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According to Bloomberg, Binance affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore have filed a lawsuit in Hong Kong against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao, accusing the three of breaching agreements by redirecting over 470,000 users from Binance Card to RedotPay, claiming damages of $472.8 million. Binance stated that since March 2026, it discovered that RedotPay had been allowing Binance Pay funds to be used for RedotPay card top-ups without isolation, claiming that this cooperation allowed RedotPay to obtain approximately $304 million in user funds from Binance Pay. RedotPay responded that it will vigorously defend against all allegations and that it does not affect the company's daily operations.In addition, Binance affiliated entity Chaintecs has also filed a lawsuit against RedotPay affiliates in Singapore, with a hearing scheduled for Friday. RedotPay had previously sought an IPO with an estimated valuation of approximately $4 billion, stating that its annualized payment volume currently reaches $14 billion, with annualized revenue of $180 million and over 8 million users.

SolanaFloor stated that the first block time adjustment for Solana under the SIMD-0525 framework will go live on the testnet within two hours.This adjustment lowers the target block time from 400 milliseconds to 350 milliseconds, marking the first step in a four-phase plan to achieve a target block time of 200 milliseconds.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: HANJIN BRION vs Nongshim Red Force - LCK Third to Fourth Round Promotion Group," the "Match Winner" sub-market option "HANJIN BRION" has experienced significant fluctuations in win probability, soaring from 57.5% an hour ago to the current 81.5% (a fluctuation of 24%). Please note the impact of related breaking news.

According to Jinshi, Bank of America expects the yen to strengthen after intervention actions, adjusting its year-end USD/JPY forecast from 152 to 149, with the current level being approximately 157.7.

BIT released a market analysis stating that, from a technical perspective, gold may be in a bottoming phase. The report also pointed out that its views differ from the current market consensus: although the bond market is still factoring in expectations of two rate hikes by the Federal Reserve this year, it judges that there may not be any rate hikes this year.

According to South Korean media MK, the annual tax reform plan previously announced by the South Korean government does not include a proposal to further postpone the taxation of virtual assets (cryptocurrencies), which means that the current legal schedule for taxation in 2027 is likely to remain.According to the current South Korean Income Tax Act, starting in 2027, income from the transfer and lending of virtual assets will be classified as "other income," and investors will enjoy a tax-free allowance of 2.5 million Korean won per year. Any amount exceeding this will be subject to a 20% income tax, along with an additional 10% local income tax, resulting in a combined tax rate of 22%.

Web3 game platform Yooldo announced that it has received a strategic investment of $1 million from FZF Ventures.The company stated that this financing will be used to further strengthen the Yooldo ecosystem and support long-term development plans. Currently, discussions about additional investments between the two parties are also underway.

According to The Block, former Los Angeles police officer Eric Halem was sentenced to life in prison plus 15 years for his involvement in a cryptocurrency-related robbery case.

A research report published by Blockworks Research shows that among the 1,972 tokens that first broke through a circulating market value of $50 million between January 2020 and December 2025, only 4.1% outperformed Bitcoin as of June 2026. Among tokens with at least 24 months of historical data, this percentage drops to 1.7%. The median token in the full sample has lost 97% since entering the statistics.The report points out that the token market presents a pyramid structure with a "wider base and thinner top." The number of tokens with a market value exceeding $1 million reached a historical high of 3,648 in December 2024, but the tier with a market value exceeding $250 million has continued to shrink since peaking in November 2021, with only 102 tokens above that threshold as of June 2026, about one-third of the 279 in November 2021. Among the 187 tokens that outperformed Bitcoin during the 2020-21 bull market, 86.1% have since fallen at least 90% from their peak in November 2021, with only OKB continuing to outperform Bitcoin.The report also found that token performance deteriorates more rapidly over time: 86% of tokens issued in 2024 fell below 10% of their initial price within 24 months, while the proportion for tokens from 2020 during the same period was 18%. The median peak price of new tokens after 2023 is only 0.93 times the listing price, meaning it has never exceeded the listing price, while the median peak price for 2020 tokens reached 5.1 times. Exchange tokens are the only significant over-representatives in the long-term outperforming Bitcoin group, with BNB, OKB, GT, LEO, BGB, WBT, MX, and CAKE (PancakeSwap) all outperforming Bitcoin, sharing the common feature of fee revenue being used for regular buybacks and burns. The report's authors state that the crypto market is shifting from a broad token expansion to a pattern driven by a few high-quality assets.

According to Gate market data, as gold prices approach a one-month high, U.S. gold mining stocks generally rose in pre-market trading. Newmont Corporation (NEM.N) rose by 3.5%, Gold Fields Limited (GFI.N) rose by 5.4%, and Harmony Gold Mining Company Limited (HMY.N) rose by 4.6%. The SPDR Gold ETF increased by 2.1%.

According to South Korea's Digital Daily, Apple has recently negotiated with Changxin Memory Technologies (CXMT) on the supply prices of mobile DRAM such as LPDDR5X to reduce costs for the next generation of iPhones and smart devices, but was rejected. Changxin Memory insists on maintaining a price level comparable to or even higher than that of Samsung Electronics and SK Hynix, breaking Apple's usual bargaining advantage as an end manufacturer.The report analyzes that Chinese terminal companies such as Huawei and Xiaomi have locked in a large amount of Changxin Memory's production capacity through long-term high-price contracts, providing a solid price defense line in the domestic market. Meanwhile, Samsung Electronics and SK Hynix are facing reduced supply of general DRAM due to the continuous expansion of HBM capacity, combined with Changxin Memory holding the price floor, significantly alleviating the shipping pressure and price decline risks for Korean manufacturers in the general DRAM sector, allowing them to focus resources on high-value AI storage products such as HBM4, LPCAMM2, and eSSD. Industry insiders expect that in the second half of the year, the operating profit margins of the Korean semiconductor camp and global market pricing power will further strengthen.

Bitget's licensed RWA issuance platform Reality announced a deepened cooperation with the American auditing firm The Network Firm. After the upgrade, The Network Firm will provide daily Proof of Reserve (PoR) audit reports for the rToken, a U.S. stock token issued by Reality, based on the attestation standards set by the American Institute of Certified Public Accountants (AICPA). The aim is to verify that each issued rToken corresponds to the stocks or ETF assets held in the custody account. The underlying stocks and ETFs continue to be held by the FINRA-registered and SIPC-protected U.S. brokerage firm Alpaca Securities LLC, forming an independent and transparent structure for issuance, verification, and custody.The rToken issued by Reality currently supports 634 tokenized stocks and ETFs and is deeply integrated with the Bitget ecosystem, allowing for core scenarios such as unified account margin and collateralized lending. Previous data showed that the assets under management (AUM) of Bitget's stock token rToken exceeded $100 million one month after its launch.

Bitcoin Treasuries.NET posted on platform X that the French Bitcoin treasury company Capital B ALCPB has been listed on Cboe Europe, the largest pan-European stock exchange.This move further expands institutional investors' access to Capital B shares.

According to Jinshi reports, the Houthi armed forces in Yemen stated that they attacked a Saudi oil tanker in the Red Sea.

Fortune magazine recently published a commentary article pointing out that with the rapid rise of China's open-source AI models, the competitive landscape of the global AI field is changing. The real contest has shifted from U.S.-China rivalry to the battle between open-source and closed-source models. The article cites data from the independent evaluation platform Artificial Analysis, stating that the intelligence index of DeepSeek V4 Flash is only 1 point lower than that of GPT-5.6 Luna. Even though OpenAI has reduced prices by 80%, the former's single-task cost is still 60% lower.The author notes that while U.S. export control policies aim to limit China's AI development, they have objectively stimulated innovation at the architectural level among Chinese companies, forcing them to shift towards open-source and low-cost routes. Chinese models attract global developers to participate in improvements by opening weights, while transferring inference costs to overseas cloud service providers, achieving a low-cost global layout. Regarding the viewpoint that open-source models "cannot be profitable," the article argues that their profit model is similar to that of open-source software: users pay for hosting services, and most companies are not inclined to self-deploy.The article also points out that recently, several figures in the U.S. tech community, including former White House AI official David Sacks, have begun to support open-source, and NVIDIA CEO Jensen Huang has also called for the industry to embrace open-source. The author urges both China and the U.S. to cooperate in the field of AI security, viewing open-source AI as a "global public good," rather than falling into a zero-sum competition that costs trillions of dollars.

According to Jinshi reports, German chip manufacturer Infineon expects fourth-quarter revenue for the period ending in September to reach approximately 4.7 billion euros (5.4 billion dollars), exceeding analysts' average expectations of 4.6 billion euros. This growth is mainly attributed to the increased demand for data center chips and rising prices.Infineon CEO Jochen Hanebeck stated that the demand for power solutions aimed at artificial intelligence data centers remains strong, becoming an important growth driver for the company.

According to ThePayPers, the digital investment service platform InvestiFi has completed a $20 million financing round, led by Vibe Credit Union, with participation from several U.S. credit unions including BankTech Ventures, ICCU (Idaho Central Credit Union), United Financial Credit Union, and Coastal Credit Union.InvestiFi enables traditional financial institutions to directly offer cryptocurrency trading, as well as investment services for stablecoins, stocks, ETFs, etc., within their existing online banking systems, allowing users to invest directly through checking or savings accounts without the need to transfer funds between bank accounts and external brokers or crypto platforms. The new funding will be used to scale the platform.

On August 5, WEEX announced that it has launched zero-fee trading for PREDIX (PDX), Uniswap (UNI), and NEAR Protocol (NEAR), and is offering a 20,000 USDT exclusive airdrop for newcomers. Event duration: 8/4 17:00 - 8/11 17:00 (UTC+8).

According to the official announcement, Bitget has launched perpetual contracts for 5 stocks and ETFs: PEP (PepsiCo), BKNG (Booking Holdings), SSPC (2x Short SPCX ETF), SPCH (2x Long SPCX ETF), and GFS (GlobalFoundries).The above contracts are settled in USDT, supporting up to 20x leverage and 24/7 trading.