neutral

According to CoinDesk, the National Sheriffs' Association (NSA) sent a letter to Senate leadership on Thursday, announcing a shift in its position on the Clarity Act from opposition to neutrality. Association President Troy Wellman and Executive Director Justin Smith stated in their letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer that, given the complexity of the bill and the significant details still under review, the most appropriate course of action is to take a step back and allow the legislative process to continue in order to establish a clear, effective, and urgently needed regulatory framework.Previously, the NSA had sent a letter to the Senate Banking Committee in May, warning that Section 604 of the bill would grant "blanket exemptions" to mixers, tumblers, and DeFi platforms from anti-money laundering rules, and stated that individuals might exploit evolving software, algorithms, and AI agents to transfer digital assets without tracking or accountability, engaging in activities such as money laundering, financing terrorism, and evading sanctions. A month after that letter was sent, the White House invited law enforcement organizations expressing concerns about the cryptocurrency market structure bill to meet and discuss how to address the bill's controversies regarding the prevention of illegal finance. Blockchain Association CEO Summer Mersinger also criticized the NSA's opposition stance in a July column, calling the bill "the most significant consumer protection measure in years."The NSA's shift to neutrality removes one of the most outspoken critics from the law enforcement community ahead of the September vote on the bill.

NVIDIA (NVDA.O) Chief Financial Officer stated that the company is a neutral partner for all sovereign AI clients and new AI cloud service providers.

According to CoinGlass data, the weighted funding rates for BTC positions and trading volume are 0.0097% and 0.0091%, respectively, both in the neutral range; the two weighted funding rates for ETH are 0.0111% and 0.0123%, both above the 0.01% benchmark rate, entering the bullish range.Although the spot price of ETH has dropped more significantly, the bullish sentiment in its contract market is still clearly stronger than that of BTC. Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between perpetual contract prices and the prices of underlying assets, serving as a mechanism for the exchange of funds between long and short traders. When the funding rate is 0.01%, it indicates the benchmark rate; above 0.01% represents a generally bullish market, while below 0.005% indicates a generally bearish market.

According to a Goldman Sachs report on August 20, CoreWeave's Q2 revenue met expectations, with an EBIT margin exceeding market consensus by 200 basis points, and the 2026 revenue guidance surpassing market expectations by 1%. Revenue backlog increased by 5% quarter-over-quarter to $104 billion, with over $25 billion in new committed orders since Q3. Active power installations rose from 1GW in Q1 to over 1.5GW, with contracted power installations reaching 4.2GW. Goldman Sachs raised the 12-month target price from $121 to $139, indicating a 53% upside from the current stock price, maintaining a neutral rating.Goldman Sachs believes that CoreWeave's short-term certainty is clear: demand continues to outpace supply, pricing for new and old GPU generations remains high, and capacity is expanding as expected. The new generation of chips (Blackwell, Vera Rubin) is continuously setting new price highs, and recent A100 contract deliveries have been extended to 2029. The proportion of enterprise customers is increasing (Caterpillar, IBM, Nissan, ZF), and AI computing power demand is spreading from tech giants to the real economy. Goldman Sachs expects EBITDA to grow from $3.1 billion in 2025 to $31.3 billion in 2028. The neutral rating reflects a wait-and-see approach until software and platform services become more certain contributors to profit margins before making a more positive judgment.

An article in Forbes states that U.S. Vice President JD Vance's previous views on the global reserve status of the dollar have sparked discussions about the long-term contradictions of the dollar system. The article argues that while the dollar, as a global reserve currency, brings financing advantages, it also creates the "Triffin Dilemma": a national currency struggles to simultaneously meet domestic economic needs and global reserve demands.The article points out that the dollar's reserve status drives global capital inflows into the U.S., enhancing the dollar's value, allowing American consumers to access cheap imported goods, but simultaneously weakening the competitiveness of U.S. manufacturing and exacerbating trade deficits. The author believes that after the end of the Bretton Woods system and the suspension of gold convertibility in 1971, the dollar system continued to operate through U.S. Treasury bonds and the global dollar market, but the core contradictions have not disappeared. Stablecoins, while able to expand the use of the dollar, still rely on U.S. government debt and cannot completely resolve the issue of reserve assets depending on a single country's liabilities.The article states that while gold has non-sovereign attributes, it faces limitations in transportation, verification, and settlement efficiency. Bitcoin, with its fixed supply, lack of need for state credit endorsement, global verifiability, and rapid digital settlement features, may become a new neutral reserve asset. The author suggests that in the future, the dollar can continue to serve as a global transaction and commercial currency, while Bitcoin may gradually take on more roles as a reserve asset, thereby alleviating the global monetary system's dependence on a single country's liabilities. However, the article also notes that Bitcoin currently faces issues such as price volatility, limited institutional adoption, and insufficient maturity of custodial systems. Gold has a financial history spanning hundreds of years, while Bitcoin has only existed for 17 years, and whether it can become a global reserve asset still requires time to verify.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 47, up 7 points from yesterday. The average over the past 7 days is 35, and the average over the past 30 days is 29.

Coinbase Institutional and Glassnode released the report "Charting Crypto Q3 2026," maintaining a neutral outlook on the crypto market.The report shows that on-chain data indicates Bitcoin may be transitioning from a correction phase to an accumulation phase, but the Fed's hawkish stance, weak spot ETF demand, and geopolitical risks continue to pressure the market outlook.

Citigroup has downgraded the rating of the South Korean stock market from overweight to tactical neutral, due to the severe fluctuations in chip stocks in recent weeks. The institution aims to reduce exposure to the AI theme. The Korea Composite Stock Price Index was one of the best-performing stock markets globally this year, benefiting from the AI trading boom, but has recently experienced significant volatility due to retail enthusiasm for single-stock leveraged ETFs and valuation concerns. Citigroup stated that almost all client discussions are now refocusing on the prospects of an expanded market performance in the second half of the year, but they remain cautious about a complete withdrawal from the technology sector in emerging market allocations.Citigroup maintains a structurally bullish outlook on the AI theme while upgrading its rating on China to overweight.

Founder of Strategy Michael Saylor published a post opposing the BIP 110 proposal that restricts the use of inscriptions and other data storage purposes. Bitcoin should adhere to neutrality, open markets, and permissionless innovation, and should not target specific uses through consensus rules.Saylor listed 110 reasons for opposition, emphasizing that Bitcoin should remain conservative at its core. Bitcoin does not need guardians of purity; it needs guardians of neutrality.

Bitcoin News posted on the X platform that Sen. Cynthia Lummis stated that Congress is working with the White House to formulate wording for a digital asset ethical framework that can "withstand the test of time," and indicated that lawmakers should not target Trump's cryptocurrency holdings.She mentioned that blind trusts are still under consideration and opposed allowing state attorneys general to sue federally elected officials over digital assets.

Strive's Vice President of Bitcoin Strategy Joe Burnett stated that there are currently three types of investment views on Bitcoin in the market: first, the bulls, who believe that Bitcoin's long-term annualized return rate is higher than the cost of financing, and therefore are willing to borrow long-term capital to increase their Bitcoin holdings; second, the neutral investors, who view Bitcoin as a "Digital Credit" asset, only needing to believe that Bitcoin will not disappear and can generally follow the growth of USD inflation over the long term to meet their return needs.For example, according to Michael Saylor, if Bitcoin grows at an average annual rate of 3.3%, it can sustainably rely on capital gains to pay current dividends; third, the bears, who can express their views by shorting Bitcoin or leveraging Bitcoin products. Burnett believes that as bulls, neutrals, and bears all have corresponding Bitcoin investment tools, more capital is expected to enter the Bitcoin market.

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

According to Jinshi News, Michelle, the head of global fixed income at JPMorgan, stated that the Federal Reserve has informed us that we have not yet reached a neutral interest rate.

According to Jinshi, Federal Reserve's Musalem stated that the Federal Reserve's policy appears to be at or below the long-term neutral level.

Hash Global founder Shen Kang (KK) tweeted that Web3, as a technology industry, should not have saviors and should not rely on heroic figures.He believes that Vitalik's line of thinking is correct; Ethereum should remain highly neutral and decentralized, just like Bitcoin, and the fewer people "manage" it, the better. Great and useful technology will grow naturally; if it needs to rely on specific individuals or groups to survive, then it is not worth existing.KK pointed out that Web3 entrepreneurs can easily be distracted by being close to the "casino," but this is a characteristic of the industry, and they should focus on leveraging technological features to create new business models. At the same time, it is normal for early participants to leave; Web3 will ultimately deeply integrate with other technologies like AI, rather than existing independently.

Bitget announced the launch of the Delta Neutral Mode in its unified account. This feature will apply a differentiated automatic deleveraging (ADL) sorting mechanism to eligible hedging positions when the account meets preset Delta neutral conditions, thereby reducing the likelihood of reasonable hedging strategies being forcibly deleveraged in extreme market environments.The Delta Neutral Mode supports users in combining spot, full-margin leverage, and full-margin contract trading within the unified account framework, with the system synchronously assessing directional exposure at the account and asset level. This feature is suitable for funding rate arbitrage, basis trading, multi-market hedging strategies, and quantitative neutral strategies, among others.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 50, up 1 point from yesterday. The average for the past 7 days is 44, and the average for the past 30 days is 34.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 49, up 1 point from yesterday. The average over the past 7 days is 45, and the average over the past 30 days is 33.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 48, up 11 points from yesterday. The average over the past 7 days is 43, and the average over the past 30 days is 32.