News linked to both this project and an event.
Odaily News, X-Agent recently published a technical article titled "An OPC Is a Stack, Not a Headcount Story," arguing that as AI significantly reduces R&D and operational costs, the competitiveness of a One Person Company (OPC) should no longer be measured by how much work a single person can complete.The article points out that an OPC with true commercial capability needs to establish a complete closed loop spanning demand discovery, AI production, capability infrastructure, distribution, economic systems, and market feedback.And this is precisely the problem X-Agent aims to solve.At the capability layer, X-Agent leverages MCP to help individual developers productize their capabilities, transforming a project into a service that can be discovered, invoked, and verified by Agents. At the commercial layer, X-Agent further connects Agent distribution and payment infrastructure, enabling services to enter real Agent workflows, with usage-based billing, budget management, payment, and settlement.Meanwhile, the X-Agent MCP Hackathon is also driving this model into practice: developers do not need to start by building an "MCP server" from scratch. Instead, they first prove that a real capability can solve a practical problem, then convert it into a production-grade Agent service through standardization, deployment verification, and security checks.Therefore, what X-Agent is building is not just a development tool, but a framework that helps OPCs complete:Demand discovery → Capability building → MCP productization → Agent distribution → Commercial settlement → Market feedbackUltimately forming a self-reinforcing AI business closed loop.The OPC of the future is not one person taking on all the work, but one person using AI and Agents to organize a complete set of company-level capabilities.
According to BeInCrypto, a field research report recently released by the Bank of Italy shows that stablecoins do not possess a systemic cost advantage in cross-border remittances. Researchers tested USDC transfers of $200 through 10 actual remittance corridors, covering routes between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to nearly 9%, showing a significant disparity. The study found that on-chain transfers themselves accounted for an average of only 0.4% of the total cost; what truly drove up fees were steps still reliant on banks and exchanges, such as funding, currency conversion, and withdrawal. Taking the UAE-to-Italy corridor as an example, where bank transfers were unavailable and credit card funding was forced, fees alone reached as high as 3.8%. Meanwhile, transfer speeds also differed significantly due to variations in destination payment infrastructure. Instant payment systems like Brazil's Pix could complete settlement within 20 minutes, while South Africa required 1 to 2 business days, no different from traditional bank wire transfers. The report pointed out that stablecoins currently still heavily rely on the banking system they attempt to replace, and the narrative that "stablecoins are quietly replacing traditional payment rails" remains unsubstantiated.
According to the official announcement, Huobi HTX listed OUST/USDT and GPS/USDT perpetual contracts on August 18, supporting 1-20x long and short positions. Meanwhile, from now until 15:00 on August 25 (UTC+8), Huobi HTX is launching a New Coin Futures Trading Competition. Users who complete registration, participate in contract trading of the event coins, and meet the specified threshold will have the opportunity to share a total prize pool of 1 billion $HTX.
Odaily News – According to the latest report by The Economist Enterprise, after 13 years of development and multiple strategic upgrades, Gate is gradually evolving from a traditional crypto asset trading platform into a comprehensive financial infrastructure connecting digital assets with traditional financial markets. The report notes that as more traditional financial products — including stocks, ETFs, tokenized assets, forex, and metals — enter the digital asset ecosystem, Gate is leveraging its multi-asset product layout and global infrastructure development to further bridge the gap between crypto finance and TradFi. In the interview, Gate Founder and CEO Dr. Han stated that as the industry evolves, digital asset platforms are no longer facing only technical challenges, but also risk management, user protection, and industry regulation.In terms of TradFi integration, Gate has established a multi-layered framework spanning tokenized assets, derivatives, and native stock trading, successively launching products and services such as xStocks, Ondo, Gate TradFi, Pre-IPOs, Direct IPO Access, and Gate Stocks. Among these, Gate Stocks now supports stock trading in the U.S., Hong Kong, and South Korea, significantly lowering the barrier for global users to participate in traditional financial markets. Meanwhile, Gate continues to enhance its 24/7 trading and liquidity infrastructure to meet the cross-market asset allocation needs of users worldwide.The Economist Enterprise also pointed out that as the digital asset market moves further toward institutionalization, compliance, transparency, and infrastructure capabilities are becoming key components of platform competitiveness. Gate continues to advance its compliance framework across multiple global jurisdictions and has provided third-party audits and open-source Proof of Reserves since 2020. In addition, Gate is introducing AI infrastructure into Web3, connecting AI with trading, wallets, and more services through products such as Gate AI, Gate MCP, and GateClaw, driving the platform's evolution from a traditional trading venue into a comprehensive financial infrastructure that connects digital assets, traditional finance, and AI applications.
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: Uniswap founder Hayden Adams published a long post on the X platform, stating that as traditional assets such as stocks progressively become tokenized, AMMs are expected to expand from crypto long-tail assets and the stablecoin market into traditional financial markets. He believes that tokenization makes markets programmable, which not only changes how markets operate, but also what kinds of markets can exist, who provides liquidity, and how trading pairs are formed between different assets.Adams argues that in the future, on-chain liquidity may be reorganized around correlation-based trading pairs—for example, NVDA could trade directly against SPY, with SPY/USD serving as the bridge to the US dollar. Meanwhile, he stated that AMMs will win the market. Beyond correlation-based trading, another important factor is the continuous improvement in AMM design and customizability—for instance, Uniswap v4 Hooks enables deep market customization, significantly enhancing LP returns. Adams believes that passive liquidity will ultimately follow a similar development path and prevail, and its impact could be even greater, as it can substantially lower the barriers to creating and participating in markets.
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
Odaily News - Gate has launched an Innovation Board stock trading section, further expanding the platform's stock asset coverage and providing users with more diverse global stock trading options. Currently, 40 popular stocks have been listed, including CXMT, Unitree Robotics, CATL, and others. With the addition of the Innovation Board, Gate Stock now covers multiple major markets including US stocks, Hong Kong stocks, Korean stocks, and the Innovation Board, supporting 12,540+ stocks and ETF assets, with industry-leading asset coverage.Meanwhile, according to RootData data, Gate ranks first globally in the derivatives composite score with 96 points, standing out in dimensions such as the number of contracts, 24-hour trading volume, market share, and liquidity; the spot composite score ranks second globally with 79.55 points. As more stock assets continue to be integrated, Gate is further strengthening its multi-asset trading ecosystem.
Odaily News According to the official announcement, Gate's Event Market has recently launched a leaderboard incentive system, alongside the debut of an esports zone and the "Top Five Leagues Kickoff" campaign, further expanding diversified interactive scenarios such as sports and esports. The first phase of the points campaign will officially begin on August 17 at 18:00 (UTC+8). Users can participate after upgrading the Gate App to version v8.32 or above. The campaign adopts a "trade to earn cards—scratch cards for prizes—climb the points leaderboard—weekly settlement" mechanism. Users who complete valid event contract trades can earn scratch cards and have the opportunity to win USDT, event points, and experience vouchers. Additionally, the top 100 users on the weekly leaderboard will share the points prize pool based on their rankings.Meanwhile, the Gate esports zone aggregates popular tournaments such as Dota 2, League of Legends, CS2, and Valorant, providing centralized access to matchups, live scores, prediction odds, and trading information. It also supports event subscriptions and match start reminders, helping users easily browse and engage in event interactions.Furthermore, from August 12 at 16:00 to August 31 at 16:00 (UTC+8), Gate is hosting the "Top Five Leagues Kickoff Carnival" campaign with a total prize pool of 200,000 USDT. Users who participate in designated football event contracts can enjoy benefits such as kickoff gifts, loss compensation, and leaderboard rewards, further enhancing the interactive experience between football events and event contracts.
According to crypto.news, Reform UK leader Nigel Farage was re-elected as an MP with 63.34% of the vote in the Clacton by-election, and the UK Parliamentary Standards Commissioner subsequently reopened an investigation into his undeclared financial interests. The investigation covers two items: first, personal payments of approximately $6.7 million (approximately £5 million) received from Christopher Harborne, a billionaire investor and shareholder of stablecoin issuer Tether; second, benefits provided by long-term advisor George Cottrell, including drivers, security, social media staff, and a five-story luxury mansion in London. Farage previously denied wrongdoing on the grounds that the "gifts occurred before taking office as an MP," and resigned in July this year, causing the investigation to be suspended. After this re-election, he must redeclare financial interests within one month, and disclose registrable interests received within the 12 months prior to the election. Meanwhile, UK Labour Party MPs are pushing to upgrade the temporary ban on crypto political donations into permanent legislation.
According to Bitget's official announcement, the platform's Stock Dual Investment products are officially launched, initially covering over 20 popular US stocks and ETF-related underlying assets, including rNVDA, rTSLA, rAAPL, rMETA, and others. This upgrade adjusts the product settlement time to 23:30 (UTC+8), better aligning with market trading hours following the US stock market open. In addition, Bitget is simultaneously launching two limited-time campaigns. During the campaign, new users who participate in Bitget Dual Investment for the first time and complete designated tasks such as net deposit will have a chance to receive Dual Investment trial funds rewards, up to 3,000 USDT; the campaign ends on August 21. Meanwhile, purchasing Dual Investment products during the campaign can also earn limited edition merchandise such as Bitget camping kits and commemorative gold coins; the campaign ends on August 28. For more details, please visit the Bitget official website.
Odaily News - Analyst qinbafrank posted on X platform, stating that the latest earnings reports from CoreWeave (CRWV) and Nebius show the AI cloud computing (CSP) industry is entering a phase of rapid expansion. The competitive focus is shifting from simply providing GPU leasing to building AI infrastructure platforms that encompass computing power, software, data, and operational capabilities.Currently, AI computing demand still significantly exceeds short-term deliverable supply. Meanwhile, pricing power for AI computing is strengthening, but price increases are mainly concentrated on high-value resources. CoreWeave stated that prices for various GPU computing SKUs rose by approximately 25% on average in July; Nebius disclosed that prices for previous-generation GPUs increased by over 30% compared to Q1, with new contracts signed in Q2 averaging over $20 million in annualized revenue per MW, some projects reaching $20 million to $25 million, and short-term emergency capacity prices even reaching $40 million to $50 million per MW.However, price increases are mainly occurring in short-term capacity, next-generation GPUs, large-scale clusters, and production-grade AI inference scenarios. Traditional low-priority, long-term locked-in bare computing power has not seen concurrent price increases. From a profitability model perspective, project-level returns on AI computing are becoming clearer, but overall corporate return on invested capital (ROIC) still needs time to be validated. Nebius has for the first time disclosed relatively clear project payback periods, while CoreWeave is reducing GPU investment pressure through long-term contracts and asset-level financing. However, both companies remain in a high-capital-expenditure phase, with depreciation and financing costs continuing to compress profit margins.Nevertheless, an increasing number of individual projects are achieving closed-loop economic models, indicating that the AI infrastructure business model is gradually maturing. Additionally, both CoreWeave and Nebius are upgrading toward becoming "AI infrastructure operating systems." Future CSP competition will no longer be just about renting out GPU hours but will cover complete service systems including AI training, inference, storage, networking, model deployment, monitoring, security governance, and Agent runtime environments.In terms of capital models, the two companies are also taking different paths: Nebius leans more toward an asset-light model, building AI data centers through capital partners while providing AI infrastructure operations and software capabilities itself; CoreWeave, on the other hand, is promoting a hybrid cloud model through its Omni strategy, deploying complete AI cloud platforms to customers' own data centers and GPU resources, placing greater emphasis on enterprise-level and sovereign AI delivery.Overall, the AI cloud computing industry is evolving from "GPU rental providers" to "AI infrastructure platforms." Short-
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
Decentralized stablecoin USDD announced that it will add exclusive TRX rewards to Pendle's sUSDD market, while simultaneously increasing base USDD rewards. The total rewards for this campaign amount to 21,000 USDD and 12,000 TRX, plus PENDLE tokens valued at approximately 30% of the combined value of the aforementioned USDD and TRX. The event runs from 8:00 on August 13 to 8:00 on August 20 (Singapore Time). According to the official announcement, Pendle has integrated PT-sUSDD into the PT Looping module, allowing users to further connect to Morpho's USDC and USDT markets to expand yield potential. Meanwhile, preparations are underway with Pendle for the renewal of the sUSDD market, with specific arrangements to be announced separately.
According to the official announcement, Huobi HTX listed the APR/USDT perpetual contract on August 13, supporting 1-20x long and short positions. Meanwhile, from now until August 18, 15:00 (UTC+8), Huobi HTX is launching a New Coin Futures Trading Competition. Users who complete registration, participate in contract trading of participating tokens, and meet specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.
Odaily News According to official announcements, Gate will list 9 USD1 perpetual contracts at 14:00 (UTC+8) on August 13, covering assets such as BTC, ETH, SOL, XAU, SPCX, SNDK, MU, SK HYNIX, and XAG. Meanwhile, Gate will launch a limited-time promotional fee discount for USD1 contract trading starting from 14:00 (UTC+8) on August 13. During the campaign period, users from VIP 0 to VIP 16 trading any USD1 perpetual contract will enjoy zero taker fees for maker orders and a 75% discount on taker fees.In addition, Gate will launch the USD1 Contract Pioneer Challenge from 15:00 on August 13 to 15:00 on August 20 (UTC+8). Users who participate in trading designated USD1 contract pairs and complete a cumulative trading volume of 1,000 USD1 for the first time can claim a 20 USD1 contract position experience voucher; those who check in for 7 consecutive days of trading can share a 50,000 USD1 contract position experience voucher prize pool; and the top 100 users by cumulative trading volume can also share a 50,000 USD1 cash reward. The three reward tiers—first trade, daily check-ins, and leaderboard ranking—can be stacked, with a total prize pool of 140,000 USD1 equivalent.
: Fox Business crypto reporter posted on X that BlockchainAssn, a crypto industry organization, has filed an amicus brief supporting Custodia Bank's petition to the U.S. Supreme Court, urging the Court to review whether regional Federal Reserve banks have the authority to deny eligible state-chartered banks access to master accounts. The organization warned that lower court rulings in favor of the Federal Reserve grant the central bank broad power to disqualify industries or companies it does not recognize from accessing banking services, effectively determining which state-chartered banks are permitted to operate. Meanwhile, the Federal Reserve Bank of Kansas City has been granted an extension until September 11 to respond to Custodia's petition.
According to The Verge, Google has officially released the Pixel Watch 5, priced at $399, up $50 from the previous generation. Hardware updates are limited, featuring only a faster Qualcomm processor, a slightly increased battery capacity, and new Satin Pyrite colorway and Steph Curry Special Edition. The biggest highlight of this generation lies in the software front: Gemini adds an offline mode, supporting basic operations such as setting timers and launching apps in offline environments (though response speed is significantly slower in offline state). Meanwhile, Gemini will more proactively provide contextual suggestions; for example, when receiving a text message inquiring about the schedule, users can directly access Google Calendar from the wrist. Additionally, the watch face adds real-time information icons, capable of instantly displaying timers, Uber estimated arrival times, and fitness data. Pinch and wrist flip gesture controls also achieve deeper system integration with Wear OS 7.
Bitget announces the launch of the "Archimedes Plan (Project Archimedes)", establishing a dedicated fund with a total size of $300 million to provide capital support to quantitative trading firms, asset management institutions, and market makers. The plan comprises two sub-projects: a $100 million "Funding Support Plan" focusing on supporting emerging and growth-stage quantitative institutions adopting market-neutral strategies; and a $200 million "Interest-Free Loan Plan" targeted at institutions with mature strategies and certain trading volumes, where those meeting corresponding trading volume or position standards can obtain interest-free funds to reduce financing costs and expand strategy scale. Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming key factors determining whether strategies can achieve scalability. Project Archimedes aims to help teams with mature capabilities expand strategy scale through capital support, and is expected to support over 50 projects within the next six months. Meanwhile, leveraging the Bitget Unified Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining tokenized stock exposure and contract strategies simultaneously without cross-account transfers, thereby further improving capital efficiency. Project Archimedes will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will subsequently disclose progress regularly, including the number of participating institutions, fund deployment scale, and strategy distribution.
Odaily News: Prediction market platform Polymarket is undergoing an organizational upgrade in preparation for the upcoming fall trading peak, bringing in several new executives, restructuring its marketing system, and strengthening its compliance team in preparation for U.S. market expansion. Polymarket recently hired Travis VanderZanden, founder of shared e-scooter company Bird and former Uber and Lyft executive, as Chief Growth Officer, responsible for the company's growth strategy and marketing system development. VanderZanden stated that the prediction market is at a critical stage of rapid development, and the company needs to further improve its management team to support long-term growth.This adjustment comes as Polymarket faces regulatory scrutiny. Previously, the U.S. Commodity Futures Trading Commission (CFTC) had launched an investigation into its business model, related to the platform's marketing activities and promotional partnership policies. Sources say Polymarket has restructured its marketing department, updated rules for promotional partners, and provided relevant training to employees, while also hiring consulting firm AlixPartners to oversee whether content published by partners complies with the new standards.Meanwhile, Polymarket continues to strengthen its compliance and risk management capabilities for its U.S. operations. The company's U.S. trading platform has added several new executives in regulatory and risk roles, including former Robinhood executive Megan McGrath as Chief Compliance Officer for the U.S. platform, former Coinbase executive Natalie Oblazny overseeing U.S. regulatory affairs, former FBI and Coinbase employee Shana Bautista as Head of Global Investigations and Intelligence, and former Nasdaq executive Paul Jordan as Chief Risk Officer for the U.S. platform.Polymarket's U.S. trading platform went live in May this year and operates independently from its international business. With the NFL new season kicking off in September and the U.S. midterm elections approaching in November, the market expects a new wave of growth in prediction market trading activity.Previously, Polymarket had already become one of the representative platforms in the prediction market space and continues to seek expanded fundraising. According to reports, the company is currently seeking a new funding round at a valuation exceeding $20 billion. As institutional investors and professional traders gradually enter the prediction market, Polymarket is attempting to transform from a retail-facing, betting-style prediction platform into a more mature financial market infrastructure. (CNBC)