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Jiang Zhuoer stated that on Friday, Bitcoin spot ETF saw a net outflow of $202 million, ending a nine-day streak of net inflows; Ethereum spot ETF remains strong, continuing with a net inflow of $102 million. He believes that after this round of significant increases, there is a large amount of bear market trapped positions and profit-taking selling demand at the bottom, and whether the price can maintain a high level depends on whether there is enough capital to take over. The flow of ETFs and the Coinbase premium are important indicators to observe the situation of capital absorption.Jiang Zhuoer mentioned that the hawkish remarks from Federal Reserve Chairman Waller had a significant impact on the market, leading to negative key ETF data on Friday and further weakening the weekend market. Currently, BTC is facing its first test since the rise, and the drop in the early morning may be the beginning of a trend decline. He has sold 50% of his ETH spot position during the decline and will continue to observe the weekend trend.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that on the first trading day of U.S. stocks after a weekend surge, ETF fund flows have become a key observation indicator. Data shows that Bitcoin ETF net inflows reached $314 million, while Ethereum ETF net inflows were $180 million. U.S. stock funds are chasing long positions, which means that this round of increases has further confirmed funding, and the probability of Bitcoin falling back below the $67,000 starting point is very low.At the same time, the inflow of funds into the Ethereum ETF is equivalent to 57.2% of Bitcoin, significantly higher than the ETH/BTC total market capitalization ratio of 18.8%. Based on this, he believes that ETH will continue to play the role of the "engine" in this bull market. With Trump significantly embracing blockchain and the advancement of the CLARITY Act, financial assets such as the U.S. dollar, U.S. stocks, and U.S. bonds may further go on-chain, be tokenized, and become smart contract-enabled in the future. He believes this will drive more traditional financial professionals to understand and invest in the related blockchain ecosystem.

Jiang Zhuoer released a historical cycle comparison chart of Bitcoin on platform X, stating that if the low point of this cycle is around $57,800, based on historical cycle trends, the current market adjustment in terms of magnitude and duration is already quite close to the previous three cycles, and a large number of investors may currently be in a "missed out" state.Jiang Zhuoer mentioned that as the market continues to consolidate and fluctuate, the anxiety of investors missing out on the market (FOMO) may gradually intensify. Once capital flows back in, the space for further market decline may be limited. He believes that the subsequent trend may reference the "golden pit" in the market at the end of 2021, at which point a brief buying opportunity during a pullback may arise.

The founder of the Liebit mining pool, Jiang Zhuoer, stated that last week, Bitcoin and Ethereum spot ETFs recorded inflows of approximately $1.92 billion and $700 million, respectively, with the inflow scale of the Ethereum ETF being about 36.4% of Bitcoin's. Meanwhile, the total market capitalization of ETH is currently about 18.8% of BTC, and its ETF inflow proportion is significantly higher than the market value ratio of the two.Jiang Zhuoer indicated that stronger relative capital inflows may be one of the factors for ETH's recent price increase outpacing BTC, with ETH's maximum increase this round being approximately 35.9%, higher than BTC's 26.6%. Additionally, as the United States promotes legislative structures for the crypto market and asset tokenization, the development of RWA may further enhance market attention on smart contract public chains.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that around 13:10 Beijing time today, a small flash crash occurred across the entire market, with BTC, ETH, and various altcoins showing significant price spikes, and even non-crypto assets like crude oil experienced short-term violent fluctuations. It is advised not to use a unified account to hold a large number of high-leverage altcoin long positions simultaneously, as in a joint margin model, if a certain cryptocurrency suddenly crashes by 50%, it may lead to insufficient margin in the account, triggering the forced liquidation of other assets in the account.If engaging in high-leverage altcoin trading, it is recommended to use a isolated margin model to separate positions, avoiding the extreme market conditions of a single cryptocurrency from affecting the entire account. Although isolated margin trading is relatively cumbersome, at least in the event of extreme market conditions, "if one blows up, it only blows up one," which can reduce the risk of the entire account's assets being instantly wiped out.

The founder of the Liebit mining pool, Jiang Zhuoer, stated that his previous bearish judgment on the market was incorrect. He currently has a 90% confidence that the bear market has ended and believes that this round of ETH will become the main driving force of the bull market, potentially outperforming BTC.In terms of operations, Jiang Zhuoer mentioned that the ETH sold previously at $1738 to $1931 has been bought back at $2100 with a stop-loss, and he sold 50% of the spot when ETH rose to $2525 to test the peak, with a stop-loss set at $2550. For funds that are still in a state of missing out, Jiang Zhuoer plans to buy in fully if BTC falls to the range of $67,000 to $72,000; otherwise, he will buy at the current price by the end of October at the latest. He believes that compared to predicting the market, execution and risk control are more important in trading, which means "hold on if you're right, cut losses if you're wrong."

On the morning of August 20, 2026, the Intermediate People's Court of Shenzhen City, Guangdong Province publicly announced the first-instance verdict in the case of Evergrande Group Co., Ltd., Evergrande Real Estate Group Co., Ltd., and defendant Xu Jiayin. The court imposed multiple penalties on Evergrande Group, sentencing it to a fine of 8.82 billion yuan; it fined Evergrande Real Estate 7 billion yuan; and sentenced Xu Jiayin to life imprisonment for multiple crimes, depriving him of political rights for life, and confiscating all personal property; it also ordered the continued recovery of illegal gains, with any shortfall to be compensated.The court found that Xu Jiayin is the actual controller of Evergrande Group. Between 2016 and 2021, Evergrande Group, Evergrande Real Estate, and Xu Jiayin inflated assets and concealed liabilities through financial fraud and other means, committing crimes such as illegally absorbing public deposits, fundraising fraud, fraudulent issuance of securities, and illegally disclosing important information; they also obtained control of financial institutions through bribery, illegally siphoning off credit and insurance funds. Xu Jiayin further exploited his position to organize financial fraud, misappropriating company property under the guise of dividends. The court deemed these actions to severely disrupt the market economic order, with particularly huge amounts involved and particularly heinous circumstances, and imposed severe penalties according to the law.On the same day, the two levels of courts in Shenzhen also ruled on the cases of individuals involved in Evergrande related to illegally absorbing public deposits and fundraising fraud, sentencing 56 individuals including Zhen Litiao, Ke Peng, Xu Tenghe, and Xu Zhijian to prison terms ranging from eighteen years to one year and ten months, along with fines or confiscation of property.

The China Gold Association issued a stern statement regarding the U.S. Department of Homeland Security's inclusion of certain domestic gold enterprises in the "Uyghur Forced Labor Prevention Act" (UFLPA) entity list, which led to the London Bullion Market Association (LBMA) suspending the qualified delivery status of related enterprises. The association stated that the U.S. "forced labor" accusations lack factual basis and are an attempt to politicize human rights issues and promote trade protectionism.The LBMA, without sufficient factual verification, accepted false information and suspended qualifications, harming the legitimate rights and interests of Chinese gold enterprises and disrupting the stability of the global gold market. The association stated that the Chinese gold industry chain has the ability to withstand external risks and will work together with the industry to protect rights, strengthen compliance self-discipline and traceability system construction, and support the Chinese government in taking necessary countermeasures, urging the U.S. to lift sanctions and calling on the LBMA to correct related decisions.

According to PR Newswire, Canaan Technology released an unaudited Bitcoin mining update for the period ending July 31, 2026, disclosing that 46 Bitcoins were mined in July. By the end of the month, cryptocurrency reserves reached 1,917 Bitcoins and 3,952 Ethereums.Throughout the mining operations, the average energy efficiency of non-joint venture mining rigs in North America remained at 17.9 J/TH, while the joint venture's operations at Alborz steadily increased its operating hash rate to 4.2 EH/s, with installed hash rate reaching 4.85 EH/s.

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.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that the previous three major bottoms of Bitcoin were accompanied by "high losses and large fluctuations," while the current characteristics are "losses not high enough and smaller fluctuations." He believes that rather than betting on this being an unprecedented "calm bottom," it is better to view it as a "breathing stage" in the process of finding a bottom.Jiang Zhuoer cited the market situation in 2018 as an example, when the $6,000 level of BTC was tested multiple times and was seen by many investors as a bottom that would not be broken. Before breaking below, BTC traded sideways in the $6,000 to $7,000 range for about two and a half months, which is quite similar to the current sideways trading in the $60,000 to $70,000 range for two months, after which the price fell to $3,000.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that stablecoins in the crypto market are still continuously flowing out. In the past month, the total market value of stablecoins has decreased, with USDT dropping from $184.2 billion to $183.1 billion, and USDC falling from $73.28 billion to $72.15 billion, a total reduction of $2.23 billion.Currently, this funding situation shows no signs of a bull market starting. Bitcoin may rebound to the range of $68,000 to $70,000 at most, followed by a final drop after squeezing out the shorts.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, made a prediction about the bottom of this bear market based on the previous three rounds of Bitcoin bull and bear cycles: "According to historical data fitting, the decline ratios for the four cycles are: 86.9%, 84.1%, 77.6%, 65.1% (this round prediction), corresponding to a BTC price of $44,016, expected to occur on October 31."

According to Forbes' real-time billionaire rankings, Justin Sun surpassed Wang Jianlin with an asset worth $8.5 billion compared to Wang's $4.4 billion.In response, Justin Sun stated, "There are no waves, only awakenings. Wang Jianlin was once the god of versions, just as I was an unbelievable young person. The cruelest part of version updates is that those at the peak are always the last to notice.So if today a young person tells me something I don't understand, or even something I want to mock, I find it hard to have the same confidence as Wang Sicong. I would serve him a cup of tea and listen to him talk about his world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but believing in young people is always right."In 2019, after Justin Sun purchased a charity lunch with Buffett for about 31.54 million yuan, Wang Sicong shared related articles on his social media with a mocking caption.

Former Alibaba Vice President of Technology and Lepton AI founder Jia Yangqing announced the establishment of a new company, Intent Lab, and launched the autonomous Agent team "Fleet," aimed at directly transforming users' natural language requirements into software systems ready for production environments.According to reports, users only need to describe their development intent, and Fleet can complete the entire process from system architecture design, code development, infrastructure deployment, to testing, quality validation, and performance optimization. The goal is not just to generate code, but to deliver runnable production-grade software.It is reported that Intent Lab has simultaneously showcased several early achievements, including the GLM-5.2 inference engine, one-time database creation, and a fully validated Agent file system.

Recently, the public security agencies of Zhanjiang and Leizhou in Guangdong, China, launched a concentrated crackdown operation, successfully dismantling a money laundering criminal gang that used virtual currency transactions to transfer funds from telecom network fraud. Sixteen members were criminally detained in accordance with the law.The gang, led by a couple named He and Zhang, began laundering and transferring fraudulently obtained funds through virtual currency trading models since the end of 2025. They illegally profited by earning transaction price differences and amassed a large number of personal bank cards, WeChat, Alipay, and other payment accounts to build a money laundering chain. In the early hours of July 24, the police conducted a precise cross-regional operation, dismantling the entire gang. The Zhanjiang Public Security Bureau solemnly reminds that "score running" money laundering is an important accomplice in telecom network fraud. Involved individuals will be charged based on the severity of their actions, suspected of aiding information network criminal activities, concealing and disguising criminal proceeds, and crimes related to the benefits of criminal proceeds.Citizens are strongly advised not to rent, lend, or sell personal bank cards and various payment accounts for the sake of small commissions. They must resolutely avoid participating in illegal activities such as virtual currency fund transfers and money laundering. Everyone should consciously protect their personal credit and property safety and actively stay away from all types of fraud-related criminal activities.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated in a post that after this round of market trends, he will no longer short ETH and will instead short BTC. He will use WBETH as margin to short an equivalent amount of BTC spot.The reason is: MSTR can foresee that it will not increase its BTC holdings for a long time in the future; BitMine is still buying ETH; combined with the development of RWA and other factors, this bear market may repeat the last one, with BTC and ETH reaching their lowest points at different times. The last round's lowest point for ETH was on June 18, 2022, when ETH was $881.56 and BTC was $17,622, with an exchange rate of 0.05. The last round's lowest point for BTC was on November 21, 2022, when ETH was $1,079.76 and BTC was $15,476, with an exchange rate of 0.0698. In this round, there is a possibility that ETH will reach a low of $1,505.68 on June 6, 2026, so he has decided to short BTC. BTC has already fallen below the rising channel, while ETH is still at the lower edge of the rising channel.

According to public information and related disclosure documents, Kong Jianping indirectly holds approximately 18.98 million shares of Changxin Technology through Yifang Changda Fund (with a subscription of 21.34 million yuan). Based on the opening price of 49.5 yuan on that day, the corresponding market value of the shares is approximately 940 million yuan, and the estimated return is about 44 times according to related statements.Kong Jianping stated that when he invested in Changxin in 2020, the company's valuation was less than 20 billion yuan, and it has now exceeded 3 trillion yuan.

Jiang Zhuoer posted on platform X: "Changxin Storage is likely to open high, surge, and then fall back, with the first day being the historical highest price. If you want to buy Changxin in the A-shares, make sure Hyperliquid funds are ready. The perfect script is to buy at the A-share opening, sell during the noon surge, and then sell A-shares the next day while buying back at Hype to settle."

Bitget's Greater China Regional Head, Xie Jiayin, shared key operational data for rToken on the X platform: In 6 weeks since launch, the cumulative trading volume has reached $2.17 billion, with an average daily trading volume of about $80 million in the last 7 days; the current user AUM is $103 million.Xie Jiayin emphasized that all data can be publicly queried through the Reality platform, and the relevant asset information is transparent and verifiable, with no black box. Currently, Bitget rToken's liquidity in US stocks ranks first in the world.