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According to PRNewswire, Tom Lee, Chairman of the Bitcoin treasury company Bitmine, stated that during historical cryptocurrency bull market cycles, the ETH/BTC ratio typically rises as Ethereum's usage increases compared to Bitcoin, such as during the NFT boom of 2020-2021 and the stablecoins of 2025, both of which have been significant catalysts for the growth of Ethereum applications. In the next cycle, Wall Street's tokenization of assets and deployment on the blockchain, along with the use of Agentic AI on the blockchain, may further drive the ETH/BTC ratio higher.Since the third quarter of 2026, ETH has been the best-performing macro asset, outperforming the S&P 500 index by 5430 basis points as of last Friday; the three best-performing asset classes since June 30 have been ETH, BTC, and SOL, with cryptocurrency assets showing significant outperformance compared to other macro assets so far in the third quarter, which is expected to further attract institutions to increase their allocation to cryptocurrency assets.Tom Lee added that as we enter the last few months of 2026, the crypto market faces several positive catalysts, including the anticipated vote on the CLARITY Act in mid-September, South Korean investors re-entering the crypto market and shifting from AI stocks to cryptocurrencies, and what he believes will be a bottoming out of the "four-year cycle" in the coming weeks. These factors may pave the way for a large influx of institutional funds in the last few months of 2026.

The Research Institute of Financial Technology at Renmin University published a compiled article on stablecoin research in the Journal of International Money and Finance. The related research is based on large language model (LLM) agents analyzing the de-pegging risks of stablecoins, which indicates that the de-pegging of stablecoins has significant nonlinear and threshold characteristics. The arbitrage mechanism can absorb a certain degree of informational pressure, but when the severity of the narrative reaches a "critical threshold," the system may quickly enter a state of sustained de-pegging.

The founder of Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that since the significant rise of BTC on August 20, the market has not shown any obvious correction. We are still in the early stages of a bull market filled with distrust and skepticism, and many investors have a deep fear of a crash.The concentrated liquidation area near $76,000 below is larger than the area near $83,000 above. He believes that the market is more likely to reach the lower liquidation zone, and this "magnetic effect" is the main reason he sold all BTC positions at $82,000 the day before yesterday.

According to Onchain Lens monitoring, after Elon Musk replied to the SLINK post from Shivon Zilis's hacked account, multiple traders rushed into the token. Just four traders lost about $807,000. The market capitalization of $SLINK once soared to about $80 million, then plummeted to about $2 million, a drop of over 97% from its peak.

According to the Slow Fog Security Team, they have detected an attack activity disguised as a free VPS service, specifically targeting iPhone Safari browsers running iOS versions 18.4 to 18.6.2.The attackers exploited six vulnerabilities codenamed DarkSword to form a complete attack chain, covering aspects such as WebKit remote code execution, sandbox escape, and kernel read/write, allowing them to obtain App container files and keychain data without user awareness, and to record keyboard inputs when wallets like imToken, TokenPocket, or TronLink are in the foreground.The Slow Fog team stated that the aforementioned six vulnerabilities have now been patched by Apple, and the current attack belongs to the reuse of n-day vulnerability chains. Simply visiting a malicious page does not directly prove that mnemonic phrases or private keys have been stolen; confirmation still requires device forensics. iOS/iPadOS users are advised to upgrade their systems to version 18.7.3 or 26.3 and above as soon as possible.

OKX founder Star posted a reminder that depositing from high-risk addresses to OKX may trigger stricter anti-money laundering and risk reviews. Depending on the specific situation, the review may last for 15 days or even longer, and some account functions and funds may be restricted; for accounts confirmed to be involved in high-risk or illegal activities, OKX may terminate services.

According to Euronews, Taiwan's stock market surged by 59% in the first half of this year due to a spike in demand for AI hardware, with chip giants like TSMC being the main drivers. Driven by high return expectations, a large number of ordinary people borrowed money to enter the market through bank loans and mortgage properties, with the scale of margin trading increasing by nearly 20% compared to the first half of the year.Some investors have made substantial profits, such as Mr. Chen, a real estate practitioner, who borrowed 5 million New Taiwan dollars and quadrupled his assets within six months; however, others have suffered significant losses, with one anonymous user claiming to have invested over 10 million New Taiwan dollars (including 6 million in mortgage loans) and lost nearly half, even experiencing mental health issues.Taiwan's Financial Supervisory Commission stated that the overall credit risk remains within a controllable range and has released videos on social media to warn young investors about the risks of loan defaults.

The Chair of the Financial Stability Board and Governor of the Bank of England, Andrew Bailey, warned G20 finance ministers and central bank governors that cybersecurity threats posed by cutting-edge AI models are significantly increasing the risk of a financial system collapse. Bailey stated that the global financial system is already strained due to energy-driven inflation pressures, a high interest rate environment, and rising investment leverage, and that the involvement of AI risks will exacerbate this pressure.Bailey pointed out that financial institutions and tech giants must prepare for extreme scenarios, as existing financial defense systems will face severe tests if there are synchronized disruptions involving multiple institutions or shared technology dependencies. He mentioned that models tested by labs such as Anthropic and OpenAI have demonstrated the ability to simulate attacks on external organizations and create false identities, and he suggested developing bare-metal backup systems that are completely physically isolated from the main network.Bailey also listed threats that could trigger disorderly market adjustments, including the fragile state of stock market valuations driven by the AI boom, weakness in the sovereign debt market and private credit sector, and investors continuously increasing leverage in the stock market.

Chairman of Bitmine, Tom Lee, recently stated in an interview with the "Milk Road Show" that asset tokenization and AI intelligent finance will become the core narratives of the cryptocurrency market in the next five years. Ethereum is expected to become the underlying settlement layer of the global financial system, and currently, ETH is still severely undervalued relative to BTC.Tom Lee believes that in the remaining time of 2026, ETH may be driven by four major catalysts: the U.S. "Clarity Act" is expected to pass in September, the return of off-exchange short sellers and hesitant funds, the reallocation of crypto assets by Asian funds, and global institutional fund managers chasing top-performing crypto assets under quarterly performance pressure. He predicts that the ETH/BTC exchange rate is likely to return to the historical high of 0.08. Even if it conservatively recovers to 0.04, if BTC reaches $150,000, the corresponding price for ETH will also reach $6,000. Tom Lee also emphasized that Bitcoin still has long-term upward potential, but the larger narrative for the cryptocurrency industry in the next five years will be the "super cycle of comprehensive asset tokenization" and "AI intelligent finance."

The Taiwanese prosecutors stated that they are investigating the global leading chip substrate and printed circuit board manufacturer, Unimicron Technology Corporation, which is a key supplier for NVIDIA, Intel, Google, and Amazon. The investigation targets the company for allegedly mislabeling parts made in China as being produced in Taiwan, which may violate laws prohibiting the laundering of origin.Unimicron Technology Corporation is one of the world's top printed circuit board manufacturers, and this investigation occurs against the backdrop of the United States cracking down on transshipment.

According to The Verge, Sony Music Publishing and Warner Chappell Music have filed a lawsuit against Anthropic in the U.S. District Court for the Northern District of California, seeking damages for "tens of thousands" of copyrighted works. They accuse Anthropic of illegally downloading, scraping, and distributing copyrighted works on a large scale to develop and train the Claude series of AI models. The plaintiffs are seeking up to $150,000 in damages for each work and an additional claim of up to $25,000 for each instance of removing identifiable copyright data.In addition to suing Anthropic, the lawsuit also names co-founders Dario Amodei and Benjamin Mann as individual defendants. The lawsuit alleges that Mann used BitTorrent to download over 5 million pirated books, and that employees downloaded at least 2 million from Pirate Library Mirror. The complaint also claims that Anthropic scraped lyrics from websites such as MusixMatch and LyricFind. Recently, Anthropic reached a $1.5 billion settlement with the publishing industry over another lawsuit, while also facing multiple lawsuits from Universal Music Group, Concord, and ABKCO, as well as lawsuits filed by BMG and Round Hill Music.

Messari researcher Anastasiia stated that the new version of Ethena's fee switch is proposed to trigger based on the 14-day average supply of USDe, gradually increasing the revenue extraction ratio at thresholds of $7.5 billion, $10 billion, $15 billion, and $20 billion, and redirecting part of the revenue originally used for sUSDe staking, partners, and Aave leveraged operations towards ENA buybacks.Backtesting shows that during the activation of the switch, the annualized buyback scale is approximately $52.7 million, equivalent to 3.36% of ENA's market cap at the reported price; at the same time, about 9.3% of activation days will cause the yield of sUSDe to fall below that of sUSDS.The Ethena Foundation released four ecological adjustments, including the launch of a buyback ENA governance proposal and the cancellation of monthly VC unlocks.

According to the Wall Street Journal, some Nvidia employees have expressed concerns to current and potential customers, stating that the project may trigger antitrust scrutiny.

Jing Tian Studio issued a solemn statement: "Reputation is the life of an artist and also their Achilles' heel. But we have the courage to say no to the extortionate behavior that threatens the reputation of artists. Upholding the principle of believing in the law and following legal procedures, we have no intention of occupying public resources, and we will leave everything to the court to handle. Apart from announcing the progress of our rights protection, we will not respond to other issues."

According to Cointelegraph, the SEC has released proposed rules for the "Regulation Crypto Assets," setting two exemptions for specific investment contracts involving crypto assets: allowing startups to raise up to $5 million in a one-time financing within four years; and allowing qualified issuers to raise up to $75 million within any 12-month period, with the possibility of conducting different rounds of issuance in subsequent years.Drew Hinkes, a partner at Winston & Strawn, stated that as long as each round of financing is an independent issuance, projects could theoretically raise $75 million every 12 months. Lilya Tessler, head of Sidley's fintech and blockchain practice, noted that subsequent financing is not automatically approved; issuers must resubmit offering documents, undergo SEC staff review, continuously submit annual and semi-annual reports, and disclose funds raised through the exemption in the past 12 months to confirm they have not exceeded the financing cap. The proposed rules also limit the participation scale of non-qualified investors, with their purchase amount not exceeding 10% of the higher of their personal income or net worth.Lee Reiners, a financial regulation expert at Duke University, indicated that the limited first-round cap may make early token allocations more attractive, but the rule is unlikely to replicate the ICO boom of 2017. Among projects that raised funds through ICOs from 2017 to 2019, as many as 90% ultimately failed.The SEC expects that approximately 130 issuances per year will utilize the above two exemptions, with about 475 issuers potentially using a broader investment contract safe harbor. The proposed rules will provide token issuers with a clearer path for financing in the U.S. compared to the current system, but secondary market trading may still exist in a gray area of securities attributes. The proposal stipulates that investment contracts related to crypto assets may continue to trade in the secondary market along with token transfers until the asset is separated from the issuer's statements or commitments.Drew Hinkes stated that if non-security tokens transfer investment contracts from seller to buyer, such transactions may still be considered securities transactions, impacting trading platforms. Lee Reiners also mentioned that some issuers may meet the formal requirements for exemptions but still influence token value through team management efforts, concentrated insider holdings, and aggressive promotion.

Renowned trader Killa stated that from a high time frame structure perspective, there is about an 80% confidence that the bottom for Bitcoin has formed. However, strictly according to technical confirmation standards, the current trend has not yet completed its reversal, as BTC has not yet reclaimed and stabilized above the $83,000 high on a weekly basis.$83,000 is a key position for confirming a substantial trend change. If Bitcoin breaks through and gains market recognition above this range, traders should be cautious about blindly shorting subsequent rises, as shorts may face strong squeezes, pushing the price towards around $95,000. In the short term, he expects the market to remain volatile.

The Human Rights Foundation (HRF) announced a new round of funding exceeding 60 million satoshis (approximately $472,800) to 16 projects worldwide through its Bitcoin Development Fund, with the funded projects distributed across Africa, Asia, and Latin America. These grants aim to strengthen the Bitcoin protocol, expand the practical use of Bitcoin, and provide secure communication and community infrastructure for dissidents. This is HRF's second round of funding in 2026, following the organization's announcement in April to support 26 projects.The funded projects cover multiple areas. In terms of Bitcoin payments, BitSpenda plans to expand its mobile currency to a Bitcoin bridging tool to reduce cross-border transfer costs in Africa; Project Island Resilience, based on Jamaican developer Dread's Flash wallet, plans to add offline payment features using Bluetooth, NFC, and ecash; Bitzed helps Zambian users purchase Bitcoin directly through mobile currency. In Bitcoin development, Libbitcoinkernel, Floresta, BDK-Dart, and WalletScrutiny focus on reusing core code, lightweight nodes, cross-platform wallet tools, and wallet auditing, respectively.In the Nostr ecosystem, projects such as Vector, Flotilla Chat, OpenAlert, and 0xchat received support to provide censorship-resistant encrypted communication tools.

According to CoinDesk, a price fluctuation of about 3% in tokens on the lending platform Morpho triggered approximately $36 million in liquidations. The incident was caused by a wallet that bought a large amount of the yield token YT-reUSD issued by Pendle, pushing the implied annual yield up to 20% before quickly selling it, resulting in a price drop of about 3% for the corresponding principal token PT-reUSD.Previously, some traders deposited PT-reUSD into Morpho, borrowed stablecoin USDC, and then bought more PT-reUSD in a circular operation, leaving less than 3% of liquidation buffer space for leveraged positions. Morpho uses oracle prices, taking the lower value between the average trading price of PT-reUSD over the past 15 minutes and a fixed path that gradually approaches $1 at maturity. Liquidation is triggered when the market price falls below this curve. Pendle stated that the price source configuration is correct and operates as designed.Steakhouse Financial, responsible for managing the related lending market, stated that its lenders in the treasury were unaffected, with no bad debts incurred, and the proceeds from the liquidation were sufficient to repay the loans. After withdrawing funds during the investigation, Steakhouse reinvested, and the underlying asset reUSD was unaffected.