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Grayscale Research Director Zach Pandl stated that the two major blockchain networks, Ethereum (ETH) and Solana (SOL), are considering adjusting their token economic models to enhance asset scarcity by reducing future token supply growth through lowering annual inflation rates. As important native assets supporting stablecoins and tokenized asset ecosystems, the prices of ETH and SOL are primarily determined by supply and demand dynamics. If the relevant code upgrade proposals are approved, under unchanged conditions, lower supply growth may provide support for token prices.According to Grayscale's analysis, if the relevant adjustments are implemented, the supply inflation rates of BTC, ETH, and SOL will continue to decline over the next five years. By the end of 2031, the annual inflation rates for Bitcoin and Ethereum are expected to be around 0.4%, and Solana around 1.1%, which is lower than gold's annual supply growth rate of about 1.8% and the U.S. CPI inflation level of about 3.3%. Currently, these token economic adjustments are still in the community discussion phase. Among them, the Solana-related proposal has gained broader support and has a higher likelihood of implementation; the Ethereum proposal still requires further discussion.If the adjustments are implemented, staking users may face reduced token rewards, as part of the staking income comes from the issuance of new tokens. However, due to the decline in the growth rate of circulating supply, the scarcity value of the tokens may increase, potentially providing price support. For ETH and SOL holders who do not participate in staking, they may benefit directly; the final returns for stakers will depend on the balance between the decrease in rewards and the increase in prices. Zach Pandl concluded that ETH and SOL are becoming important digital commodities supporting stablecoins and the tokenization of real assets, and the economic model adjustments aimed at reducing inflation may further strengthen their scarcity attributes.

Rosherville Pty Ltd, a shareholder of the Australian Securities Exchange (ASX), has notified the ASX of its intention to apply to the Federal Court for permission to initiate a statutory derivative action against certain former ASX officials and directors. If approved, Rosherville will sue on behalf of the ASX. The ASX stated that the relevant lawsuit does not accuse the ASX itself, but has not disclosed the identities of the former officials involved, the specific obligations allegedly violated, or the remedies sought. The Federal Court has not yet considered whether the case can proceed.The ASX has been advancing a blockchain-based CHESS clearing and settlement system replacement project since 2016, which was suspended in November 2022 and abandoned the blockchain solution in May 2023. On July 3, 2026, the Federal Court ordered the ASX to pay a fine of $14.4 million and $2.1 million in litigation costs to the Australian Securities and Investments Commission (ASIC).

Polymarket founder Shayne Coplan announced on August 12 on the X platform that Travis VanderZanden has joined Polymarket as Chief Growth Officer.It was reported that Travis V. previously served as the Head of Driver Growth at Uber, Chief Revenue Officer at Yammer, and founded and served as CEO of the bike-sharing company Bird.

According to a report by Cryptonomist, GSR's market director Spencer Hallarn stated in an interview that the hype around tokenization has surpassed the actual usage on many platforms. The issue lies not in the market's demand for tokenized assets, but in the design of the platforms themselves. He pointed out that many walled garden-style tokenization platforms with strict KYC requirements generally lack meaningful trading volume, as cumbersome access and compliance processes limit activity.Hallarn believes that the real opportunity is not in tokenizing for the sake of tokenization, but in fixing the underlying pipelines of traditional banking and settlement systems, specifically the infrastructure for transferring funds and assets between institutions. This would make tokenization more of an infrastructure repair rather than merely a narrative of crypto products.He also mentioned that the stagnation in the crypto market this year is largely due to funds shifting towards AI infrastructure, with large tech companies raising substantial amounts of capital for AI infrastructure through equity financing, tightening the liquidity of various assets, and crypto is no exception. Its clients are also shifting from chasing short-term momentum to long-term budget planning, over-the-counter hedging, and RWA. If AI investment cools down and the Federal Reserve lowers interest rates, liquidity is expected to improve and support Bitcoin prices.

Qianwen's former technical director Lin Junyang announced the establishment of a new company, Pragmatic Technology, in Shanghai, focusing on the research direction of next-generation intelligent agents that span the digital and physical worlds.He also revealed that Gao Rong Venture Capital and HSG (Sequoia China) jointly led this round of financing, with support from Tencent and the Shanghai Future Industry Fund. According to informed sources, the "this round of financing" mentioned by Lin Junyang refers to the angel round financing of Pragmatic Technology, with a valuation of 2 billion dollars.

During the US stock market, Circle (CRCL) stock price rose over 6%, reaching a high of $73.35 during the session, with a market capitalization of approximately $18 billion.Recently, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to trillions of dollars, Circle's value is underestimated by the market, and it will not only become a stablecoin giant but also a payment giant.

Patrick Witt posted on the X platform stating that the government is still committed to pushing the CLARITY Act through in September. He mentioned that only legislation can provide lasting rules, and there is a greater need for relevant legislation now more than ever.In addition, Patrick Witt criticized that every time the Democrats delay the bill, it further puts the U.S. behind in the competition in the crypto space, undermines its leadership in the global financial market, weakens national security, and deprives law enforcement of tools to combat crypto crime. He stated that the CLARITY Act is a true bipartisan achievement years in the making, and the Democrats still have the opportunity to shape U.S. digital asset policy by assisting in the legislation. The government will maintain an open attitude and continue good-faith negotiations until the vote in September.

According to CoinDesk, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to a scale of trillions of dollars, Circle's value is underestimated by the market. Rasmussen expects the stablecoin market to grow from about $300 billion to $3 to $5 trillion, with Circle having a first-mover advantage due to its existing market share as U.S. stablecoin regulations take shape.He believes that Circle will not only become a stablecoin giant but also a payment giant—its payment infrastructure under construction will play a key role in a stablecoin-driven financial system, yet investors are still too focused on its reserve business. Rasmussen compared Circle's potential development trajectory to that of Visa and Mastercard, arguing that the entry of banks and other giants is not a major threat, as the pace of market expansion is sufficient for Circle to maintain growth. He mentioned that Circle's Arc blockchain will test whether it can expand from stablecoin issuance to the payment infrastructure sector, with the key in the coming year being how its economic model changes with the adoption of stablecoins and the development of infrastructure.

Flashbots strategic leader Hasu stated that charging fees to passive holders, allowing them to pay for projects investing in your ecosystem (such as Lido, Aave, and DAT, which collectively fund Ethereum client teams, multiple EF derivative projects, overall DeFi construction, etc.), is actually very good. The problem with Ethereum has never been excessive ETH issuance, but rather insufficient ecosystem investment.Reducing inflation will inevitably suppress investment reduction. Unfortunately, the Ethereum research community has never been good at predicting these second or third-order effects.

The Galaxy research director posted on platform X, stating that please continue to share your victim experiences with him via private message. His private messages are full, with over 200 Coldcard victims having contacted him. He is categorizing them using clanker and will eventually reply to everyone.He stated, "You will get through this, Bitcoin will get through this, we will not leave."

According to the information released by the SEC, Coinbase (COIN) director Wilson Frederick R sold 35,068 shares of the company's stock on August 3 at an average price of $144.32 per share, for a total value of approximately $5.06 million. After the transaction, his direct holdings decreased to 197,389 shares.

According to monitoring by the head of Galaxy Research, less than 1 BTC was stolen overnight through a victim's report, identifying a new attack where the attacker transferred 12 BTC from 126 addresses, with the attack footprint marked as "footprint O."

According to monitoring by Galaxy's research director, a suspected organized Coldcard attack is occurring, with similar transactions still waiting for confirmation in the mempool. Previously confirmed transactions show RBF enabled. During the period from block 960,778 to 960,792, 218 transactions occurred within approximately 2.5 hours, involving 462 victim addresses, 216 new destination addresses, and 388.92748828 BTC; all transactions had no inputs earlier than the Coldcard firmware boundary.The clearing rate per block during this period was 13.8 times, compared to a pre-incident control window of 0.3 times per block, approximately 45 times higher. The transaction topology was 1:1, with each victim address corresponding to a new destination address, and only one destination address received two clearings, with no aggregation addresses appearing. Some funds have been cleared to second-hop addresses.

Galaxy Research Director Alex Thorn stated that the attack incidents surrounding the Coldcard wallet are still evolving, with more small attackers and imitators emerging, targeting the remaining Coldcard recovery phrases.Alex Thorn mentioned that by assisting in confirming the identity of a user whose deposits were involved in the attack, the related funds had already been transferred out before they could be frozen on the Duel platform, and the funds involved do not belong to the three main waves of attacks previously identified by Galaxy Research.Previously, the Bitcoin hardware wallet Coldcard was attacked, and the stolen funds have risen to 1367.05 BTC, worth approximately 8.86 million USD, involving 4585 addresses. Galaxy Research Director Alex Thorn stated that the attacks are still ongoing, and users who have not yet migrated their funds should immediately transfer their assets out of the addresses generated by Coldcard.

Galaxy Research Research Director Alex Thorn stated that the attack targeting Coldcard wallet address generation is still ongoing. They are currently continuing to collect victim information and adding new victim addresses and attacker addresses to the investigation database.If users are still using affected Coldcard single-signature addresses, they should immediately migrate their funds. According to current investigation results, all single-signature Coldcard addresses generated after the firmware upgrade in March 2021 may ultimately be emptied by attackers; it is just a matter of time.According to Galaxy Research's analysis, the first three confirmed rounds of attacks exhibit highly programmatic characteristics, with similar attack transaction patterns. A large amount of stolen Bitcoin remains in the attackers' addresses and has not yet been transferred.At the same time, some new opportunistic attackers are emerging, transferring and laundering funds through methods such as stripping the funding chain, cross-chain services (like ThorChain), and overseas betting platforms.Additionally, Alex Thorn mentioned the limitations of AI tools in security investigations. Some large language models in the United States have restricted researchers' ability to track stolen funds, and the team has even had to turn to Chinese open-source AI models to assist in protecting user assets and conducting on-chain tracking.He finds this phenomenon "incredible" and plans to promote discussions on related issues at the government and industry levels. Alex Thorn concluded by stating that a large amount of stolen funds remains stagnant, and the team is continuously tracking relevant addresses, having shared information with relevant U.S. agencies and industry partners. He calls on the Bitcoin community to learn from this incident, strengthen self-custody security education, and raise awareness of wallet complexity.

Galaxy Research Research Director Alex Thorn tweeted that among a Coldcard attack victim holding nearly 30 BTC, 17 BTC were split and converted to ETH via THORChain, and then deposited into the offshore betting platform Duel.com.Upon tracking, this portion of funds corresponds to approximately 229.72 ETH (worth about $445,000). The victim and the research team have emailed all known addresses of Duel.com, providing all transaction and deposit information and requesting to freeze the funds, but the response stated that the victim should have the police contact them, even though the platform's anti-money laundering policy claims it implements KYC and complies with relevant laws.Thorn stated that this response is unacceptable, and most of the Western regions have passed midnight, meaning the police report cannot be advanced until at least Monday; he believes that if the platform refuses to freeze the funds after receiving notification that they originated from an ongoing cyber attack, it constitutes complicity in theft.Since Duel.com's X account has been banned, Thorn turned to @ several individuals associated with the platform, urging them to push the platform to take the correct actions, and stated that if the funds are not frozen, the platform will face significant legal action.

According to Jinshi reports, the head of application research at OpenAI stated that GPT-5.6 Luna should have more applications, considering the rapid progress of the model, its cost is ridiculously low, and its speed is also very fast.

According to Business Insider, Alexandr Wang, founder of Scale AI and current head of Meta's Superintelligence Lab, stated at a Y Combinator event that AI has significantly narrowed the power gap between startups and giants. He recalled that when he founded Scale AI in 2016, "startups faced giants like David against Goliath, needing to find market entry points more intelligently"; however, with the development of AI agent technology, "it now feels more like Goliath against Goliath," and as long as startups apply AI agents in "the most ambitious way," it is not difficult to defeat large companies that already have an advantage.Scale AI, founded by Wang, is one of the earliest data annotation companies, employing thousands of contractors worldwide to train models for large AI labs. Last June, Meta reached a $14.3 billion deal with Scale AI, and Wang subsequently joined Meta. OpenAI CEO Sam Altman also stated at the same event that "there has never been a better time to start a business."

According to the information released by the SEC, Robinhood (HOOD) director Bhatt Baiju sold 49,223 shares of the company's stock on July 24 at an average price of $95.09 per share, for a total value of approximately $4.68 million. After the transaction, his direct holdings decreased to 3,703 shares.