Important News from Last Night and This Morning (August 17 - August 18)

Wallet Migration Tool Launching Soon, Asset Recovery Tool Expected in September
Wallet service providers announced that their wallet migration tool will be launched soon, and the asset recovery tool is expected to open in September. It is anticipated that fraudulent activities surrounding these two processes will significantly increase. The team emphasized that they will not contact users through any platform's private messaging, will not ask for transfer fees or taxes, will not require the installation of additional applications or remote tools, and will not ask for mnemonic phrases or private keys. The official reminder states that forged migration tools, counterfeit websites, address replacements, so-called "migration/recovery assistance," advance fee collections, impersonating customer service and regulatory agencies, and using AI for high-level impersonation will be the main tactics. Users should only participate in the migration and asset recovery processes through the official application and support.secondfi.io.

Bitcoin Mining Company Signs $350 Million Five-Year AI Cloud Computing Deal
BUZZ High Performance Computing, a subsidiary, has signed a five-year GPU cloud service contract with an investment-grade corporate client, with a total value of approximately $350 million. This is expected to add about $70 million in annual revenue, bringing BUZZ HPC's annual revenue to approximately $180 million. BUZZ HPC will deploy 2,016 NVIDIA Blackwell Ultra GPUs at the Bell AI Fabric data center in Merritt, British Columbia, Canada, using the GB300 NVL72 cabinet solution along with Quantum-X800 InfiniBand and VAST Data storage, expected to go live within this year. The project capital expenditure is approximately $185 million, partially supported by a client prepayment of about $35 million, zero-interest convertible bonds issued in June this year, and equipment financing. The infrastructure ownership will be retained, and it is expected that after the cluster is delivered in Q4 2026, the HPC/AI daily revenue will reach about $500,000.

Repurchased $132 Million in STRC and Increased USD Reserves to $4.8 Billion
The latest submitted 8-K document shows that from August 10 to 16, the company sold approximately 3.46 million shares of MSTR, netting $333.7 million, of which $132.2 million was used to repurchase 1.3887 million shares of STRC, and $149.1 million was used to increase USD reserves; as of August 16, USD reserves reached $4.8 billion. During the same period, no Bitcoin was bought or sold, maintaining a holding of 840,447 coins.

Increased Holdings by 79 Bitcoins, Total Holdings Rise to 20,246 Coins
The submitted 8-K document shows that from August 10 to 14, the company increased its holdings by 79 Bitcoins at an average price of approximately $63,231 (including fees). As of August 14, its total Bitcoin holdings increased from 20,167 to 20,246 coins; it also holds 505,000 preferred shares.

Stocks to Be Listed on the Shanghai Stock Exchange STAR Market on August 19, Initial Free Float at 7.44%
The company announced that its RMB ordinary shares will be listed on the STAR Market of the Shanghai Stock Exchange on August 19, 2026, with stock code 688836. This public offering will issue 40.4464 million shares, accounting for 10.00% of the total share capital after issuance, with a total share capital of 404 million shares after issuance. In 2025, the company achieved operating revenue of 1.699 billion yuan, with a net profit attributable to shareholders of the parent company of 278 million yuan, whichever is lower before and after deducting non-recurring gains and losses. The issuance price is 150.80 yuan per share, corresponding to a diluted static price-to-sales ratio of 35.89 times for 2025, which is higher than the average level of comparable companies in the industry, corresponding to a diluted price-to-earnings ratio of 219.23 times, which is also higher than the average static price-to-earnings ratio in the industry over the past month. The initial number of unrestricted circulating shares upon listing will be 30.0877 million shares, accounting for 7.44% of the total share capital after issuance.

AI Chip Startup Raises $350 Million, Valuation Drops to $3.5 Billion
An AI chip startup has completed a $350 million financing round, but its valuation has dropped to $3.5 billion, about half of its valuation from nearly a year ago. This round of financing was led by an investment firm based in Dallas, with NVIDIA also participating in the investment. Founded in 2016, the company was once considered a significant competitor in the AI chip field, focusing on developing dedicated hardware for AI computing. The company is currently transforming into an AI data center operator, focusing on serving AI model inference needs.

Plans to Invest $1.5 Billion, Will Become Project Client
The company announced an agreement with SB Energy and the U.S. Department of Energy to build an approximately 8GW IT data center cluster at the Pike County PORTS-Pike Technology Park in Ohio, with the first batch of 800MW expected to go live in 2028, and the overall project construction period extending to 2032. It will self-fund the costs of grid upgrades and new transmission lines, and the data center will use a closed-loop air-cooling system to reduce water usage. The project is expected to create approximately 35,000 construction jobs and 2,500 long-term operational jobs, and will jointly contribute $80 million to establish a community fund with SB Energy, providing a total of $84 million in Codex (internal tool) usage credits to approximately 844,000 Ohio college students. The company will invest $1.5 billion in SB Energy, and the data center will be dedicated to deploying AI computing clusters.

Last Week Added 9,926 ETH, Total Holdings Rise to Over 5.81 Million
Last week, 9,926 ETH were added, bringing the total Ethereum holdings to 5,815,164 as of August 16, accounting for approximately 4.8% of the total ETH supply. The company's current total assets in cryptocurrencies, cash, and other investments amount to approximately $11.4 billion, including $78 million in cash and securities, 210 Bitcoins, $180 million in equity, and $73 million in investments. The amount of staked ETH is 5,067,309 (accounting for about 87% of total holdings), with annualized staking returns estimated at about $250 million. During the same period, the company repurchased 1.7 million common shares, with a cumulative repurchase of 20.8 million shares since July 1.

Voice Tool Completes $280 Million Series B Financing, Led Investment
The voice tool has completed a $280 million Series B financing round, with a post-investment valuation of $2 billion. This round was led by existing shareholders, with new institutions joining. The company has raised a total of $361 million, which will be used to expand products such as voice transcription and meeting minutes, and to launch a new voice model called Canto, claiming to reduce the error rate from about 30% to less than 10%, while increasing its presence in markets such as India and the UK, as well as hardware collaborations.

Officially Supports Native 1080p Video Generation, API Launched Simultaneously
The official website shows that it now officially supports native 1080p video generation, with the API launched simultaneously. Positioned as "cinema-grade long narrative" with realistic image quality and long shot capabilities, it previously supported 480p and 720p video generation. With the launch of 1080p capabilities, it further enhances image clarity and visual quality, expanding the ceiling for post-production and professional scenarios. The official website shows that the 1080p API has a limited-time discount for the first month. During the promotional period, the price for 1080p image-to-video generation has dropped from 3.7 yuan/second to about 2.7 yuan/second, with the discount lasting until September 17.

Regulatory Authority Issues First Fine
Financial regulators have imposed a fine of €70,000 on a cryptocurrency trading platform. This is the first legally binding penalty issued by the country under the EU's Regulation on Markets in Crypto-Assets. The regulator accused the platform of failing to submit a white paper within the required timeframe and distributing marketing materials to investors without the necessary risk disclosures and explanations.

Seeks Public Opinion on Stablecoin Implementation Rules
A proposed rule notice has been released to seek public opinion on the implementation framework of Article 3 of the Act. The Act is expected to take effect on January 18, 2027, requiring federal or state licenses for the issuance of payment stablecoins in the U.S.; starting July 18, 2028, digital asset service providers will generally not be allowed to offer payment stablecoins issued by unlicensed issuers to U.S. users. The public can submit comments within 60 days after the rules are published in the Federal Register.

Invests $200 Million in Construction Robotics Startup
The group has invested $200 million in a Swiss construction robotics startup, completing its Series A financing. Originating from the Swiss Federal Institute of Technology Zurich, the company primarily develops autonomous driving software and hardware for earth-moving construction equipment, enabling heavy machinery to operate autonomously and allowing remote supervision of robotic fleets.

Approves $52 Million Budget, Shifts Focus to Institutional DeFi Market
The DAO has approved a record $52 million budget and restructured its leadership team, shifting its strategic focus to institutional clients, planning to expand RWA, partner integration, and traditional financial credit infrastructure. The current TVL is approximately $1.2 billion, down 90% from the peak of $12 billion in 2021.

Analysis: U.S. Stock Market Sentiment at Extreme Calm, Wall Street Warns of Significant Pullback in August to October
Despite the S&P 500 index rising significantly this year and continuous inflows of funds, the historically seasonal selling period, ongoing geopolitical conflicts, and emerging signs of consumer fatigue are prompting Wall Street strategists to issue concentrated warnings about risk aversion. Wall Street institutions generally view the period from mid-August to mid-October as a historically turbulent time for the market. According to statistical models, in every midterm election year since 1990, the equal-weighted S&P 500 index has experienced at least a 7% pullback from the average peak on August 18 to mid-October. The Chicago Board Options Exchange Volatility Index (VIX) fell sharply to 14.2 last Friday, marking the lowest level since 2026. This index measures expected market volatility over the next 30 days by tracking S&P 500 options prices, and its decline typically indicates a trend toward absolute calm in market sentiment. The managing director and chief market technical analyst noted that the performance of U.S. stocks in 2026 has been described as "abnormal." Since last October, the market has never experienced an extreme single-day sell-off where the volume of declining stocks accounted for as much as 80%. Quantitative trading giants describe the current reset of volatility as a "substantial" decline. The institution pointed out that cross-asset and geopolitical risks remain active, with the implied volatility for two-month options slightly rebounding to 13.5%, approaching levels before the outbreak of the Iran conflict.

Optimistic: AWS Revenue Expected to Reach $1 Trillion, Stock Price May Rise to $500 by End of Next Year
It is stated that if cloud business growth accelerates further, its stock price may rise to $500 by the end of 2027, nearly doubling from current levels. The core assumption of this optimistic scenario is that annual revenue ultimately reaches $1 trillion, primarily driven by the growth in AI computing demand and cloud computing capacity expansion. Recently, the expected AI-related capital expenditures for 2026 have been raised to $220 billion. The current benchmark target price for the company is $335, indicating about a 28% upside from current levels.

Pirated Resources of the Movie "Odyssey" Conceal Trojans That Can Steal Cryptocurrency Wallets and Account Information

A security company has warned that pirated download resources for the newly released Hollywood blockbuster "Odyssey" have been embedded with information-stealing malware by attackers, attempting to steal users' cryptocurrency wallets, passwords, and browser data through fake movie files. The malicious files began spreading just days after the film's release, disguised as high-definition WEBRip or Blu-ray versions, and using names similar to legitimate torrent files to attract users to download. In reality, these files are not videos but Windows executable programs that infect devices when run. Attackers often replace file icons to make them look like VLC player or video files, while also taking advantage of Windows' default setting to hide file extensions, reducing users' ability to recognize risks. Once executed, the malware collects saved passwords, payment information, autofill data, remote desktop credentials, and sensitive information including cryptocurrency wallets. Additionally, the malware steals authentication cookies, allowing attackers to bypass some account protection measures even if users have enabled multi-factor authentication (MFA).

The offering price corresponds to a static price-to-sales ratio of 35.89 times after dilution in 2025.

It was disclosed that the offering price is 150.80 yuan per share, with a total share capital of 404 million shares after the issuance, of which 30.877 million shares are unrestricted circulating shares at the initial listing stage, accounting for 7.44% of the total share capital. The offering price corresponds to a static price-to-sales ratio of 35.89 times after dilution in 2025, higher than the average level of comparable companies.

ETF Faces "Yield Paradox": For Every $1 Earned, $4.52 in Losses Realized

The latest disclosure from its ETF shows that the fund realized approximately $4.52 in losses for every $1 of distribution income generated through the sale of tokens to pay staking rewards in the second quarter of 2026. According to regulatory documents, 98,505 DOT were sold in the second quarter, generating approximately $107,500 in cash to pay staking rewards to shareholders. However, due to a significant price drop, these sales confirmed a loss of approximately $485,600. Data shows a decline of about 34% in the second quarter, with a cumulative drop of 76% over the past 12 months as of June 30. Since shareholders receive dollar-denominated distributions rather than direct staking rewards, the fund needs to sell tokens to convert to cash payments, thereby locking in losses in a low-price environment. The fund paid approximately $0.14698 per share in cumulative distributions in the second quarter, but during the same period, the fund's share price fell from $14.95 to $9.86, a decline of about 34%, meaning staking rewards did not offset the losses caused by the drop in asset prices.

Lianchuang: Implied Volatility at Historical Low, but Low Volatility Trap Risk Rising

Disclosure data shows that while the current period may be one of the lowest costs for buying Bitcoin (BTC) volatility in recent years, data indicates that investors buying volatility recently have not realized gains. The co-founder stated that the actual realized price volatility has been lower than the volatility expectations previously paid in the options market, meaning the cost paid for volatility is higher than the final volatility performance obtained, but "low volatility (Cheap vol) does not equal high value (good value)." Data shows that implied volatility is currently in the lowest 2% range of historical data distribution, but the volatility level priced in the options market is still about 1.5 times the actual market volatility. The constructed "Volatility Value Trap Score" currently stands at 91/100, the highest level in over 3.5 years. It is believed that while the current market is in an extremely low volatility environment, the cost-effectiveness of purchasing volatility remains questionable, and the market may need to wait for actual volatility to expand to verify whether the current volatility pricing is reasonable.

124 Employees Have Average Stock Value Exceeding 5.5 Million Yuan, 561,000 Incentive Shares to Be Listed on August 20

The company recently received the "Transfer Registration Confirmation" and "Securities Change Registration Certificate" issued by the Shanghai branch of China Securities Depository and Clearing Corporation, completing the registration of shares for the first vesting period of the 2023 Restricted Stock Incentive Plan (referred to as "this incentive plan"). The number of incentive recipients for this vesting is 124. The total number of shares to be listed is 561,000. The listing date for these shares is August 20, 2026. The number of restricted shares vesting this time is 597,600, of which 36,600 shares come from the company's repurchased A-share common stock, and 561,000 shares come from the company's directed issuance of A-share common stock to the incentive recipients. Market analysis estimates that at today's closing price of 1,156 yuan per share, the total value of 597,600 shares is 690 million yuan, corresponding to an average stock value of 5.5715 million yuan per person.

Attention to ETH Trend Change: Only 3.5% Away from Breaking Key Daily Cloud

The chairman shared an analysis related to Ethereum, showing that ETH is approaching an important technical breakthrough, currently only about 3.5% away from breaking the daily cloud. According to the analysis, this indicator has not been effectively broken since October 9, 2025. If ETH successfully stands above the daily cloud, it may indicate an improvement in the long-term trend structure and release further upward signals. Comments state, "It would be good to see this scene." The "Daily Cloud" typically refers to the Ichimoku Cloud in technical analysis, where "daily" indicates a daily candlestick period. Generally, the area above the cloud is considered bullish, and clouds that have not been broken for a long time often form significant resistance. Recent movements of ETH are driven by multiple factors, including expectations of institutional capital inflows, the development of the Ethereum ecosystem, and market bets on improvements in future liquidity conditions. However, whether it can break through and stabilize at key technical positions still requires observation of trading volume and capital flow.

Annual Revenue Exceeds $65 Billion Before IPO

Insiders reveal that the current performance indicates that the company's annual revenue is expected to exceed $65 billion, growing more than sevenfold from the level at the end of last year. Insiders stated that as of the end of July, the annual recurring revenue (ARR) had reached $65 billion. One insider mentioned that this data was shared during regular updates to investors about the company's situation. The significant acceleration in revenue further strengthens confidence in advancing the listing plan. The company has secretly submitted listing-related documents and is expected to land on Wall Street as early as this fall, possibly sooner.

Currently Prioritizing STRC, Cash Reserves, and Credit Business Over Stock Buybacks

The executive chairman stated on Monday that the company is currently prioritizing STRC preferred shares, cash reserves, and credit business over stock buybacks. Affected by the decline in Bitcoin, the stock has fallen about 38% this year. He stated that if there is a "very deep discount" relative to net asset value, buybacks may be considered, but it is not a priority at the moment. The CEO defended the issuance of new shares, stating that issuing shares to purchase Bitcoin can enhance the BTC content per share when it is above the underlying asset value. After the decline, the company holds $4.8 billion in cash to cover dividend payments and plans to maintain a large cash balance for flexible operations. He also stated that the company needs to "both sell and buy" Bitcoin, retaining more cash when far above the 200-week moving average and considering it a buying opportunity when close to or below the average. He ruled out the possibility of acquiring operating companies to generate cash, advising investors to hold for at least four years, preferably seven to ten years: "I understand your pain, but we must prepare for tough years ahead."

Chain's TVL Grew Over 45% in August, Tokenized RWA Proportion Dropped from 33% to 6%

The total value locked (TVL) grew over 45% in August to over $540 million, with on-chain tokenized RWA reaching $32 million, a month-on-month increase of 120%. Notably, the proportion of RWA in on-chain TVL dropped from nearly one-third on July 7 to 6% now, with the growth rate of TVL being about seven times that of RWA, despite previously positioning tokenized stocks as the core selling point of the chain. The market value of on-chain stablecoins reached $640 million, growing over 22% within the month, with a nearly 50% increase from early August to $286 million, accounting for 44% of the total on-chain stablecoin supply; while the native stablecoin hovered between $330 million and $350 million during the same period, having occupied 92.7% of the supply share in the first week after launch.

Token Deployment Platform to Cease Operations on August 31 Due to Lack of Funding Support

A one-stop token deployment platform announced it will initiate shutdown procedures, with all operations ceasing on August 31, 2026. The team stated that they have tried all feasible solutions over the past three months, but the project can no longer be sustained due to a lack of funding and distribution support in the current market environment. Starting from August 18, all on-chain staking positions and staking rewards will be automatically unstaked and returned to the original deposit address, and staking functions will subsequently be suspended. Due to the project shutdown, the planned token generation events and airdrops will be canceled. After August 31, the application interface will go offline, but tokens issued through the platform will continue to exist as independent on-chain assets. The team expressed deep regret for failing to fulfill the airdrop promise.

A Dormant Bitcoin Wallet Transfers 8.54 BTC to Kraken After 15 Years, Costing $14 Now Worth 4600 Times More

A Bitcoin wallet that received BTC in 2011 has transferred 8.54 BTC (approximately $539,000) to Kraken after being dormant for over 15 years. This wallet received these tokens when the price of BTC was around $14, and their current value has increased approximately 4600 times.

Completed $154.7 Million PIPE Financing, Investors Paid with 2380 BTC

A NASDAQ-listed company has completed $154.7 million in PIPE financing, with investors fully paying with 2380 Bitcoins (valued at $65,000 each based on the July 30 benchmark price). The financing issued 442 million PIPE units at a price of $0.35 per unit, each unit containing one share of Class A common stock and a two-year warrant with an exercise price of $0.35 per share. At the time of closing, 395.6 million units had been delivered, with the remaining 46.32 million units to be delivered after shareholder approval, without requiring additional consideration. The chairman stated that this financing will strengthen the financial foundation, accelerate AI capability expansion, and explore new business synergies leveraging investors' experience in the crypto market and Web3 infrastructure.

Searching for a New Buyer Seven Months After Acquisition

The co-founder stated on August 17 that the company is looking for a new operating team for the protocol, decentralized social application, and token launch platform, just seven months after acquiring the protocol. The remaining assets on the balance sheet will be returned, and the team will subsequently disband, with the protocol and application needing buyers to continue operations. He stated that while they were optimistic about the developer network of Farcaster at the time of acquisition earlier this year, many changes have occurred since, and the company is no longer suitable for the next phase of needs. On-chain data shows that protocol fees plummeted from $35.43 million in the first quarter to $4.67 million in the second quarter, with only $377,000 from July 1 to August 17; token buyback revenue fell from $3.98 million in the first quarter to $3,853 in the second quarter, and zero since the third quarter. The current trading price is $12.29, with a market cap of $12.12 million.

Foundation: $60 Million Plan to Buy Back Tokens from Early Investors Has Ended with Almost No Participation

The foundation recently completed a liquidity plan, under which it proposed to buy back locked tokens from specific early investors at a discounted price reflecting a four-year lock-up period, with a total buyback cap of $60 million. This plan aimed to provide orderly liquidity options for early investors whose liquidity needs or investment goals had changed and to support the long-term consistency of the remaining holder group. Almost all contacted holders declined to participate, and the plan has now ended. It should be clarified that the foundation has not sold, offered to sell, or sought to sell any tokens through over-the-counter transactions or other means, nor has it participated in any such processes. Any contrary statements are untrue.

Upgrade Roadmap Released, Focusing on Anti-Censorship, Privacy, and Scalability.

The Foundation Agreement Framework team members have announced that an upgrade is taking shape, with the core recommended plan including FOCIL as the main upgrade (enhancing censorship resistance) and Frame Transactions as the primary upgrade for the execution layer (improving transaction expression and user experience). The recommended upgrade package also includes Keyed Nonces (EIP-8250), Recent Roots for Frame Transactions (EIP-8272, enabling privacy pool self-payment without intermediaries), Transaction Assertions (EIP-7906), and a series of scaling efforts: unifying transaction content lower limits (EIP-8131), BAL byte lower limits (EIP-8279), CPSB recalibration (EIP-8368, pushing gas limits to 500-600 million), BAL Sidecars (EIP-8146), optional execution proofs (EIP-8025), and Quick Slots (EIP-8198, reducing from 12 seconds to 10 seconds).

Discloses Holding Approximately $990 Million in Bitcoin Spot ETF

A quantitative trading giant has disclosed in regulatory filings that it holds approximately $990 million in Bitcoin spot ETFs, equivalent to about 15,394 BTC at current prices, with $828 million allocated to iShares Bitcoin Trust. This position is achieved through ETFs rather than direct ownership of digital assets. Previously, it was disclosed on Monday that in July, AI hedge funds incurred losses of about $15 billion in the Asian stock market, marking the first monthly loss in nearly a decade. Nevertheless, net trading income for the year has exceeded $40 billion, surpassing last year's record of $39.6 billion.

Limits Market Brokers' Crypto Asset Holdings to No More Than 25% of Total Capital

A new draft regulation has been released, requiring brokers, trust institutions, forex traders, and crypto exchanges to include crypto asset holdings when calculating their own capital, with the proportion of crypto assets not exceeding 25% of total capital. Holdings must be registered with crypto custodians for national verification of their authenticity. This measure aims to assess credit and market risks, ensuring the financial resilience of intermediaries in crypto trading. The draft continues the process of legalizing crypto assets, providing investors with a reference for assessing the financial status of licensed institutions. Comprehensive crypto regulatory legislation has been approved, allowing qualified and unqualified investors to trade crypto assets, although the latter has an annual purchase limit of 300,000 rubles (approximately $3,800), and the use of crypto assets as a payment method remains prohibited domestically, while exporters and importers can use them without restrictions in cross-border settlements.

Largest On-Chain Short Position Increases to 2,000 BTC, Floating Profit of $1.79 Million

Traders have continued to increase short positions to 2,000 BTC ($125.37 million), with a floating profit of $1.79 million, making it the largest short position on-chain, with a liquidation price of $63,528.92.

Public Consultation on Hashrate Futures Contracts Planned for October

The U.S. Commodity Futures Trading Commission (CFTC) is seeking public input on hashrate futures contracts, with the White House Office of Management and Budget having received related requests. This move may affect the timeline for hashrate futures products planned by groups and the Intercontinental Exchange, which are still awaiting regulatory approval. The public consultation period typically lasts 30 or 60 days. Last week, it was announced that two hashrate futures contracts are planned for launch on October 5 (pending regulatory approval), with pricing benchmarks provided by a market intelligence firm, transforming hashrate into a tradable commodity similar to oil and electricity. Goldman Sachs and Bridgewater estimate that infrastructure spending will account for about 2% to 2.5% of U.S. GDP this year.

Supported Generative Art Platform Announces Shutdown

The generative art platform has officially announced that it has reached the end of its journey, with the website now offline, and it is unclear whether it will relaunch. The entire team was laid off in February, leaving only the founder, and there are currently no ongoing or future development plans, nor any attempts to repay company loans. The platform still supports browsing and trading of artworks, with front-end developers having built a framework to save artworks without relying on infrastructure. Previously, in August 2023, it was reported that the platform completed a $5 million seed round of financing, led by investors.

Whale Firmly Bearish on BTC Reduces Position and Faces Liquidation, Accumulated Loss of $1.56 Million

A whale that is firmly bearish on BTC actively reduced its position by 1,200 BTC, incurring a loss of $344,000, and was liquidated for 288 BTC, incurring a loss of $245,000, resulting in a substantial loss of over $1.567 million since opening the position on August 5. Just yesterday morning, it had a floating profit of $1.182 million but chose to increase its position instead of taking profits. It currently holds 512 BTC in short positions, with a floating loss of $338,000.

Crypto Asset Mortgage Loans Shrink by 16.8% in Q2, Market Steadily Deleveraging

According to a report, the scale of crypto asset mortgage loans decreased by 16.78% to $56.16 billion in Q2 2026, marking the third consecutive quarter of contraction, but the decline was steady (previous three quarters saw declines of 10%, 5%, and 17%), contrasting with the over 55% collapse in deleveraging in a single quarter in 2022. DeFi loans fell by 27.61% to $20.43 billion, while CeFi loans decreased by 9.62% to $22.98 billion, with CeFi loans exceeding DeFi for the first time since Q3 2023. In the CeFi market, it holds the largest share at 58.5%, with the top three (Tether, Maple, Nexo) accounting for a total of 74.96%. Regarding corporate debt, a $1.5 billion debt buyback was completed in May, reducing the debt of the digital asset treasury company to $16.1 billion. In the futures market, the open interest slightly decreased by 3.08% to $103.2 billion at the end of Q2, with Bitcoin down 6.24% to $45 billion and Ethereum down 26.31% to $21.99 billion, but rebounded in July to approximately $48 billion and $25.7 billion, respectively. It is believed that the market is deleveraging gradually rather than experiencing a forced liquidation collapse like in 2022.

Cumulative Sale of 9,665 BTC This Year, Approximately $732 Million

Continuing to sell BTC. In the first half of 2026, a cumulative sale of 9,665 BTC ($732.46 million) was made at an average price of $75,785.

AI Insights

Selected AI news worth paying attention to in the last 24 hours, helping you filter out the AI noise.

Many AI Influencers Stop Posting

Hot searches show that the topic "Many AI Influencers Stop Posting" has skyrocketed in readership, becoming the hottest event in the AI field today. AI content creators are facing dual pressures of monetization challenges and content homogenization, leading the industry into a reshuffling period.

Losing the Chinese Market Means U.S. AI Will Fail

A CEO publicly stated that "Losing the Chinese market means U.S. AI will fail," sparking widespread discussion. This statement comes at a critical time in the U.S.-China AI competition, highlighting the importance of the Chinese market to the global AI industry chain.

Launch of Code Hosting Platform Origin, Officially Challenging Competitors

Announced the launch of the native code hosting platform Origin, supporting repository management, PR review, merging, and CI connections, and synchronizing repositories, providing developers with a low-friction migration path. The platform is now open for beta testing to paid users.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.