private companies. (Bitcoin.com News)
Blockchain analytics company Chainalysis Government Solutions filed a bid protest with the U.S. Court of Federal Claims on July 27, challenging the U.S. Immigration and Customs Enforcement (ICE) award of an approximately $94.6 million blockchain forensics software and support services contract to competitor TRM Labs on a sole-source basis. The contract term is from July 1, 2026 to June 30, 2027, for investigations related to the Homeland Security Special Operations Group.
blockchain forensics firm Chainalysis Government Solutions filed a bid protest with the U.S. Court of Federal Claims on July 27, opposing the U.S. Immigration and Customs Enforcement's (ICE) decision to award a contract worth approximately $94.6 million to competitor TRM Labs on a sole-source basis. The contract, covering the period from July 1, 2026, to June 30, 2027, involves blockchain forensics software and support services for Homeland Security task forces investigating fraud, cybercrime, and sextortion cases. Chainalysis argues that ICE's decision was arbitrary and unreasonable. TRM Labs joined the case as an intervenor-defendant on July 28, defending the contract alongside the U.S. government. The court has allowed Chainalysis to temporarily seal its complaint, with oral arguments scheduled for September 2. ICE stated that after approximately six days of market research, it determined that none of the eight responding companies could meet the requirements. (Decrypt)
According to the "BOK Issue Note" report released by the High Employment Research Team of the Bank of Korea Survey Bureau on the 18th, between June 2022 and June 2026, jobs for Korean youth (aged 15-29) decreased by a total of 285,000, of which 268,000 (94%) were concentrated in AI high-exposure industries, involving fields such as information services, publishing, computer programming, and professional services. Meanwhile, employment for the group aged 50 and above increased by 230,000, with 75.2% also coming from AI high-exposure industries. The report pointed out that after the release of ChatGPT, the average unemployment rate for university graduates rose to 7.0%, higher than the 5.4% for youth with associate degrees or below, whereas previously there was almost no difference between the two. The report suggested that policies should focus on building new career ladders to help youth accumulate experience and skills with AI assistance, rather than simply retaining entry-level positions.
Odaily News: Stable has released an updated whitepaper, with its core design philosophy centered on rebuilding blockchain infrastructure around stablecoins. Unlike traditional public chains that treat stablecoins as application-layer assets, Stable uses USDT as its native gas asset and primary settlement asset, allowing users to complete transactions without holding additional volatile tokens. Additionally, the network supports PayPal-issued PYUSD as a first-tier settlement asset.In terms of tokenomics, the total supply of STABLE is 100 billion tokens. Of this, approximately 18 billion (18%) entered circulation at token generation, including 10% from the Genesis Distribution and 8% from the Foundation's first-day unlock; the remaining 82 billion (82%) are placed into a consolidated lock-up pool (Universal Lock).According to the whitepaper, the 82 billion locked tokens will adopt a unified release mechanism, unlocking gradually across 7 phases:Phase 1: 5% (4.1 billion) released on December 8, 2027Phase 2: 5% (4.1 billion) released on March 8, 2028Phase 3: 10% (8.2 billion) released on June 8, 2028Phase 4: 15% (12.3 billion) released on September 8, 2028Phase 5: 15% (12.3 billion) released on December 8, 2028Phase 6: 20% (16.4 billion) released on March 8, 2029Phase 7: 30% (24.6 billion) released on June 8, 2029All locked tokens will be unlocked through a daily linear release mechanism, with all tokens expected to fully enter circulation by December 8, 2029 at the latest. In addition, the whitepaper includes a price protection mechanism: if the 30-day volume-weighted average price of the token falls below $0.025 before the designated release date, the corresponding unlock phase may be delayed by up to 9 months.
Odaily News: Shaw posted on X platform, stating that daos.fun founder baoskee used insider information to trade during the ai16z project rename and migration process, profiting approximately $6.6 million by selling ai16z. Shaw claimed that in June 2025, the project team promised to launch a Snapshot vote for the community to decide whether to rename, after a16z had previously requested the project to change its name to avoid trademark disputes. When the voting mechanism was not launched on time as promised, baoskee, knowing about the rename pressure and subsequent migration plans, sold all ai16z from daos.fun's execution wallet and continued to dump tokens before the project migrated to elizaOS, causing the token price to drop. Shaw believes baoskee possessed information that other holders did not have at the time. Baoskee denied the allegations in response, stating that the Snapshot vote had actually been launched, and that daos.fun had additionally added and locked in over $1 million in ai16z liquidity at its own expense. Baoskee also counter-accused Shaw of serious issues in project operations, token migration, and development fund usage. There is a clear discrepancy between the two parties' statements. Shaw stated he would attach relevant on-chain records.
According to Odaily, CryptoQuant's latest report, "Wall Street, Always On," shows that in July 2026, trading volume for traditional financial stock perpetual contracts on crypto exchanges reached approximately $250 billion, up about 17 times from April. Among them, Gate's related trading volume in July was approximately $15 billion, up about 26 times from April, representing a 308% month-over-month increase, making it the fastest-growing exchange among the platforms covered in the report.The report notes that Gate's perpetual contract trading has maintained steady triple-digit growth for three consecutive months, with May, June, and July seeing month-over-month increases of approximately 131%, 177%, and 308%, respectively, showing an accelerating trend. CryptoQuant stated that compared to the episodic growth seen on some platforms, Gate's sustained growth better reflects the continuous penetration of traditional financial asset trading demand into crypto trading infrastructure, "which makes Gate an exchange worth watching in the crypto-stock race."CryptoQuant indicated that crypto trading platforms are gradually becoming 24/7 trading gateways connecting Crypto and Wall Street, with trading demand from traditional stock markets accelerating its extension into crypto infrastructure. As Gate continues to expand its diversified asset services, including stocks and ETFs, CFDs, Pre-IPOs, direct IPOs, and tokenized securities like gStocks, the platform is further strengthening the connection between traditional financial assets and digital asset trading ecosystems, providing global users with a more flexible and efficient multi-asset trading experience.
According to TechFlow Research, a Nomura Securities report on August 12 noted that Lumentum's revenue for the June quarter increased 109% year-over-year to $1.01 billion, with component revenue growing 103% to $649 million. Narrow linewidth laser shipments grew by over 130%, pump lasers increased 80% and are expected to grow another fourfold in the coming quarters; the company holds a 70% to 80% market share in the pump laser sector. 200G EML accounts for over 25% and is expected to exceed 50% by mid-2027. OCS shipments doubled, with management guiding for triple-digit year-over-year growth in 1QFY27, progressing towards a $400 million OCS revenue target in 2H26. The supply-demand imbalance for EML and CW lasers will not ease at least from FY26 to FY27. The report judges that the technology upgrade path is clear; NPO is expected to be commercialized between late 2027 and 2028, significantly expanding the optical TAM. The global shortage of optical chips creates structural opportunities for Chinese manufacturers: Yuanjie Semiconductor is expected to gain global market share in optical chips, with Nomura giving a Neutral rating and a target price of 1,375 yuan (based on 21x 2027 expected EPS); Zhongji Innolight and Tfc Communication both receive Buy ratings, benefiting from the 800G to 1.6T upgrade, increased silicon photonics penetration, and NPO incremental opportunities.
: Cardano ecosystem wallet project SecondFi has announced the launch of a wallet migration tool and revealed a recovery plan for assets affected by the June 2026 security incident. As the project will cease operations, users are required to migrate remaining assets still held in SecondFi wallets. The migration tool is expected to go live on August 13, supporting the transfer of eligible ADA, Cardano native tokens, and NFTs to new Cardano wallets created with service providers of the users' choosing. Currently, the tool only supports Cardano network assets; non-Cardano assets must be transferred separately through corresponding network and wallet processes. SecondFi stated that the migration tool has passed an independent security assessment by security firm Bitdefender. For affected assets, SecondFi plans to launch a recovery portal before September 10, where users can verify wallet ownership via zero-knowledge proofs (ZK Proof) and submit asset claims. SecondFi reminds users to only rely on information published through official channels, including @secondfiapp, @secondfi_jp, and the official support website, to guard against phishing sites and impersonating accounts.
cirBTC was officially launched on Ethereum on June 8. Data from its Ethereum contract shows a maximum total supply of approximately 40.02 tokens, with 11 holder addresses in total. Eligible institutional participants can mint and redeem cirBTC through Circle Mint. Currently, Ethereum is the only network where it has been launched, with future support planned for Circle's own blockchain Arc and additional networks. cirBTC is issued by Circle International Bermuda Limited, with the underlying Bitcoin held in custody by Circle National Trust and segregated from Circle's own assets. Reserve data from August 11 shows that cirBTC supply stands at 40.02159077 tokens, with 42.5070808 BTC held in reserves. Circle has publicly disclosed the reserve addresses and balances, and employs Chainlink's Proof of Reserve mechanism to publish verified reserve data on-chain. By comparison, WBTC has a circulating supply of approximately 116,100 tokens with a market cap of about $7.362 billion, while cbBTC has a circulating supply of approximately 97,200 tokens with a market cap of about $6.162 billion. cirBTC has not yet established a trackable market price or market capitalization.
: Israeli cybersecurity firm A Security has disclosed that researchers, using publicly available AI models and fewer than 20 prompts, discovered vulnerabilities in the annotation tool of the video conferencing platform Zoom and built a working exploit within 24 hours. The related vulnerabilities are tracked as CVE-2026-53413, CVE-2026-53414, and CVE-2026-53415. Attackers can join or host a meeting without requiring any victim action or visible prompts, then attack any participant and take over their device. The attack has been tested across Zoom applications on Windows, macOS, Linux, Android, and iOS. Once an attacker gains control of a device, they can steal personal data, activate the microphone or camera, or install additional malware. A Security reported the first vulnerability to Zoom on June 10, and Zoom issued fixes incrementally from June 22 to July 20. Because server-side protections in end-to-end encrypted meetings cannot filter malicious messages, users are still advised to update to the latest version. (Decrypt)