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Qianwen's former technical director Lin Junyang announced the establishment of a new company, Pragmatic Technology, in Shanghai, focusing on the research direction of next-generation intelligent agents that span the digital and physical worlds.He also revealed that Gao Rong Venture Capital and HSG (Sequoia China) jointly led this round of financing, with support from Tencent and the Shanghai Future Industry Fund. According to informed sources, the "this round of financing" mentioned by Lin Junyang refers to the angel round financing of Pragmatic Technology, with a valuation of 2 billion dollars.

As of June 30, the Norwegian Sovereign Wealth Fund holds 0.05% of SpaceX shares, valued at $1.22 billion.

According to monitoring by Onchain Lens, Bitwise purchased 28,085.8 HYPE from Nonco for its ETF clients, worth approximately 1.52 million USD, and transferred the tokens to its BHYP wallet (0x22B9...90b5).

According to The Defiant, Cole Villemain, the co-founder of the well-known NFT project Pudgy Penguins, who was voted out by the community, launched a series of 44,000 NFTs named Spritehood on Robinhood Chain on August 11, selling out in less than an hour.According to on-chain statistics of minting transactions by analyst 0xlaplaced, this sale generated approximately $1.2829 million (equivalent to about 684.28 ETH at the minting price), higher than the approximately $755,000 figure circulating during the sale, which was a snapshot taken while the sale was still ongoing. According to the statistics, the paid sale lasted about 53 minutes, during which 37,430 pieces were sold for $17 each, and 5,526 pieces were sold for $117 each. Before the paid sale began, the deploying party also distributed 1,488 pieces for free through 20 zero-price transactions.Reports indicate that the Spritehood contract itself is displayed as unverified source code on the Blockscout browser of Robinhood Chain, preventing buyers from reviewing the public code regarding its token pricing and distribution mechanism. Cole Villemain was voted out of the founding team by the Pudgy Penguins holder community in January 2022, accompanied by accusations of misappropriating project funds, but the related accusations have remained at the level of allegations, and Villemain has not been prosecuted as a result.

Coinglass data shows that the total network maintained 68.18 million dollars in the past hour, with long positions liquidated at 63.81 million dollars and short positions liquidated at 4.37 million dollars. In addition, the liquidation amount for BTC reached 24.14 million dollars, and the liquidation amount for ETH reached 19.42 million dollars.

According to CoinDesk, the Pokémon trading card market is currently estimated to be between $10 billion and $15 billion, leading to queues at retailers like Costco. A Pikachu Illustrator card owned by Logan Paul once sold for $16.5 million.Sales at large chain stores like Target and Walmart, along with eBay's projected card sales of $26.2 billion in 2025, indicate that trading cards have become an important alternative asset class, recently outperforming the S&P 500 index and Bitcoin.The blockchain startup Deadstock, launched by ATH Labs, is attempting to tokenize high-grade cards and store them in a vault to address issues of market fragmentation and slow transaction speeds. The project still faces liquidity challenges and the network effect advantages created by existing platforms like eBay.

Arthur Hayes posted on the X platform stating that his article "Yen-quake" will introduce how Buffalo Bill Bessent plans to manipulate the USD/JPY exchange rate and restart the currency printing press. Arthur Hayes mentioned that the continuous weakening of the yen over the past decade has driven up global asset markets, but this situation will eventually come to an end. The yen is the lowest valued currency globally and is also a focal point of controversy among the two major powers, the United States and China, as well as ordinary Japanese voters.There are three ways to address the yen issue, but the U.S. Treasury and Japanese politicians only lean towards one of them. He will explain the operational mechanisms of each method for yen appreciation and why the last option is the preferred solution; he will also discuss how to politically implement the third option. He stated that as U.S. dollar liquidity rises significantly, Bitcoin and cryptocurrencies will increase.The three options include: 1. The Bank of Japan significantly raises interest rates, eliminating the interest rate differential between the dollar and the yen at least on the short end. 2. The government persuades domestic institutions and public entities like GPIF to change their investment mandates, selling overseas assets and buying local assets. 3. Preferred option: The Japanese Ministry of Finance hands over its U.S. Treasury holdings to the Federal Reserve through repurchase transactions in exchange for dollars; subsequently, it sells dollars in the foreign exchange market and buys yen.Arthur Hayes stated that before delving into details, speculators should consider why the discussion of yen appreciation is happening now. For decades, many have claimed that the yen was about to appreciate, leading to the unwinding of global carry trades. Two weeks ago, monetary policy officials from the U.S. and Japan conducted a joint currency manipulation action, merely referring to it as intervention. U.S. Treasury Secretary Buffalo Bill Bessent expressed a desire to raise the counterparty limit for the FIMA repurchase mechanism so that the Japanese Ministry of Finance could utilize its vast asset reserves to defend the yen. The Japanese Ministry of Finance also stated that it is closely cooperating with the U.S. to promote a decline in the USD/JPY exchange rate. Relevant officials are conveying to the market that they support changes in global currency relations, and thus the market must pay attention to this.

Trader Ansem (@blknoiz06) posted on the X platform stating that currently, there are tens of billions of dollars in stablecoin funds on-chain waiting to re-enter the risk asset market. Ansem believes that in the coming weeks, market participants will gradually realize that mainstream crypto assets (Majors) do not need to reach new historical highs, and capital rotation may occur earlier.He stated that as stablecoin funds flow back into the risk asset market, the market may welcome a stronger upward trend.

According to Onchain Lens monitoring, a certain whale transferred 500 bitcoins to FalconX, worth approximately 32 million dollars; transferred 274 bitcoins to the Cumberland over-the-counter trading desk, worth approximately 17.5 million dollars.Additionally, 500 bitcoins were transferred to a new address, possibly to be transferred next to Galaxy Digital. The total value of the above transfers is 81.5 million dollars.

According to CoinDesk, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to a scale of trillions of dollars, Circle's value is underestimated by the market. Rasmussen expects the stablecoin market to grow from about $300 billion to $3 to $5 trillion, with Circle having a first-mover advantage due to its existing market share as U.S. stablecoin regulations take shape.He believes that Circle will not only become a stablecoin giant but also a payment giant—its payment infrastructure under construction will play a key role in a stablecoin-driven financial system, yet investors are still too focused on its reserve business. Rasmussen compared Circle's potential development trajectory to that of Visa and Mastercard, arguing that the entry of banks and other giants is not a major threat, as the pace of market expansion is sufficient for Circle to maintain growth. He mentioned that Circle's Arc blockchain will test whether it can expand from stablecoin issuance to the payment infrastructure sector, with the key in the coming year being how its economic model changes with the adoption of stablecoins and the development of infrastructure.

According to CoinDesk, Trump Media Group saw a significant decrease in the value of its digital assets in the second quarter due to the drop in cryptocurrency prices, recording a loss of $360.6 million in the first half of the year. According to the quarterly filing submitted on Monday, as of June 30, the company held 9,477.16 bitcoins, with a fair value of $557.1 million, down from 9,542.16 bitcoins at the end of March, resulting in a net decrease of 65 bitcoins in the second quarter.The number of Cronos tokens held by the company remained unchanged at approximately 756.1 million, but the fair value dropped from $68 million at the end of 2025 to $40.6 million. Most of the company's bitcoins have been staked as collateral. As of June 30, 4,260.73 BTC were staked in convertible notes, and another 2,077.34 BTC were staked for bitcoin options strategies. Just a few days before the earnings report was released, Trump Media announced the termination of the proposed business merger with Crypto.com and Yorkville Acquisition on Friday.

According to Onchain Lens monitoring, a certain whale bought and withdrew 133,920 HYPE from Coinbase Prime, worth approximately 7.3 million USD. The data comes from @nansen_ai.

According to Ai Yi's disclosure, the on-chain Changxin Storage TOP1 Air Force holds approximately $21.12 million in 1x leveraged CXMT short positions, with an entry price of around $6.5. The current price has risen to $7.28, resulting in an unrealized loss of about $2.255 million. Meanwhile, the total funding fees paid by this short position have reached $3.078 million.This position previously invested over $40 million in margin, and there is still a significant gap to the liquidation price of $15.466. However, the continuously accumulating funding costs are eroding profits, and the market speculates that this trader may still be betting on a significant correction in CXMT's price to cover current losses and achieve profitability.

According to Gate market data, the stock price of the Trump family-associated mining company ABTC has risen over 13%, currently reported at $7.38, with a market capitalization increasing to $533 million.On the news front, last week, Justin Mateen, a director of the Bitcoin mining company American Bitcoin (ABTC) supported by the Trump family and co-founder of Tinder, bought company stock for two consecutive days after the company announced its quarterly financial report, with a total investment of approximately $1.93 million.Regulatory documents show that Mateen purchased approximately 145,000 shares of ABTC Class A common stock on August 5 for about $925,000, with an average purchase price of approximately $6.40 per share; on August 6, he bought approximately 162,000 shares again for about $1 million, with an average price of approximately $6.19 per share. The two transactions totaled 306,981 shares, increasing Mateen's holdings in ABTC to 492,297 shares.

Bitget's head of Greater China, Xie Jiayin, issued a statement indicating that in response to the abnormal price marking incident involving TUT and two other trading pairs on August 9, Bitget will compensate affected users who meet the criteria, with a total compensation amount of nearly 40 million USD. The compensation will be calculated based on the user's account equity at 15:00 on that day, addressing related losses caused by forced liquidation of short positions during the period of abnormal price fluctuations.Xie Jiayin also stated that Bitget will continue to uphold the concept of "a warm exchange," ensuring the protection of user rights for retail, VIP, and institutional clients alike. After handling the incident, the platform will continue to review and promote the continuous iteration of products and related mechanisms.

On-chain detective ZachXBT posted that U.S. threat actor Tiffany Milanovich participated in the theft of approximately $5 million in crypto assets by impersonating hardware wallet and centralized exchange customer service.Her methods included disguising as Bitcoin IRA email support, during one attack transferring about $1.2 million in BTC and ETH from the victim's Trezor wallet, and in another case stealing about $500,000 in BTC from a Coinbase account. Tiffany induced victims to hand over access to their funds under the guise of "customer service calls," later boasting about the stolen money on social media and Telegram groups, mocking victims with recordings, and collaborating with other threat actors to launder money using phishing panels and instant exchange services, with some of the stolen funds still dormant on-chain.The threat actor codenamed "Tiffany" is suspected of participating in multiple crypto asset thefts, gambling the stolen funds at crypto casinos. The platform Shuffle has frozen related accounts based on evidence submitted by ZachXBT; Tiffany previously shared a search and seizure warrant from Connecticut, dated before some of the incidents involved.ZachXBT has obtained chat logs, recordings, and on-chain evidence, anticipating that this individual may face further legal consequences. This threat actor is also linked to the John Daghita (Lick) case, who is suspected of stealing over $46 million in crypto assets from a U.S. government-seized wallet.

Michael Saylor posted on the X platform, stating that the Strategy increased its dollar reserves by $650 million and repurchased $109 million of STRC. This move extended the dollar duration by 143 days to 2.7 years and narrowed the Bitcoin credit spread of STRC by 10 basis points. As of August 9, 2026, the Strategy holds 840,447 Bitcoins, with dollar reserves of $4.65 billion.

TSMC announced its revenue report for July 2026, with consolidated revenue of approximately NT$467.58 billion (about US$14.3 billion), a quarter-on-quarter increase of 5.6% and a year-on-year increase of 44.7%. The cumulative revenue from January to July 2026 was approximately NT$2.872 trillion (about US$87.9 billion), a year-on-year increase of 37.0%.In its second-quarter financial report, TSMC stated that demand related to AI remains strong, with HPC and advanced process orders being the main growth drivers. It is expected that annual revenue in US dollars can achieve a mid-to-high double-digit growth. The company is actively promoting the expansion plans for advanced processes such as 2nm and 1.4nm, while the capacity for advanced packaging like CoWoS is also continuously expanding.

CryptoQuant analyst Darkfost stated that since May, the total market capitalization of stablecoins has lost nearly $15 billion, decreasing from about $280 billion to $266 billion.From October last year to May this year, the market capitalization remained stagnant, indicating that there has been no liquidity inflow or insufficient liquidity. Now, even though Bitcoin's price has stabilized, demand has not recovered, and this weakness hinders the rebound of Bitcoin's price. In contrast, the decline in the market capitalization of stablecoins indicates that liquidity in the crypto market is actually draining away.