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1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: -2.82%
- ETH: -5.38%
- DOGE: -5.83%
- BNB: -2.60%
- SOL: -3.42%
- DATA：-5.25%
- ADA: -8.78%
- CITY: -6.01%
- XRP: -6.09%
- PEPE: -4.98%
24-hour price increase list (data source: OKX):
- PHA: 6:08%
- UMA: 5.47%
- J: 4.82%
- CSPR: 4.01%
- ZBCN: 3.57%
- POR: 3.31%
- MEME: 2.72%
- PUMP: 2.26%
- ZKJ: 1.91%
- FXS: 1.69%
2. Top 5 popular memes on the chain (data source: GMGN ):
- PEPEMOON
- LILPEPE
- WBONK
- TOYOTA
3. 24-hour hot search currencies
Brand names like Google and Toyota have recently been frequently added to the Solana blockchain, spawning a large number of meme tokens and sparking a “brand frenzy.” However, these tokens are largely hype and have no official affiliation, so investment should be approached with caution.
Headlines
U.S. Treasury Secretary: Will meet with 11 Federal Reserve chairman candidates
U.S. Treasury Secretary Benson said he will meet with 11 candidates for Federal Reserve chairman.
Crypto journalist Eleanor Terrett reported that Wyoming has launched Frontier (FRNT), a stablecoin backed by the US dollar and short-term Treasury bonds, becoming the first US state to do so. FRNT is currently listed on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. Due to regulatory restrictions, the token is not yet available to the public. The executive director of the Wyoming Stable Coin Committee stated that detailed discussions on the matter will be held later today.
Tom Lee quoted Fundstrat analysts’ views: ETH may pull back to $4075-4150 in the middle of the week
Tom Lee quoted the prediction of ETH trend made by Mark Newton, managing director and technical analyst of Fundstrat (the research consulting firm founded by Tom Lee) on X.
Mark Newton believes that ETH may pull back to $4075-4150 by mid-week, and Tom Lee said: “A pullback is healthy.”
Polymarket predicts a 71% chance of a 25 basis point rate cut by the Federal Reserve in September, and a 3% chance of a 50 basis point cut. The current total amount in the prediction pool is $26.77 million.
Industry News
TRON will be integrated into the MetaMask wallet
TRON DAO and MetaMask have reached a strategic cooperation agreement. MetaMask will natively integrate TRON in its self-custodial crypto wallet developed by Consensys. This integration will enable MetaMask users to interact with the TRON ecosystem directly through the wallet interface.
U.S. SEC Chairman Paul Atkins announced on the X platform that he will participate in a fireside chat about Project Crypto at the SALT Wyoming Blockchain Symposium.
SALT is a global investment platform connecting institutional asset owners with asset managers and technology entrepreneurs.
JPYC Japanese Yen Stablecoin to Launch on Ethereum, Avalanche, and Polygon
JPYC, the issuer of the Japanese Yen stablecoin, announced that it has completed registration as a money transfer operator and plans to deploy its Japanese Yen stablecoin on the Ethereum, Avalanche, and Polygon networks. According to data, JPYC completed a 500 million yen (approximately $4.43 million) Series A funding round in November 2021, led by Headline Asia and participated by Circle Ventures.
The ERC-8004 proposal, titled “Trustless Agents,” has been released. Based on the agent-to-agent protocol (A2A), it provides trust guarantees for autonomous AI agents by establishing three on-chain registries (identity, reputation, and verification).
ERC-8004 aims to enable unrelated agents to securely interact based on Ethereum’s immutable ledger, ensuring verifiable identities, traceable behavior, and provable operations. The proposal proposes that Ethereum will become the “trust foundation” of the machine economy, with smart contracts serving as the means of communication between humans and AI, and AI agents collaborating through Ethereum’s shared “immutable memory.”
BTFS, the distributed storage network under TRON, has officially launched BTIP-104, an innovative new feature that introduces automatic and manual file storage renewal. BTIP-104 allows users to automatically renew files by uploading parameters or manually extend file storage expiration using CLI commands, eliminating the need for repeated uploads. This upgrade will significantly improve the user experience, effectively reduce network bandwidth consumption, and provide a reliable solution for long-term file storage needs. Currently in the conceptual stage, the community is invited to participate in discussions on GitHub to help refine this important feature.
Google increases stake in Bitcoin mining company TeraWulf to 14%, becoming its largest shareholder
Google has increased its stake in TeraWulf, a bitcoin mining company focused on clean energy, to 14%, making it the company’s largest shareholder.
Lib Work, a Japanese 3D printing construction company specializing in the research and development and application of 3D printing construction technology, announced that it will include Bitcoin in its corporate reserve assets and plans to purchase $3.3 million worth of BTC as an inflation hedge.
Project News
Robinhood Launches SUI Spot Trading
According to the official announcement, Robinhood has now launched SUI spot trading.
LazAI Testnet Officially Launches: Building a Verifiable On-Chain AI Economic Protocol
On August 19th, LazAI, a Web 3-native AI infrastructure protocol, announced the full launch of its testnet . Through programmable data-anchored tokens (DATs), on-chain traceability, and transparent value streams, the testnet aims to address three core AI challenges: data monopoly, lack of quality verification, and unfair revenue distribution.
The LazAI testnet aims to enable the creation, ownership, and profit of AI agents and data assets. By breaking down the closed data barriers of AI, ensuring every output can be trusted, and enabling creators to achieve full ownership and monetization in an open on-chain AI economy, the LazAI testnet aims to empower creators with a secure and reliable AI ecosystem.
Testnet highlights include: the Alith development framework, data-anchored tokens (DAT), and out-of-the-box scalability; developers can now join the testnet and build verifiable AI applications.
Users who complete the whitelist registration before August 20th can be among the first to mint the AI companion DAT asset Lazbubu and receive special rewards.
Boundless Announces Token Economic Model, with 6% Allocated to Community Sales and Airdrops
The verifiable computing layer Boundless officially announced that it will launch the token ZK Coin (ZKC). The initial supply of ZKC is 1 billion tokens, and the specific distribution is as follows.
49% will be allocated for ecosystem growth. Of this, 31% will be held as an ecosystem fund by the Boundless Foundation. A quarter of this will be locked for one year, and the remaining three-quarters will be unlocked in equal monthly installments over the next 24 months, until the end of the third year.
The Strategic Growth Fund allocates 18% for enterprise integration, business development, and institutional-level certifier access. These tokens will be gradually unlocked over 12 months.
The core team and early contributors receive 23.5%. Of this, 20% of the tokens are allocated to the core development team and early contributors who brought Boundless from concept to mainnet. Another 3.5% goes to RISC Zero, the company that initially incubated Boundless. The unlocking rules for this portion are consistent with those for the Ecosystem Fund.
The community token sale and airdrop will allocate approximately 6% to reward early contributors, including attesters and Kaito Yappers. 50% of the community sale tokens will be unlocked at the TGE, with the remaining 50% unlocked six months later. 100% of the airdrop tokens will be unlocked at the TGE.
Investors are allocated 21.5%, and the unlocking rules for this portion are consistent with those of the team.
The “AI stablecoin” project USD.AI has officially announced that it has been launched. Users can deposit USDC on the Arbitrum network in exchange for USDai, and then pledge it again in exchange for sUSDai. Depositing users will accumulate points, which will be used for future airdrops and public offerings (FDV valuation of US$300 million) quotas.
Earlier news reported that USD.AI, a stablecoin protocol that provides credit for AI, completed a US$13 million Series A financing round, led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum and others.
The blockchain game Pirate Nation announced that it will cease all on-chain operations within the next 30 days, including the Pirate Nation game itself and its Apex and Boss chains. The project stated that maintaining two chains simultaneously is no longer economically viable. The project stated that some core game content will be retained through the Proof of Play Arcade on Abstract, with support for gradual porting to other blockchains. Regarding Founder’s Pirates, the official PIRATE token distribution will be finalized, after which it will be converted into a community identity NFT, with no further token claims supported.
Tether has appointed Bo Hines, a former White House crypto council executive, as its digital asset strategic advisor.
Regulatory trends
A Spanish DeFi investor has been ordered by tax authorities to pay approximately $10.5 million in back taxes for using crypto assets to secure collateral. The Spanish tax authorities classified the activity as a capital gain, even though the investor did not sell the assets or realize a profit.
The report states that the investor had previously declared all cryptocurrency transactions and paid $5.84 million in taxes, but three years later, tax authorities imposed tax on the use of assets as collateral to obtain loans through DeFi protocols. Tax advisors say this interpretation lacks economic and legal basis and contradicts the definition of capital gains in Spanish and EU law.
The Spanish tax authorities have sparked controversy by designating stablecoin loans and token transfers to DeFi protocols like Beefy or Tarot as taxable events. Article 33 of the Spanish Personal Income Tax Act requires that capital gains reflect actual economic benefits and changes in net assets.
According to Hong Kong’s Sing Tao Daily, Circle Coin Innovation Technology, a subsidiary of Circle Coin Technology Group, which plans to issue a stablecoin in Hong Kong, has joined forces with HashKey Group, Beosin, and SlowMist to establish the Digital Asset Anti-Money Laundering Committee (DAAMC), supported by the Hong Kong Virtual Asset Industry Association (HKVAIA). The committee will focus on the compliant issuance of stablecoins and financial integrity, in line with the Hong Kong Monetary Authority’s “Guidelines on Anti-Money Laundering and Countering the Financing of Terrorism.” The committee plans to publish two technical reports on stablecoin anti-money laundering and hold a seminar at the end of the month.
Illinois passes two crypto regulatory bills covering exchanges and crypto ATMs
Illinois Governor JB Pritzker has signed the Digital Asset and Consumer Protection Act (SB 1797) and the Digital Asset Kiosk Act (SB 2319). The former authorizes the state Department of Financial and Professional Regulation to regulate digital asset exchanges and related businesses, requiring them to maintain adequate financial resources and implement cybersecurity measures. The latter targets cryptocurrency ATMs, requiring operators to register, fully refund victims of fraud, cap transaction fees at 18%, and limit new users to a daily transaction limit of $2,500.
South Korea’s Financial Services Commission (FSC) has ordered local cryptocurrency exchanges to suspend lending services until formal regulatory guidelines are issued. The FSC stated that such services currently operate in a legal gray area, posing a risk of user losses. Existing contracts will be allowed to be repaid normally or have their maturities deferred. Platforms that fail to comply with the administrative guidelines will face on-site inspections. The FSC stated that it will swiftly formulate relevant rules to protect investors and establish a clear regulatory framework.
Investment and Financing
Valantis acquires Hyperliquid’s second-largest liquid staking platform, StakedHYPE
Decentralized exchange protocol Valantis announced the acquisition of StakedHYPE, the second-largest liquid staking platform on the Hyperliquid blockchain, for an undisclosed sum. StakedHYPE’s operations and development will be transitioned to Valantis Labs, with its founder, Addison Spiegel, joining Valantis as an advisor.
StakedHYPE, with a total value locked (TVL) exceeding $200 million, is second only to Kinetiq and is a vital component of the Hyperliquid ecosystem. Valantis previously launched dedicated trading platforms for stHYPE and kHYPE, which currently have a combined TVL of approximately $70 million and a cumulative trading volume exceeding $500 million.
Bitcoin treasury company KindlyMD (NASDAQ: KDLY) announced the completion of a $200 million convertible note offering, which will be used to increase its Bitcoin (BTC) holdings. On August 15th of this year, KindlyMD completed its merger with Nakamoto Holdings and operates under the KindlyMD name. BTC Inc. co-founder David Bailey has been appointed CEO, and Anchorage Digital will provide Bitcoin custody and trading services. KindlyMD previously raised $540 million through a PIPE.
Green Minting Technologies (“Mint”), a renewable energy developer in Delaware, USA, announced a $150 million investment agreement with GEM Digital to build a 600-megawatt off-grid renewable energy Bitcoin mining and AI data center project.
Mint plans to raise $400 million through an initial exchange offering (IEO) using its MINT token. CEO Alex Wey stated that the MINT token will enable individuals to access scalable, renewable energy-powered mining and computing services at low cost, thereby decentralizing the Bitcoin mining ecosystem. The project will also allocate some resources to developing high-quality data centers that support AI tools.
o1.exchange completes $4.2 million in funding, led by Coinbase Ventures and AllianceDAO
According to official news, o1.exchange announced that it has completed US$4.2 million in financing, with Coinbase Ventures and AllianceDAO co-leading the investment.
According to reports, o1.exchange is building the first comprehensive trading terminal designed specifically for the Base chain, and at the same time launching a cash rebate incentive program aimed at improving user trading experience and platform liquidity.
LYS Labs, a blockchain data intelligence platform, has secured $4 million in funding, including a $2 million angel round and a $2 million seed round. Investors include institutional investors such as Alchemy Ventures and Delphi, as well as individual investors from projects such as 0G Labs and Ocean Protocol.
Character Voice
BitMine Chairman Tom Lee posted on the X platform that, in conversations with institutional investors, most expected Federal Reserve Chairman Powell to maintain a hawkish stance at the Jackson Hole annual meeting to avoid being forced to cut interest rates prematurely. However, since the market has already adopted a hawkish stance as its baseline expectation, his statement is more likely to be interpreted as dovish, driving a rebound in US stocks after Friday’s speech.
ODIN•FUN founder: Part of the hacker’s funds have been frozen, and audit and repair are in progress
ODIN•FUN founder Bob Bodily updated the platform, stating that funds held on some CEX exchanges and tokens have been frozen, and the platform is cooperating with authorities to track down those involved and recover the assets. The platform is nearing completion of the audit and remediation process, and a public report will be released after the auditors’ review. The platform will also ensure a 1:1 balance of user funds before resuming trading. The team is also working to clean up the impact of the attacker, removing abnormal transactions while preserving legitimate user transactions. Bob stated that resuming trading requires confirmation of funds, completion of the audit, and platform cleanup. While the timeline is not yet determined, progress is progressing well. He also thanked the community for their support during the incident.
BitMine: ETH’s large short positions represent potential future purchasing power
Ethereum treasury company BitMine stated in a statement that the large number of short positions in ETH currently in the market can be regarded as potential future purchasing power.
Founder of Linekong Interactive: I have been buying the bottom of ETH for three consecutive days
Wang Feng, founder of Linekong Interactive, posted that he has been buying the dip in Ethereum for three consecutive days. He previously stated his bullish outlook on Tesla last year, but now recommends buying Ethereum. He believes that Trump’s new crypto policies are releasing market liquidity, Bitcoin is being viewed as digital gold, and traditional funds are embracing the programmability of crypto assets. Ethereum is the only one with an advantage in the “consensus-first” race, which is the core of market competition.
Bankless co-founder David Hoffman wrote on the X platform that the Cap Protocol allows users to deposit USDC and receive cUSD. Borrowers can obtain unsecured USDC credit lines. Borrowers are underwritten by EigenLayer re-staking providers, who will repay the funds if the borrower defaults. This protects cUSD holders while allowing re-staking providers to share in the profits.
Nate Geraci: The rise of digital asset treasury companies is mainly due to regulatory arbitrage
ETF Store President Nate Geraci posted on social media that the rise of digital asset treasury companies (DATs) is primarily due to regulatory arbitrage. However, as regulatory barriers gradually weaken at an increasingly rapid pace, market demand and interest in DATs will also decline.