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The Coinbase Bitcoin Premium Index's negative premium has narrowed to -0.0221%, but it remains in a negative premium state. Data shows that from May 19 to August 21, this indicator has been in the negative premium range for 95 consecutive days, setting a record for the longest continuous negative premium since the indicator was launched. The previous longest record was 40 consecutive days from January 16 to February 24 of this year, which also exceeded the approximately 30 days of continuous negative premium during last year's "1011 crash."The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A continuous negative index usually indicates that Coinbase's quotes are relatively low, reflecting weak buying in the U.S. market or significant selling pressure, but it is not advisable to directly conclude that institutional funds are flowing out based solely on this indicator.

Bitwise CEO posted on the X platform that the Bitwise ETF's trading volume exceeded $300 million again today, the same as yesterday. The rankings of the top five trading amounts have slightly changed: Bitwise Bitcoin ETF BITB approximately $106 million, Bitwise XRP ETF XRP approximately $82 million, Bitwise Solana ETF BSOL approximately $45 million, Bitwise Ethereum ETF ETHW approximately $42 million, and Bitwise Hyperliquid ETF BHYP approximately $30 million.He stated that the price seems to have rekindled market interest.

According to Digital Asset, on August 20, members of the Korean National Power Party, including Yoon Tae-yong, proposed an amendment to the Specific Financial Information Act, which aims to grant the Financial Intelligence Unit (FIU) direct enforcement authority over unreported virtual asset service providers.According to the amendment, anyone can report illegal activities to the FIU. Upon receiving a report or discovering suspected violations, the FIU can initiate investigations and analyses, and refer the case to or notify investigative authorities. The proposal points out that while current laws impose reporting and anti-money laundering obligations on virtual asset service providers, there are no direct enforcement measures against unreported operators, posing risks of money laundering and illegal cross-border transfers, making it difficult to respond quickly relying solely on inter-agency coordination.

Trader Murphy (@Murphychen888) posted on the X platform, stating that despite multiple negative influences such as the pullback in U.S. stocks, Strategy selling BTC, and the rebound in oil prices, BTC has not shown a significant decline, which may be related to its chip structure. Data shows that over 2 million BTC have been concentrated in the trading range of $62,000 to $64,000, causing the cost for many holders to converge, resulting in a low willingness to sell in the short term.He indicated that BTC experienced nearly two months of low volatility sideways movement, and within three days, it quickly rose from $64,000 to $75,000. However, the chips around $63,000 have not significantly decreased, while the chips in the range of $68,000 to $74,000 remain relatively sparse, indicating that holders in the previously concentrated area have not taken large-scale profits. He expects that as the price continues to rise, the chips may gradually loosen and form a new chip concentration area; if a new effective support is not formed, BTC may test the support strength of the chip concentration area around $62,000 to $63,000 again.

Bitget Launchpool project Aligned (ALIGN) is now open for investment, with a total prize pool of 9,666,666 ALIGN. The locking channel deadline is August 27 at 11:00 (UTC+8). This round of Launchpool opens 2 locking pools, including:BGB locking pool: total airdrop of 8,333,333 ALIGN, VIP user locking limit of 50,000 BGB, ordinary user locking limit of 5,000 BGB;ALIGN locking pool: total airdrop of 1,333,333 ALIGN, individual locking limit of 33,333,333 ALIGN.

CITIC Securities International published a report indicating that Pop Mart (09992.HK) reported earnings in the first half of the year that were 15---20% below market expectations, mainly due to a 10% decline in sales in the Americas. An unfavorable product mix eroded gross margins, exacerbating margin pressure. The firm has lowered its average earnings expectations for Pop Mart for 2026---2028 by 25%; the target price is set at HKD 121, based on a projected price-to-earnings ratio of 14 times for 2027; it recommends "Sell."The firm also lowered its average sales forecasts for Pop Mart for 2026---2028 by 17%, reflecting further downward adjustments in overseas sales expectations following disappointing performance in the first half of 2026, and has reduced the gross margin expectations for 2026/2027 by 0.2 percentage points/1 percentage point, respectively, to reflect the structural decline in the proportion of overseas business and the pressure from raw material costs.

The Hungarian Parliament passed Bill XXXVIII of 2026, which abolishes legal provisions related to cryptocurrency asset conversion services, including the verification requirements that European exchanges must pass to operate legally in Hungary. The bill was voted on and passed on July 31 and came into effect on August 7.This abolition simultaneously cancels two charges related to cryptocurrency assets: unauthorized trading of high-value cryptocurrency assets can result in a maximum of 5 years in prison, and violating verification obligations when providing cryptocurrency exchange services can result in a maximum of 8 years in prison. The relevant provisions were criticized for overlapping with the EU MiCA framework.

According to Defillama data, the DeFi market has rebounded strongly, with TVL jumping 9.15% in a single day to $83.216 billion. Spot DEX trading volume reached $10.886 billion, breaking the $10 billion mark for the first time since June 5.The trading volume of decentralized perpetual contract platforms reached $36.72 billion, with Hyperliquid processing $15.205 billion in a single day, accounting for about 45% of the total trading volume of perpetual DEX. Its HYPE token price also rose to the $70 range. Uniswap continues to lead spot DEX with a trading volume of about $3.1 to $3.4 billion, while Solana ranks first in activity among spot DEX across various periods.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $6.028 billion, with long positions totaling $2.928 billion, accounting for 48.57% of the holdings, and short positions totaling $3.1 billion, accounting for 51.43%. The profit and loss for long positions is $343 million, while for short positions it is -$365 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $49.6118 million.

According to BBX data, yesterday global US stock, Japanese stock listed companies, and mining companies disclosed the latest official accounts regarding digital asset treasury allocation, increases, and second-quarter financial data. The core updates are as follows:Solana treasury company Solmate increased its holdings by 1,000 SOL: Nasdaq-listed Solana treasury company Solmate Infrastructure PLC (NASDAQ: $SLMT) officially announced that the company increased its holdings by approximately 1,000 SOL on August 20, 2026. As of that day, the company had accumulated approximately 1.25 million SOL, with the total value of SOL holdings reaching approximately $102.2 million.Remixpoint increased its holdings by 9.96 bitcoins, total holdings surpassed 1,500: Japanese Bitcoin treasury listed company Remixpoint announced that it has again increased its holdings by 9.96 bitcoins in the secondary market. Following this increase, the company's total Bitcoin holdings have officially risen to 1,501.27 BTC.Ionic Digital (NASDAQ: $IOND) released Q2 financial report, AI computing revenue proportion surged to 90%: Nasdaq-listed company Ionic Digital announced its second-quarter financial report for 2026. The company's total revenue for Q2 reached $48.6 million (a year-on-year increase of 31%), with digital infrastructure leasing (AI/HPC) revenue accounting for as much as 90%, completely transforming the business structure that relied almost entirely on Bitcoin mining in the same period last year (mining revenue dropped from $37.2 million to $4.8 million). The net loss for the quarter was $35.3 million (mainly affected by a $28.2 million non-cash fair value change loss on Bitcoin and income tax provisions), and adjusted EBITDA was $37.6 million. As of the end of the quarter, the company held $415.7 million in cash and 2,882 bitcoins (worth approximately $168.7 million).DCG's Fortitude mined over 33,000 ZEC in Q2: Digital Currency Group's Zcash miner Fortitude announced its operational performance for the second quarter. The company's total revenue for the quarter was $20.9 million, adjusted EBITDA was $8.5 million, and net loss was $9.5 million. In terms of core mining operations, approximately 33,646 ZEC were mined during the quarter, with average operational hash rate stable at 4.0 GSol/s.

ARK Invest Research Director lorenzoark suggested that Hyperliquid acquire the U.S. compliant trading platform Gemini, transforming it into a U.S. regulated HIP-3 and HIP-4 deployment platform. Hyperliquid is in contact with the CFTC and SEC to support U.S. regulated companies in offering perpetual contract trading and settlement on its public chain. Gemini went public in September 2025 with a valuation of $3.3 billion, and its current market value is approximately $450 million, down over 85% from its IPO. Its core business is under pressure, having scaled back operations in the UK, EU, and Australia, with staff reduced by about 40% from a peak of 402 to 402, and platform assets decreasing from $18.2 billion to $8.4 billion, with spot trading volume down 66%.Approximately $450 million would secure Gemini's complete U.S. regulatory license portfolio, including the NYDFS trust license, CFTC-regulated DCM (Gemini Titan), DCO (Gemini Olympus), an ongoing FCM, nearly all state MTLs, and broker-dealer licenses. In comparison, Kraken's parent company acquired Bitnomial for up to $550 million, making Gemini's overall market value lower. After the acquisition, it could inherit operational assets such as approximately 580,000 monthly active trading users, 1.72 million lifetime users, $8.4 billion in platform assets, quarterly spot volume of $3.8 billion, and approximately $180 million in annualized revenue.

According to on-chain analyst Yu Jin's monitoring, a whale/institution named "7 Siblings" bought after ETH dropped more than 10% in a short period and sold after it rose more than 10% in a short period. In February and June of this year, after ETH experienced declines of over 10% on two occasions, this whale/institution made purchases, with the buying price in June being $1789.In the last day and a half, ETH rose over 20%, and 7 Siblings (0x28a...a6b) began to sell; in the past 6 hours, they sold 9,000 ETH, exchanging it for 21.04 million USDT, at an average price of $2338.

According to The Defiant, Arbitrum activated the ArbOS 61 Elara upgrade on August 20, adding optional protocol-level transaction filtering, priority fee support, and alternative data availability interfaces for dedicated chains, while adjusting the base fee management and expanding the Stylus contract capacity of Arbitrum One. The compliance filtering feature is turned off by default and requires the chain owner to actively configure external compliance service providers (such as TRM Labs or Chainalysis) and set rules, executing through a dual mechanism of simulated transactions and on-chain guardians.The priority fee feature is also turned off by default and requires the chain owner to enable it through pre-compilation. The collection of priority fees on Arbitrum One still requires a separate DAO vote. Elara also introduced the BaseFeeManager contract, allowing Offchain Labs to adjust the base fee within the DAO-approved range of 0.01 to 0.1 gwei, with a validity period of two years. The code size limit for Stylus contracts has been increased from 24KB to 96KB, which does not apply to Solidity contracts.

According to CryptoSlate, researchers from USENIX Security have publicly disclosed a clock attack vulnerability targeting Solana's Proof of History (PoH) mechanism, which was privately reported to the Solana development team back in December 2025. The research shows that a malicious scheduler leader can manipulate the PoH logical clock by "re-anchoring," slowing down the advancement of logical time, thus gaining a longer transaction selection window in physical time, and isolating honest leader blocks using the TowerBFT fork choice mechanism, with the required staking ratio for the attacker being less than 33%.The Alpenglow security competition with a reward of 50,000 SOL under Anza concluded on August 19, but the vulnerability was excluded from the review scope due to the competition rules that state "actions that can only be triggered when Alpenglow is not activated." The Solana development team stated that they are aware of the related behavior, believe that the probability of the most severe scenario occurring under current conditions is low, and expect that the Alpenglow upgrade will fundamentally eliminate the prerequisites for the attack. Currently, the Alpenglow code has been included in the Agave 4.2 client but has not yet been activated on the mainnet, and is expected to go live with Agave 4.3. Until then, the transitional risk of this vulnerability has not been publicly analyzed or addressed at the implementation level.

Binance founder Zhao Changpeng called for "tokenizing everything," stating that tokenization is one of the best ways for countries to raise funds or attract foreign direct investment. He asked, "Which country or company wouldn't want to sell its tokenized stock globally?" He supports tokenization across all blockchains, acknowledging that it may lead to liquidity fragmentation issues, but believes this is the fastest way for the industry to develop. If high interchangeability can be achieved among different issuers, the fragmentation issue can be resolved to some extent.Zhao Changpeng also shared data related to BNB Chain, showing that the number of RWA holders on BNB Chain has reached 776,000, an increase of approximately 370% in 30 days.

The latest research from the Anti-Corruption Data Collective (ACDC) shows that at least 152 anonymous wallets on Polymarket may have profited approximately $8 million by trading on advanced knowledge of U.S. military and defense-related information, achieving an average win rate of 97.2%. However, the research institution emphasizes that blockchain data itself cannot prove the actual identities of the controllers of these wallets, nor can it confirm the sources of their information, and therefore insider trading cannot be established based on this.ACDC analyzed settled markets on Polymarket, focusing on "low probability high stakes" behaviors, which are trades that cumulatively bet at least $2,500 within one hour, with corresponding outcome probabilities not exceeding 35%. The study identified 556 wallets with abnormal trading patterns, of which 152 were involved in military and defense markets. These wallets were referred to by researchers as "Orcas," characterized by their sudden appearance, betting on low probability events, and achieving abnormally high success rates before profiting and exiting.The research found that the success rate of low probability bets in military and defense markets was significantly higher than the overall level on Polymarket, and some abnormal trades quickly attracted large traders and automated trading bots to follow. For example, before a U.S. attack on Iranian nuclear facilities in June 2025, an abnormal bet on U.S. military action appeared, after which an automated trading bot subsequently bet $200,000, and another large trader bet $100,000. Researchers also found similar abnormal bets and follow-on trading behavior before the U.S.-Israeli attack on Tehran.David Szakonyi, co-founder of ACDC, stated that the abnormal trading activities on Polymarket are more public than many traders realize, and large traders and bots are already tracking and replicating suspected informed trades, so foreign intelligence agencies may also be monitoring these public on-chain trading activities. The issue of insider trading in prediction markets has recently received ongoing attention from regulatory agencies. In April, the Commodity Futures Trading Commission (CFTC) accused U.S. Army soldier Gannon Ken Van Dyke of trading Polymarket contracts using confidential information regarding the capture of former Venezuelan President Maduro, allegedly profiting over $404,000. This case is not directly related to the 152 wallets identified. Additionally, in May, the CFTC also charged a Google software engineer with trading 23 Polymarket contracts using confidential information related to the company's 2025 "annual search" rankings, profiting approximately $1.2 million with near-perfect accuracy. Polymarket has previously stated that the company closely monitors suspicious trading and has reported dozens of wallets to the relevant authorities. As the scale of prediction markets continues to expand, insider trading, market manipulation, and national security risks are becoming important reasons for regulatory agencies to strengthen oversight.

A senior Iranian official stated that Tehran plans to attack oil export facilities in the Gulf region, targeting the Saudi Yanbu pipeline and the UAE Fujairah oil terminal, with the aim of driving up gasoline prices in the U.S. and influencing the midterm elections in November.The two facilities together handle about 5.5 million barrels of oil per day.