- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes 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 Rankings (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%
- Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- PEPEMOON
- LILPEPE
- WBONK
- TOYOTA
- 24-Hour Trending Cryptocurrencies
Brand names like Google and TOYOTA have recently been frequently brought onto the Solana chain, giving rise to a large number of meme tokens, sparking a "brand craze." However, these tokens are mostly speculative and unrelated to the official brands, so investment should be approached with caution.
Headlines
U.S. Treasury Secretary: Will Meet with 11 Candidates for Federal Reserve Chair
U.S. Treasury Secretary Bessent stated that he will meet with 11 candidates for the Federal Reserve Chair.
Wyoming Launches Frontier Stablecoin FRNT, Becomes the First U.S. State to Issue a Stablecoin
Crypto journalist Eleanor Terrett reported that Wyoming has launched the Frontier stablecoin (FRNT), backed by U.S. dollars and short-term government bonds, becoming the first U.S. state to issue a stablecoin. FRNT is currently live on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. Due to regulatory restrictions, the token is not yet open to the public. The Executive Director of the Wyoming Stable Token Committee stated that a detailed discussion on this matter will take place later today.
Tom Lee Cites Fundstrat Analyst's View: ETH May Retrace to $4075-$4150 Midweek
Tom Lee on X cited Mark Newton, Managing Director and Technical Analyst at Fundstrat (the research consulting firm founded by Tom Lee), regarding the prediction for ETH's price movement.
Mark Newton believes that ETH may retrace to $4075 - $4150 by midweek, to which Tom Lee responded: "A retracement is healthy."
Polymarket Predicts 71% Chance of Federal Reserve Cutting Rates by 25 Basis Points in September
Polymarket predicts a 71% chance of the Federal Reserve cutting rates by 25 basis points in September, with a 3% chance of a 50 basis point cut. The total amount in the prediction pool is currently $26.77 million.
Industry News
TRON to Integrate with MetaMask Wallet
TRON DAO has reached a strategic cooperation agreement with MetaMask, which will natively integrate TRON into its self-custody crypto wallet developed by Consensys. This integration will allow MetaMask users to interact directly with the TRON ecosystem through the wallet interface.
U.S. SEC Chair Paul Atkins stated on the X platform that he will participate in a fireside chat about Project Crypto at the SALT Wyoming Blockchain Conference.
SALT is a global investment platform connecting institutional asset owners with asset managers and tech entrepreneurs.
JPYC Yen Stablecoin to Launch on Ethereum, Avalanche, and Polygon
Yen stablecoin issuer JPYC announced that it has completed the registration of its fund transfer business operator and plans to deploy its yen stablecoin on the Ethereum, Avalanche, and Polygon networks. JPYC completed a Series A funding round of 500 million yen (approximately $4.43 million) in November 2021, led by Headline Asia with participation from Circle Ventures.
The ERC-8004 proposal, titled "Trustless Agents," has been released. This proposal is based on an agent-to-agent protocol (A2A) and aims to provide trust assurance for autonomous AI agents by establishing three registries (identity, reputation, verification) on-chain.
The goal of ERC-8004 is to enable unknown agents to interact securely based on Ethereum's immutable ledger, ensuring verifiable identities, traceable behaviors, and provable operations. The proposal suggests that Ethereum will become the "trust foundation" for the machine economy, with smart contracts serving as the means of communication between humans and AI, while AI agents collaborate through Ethereum's shared "immutable memory."
BTFS Community Releases BTIP-104 Proposal, May Introduce New Document Storage Renewal Feature
According to official news, BTFS, the distributed storage network under TRON, has officially launched the BTIP-104 proposal, which innovatively introduces automatic and manual renewal functions for document storage. The BTIP-104 proposal allows users to achieve automatic renewal through uploaded parameter settings or manually extend the document storage period using CLI commands, eliminating the need for repeated uploads. This upgrade will significantly enhance user experience, effectively reduce network bandwidth consumption, and provide reliable solutions for long-term document storage needs. The proposal is currently in the conceptual stage, and community members are invited to participate in discussions on GitHub to refine this important feature.
Google Increases Stake in Bitcoin Mining Company TeraWulf to 14%, Becoming Its Largest Shareholder
Google has increased its stake in Bitcoin mining company TeraWulf to 14%, becoming the company's largest shareholder. TeraWulf focuses on clean energy Bitcoin mining.
Japanese 3D printing construction company Lib Work 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. The company focuses on the research and application of 3D printing construction technology.
Project News
Robinhood Launches SUI Spot Trading
According to the official announcement, Robinhood has now launched SUI spot trading.
LazAI Testnet Officially Launched: Building a Verifiable On-Chain AI Economic Protocol
On August 19, Web 3 Native AI Infrastructure Protocol LazAI announced that its testnet is now fully open. The testnet aims to address three core issues in the AI field: data monopoly, lack of quality verification, and unfair profit distribution, through programmable data anchoring tokens (DAT), on-chain traceability, and transparent value flow technology.
The LazAI testnet aims to create, own, and profit from AI agents and data assets. It breaks down the closed data barriers of AI, ensuring that every output is trustworthy, allowing creators to achieve complete ownership and monetization of their contributions in an open on-chain AI economy.
Highlights of the testnet include: Alith development framework, data anchoring tokens (DAT), and out-of-the-box scalability; developers can now join the testnet to build verifiable AI applications.
Users can complete whitelist registration by August 20 to be among the first to mint the AI companion DAT asset Lazbubu and receive special rewards.
Boundless Announces Token Economic Model, Community Sale and Airdrop Allocation of 6%
Verifiable computing layer Boundless has officially announced the launch of the token ZK Coin (ZKC), with an initial supply of 1 billion tokens, distributed as follows.
49% for ecosystem growth allocation. Of this, 31% will be for the ecosystem fund held by the Boundless Foundation, with a quarter of this portion locked for 1 year, and the remaining three-quarters will be unlocked monthly over the next 24 months until the end of the third year.
Strategic growth fund allocation is 18%, used for corporate integration, business development, and institutional-level validator access. This portion of tokens will gradually unlock over 12 months.
Core team and early contributors allocation is 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. An additional 3.5% is allocated to RISC Zero, the company that initially incubated Boundless. The unlocking rules for this portion are consistent with those of the ecosystem fund.
Community token sales and airdrops will allocate approximately 6%, rewarding early contributors including validators and Kaito Yappers. Community sale tokens will unlock 50% at TGE, with the remaining 50% unlocking 6 months later. Airdrop tokens will unlock 100% at TGE.
Investor allocation is 21.5%, with unlocking rules consistent with those of the team.
The “AI Stablecoin” project USD.AI has officially announced its launch, allowing users to deposit USDC on the Arbitrum network to exchange for USDai, which can then be staked again for sUSDai. Deposit users will accumulate points, which will be used for future airdrops and public offering (FDV valuation of $300 million) quotas.
Previously, the stablecoin protocol USD.AI, which provides credit for AI, completed a $13 million Series A funding round led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum, and others.
The chain game Pirate Nation announced that it will stop fully on-chain operations within the next 30 days, including the Pirate Nation game itself and the Apex and Boss chains. The project team stated that maintaining two chains is no longer economically viable, and some core content of the subsequent game will be preserved through the Proof of Play Arcade on Abstract, with support for gradual migration to other blockchains. Regarding Founder's Pirates, the official will conduct a final PIRATE token distribution, after which it will transition to a community identity NFT and will no longer support token claims.
Tether has appointed former White House Crypto Council executive Bo Hines as its digital asset strategic advisor.
Regulatory Trends
A Spanish DeFi investor has been required by tax authorities to pay approximately $10.5 million in tax supplements for using crypto assets as collateral for loans. The Spanish tax agency classified this action as capital gains, even though the investor did not sell assets or realize profits.
Reports indicate that the investor had previously declared all cryptocurrency transactions and paid $5.84 million in taxes, but three years later, the tax authorities taxed the behavior of using DeFi protocols to collateralize assets for loans. Tax advisors stated that this interpretation lacks economic and legal basis and contradicts the definitions of capital gains in Spanish and EU law.
The Spanish tax agency views stablecoin loans and the transfer of tokens to DeFi protocols (such as Beefy or Tarot) as taxable events, which has sparked controversy. According to Article 33 of the Spanish Personal Income Tax Law, capital gains must reflect actual economic benefits and changes in net assets.
According to Hong Kong's Sing Tao Daily, Round Coin Technology Group, a subsidiary of Round Coin Technology planning to issue stablecoins in Hong Kong, has partnered with HashKey Group, Beosin, and SlowMist to jointly establish the Digital Asset Anti-Money Laundering Professional 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, responding to the Hong Kong Monetary Authority's "Anti-Money Laundering and Counter-Terrorist Financing Guidelines," and plans to release two technical reports on stablecoin anti-money laundering, with a seminar scheduled for the end of the month.
Illinois Passes Two Crypto Regulatory Bills Covering Exchanges and Crypto ATMs
Illinois Governor JB Pritzker has signed the "Digital Assets and Consumer Protection Act" (SB 1797) and the "Digital Asset Self-Service Terminal Act" (SB 2319). The former authorizes the state’s financial and professional regulatory departments to oversee digital asset exchanges and related businesses, requiring them to maintain sufficient financial resources and implement cybersecurity measures; the latter regulates cryptocurrency ATMs, requiring operators to register, provide full refunds to scam victims, limit transaction fees to no more than 18%, and restrict new users to a daily transaction limit of $2,500.
South Korea's FSC Requests Suspension of Crypto Lending Services, Developing Regulatory Guidelines
The Financial Services Commission (FSC) of South Korea has requested local cryptocurrency exchanges to suspend lending services until formal regulatory guidelines are established. The FSC stated that such services are currently in a legal gray area, posing risks of user losses. Existing contracts will allow for normal repayments or extensions, and platforms that do not comply with administrative guidelines will face on-site inspections. The FSC stated it will expedite the development of 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 trading protocol Valantis has announced the acquisition of Hyperliquid's second-largest liquid staking platform, StakedHYPE, with the specific transaction amount undisclosed. The operation and development of StakedHYPE will be transferred to Valantis Labs, and its founder Addison Spiegel will serve as an advisor to Valantis.
StakedHYPE has a total locked value (TVL) exceeding $200 million, second only to Kinetiq, and is an important part of the Hyperliquid ecosystem. Previously, Valantis launched a dedicated trading platform for stHYPE and kHYPE, with a combined TVL of approximately $70 million and a total trading volume exceeding $500 million.
Bitcoin treasury company KindlyMD (NASDAQ: KDLY) announced the completion of a $200 million convertible note issuance, with funds intended to increase BTC holdings. On August 15 of this year, KindlyMD completed a merger with Nakamoto Holdings and operates under the KindlyMD name. BTC Inc. co-founder David Bailey has been appointed as CEO, and Anchorage Digital will provide Bitcoin custody and trading services for the company. Previously, KindlyMD raised $540 million through PIPE.
Green Minting Technologies, a renewable energy developer based in Delaware, USA, announced a $150 million investment agreement with GEM Digital to build a 600 MW off-grid renewable energy Bitcoin mining and AI data center project.
Mint plans to conduct an initial exchange offering (IEO) through its MINT token, aiming to raise $400 million. CEO Alex Wey stated that the MINT token will help individual users enjoy large-scale renewable energy mining and computing services at low costs, redistributing the Bitcoin mining ecosystem. The project will also allocate some resources to develop high-level data centers supporting AI tools.
o1.exchange Completes $4.2 Million Financing, Coinbase Ventures and AllianceDAO Co-Lead
According to official news, o1.exchange announced the completion of $4.2 million in financing, co-led by Coinbase Ventures and AllianceDAO.
It is reported that o1.exchange is building the first comprehensive trading terminal designed specifically for the Base chain and is simultaneously launching a cash rebate incentive program aimed at enhancing user trading experience and platform liquidity.
Blockchain data intelligence platform LYS Labs has completed a total of $4 million in financing, including $2 million in angel round and $2 million in seed round. Investors include Alchemy Ventures, Delphi, and other institutional investors, as well as individual investors from projects like 0 G Labs and Ocean Protocol.
Voices
BitMine Chairman Tom Lee posted on the X platform that in discussions with institutional investors, most expect Federal Reserve Chairman Jerome Powell to maintain a hawkish stance at the Jackson Hole annual meeting to avoid being forced into early rate cuts. However, since the market has already set hawkish expectations as the baseline, his statements are more likely to be interpreted as dovish, which could drive a rebound in U.S. stocks after his speech on Friday.
ODIN•FUN Founder: Part of the Hacked Funds Frozen, Audit Repair in Progress
ODIN•FUN founder Bob Bodily provided an update stating that part of the relevant funds in CEX and tokens have been frozen, and they are cooperating with authorities to track down those involved and attempt to recover assets. The platform is nearing completion of the audit repair, and a public report will be released after the auditors review it, ensuring that user funds are fully covered 1:1 before trading resumes. The team is also cleaning up the impact caused by the attackers, removing abnormal transactions while retaining legitimate user transactions. Bob stated that the resumption of trading requires confirmation of funds, completion of the audit, and cleanup of the platform, with no specific timeline yet, but progress is good. He also thanked the community for their support during the incident.
BitMine: Large Short Positions in ETH Represent Potential Future Purchasing Power
Ethereum treasury company BitMine stated that the large short positions currently in the market for ETH can be seen as potential future purchasing power.
Blueport Interactive Founder: Has Been Bottom-Fishing ETH for Three Consecutive Days
Blueport Interactive founder Wang Feng posted that he has been bottom-fishing Ethereum for three consecutive days. He previously pointed out that he was bullish on Tesla last year, and now he recommends buying Ethereum. He believes that Trump's new crypto policy, the release of market liquidity, Bitcoin being viewed as digital gold, and traditional funds embracing the programmability of crypto assets all contribute to Ethereum's advantage in the "consensus first" track, which is the core of the market competition.
Bankless co-founder David Hoffman posted on the X platform that the Cap protocol allows users to deposit USDC and receive cUSD, while borrowers can obtain unsecured USDC credit lines. Borrowers are underwritten by EigenLayer re-stakers, and if a borrower defaults, the re-stakers repay the funds. This protects cUSD holders, and re-stakers can also earn a share of the profits.
Nate Geraci: The Rise of Digital Asset Treasury Companies Mainly Comes from Regulatory Arbitrage
ETF Store President Nate Geraci posted on social media that the prosperity of Digital Asset Treasury companies (DATs) is mainly attributed to regulatory arbitrage. However, as regulatory barriers gradually weaken and the pace accelerates, the market's demand and interest in DATs will also diminish.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
