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According to ChainCatcher, Guangdong Province's first special financial product for the token economy, "Token Loan," was launched in the Haizhu District of Guangzhou. Taking Bank of China Guangzhou Branch as an example, a dedicated financing product specifically developed for small and micro enterprises in Haizhu's computing power sector—the Computing Power Token Loan—has been introduced. The credit limit is determined based on the contract/token consumption amount and can provide guarantees mainly through credit, accounts receivable pledges, and order financing. It can also combine guarantees, mortgages, and other forms of collateral to further expand the credit limit. New companies can apply for financing based on orders if they provide continuous operation proof materials from their original operating enterprises or offer guarantees. It is reported that the initial credit funding from Bank of China has reached 28 million yuan.

On-chain data analyst Murphy pointed out that BTC purchased in 2025 has been in a state of unrealized loss until now. Currently, there are about 4.77 million coins from 2025, a decrease of 41.5% from the peak in December last year. The decline slope shows two phases: a rapid decline before February and a slowdown after February, but it still maintains a certain slope. This group is currently the largest supply side in the market.Comparing the data from 2024, 2023, and 2022, it is found that the old coins with unrealized gains have basically passed the steep decline phase; the longer the time, the smaller the slope, and the curve has almost flattened after February. Even if the price drops further, the changes in the number of these coins are not significant, and those that should have changed hands have already done so. In terms of historical data, during the bear bottom in 2022, the high-position coins from 2021 decreased by 51%, and during the bear bottom in 2018, the high-position coins from 2017 decreased by 62%.Murphy believes that if we simply refer to history, the maximum decline of the 2025 coins in this bear bottom may be between 50%-60% (currently at 41%), and this does not yet account for the BTC purchased by institutions such as ETFs and MicroStrategy in 2025, most of which are in a locked state.

According to CoinDesk, the index provider MSCI has launched a new round of consultations, proposing to exclude so-called "non-operating companies" from its Global Investable Market Indexes. This classification will no longer use the proportion of crypto assets as the sole threshold but will adopt a two-step screening process: first, it will check whether operating assets exceed 50% of total assets; those that do not pass will then be assessed based on five financial ratios: operating asset intensity, expense intensity, cash flow, fair value intensity, and capital dependence. If at least four of these do not meet the standards, they will not qualify for inclusion.If the current data is applied to the MSCI ACWI IMI Index, Bitcoin-holding companies Strategy (MSTR), Metaplanet (3350), and uranium holder Yellow Cake will be excluded. Strategy has cumulatively held approximately 840,400 BTC since 2020, while Metaplanet holds about 43,000 BTC. MSCI's description of "non-operating companies" refers to businesses that create value by accumulating and holding non-operating assets, have limited operating cash flow, and rely on external financing for expansion.The consultation for collecting opinions will end on September 30, with results expected to be announced around October 16; even if approved, the related adjustments will not take effect until the index review in November 2026 at the earliest. Previously, a consultation in October 2025 regarding "digital asset treasury" companies, which set a standard of 50% for crypto asset proportion, had caused market fluctuations and industry opposition, ultimately being postponed.

According to data from the official page, the Gate Launchpool's first project, DOS staking mining activity, is currently ongoing. At present, the total amount of liquid staking in the USDT staking pool exceeds 118 million USDT, with an estimated annual percentage rate (APR) of 7.26%; the total amount of liquid staking in the GUSD staking pool exceeds 81.39 million GUSD, with an estimated annual percentage rate reaching 7.31%. Adding the base 3.80% interest from GUSD's current subscription yield, the comprehensive estimated annual yield rate for the GUSD pool is approximately 11.11%. Currently, the cumulative staking scale of the two major staking pools has exceeded 199 million USD. This activity will last until August 24 at 19:00 (UTC+8), with a total reward of 1,410,000 DOS.In addition, the cumulative subscription scale of Gate's yield-generating stable asset GUSD has currently reached 256 million USD, setting a historical high and continuously expanding stable returns and ecological application scenarios.

According to Gate market data, on August 14, the Hang Seng Index continued its sluggish performance from the previous day, closing down 0.93% at 25,160.25 points, while the Hang Seng Tech Index closed down 1.79%.JD's stock price fell 10.08% after earnings, and CK Hutchison closed down 5.12%. The total market turnover reached HKD 135.724 billion.

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 Cointelegraph, asset management company VanEck stated that Bitcoin is approaching the cycle bottom, which may mean that investors should start to gradually rebuild their positions.

According to Gate market data, the Hang Seng Tech Index fell more than 1% at the beginning of the session, with tech stocks collectively weakening. JD.com (09618.HK) fell more than 8%, and Meituan (03690.HK) fell more than 3%.

ChianCatcher news, former Coinbase CTO Balaji Srinivasan stated during an interview on a blog program under Cypherpunk that cryptocurrency is not only a business matter but also an ideological one. The banking and political systems have failed and need to withdraw to self-sovereignty, and the missing part is privacy.He pointed out that the two major innovations of Bitcoin are programmability represented by Ethereum and privacy represented by Zcash. From 2009 to 2017, Bitcoin's viability was proven; from 2017 to 2025, programmability's viability will be proven; and now, from around 2025 to 2030, is the privacy phase. Privacy means using ZK encryption for everything, including ZKYC, ZK DEX, and ZK smart contracts, to achieve the minimum necessary information. This may require modifications to the base layer, new L1, or entirely new companies, and ZK can technically attract high-IQ talent like AI.

Metaplanet CEO Simon Gerovich stated that the company has launched a new bond issuance program called BitBonds and has completed its first issuance.This issuance, through its wholly-owned subsidiary Metaplanet Securities, involves the issuance of Series 21 to 24 unsecured ordinary bonds under Japan's small-scale private placement system, raising a total of approximately 200 million yen. The scale is pilot in nature, aimed at establishing a framework for subsequent bond issuance, distribution, and management.

Former senior foreign exchange diplomat from Japan, Mitsuhiro Furusawa, stated that the yen is currently too weak, which may lead to a joint intervention in the foreign exchange market by Japan and the United States again.He expects the Bank of Japan to raise interest rates in September and to raise them again in December or January next year, with a target rate of 1.5% to 1.75%.

U.S. Treasury Secretary Becerra stated that sanctions on the Iranian economy will continue, and a persistent blockade will be maintained in the Strait of Hormuz, prohibiting any goods from entering or leaving Iranian ports.

The White House announced a tariff of 10% to 100% on imported drones and components to address national security threats.

The White House announced that U.S. President Trump will impose a 15% ad valorem tariff on drones and parts imported from the European Union, Japan, Liechtenstein, South Korea, and Switzerland.

According to Binance spot market data, the market has experienced significant fluctuations. PROM has dropped 10.93% in 24 hours, while LINK has risen 9.16% and reached a new high for the week.In addition, AIXBT, EDEN, and NBISB have all shown a "high pullback" status, with 24-hour declines of 8.38%, 5.16%, and 7.69%, respectively. NXPC has reached a new low for the week, with a decline of 25.07%.At the same time, EPIC has shown a "bottoming rebound" status, with a 24-hour increase of 7.95%.

Digital asset company Tether announced that it has completed a full independent audit conducted by KPMG U.S. on the financial statements of Tether International, S.A. de C.V. as of December 31, 2025. KPMG U.S. issued an unqualified audit opinion.The audit covered transactions, systems, ownership records, valuations, counterparties, and financial statement evidence, and reviewed the balance sheet, income statement, statement of changes in equity, and cash flow statement. KPMG U.S. also physically counted and inspected each gold bar held by Tether. Tether's Chief Financial Officer Simon McWilliams stated that the audited financial statements for 2025 show that its reserve assets exceed liabilities by $6.814 billion. Tether stated that this audit is an important step in fulfilling its long-term commitment to financial transparency.