pha

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.

Glassnode published a market perspective stating that Bitcoin is currently caught between the median realized price (around $63,000) and the cost basis of short-term holders (around $68,700). Spot trading volume has hit its lowest level since 2019, and the market is in an extremely quiet compression state. Despite core inflation falling to 2.5% in July and the stock market reaching new highs, Bitcoin has shown almost no reaction and even weakened, indicating a clear lack of demand.On the other hand, selling pressure is easing: profit supply is approaching the past bear market bottom area, the seller exhaustion indicator has hit a cycle low, and the adjusted SOPR has been rejected near the breakeven line nine times. Meanwhile, buyers continue to be absent, with minimal net inflows into ETFs, and coins are still flowing into exchanges; however, derivatives leverage has already massively gone long, with open interest relative to trading volume being high, and the order book's buy side is also thinning. Glassnode believes that the key observation points are the upper level of $68,700 and the lower level of about $58,500: effectively standing above the former with accompanying volume and ETF inflows recovering may confirm improvement, while losing the latter could easily lead to accelerated declines under thin buy support and crowded longs. Glassnode remains cautious overall, believing this is the late-stage bear market compression phase, and real demand signals have yet to appear.

According to The Block, Standard Chartered Bank's subsidiary Anchorpoint officially launched the first phase of the Hong Kong dollar stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors.Anchorpoint was jointly established by Standard Chartered Bank, HKT, and Animoca Brands, and received a stablecoin issuance license from the Hong Kong Monetary Authority (HKMA) in April this year, making it one of the first licensed institutions.

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.

CryptoQuant analyst MorenoDV_ stated that data shows the Ethereum Unspent Net Profit and Loss (NUPL) on the Binance platform has fallen back to around -0.35, entering a range that has historically corresponded to significant price bottoms multiple times.This indicator reflects the unrealized profit and loss status of a specific group of holdings, and the current negative value indicates that the overall Ethereum holdings are in a relatively deep unrealized loss.

Web3 security company CertiK released the report "Intel3D: PSAV and Brazil's New Security Standards." The article points out that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 of this year) approaches, local virtual asset service providers (PSAV) are facing a round of concentrated compliance adjustments, and compliance and security certifications issued by independent third parties are transitioning from industry best practices to important requirements for market access.According to the report, CertiK is currently conducting independent external audits based on the Central Bank of Brazil's Normative Instruction No. 701. As one of the markets with the highest adoption of crypto assets globally, the impact of this regulatory transformation in Brazil may far exceed the local market. The report shows that Brazil currently ranks fifth in the world for actual crypto asset adoption rates. From June 2024 to June 2025, the on-chain asset value received by Brazil reached $318.8 billion, accounting for nearly one-third of on-chain activity in South America during the same period. Stablecoins have become an important infrastructure in the local digital asset market, accounting for about 80% of the trading volume in crypto asset transactions reported to the Federal Revenue of Brazil.

According to official news, the Gate Alpha section Meme coin MARVIN (7777) has increased by 29.98% in the last 24 hours. MARVIN is one of Elon Musk's pet dogs, born on November 1, and Musk has tweeted about it multiple times, even celebrating its birthday on November 1, 2023. Users can trade with one click on Gate Alpha.Gate Alpha now supports public chains such as SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, Robinhood, and Berachain, and seamless trading of all-chain tokens can be achieved through the contract address search function.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that the previous three major bottoms of Bitcoin were accompanied by "high losses and large fluctuations," while the current characteristics are "losses not high enough and smaller fluctuations." He believes that rather than betting on this being an unprecedented "calm bottom," it is better to view it as a "breathing stage" in the process of finding a bottom.Jiang Zhuoer cited the market situation in 2018 as an example, when the $6,000 level of BTC was tested multiple times and was seen by many investors as a bottom that would not be broken. Before breaking below, BTC traded sideways in the $6,000 to $7,000 range for about two and a half months, which is quite similar to the current sideways trading in the $60,000 to $70,000 range for two months, after which the price fell to $3,000.

ECX developer Paul Sztorc announced that the ECX hard fork will be launched in three phases, rather than the originally scheduled single release on August 23. ECX is a new blockchain that replicates the complete transaction history of Bitcoin at a specified block height. Almost all Bitcoin holders, except for Satoshi Nakamoto's portion of Bitcoin, will receive an equivalent amount of ECX, and the Bitcoin network itself will not change.The first Alpha version will be activated on August 23 at block height 963648, the Beta version will go live on September 20 at block height 967680, and the permanent complete version is scheduled for release on October 31 at block height 973728. Tokens collected during the Alpha and Beta phases can be destroyed and exchanged for official ECX once the permanent chain is launched. The replay protection for ECX remains an optional mechanism; the official wallet will enable this protection and remind users before executing transactions. Paul Sztorc stated that if users ignore the reminder, ECX will replay their Bitcoin transactions, causing the related Bitcoins to follow the user out and transfer to new holders; October 31 also marks the 18th anniversary of Satoshi Nakamoto's publication of the Bitcoin white paper.

"1011 Insider Whale" agent Garrett Jin released a weekly analysis stating that he previously suggested gradually positioning in storage chips and buying on dips, but the market did not experience the expected pullback. He has sold half of the previously rebounded positions during the surge, not because the investment logic has changed, but because he noticed the funding structure driving the rise, stating, "This is more like a short squeeze rather than a final confirmation of the market fundamentals." Rapid capital replenishment of short positions can create short-term increases in stocks like SK Hynix, but cannot solely support a sustained trend. The risks of Korean leveraged ETFs have not been fully released, but the decline in asset scale mainly comes from net value shrinkage rather than investor exit. Currently, the cumulative net subscription of related financial products remains at historical highs and has not turned negative.Garrett Jin emphasized that the decline in the scale of Korean leveraged ETFs does not indicate a bearish outlook on storage demand. SK Hynix's 2026 capacity is already sold out, and Micron's orders are covered until 2028, with strong demand expected to continue until the second half of 2027. However, the storage industry is essentially a cyclical industry, and stock prices have already risen by hundreds of percentage points in advance. Cyclical stocks are usually difficult to sustain long-term growth through valuation expansion. The current market is entering a new phase of the AI capital expenditure cycle, shifting from "rewarding investment" to "evaluating investment returns." Regarding Bitcoin, Garrett Jin stated that it continues to meet the bottoming conditions since the low in July and maintains the position view established around $60,000.

VeChain Foundation announced the entry into the next phase of the Renaissance roadmap, Interstellar. Previously, Galactica completed the EVM foundational upgrade, and Hayabusa completed the transformation of consensus and token economics. Interstellar aims to deepen the EVM compatibility of VeChainThor with the Ethereum ecosystem and expand developer capabilities.The first upgrade proposal, VIP-255, will introduce execution layer improvements compatible with Ethereum versions such as Cancun, Prague, and Osaka, including transient storage, MCOPY instruction, and cryptographic support for BLS12-381 and secp256r1. Voting will take place from August 10, 2026, 00:00 UTC to August 17, 2026, 00:00 UTC via the VeVote platform, allowing validators and eligible StarGate NFT holders to participate. This upgrade does not affect the VET and VTHO token economics, and regular holders do not need to take any action.

The U.S. Securities and Exchange Commission (SEC) documents show that Alphabet (GOOG.O) reported holding 551.2 million shares of Class A stock in SpaceX (SPCX.O).

Google's parent company Alphabet's massive bond issuance attracted about $115 billion in subscription demand.

According to Bloomberg, Google's parent company Alphabet (GOOG) seeks to raise up to $25 billion through a bond issuance.

Alphabet launches a $10 billion investment-grade bond issuance.

OKX Wallet's Chinese announcement states that the total locked value (TVL) of X Layer DeFi has surpassed 100 million USD, growing nearly 10 times in the past six months.At the same time, the issuance scale of X Layer stablecoins has exceeded 2 billion USD, ranking among the top ten public chains globally; the cumulative number of active addresses has surpassed 4.2 million, and the total number of on-chain transactions has exceeded 400 million. OKX Wallet indicates that as liquidity continues to accumulate and the user base steadily grows, the next step will be to attract more assets, applications, and users to enter X Layer, driving the public chain to accommodate more real demands and further improve ecological development.

According to the official announcement, the third phase of Gate Pre-IPOs will launch Moonshot AI (KIMI) and introduce a dedicated trading market mechanism for Pre-IPOs, providing exclusive trading and circulation channels for pre-listing asset certificates.The KIMI asset certificate is a mirror note designed based on the changes in the enterprise value of Moonshot AI. The subscription period is from August 11, 2026, 15:00 to August 13, 2026, 15:00 (UTC+8), allowing users to participate using both USDT and GUSD. After the subscription ends, the asset certificates will be 100% unlocked and issued on August 17, 2026, at 15:00 (UTC+8).It is worth noting that, unlike previous participation methods in Pre-IPOs, this phase of KIMI asset certificates is expected to open a dedicated market for trading about one month after the completion of subscription and distribution. Users holding positions can trade and circulate based on real-time market prices, choose to sell part of their holdings to recover principal, or continue to hold the remaining assets to participate in the future value changes of the target enterprise. The holding period for the profit portion is expected to range from several months to several years, depending on the target enterprise's IPO process or other exit arrangements; if the target enterprise completes an IPO in the future, the platform will provide subsequent asset handling solutions based on actual conditions, including stock asset exchange or stock token exchange methods.

U.S. President Trump stated that negotiations between the U.S. and Iran are progressing rapidly, with both sides discussing the reopening of the Strait of Hormuz, which "may reopen as early as tomorrow."Trump mentioned that the goal of the first phase of negotiations is to reopen the Strait of Hormuz, while the second phase will focus on Iran's "denuclearization." He stated that if anyone attempts to charge fees in the Strait of Hormuz, "the U.S. will charge fees," emphasizing that Iran will not be allowed to collect fees in the strait.Trump also mentioned that this is Iran's "last chance," and that the negotiations are taking place at Iran's request, with relevant results possibly being announced today or tomorrow.Previously, the situation in the Strait of Hormuz had been tense, and the market is closely monitoring its impact on global energy supply and oil price trends.