line

In the second quarter, the trading revenue of three listed cryptocurrency exchanges, Coinbase, Bullish, and Gemini, decreased sequentially. The gap between trading revenue and non-trading revenue for the three platforms narrowed, with Coinbase's difference dropping from approximately $132 million to $44 million within a year.Coinbase expanded its product offerings in stablecoins and prediction markets, with the average USDC holdings in the third quarter increasing by 44% year-on-year to $20 billion. Gemini increased the number of market makers in the prediction market to three times that of the beginning of the year.Bullish launched a new rewards program to support trading operations, with adjusted trading revenue in the second quarter decreasing by 21% sequentially to $29.9 million, but increasing by 24% year-on-year. Gemini's trading volume decreased by 66% year-on-year to $3.8 billion, with a 38% decline in trading revenue.

Cryptocurrency analyst Rekt Capital released a technical chart analysis of Bitcoin, indicating that Bitcoin is facing resistance from a macro downtrend line, which is fitted with the 21-month EMA moving average.Rekt Capital believes that if Bitcoin is blocked in this fitted resistance area, it may find support at the 50-month EMA moving average (purple). Overall, Bitcoin needs to convert these two macro EMAs back into new support levels and break through the macro downtrend line to confirm a new bull market.Rekt Capital is a senior cryptocurrency technical analyst with 560,000 followers on the X platform.

The Central Cybersecurity and Informatization Commission issued the "Action Plan for Promoting High-Quality Development of Internet and Information Enterprises (2026-2030)."It mentions strengthening the construction of cyber rule of law. Actively carry out forward-looking research on legislation in the field of internet and information. Accelerate the legislative process in emerging areas such as artificial intelligence, anti-cyber violence, digital economy, online platforms, and blockchain.Promote the revision of the "Internet Information Service Management Measures," improve the legal system for internet information service management, "self-media" management, and algorithm governance. Advance the formulation of the Telecommunications Law, Cybercrime Prevention Law, and Cybersecurity Level Protection Regulations, and improve the supporting regulations for the "Regulations on the Protection of Minors Online" and "Regulations on the Management of Cyber Data Security."Standardize administrative inspections involving internet and information enterprises, minimizing interference with the normal production and operational activities of internet and information enterprises. Improve supervision and law enforcement measures that adapt to the new characteristics of internet development governance, and severely crack down on illegal and irregular activities online.

According to the latest stock derivatives exchange ranking released by RootData, the Top 5 exchanges saw a decline in 24h trading volume across the board.Among them, Binance had a 24h trading volume of approximately $21.033 billion, down 31.04%; Hyperliquid had a 24h trading volume of approximately $3.681 billion, down 31.01%; Gate had a 24h trading volume of approximately $2.805 billion, down 43.16%; OKX had a 24h trading volume of approximately $4.7 billion, down 41.39%; and Bitget had a 24h trading volume of approximately $2.2 billion, down 26.92%.At the same time, the positions in the crypto native contract market have significantly increased. According to Coinglass data, the total open interest for Bitcoin contracts is approximately 734,900 BTC (about $54.967 billion), with a 24h increase of 5.65%; the total open interest for Ethereum contracts is approximately 13,140,700 ETH (about $30.917 billion), with a 24h increase of 5.17%.

Bitcoin News posted on the X platform stating that the Financial Accounting Standards Board (FASB) has proposed new U.S. accounting guidelines, allowing eligible stablecoins to be classified as cash equivalents in corporate financial statements.According to the proposal, eligible digital assets must possess the following key characteristics: redeemable for cash on demand; holders can directly redeem a specified amount of cash from the issuer; reserve assets must be managed separately and fully backed by short-term, highly liquid assets on a 1:1 basis (DART).FASB has not modified the existing definition of cash equivalents but clarified how this definition applies to digital assets such as stablecoins. Companies are also required to disclose the significant components of cash equivalents annually, including categories such as Treasury bills, money market funds, and stablecoins. The proposal is open for public comment until November 19, 2026.

According to the latest ranking of stock derivatives exchanges released by RootData, among the top twenty exchanges, the only one with a decline in trading volume over the past 24 hours is MEXC, with a drop of 45.29%.

According to the official announcement, Bitget has launched 23 stock spot rTokens including rHDV (iShares Core High Dividend ETF), rJEPI (JPMorgan Equity Premium Income ETF), rLUV (Southwest Airlines), and rOMC (Omnicom Group), covering multiple sectors such as finance, healthcare, and consumer goods. As of now, the Bitget platform supports a total of 682 rTokens.It is reported that rTokens identified by the letter r + stock code (for example, Nvidia is rNVDA) are issued by Reality, a licensed RWA protocol under Bitget, which connects directly to global liquidity pools such as NASDAQ and NYSE through collaboration with compliant broker Alpaca. Their features include: 1:1 reserves of underlying assets held by licensed custodians, stock dividends distributed in token form 1:1, support for corporate actions (such as stock splits and consolidations) mapped in real-time, and positions can serve as joint collateral for unified accounts and U-based contracts, allowing users to flexibly manage funds while holding global stock assets.

Blockchain infrastructure Linera announced that with the sale of $LNRA, it will showcase Linera Originals, a badge system, and a featured marketplace that can open, operate, and settle within a minute. Linera stated that becoming "the next Hyperliquid" means dedicated chains, a focus on consumer-grade products, small teams, real revenue, and user priority, rather than simple replication. Its goal is to predict markets in real-time, a segment that currently has no incumbents, as general-purpose chains struggle to support it.Linera adopts a parallel micro-chain architecture, validated by the same set of validators, with users and markets operating on independent micro-chains. Most blocks are ultimately confirmed in under a second, and throughput can be expanded by increasing micro-chains. This design is derived from research by the CEO, a former Meta (Libra/Diem) researcher, and inherits low-latency settlement work such as FastPay. The application app.linera.xyz has been launched on this architecture, with all predictions being on-chain transactions, and badges measuring real participation.The platform's marketplace is purely player versus player (PvP), with a shared fund pool distributed to the winning side, no house or market makers, and results relying on verifiable price oracles. The core team consists of about five people. $LNRA is the network token, and complete sales details will be announced in another document; badge holders can gain access to exclusive pools during sales by using the product.

Well-known trader Doctor Profit posted that Ethereum has completely broken through the key resistance area of the bear market stage and has, for the first time since the start of this bear market, re-established itself above the "golden line (weekly EMA50)" that he focuses on.Doctor Profit believes that this breakthrough is an important technical signal for ETH and said, "Fasten your seatbelts," while indicating that bears will face pressure.

Market news indicates that Anthropic's pre-IPO credit line may exceed the target of $10 billion.

According to Gate market data, Baidu (BIDU.O) stock price fell by 10%, marking the largest single-day decline since June 5.

Binance Wallet announced that Niulai (Niulai) has been added to Binance Alpha on August 18, 2026. Users can now trade this token using market orders and limit orders on Binance Alpha.

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.

Blockchain project Linera announced on social media that its token ticker is $LNRA. Linera is a Layer 1 network aimed at high throughput and real-time applications, utilizing a microchains-based architecture designed for parallel execution and low-latency interactions.Currently, the official announcement only discloses the token code information and has not yet synchronized the details of the token economics, total supply, distribution method, and launch trading time.

According to Gate market data, Snap (SNAP.N) pre-market decline has expanded to 15%.