try

Grayscale's research director Zach Pandl stated that investors are generally advised against trying to time the market, but from the perspectives of structural adoption trends, market cycles, and macro risks, the current Bitcoin price may provide a favorable entry point for long-term investors. Grayscale believes that the continued growth of government debt, the expansion of blockchain technology applications in the financial services sector, and intergenerational changes in portfolio construction indicate that the long-term adoption trend of Bitcoin remains solid.Currently, this round of Bitcoin bear market has lasted about 10 months, while previous bear markets typically lasted 11 to 12 months, suggesting that the market may have entered the later stages of the bear market. The macro environment remains the main source of uncertainty. If the Federal Reserve raises interest rates in the near future, Bitcoin may decline further; if there are no rate hikes, the market may have already reached its bottom. Grayscale stated that structural adoption, cyclical positioning, and the overall macro outlook are currently relatively favorable, but future performance remains uncertain.

According to CoinDesk, the Crypto Innovation Council (CCI) and the Blockchain Association recently filed a civil lawsuit in Sangamon County, Illinois, officially joining the legal challenge against the state's digital asset tax policy. This move follows a lawsuit initiated by the Digital Chamber last month, marking a further escalation of the industry's coalition against the measures.The plaintiffs accuse the state’s new tax law of violating the U.S. Constitution, the Illinois Constitution, and the Internet Tax Freedom Act. The controversy stems from the tax law's stipulation that any entity conducting business or providing services to residents in the state with an annual income exceeding $100,000 must pay a 0.2% tax on digital asset transactions or storage. Although lawmakers expect this measure to raise $6 million annually for the state budget, the plaintiffs argue that the lack of corresponding taxes on traditional assets constitutes a 'unique punitive treatment' of digital assets, allegedly resulting in unfair resource allocation through the tax code.

The State Council Information Office held a series of themed press conferences titled "Starting Off the 14th Five-Year Plan." Officials from the Ministry of Finance introduced the role of this year's proactive fiscal policy and outlined the key focus areas for policy efforts in the second half of the year.Vice Minister of Finance Liao Min stated that since the beginning of this year, the Ministry of Finance has firmly implemented a more proactive fiscal policy:This year's fiscal expenditure budget arrangement has exceeded 30 trillion yuan for the first time.The scale of new government bonds has reached 11.89 trillion yuan, the largest in history.Central government transfers to local governments have exceeded 10 trillion yuan for the fourth consecutive year, reaching 10.42 trillion yuan.In the second half of the year, fiscal policy will continue to focus on three areas for effective results: accelerating the use of funds, increasing efforts to expand domestic demand, and strengthening fiscal reform management.Regarding incremental policies, in the second half of the year, based on the macroeconomic operation situation, the Ministry of Finance will timely plan and introduce practical and effective incremental policies to provide strong support for achieving a qualitative improvement and reasonable growth in the economy.

Binance founder CZ stated that he supports tokenization across all blockchains. He pointed out that although this will bring about the issue of "fragmented liquidity," it is the fastest way to drive the industry's development and can be promoted collaboratively by multiple parties.

According to Bloomberg, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated on Thursday that even if Congress fails to pass landmark related legislation, the cryptocurrency industry will ultimately welcome market structure regulatory rules.In an interview with Bloomberg Television before the CFTC's first Innovation Committee meeting, Selig said, "Establishing market structure is very important. We can achieve this through regulatory rules or through legislation."The CFTC is weighing a range of potential cryptocurrency rules but is currently awaiting progress on the Clarity Act, which would grant the CFTC primary authority to regulate the digital asset industry. The bill is currently stalled in the Senate, which plans to hold a procedural vote on the legislation in mid-September, but significant controversies remain, which may make it difficult for the bill to secure enough votes before lawmakers turn their attention to the November midterm elections.Selig added that legislation is the most reliable way to lock in the cryptocurrency market structure, but the agency also has considerable authority under existing regulations, and if necessary, the agency will exercise that authority to create rules without legislative support.

The decentralized AI infrastructure DeAgentAI has announced that its brand new official website is now live. Along with the website, the AI Agent hosting platform has been launched, dedicated to providing long-term underlying support for the construction, deployment, and permanent hosting of agents. As the first demonstration application of this platform, Sentry has also been launched, capable of achieving round-the-clock strategy monitoring, covering all 308 targets on Hyperliquid (including cryptocurrencies, stocks, and commodities), and relying on underlying trusted infrastructure to convert market insights into objective, emotion-free automated strategy execution.DeAgentAI stated that Sentry is just the first step in the platform's implementation, and more vertical scenario AI Agents will continue to be built and hosted on this platform. Meanwhile, with the comprehensive rollout of the AI Agent platform, Sentry, and enterprise solutions, DeAgentAI has officially launched a programmatic normalization buyback and destruction mechanism for $AIA based on real protocol revenue, promoting token deflation and value capture through actual business growth, continuously feeding back the long-term value of $AIA.

At the 2026 Wyoming Blockchain Conference, Global Settlement Network CEO Ryan Kirkley warned that AI agents could allow hackers to invade Wi-Fi networks, passwords, and wallets on an unprecedented scale, making current billion-dollar crypto attacks seem trivial. Kirkley stated, "We thought these bridge attacks were serious, but they are actually just pocket change." In the past, attacking someone with $20,000 in assets was too costly, but now an agent can attack everyone simultaneously.Bill Laboon, Vice President of Technical Operations at the Web3 Foundation, agreed, believing that the efficiency gains brought by decentralized systems also benefit attackers. Fahmi Syed, President of the Midnight Foundation, emphasized that agents need clear parameter settings and should not be granted unrestricted access to credit card, social security information, and various accounts. Kirkley believes that setting agent permissions is relatively easy to resolve, while the security protection of the underlying systems is a greater concern.Regarding trust issues, Laboon pointed out that large language models still occasionally produce hallucinations, which makes him reluctant to entrust personal retirement funds to agents. Richard Shorten, founder of Silvermine Capital Advisors, believes that the development speed of agent AI technology has exceeded people's capacity to accept it. Kirkley also mentioned the regulatory responsibility dilemma, where the attribution of responsibility and the mechanism for recovering funds remain unclear when autonomous agents make mistakes or even break the law.

On August 20, CZ retweeted his views on Hyperliquid's introduction to the United States and stated that many people overlook the bigger picture. Policies cannot apply only to a single company or project; a favorable policy benefits the entire industry.Previously, CZ commented on "the Trump administration potentially introducing Hyperliquid to the United States in a compliant and legal manner," stating that this would open up more Perp DEX and decentralized services to U.S. users, which would be a significant boon for the entire industry.

Crypto journalist Eleanor Terrett stated that the head of the Office of the Comptroller of the Currency (OCC) mentioned at the SALT Conference in Wyoming that the approval activities related to digital assets have increased eightfold compared to the Biden administration, and described the previous administration's attempt to "eliminate risk" as "extremely shortsighted."She noted that the OCC expects to finalize the rules related to the GENIUS Act by November and will adjust the rules based on feedback from the crypto industry.

Vietnam is accelerating the promotion of a regulated cryptocurrency trading market pilot to alleviate the scrutiny pressure from the Financial Action Task Force (FATF) on its anti-money laundering mechanisms. Vietnam has been on the FATF "grey list" since June 2023, and the long-ignored regulatory cryptocurrency industry is seen as one of the major risk points.According to a five-year pilot program led by the Vietnamese Ministry of Finance, the exchange license requires a minimum paid-in registered capital of 100 trillion Vietnamese dong, approximately 380 million USD, with a foreign ownership limit of 49%, and trading can only be priced in Vietnamese dong. Currently, five applicants, including Techcombank, VPBank, LPBank affiliates, VIX Securities, and Sun Group, have passed the preliminary review, and the first official trading activities in the Vietnamese cryptocurrency market are expected to emerge as early as the third quarter. The Vietnamese Ministry of Finance is also drafting relevant rules to prohibit Vietnamese citizens from trading on overseas cryptocurrency platforms.

According to Xinhua News Agency, the U.S. has sent a letter to the signatories of the "Joint Statement on the Opportunities of Artificial Intelligence Partnership," requesting that all parties refrain from simultaneously joining U.S.-related initiatives and other mechanisms that conflict with U.S. initiatives. Foreign Ministry spokesperson Lin Jian stated at a regular press conference on the 19th that countries have the right to choose their partners based on their own national conditions and development needs. China firmly opposes taking sides and creating confrontations on artificial intelligence issues, and hopes that all parties will abandon zero-sum thinking, adhere to mutual cooperation, respect the digital sovereignty of all countries, and work together to build a fair and reasonable global governance system for artificial intelligence, making artificial intelligence an important driving force for promoting common prosperity and maintaining common security.

At the opening ceremony of the 2026 World Robot Conference, Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, stated that in 2025, the operating income of enterprises above designated size in the robotics industry exceeded 300 billion yuan, with an average annual growth rate of over 20% in the past five years. In the first half of this year, it reached 165.5 billion yuan, a year-on-year increase of 24.5%. Robot technology and products have been widely applied in various aspects of the national economy and social development, becoming an important force in promoting high-quality development.The Ministry of Industry and Information Technology will focus on key industries with broad application spaces and strong demonstration effects, such as agriculture, healthcare, elderly care, and emergency response. It will organize targeted efforts for production and application pairing, on-site application verification, and promotion of mature scenarios, accelerating the iteration and upgrading of new technologies and new products through large-scale applications in new scenarios.

Zach Pandl, the head of research at Grayscale, posted on the X platform comparing Ethereum to a "small country" and discussed the ETH issuance mechanism. He believes that Ethereum has only one core "government function": to protect property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum primarily funds network security through "seigniorage," which is the issuance of new ETH.In this framework, the stakers responsible for maintaining network security are akin to a group providing public services, as they receive rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal and monetary policy. Zach Pandl pointed out that the Ethereum community needs to decide how much "new currency" should be used to cover network security costs. More security typically means stronger protection of property rights, but at the cost of a higher ETH issuance rate and potential other risks.For example, if network security increasingly relies on a few large staking service providers, there remains room for discussion about whether these providers can maintain the asset rights of all users completely neutrally. Pandl believes that, just as in traditional economies, no one knows the "optimal level" of government spending and currency issuance; the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this ratio may affect finality; 1/2: affects blockchain fork choice; 2/3: can control the finality process. Some community members believe that the design of Ethereum's monetary and fiscal policy should consider the security trade-offs brought by these key ratios, while the current mechanism has not adequately incorporated these factors. However, the above analogy is not entirely accurate, as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.