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The Bitcoin minority fork supporting BIP-110 split at block height 961,632, and after mining only 2 blocks in about 8 hours, it has stagnated, now lagging behind the Bitcoin mainnet by over 80 blocks.This fork inherits the current difficulty of Bitcoin, but only about 2.53% of recent block signals support BIP-110, far below the 55% activation threshold required without a fork. Bitcoin adjusts its difficulty only after mining 2016 blocks, and based on the current hash rate, this chain is expected to take about 350 days to complete its next adjustment.BIP-110 aims to temporarily prohibit writing non-financial data such as images and text in Bitcoin transactions. Michael Saylor stated that about 99.85% of Bitcoin hash power remains on the mainnet; due to both chains being affected by the same transactions, transactions on the minority chain may be replayed to the Bitcoin mainnet.

Economists surveyed by Reuters expect that the overall CPI year-on-year in the U.S. for July will drop from 3.5% in June to 3.4%; the core CPI year-on-year is expected to decrease from 2.6% last month to 2.5%. Economists at Citigroup believe that, as expected, if there is a second consecutive month of soft inflation readings, it would indicate that more than one month of data points to easing inflation pressures, which would essentially rule out the possibility of a rate hike in September. However, economists also expect that core service sector inflation will rise slightly in July, with prices increasing by 0.3% month-on-month.Previously, the data remained flat from May to June. Analysts at Bank of America stated that a rebound in core service sector indicators could keep the September rate hike on the table. Analyst Kate Duguid noted that if the latter view prevails and inflation data comes in below expectations, then the Federal Reserve's rate hike could be delayed until December or later.

Michael Saylor, the founder and executive chairman of Bitcoin Treasury Company Strategy, has once again released information related to Bitcoin Tracker. According to previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after relevant news is released.

According to on-chain analyst Ai Yi (@ai 9684xtpa), after the new address 0x615...d69d5 transferred 2 million USDC as collateral, it established a 4x leveraged long position in XMR on Hyperliquid, with a size of 10,962.78 XMR. Based on the opening price of $383.23, the position is valued at approximately $4.18 million and has now become the second largest position in XMR on Hyperliquid.

Strategy founder Michael Saylor posted that Bitcoin's operation fully aligns with its design. BIP-110 can fork freely, and the Bitcoin network can also choose not to follow. As a result, about 99.85% of Bitcoin's hash power remains on the original network, while the BIP-110 branch has only mined 2 blocks and is currently over 80 blocks behind.He pointed out that BIP-110 has only gained about 0.15% of Bitcoin's hash power and needs to mine 2015 blocks before the first difficulty adjustment. Based on the current block generation speed, this process will take about 25 years.Saylor stated: "Anyone can fork Bitcoin, but if there is a lack of security, practicality, capital, and users, the fork is meaningless. Consensus needs to be earned, not declared."

According to Fortune, the Trump family is accelerating its entry into the prediction market space, with the Trump Media Technology Group developing a prediction market platform called TruthPredict, allowing users to trade prediction contracts related to significant events. The company has also launched the Truth API, providing Wall Street with quick data access to Truth Social content. Additionally, Donald Trump Jr., the eldest son of Trump, currently serves as a strategic advisor to Kalshi, and his venture capital firm 1789 Capital has invested in competitor Polymarket and joined the advisory board of Polymarket. This means the Trump family is simultaneously associated with the two major prediction market platforms, while the Trump Media Group is building its own prediction market business.Although there is currently no public evidence showing that Donald Trump Jr. or the Trump family is trading on government insider information, the potential conflicts of interest arising from the intertwining of presidential public information, market trading, and family business interests are drawing external attention. Federal agencies are still investigating whether former White House teleprompter operator Gabriel Perez used advance knowledge of Trump's speech content to trade in related markets on Kalshi. The team of Donald Trump Jr. and the Trump Media Technology Group have yet to formally respond to requests for comments regarding insider trading related to the prediction market.

Yushu Technology will launch its new stock subscription on Monday. According to public information, its issue price is 150.8 yuan, corresponding to an issue market value of approximately 61 billion yuan.According to on-chain analyst Yu Jin (@EmberCN), currently, the pre-market contract price on the Hyperliquid platform is about 88 USD (approximately 587 yuan), corresponding to a market value of about 237.4 billion yuan, which is about 3.9 times higher than the valuation corresponding to the issue price. Based on the pre-market price calculation, if one wins a subscription for 500 shares, the potential profit is about 220,000 yuan. In addition, based on the maximum subscription of 12 lots, the probability of winning one lot is about 0.3%.

CLR revealed on platform X that pump.fun is attracting users to migrate from the FOMO platform through an incentive program. According to the disclosed agreement documents, pump.fun plans to offer eligible users a one-time signing bonus of $20,000 and a fixed monthly salary of $30,000. The agreement requires users to: migrate funds and trading positions from the FOMO platform to pump.fun; use a new wallet that has not been used by other platforms as an exclusive wallet; bind their X (formerly Twitter) account to the pump.fun wallet; publicly declare on their X homepage that this wallet is the only public wallet; and permanently delete and close their FOMO platform account.In addition, users must also meet real trading requirements, including completing at least $25,000 in trading volume on pump.fun each month (or 25% of the previous average monthly trading volume on the FOMO platform).

According to South Korean media NATE, the Korea Regulatory Reform Committee has proposed amendments to the enforcement decree of the Specific Financial Transaction Information Act, excluding minor violations from the qualification restrictions for major shareholders of Virtual Asset Service Providers (VASP).This move has sparked discussions in the market regarding exchange mergers and acquisitions, the entry of new businesses, and the fairness of regulation. The proposal to relax restrictions also involves issues related to the boundaries of the enforcement decree's authority.

The Hong Kong Securities and Futures Commission has announced that Polar Tensor has been included in the list of suspicious virtual asset trading platforms, and 17 related websites have been listed.The Hong Kong Securities and Futures Commission reminds that Polar Tensor and its website are not licensed by the Commission to conduct regulated activities in Hong Kong.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.538 billion, with long positions of $2.25 billion, accounting for 49.57% of the total holdings, and short positions of $2.289 billion, accounting for 50.43% of the total holdings. The profit and loss for long positions is -$84.7335 million, while the profit and loss for short positions is $13.5707 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.7517 million.

U.S. Vice President JD Vance stated in an interview with Fox News that Iran has informed the U.S. that it currently has "no" plans to impose tolls in the Strait of Hormuz. "Some people within the Iranian regime will certainly talk about imposing tolls. But the Iranian side has told us that they do not have plans to impose tolls in the Strait of Hormuz; they have already informed us that they would do so, and the entire Gulf Cooperation Council hopes so as well.But you know, we are not gullible; we will verify. What we are concerned about is not people's words, but their actions."

White House cryptocurrency advisor Patrick Witt posted on the X platform that the U.S. Congress has been pushing for cryptocurrency market structure legislation for many years, and the Senate has been negotiating the CLARITY Act since last summer. However, in the past week, Chuck Schumer and so-called "pro-cryptocurrency Democrats" blocked the bill from undergoing procedural voting before the recess and requested further delays.Patrick Witt warned that if the bill does not make progress before September 15, the likelihood of it passing in the future will be significantly reduced.

On July 17, French Foreign Minister Jean-Noël Barrot submitted Bill No. 921 to the Senate, proposing to incorporate the Crypto Asset Reporting Framework (CARF) established by the Organisation for Economic Co-operation and Development (OECD) into French law and to automatically exchange encrypted data with 48 countries that have signed related agreements.The exchanged information includes specific transactions, user names, addresses, tax identification numbers, places of residence, and the cumulative transaction value during the reporting period. EU member states have prepared to conduct relevant data exchanges based on the DAC-8 directive, which will take effect on September 30, 2027. After the bill is approved, the French government will accelerate the collection of encrypted data. A Chainalysis report indicates that by 2026, France had recorded 30 publicly known violent robberies of crypto assets; the report states that a tax official in the Paris region is suspected of selling data on high-net-worth crypto holders.

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.

According to a report by Wall Street Journal, the AI fund Situational Awareness, which was previously disclosed to have suffered significant losses due to a sharp correction in AI-related stocks, is seeking new capital injection. However, the fund's experience of blowing up has not become a stain in Silicon Valley; instead, it has reinforced the "hero persona" of founder Leopold Aschenbrenner. Many Silicon Valley investors see it as an opportunity to "buy the dip" and continue to support this former OpenAI researcher turned investor. The fund has now informed investors that it will not accept new capital for the time being, but the enthusiasm from the outside has not waned. Senior venture capitalist Elad Gil even publicly announced his first application to invest in Aschenbrenner's fund.In addition, Morgan Stanley, which previously refused to provide prime brokerage services to Situational Awareness, has changed its stance and plans to include the fund as a prime brokerage client in the coming weeks.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: Nongshim Red Force vs DN SOOPers - LCK Third to Fourth Round Promotion Group," the "Yes" option win rate for the sub-market "Both teams kill a dragon" has experienced a sharp fluctuation, rising from 51% an hour ago to the current 90% (a fluctuation of 39%). Please note the impact of related breaking news.

GSR's latest report indicates that most DAOs in the crypto industry have structural defects in treasury management, with about 70% of treasury assets concentrated in the project's native tokens.GSR states that this asset structure may create a pro-cyclical negative feedback loop: when the price of the native token falls, the value of the treasury shrinks, while protocol revenue and market activity are affected, further increasing the financial pressure on the project.Project teams typically seek to hedge only after the token price has dropped, but by this time, the market's implied volatility has often risen, significantly increasing the cost of risk protection.GSR suggests that DAOs should separate operational reserves from long-term token holdings and consider using collar strategies to build downside protection, reducing the impact of market declines on the treasury and extending the project's funding usage cycle during bear markets.GSR believes that in the short term, more projects adopting hedging strategies may drive growth in trading volume in the crypto options market, but the impact on spot prices is limited; in the medium term, if the structure of DAO treasuries improves, it is expected to reduce systemic selling pressure in the market.

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that Bitcoin spot ETFs recently recorded the strongest weekly inflow since April of this year, with a net inflow of approximately $1 billion, marking the third-best performance since last October's "Silent IPO" event. Several products, including BlackRock's iShares Bitcoin Trust ETF (IBIT) and Fidelity's Fidelity Wise Origin Bitcoin Fund (FBTC), have seen inflows for multiple trading days following the Coldcard wallet incident.Eric Balchunas added that while a causal relationship cannot be fully confirmed, the strong correlation between fund flows and the timing of events is "hard to ignore." If it is ultimately proven that the Coldcard incident becomes the starting point for the next Bitcoin rally, it would be somewhat ironic—because attacks on Bitcoin cold storage wallets are typically viewed as one of the worst security incidents, yet market sentiment may shift as a result. Recent ETF fund inflows indicate that institutional investors' demand for Bitcoin allocation is recovering, and the market is reassessing the impact of previous security incidents.