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DeFi researcher Ignas stated that Robinhood previously set a record of over $6 million in daily transaction fees, with about 10% flowing to Arbitrum, while the revenue ultimately distributed to Ethereum L1 was "pitifully small."Ignas believes that this model may not be entirely unacceptable. Just as Uber initially used subsidies to achieve growth, Ethereum might attract traditional financial businesses into its ecosystem through L2 and gradually increase "rent" after a high conversion cost is established in the ecosystem. However, if Ethereum developers can formulate a clear strategy to first attract more L2 and then monetize once the conversion costs are sufficiently high, this could actually become a favorable long-term business model for L1. Yet, there is currently no clear strategy seen in Ethereum's roadmap, and he questioned, "Am I misunderstanding?"

According to monitoring by Lookonchain, the 6000 BTC lost by Irish drug dealer Clifton Collins due to a lost private key has been transferred again, with 500 BTC moving to Coinbase Prime, valued at 39.56 million USD.

The Irish National Police (An Garda Síochána) reported that during a special operation against organized crime in the Galway area, police searched two properties and froze two cryptocurrency accounts worth approximately $900,000 in total. In addition, the police also froze a bank account containing €25,000 (approximately $29,100), and seized €9,300 in cash and drugs valued at approximately €18,300 (including amphetamines and cannabis).A man in his 40s involved in the case has been arrested and charged, and the investigation is ongoing.

Stablecoin issuer Tether entered Uruguay in May 2023, planning to engage in sustainable Bitcoin mining and invest in energy production with local licensed companies. The project has two mining sites in the Florida province, with an estimated investment of 60 million USD each, totaling approximately 120 million USD.Uruguay's state-owned electricity company UTE had a disagreement with Tether regarding the electricity supply contract amount. Tether's Uruguayan entity Microfin stopped paying electricity bills in May 2025 and notified of its intention to terminate the contract in June; on July 25, UTE cut off power to the mining site, with Microfin owing nearly 5 million USD and monthly electricity costs of about 2 million USD.On November 25, 2025, Tether notified the Uruguayan labor department of its cessation of operations, with 30 out of 38 local positions being eliminated. UTE stated that Microfin had settled its debts by December; in 2025, 98% of Uruguay's electricity generation came from renewable energy.

According to the Financial Associated Press, Nvidia will announce its Q2 2027 financial report after the US stock market closes on August 26. Goldman Sachs expects strong performance with potential upward revisions in guidance, but notes that the stock price has already surged since August, with an increase of over 12% in the past two weeks, suggesting that the good news may have already been priced in, making it difficult for excellent performance to boost the stock price. Goldman Sachs' EPS forecasts for Nvidia in Q2 and Q3 are 6% and 12% higher than Wall Street's consensus expectations, respectively, with a target price of $285, which is still slightly below the market average.Goldman Sachs believes there is room for revaluation in the valuation, provided that the profitability of large-scale cloud vendors improves to support capital expenditures, Nvidia maintains caution on its customer financing platform to alleviate concerns about supplier circular financing, and continues to advance large-scale buybacks and dividends. Investors will focus on details of the customer financing platform in the earnings call, progress on the Vera Rubin platform, gross margins and raw material costs, CPU demand driven by AI agents, and the competitive landscape in the industry.Goldman Sachs points out that while GPU demand is strong, there is still a risk of a pullback, and the difficulty of "exceeding expectations and raising guidance" increases each quarter, raising doubts about whether cloud vendors can continue to ramp up capital expenditures. Earlier this month, Nvidia, in collaboration with Apollo, BlackRock, Blackstone, Goldman Sachs, KKR, and others, established a financing platform for AI computing infrastructure, aiming to leverage over $500 billion in third-party capital; concerns about circular financing are rising in the market, and the company needs to release more substantial new information, or else the stock price is more likely to decline rather than surge after the earnings report.

According to Cointelegraph, ARK Invest founder Cathie Wood stated that analysts focused on Visa and Mastercard fail to understand the disruption brought by Circle, even though Circle has risen 84% since its IPO.

According to a report by Reuters, Tether's Bitcoin mining project in Uruguay has ultimately come to a halt due to a power supply contract dispute with the local state-owned electricity company UTE, with an estimated investment scale of about $120 million. The two parties have differences regarding the contracted power supply amount, with Tether believing the relevant figure is the minimum guaranteed supply, while UTE considers it the maximum supply limit.Due to the failure to sign a new agreement and overdue electricity payments, UTE cut off power supply to two mining sites on July 25, 2025. Tether subsequently ended its local operations and laid off most of its employees. The Uruguay project was seen by Tether as the "first step" into the South American Bitcoin mining market. However, Tether continues to expand its regional energy and mining layout, having previously acquired a 70% stake in the renewable energy company Adecoagro and plans to utilize its remaining electricity for Bitcoin mining.

According to the Associated Press, drug enforcement agencies from Cambodia and the United States announced on Friday that they have dismantled a cryptocurrency money laundering network utilized by the Sinaloa drug cartel from Mexico.The operation was conducted in collaboration between Cambodian drug enforcement police and the U.S. Drug Enforcement Administration, seizing approximately $7 million in cryptocurrency related to the Sinaloa drug cartel, arresting multiple individuals, and confiscating assets, drug production laboratories, and storage facilities.

According to a report by Reuters, Tether has ceased its Bitcoin mining operations in Uruguay as of 2025. Documents and sources indicate that the project was ultimately abandoned due to a misunderstanding between Tether and the Uruguayan national electricity company UTE regarding the terms of power supply.Tether believed the contract stipulated a minimum power supply that could be adjusted, while UTE viewed it as a maximum quota that could not be exceeded.

IREN Co-Founder and Co-CEO Daniel Roberts stated that each new AI data center will further increase rather than decrease AI demand.Roberts believes that simply comparing the current AI infrastructure cycle to past technology booms is misleading. More powerful AI requires more computing power, and lower-cost AI will drive more users and applications to use AI.He pointed out that each leap in AI capabilities creates a large number of new application scenarios that did not exist before, so demand can grow rapidly at the pace of software development, but the supply of computing power cannot expand at the same speed.The construction of computing power infrastructure is limited by real-world conditions such as power access, transmission lines, concrete, steel, and construction personnel, making it difficult to quickly increase the speed of supply expansion.Roberts stated that in past technology boom cycles, technological advancements often helped the supply side catch up with demand, but the current AI technology itself is driving demand to grow exponentially, while the speed of infrastructure construction in the real world struggles to keep up.

According to CoinDesk, the tokenized asset company Ondo Finance is embroiled in a corporate control dispute following the death of founder Nathan Allman this year. The estate has filed a lawsuit in the Delaware Chancery Court, accusing former president and current CEO Ian De Bode of improperly attempting to seize control of the company while the estate certification process is not yet complete and the company's voting rights are temporarily suspended. The three legal documents request the judge to determine who legally controls Ondo Finance and to prohibit the company from taking significant actions until the governance dispute is resolved.According to the complaint, Nathan Allman was the CEO, sole director, and controlling shareholder of Ondo at the time of his death, and his voting rights could not be exercised until his mother, Kathleen Allman, was formally appointed as the estate representative through the Hawaiian probate process on June 26. The estate alleges that De Bode claimed to automatically become CEO and appointed himself as the sole director before this, taking actions such as hiring consultants and approving performance grants.After obtaining the voting rights, Kathleen Allman voted to remove De Bode from all positions and appointed herself as chairwoman and interim CEO during the board meeting on July 24. De Bode responded that he regretted the lawsuit filed by Allman, stating that her claims lack basis, and that the company still has the support of major investors and key stakeholders such as the Ondo Foundation. The court has not yet ruled on the related allegations, and the aforementioned documents only reflect the statements of the estate.

According to CNN, U.S. Democratic Senators Elizabeth Warren and Richard Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to investigate the Meme coin TRUMP issued by Trump, to confirm whether the project involves fraud or improper profit-making. In a letter to SEC Chairman Paul Atkins, the two stated that the Trump Meme coin project "may constitute an illegal scam" and urged the regulatory agency to investigate whether the token involves "illegal fraudulent activities or facilitates improper profit acquisition."Reports indicate that Trump launched his personal Meme coin TRUMP just days before his inauguration in 2025. After the token went live, its price surged, reaching a market value peak of approximately $9 billion on January 19, 2025, but then plummeted significantly. Currently, the market value of the token has fallen to less than $400 million, a decline of over 95% from its peak. According to data from the cryptocurrency data platform CoinMarketCap, investors who bought at the high are currently facing about a 97% loss. Blockchain analytics firm Nansen previously cited data showing that by the end of June, nearly 1 million investors had incurred losses due to this Meme coin, with total losses amounting to approximately $3.8 billion. About 80% of the supply of the Trump Meme coin is held by entities related to the Trump Organization. Trump has previously stated that he complies with the law and allows his family to manage personal financial matters.Elizabeth Warren and Richard Blumenthal emphasized in their letter whether the project is similar to a Rug Pull in the cryptocurrency industry. They believe that even if it is not a traditional sudden withdrawal scam, it may still fall under a "soft pull" that leads to investor losses through a gradual withdrawal of market support. The SEC has not yet commented on this matter.

According to the Korea Herald, in order to combat drug trafficking using virtual assets, the South Korean police have established a specialized virtual asset tracking and investigation team consisting of 41 members, and have intensified investigations into drug sales networks on platforms such as Telegram since August 3.In the first half of this year, South Korea conducted large-scale crackdowns from March to June, arresting a total of 5,203 drug offenders and detaining 1,039 individuals; compared to the same period last year, the number of arrests increased by 94 (an increase of 1.8%), and the number of detentions increased by 75 (an increase of 7.8%).

The Narcotics Control Bureau (NCB) of India dismantled the dark web drug network Team Kalki. Binance and the Data Security Council of India (DSCI) provided blockchain analysis and wallet tracking to assist investigators in tracing cryptocurrency flows, identifying associated wallets, and freezing relevant crypto assets.Investigators stated that Team Kalki used the encrypted communication platform Session, the dark web forum Dread, and "dead drop" delivery methods to distribute drugs from international suppliers. Law enforcement seized thousands of drugs from domestic and international packages associated with the network. S.B. Seker, head of Binance Asia Pacific, stated that the transparent infrastructure of blockchain enables law enforcement to more effectively track and investigate illegal transactions. Binance CEO Richard Teng posted on X that Binance and DSCI are assisting the NCB in combating this dark web drug network by tracking on-chain fund flows.

The Brazilian Federal Police are cracking down on a drug trafficking gang that has been laundering money through cryptocurrency in Operation Commodity. Since 2021, the gang has smuggled over 6.5 tons of cocaine to Europe via the Port of Rio de Janeiro, with the drugs hidden in shipments of coffee, cement, and mortar.The operation covered São Paulo, Minas Gerais, Santa Catarina, and Espírito Santo, with police executing 13 preventive arrests and 44 search and seizure warrants. The court ordered the seizure of assets and the freezing of up to 1 billion reais, approximately 196 million dollars. Police stated that the gang is linked to Primeiro Comando da Capital (PCC) and Comando Vermelho (CV), and laundered money through a luxury car dealership and shell companies in the Greater São Paulo area, with the dealership selling vehicles such as Ferrari, Porsche, Corvette, and Land Rover.The individuals involved used shell companies to issue invoices lacking supporting documents, bringing drug trafficking proceeds into the Brazilian financial system and using cryptocurrency to conceal transactions. The suspects will be held accountable for charges including transnational organized crime, international drug trafficking, and money laundering.

On-chain analyst Specter issued a community alert on the X platform, indicating that the BNB Chain ecosystem project CodexField may have fraud and Rug Pull risks. The project has raised over $85 million with official support from BNB Chain.Specter tracked and found that the project wallet began transferring 17.3 million USDT from Tron to Ethereum, then exchanged it for DAI through Bitget Swap and transferred it to Polygon. Currently, $6.5 million has been transferred, while $10.8 million is still pending. The project operates two domain names and four subdomains for user deposits, and Blocksec MetaSuites has labeled the deposit contract as "Fake CodexField," but on-chain evidence shows that the contract is controlled by the project team. The flow of project funds is abnormal, as they are deposited into centralized exchanges through multiple chains and intermediary wallets, with just two Tron wallets having deposited over $3.4 million into exchanges. Specter calls on Binance founder Zhao Changpeng and BNB Chain to pay attention to this matter and possibly initiate an investigation.

According to Arkham monitoring, 500 BTC (approximately 30.85 million USD) was transferred about half an hour ago, and the funds are related to the address of Irish drug dealer Clifton Collins, who accumulated over 400 million USD in assets through Bitcoin, part of which was later seized by the police.Monitoring data shows that there have been multiple large movements of the related BTC funds recently:March 24: Approximately 35.44 million USD in BTC was seized by the Irish police and transferred to Coinbase Custody;May 19: Approximately 38.19 million USD in BTC was transferred to Wintermute / Binance related addresses; approximately 30.85 million USD in BTC was transferred to Coinbase Prime Custody.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $71,059.75 in the event "Uruguay vs. Spain," specifically targeting "Spain." Based on the current transaction price, the latest corresponding winning probability for this subject is 59%.