funds

According to ChianCatcher news, as reported by CoinDesk, the U.S. SEC's Investment Management Division has issued a no-action letter to Franklin Templeton, allowing its registered funds to use the on-chain money market fund FOBXX (also known as BENJI) to manage cash and collateral via blockchain, rather than following traditional custody rules.This letter is based on Section 17(f) of the Investment Company Act of 1940 and Rule 17f-2, allowing registered funds to hold shares of FOBXX without meeting certain physical custody requirements. This supports intraday trading, hourly net asset value calculations, and faster transaction processing. FOBXX primarily invests in U.S. government securities and aims to maintain a stable share price of $1, and has expanded to multiple blockchains.

According to ChianCatcher news, reported by The Information journalist Yueqi Yang, the annual revenue of the prediction market platform Kalshi has exceeded $4 billion, doubling from two months ago, and is currently seeking to raise a new round of financing at a valuation of $40 billion, a significant increase of 82% from its valuation of $22 billion during the Series F financing in May.In addition, the company has recently invested heavily in marketing, with reports indicating that Kalshi's operating expenses in June reached $300 million, mainly related to marketing promotions.

The Australian Securities and Investments Commission (ASIC) announced that it has shut down multiple websites of the digital asset platform Yepbit and warned users not to trade with the platform. ASIC received reports from several investors stating that they were unable to withdraw funds from the platform. Yepbit claims to offer digital asset and futures trading services globally, including for Australian investors.ASIC stated that Yepbit fabricated the claim of "ASIC freezing funds" in order to delay investors' refund requests. Yepbit does not hold an Australian financial services license and is not registered with AUSTRAC as a virtual asset service provider. ASIC reminds investors to verify whether the platform holds a license and to exercise extreme caution with investment opportunities that cannot be verified.

Harmony stated that it is collaborating with internal teams and relevant exchanges to attempt to stop and freeze the flow of related funds. A patch and rollback plan are also being developed. Further information will be updated in a timely manner.

Global venture capital firm Accel announced that it has raised a new fund of $3.5 billion for early-stage investments worldwide. A total of four funds were raised, including a global expansion fund of $1.35 billion for larger early rounds and follow-on investments; the U.S. fund and the European and Israeli funds are each $800 million, while the Indian fund is $550 million.Accel partner Harry Nelis stated that companies are raising funds more quickly in their early stages than ever before, which presents opportunities for investors, although the scale of risk still exists. Accel has invested in AI companies such as Anthropic, Cursor, and Perplexity.

The largest bank by asset size in Latin America, Itaú, is collaborating with OpenAssets to participate in a tokenized fixed income and investment fund test led by the industry. Brazil has become a testing ground for placing bonds, credit, and other financial assets on the blockchain under a regulatory framework.

The price of Bitcoin fell below $64,000 to a weekly low, while gold rose to $4,435 per ounce, a nine-week high.Retail investors flowed $50 million into gold ETFs in a single day.

According to official news, the fintech and asset tokenization company Anchored Finance announced the launch of three tokenized funds, with underlying strategies involving funds from asset management institutions such as Point72, Millennium, D. E. Shaw, and BlackRock.The first batch of products includes the Anchored Diversified Hedge Fund (aDHF), Anchored Liquid Strategy Fund (aLSF), and Anchored AI Strategy Fund (aAIF), providing on-chain alternative asset allocation channels for qualified investors.Anchored Finance stated that this is the first time such traditional hedge fund portfolios have been introduced on-chain in the form of tokenized funds.

Wintermute released a market update indicating that the U.S. non-farm payrolls unexpectedly decreased by 23,000 in July, significantly weaker than market expectations, leading to a drop in September rate hike expectations from 55% to 40%, and driving a broad rebound in risk assets.Gold led the gains, with the Nasdaq, S&P 500, Bitcoin, and altcoins generally rising, while Brent crude oil fell by 6.85%.

The Gate Research Institute recently reported on "The TradFi Battle of Cryptocurrency Exchanges: Gate CFD's Path to Cross-Asset Breakthrough," indicating that since 2026, cryptocurrency trading platforms represented by Gate have been accelerating their breakthrough of digital asset boundaries, with CFD business becoming the primary trading entry point connecting stablecoin funds and global traditional assets. As user demand for trading and hedging in gold, foreign exchange, stocks, indices, and commodities grows, industry competition has shifted from merely competing on leverage and trading varieties to a comprehensive contest of asset coverage, liquidity, execution quality, risk management, and capital efficiency.In this round of TradFi expansion, Gate is forming a clear first-mover advantage. According to publicly available data, Gate accounts for approximately 39.4% of the trading volume among the five platforms that have disclosed TradFi transaction amounts, completing its transition from catching up to leading in just two months, becoming the largest top-tier platform. More notably, Gate's layout is no longer limited to increasing CFD categories but is based on USDT and a unified account entry, connecting CFDs, perpetual contracts, stocks, ETFs, IPO Access, and wealth management, while further accommodating professional and institutional funds through tools such as API, copy trading, OES, and CrossEx. Whether Gate can convert its temporary transaction advantage into long-term liquidity, capital retention, and professional service capabilities in the next phase will be key to whether its TradFi strategy can form a sustainable barrier.

CryptoQuant founder Ki Young Ju posted on the X platform, correcting the previous analysis of CME Bitcoin futures positions, stating that "Total Reportables (large institutional traders)" was mistakenly labeled as "Leveraged Funds," leading to the belief that CME hedge funds rarely turned into net long positions in BTC futures. However, the actual situation is that leveraged funds still maintain net short positions in BTC futures.Ki Young Ju provided CFTC futures position data as of August 4: 1. Large institutional traders overall show a slight net long position, which includes asset management institutions, market makers, dealers, etc. Ki Young Ju stated that although the net long extent is limited, the previous judgment about institutional direction being bullish still holds. 2. Leveraged funds still maintain net short positions in BTC futures, but over the past year, their standard BTC futures net short position has decreased by about 50% (measured in BTC), mainly due to the decline in basis trading returns. When the futures basis returns fell below U.S. Treasury yields, the arbitrage space narrowed. Leveraged funds currently show a net long position in Micro BTC futures, but the scale is small, only about +394 BTC, which is approximately 1% of the standard BTC futures net short position. Ki Young Ju indicated that leveraged funds overall have not yet turned into net long positions, but their long-term structural shorts are clearly weakening, which may reflect the closing of arbitrage trades and adjustments in directional positions.

According to The Defiant, the monthly fund flow report released by 21Shares on August 10 shows that in July, global cryptocurrency exchange-traded products (ETPs) had a net inflow of $600 million, marking the first month of net inflow since April. Among them, Ethereum-native products attracted $350 million, about twice that of Bitcoin-native products at $176 million, while XRP, Solana products, and a basket of products saw inflows of $34 million, $13 million, and $7 million, respectively.The report states that July reversed the previous brief and intense redemptions. Bloomberg data shows that $2.5 billion and $4.4 billion flowed out of cryptocurrency ETPs and ETFs in May and June, respectively, following a net inflow of $2.9 billion in April. Although Ethereum led in subscriptions, Bitcoin products still dominated trading, with a global trading volume of cryptocurrency ETPs and ETFs in July reaching $133.3 billion, of which Bitcoin accounted for 78.5%, Ethereum 11.1%, other assets 9.1%, and Solana 1.3%. The inflow of funds into Ethereum is based on a much smaller active base, rather than a large-scale withdrawal from Bitcoin products.

According to The Block, supporters of the open-source Bitcoin payment processor BTCPay Server have pledged to establish a bounty for recovery: 10% of the recovered funds will be awarded, with a maximum of 3 BTC if the full amount is recovered.BTCPay disclosed last Friday that a serious vulnerability is being actively exploited and urged users to upgrade as soon as possible. This vulnerability allows attackers to obtain LND administrator credentials, thereby gaining full control over connected Lightning wallets. BTCPay stated that on-chain wallets (including hot wallets) are not affected and did not disclose the total amount of losses or the number of affected nodes.

OpenGradient co-founder Matthew posted that his market maker (MM) team's funds on the BitMart trading platform are currently unable to be withdrawn, with the reason suspected to be related to the platform's insolvency. Matthew stated that BitMart still required token holders to lock their assets on the platform a week before halting related services, an action that he described as "shocking."He believes that BitMart's previous push for users to lock their assets was essentially just to gain liquidity. Currently, BitMart has not responded to these related accusations. This incident has raised community concerns about the security of funds on centralized trading platforms, asset custody, and liquidity management risks.

The Solana ecosystem lending protocol Jupiter launched Lend v2 on Monday, allowing deposit and borrowing positions to simultaneously act as trading liquidity, enabling users to earn lending interest and exchange fee sharing from the same funds.This product introduces optional Smart Collateral and Smart Debt features, which automatically pair assets to correlated liquidity pools. When traders route exchanges through these pools, deposit users' yields can be enhanced, and borrowing costs can be offset.In correlated pools, even if one stablecoin depegs, borrowers are still protected; however, collateral providers will bear the losses of any asset. Jupiter limits this design to stablecoin trading pairs and trading pairs composed of SOL and its staked versions to mitigate correlated risks.

Intel (INTC.O) has invested unprecedented funds in the field of artificial intelligence computing.

According to data from DefiLlama, Gate's 24-hour net capital inflow reached $19.21 million, ranking first in the world; the 7-day net capital inflow reached $122.64 million, ranking alongside Binance as the top two centralized exchanges (CEX) for 7-day net capital inflow globally.

CryptoQuant founder Ki Young Ju stated that hedge funds on the CME have turned into net long positions in BTC futures, which is a rare situation.He pointed out that basis trading usually causes hedge funds to structurally hold short positions, which is also the reason why related data has remained negative for years, and basis trading cannot be conducted in a net long position. This shift of hedge funds to net long positions in BTC futures indicates that institutional investors are optimistic about further increases in BTC prices.

According to SBS, the Financial Supervisory Service (FSS) of South Korea has begun a comprehensive reform of its system to address compensation issues related to financial fraud, including voice phishing involving virtual assets. The FSS launched the "Financial Fraud Loss Compensation System Improvement Project" on August 6. This project aims to reform the existing compensation calculation system centered on the Korean won, in preparation for including virtual asset losses in the compensation scope starting in October this year.The current system primarily calculates compensation amounts based on losses valued in Korean won, but after the reform, a compensation ratio will be adopted, taking into account the type and quantity of virtual assets involved. Additionally, during payment suspensions, the Korean won exchange value of virtual assets will also be included in the calculations.