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According to the official announcement, Gate has officially launched SOL and XRP event contracts, simultaneously opening multi-cycle rise and fall trading channels. Users can log into the Gate App or the official website and enter the event contract section in the contract area to participate.Event contracts focus on rise and fall prediction trading, requiring no complex parameters such as leverage or margin, making the operational threshold low. The product covers four types of short cycles: 5 minutes, 15 minutes, 1 hour, and 4 hours, currently supporting four major cryptocurrencies: BTC, ETH, SOL, and XRP. Users only need to predict the rise and fall of the asset during the corresponding period, choose to place a bullish or bearish order, and the system will automatically settle at the end of the cycle. Positions can also be closed early for flexible profit-taking and loss-cutting.

On August 11, the Binance contract platform launched four U-based perpetual contract trading pairs, including Kuaishou (KUAISHOUUSDT), Meituan (MEITUANUSDT), as well as the Southern Eastern SK Hynix Daily Leverage (2X) product (CSOPSKHYNIX2LUSDT) and the Southern Eastern Samsung Electronics Daily Leverage (2X) product (CSOPSAMSUNG2LUSDT). The Kuaishou and Meituan contracts support a maximum leverage of 20 times, while the two Korean semiconductor ETF products support a maximum leverage of 10 times, with a funding rate cap of ±2%, settled every eight hours, supporting a multi-asset model.Among them, CSOPSKHYNIX2LUSDT tracks the Southern Eastern SK Hynix Daily Leverage (2X) product listed on the Hong Kong Stock Exchange (code 7709), and CSOPSAMSUNG2LUSDT tracks the Southern Eastern Samsung Electronics Daily Leverage (2X) product (code 7747), corresponding to the two major storage chip giants SK Hynix and Samsung Electronics with double long exposure. This is Binance's further expansion in the field of traditional asset perpetual contracts, bringing Hong Kong stocks and Korean tech stock leverage products into the crypto derivatives market. Binance reminds users that digital asset prices are highly volatile, and contract trading carries high risks; investors must bear the related risks themselves.

He Yi posted on the X platform stating that he will not contact users via email, Instagram, or LinkedIn. Although he serves as an official administrator for Binance in some Telegram groups, he will not send private messages to any Telegram accounts. For public communication, please contact through this X account or the Binance Square account, and be wary of scams impersonating Binance staff.

According to the latest data from RootData's tokenized asset dashboard, the top three exchanges ranked by TradiFi asset contract OI size are Binance, Hyperliquid, and Gate.Binance ranks first with an approximate contract OI of $3.5 billion, holding a market share of 39.5%. Hyperliquid ranks second with an approximate contract OI of $2.07 billion, holding a market share of 23.4%. Gate ranks third with an approximate contract OI of $1 billion, holding a market share of 11.4%. The combined market share of the three is approximately 74.3%.It is reported that this TradiFi asset statistics only include contract and tokenized native asset types in cryptocurrency, excluding traditional stock brokerage data.

Bitget's latest data shows that in July, the platform's TradFi contract trading volume exceeded $100 billion, with a single-day peak trading volume reaching $10 billion, reflecting the growing demand from global users for trading traditional financial assets in the crypto derivatives market.As the core growth engine of the TradFi sector, Bitget's stock perpetual contracts demonstrate a high market penetration rate. Currently, about one in every three contract trades on the platform comes from stock perpetual contracts. As of the time of writing, Bitget has supported 272 popular US stock and ETF contract targets.

According to a report by Reuters, influenced by multiple factors such as the tense Sino-U.S. relations, China's push for domestic software alternatives, and U.S. export controls, Microsoft has closed at least 15 branches and joint ventures in China over the past five years, executing a strategic contraction. In 2023, the company internally considered exiting the Chinese market, as some executives believed that "the geopolitical risks outweighed the limited economic returns," but ultimately did not proceed with the exit. Microsoft disclosed in 2024 that its business in China accounted for only about 1.5% of its global revenue.The report states that Microsoft's final decision to remain in China was primarily due to the establishment of a profitable path—providing Azure cloud and AI services to Chinese companies like ByteDance and Shein, helping them operate compliantly in overseas markets. Additionally, the company believes that retaining its business in China remains strategically significant for acquiring engineering talent. However, analysts question the sustainability of this AI business model: the service relies on third-party models like OpenAI, and Chinese companies are increasingly adopting domestic alternatives like Kimi, which offer comparable performance at lower costs.Microsoft's research and development presence in China is also contracting. Its predecessor, Microsoft Research Asia, has successively established new labs in Vancouver, Singapore, and Tokyo. In 2024, the company offered job opportunities to 1,000 top engineers to relocate to the U.S. and three other countries, but only about one-third accepted, with most senior engineers moving to domestic universities and tech companies. A Microsoft spokesperson responded that the company will continue to commit to the Chinese market but did not comment on specific decision details. ByteDance and Shein did not respond to related inquiries.

According to the official announcement, Bitget has launched the ANET (Arista Networks) stock perpetual contract. This contract is settled in USDT, supports up to 20 times leverage, and is available for trading 24/7. So far, Bitget supports a total of 272 stock perpetual contracts.

According to monitoring by Catcher Predict, in the event "Clacton By-Election: Farage's Vote Share" on the prediction market Polymarket, the "Yes" option in the sub-market "Farage 60--70%" has experienced significant fluctuations in winning probability, soaring from 28.85% an hour ago to the current 67.75% (a fluctuation of 38.9%). Please note the impact of related breaking news.

Citigroup CEO Jane Fraser stated that although she remains concerned about how the CLARITY Act handles the rewards mechanism for stablecoins, overall, she hopes the bill will pass and believes it will benefit the financial system. Fraser indicated that Citigroup is still pushing for improvements to the bill.Fraser pointed out that if stablecoin platforms can offer rewards for user deposits, it may lead to a loss of deposits in traditional banks, thereby weakening banks' ability to provide loans and credit services in certain regions of the United States. Currently, the bill stipulates that platforms cannot offer rewards solely for users holding stablecoins, but they can provide rewards for trading and payment activities. This issue remains at the core of the controversy between the banking industry and the cryptocurrency sector as the bill progresses.

According to monitoring by Catcher Predict, in the event "Clacton By-Election: Farage's Vote Share" on the prediction market Polymarket, the "Yes" option in the sub-market "Farage 80%+" has experienced significant fluctuations in winning probability, plummeting from 48.5% an hour ago to the current 30.5% (a fluctuation of 18%). Please note the impact of related breaking news.

Neutrl announced on the X platform that it has temporarily suspended minting, redeeming, and other protocol functions due to circumstances affecting the protocol's reserves.The team stated that this measure was taken in the interest of users upon the advice of legal counsel, aiming to maintain an orderly process during the assessment of the impact. Users will receive clear follow-up arrangements at the appropriate time, and information regarding the timeline and next steps will be announced as soon as possible.

According to BeInCrypto, a Bitcoin user paid a fee of 1.6 BTC (approximately $102,800) in block 962,142 due to an automated script going out of control, while the actual transfer amount was zero. The automated script run by the user enabled the Replace-by-Fee (RBF) feature, automatically increasing the fee bid every second, ultimately depleting the entire balance in the wallet.The mining pool SpiderPool mined this block and reaped this unexpected profit, with the fee accounting for 88% of the total fees for that block (approximately 1.82 BTC).

Bitget's latest data shows that approximately one out of every three contract trades on the platform comes from stock perpetual contract trading. As of now, Bitget supports a total of 271 stock perpetual contracts.Previous data indicated that Bitget's monthly trading volume for stock perpetual contracts in July reached $85.445 billion, with a single-day peak trading volume of $6.674 billion; during the same period, the monthly trading volume increased by 30.6% month-on-month, the number of traders increased by 31.4% month-on-month, and the number of trades increased by 130% month-on-month. Multiple trading indicators have shown steady growth.

According to Gate market data, Virgin Galactic fell 12% in pre-market trading after its second-quarter results failed to meet market expectations.

The Binance contract platform will launch multiple U-based TradFi perpetual contracts on August 14, including ZHONGJIUSDT, SAMSUNGEMUSDT, HANMIUSDT, LGELECTRONICSUSDT, NAVERUSDT, and KODEX200USDT.The launch times for each contract will be from 10:00 to 10:25, with a maximum leverage of 20 times.

According to Harmony monitoring, Harmony stated that it is advancing the rollback plan and has reached an agreement with validators and exchanges on the specific path. The minting vulnerability fix has been activated, and a complete list of attacker wallets will be announced soon.Previously, the number of ONE tokens abnormally minted on the Harmony network had exceeded 30 trillion, involving 6 abnormal blocks.

Bitget launches a crypto & TradFi contract trading competition, running from August 12 to August 22, with a total prize pool of 50,000 USDT. During the event, users can trade designated crypto and TradFi contracts to earn chances to win in a blind box lottery. The prize pool includes rewards in popular tokens such as rSNDK, XAUT, HYPE, as well as experience vouchers worth up to 1,000 USDT.In addition, the event features a trading volume ranking competition. The top 1,000 users by trading volume who have a cumulative trading volume of at least 10,000 USDT can share a prize pool of 30,000 USDT, with the first place on the leaderboard receiving 3,000 USDT. For more details, please refer to the official Bitget platform.

The Gate stock derivatives section will launch on August 13 at 14:00 (UTC+8) with perpetual contract trading for MO (Altria Group), CIFR (Cipher Mining), NET (Cloudflare), VRTX (Vertex Pharmaceuticals), BIIB (Biogen), CLSK (CleanSpark), and REGN (Regeneron Pharmaceuticals) (settled in USDT), supporting 1-20x leverage.

Derek Chiang, founder of ZeroDev and former employee of Offchain, announced his joining of Ethlabs, stating that he will focus on promoting Ethereum technologies such as real-time proofs, light clients, and fast confirmations into practical products and commercial scenarios.He mentioned that the current adoption of many underlying Ethereum technologies is still significantly lagging behind their potential, for example, some cross-chain bridges still rely on multi-signature verification for L1 deposits; he hopes that Ethlabs will become a market force for the implementation of Ethereum technologies, persuading developers to adopt them through technical and product advantages rather than just ideology.