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The Korea Exchange will officially launch after-hours trading for exchange-traded funds (ETFs) on September 14, despite concerns in the industry about the volatility of leveraged products.The exchange aims to compete with alternative trading systems like Nextrade and all-weather cryptocurrency exchanges. Asset management institutions warn that the lack of real-time fund net asset value estimates could widen the price deviation of ETFs, and the industry had previously called for a delay in the launch of this business.Individual stock leveraged ETFs will not be included in the scope of after-hours trading.

The Shanghai headquarters of the People's Bank of China held a work meeting for the second half of 2026, during which it emphasized the need to firmly uphold the bottom line of preventing systemic financial risks. It will continue to strengthen the assessment and verification of bank institution ratings. Monitoring and analysis of systemically important financial institutions will be enhanced.There will be ongoing prevention and handling of risks related to speculative virtual currency trading. Efforts will be made to actively promote the standardization of financial product online marketing behaviors by local institutions. The mechanism for preventing and resolving systemic risks will be continuously improved. There will be a strengthened crackdown on illegal financial activities. The framework for macro-prudential management will be continuously refined. The level of cross-border financial risk monitoring will be comprehensively enhanced.

According to CoinPost, the Financial Services Agency of Japan and the National Police Agency recently jointly sent a letter to the Japan Virtual Currency Exchange Association (JVCEA), requesting exchanges to strengthen anti-fraud measures. This request includes 11 specific requirements, such as the need for withdrawal addresses to be registered in advance, enhanced transaction monitoring, strict verification of identification documents when opening accounts, and setting a withdrawal limit for a certain period after users deposit fiat currency or purchase crypto assets.The background of this action is the increasing prevalence of investment scams and "pig butchering" schemes on social media, where criminals frequently use crypto accounts to transfer illegal funds. The Financial Services Agency also suggested that exchanges flexibly set withdrawal limits based on customers' risk levels and transaction purposes, and that suspicious transactions should immediately result in account restrictions or freezes, while enhancing intelligence cooperation with the police. For system renovations that are difficult to implement in the short term, exchanges are allowed to proceed in phases. In addition, the Financial Services Agency has officially established the "Cryptocurrency and Stablecoin Division," responsible for related regulatory affairs.

According to the latest stock spot exchange ranking released by RootData, Binance, Bitget, and Gate rank in the top three. This list is based on public transaction and order book data, comparing the trading scale, liquidity, and active products of the stock spot market of exchanges, and showcasing the coverage of stock products and brokerage channels.Binance ranks first with a score of 83.65, a 24h public order book transaction volume of approximately $294 million, and a market share of 50.82%.Bitget ranks second with a score of 75.54, a 24h public order book transaction volume of approximately $45.3554 million, and a market share of 7.83%.Gate ranks third with a score of 74.76, a 24h public order book transaction volume of approximately $75.8254 million, and a market share of 13.09%.The combined market share of the three is approximately 71.74%. Among them, Binance alone occupies 50.82%, exceeding half of the total market share, demonstrating a significant head effect.

According to the latest stock derivatives exchange ranking released by RootData, the top five exchanges account for a total market share of 79.36%; among them, Binance alone occupies 46.98%, nearly half of the entire market, showing a significant head effect.In addition, among the other top five exchanges, OKX has a market share of 12.16%; Hyperliquid has a market share of 9.52%; Bitget has a market share of 5.89%, and Gate has 4.81%, still with a considerable gap compared to Binance.

According to RBC, the Moscow Exchange (MOEX) in Russia is preparing to launch a digital custody platform for cryptocurrency trading (digital custodian). Sources say that the project is currently still in the development stage and is expected to go live as early as the end of 2026 to early 2027.It is reported that this digital custody platform will not be built on the Moscow Exchange itself or the National Settlement Depository (NSD) under it, but will operate as a completely new independent structure. As Russia's regulatory framework for digital currencies is expected to partially take effect from September 1, the market still lacks a clear plan for the custody and registration mechanisms of crypto assets. Various technical models are currently being discussed within the industry.One proposal is to establish multiple liquidity centers for crypto assets, where brokers can access the Moscow Exchange's digital custody platform or conduct related business through their own digital custody systems. Another proposal may involve trading platforms handling trade matching, while the storage and registration of crypto assets are completed by banks or digital custodians under brokers.Previously, several large banks in Russia, including Sberbank, VTB Bank, T-Bank, and Alfa-Bank, have expressed plans to launch digital custody services. With the Moscow Exchange entering this field, competition among traditional financial institutions is expected to intensify and may further enhance crypto asset services.

According to monitoring by PeckShield, the attacker-controlled address 0x920d...9708 stole approximately 500,000 USDC from the Base chain victim wallet 0x3a53...0B5c.However, during the subsequent process of exchanging USDC for ETH, the attacker did not set sufficient slippage protection, and the transaction was front-run by MEV bots for arbitrage. Ultimately, the attacker only obtained about 67 WETH, worth approximately $129,000, losing over 75% of the stolen funds.

According to CoinPost, the Financial Services Agency and the National Police Agency of Japan jointly issued a request to the Japan Virtual Currency Exchange Association (JVCEA), asking all cryptocurrency traders to strengthen withdrawal restrictions to prevent fraud victims, proposing a total of 11 new measures.The main content includes: the introduction of a pre-registration system for withdrawal destinations, setting a certain period of withdrawal restrictions after depositing fiat currency or purchasing cryptocurrency, establishing withdrawal limits based on customer risk assessments, and enhancing transaction monitoring and information-sharing mechanisms with police in each prefecture. The background is that the damage from social media investment inducements and "pig butchering" scams continues to expand, with criminal methods becoming increasingly complex.

On-chain analysis platform Santiment's monitoring data shows that PEPE's net outflow from exchanges reached 45.4 trillion coins in a single day, setting the largest single-day outflow record since November 14, 2024. A large number of tokens are being transferred from exchanges to private wallets, significantly reducing the circulating supply available for immediate sale.Meanwhile, Nansen data shows that the top 100 PEPE holding addresses have cumulatively increased their holdings by 6.07% over the past 30 days, raising the total holdings to approximately 85.97 trillion coins; Smart Money addresses have seen their holdings surge by 307% during the same period, highlighting an increasingly evident trend of supply concentrating among long-term holders.

According to the ranking data from RootData's stock derivatives exchange, as of the time of writing, the exchange with the largest spread among the listed exchanges is BingX, with a spread of 0.307%; the exchange with the lowest weighted depth ±2% among the top ten is XT.COM, at only $210,500.It is reported that this spread is the weighted spread based on 24-hour trading volume, and a higher value usually indicates higher trading costs. The weighted depth ±2% represents the ±2% order book depth of all stock derivatives on the exchange, calculated based on 24-hour trading volume, with the highest weight for a single contract being 30%. A lower value means greater price fluctuations when large orders are executed.

ByteDance founder Zhang Yiming clearly stated at the Seed team all-hands meeting last month that the company will not use model distillation as a shortcut to catch up with large models, even if it temporarily falls behind domestic competitors. He urged the team to be willing to sacrifice short-term gains for long-term goals.Distillation refers to allowing a new model to learn from the outputs of a stronger model, which can save training time and computational power. Internally, ByteDance believes that this choice will make it more difficult for Seed's language model to catch up with domestic peers like DeepSeek, Kimi, and Qianwen in the short term. However, ByteDance is more concerned about political risks: the company has long faced scrutiny from the U.S. government due to TikTok, and if it is accused of massively extracting the capabilities of cutting-edge U.S. models, Washington may apply pressure on TikTok again. Previously, Anthropic accused DeepSeek, Dark Side of the Moon, MiniMax, Zhiyu, and Alibaba of massively extracting Claude's capabilities, but did not name ByteDance.

According to Jinshi reports, the Iranian Deputy Foreign Minister stated that Iran demands a change in the current navigation routes in the Strait of Hormuz, as these routes are no longer suitable under the current security situation.

Luxembourg has passed a new law that authorizes the Financial Intelligence Unit (FIU) to send cross-institutional fraud alerts to traditional banks and cryptocurrency exchanges, with the measures taking effect on August 8. The bill, numbered 8722, requires cryptocurrency exchanges in Luxembourg to receive alerts in sync with banks and payment institutions.The law aims to close loopholes that allow fraudulent funds to be quickly transferred between traditional financial institutions and digital assets. Under previous rules, banks could only intercept transactions of flagged accounts within their own systems and could not notify another financial institution or cryptocurrency exchange to stop funds from entering or leaving. Max Braun, head of the Luxembourg FIU, stated that including cryptocurrency exchanges in the cross-departmental alert system will make cashing out related accounts more difficult. Data from the Luxembourg Ministry of Justice shows that in 2024, the country's police recorded 6,382 fraud cases, with financial practitioners submitting over 18,000 fraud and scam reports.

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%.

According to the ranking data from RootData stock derivatives exchanges, as of the time of writing, the top three exchanges with the largest spreads among the Top 20 are BingX, OrangeX, and Aster, with spreads of 0.299%, 0.281%, and 0.182%, respectively.In addition, KuCoin has a spread of 0.133% and Phemex has a spread of 0.142%, both exceeding 0.1%.It is reported that this spread is the weighted average spread based on the 24-hour trading volume, and a higher value usually indicates higher trading costs.

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.

According to Bitcoin Magazine, the BIP-110 soft fork is about to enter a critical activation phase. The proposal will enter the mandatory signaling phase around August 9, corresponding to block height 961,632, and is expected to lock in at block 963,648 by the end of August, with new transaction rules activated at block 965,664 in early September. BIP-110 adopts a 55% signaling threshold, and its restrictions will be enforced for 52,416 blocks (approximately one year).BIP-110 mainly restricts transaction features such as large data pushes, oversized output scripts, undefined witness versions, and Taproot annexes, but exempts UTXOs created before activation, maintaining compatibility for standard currency use. Analysis indicates that most businesses do not need to take action—businesses that act as value storage or process transactions through third-party payment providers are essentially unaffected. Businesses running their own full nodes can choose whether to switch to BIP-110 nodes. The core risk to be aware of is chain forking. If a fork occurs, miners should choose the branch expected to prevail or pause and wait; exchanges and custodians should increase confirmation requirements, monitor dual chains, and delay final settlements to prevent double spending and false confirmation risks. If there is no fork, no special actions are required.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "National Bank Open: Shang Juncheng vs. Andrey Rublev," the "Shang Juncheng" option in the sub-market "National Bank Open: Shang Juncheng vs. Andrey Rublev" has experienced a dramatic fluctuation in winning probability, dropping from 85.5% an hour ago to the current 34.05% (a fluctuation of 51.45%). Please note the impact of relevant breaking news.