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The on-chain data visualization analysis platform Bubblemaps has issued a warning that the Meme coin XST, which is being heavily promoted on TikTok, has a high risk of supply concentration—74% of its total supply is controlled by a small group, exhibiting typical Rug token characteristics. The current market value of this token is approximately 70 million USD.Bubblemaps urges investors to stay away from such projects and to ignore similar content if seen on TikTok's recommendation page.In recent years, TikTok has become an important distribution channel for low-quality Meme coins, creating an illusion of credibility through AI-generated celebrity videos and false associations, combined with the token's concentrated holding structure, resulting in typical high-risk Rug tokens after the hype fades.

Tencent Holdings fell 4.46%, with a market value of 4 trillion Hong Kong dollars, approximately 3.44 trillion yuan. Changxin Technology's closing market value today is 3.5 trillion yuan, surpassing Tencent Holdings to become the largest listed company by market value in China.

The decentralized stablecoin USDD announced that it will add TRX exclusive rewards to Pendle's sUSDD market and simultaneously increase the base USDD rewards. The total reward for this event is 21,000 USDD and 12,000 TRX, along with PENDLE tokens worth approximately 30% of the total value of the aforementioned USDD and TRX. The event will take place from August 13th, 8:00 to August 20th, 8:00 (Singapore time).The official statement indicated that Pendle has integrated PT-sUSDD into the PT Looping module, allowing users to further connect to the USDC and USDT markets on the Morpho platform to expand their earning potential. At the same time, they are preparing for the renewal of the sUSDD market with Pendle, and specific arrangements will be announced separately.

According to bits.media, the Central Bank of Russia has included Bitcoin, Ethereum, and USDT in the list of cryptocurrencies approved for trading in the Russian market. This list is included in the draft guidelines for public consultation published by the Central Bank. The Central Bank briefly attributes the list to the standards set forth in the new Russian law: high market capitalization, high average daily trading volume, and at least five years of pricing history on overseas platforms.Non-professional investors can only purchase these three cryptocurrencies. The guidelines also set an annual purchase limit for non-professional investors: a maximum investment of 300,000 rubles per year through a single intermediary. Professional investors face fewer restrictions and can purchase any cryptocurrency offered on exchanges and over-the-counter markets without any limits. However, all investors, regardless of their status, must undergo mandatory testing before trading. Previously, Russian President Putin signed the "Digital Currency and Digital Rights Law" on August 4, establishing a regulatory framework for the circulation of cryptocurrencies, with relevant rules taking effect on September 1.

According to Gate market data, the Hong Kong stock market opened, with the Hang Seng Index down 0.6% and the Tech Index down 0.29%. Tencent Holdings (00700.HK) opened down 3.29% after its earnings report.

According to Fortune, Bank of America announced a $250 billion infrastructure investment plan on Wednesday, committing to invest in key infrastructure areas in the United States over the next year. The investment scope covers multiple fields including data centers and computing power, renewable energy generation, energy storage, natural gas, transmission networks, and critical minerals and mining, with the goal of supporting energy security, job growth, and economic competitiveness.

The Bank of England (BOE) has entered the second phase of the digital pound project, testing whether publicly issued stablecoins can operate in conjunction with central bank currency within a single payment process for trade finance.BOE will collaborate with NOBO Finance, Dun & Bradstreet, and Polygon Labs in the digital pound laboratory to explore the establishment of reusable credit profiles for small businesses and to study the use of stablecoins in conjunction with potential digital pounds in invoice factoring. The related experiments do not involve real customers or funds and aim to provide a reference for BOE and the UK Treasury to assess the interoperability of different forms of digital currency.

Tencent Holdings released its Q2 2026 financial report, with revenue of 204.79 billion yuan, a year-on-year increase of 11%, slightly exceeding market expectations; Non-IFRS net profit was 68.4 billion yuan, a year-on-year increase of 9%; profit attributable to equity holders of the company was 56.022 billion yuan, a year-on-year increase of 0.7%. Capital expenditure was 52.78 billion yuan, a year-on-year increase of 176%, far exceeding the market expectation of 32.14 billion yuan, mainly used for AI infrastructure investment. The free cash flow for the quarter was negative 13.8 billion yuan; excluding prepayments for AI computing power purchases, free cash flow was 37.6 billion yuan.In terms of business, value-added services revenue was 98.4 billion yuan, a year-on-year increase of 8%, with domestic game revenue at 47.3 billion yuan, a year-on-year increase of 17%, significantly contributed by "Delta Action," "Valorant," and "Lock Kingdom: World"; international market game revenue was 18.6 billion yuan, down 0.8% year-on-year due to exchange rate effects, but up 4% year-on-year when calculated at constant exchange rates. Marketing services revenue was 43.6 billion yuan, a year-on-year increase of 22%, making it the fastest-growing segment; financial technology and enterprise services revenue was 60.3 billion yuan, a year-on-year increase of 9%.Regarding AI products, the report specifically mentioned that WorkBuddy achieved rapid user growth and a healthy user retention rate, with strong user willingness to pay. Its market-leading position is attributed to its strong harness engineering capabilities, a rich selection of models, and an industry-leading skill library. The official version of Hy3 saw a more than 68-fold increase in usage in the week following its launch compared to the previous generation, consistently ranking among the top three globally in terms of OpenRouter token consumption, with plans for a larger parameter scale Hy4 to be released soon. The AI agent Xiaowei within WeChat has initiated a small-scale gray testing. Excluding the contribution from new AI products, Non-IFRS operating profit increased by 19% year-on-year to 86.1 billion yuan. By the end of the quarter, the company's net cash decreased from 146.9 billion yuan at the end of March to 58.2 billion yuan.

According to Bloomberg, former chief architect of Alibaba's flagship model, Lin Junyang, recently announced the establishment of a new company on the X platform, focusing on developing artificial intelligence agents for the digital and physical worlds.This comes less than six months after his unexpected departure from Alibaba. The company has received investment support from Tencent Holdings and several leading venture capital firms in China.

According to official news, Bitget C2C has officially launched the merchant ecosystem recruitment. This recruitment adopts a selective and invitation-based model, with dedicated business managers providing one-on-one access. The platform requires that applying merchants must be certified merchants from other platforms and have more than 180 days of industry experience; for senior high-level merchants, a "certificate direct upgrade channel" is open, allowing for direct upgrades to bulk merchants based on relevant certifications and transaction records, enjoying expedited review, 1V1 exclusive connection, and platform traffic exposure support.To accelerate ecosystem construction, Bitget has launched a dual incentive program. New merchants can receive a 100 USDT onboarding reward after completing specified tasks; existing merchants can receive up to 200 USDT referral rewards for each new merchant they successfully refer, with no limit on the number of referrals. The event will last until September 30 at 23:59 (UTC+8). For more details, please refer to the Bitget official platform.

According to Cointelegraph, Ravencoin was attacked due to a consensus vulnerability, causing the price to drop to a historical low of $0.002754, down about 22% from the 24-hour high. The vulnerability allowed weak nodes to accept invalid blocks, with the first known exploit occurring at block height 4,487,776.Mining pools 2Miners and RavenMiner, which control the majority of the network's hash power, are building a competing chain that excludes the affected branch. If this chain becomes dominant, the network may undergo a chain reorganization of about three days, and transactions confirmed after block 4,487,775 may be reversed. Ravencoin has advised exchanges to suspend deposits and withdrawals until the chain stabilizes, and Upbit and Bitget have already suspended RVN transfers.

According to Caixin's disclosure, Tencent, Zhenge Fund, Sequoia China, and other major shareholders of Manus previously repurchased Manus shares from Meta for $2 billion. This $2 billion transaction price is close to the acquisition price announced by the American social media tech giant Meta in December 2025. Benchmark was the largest shareholder before the acquisition but will not participate in this repurchase of Manus. Benchmark's previous shares will be acquired by Tencent, which will become Manus's largest shareholder. Currently, Manus is operating normally.Yesterday, Manus announced that it will soon resume independent operations. To complete this transition and meet regulatory requirements in some jurisdictions, affected users must complete data backups by 7:59 AM Singapore time on August 23 and begin data recovery from 8:00 AM on August 25 to ensure normal usage thereafter. Manus also stated that it is preparing a series of new features to further expand the capabilities of general AI entities and expressed optimism about the development prospects after the company resumes independent operations.

The Hong Kong stock market opened, with the Hang Seng Index down 0.6% and the Tech Index down 0.8%. Many gold stocks opened higher, while Tencent Music (01698.HK) opened down 11.41%. The company's total revenue for the second quarter was 8.93 billion yuan, a year-on-year increase of 5.8%, and it increased its buyback efforts to 400 million dollars.

ENS DAO has voted to approve the proposal "Next Era of ENS DAO" and completed on-chain execution, officially establishing the ENS Foundation to promote the ENS ecosystem into a new governance phase.According to the proposal, the ENS Foundation will become a fully operational organization, equipped with a full-time executive director, a professional team, and a board of directors consisting of 5 members, responsible for undertaking institutional work related to ENS in areas such as law, policy, standard-setting, and brand protection.ENS stated that over the past nearly ten years, ENS has developed into an important infrastructure within the Ethereum ecosystem, with millions of registered domain names, and has been integrated by numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks legal entity status, making it unable to effectively participate in the governance of the internet naming system, sign institutional cooperation agreements, hire full-time employees, maintain trademark rights, or engage in regulatory discussions. The establishment of the ENS Foundation aims to fill this gap. In the future, the foundation will be responsible for:Representing ENS in internet standard organizations such as ICANN, IETF, and W3C, promoting the recognition and management of the ".ens" top-level domain (TLD);Participating in policy discussions as a legal entity, communicating with regulatory agencies and government departments;Holding and protecting ENS trademarks and intellectual property, combating phishing and impersonation;Hiring full-time employees responsible for ecosystem operations, funding programs, and fund management;Becoming a formal cooperation entity between traditional institutions such as registrars and standard organizations and the ENS ecosystem.

According to Cointelegraph, the Central Bank of Russia has proposed a list of cryptocurrency assets that can be publicly traded, including Bitcoin, Ethereum, and Tether USDT. This proposal is based on a new law signed by President Putin on August 4, which authorizes the Central Bank of Russia to decide which digital currencies can enter organized trading and to formulate relevant rules.According to the proposal, the annual limit for non-qualified investors to purchase cryptocurrencies through brokers, cryptocurrency exchange services, or asset management institutions is 300,000 Russian rubles; qualified investors, on the other hand, are not subject to purchase limits. The Central Bank of Russia also requires that all investors complete a risk assessment and understand the risks of investing in cryptocurrency assets before trading. The proposal is open for public consultation until August 24.

TRON DeFi Summer S2 is in full swing, and this season's largest single reward pool of 1.2 million TRX incentive pool has been fully launched. Participating users can earn dual TRX rewards: basic staking rewards from JustLend DAO, plus a boosted APR of up to 20%+, along with daily sharing rewards.Users only need to enter JustLend DAO through the Binance Wallet DeFi section and deposit 500+ TRX to participate. The S2 season covers core asset pools such as TRX, USDD, JST, SUN, etc.

According to Bloomberg, Singapore data center operator DayOne has secretly submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), planning to go public in the U.S. as early as next quarter.The company aims to raise approximately $5 billion, with a listing valuation of about $20 billion; however, relevant details are still under discussion, and the scale and timing of the offering may change.