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Galaxy Research published that the attackers in the Coldcard "Wave 3" attack are still continuously transferring the stolen funds. During this phase, the attackers created 293 2-of-2 multi-signature wallets for each victim's assets. The first batch of funds was transferred across chains to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.Currently, the Wave 3 attackers are processing the largest amounts of stolen funds in order of the stolen amount, having sequentially transferred the funds from wallets ranked 1 to 11. The next 10 wallets that have not yet been transferred hold a total of 30.81 BTC, while wallets ranked 61 to 293 hold a total of 33.77 BTC. So far, the attackers have transferred about 45% of the stolen assets from this exploit, with funds flowing to Ethereum (via THORChain) or entering CoinJoin mixing transactions. Additionally, this fund transfer has revealed a previously unknown wallet: 58 addresses jointly spent in a 2-of-2 multi-signature format identical to that of Wave 3, and these were further transferred by the Wave 3 attackers to a jump address that funds CoinJoin.The on-chain analysis team currently marks this wallet as "cause = open," but believes it likely also belongs to Coldcard victims, which means the number of wallets involved in Wave 3 may increase to 294, raising the previously reported total amount stolen from the Coldcard vulnerability to approximately 1806 BTC. Currently, about 82% of the stolen BTC remains in addresses initially controlled by the attackers, while about 18% has been transferred, with the flow of funds indicating that it may be undergoing laundering processes.

The G20 finance ministers and central bank governors held a meeting in Asheville, USA, from August 31 to September 1, supporting the establishment of a clearer regulatory path for the growth of digital assets and including digital assets in the U.S. 2026 presidential agenda. The G20 stated that digital financial innovation can support broad economic growth, with the private sector playing an important role in driving relevant innovations.The meeting also highlighted global stablecoins, cross-border payments, and the extended operation of large payment systems as key topics, and supported the adoption of the ISO 20022 data standard. The G20 called on the Financial Action Task Force (FATF) to prioritize jurisdictions with significant virtual asset activities and to strengthen the enforcement of anti-money laundering standards. As of July, among the 149 jurisdictions assessed by the FATF, only 1 fully complied with the relevant standards, 34% were largely compliant, 43% partially compliant, and 22% non-compliant.

After a two-day meeting in Asheville, North Carolina, G20 finance ministers and central bank governors issued a statement committing to developing clearer rules for digital assets to promote financial innovation. The statement acknowledges that digital financial innovations, including digital assets, can support "broad economic growth" and play a key role in driving private sector innovation.The statement reads: "We are committed to advancing a responsible and effective regulatory and supervisory framework to maintain financial stability, support economic growth, and establish a clear path for sound digital finance and digital asset innovation, while taking into account cross-border opportunities and challenges." G20 officials expressed anticipation for the upcoming findings from the Financial Stability Board regarding the cross-border impacts of global stablecoin arrangements, as well as related reports on stablecoin data sources, availability, and potential challenges.They also reiterated their commitment to strengthening the G20 roadmap for cross-border payments and called on member countries to extend the operating hours of large payment systems. Several G20 member countries, including the United States, the European Union, and Japan, have reviewed the potential of digital assets or stablecoins to enhance the efficiency and accessibility of existing financial and payment systems and have established relevant frameworks.

According to Caixin, Ant Group CEO and Alipay Chairman Han Xinyi elaborated on systematic insights regarding the global exploration path of AI payments at the China Payment and Clearing Forum. He stated that AI payments have essentially formed four exploration paths:The first category is represented by payment technology and infrastructure platforms like Stripe. The second category is represented by cryptocurrency companies such as Circle and Coinbase, which mainly rely on stablecoins and their wallet systems, using cryptocurrencies as a payment medium to directly support automated payment scenarios between machines. The third category is represented by traditional payment networks like the two major card organizations (Visa, Mastercard). The fourth category consists of AI platform companies such as Google and OpenAI.

According to Jinshi reports, the main theme of this week's market is dominated by changes in expectations regarding Federal Reserve policy. After Federal Reserve Chairman Waller's speech on Friday, the dollar quickly surged, closing at 99.69, up 0.85% for the week. Against the backdrop of rising U.S. Treasury yields and a stronger dollar, gold faced overall pressure, falling 3.24% for the week; spot silver dropped 3.82% this week.Here are the key points the market will focus on in the new week (all in Beijing time): Monday is pending, the G20 finance ministers and central bank governors meeting will be held until September 1; Tuesday at 17:00, Eurozone August CPI data; Eurozone July unemployment rate; Tuesday at 22:00, U.S. August ISM Manufacturing PMI, U.S. July JOLTs job openings, U.S. July construction spending month-on-month; Tuesday is pending, the 2026 SCO member states heads of state council meeting will be held; Wednesday at 20:15, U.S. August ADP employment change; Wednesday at 22:00, U.S. July factory orders month-on-month; Thursday at 02:00, the Federal Reserve will release the Beige Book on economic conditions; Thursday at 16:00, Eurozone August Services PMI final value; Thursday at 17:00, Eurozone July PPI month-on-month; Thursday at 20:30, U.S. initial jobless claims for the week ending August 29, Federal Reserve Governor Waller will be interviewed; Friday at 03:00, 2026 FOMC voting member Harker will deliver an opening speech at the "Federal Reserve Community" event; Friday at 20:30, U.S. August unemployment rate, U.S. August seasonally adjusted non-farm payrolls, U.S. August average hourly earnings year-on-year and month-on-month.The highlight of next week's data will be the U.S. August employment report on Friday. This report is the last employment data before the September 16 interest rate meeting and is a key window to assess the policy path after Waller's hawkish stance. Previously, Nvidia's strong performance and an expected revenue growth of about 70% for the next fiscal year have reignited enthusiasm for AI trading. Dell (DELL.O) will release its second-quarter earnings report after the market closes on Tuesday (September 1), with the market expecting an adjusted earnings per share of $4.91, more than doubling from the same period last year. Broadcom (AVGO.O) will release its third-quarter earnings report for fiscal year 2026 after the market closes on Wednesday (September 2).

According to Nick Timiraos, a reporter for the Wall Street Journal, known as the "Fed's megaphone," in his latest article, Federal Reserve Chairman Kevin Walsh will face a core issue during his first major speech this week in Jackson Hole: whether the persistently high inflation in the United States is caused by one-time shocks such as tariffs and wars, or if the economy itself is still overheating.This judgment will directly determine the direction of interest rates and is currently the biggest divergence within the Federal Reserve. In the July meeting, three officials supported a rate hike, while other officials indicated the possibility of further tightening policies, but Walsh has not made a clear statement. Since taking office, he has deliberately reduced policy guidance, and now both the market and his Federal Reserve colleagues are waiting for him to systematically explain his judgment for the first time.The key to Walsh's term ultimately depends on how he explains why the previous policies failed to bring inflation back to 2%. If the policies of lowering interest rates and supporting employment over the past two years were fundamentally wrong because the labor market is actually stronger than the Federal Reserve judged, then Walsh needs to push for a reversal of interest rate cuts. However, this would conflict with the previous demands from Trump and Bessenet for further rate cuts.

Franklin Templeton portfolio manager Sara Alagi stated that Nvidia investors are focused not only on the company's earnings report "exceeding expectations," but also on the specific details of the company's capital deployment and spending plans. She pointed out that Nvidia's expected price-to-earnings ratio for the next 12 months is about 21 times, and the market has priced in expectations of slowing growth. Nvidia needs to demonstrate earnings growth to prove that its free cash flow can be used for investments and stock buybacks.

Lisk announced that it is transforming into a modern funding operations platform aimed at financial teams. As part of this transition, Lisk Chain will gradually shut down, and the team has established an optional migration path to Celo for builders currently deployed on Lisk.In the relevant statement, Lisk introduced the key points of the migration arrangements to builders, emphasizing that this path is available for existing deployed projects to voluntarily choose in order to continue advancing their business during the shutdown process of the Lisk chain.

The head of Galaxy Research posted on platform X stating that the U.S. Securities and Exchange Commission has proposed the Regulation Crypto Assets, abbreviated as Reg Crypto. This proposal aims to establish a legal pathway for the issuance of certain tokens to the U.S. public and to set up a mechanism for terminating investment contracts. The scope is limited to crypto assets that are not themselves securities but have been issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements that bundle tokens with equity or other securities are not included in the framework.The proposal sets four stages: financing, disclosure, construction, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher exemption limit set by Regulation A allows for raising $20 million or $75 million within 12 months.Related financing must undergo qualification review by the U.S. Securities and Exchange Commission and continuous disclosure, with the investment cap for unaccredited investors being the greater of 10% of their annual income or net worth. Issuers must also disclose the token supply and release plan, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.When the issuer completes or permanently ceases relevant construction obligations, makes no new construction commitments, and submits a transition report, the related investment contracts will be deemed terminated, and the crypto assets will no longer be subject to securities laws under that investment contract. Issuers that do not use the above financing exemptions can also utilize this safe harbor. The U.S. Securities and Exchange Commission estimates that approximately 475 issuers will use the investment contract safe harbor each year, with about 130 issuers utilizing the two new exemptions. Qualified issuances may not be considered restricted securities and can be resold immediately without contractual restrictions.The proposal will also exclude initial offerings and certain secondary transactions within its scope from state registration and qualification requirements, but it does not involve exchanges, brokers, dealers, custodians, nor is it an independent innovation exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. U.S. Securities and Exchange Commission Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda have all issued supportive statements.

According to Bloomberg, AI pioneer Fei-Fei Li stated that the tech industry needs to better explain the value of artificial intelligence to the public and warned that the growing anti-AI sentiment in the United States could pose risks to global AI development. In an interview with Bloomberg, Fei-Fei Li mentioned that tech practitioners need to strengthen communication with the public to showcase the positive impacts that AI technology can bring.She pointed out, "If we do not demonstrate a positive attitude and a positive direction for development, everyone will be affected." The United States has significant influence in the global tech sector, and if the U.S. cannot show a "positive attitude and development path for AI," it will ultimately affect the entire world.

According to Finsmes, AI architecture development company Pathway announced the completion of a $30 million seed round financing, with participation from Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment, an investment institution under Wilson Sonsini. Databricks Chief AI Scientist Jonathan Frankle also joined as an angel investor.Pathway is developing the "Post-Transformer" architecture called BDH (Biologically-inspired Dynamic Hierarchy), aiming to address the limitations of current Transformer models that continuously rely on more data, GPUs, energy, and capital expansion. Unlike traditional large models that require periodic retraining, BDH can continuously learn with less data and achieve ongoing adaptation.It is reported that the company has appointed former Google DeepMind Gemini product head Adam Kurzrok as Chief Product Officer, responsible for the product direction based on the BDH model, including model packaging, evaluation systems, and commercial deployment.

Starknet announced that it has completed the quantum-resistant signature transfer test, where a wallet account using a quantum-resistant signature mechanism completed a real transfer on the Starknet mainnet, with a transaction fee of about 6 cents, and can be queried through the block explorer. This account is currently an experimental, unaudited version, mainly used for research testing. StarkWare stated that this transfer benefits from the design of the Starknet account model.Unlike most blockchains that fix the signature algorithm at the protocol layer, each account on Starknet is a smart contract that can autonomously define the accepted signature schemes, allowing users to upgrade their wallets from traditional elliptic curve signatures to quantum-resistant signatures without hard forks, asset migrations, or changing addresses. StarkWare pointed out that most blockchains face quantum computing risks because wallet signatures and underlying verification systems rely on elliptic curve cryptography. Once large-scale quantum computers appear, running Shor's algorithm could potentially break the related encryption systems. Currently, the Starknet ecosystem supports a quantum-resistant signature scheme based on Falcon-512, which is part of the NIST post-quantum cryptography standardization process, with relevant implementations promoted by ecosystem teams and organizations such as OpenZeppelin.

According to Bloomberg, informed sources revealed that the U.S. government department responsible for investigating violations of chip export controls is currently conducting a systematic review of how Chinese AI companies obtain advanced chips from Nvidia through legal means, focusing on their behavior of renting computing power in third countries. This move stems from recent technological breakthroughs achieved by Chinese AI companies, indicating that they still have the capability to acquire and use top-tier hardware despite U.S. export restrictions on chips to China. Analysts believe that this review may prompt the U.S. to further tighten regulatory rules on computing power leasing in third countries to close existing loopholes in the export control system.

Dongfang Harbor Chairman Dan Bin expressed his views this morning, stating that in July, the chip sector experienced a sharp decline and massive leveraged liquidations, but in the grand AI cycle, such a level of correction is both a necessary path and a sign of market health.The market has yet to fully understand the infinite demand potential of AI as an "intelligent" product. Concerns about capital expenditures from giants have echoed the early story of Amazon AWS, but the opportunities in AI are far greater. Funds are flowing back from low-quality tech stocks to high-quality targets, confirming the judgment of a "return of the king" by the end of 2026. Storage chips still face cyclical risks and high volatility, so it is advisable to wait for technical repairs, with a more optimistic view on fundamentally solid companies like Nvidia, Broadcom, and TSMC, as funds will flow more towards quality application layers.On the other hand, the business of hyperscale cloud providers is accelerating growth, with a large backlog of orders and an increasing growth rate, indicating that the previous punishment of capital expenditures was a misjudgment, and these investments will translate into certain future revenues. Looking ahead to August, the Nasdaq's rebound is expected to continue until Nvidia's earnings report, and the tech sector's rolling adjustment is nearing its end, with funds accelerating back into high-quality tech stocks.In terms of specific sector operations, it is currently not advisable to blindly chase high prices in the chip and storage (memory) sectors. However, investors can adopt a short-term band trading strategy of buying on dips until the storage sector completely emerges from its bottoming pattern on a technical level.

Strive's Vice President of Bitcoin Strategy Joe Burnett stated that the annualized rate of return (ARR) for Bitcoin's breakeven point is often misunderstood, and understanding this concept is crucial for grasping the market. He categorized global capital allocation to Bitcoin into three paths: Bullish Bitcoin - believing that Bitcoin will appreciate significantly, borrowing long-term funds at a cost of less than 20% to increase positions; Neutral Bitcoin (digital credit) - Bitcoin only needs to grow by 3.3% annually to permanently cover dividends through capital appreciation, such buyers only need to believe that Bitcoin will not disappear and will outpace inflation, which may have become a global consensus; Bearish Bitcoin - expressing a bearish view through shorting Bitcoin or amplifying Bitcoin.Burnett pointed out that these three paths correspond to three types of Bitcoin-linked instruments, allowing major global capital allocators to find allocation methods that match their worldview, which is precisely the path through which over a trillion dollars of capital is gradually flowing into the Bitcoin market.