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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.

Robinhood announced on the X platform that it has lowered the gas fee subsidy threshold for Robinhood Wallet on the Robinhood Chain from $5 to $0.50, a reduction of 90%.Robinhood stated that after the adjustment, more users will be able to enjoy gas fee subsidies when conducting swap transactions, and this subsidy policy will last until September 29.Previously, Robinhood Wallet had already covered part of the on-chain transaction fees for users through the gas sponsorship mechanism. This reduction in the subsidy threshold aims to further lower the entry costs for users into the Robinhood Chain ecosystem and enhance the activity of on-chain transactions.

The U.S. Commodity Futures Trading Commission (CFTC) issued a notice reminding regulated entities involved in the listing, promotion, or acceptance of event contracts to ensure that consumers are provided with clear and accurate product pricing information, avoiding misleading market participants, including the obligation to display clear and accurate derivative pricing information.The CFTC's Market Oversight and Market Participants divisions stated that registered entities and relevant personnel must comply with regulatory requirements, ensuring that users fully understand the product attributes in the CFTC-regulated market, and strengthen the supervision of information disclosure by intermediaries, related parties, and partners. It was also specifically pointed out that displaying event contract prices using the common "American odds format" may mislead traders' understanding of the product nature and prevent users from fully obtaining key trading information such as market depth and price impact.The CFTC requires that market participants clearly show consumers that the products are event contracts on CFTC-regulated exchanges, and any misleading pricing display behavior related to regulated products may violate relevant provisions of U.S. federal law regarding the prohibition of manipulative trading practices.

According to Arkham monitoring, Morgan Stanley has once again "bought the dip," investing $15.05 million through its spot Bitcoin exchange-traded fund MSBT to increase its holdings by approximately 232.548 BTC. As of now, its total Bitcoin holdings have surpassed 6,500 for the first time, currently reaching 6,563, valued at over $426 million.

According to market news, Binance has started to open the stock asset transfer feature for US stocks. Some users can transfer US stock assets held by other brokerages into Binance, and they can also transfer US stock assets from their Binance accounts to other brokerages. Currently, this feature is in gray testing and is expected to be fully opened soon.

The European Union (EU) has decided to review the current regulatory framework for crypto assets and stablecoins, even as the European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union is still consulting on whether to review the MiCA-related stablecoin provisions. This review aims to address the issue of non-EU stablecoin issuers being unable to obtain licenses due to current requirements.The review will be influenced by the passage of the U.S. GENIUS Act and the Trump administration's push for stablecoin policies. The current framework does not include major foreign stablecoin issuers, including Tether, and Patrick Hansen, Senior Director of Stablecoin Strategy and Policy at Circle, stated that this leaves European crypto users unprotected or isolated. EU diplomats will also assess whether to expand the scope of MiCA to include tokenized payment methods and tokenized deposits. The transition period for MiCA, aimed at crypto asset service providers, ended on July 1, and the framework was approved by the EU Council on May 16, 2023, with some provisions based on market conditions from over three years ago.

According to SoSoValue data, the total net inflow of Ethereum spot ETFs is $49.601 million.The Ethereum spot ETF with the highest net inflow in a single day is the Blackrock ETF ETHA, with a single-day net inflow of $38.1476 million. Currently, the historical total net inflow of ETHA has reached $11.65 billion. The second is the Fidelity ETF FETH, with a single-day net inflow of $11.4535 million. Currently, the historical total net inflow of FETH has reached $2.125 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.744 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 4.65%. The historical cumulative net inflow has reached $11.455 billion.

The U.S. Senate has postponed the vote on the CLARITY Act until after the summer recess, increasing uncertainty about the bill's passage in the short term.The CLARITY Act had previously received bipartisan support in the House of Representatives and aims to establish a federal regulatory framework for digital assets, clarify the responsibilities of different regulatory agencies, and promote the further integration of crypto assets into the U.S. financial system.North Carolina Republican Senator Thom Tillis stated that with the vote postponed until September, the probability of the bill's final passage "may have decreased by 50%." Wyoming Republican Senator Cynthia Lummis, who is responsible for pushing the negotiations, indicated that discussions have been ongoing for nearly 11 months, the bill text has increased by about 300 pages, and it has responded to numerous amendment requests from Democrats, and it should now enter the voting phase.Currently, Democrats still oppose the existing version, with the main disagreement centered on the restrictions on government officials' interests in crypto assets. Democrats believe that the current version does not adequately limit federal officials' investments and promotion of crypto assets, nor does it require relevant personnel to fully divest from related holdings, while also seeking to grant state attorneys general stronger enforcement powers.Some Democratic and Republican lawmakers had previously pushed for the inclusion of stricter ethical oversight provisions, but negotiations are still ongoing. Democrats are particularly concerned about the connections between Trump and his family with crypto projects like World Liberty Financial.Previously, the crypto industry hoped the Senate could advance procedural voting before the summer recess to adjust political investments during the 2026 midterm elections based on legislative progress. Data shows that the crypto industry's main political action committee, Fairshake, held nearly $200 million in cash reserves at the beginning of this cycle.

According to Lookonchain monitoring, a certain whale (0x7C5...7b86) sold ETH after holding it for over 3 years, currently incurring a cumulative loss of over 19 million dollars.This whale purchased ETH at an average price of 2723 dollars in February 2022 and March 2023, and then proceeded to stake it. 10 hours ago, this whale sold 7323 ETH, worth 13.96 million dollars.

Bitcoin developer Kevin Loaec warned that if a Bitcoin fork related to the controversial proposal BIP-110 occurs this weekend, holders may face the risk of real BTC being transferred when selling forked chain tokens.The proposed Bitcoin fork is associated with the controversial BIP-110 proposal and may generate duplicate balances on two chains, leading holders to attempt to sell seemingly free forked coins.Since both chains initially accept the same transactions, selling forked coins could trigger a replay attack, simultaneously spending real Bitcoin from the seller's main chain. Developers stated that there is a lack of built-in replay protection at least until early September, and non-professional users should avoid transferring Bitcoin during the potential fork.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.475 billion, with long positions totaling $2.206 billion, accounting for 49.3% of the holdings, and short positions totaling $2.269 billion, accounting for 50.7%. The profit and loss for long positions is -$96.074 million, while the profit and loss for short positions is $26.9193 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a 3x leverage at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.6817 million.

VeChain Foundation announced the entry into the next phase of the Renaissance roadmap, Interstellar. Previously, Galactica completed the EVM foundational upgrade, and Hayabusa completed the transformation of consensus and token economics. Interstellar aims to deepen the EVM compatibility of VeChainThor with the Ethereum ecosystem and expand developer capabilities.The first upgrade proposal, VIP-255, will introduce execution layer improvements compatible with Ethereum versions such as Cancun, Prague, and Osaka, including transient storage, MCOPY instruction, and cryptographic support for BLS12-381 and secp256r1. Voting will take place from August 10, 2026, 00:00 UTC to August 17, 2026, 00:00 UTC via the VeVote platform, allowing validators and eligible StarGate NFT holders to participate. This upgrade does not affect the VET and VTHO token economics, and regular holders do not need to take any action.

Joseph Chalom, CEO of the Ethereum treasury company SharpLink, posted in opposition to Ethereum Improvement Proposal EIP-8363. According to his disclosure, the current network issues new ETH to validators as staking rewards at a variable yield rate of about 2.75%. If the proposal is passed, it will be implemented in phases over approximately a year and a half, gradually destroying part of the issuance rewards as the staking amount increases. When about 50% of ETH is staked, the staking yield will drop to 0%, and validators will only be able to rely on transaction fees, which currently account for only 15% of staking rewards, to sustain themselves.Chalom presented four points of opposition:Staking yield is the factual benchmark for all on-chain interest rates. The approximately $35 billion TVL of liquid staking tokens is the core collateral for on-chain lending. A yield of zero will raise on-chain capital costs, making actual yields approach or even become negative. Collateral will migrate to assets that still generate yields, and independent stakers and small to medium operators will be the first to be squeezed out.The native yield characteristic is precisely the key reason institutions choose ETH over Bitcoin. Erasing this difference is equivalent to voluntarily giving up its competitive advantage just as ETH is outperforming Bitcoin.Issuance is not a cost to external parties but a transfer of value to security maintainers and builders within the network. Destroying it is a destruction of value rather than a redistribution of this portion of value.The current timing is the worst; Ethereum is in a rising phase of institutional adoption, and destruction incentives will suppress this wave of adoption momentum.He stated that SharpLink agrees with the proposal authors' goal of making ETH scarce and stabilizing the staking rate at a reasonable level, but believes this should be achieved through the existing base fee destruction mechanism rather than altering the economic foundation of the protocol.

The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning about the risks of American odds in prediction markets.

According to the Financial Times, Jane Street is negotiating with several investors, including Pimco, to transfer its approximately $11 billion in debt from the public market to private instruments through a private credit deal.Analysis indicates that this debt transfer by Jane Street aims to reduce the quarterly financial disclosure requirements to a large number of creditors while providing greater flexibility for the company to further invest in AI infrastructure (such as data centers and related technologies).