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The Shanghai Intermediate People's Court has published typical cases, analyzing whether "traffic personnel" involved in telecommunications network fraud related to virtual currencies constitute accomplices in fraud. From February 2022 to April 2023, the defendants, for the purpose of profit, assisted upstream fraudulent activities by "draining traffic," using online virtual phone software to lure victims into related scam groups, ultimately causing 30 victims to be defrauded of more than 2.34 million yuan (the same currency hereafter) by an overseas fraudulent organization. The overseas fraudulent organization transferred funds into the suspects' trading accounts via virtual currency.The Shanghai First Intermediate People's Court pointed out that in telecommunications network fraud cases, "traffic personnel" may constitute accomplices in fraud or illegal use of information networks depending on specific circumstances. The key lies in determining whether they have formed a clear criminal intent connection with the upstream fraudulent organization and whether there is stable cooperation and division of labor. In judicial practice, when assessing the criminal responsibility of "traffic personnel," factors such as their role in the criminal chain, the degree of organizational management, connections with upstream criminals, methods of profit, and abnormal behavior should be comprehensively considered. Actions that only provide general online services and do not form a conspiracy to commit fraud should be distinguished from "draining" actions that knowingly participate in the implementation of fraud.

The decentralized AI infrastructure network DGrid AI announced the $DGAI token economic model, with a total supply of 1 billion $DGAI tokens. Of this, 50% will be allocated to node network operations and node incentives, 15% will be allocated to community growth and ecological participation, 10% will be allocated to team incentives and long-term development, 10% will be allocated to early investors, 8% will be allocated to airdrop rewards, and 7% will be allocated to initial liquidity and secondary market support.According to previous news, DGrid AI opened the $DGAI airdrop eligibility inquiry and application channel on August 17, and the window will remain open until 16:00 Beijing time on August 22.

The $57,000 price level for Bitcoin is a key liquidation point for leveraged long positions. If liquidation is triggered, the weak liquidity situation may amplify the sell-off driven by liquidation.Despite the downside risks, Bitcoin's price shows resilience, and the potential head and shoulders bottom pattern keeps the bullish logic intact.

The PPP prediction market tool monitoring shows that in the Polymarket "OpenAI Astra Release Date" prediction market, the probability of OpenAI releasing Astra before August 31 has risen to 24%, an increase of 8% in 24 hours; the probability of it being released before September 15 is currently reported at 61%, an increase of 6% in 24 hours. According to the settlement rules, if OpenAI releases Astra before the corresponding deadline, or releases a product confirmed to be the same model as Astra and makes it publicly available, the market will settle as "Yes."Public testing or open waitlists qualify, but closed testing and private access do not count; the main settlement basis is OpenAI's official information. Previously, OpenAI disclosed that it would slow down the development process of Astra until appropriate safety measures are established. However, OpenAI founder Sam Altman also stated that Astra is a powerful model, and the company is working hard to make it available to a broader range of users.

On July 23, the European Union passed the 21st round of sanctions against Russia, expanding the trading ban to 14 cryptocurrency service platforms located in Georgia, Panama, the UAE, the Marshall Islands, Kyrgyzstan, and Belarus, and adding 4 new sanctions measures targeting the A7 Russian ruble network. The new regulations will take effect on August 25, prohibiting Russian and Belarusian citizens from holding, controlling, or serving in positions within MiCA cryptocurrency asset service providers in the EU, with the scope extending to services such as consulting, portfolio management, and transferring cryptocurrency assets on behalf of clients.The new regulations also allow the EU to impose a comprehensive ban on cryptocurrency transactions against third countries that have not prevented relevant sanction evasion activities. The list of relevant countries is currently empty and only includes third countries identified by the EU Council as having continuously and systematically failed to prevent the provision of cryptocurrency asset services or the operation of related platforms.

Bitcoin Treasury Company Strategy (formerly MicroStrategy) stated on platform X that its $STRC semi-monthly dividend of $0.50 per share has been paid today. The next semi-monthly dividend payment date for $STRC is August 31.Strategy is known for its large-scale holdings of Bitcoin and financing through the issuance of various preferred stocks and convertible securities. $STRC is one of its related preferred stock products, distributing fixed dividends to shareholders on a semi-monthly basis. The company continues to support its Bitcoin reserve strategy through capital market instruments.

According to Bloomberg, Alibaba has reached an agreement to sell its gaming business Lingxi Interactive Entertainment to the Asian private equity firm Trustar Capital, with the deal valued at least $1.5 billion. Lingxi Interactive Entertainment CEO Zhou Bingshu stated in an internal memo that this move aims to allow Alibaba to better focus on strategic priorities.Alibaba is accelerating its strategic transformation in AI and cloud computing, aiming for AI revenue to reach $100 billion within five years. This month, Alibaba released its largest AI model ever, claiming performance comparable to Anthropic. This sale is the latest initiative by Alibaba to divest non-core assets and focus on its AI strategy.

According to Arbitrum's official disclosure, Robinhood Chain has accumulated a total fee revenue of 5 million dollars in just over a month since its launch. This chain is aimed at programmable financial scenarios and is designed to promote further integration of traditional finance with on-chain infrastructure.Robinhood Chain is built on Arbitrum technology, providing an execution environment for on-chain businesses related to the brokerage Robinhood. The progress of this fee revenue indicates that its early network activity and application deployment speed are relatively fast, reflecting the trend of institutions migrating to programmable finance.

According to informed sources, the investment institution HSG (formerly Sequoia China) is in preliminary discussions with investors to raise at least $1.2 billion for its first dollar fund after the spin-off, primarily investing in AI, healthcare, and consumer sectors.HSG is also considering establishing a growth fund and a renminbi fund, with specific scale and timing yet to be determined. As of January 2025, HSG manages approximately $55 billion in assets and has invested in over 1,700 companies, of which at least 180 portfolio companies have gone public.

According to the official announcement, to meet the diverse investment needs of users, Bitget has launched perpetual contracts for 3 stocks and ETFs: GDX (Gold Mining ETF), NET (Cloudflare), and LYTE (Photonics and Optical ETF).The above contracts are all settled in USDT, supporting up to 20 times leverage and 24/7 trading. As of now, Bitget supports a total of 276 stock perpetual contract underlying assets.

Uniswap founder Hayden Adams (@haydenzadams) posted that as the process of asset tokenization accelerates, AMM (Automated Market Makers) is facing structural opportunities. He pointed out that tokenization is not only an upgrade of market infrastructure but also makes the market programmable, fundamentally changing the way markets are created and the barriers to participation.On-chain liquidity spontaneously forms a pattern of "related asset pairs" — the higher the correlation between asset pairs, the lower the LP inventory risk and the deeper the liquidity, which also reduces the efficiency gap between passive AMM strategies and active strategies, allowing for lower capital costs to "break through" traditional market makers. He used NVDA/SPY as an example, pointing out that if stocks are traded in SPY rather than USD, it will significantly reduce market-making costs, while bridge pairs (such as SPY/USD) will still be competed by professional institutions.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.418 billion, with long positions totaling $2.678 billion, accounting for 49.44% of the holdings, and short positions totaling $2.739 billion, accounting for 50.56%. The profit and loss for long positions is -$65.1752 million, and for short positions, it is -$16.2917 million.Among them, the whale address 0x8c96..57 has shorted BTC with a 40x leverage at a price of $63,991, currently showing an unrealized profit and loss of -$269,800.

Lookonchain posted on platform X that Riot Platforms (@RiotPlatforms) sold a total of 9,665 Bitcoins in the first half of 2026, with a transaction amount of 732 million dollars and an average selling price of 75,785 dollars.

According to on-chain analyst Yu Jin's monitoring, a certain whale spent 2 million dollars last October to buy 518 million PUMP, with a purchase price of 0.00386 dollars per token.1 hour ago, the whale liquidated its PUMP, held for 10 months, at a price of 0.00274 dollars per token, exchanging it for 1.42 million dollars worth of SOL, resulting in a loss of 580,000 dollars, with a loss rate of 29%.

According to bits.media, Maria Patrikeeva, Managing Director of the Derivatives Market at the Moscow Exchange, stated that the exchange plans to launch Bitcoin and Ethereum perpetual futures contracts for professional investors and aims to expand the tradable cryptocurrencies to ten.Perpetual futures are daily rollover contracts with no fixed expiration date, providing flexibility in position management. The exchange will launch crypto derivatives in the summer of 2025, and currently, professional investors can trade quarterly and monthly futures for Bitcoin, Ethereum, Solana, Ripple, and Tron.

Payward (the parent company of Kraken) stated that in the coming weeks, it will use Claude Mythos 5 to scan for vulnerabilities in all Payward environments, and the findings will be directly incorporated into its existing security program.

According to Cointelegrath, Binance is planning to apply for a license from the UK's Financial Conduct Authority (FCA) and intends to relaunch some regulated services in the UK by 2027. Binance's UK subsidiary, Binance Markets Limited, has been prohibited by the FCA from conducting any regulated activities in the UK since June 2021. In 2023, Binance announced a suspension of new user registrations to comply with FCA financial promotion rules. A Binance spokesperson responded to the matter by stating, "We do not comment on speculation regarding potential license applications."The crypto regulatory framework published by the FCA in June requires crypto companies to submit applications between September 2026 and February 28, 2027, with the new system set to officially take effect on October 25, 2027. The FCA's Director of Payments and Digital Finance stated that the framework will impose "similar standards" on crypto companies as those required of other UK financial service providers.

Circle CEO Jeremy Allaire stated on X that the company has recently released a short-term roadmap for agentic capabilities and related standards. This roadmap covers multiple capabilities being built, with a focus on expanding support for agents as work sellers, and involves mechanisms such as agent identity, reputation, verification, and trusted discovery.Allaire pointed out that the above planning aims to promote the implementation of agent-related standards and functionalities, enabling agents to participate in work transactions and service provision. As the issuer of the USDC stablecoin, Circle continues to pay attention to the integration of infrastructure such as payments and on-chain identity with emerging agent scenarios.