BTC $79,011.47 +0.56%
ETH $2,480.53 +0.19%
BNB $692.36 -0.55%
XRP $1.39 -0.12%
SOL $103.87 -0.31%
TRX $0.3332 -1.70%
DOGE $0.0834 -1.10%
ADA $0.1998 +0.16%
BCH $248.24 -0.87%
LINK $11.39 -0.82%
HYPE $85.04 +3.91%
AAVE $124.90 -0.78%
SUI $0.7290 -1.71%
XLM $0.1792 +0.35%
ZEC $857.49 -1.57%
BTC $79,011.47 +0.56%
ETH $2,480.53 +0.19%
BNB $692.36 -0.55%
XRP $1.39 -0.12%
SOL $103.87 -0.31%
TRX $0.3332 -1.70%
DOGE $0.0834 -1.10%
ADA $0.1998 +0.16%
BCH $248.24 -0.87%
LINK $11.39 -0.82%
HYPE $85.04 +3.91%
AAVE $124.90 -0.78%
SUI $0.7290 -1.71%
XLM $0.1792 +0.35%
ZEC $857.49 -1.57%

cover

All
Article
Flash

Truth Social ETF manager Yorkville plans to launch more than ten ETFs covering themes such as the digital economy and macro strategies

According to Reuters, Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal aimed at further expanding its product line by acquiring an institutional asset management company. The deal is expected to be completed in September.Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business from the current product line focused on "America First" themed ETFs into a broader digital asset management field. Neamtz added that this marks Yorkville's first entry into the digital assets and cryptocurrency products sector, and the company has already submitted applications to launch approximately 12 additional ETFs in the coming weeks to months, covering various themes such as the digital economy and macro strategies.Meanwhile, Yorkville also announced the launch of the MANGOS Plus Index ETF, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain. The index tracked by this ETF includes companies such as Meta, Anthropic, NVIDIA, Alphabet, OpenAI, and SpaceX, while also incorporating AI concept stocks like Micron and SanDisk.

first_img Data: The total financing amount of the cryptocurrency market in August is approximately 596 million USD, with an RWA financing coverage rate of about 28.2%

According to RootData's financing data statistics, the crypto primary market disclosed 49 financing events in August, with a total financing amount of approximately $596 million, a 74.2% decrease compared to about $2.312 billion in July, and a 35.5% decrease compared to about $924 million in August 2025; the number of financing events slightly increased by 2.1% compared to 48 events in July, and decreased by 42.4% compared to 85 events in the same period last year. (This data does not include questionable financing and excludes mergers and acquisitions, IPOs, post-IPO, and debt financing.)From the perspective of sectors, DeFi was the most active sector this month, completing 19 financings, but the disclosed amount was only about $73.1 million; the infrastructure sector completed 14 financings, with a disclosed amount of about $311 million, ranking first in amount; CeFi completed 8 financings, with a disclosed amount of about $199 million. The top three projects by financing amount were Ripple ($275 million), RQD Clearing ($74 million), and Fasset ($68 million), with the top three projects totaling about $417 million, accounting for approximately 70.0% of the overall disclosed financing scale.In terms of RWA, RootData currently includes 529 RWA-related projects, of which 149 projects have financing records, with a financing coverage rate of about 28.2%. However, in August alone, there was only one RWA-related financing, Entropy, with a financing amount of $14 million, accounting for about 2.0% of this month's financing events and about 2.3% of the disclosed financing amount.In addition, 6 merger and acquisition events were disclosed in August, a significant decrease from 19 in July; among them, 4 belong to CeFi, including BitGo's acquisition of NYDIG, Nasdaq's acquisition of LeveL Markets, Rain's acquisition of Ansa, and OpenFX's acquisition of Global Ledger. These were mainly concentrated in CeFi, payments, market infrastructure, and data analysis services.In terms of investment institutions, YZi Labs, MH Ventures, Mapleblock, Polychain, and others remain active. Overall, in August, financing market funds mainly flowed into payments, clearing, stablecoins, CeFi, and institutional-level infrastructure; RWA sector projects are well-reserved, with high narrative heat, but monthly financing has not yet seen a synchronized increase.

Analysis: The Bitcoin "Realized Market Value Momentum Indicator" has turned positive after 93 days, signaling a recovery in on-chain capital flow

The "Realized Cap Impulse" indicator for Bitcoin has recently ended a continuous 93-day negative state and has turned positive for the first time, marking the longest reversal signal after a capital contraction cycle since the bear market of 2022.This indicator measures the momentum of changes in the realized market capitalization by tracking the changes in realized cap, combined with factors of Bitcoin supply and price, to assess whether the flow of tokens with actual economic significance in the market is driving capital base expansion. The positive shift in the indicator does not merely reflect a price increase but indicates that the flow of funds within the Bitcoin network is changing.Data shows that the indicator broke above the zero axis on August 20 when the BTC price was around $73,000 and has maintained positive values for 8 consecutive days. Currently, the BTC price has risen to about $78,900, an increase of approximately 8% during this period.As of the latest, the indicator reading is 0.198, below the peak of 0.226 reached on August 26. Historical data indicates that similar signals at the end of bear markets have been accompanied by significant rebounds in Bitcoin: after the indicator turned positive in September 2015, Bitcoin rose about 160% within a year; after March 2019, it increased about 173% in 90 days; and after January 2023, it rose about 45% in 90 days, with a yearly increase of 104%.However, the realized cap momentum indicator is not an absolute signal of a cycle bottom. Similar positive shifts occurred in early 2018 and 2022, but the market did not immediately enter a sustained upward phase afterward. Analysts believe that the indicator's continued positive value, confirmed by price trends, is more valuable than a single-day breakthrough above the zero axis.

Core Lightning, the Bitcoin Lightning Network software, issued an emergency warning due to the discovery of multiple real vulnerabilities in an AI report

According to CoinDesk, the developers of the Bitcoin Lightning Network payment software Core Lightning (CLN) issued an urgent warning to node operators after the team received a large number of AI-generated security reports, revealing several real vulnerabilities. The development team advised operators not to directly shut down the machine power but to restart the software in "--offline" mode, which stops communication with other Lightning Network nodes while still keeping it operational to continuously monitor the Bitcoin blockchain and protect the funds in the payment channels.The Core Lightning team began receiving a large number of AI-generated vulnerability reports since early August, some of which have been confirmed to be valid. Developers will keep the details confidential for two weeks to complete the patch development and plan to release a signed patch version for operators to verify the source. The source code and vulnerability details will be made public after the confidentiality period ends.This is the second AI-related security incident in the Lightning Network this month. Earlier in early August, BTCPay Server experienced a vulnerability that led to the leakage of credentials for some Lightning Network nodes and theft of funds. Additionally, the "Bitcoin Red Team," composed of 16 developers, used AI models to scan 390 Bitcoin code repositories at the end of July, discovering nearly 5,000 issues, 85 of which were rated as critical.

first_img Chainalysis report: CARF only covers 14% of on-chain taxable crypto activities

Chainalysis' latest report shows that the potential taxable on-chain cryptocurrency activity globally will reach at least $457 billion by 2025, while the OECD's Crypto Asset Reporting Framework (CARF) covers only about 14% of the on-chain taxable activities. The report estimates that the United States contributes approximately $112.6 billion, with North America leading at $134.6 billion, followed closely by the European Union at $125.1 billion.This estimate includes income generated from realized gains, mining, staking, and lending, as well as payments denominated in crypto assets, but does not include trading activities within centralized exchanges. The CARF will start data collection on January 1, 2026, across 48 jurisdictions, including the UK and EU, requiring eligible crypto platforms to collect customer and tax resident information and report transaction data to domestic tax authorities for cross-border sharing.The report points out that the CARF's design, centered around crypto intermediaries, is the main reason for the coverage gap. Colby Mangels, a former OECD advisor involved in the development of the CARF, stated that the framework is designed around intermediaries that conduct crypto transactions as their business, which leaves a significant amount of decentralized finance activities outside the reporting scope due to the lack of centralized operators or custodial relationships. Mangels noted that tax authorities are focusing on the progress of anti-money laundering regulations, including when DeFi platforms or their operators should be considered regulated crypto service providers.

Viewpoint: The Bessen effect makes it difficult for Bitcoin to return to a true bull market; the main reason for the price increase is short covering

Bloomberg reporter Emily Nicolle stated that Bitcoin recently rose 23% in a single week, marking the largest weekly increase in over three years and ending a period of stagnation since summer. U.S. Treasury Secretary Janet Yellen proposed expanding the scale of long-term Treasury bond repurchases, prompting market concerns about U.S. debt and dollar depreciation, which drove funds toward alternative assets like Bitcoin. However, after Bitcoin surpassed $80,000, it has stabilized again, and this catalyst alone is insufficient to bring the market back to a true bull market state.Nicolle pointed out that the narrative of Bitcoin as a hedge against the dollar and inflation still lacks sustainability. After Trump reiterated threats of tariffs against China last October, Bitcoin fell over 12% within 24 hours, while gold reached an all-time high during the same period. Since 2026, gold has cumulatively risen over 7%, while Bitcoin, even accounting for the recent rebound, has still fallen nearly 10%. She believes that the simultaneous rise of gold and Bitcoin last week does not prove that both have the same safe-haven properties, as much of the current crypto market rally is driven by short sellers being forced to cover their positions. Strategy Chairman Michael Saylor called on traders to continue buying Bitcoin during the rise, but his company did not increase its holdings accordingly.In addition, the CLARITY cryptocurrency market structure bill remains stalled due to disagreements over ethical provisions, with the Senate expected to reconsider it by mid-September, leaving limited time before the midterm elections in November. Bitcoin has yet to establish a stable and convincing value narrative, and in daily payments, users still prefer to use stablecoins or cash.
app_icon
ChainCatcher Building the Web3 world with innovations.