nb

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 Coinglass data, the Coinbase Bitcoin premium index has reappeared with a positive signal for the first time since May 19, reporting 0.0052%, ending a historical longest negative premium period of 97 consecutive days until August 23. Although these positive values are still relatively sporadic, they indicate that selling pressure from institutions has eased, undoubtedly helping the market continue to push upward, with the next step waiting for institutions to truly return and generate substantial demand.The previous longest record of negative premium was 40 consecutive days from January 16 to February 24 this year, and the second longest was about 30 days of continuous negative premium during last year's "1011 crash." The Coinbase Bitcoin premium index is used to measure the price difference between Coinbase Pro and Binance for Bitcoin. A sustained negative index typically means that Coinbase's quotes are relatively low, reflecting weak buying in the U.S. market or significant selling pressure, but it is not advisable to directly conclude that institutional funds are flowing out based solely on this indicator.

According to Forbes, thanks to early investments in tech companies like OpenAI and SpaceX, potential buyer of the NBA's Los Angeles Lakers, Josh Kushner, has seen his wealth grow nearly threefold this year, and the assets of his firm Thrive Capital have also nearly doubled due to bets on the artificial intelligence wave. As the founder of Thrive Capital, Josh Kushner previously earned substantial returns by investing in companies such as Instagram, Spotify, and OpenAI, and has become one of Silicon Valley's most successful venture capitalists in recent years.In recent months, Josh Kushner has frequently appeared at core events in the tech and capital circles. As the investment frenzy in artificial intelligence continues, venture capital firms that own core AI assets like OpenAI and SpaceX are becoming one of the biggest beneficiaries.It is reported that Josh Kushner is currently preparing to acquire the Los Angeles Lakers with former Disney CEO Bob Iger, with the deal valued at $1.25 billion. If completed, it will become one of the most notable capital operations in the history of professional sports in North America.

The metaverse gaming platform The Sandbox confirmed that there is a vulnerability in its cross-chain bridge, allowing attackers to mint uncollateralized SAND on Base and BNB Smart Chain. Blockchain security company PeckShield discovered on August 21 that two addresses had collectively minted approximately 1.49 billion SAND, prompting The Sandbox to shut down the bridging functions for both networks.The Sandbox stated that the affected assets are those bridged on Base and BNB Smart Chain, while SAND on Ethereum and Polygon, user wallet assets, and Ethereum locked assets used to support the tokens remain unaffected. The incident involved a proportion of real collateralized assets that is less than 0.01% of the total supply of SAND. The Sandbox is formulating a compensation plan for the affected liquidity providers and advises users not to trade SAND on Base or BNB Smart Chain until the bridging function is restored.Coinbase plans to delist 10 perpetual futures contracts, including SAND, on August 26, at which time any open positions will be automatically settled.

According to CoinGlass data, the Coinbase Bitcoin premium index has been in a negative premium range for 97 consecutive days from May 19 to August 23, with the latest report at -0.0266%, setting a new record for the longest continuous negative premium since the index was launched.The previous longest record was 40 consecutive days from January 16 to February 24 this year, which also exceeded the approximately 30 days of continuous negative premium during last year's "1011 crash." The Coinbase Bitcoin premium index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically indicates that Coinbase's quotes are relatively low, reflecting weak buying in the U.S. market or significant selling pressure, but it should not be solely relied upon to directly conclude that institutional funds are flowing out.

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.

According to GMGN data, on August 22, the meme trading volume of the three chains Solana, BNB, and Robinhood exceeded $310 million; among them, the Solana chain exceeded $159 million, the BNB chain exceeded $83 million, and the Robinhood chain exceeded $68 million, accounting for 51.2%, 26.8%, and 22.0% respectively. The top three meme projects by trading volume are CATE, CASHCAT, and Niu Lai. The daily week-on-week growth rate of meme trading volume across the three chains is -13.0%, with the highest growth rate being on the BNB chain, which has a daily week-on-week growth rate of 10.8%.

According to Onchain Lens monitoring, Wintermute transferred 129,500 SOL to Binance, worth approximately $12.42 million; at the same time, 169.5 BTC was transferred, worth approximately $13.11 million, suspected to be for sale. Additionally, 407.47 BTC was transferred through an intermediary wallet and then moved to Coinbase, worth approximately $31.36 million.

According to Bloomberg, 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 value ranging from $78.1 million to $263.1 million, including purchases of stocks from companies such as Berkshire Hathaway, Visa, Mastercard, and Cintas. The largest transaction was the sale of an ETF from Vanguard worth between $5 million and $25 million on June 22.Trump also purchased Palantir stock valued between $1,001 and $15,000 on June 3, and subsequently sold positions worth between $15,001 and $50,000 and between $500,000 and $1 million on June 16 and 18, respectively, and bought again on June 23 and 24. Other transaction targets included Coinbase, Meta, and Home Depot. The disclosures indicate that Trump conducted over 21,000 securities transactions in 2025, with a total value ranging from $600 million to $1.86 billion. The White House stated that the related investments are managed by an independent entity, and there are no conflicts of interest; Trump's son Eric stated that these assets have been placed in a blind trust.

According to Onchain Lens monitoring, a certain whale previously bought 198,300 LINK from Cumberland, worth 2.3 million dollars, and has now transferred it to Coinbase, possibly for sale.

According to Bitcoin.com, Grayscale's research director Zach Pandl pointed out in an analysis report that if the SEC's proposed new regulations on crypto asset financing (Regulation Crypto Assets) are ultimately implemented, Ethereum, Solana, and BNB Chain may become the main beneficiaries.The proposal establishes two exemption paths: projects raising less than $5 million can be exempt from registration for four years, and projects raising less than $75 million can be exempt from registration for one year, with a conditional safe harbor designed to provide a clear domestic compliance path for crypto asset issuance and reduce the motivation for issuers to operate overseas. Pandl noted that tokenized financing has previously been hindered by regulatory ambiguity, and if the new regulations stimulate issuance activities, it will bring more U.S. issuers and investors on-chain, driving value back to underlying networks and native tokens such as ETH, SOL, and BNB. The proposal is still in the public comment phase, and the final rules may be adjusted based on public feedback and SEC review; increased network activity does not guarantee a rise in token prices.

In the second quarter, the trading revenue of three listed cryptocurrency exchanges, Coinbase, Bullish, and Gemini, decreased sequentially. The gap between trading revenue and non-trading revenue for the three platforms narrowed, with Coinbase's difference dropping from approximately $132 million to $44 million within a year.Coinbase expanded its product offerings in stablecoins and prediction markets, with the average USDC holdings in the third quarter increasing by 44% year-on-year to $20 billion. Gemini increased the number of market makers in the prediction market to three times that of the beginning of the year.Bullish launched a new rewards program to support trading operations, with adjusted trading revenue in the second quarter decreasing by 21% sequentially to $29.9 million, but increasing by 24% year-on-year. Gemini's trading volume decreased by 66% year-on-year to $3.8 billion, with a 38% decline in trading revenue.

According to Onchain Lens monitoring, two wallets (possibly related to the same whale) withdrew 750,400 HYPE tokens (approximately 6.04 million USD) from Coinbase.

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE to Coinbase in the past 9 hours, worth approximately $14.54 million, suspected to be for sale.

According to CoinDesk, Coinbase CEO Brian Armstrong stated that the U.S. "Digital Asset Market Structure Clarification Act" (CLARITY Act) is expected to receive over 60 votes of support in the U.S. Senate on September 15 and is confident about passing the first key procedural vote after returning to Congress.Brian Armstrong previously mentioned that the CLARITY Act has entered its final advancement stage, and the Senate procedural vote requires 60 votes of support to push the bill forward. The bill aims to establish a regulatory framework for digital assets in the U.S., clarifying the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the regulation of crypto assets. Armstrong believes that the clarification of U.S. crypto industry regulation is approaching, and whether the CLARITY Act ultimately passes or regulatory agencies advance through administrative rules, the market will welcome a clearer regulatory environment.Previously, U.S. President Trump also called on Congress to push the CLARITY Act through, believing that the bill is significant for establishing a regulatory system for digital assets and enhancing the competitiveness of the U.S. crypto industry. reuters.com However, the bill still faces controversy from some lawmakers regarding issues such as conflicts of interest and stablecoin regulation, and whether it can ultimately be successfully implemented still depends on subsequent negotiations in the Senate.

The cross-chain yield protocol BounceBit has released a security incident announcement stating that its blockchain network experienced a protocol-level vulnerability attack from August 19, 21:02 UTC to August 20, 01:54 UTC. The attacker exploited an authorization flaw in the underlying architecture of Evmos to transfer BB tokens from 9 mainnet accounts without the account owners' authorization. According to the announcement, the attacker transferred approximately 286.5 million BB through 14 transactions.The impact of the incident is limited to the BounceBit Chain itself and does not involve issues related to private key leakage, signature forgery, wallet, hardware device, or exchange account security. BounceBit's CeDeFi Strategy, Promo Vaults, Prime, and RWA products were not affected.BounceBit stated that the vulnerability originated from a defect in the authorization verification of the protocol's native module within the Evmos architecture. The attacker bypassed the security checks that were supposed to verify the authorization relationship of the funding source account when calling the relevant module through a smart contract, allowing them to designate any account as the source of funds.After the incident, the BounceBit Chain stopped block production at block height 20,702,857. The team then decided not to upgrade the chain but to permanently shut down the BounceBit Chain and reissue BB as a BEP-20 token based on the BNB Chain. BounceBit stated that the new BB token supply will be based on an on-chain snapshot taken before the first abnormal transfer (block height 20,697,260), and the 286,543,148 BB transferred by the attacker will not be included in the new token balance.Users do not need to submit applications or migrate wallets; the official plan is to automatically distribute the new BB to the corresponding BNB Chain addresses. For staked BB, BounceBit stated that it will be restored at the snapshot time, and holders do not need to perform unbinding or redemption operations. Currently, BounceBit has submitted requests for freezing and assistance to relevant exchanges and has reminded users to be vigilant against scams and not to click on any BB migration or claim links that have not been officially confirmed. The team stated that they will announce the new BEP-20 BB contract address and reissuance progress in the future.

According to Onchain Lens monitoring, the MSBT Bitcoin ETF address (bc1q2gzj...tqfpef) under Morgan Stanley withdrew 146.15 bitcoins from Coinbase Prime, worth approximately 11 million dollars.

The Coinbase Bitcoin Premium Index's negative premium has narrowed to -0.0221%, but it remains in a negative premium state. Data shows that from May 19 to August 21, this indicator has been in the negative premium range for 95 consecutive days, setting a record for the longest continuous negative premium since the indicator was launched. The previous longest record was 40 consecutive days from January 16 to February 24 of this year, which also exceeded the approximately 30 days of continuous negative premium during last year's "1011 crash."The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A continuous negative index usually indicates that Coinbase's quotes are relatively low, reflecting weak buying in the U.S. market or significant selling pressure, but it is not advisable to directly conclude that institutional funds are flowing out based solely on this indicator.