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Zhao Changpeng stated at the "Bitcoin Asia 2026" conference in Hong Kong that many countries have misconceptions about Bitcoin, viewing it as a dangerous asset. However, in fact, not using Bitcoin is more dangerous, just like not investing in AI technology is a real risk for a country today.When discussing strategic reserves, he mentioned that Bitcoin will definitely be more important than gold. Large countries will take time to make this shift, but this trend will certainly occur. He believes that the possibility of a digital currency emerging that is superior to Bitcoin and surpassing it, taking the lead before Bitcoin overtakes gold, is very small. In the future, Bitcoin will soon surpass gold; currently, the gap between the two is only about 10 times, which could be realized in the next bull market.Regarding reserve allocation recommendations, he stated that he usually advises countries to allocate the top five cryptocurrencies by market capitalization (excluding stablecoins) in addition to their dollar reserves, according to their market capitalization proportions. This is the simplest and most market-oriented approach. Typically, Bitcoin will account for over 50%, Ethereum will account for 10%-20%, and BNB and others will also be included.

The market is closely watching Federal Reserve Chairman Kevin Walsh's speech at the Jackson Hole annual meeting this Friday. As U.S. long-term Treasury yields continue to rise, the market generally expects Walsh to possibly release dovish signals to alleviate concerns about inflation and fiscal risks in the bond market.Mark Cabana, head of U.S. interest rate strategy at Bank of America, stated that the market has gradually lost sensitivity to Walsh's previous verbal statements about "fighting inflation," and investors currently hope to see a substantive policy path to address inflation. Meanwhile, Treasury Secretary Basant has recently increased the repurchase of long-term U.S. Treasuries and financed the government through the issuance of short-term bonds, indicating some divergence between the Treasury and the Federal Reserve in managing the bond market.The article points out that Basant's shift of financing pressure to the short end effectively bets U.S. fiscal costs on future interest rate declines. If Walsh can promote interest rate cuts by controlling inflation and boosting productivity, the short-term financing model is expected to reduce government interest expenses; however, if long-term rates remain high, U.S. fiscal pressure may further intensify.The market also anticipates that the Federal Reserve may make adjustments to liquidity management and balance sheet policies. Michael Cloherty, head of U.S. interest rate strategy at CIBC, believes that quantitative tightening could begin as early as the end of 2027, provided that regulatory rule changes can reduce banks' demand for reserves.Currently, the Federal Reserve still holds about $1.6 trillion in long-term U.S. Treasuries. Walsh's statements at Jackson Hole regarding long-term yields, inflation, and the path of balance sheet reduction may become an important signal for assessing the degree of future policy coordination between the Federal Reserve and the Treasury.

According to the SpaceX stock unlocking schedule, the first batch of shares for Gate Pre-IPOs project SpaceX (SPCX) will be unlocked on August 26 at 20:00 (UTC+8). The total amount of the first batch to be unlocked is 33,900 SPCX, with 20% of the shares being unlocked based on the actual holdings at the time of the user’s spot account snapshot, and the corresponding shares will be directly credited to the Gate stock account at a 1:1 ratio.Gate is the first platform in the industry to support Pre-IPO share unlocking and directly distribute listed company stocks to users. This unlocking includes SPCX that users previously acquired and held through Pre-IPOs, as well as SPCX purchased subsequently; SPCX that has been sold will not be included in this round of unlocking. Users need to check their SPCX holdings and open orders in advance to ensure that the SPCX used for this unlocking is in an available state.Gate will continue to provide users with an asset participation experience from Pre-IPOs subscription before listing, internal trading, to stock unlocking entering the U.S. stock market. This is the first 20% stock unlocking for SpaceX (SPCX), and the remaining portion will be processed according to the unlocking rules of the target company as soon as possible, subject to the official announcement from Gate.

According to CNBC, Nvidia (NVDA.O) is seeking to collaborate with companies to expand its business in the Nordic region.

The DeFi platform Solstice Finance has launched strcUSX on Solana, a structured product that allows DeFi users to earn dividend income and price risk exposure without tokenizing the STRC preferred stock of the Strategy.strcUSX splits the exposure into senior tokens and junior tokens, with the former targeting an annualized yield of 7% and the latter targeting an annualized yield of over 20%. If the price of STRC falls, junior token holders will bear the losses first. Users deposit Solstice's USX tokens into the treasury, which can be redeemed after a lock-up period of 7 days; if they exit immediately, a fee will be charged. Earnings are realized through changes in the token exchange rate and are not distributed in a separate allocation form.

According to on-chain data, Optimism has not conducted any buybacks after completing the second and third rounds of monthly community buybacks in March and April. In March, 367.905 ETH was used to buy back 6.951453 million OP, and in April, 50.16 ETH was used to buy back 0.925654 million OP. As of now, a total of 9.451924 million OP has been repurchased.

The State Taxation Administration of China responded to the recent discussions on taxing insurance income in Hong Kong, stating that Chinese tax residents are required to fulfill their tax obligations on global income according to the law, and that overseas insurance income also falls within the scope of taxable income. This is not a new policy and is not specifically aimed at the Hong Kong insurance market. The tax authority indicated that residents must declare and pay taxes on overseas insurance income and other investment income in accordance with the law, and the relevant rules treat overseas income from different countries and regions equally.Yesterday, Caixin reported that with the normalization of CRS information exchange, Chinese tax authorities can now fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. Currently, the taxation of insurance income from overseas sources has been initiated.

According to Jinshi reports, on August 3, U.S. officials cited Iranian and American officials saying that Iran and Oman are close to reaching an agreement regarding navigation in the Strait of Hormuz. According to the agreement discussed by both parties, vessels entering the Persian Gulf will navigate through a route close to the Iranian coast, while outgoing vessels will take a route near Oman. Vessels traveling back and forth will need to pay a "service fee," and the revenue will be shared equally between Iran and Oman. U.S. officials stated that the Iranian officials' statements are "inaccurate," and any "temporary" navigation routes in the Strait of Hormuz do not require Iranian approval.

According to Jinshi, U.S. President Trump stated that the first coordinated buying of yen by the U.S. and Japan is a "signal of friendship." U.S. Treasury Secretary Basant mentioned that the Trump administration would fulfill its commitments to trustworthy partners. However, observers believe that this move involves multiple U.S. interests, including supporting Japanese Prime Minister Kishi Sanae's approval ratings and hoping Japan will implement the $550 billion investment plan in the U.S.Basant also expressed concerns that Japanese policies could affect the U.S. Treasury market, as the yield on the 10-year U.S. Treasury bond reached a new high on the same day of the yen intervention.

According to Jinshi reports, the Japanese Ministry of Finance coordinated a yen buying intervention with the United States last Friday, with both parties jointly purchasing yen.

Bitcoin News posted on platform X that Strategy (MSTR) stated it may sell up to $5 billion in Bitcoin under its current capital plan. This amount is four times higher than what it initially planned to sell under the new capital management plan.CEO Phong Le stated that the potential proceeds from the sale could be used to increase its $1.25 billion reserve, support its annual dividend and interest obligations of approximately $1.76 billion, and fund up to $2 billion in stock buybacks. Michael Saylor mentioned that $5 billion is the upper limit based on the current plan, but the total amount could ultimately be higher.

According to monitoring by PeckShield, the cryptocurrency industry experienced 30 significant hacker attacks in July, with total losses reaching $210.3 million, a 177.2% increase compared to June's $75.87 million. The COLDCARD incident resulted in losses of approximately $70 million, making it the third-largest cryptocurrency theft case so far this year.The specific security incidents are as follows:COLDCARD: approximately $70 million;AFX Trade on the Arbitrum platform: approximately $24 million;Ostium: approximately $24 million;BONK: approximately $21.2 million;Wanchain: approximately $13 million;Triple-A: approximately $10 million;Bonzo Lend: approximately $9.05 million;Verus: approximately $7.5 million;WEMIX: approximately $6.25 million;Summer.fi: approximately $6 million.

The Hawkins County Commissioners in Tennessee, USA, passed a ban with 12 votes in favor and 0 votes against, prohibiting the establishment, construction, installation, expansion, and operation of cryptocurrency mining facilities and data centers in the county's unincorporated areas.The commission had previously passed a similar ban in September 2025 to prevent the digital asset company ExoticRidge from conducting mining operations locally, and in January confirmed its related authority through a resolution. ExoticRidge proposed a settlement with Hawkins County officials in January, allowing the company to build and operate facilities under noise restrictions. The proposed terms require that the A-weighted decibel noise at the property boundary must not exceed 80 decibels for more than 30 minutes within any 4-hour period.A law signed in Tennessee in April has stipulated that, starting July 1, the use and installation of cryptocurrency ATMs and kiosks will be illegal, with the restrictions aimed at incidents of residents transferring money to scammers using the devices.

Tesla's Bitcoin reserves remain unchanged at 11,509 BTC, continuing a status of not buying or selling the cryptocurrency for nearly four years, and accounting for a post-tax impairment loss of $112 million on its digital asset holdings.Bitcoin fell 14% in the second quarter from about $83,000 to $58,000, then rebounded to around $65,840. Tesla's revenue in the second quarter was $28.2 billion, exceeding expectations; adjusted earnings per share were $0.33, below expectations.

Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate the regulation of virtual assets, strengthen cooperation among the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a virtual asset committee composed of heads of Nigeria's main financial regulatory agencies, responsible for guiding relevant policies. The Nigerian tax authorities will update digital asset policies and provide more details on their impact on taxpayers.The President's Special Adviser Bayo Onanuga stated that the executive order does not establish new regulatory bodies nor transfer power between institutions; each agency retains its statutory responsibilities and independence, and registration requirements will be determined based on the nature of the activities and the assets involved. A report from the International Monetary Fund (IMF) in June indicated that since 2019, Nigeria has accounted for about 60% of the stablecoin inflows to sub-Saharan Africa; from July 2023 to June 2024, the country's cryptocurrency inflows are estimated to be around $59 billion.

The Ethereum Foundation Protocol Support team has been dissolved. This team was primarily responsible for coordinating the Ethereum protocol development process, including organizing and coordinating core developer meetings, tracking network upgrade progress, supporting EIP advancement, operating the Ethereum Protocol Fellowship (EPF) program, and providing educational, community, and infrastructure coordination support.This adjustment is part of the recent organizational restructuring of the Ethereum Foundation, which has seen multiple team and personnel changes recently.

George Gonçalves, the head of U.S. macro strategy at Mitsubishi UFJ Securities Americas, stated that Waller's concise style gives more weight to the June meeting minutes than usual, providing valuable insights into the differing positions among Federal Reserve officials."The minutes will become more important because so far, we don't know what the Fed is thinking," Gonçalves said. "Seeing how they debate and what they focus on will be very enlightening."He added that some investors have questioned Waller's "hands-off" approach, with many hoping for a return to greater transparency. Many market participants are not used to the reduction in information, and there remains a considerable degree of skepticism about how long the Fed can maintain this. For now, we can only interpret the meaning between the lines.