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BitMEX co-founder Arthur Hayes stated that Bitcoin has been hovering around $80,000 for most of this week, which may cause Strategy's Bitcoin strategy to lose its operational basis. Strategy currently holds 840,447 Bitcoins and needs to pay approximately $1.5 billion in dividends for STRK and STRC each year.The enterprise value mNAV of digital asset treasury company Strategy is approximately 1.01 times, with the underlying mNAV and diluted mNAV being approximately 0.73 times and 0.74 times, respectively, as of August 27, which is close to the book value of its held Bitcoins. Arthur Hayes pointed out that Michael Saylor can choose to issue new shares, directly sell Bitcoins, or cut preferred stock dividends. The dividend yield for STRK is 8%, while the dividend yield for STRC is between 10% and 11.5%.

The core development team of Solana, Anza, announced that the Solana testnet has enabled the first phase of the SIMD-0437 proposal, and the account rent reduction mechanism has begun testing. This proposal includes a total of 5 functional gates, with only the first functional gate currently activated, and all adjustments have not yet been completed and deployed to the mainnet.Once all 5 phases are completed, the storage cost parameter lamports_per_byte for Solana will be reduced from 6960 to 696, resulting in an overall reduction of 90%. For example, in the case of token accounts, the deposit required to maintain an account in a rent-exempt state is expected to decrease from approximately $0.16 to $0.016, thereby lowering the costs of account creation and application deployment.

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital has transferred approximately $59.04 million worth of HYPE to Coinbase through 8 addresses in the past 30 days, with the latest transfer occurring 7 hours ago, amounting to 81,300 HYPE (approximately $6.69 million).

According to official news, Lido announced an adjustment to the EarnETH Vault fee structure, reducing the fixed management fee from the original 1% to 0.2%, while increasing the performance fee from 10% to 15%.In the future, the maximum fee will be 0.5% management fee + 20% performance fee, and the specific rates will be adjusted based on Vault performance. The current actual fees charged will continue to be displayed on the EarnETH Vault interface.

According to SolanaFloor, the Solana double deflation proposal reached quorum 27 hours before the voting ended, with a current participation rate of 33.84%, of which 25% voted in favor.If the proposal is approved, the Solana deflation rate will double to 30%, and it is expected to reduce the issuance of approximately 18.9 million SOL over six years, equivalent to about $1.47 billion at current prices.

The 21Shares report shows that Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which may significantly change the SOL holding economic model in the next two years.SIMD-550 proposes to increase Solana's annual inflation reduction rate from 15% to 30%, allowing it to reach a terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to about 2.25% within three years.SIMD-553 was approved and merged on July 20, and will introduce a destruction fee for compute unit requests, increasing the daily SOL burn amount from about 600-800 to about 7500-9000.The report believes that although the decline in staking income will directly affect the earnings of validators and stakers, a lower issuance combined with a higher burn rate may improve the long-term supply and demand structure of SOL, and could drive some capital towards the decentralized finance ecosystem on the Solana chain.

According to CoinDesk, Dallas Federal Reserve economists Rosie Levy and Srini Ramaswamy estimate that if depositors' sensitivity to interest rates increases by 10%, tokenized deposits could reduce U.S. banks' ability to bear long-term interest rate risk by about $700 billion; if tokenization leads to a 10% early outflow of deposits, banks would lose about $580 billion in risk absorption capacity.Tokenized deposits place commercial bank money on the blockchain, supporting programmable payments and real-time settlement, but smart contracts and AI agents could automate deposit transfers, weakening deposit stickiness. Banks can respond by raising deposit rates, increasing reserves and government bonds, or relying more on term debt, but this could drive up credit costs for consumers and businesses.Research from Brazil's instant payment network Pix shows that more frequent use of the system increases banks' holdings of liquid assets like government bonds while reducing credit intermediation. Currently, tokenized deposits are still in the early stages, with clearinghouses and U.S. banks such as Bank of America, Citibank, and Wells Fargo developing interoperable networks that support interbank clearing, automated workflows, and 24/7 settlement.

According to Onchain Lens monitoring, Wintermute (0xecb...2b00) has reduced its short exposure on Hyperliquid from $212 million to $80.48 million since the last update, still holding $80.48 million in short positions and $5.51 million in long positions.Its HYPE short exposure increased from $5.6 million to $10.2 million, with an unrealized loss of $568,800.

BitcoinTreasuries.NET posted on platform X that BritishHodl will participate in the Bitcoin Treasuries Conference held in New York on September 28, and facilitate BlackRock's reduction of the minimum amount for converting Bitcoin to IBIT from $50 million to $2 million.BitcoinTreasuries.NET stated that this is a resource brought by top independent Bitcoin media figures participating in the live custody discussion.

According to The Block, the Blockchain Association has submitted a letter of opinion regarding the stablecoin issuer rules proposed jointly by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting the Customer Identification Program (CIP) obligations to transactions where issuers directly face customers in the primary market, and it should not extend to peer-to-peer transfer activities in the secondary market.At the same time, the association calls on regulators to further clarify definitions such as "account," "customer," and "digital asset service provider," excluding one-time redemptions and other non-continuous businesses, and to avoid creating overlapping compliance burdens with anti-money laundering rules. The association stated that the implementation of the rules should balance stablecoin security, operability, and space for industry innovation.

According to on-chain analyst Yu Jin's monitoring, the address of Fish Pond Alliance Wang Chun reduced its holdings by 6,609 ETH (16.63 million USD) again 10 hours ago.Since this round of increase, it has cumulatively reduced its holdings by 23,378 ETH (55.06 million USD), with an average price of about 2,355 USD.

SemiAnalysis reported that the Nvidia Rubin Ultra will feature 192GB of HBM4 8-hi memory. This is not only a significant reduction from the initially previewed 1TB HBM but is even lower than the 288GB capacity of the standard Rubin.The reasons for the HBM configuration being cut down to about one-fifth of the original include: the cancellation of the four-die Rubin Ultra scheme, reducing the number of cubes to 8; the stacking height being lowered from 16-hi to 8-hi; and the use of HBM4 with 24Gb dies instead of HBM4E with 32Gb dies. An upgraded version with 8-hi HBM4E may be released later.

Przemysław Kral, the head of the Polish cryptocurrency exchange Zondacrypto, is reportedly facing criminal charges for involvement in a large-scale fraud and has begun cooperating with Polish prosecutors. According to Polish media Onet, Kral is seeking a reduced sentence in exchange for testimony, which may involve Zondacrypto's funding of right-wing political figures.Prosecutors estimate that Zondacrypto customers have lost at least 2.4 billion Polish złoty (approximately 650 million USD). Investigators claim that the exchange only used a portion of customer funds to purchase cryptocurrencies, while the remaining funds were transferred to private accounts controlled by Zondacrypto's management. Kral has remained silent on X since mid-April when he publicly disclosed that Zondacrypto could not access a cold wallet holding approximately 4,500 bitcoins. He denies misappropriating funds, stating that the private keys for the wallet were supposed to be handed over by Zonda's founder and former CEO Sylwester Suszek, who has been missing since 2022.Reports also state that Zondacrypto was a major sponsor of the Polish CPAC conference, which took place before the second round of the presidential election, ultimately won by Karol Nawrocki. The exchange spent 37 million złoty on advertising with the broadcasting station Telewizja Republika in the last year, while Kral's company also made payments to foundations associated with politicians Zbigniew Ziobro and Przemysław Wipler.

Metaplanet CEO Simon Gerovich stated that the core logic behind their bullish outlook on Bitcoin is that AI is significantly reducing the production costs of software, content, and analytics, and value will shift towards scarce assets that cannot be infinitely increased.The supply cap of 21 million Bitcoins is guaranteed by network rules, cannot be copied or diluted, and can be settled globally 24 hours a day. The long-term experience of Japanese households regarding changes in currency purchasing power has also reinforced this judgment.

Bitget today announced the schedule for the 2026 KCGI King Cup Global Invitational. This year's event has been fully upgraded, connecting three major tracks: crypto contracts, TradFi contracts, and stock spot rToken, with a total prize pool of 3,000,000 USDT.The event timeline is as follows:• Registration Phase: August 26, 00:00 -- September 26, 23:59 (UTC+8)• Early Bird Benefits: August 26, 00:00 -- August 30, 23:59 (UTC+8)• Join a Team: August 26, 00:00 -- September 9, 23:59 (UTC+8)• Delayed Team Formation Phase: September 9, 00:00 -- September 17, 23:59 (UTC+8)• Team Competition / Individual Competition: September 9, 00:00 -- September 22, 23:59 (UTC+8)• Reward Announcement and Honor Live Draw: To be held after the competition ends, specific time to be determined by official announcement.

According to DIGITIMES, the NB supply chain has reported that brand manufacturers are significantly returning to production in China, with "returning to China for production" becoming a new trend. Brands such as HP, ASUS, and Acer have recently noticeably reduced their originally planned capacity shifts to Southeast Asia, with production focus returning to Chongqing or Kunshan in China, and increasing orders to Chinese ODM or EMS manufacturers and the proportion of private label products. This involves production lines at Quanta, Inventec's Thailand factories, and Compal, Wistron’s Vietnam factories, which may be affected by customer transfers. Lenovo, Dell, and Apple, on the other hand, remain relatively unchanged.The supply chain indicates that after the U.S. equivalent tariffs were ruled unconstitutional by the Supreme Court, the impact of substitute tariffs is smaller, and the production costs for NB in Southeast Asia are on average $9 higher per unit than in China. The gross profit margin for brand manufacturers per unit of NB is mostly between 3% to 10%. Based on a low-priced model with an average price of about $300, the $9 difference is close to or even exceeds their profit, resulting in unprofitable shipments. Local Chinese governments are also demanding increased production due to reduced tax revenues, or they will reclaim past subsidies, creating a pull for returning production.Relevant ODM personnel stated that they will respect customer decisions, and if they cannot take on a single product, they will shift production locally to servers and other product lines such as networking. Lenovo is more cautious due to its diversified layout, with limited relocation; Dell has not significantly returned due to the high proportion of U.S. government orders; Apple targets the high-end market and promotes automation, with the main reason for relocating MacBook production from Shanghai being the pandemic-related supply chain disruptions, and its plans in Vietnam remain unchanged to date.

According to monitoring, "Maji" brother Huang Licheng has started to reduce his ETH long positions to take profits, with a slight reduction of about 1.02 million USD this time. The remaining ETH long positions are still valued at 68.77 million USD, with an opening price of 2,357 USD and a liquidation price of 2,189.8 USD, resulting in an unrealized profit of 1.59 million USD on the remaining positions.Maji also holds HYPE long positions, with a position value of about 20 million USD and an average entry price of 79.35 USD; he holds PUMP long positions, with a position value of about 11 million USD and an average entry price of 0.00524 USD.

The ECX plan will be launched in three phases. The Alpha phase is expected to go live near Bitcoin block height 963648, the Beta phase is scheduled for September 20 at block height 967680, and the permanent mainnet is planned to launch on October 31 at block height 973728. The project is driven by Paul Sztorc, founder and head of Layertwo Labs, and developer of Drivechains and BIP-300/301.ECX will replicate the transaction ledger of Bitcoin's designated snapshot and allocate ECX to the majority of Bitcoin holders on a 1:1 basis on the new network. Users who control their private keys through self-custody wallets at the time of the snapshot will directly receive the corresponding assets, while users of exchanges and other custodial institutions will need to wait for the relevant platforms to decide whether to support the fork and distribute ECX. The original BTC will not be exchanged, locked, or transferred. ECX plans to initially launch seven dedicated sidechains: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift. Of the approximately 1.1 million early Bitcoins associated with Satoshi Nakamoto, about 600,000 ECX will continue to be allocated to these addresses, and approximately 500,000 ECX will be converted through special transactions for early investors and development funds, but this will not affect the BTC on the Bitcoin network.

On August 23, the financial disclosure released by the U.S. Office of Government Ethics showed that Trump conducted over 1,000 securities transactions in June, with a total transaction amount ranging from $78.1 million to $263.1 million. Among them, cryptocurrency-related transactions involved Coinbase, Strategy, and Robinhood. Overall, the scale of cryptocurrency-related stock trading was relatively limited, accounting for a low proportion of his total securities transactions in June.Specifically, regarding Coinbase, Trump sold stocks worth $15,001 to $50,000, $100,001 to $250,000, and $1,001 to $15,000 on June 12, 18, and 23, respectively, and purchased stocks worth $50,001 to $100,000 on June 24; regarding Strategy, he sold stocks worth $1,001 to $15,000 and $15,001 to $50,000 on June 23 and 24, respectively; regarding Robinhood, he purchased stocks worth $1,001 to $15,000 on June 3.

The financial disclosures released by the U.S. Office of Government Ethics on Saturday show that Trump conducted over 1,000 securities transactions in June, with a total transaction amount ranging from $78.1 million to $263.1 million. Among them, crypto-related transactions involved Coinbase, Strategy, and Robinhood. Overall, the amount of crypto-related stock transactions was relatively limited, accounting for a low proportion of his total securities transactions in June.Coinbase: Sold Coinbase stocks worth $15,001 to $50,000, $100,001 to $250,000, and $1,001 to $15,000 on June 12, 18, and 23, respectively, and bought Coinbase stocks worth $50,001 to $100,000 on June 24;Strategy: Sold Strategy stocks worth $1,001 to $15,000 and $15,001 to $50,000 on June 23 and 24, respectively;Robinhood: Bought Robinhood stocks worth $1,001 to $15,000 on June 3.