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The real-time market application underlying protocol Linera announces the opening of pre-registration for the $LNRA community round, aimed at traders, badge recipients, community members, and external participants, allowing for token purchases before Season 1 and TGE. Pre-registration is open from now until September 1 UTC, with the subscription period from September 1 to 8 UTC. Participants can join at a fixed price / FDV using USDC on Base through sale.linera.net, with round pricing and scale to be announced on August 28.This round is divided into a reserved pool for badge holders and an open pool for all registered users. Badges can be earned daily through trading and social activities on app.linera.xyz and claimed at portal.linera.net. Higher levels and points determine the priority order for the reserved pool; the open pool is allocated proportionally, with a single wallet limit of $100,000. For every $1 committed, 1 Commitment Credit is earned, which can be used for fee-free trading volume in Season 1 on app.linera.xyz, with refunds also counted.It is reported that 65% of the total supply belongs to the community (including reserves and this pre-sale), while investors and early contributors hold a total of 25%, with a three-year vesting period from distribution. Linera claims there are currently about 50,000 traders, over 80 million predictions, and over 2 billion test trades, nearing the launch of the mainnet.

According to a report by Nikkei Chinese Network citing Bloomberg on August 24, the Trump administration is considering imposing an additional 7.5% tariff on goods imported from China, a move seen as a countermeasure against China's overcapacity. If this tariff is implemented, combined with previously imposed tariffs, the total tax rate will reach 20%, returning to the level before the U.S. Supreme Court ruled the Trump tariffs invalid in February of this year.The report states that in July, the Trump administration imposed additional tariffs of 10% or 12.5% on China and 59 other countries and regions based on Article 301 of the Trade Act, citing their inadequate response to forced labor issues; at the same time, it had also considered imposing tariffs on China, Japan, and 14 other countries and regions regarding the issue of overcapacity. The U.S. claims that China's surplus products are eroding the American market, to which China has rebutted.

The Ethereum community has released a deposit contract EIP proposal that supports post-quantum computing. The proposal aims to introduce a new contract that supports variable-length public keys and credential metadata, along with a clear scheme identifier, where scheme 0 is reserved for the current BLS deposits.The new contract no longer relies on the Merkle tree structure of the old deposit contract but instead passes deposit information to the consensus layer through execution requests derived from EIP-7685 logs. This contract features an irreversible mode controlled by protocol system calls: deposits are initially disabled, BLS deposits are enabled at a specified timestamp, and BLS deposits are permanently disabled at a later timestamp, with no option for re-enabling. During the migration period, the execution client must merge deposit requests from the new and old contracts.

AI market prediction project Fortune Protocol officially announces the integration of liquidity from Polymarket and, together with the previously integrated Predict.fun, provides more prediction markets and liquidity for Fortune Markets.After this update, users can directly explore markets from different liquidity sources within Fortune Markets and discover and compare the liquidity, trading volume, and probabilities of different markets more quickly through a brand new market interface. Fortune Protocol has optimized the trading and asset management experience, adding a streamlined trading process that supports result selection and position browsing; the Portfolio feature is unified, allowing users to view their current positions, settled markets, and complete trading history in one place.Fortune Protocol states that by continuously integrating liquidity from various mainstream prediction markets, Fortune Markets will further build a unified market layer, providing users with a more open, efficient, and integrated prediction market trading experience.

On August 25, according to the Korea Herald, the SK Hynix union rejected the preliminary wage agreement reached with management. The preliminary agreement was voted down with 50.08% of the votes against it.Previously, the union leadership had reached this preliminary agreement with management before submitting it for a member vote.

Uniswap founder Hayden Adams posted on the X platform that as the market warms up, the weekly burn rate of UNI has reached an all-time high, with an annualized burn rate of 31 million UNI (approximately 113 million USD) and it is still growing.He stated that the team continued to build during the bear market and is now seeing early results in the bull market.

According to Gate data, ZEC reached an approximately 8-year high today, hitting a peak price of $888, the highest since 2018, with a weekly increase of over 70%, and is currently maintaining a high position around $844.The Zcash community will conduct a token holder vote starting on the 24th for about 18 days to determine the scope of the upcoming NU7 upgrade. The minimum voting participation threshold is 1 million ZEC. Voting rights are based on the spendable, shielded ZEC held in the Ironwood pool at the time of the snapshot (expected on the 24th at 19:00 UTC, with a mainnet block height of approximately 3,459,350). Voting will open on August 25 and end on September 14 at 19:00 UTC, conducted privately through supporting wallets, with results only published as aggregated data.

According to Fortune, Hyperliquid is accelerating its entry into the regulated market in the United States, with its related listed company Hyperliquid Strategies actively participating in the promotion of domestic compliance business layout in the U.S.Fortune pointed out that Hyperliquid has currently established a strong market influence in the perpetual contract trading sector and is repurchasing and destroying HYPE through platform fee income.

According to River statistics, there are 49.6 million adults in the United States who own Bitcoin, which is nearly 21 million more than the 28.8 million who own gold.

"White-haired stock god" Serenity posted on the X platform, stating that after a series of fact sheets released by the U.S. government recently, the future key industries that the U.S. will support and develop can be seen more clearly.Serenity pointed out that this week the U.S. government released policy documents related to the "Golden Age of Space Transportation," with the space industry becoming a key focus area. She believes that the relevant policy goals will promote the development of the launch industry and may benefit companies in the space industry chain, including rocket manufacturers.The U.S. government has set a goal of achieving 1,000 launches and re-entry missions annually by 2030, with rocket companies like Rocket Lab (RKLB) expected to be beneficiaries. In addition, Serenity mentioned that this month the areas of focus for U.S. policy also include: tariffs on drone components; U.S. mining and critical mineral resource cooperation; adjustments to polysilicon supply chain tariffs; and other strategic industry policies. By continuously observing U.S. government policy documents, one can more intuitively judge the industry directions that the capital market will focus on in the future and help investors discover potential industrial opportunities.

In the previous week, the two types of ETFs had a total net outflow of 392 million dollars.

Canadian Prime Minister Carney stated that Canada's measures (tariffs) against the United States will take effect on September 8.

This week, U.S. cryptocurrency policy has seen intensive progress. The Trump administration has pushed for new advancements in the CLARITY Act, the SEC has proposed a draft of regulatory rules for cryptocurrency assets for the first time, and the CFTC has stated that if congressional legislation stalls, it will promote the establishment of an independent regulatory framework for the cryptocurrency market. Trump met with leaders from several cryptocurrency companies at the White House this week and publicly called on Congress to pass a "fair version" of the CLARITY Act. Representatives from Coinbase, a16z, Ripple, Kraken, and other industry participants attended the meeting, focusing on the bill's impact on U.S. jobs, innovation, and attracting cryptocurrency companies back. Currently, the main obstacles to advancing the bill are concentrated on certain ethical clauses. Trump believes that the relevant provisions may target individuals, but industry insiders are pushing both sides to find a compromise to facilitate bipartisan support.CFTC Chairman Mike Selig stated that the CLARITY Act is key to avoiding regulatory uncertainty. If Congress continues to delay, the CFTC will use its existing authority to formulate regulatory rules for the cryptocurrency asset market. Meanwhile, the U.S. SEC has officially proposed a "Crypto Assets Rule Framework," planning to allow certain cryptocurrency financing to be exempt from full securities registration under specific conditions, including a cumulative financing cap of $5 million over four years or an annual limit of $75 million, and providing conditional safe harbor for certain token projects. Additionally, the SEC is considering limiting certain state securities registration requirements to provide a clearer compliance path for U.S. cryptocurrency companies. Market participants believe that recent actions by U.S. regulators indicate that Washington is shifting from a previous enforcement-based regulatory model to establishing a systematic regulatory framework for cryptocurrency assets.On the other hand, former Signature Bank Chairman Scott Shay has launched the N3XT Digital Dollar (NDD) digital dollar deposit project, attempting to challenge the stablecoin market. NDD operates on a public blockchain, enabling 24/7 dollar transfers, and is backed one-to-one by cash and short-term U.S. Treasury bonds. Shay stated that banks can leverage blockchain technology to create a payment system similar to stablecoins while maintaining the dollar credit advantage of the traditional financial system. The project is seen as a new attempt by banks to respond to the expansion of stablecoins. Additionally, the cryptocurrency investment market is entering a new cycle. Dragonfly partner Rob Hadick stated that although AI is attracting significant capital, cryptocurrency startup activity is still recovering, and future predictions of market, institutional applications, and improvements in U.S. regulation may drive new growth in the industry.

Uniswap founder Hayden posted on the X platform that the tokenized stock trading volume on Robinhood has reached $1 billion for the first time, and $1 trillion in trading volume is on the way.

Insiders reveal that the artificial intelligence cloud company Nscale plans to seek up to $3 billion in financing in its IPO in the United States.

Citi stated that it remains optimistic about the stock market performance and advises investors to consider increasing equity asset allocation if the market experiences a pullback before the U.S. midterm elections. It currently maintains an "overweight" view on U.S. stocks, believing that corporate earnings expectations are improving and the market liquidity environment is becoming more accommodative. Despite recent concerns related to artificial intelligence, there are no significant risk signals in the overall market.Citi continues to be optimistic about the U.S. stock market and believes that sector rotation may limit the market's downside potential. Historical data shows that the market often experiences a strong year-end performance following a weak phase before the U.S. midterm elections, suggesting that there may be opportunities to buy on dips currently.

Works in Progress Editor Simon Grimm warns that Europe has lagged behind the United States for the past 30 years, and with the development of AI, this gap may widen sharply. He points out that Europe needs to achieve growth in the process of enhancing AI capabilities, but is currently not on the right track, and the lagging situation may further deteriorate.Grimm states that the world is experiencing one of the most expensive infrastructure expansions in history, yet Europe has seen almost no significant data center projects come to fruition, which is somewhat puzzling. AI companies are urgently seeking locations to build data centers, but few projects are advancing in Europe. He believes that the problem largely lies on the supply side, as conditions in Europe are relatively worse, making related construction difficult.