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ChianCatcher news, Terence Lee, one of the early co-founders of BitMart (GBM Global Holding Company Limited), stated, "In recent years, I have not been responsible for the main business of the exchange, and my work has mainly focused on exploring new products and new business. I will withdraw from all company affairs on July 31, 2026, and will not participate in any operations, management, or asset-related matters of the company or any of its affiliated entities. The procedures for resigning from relevant positions and canceling registrations are currently being processed. I deeply regret the difficulties and impacts caused to users by the platform's cessation of operations. However, I currently have no authority to handle matters related to platform assets, accounts, or user funds, nor can I answer questions related to platform operations or asset disposal. Relevant requests should be made through the channels indicated in the official announcement and through legal means. Recently, my identification information, photos, and several false pieces of information have been circulated, and I have reported this to law enforcement and reserved the right to pursue legal responsibility. This statement is my only public explanation regarding this matter, and I will no longer respond to related inquiries individually."

BIP-110 received only about 2.5% miner hash power support when the activation deadline was reached and failed to activate. The nodes executing the proposal forked from the mainnet at block height 961632, and a minority chain subsequently stopped producing blocks.Bitcoin Mechanic, a supporter of BIP-110, stated that this outcome proves Bitcoin has encountered "protocol capture," where large mining pool operators coordinate to influence consensus rules and undermine node sovereignty. Since the minority chain received less than 3% of the total network hash power, its inherited mining difficulty led to a halt in block production. Some supporters are considering changing the PoW algorithm through a hard fork, and Bitcoin Mechanic indicated that they would wait to resume node operations after the Bitcoin Knots update.Cysic founder and CEO Leo Fan stated that the difficulty adjustment mechanism protects the main chain, and the mandatory activation design of BIP-110 is the main issue. The anonymous owner of 1win pointed out that the proposal only received 2.53% support, below the 55% activation threshold, and the main chain is still continuously operating.

Bitget released a statement on "Improving Market Mechanisms and Maintaining Fair Trading," announcing the advancement of market fairness from three directions: first, establishing a mechanism for handling and returning abnormal profits, disposing of profits generated from violations or abuse of mechanisms, with proceeds not counted as platform revenue and specifically used for user protection; second, enhancing risk standards for listed and existing assets, conducting dynamic monitoring of existing assets based on indicators such as liquidity, depth, and volatility, and taking management measures for those that do not meet the standards; third, continuously optimizing the underlying mechanisms, focusing on improving the stability of price marking and dynamic risk control capabilities under extreme market conditions.The above optimization work will be carried out in phases, involving adjustments to specific trading rules or product mechanisms, and the platform will notify through official channels. Bitget emphasizes that trust comes from adherence to rules and will continue to maintain a fair and orderly trading environment through mechanism optimization and transparency initiatives.

F2Pool co-founder Wang Chun stated that OCEAN mining pool co-founder and CTO Luke Dashjr has not only gone bankrupt financially but has also lost his personal credibility.He also sarcastically suggested that Luke might as well try changing the PoW algorithm next, but the outcome would not be good either.

ChianCatcher news, well-known crypto KOL katexbt tweeted that HyperEVM is a huge failure, with 13 out of 18 HyperEVM projects being a complete waste of time.Specifically, this includes 2 that have been delayed (felix, hyperbeat), 7 that are dead (hyperdrive, hypurr, liminal, hyperstablex, looped, laminar, sentiment), 3 that have achieved nothing after TGE (hyperlend, hyperswap, kittenswap), 1 that is still pending but will be delayed (valantis), 1 that had a decent early participation (harmonix), 1 that might still be good (unit / tradexyz), and only 3 that are performing decently (Markets / Kinetiq, ProjX, and Nest).

Strategy founder Michael Saylor posted that only 2.6% of miners signaled support for BIP-110, which failed to gain widespread support. At block 961,632, its nodes will reject non-signaling blocks. Subsequently, BIP-110 will stagnate or fork into an insignificant existence, while Bitcoin will continue to operate normally. Bitcoin is functioning as designed.BIP-110 is a temporary soft fork proposal that plans to introduce 7 consensus restrictions over an effective period of about one year, including limiting the length of new script public keys, the size of certain pushed data and witness items, disabling certain Taproot extension paths, etc., in order to significantly reduce arbitrary non-payment data that can be embedded in transactions, such as inscription runes, thereby reducing node burden, suppressing junk data, and allowing Bitcoin to focus more on its monetary use.

According to CoinDesk citing informed sources, the cryptocurrency exchange BitMEX spent two years discussing potential sales with multiple buyers, including competitor exchanges and payment platform Exodus, before announcing its shutdown, but ultimately failed to reach a deal. Informed sources indicated that potential acquirers were deterred mainly by the holding structure led by the company's founder, the ongoing shrinking of the business, and lingering reputation issues.Reports state that the company had hired investment bank Broadhaven to manage the sale process in early 2025. Informed sources said that although co-founders Arthur Hayes, Ben Delo, and Samuel Reed had already exited the business after facing U.S. criminal charges in 2020, the three still controlled the vast majority of the company's equity, which made some buyers uneasy and complicated negotiations, as buyers typically hope to secure management's retention post-transaction through partial acquisition consideration.Additionally, during the sale process, BitMEX continued to lose market share as trading activity flowed to larger centralized exchanges and decentralized perpetual contract platforms, making potential acquirers reluctant to pay the revenue multiples typically offered to growth companies.

According to CryptoQuant analyst Novaque Research, the Federal Reserve voted 9 to 3 on July 29 to maintain the interest rate target range at 3.50% to 3.75%. However, maintaining the interest rate is different from cutting rates and did not bring new liquidity stimulus, and Bitcoin's internal demand indicators reflect this constraint.Novaque stated that the Coinbase premium index continues to be deeply negative, close to -0.11, indicating that Bitcoin's pricing on Coinbase is weaker than on offshore platforms, pointing to sluggish spot demand in the U.S.; total open interest remains below the 100-day moving average, and CME options exposure has significantly contracted from the peak in the first quarter; exchange reserves have rebounded from the April low to about 2.72 million BTC, indicating an increase in supply that can be sold at any time. It believes that against the backdrop of weak demand in the U.S., simply pausing interest rate hikes can only prevent further tightening and cannot create a favorable environment for price increases, and Bitcoin prices will remain under pressure in the short term.

According to Cointelegraph, investment firm Bernstein stated that the prospects for the passage of the U.S. CLARITY Act are declining. If the Senate fails to advance the bill before the recess, it may trigger a short-term negative reaction in the market, putting further pressure on the valuations of Bitcoin and the overall crypto assets.Bernstein pointed out that the failure of the bill could lead to a market "instinctive sell-off," but in the medium to long term, it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory actions, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and advancing token issuance exemption mechanisms.Bernstein expects that the crypto market may bottom out between the end of the third quarter and the beginning of the fourth quarter, gradually regaining momentum before the U.S. midterm elections.Currently, market expectations for the CLARITY Act to be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows that the probability of the bill passing this year has dropped to 31%, down 7 percentage points from a week ago and down 9 percentage points from the past month, with related betting amounts around $3.7 million.The CLARITY Act aims to establish the first regulatory framework for the digital asset market in the U.S., but it faces opposition from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital had lowered the probability of the bill being enacted by 2026 to 50% and warned that the Senate's advancement timeline is shrinking.

According to Jinshi reports, former Iranian Foreign Minister Javad Zarif warned that if Iran fails to reach a final agreement with the United States within the proposed 60-day negotiation period, it may face further economic difficulties, domestic turmoil, or a new round of military strikes.

According to Jinshi reports, the Philippines has designated a so-called "baseline of territorial sea" in Huangyan Island, which is Chinese territory, seriously infringing on China's territorial sovereignty and violating international law. China firmly opposes this and demands that the Philippines respect China's territorial sovereignty and maritime rights and interests, and refrain from taking any infringing provocative actions; otherwise, China will respond resolutely.

According to Jinshi reports, the French Ministry of Foreign Affairs calls for a de-escalation of the situation in the Red Sea and points out that the closure of the Strait of Hormuz will have an impact on the global economy.

According to Cointelegraph, Binance's Chief Security Officer Jimmy Su stated that Binance conducts red team testing internally every month to assess the overall security awareness of employees.Testing scenarios include impersonating recruiters, sending free meeting invitations, and enticing employees to submit personal information. Employees who fail the test must undergo corrective training, and the test results will also be included in performance evaluations; if an employee fails severely multiple times, they may face termination.

The well-known cryptocurrency derivatives exchange BitMEX, founded by Arthur Hayes, officially announced that it will close at 04:00 (UTC) on September 23 and has stopped new user registrations. It will stop opening new positions and gradually enforce liquidation starting from August 26.It is reported that BitMEX, as the pioneer of perpetual contract products, gradually withdrew from the operation of BitMEX after being targeted by the U.S. government. In the past few years, BitMEX has continuously sought acquisition without success.

According to Bloomberg, the merger plans of Tether's Twenty One Capital, Strike, and Elektron Energy have been terminated. Jack Mallers, the CEO of Twenty One Capital and Strike, has stepped down from the position of CEO of Twenty One Capital, and Elektron CEO Raphael Zagury has taken over.

According to The Block, U.S. regulators failed to issue the final rules necessary to implement the federal stablecoin framework within the one-year deadline set by the GENIUS Act. This act was signed into law by Trump on July 18, 2025, requiring the OCC, the Federal Reserve, the FDIC, the NCUA, the U.S. Department of the Treasury, and state stablecoin regulatory agencies to complete the supporting rulemaking by no later than July 18, 2026.As of the afternoon of July 18 local time, the main rule proposals released by the OCC, FDIC, NCUA, and the Treasury remain in the proposal stage, with some rules related to the Federal Reserve and anti-money laundering regulation still open for public comment. The report notes that the act does not stipulate that missing the deadline will automatically extend it, nor does it suspend the relevant statutory requirements or delay the overall framework's effectiveness.Among them, the OCC's comprehensive implementation proposal covers reserve assets, capital, liquidity, custody, risk control, and reporting requirements; the FDIC's proposal involves reserves, redemption, custody, and the deposit insurance treatment of stablecoin reserves; the NCUA proposed licensing and operational risk control plans in February and May, respectively, but the comment period for the latter only ended the day before the deadline, making it objectively impossible to complete formal rulemaking before the statutory deadline. The report indicates that this means that some key rules necessary for the operation of the stablecoin framework will not be finalized until at least after the deadline.

According to Jinshi reports, Federal Reserve Chairman Waller stated that recent inflation data does not perfectly reflect the underlying inflation situation.