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According to token unlocking data from the crypto asset data platform RootData, Hyperliquid (HYPE) will unlock approximately 9.92 million tokens at 7:00 AM Beijing time on August 29, worth about 800 million USD.

This week, U.S. cryptocurrency policy has seen intensive progress. The Trump administration has pushed for new advancements in the CLARITY Act, the SEC has proposed a draft of regulatory rules for cryptocurrency assets for the first time, and the CFTC has stated that if congressional legislation stalls, it will promote the establishment of an independent regulatory framework for the cryptocurrency market. Trump met with leaders from several cryptocurrency companies at the White House this week and publicly called on Congress to pass a "fair version" of the CLARITY Act. Representatives from Coinbase, a16z, Ripple, Kraken, and other industry participants attended the meeting, focusing on the bill's impact on U.S. jobs, innovation, and attracting cryptocurrency companies back. Currently, the main obstacles to advancing the bill are concentrated on certain ethical clauses. Trump believes that the relevant provisions may target individuals, but industry insiders are pushing both sides to find a compromise to facilitate bipartisan support.CFTC Chairman Mike Selig stated that the CLARITY Act is key to avoiding regulatory uncertainty. If Congress continues to delay, the CFTC will use its existing authority to formulate regulatory rules for the cryptocurrency asset market. Meanwhile, the U.S. SEC has officially proposed a "Crypto Assets Rule Framework," planning to allow certain cryptocurrency financing to be exempt from full securities registration under specific conditions, including a cumulative financing cap of $5 million over four years or an annual limit of $75 million, and providing conditional safe harbor for certain token projects. Additionally, the SEC is considering limiting certain state securities registration requirements to provide a clearer compliance path for U.S. cryptocurrency companies. Market participants believe that recent actions by U.S. regulators indicate that Washington is shifting from a previous enforcement-based regulatory model to establishing a systematic regulatory framework for cryptocurrency assets.On the other hand, former Signature Bank Chairman Scott Shay has launched the N3XT Digital Dollar (NDD) digital dollar deposit project, attempting to challenge the stablecoin market. NDD operates on a public blockchain, enabling 24/7 dollar transfers, and is backed one-to-one by cash and short-term U.S. Treasury bonds. Shay stated that banks can leverage blockchain technology to create a payment system similar to stablecoins while maintaining the dollar credit advantage of the traditional financial system. The project is seen as a new attempt by banks to respond to the expansion of stablecoins. Additionally, the cryptocurrency investment market is entering a new cycle. Dragonfly partner Rob Hadick stated that although AI is attracting significant capital, cryptocurrency startup activity is still recovering, and future predictions of market, institutional applications, and improvements in U.S. regulation may drive new growth in the industry.

According to on-chain analyst Ai Yi's monitoring, the entity associated with bit (0x6c8...d84f6) has taken profits for the first time in four months, reducing its position by 38,000 ETH and realizing a profit of 9.407 million USD.Currently, four addresses still hold a long position of 82,000 ETH, with unrealized profits exceeding 20 million USD.

According to the Associated Press, drug enforcement agencies from Cambodia and the United States announced on Friday that they have dismantled a cryptocurrency money laundering network utilized by the Sinaloa drug cartel from Mexico.The operation was conducted in collaboration between Cambodian drug enforcement police and the U.S. Drug Enforcement Administration, seizing approximately $7 million in cryptocurrency related to the Sinaloa drug cartel, arresting multiple individuals, and confiscating assets, drug production laboratories, and storage facilities.

According to on-chain analyst Yu Jin's monitoring, a certain whale entered the market to chase the rise when the current trend started to increase at 21:00 on August 19, buying 20,000 ETH. As of now, this position has not been closed, with an unrealized profit of 11.76 million dollars.During the period of holding, this whale has captured the entire 34% increase of the current ETH rebound.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the mysterious entity "7 siblings" has sold a total of 26,265.2 ETH since August 21, worth approximately 62.47 million USD.This entity last built its position a week ago (just before this round of surge), buying 2,179.22 ETH at an average price of 1,852 USD (about 4.03 million USD), continuing its consistent operational style of "buying the dip during crashes and selling during price increases." Currently, the total value of ETH held in its on-chain wallet exceeds 768 million USD.

According to Onchain Lens monitoring, Jump Crypto transferred 1,140 bitcoins to Binance in the past 30 minutes, worth approximately $88.98 million, for sale.

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE to Coinbase in the past 9 hours, worth approximately $14.54 million, suspected to be for sale.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "St. Louis Cardinals vs. Philadelphia Phillies," the sub-market "Spread -1.5" for the "Philadelphia Phillies" option experienced a sharp fluctuation in winning probability, dropping from 58.5% an hour ago to the current 38% (a fluctuation of 20.5%). Please note the impact of related breaking news.

According to monitoring by PeckShieldAlert, the address marked as Bofur Capital suffered an address poisoning attack after withdrawing from Compound, resulting in a loss of approximately 2 million USD.The phisher sent a dust transaction of 0.0002 USDC, forging a similar address. The victim mistakenly used the wrong address when copying and pasting, leading to the theft of funds. The stolen funds have been exchanged for approximately 2 million DAI.

According to The Block, Grayscale submitted its fifth amendment application to the U.S. Securities and Exchange Commission (SEC) on August 21, further advancing its plans for the listing of the Zcash ETF. The latest application indicates that the product will officially be renamed "The Zcash ETF," with an annual management fee set at 2.5%, and plans to list on the New York Stock Exchange Arca under the code "ZCH," with Coinbase Custody Trust Company as the custodian and BNY Mellon as the transfer agent.This ETF will be converted from Grayscale's existing Zcash trust, which has been operating since 2017 and currently has assets under management exceeding $260 million. In the previous fourth amendment application, a subsidiary of Grayscale's parent company, Digital Currency Group, had negotiated to inject approximately 200,000 ZEC into the fund.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Cincinnati Open: Sara Bejlek vs. Madison Keys," the "Sara Bejlek" option in the sub-market "Cincinnati Open: Sara Bejlek vs. Madison Keys" has experienced a dramatic fluctuation in winning probability, soaring from 19.5% an hour ago to the current 82.5% (a fluctuation of 63%). Please note the impact of related breaking news.

Apple has cut positions in the Siri, Vision Pro 3D video, and gaming teams, affecting more than 200 people.

Tesla (TSLA.O) has been approved to produce up to 5,000 autonomous vehicles in Nevada, USA.

The "whale" has set "10 big goals" and will continue to update its trading trajectory and insights on the X platform tonight. It stated that at the position of 72500, it had considered re-entering a long position and had placed a limit order between 70500 and 71500, but it did not get filled. "I wanted to re-enter the long position that I had previously closed. At that time, I placed a long order in advance between 70500 and 71500, while also placing a short order near 76000. My expectation was that if it first retraced to 70500–71500, I would re-enter the long position; if it did not retrace and quickly surged to around 76000, I would make a correction after a round of upward movement. In the end, the long orders below did not get filled, and after the short order at 76000 was filled, the price continued to rise to above 79000.So looking back, the real mistake in this segment was not the medium to long-term direction, but underestimating the strength of this upward trend and trying to bet on a correction too early."Despite the recent loss on a short position, this whale still stated, "Currently, there is still a profit of around 70 million."

According to the Wall Street Journal, Solana Company (HSDT) announced its voting positions on the first three Solana governance proposals: supporting SGP-0001 "Solana Constitution," opposing SGP-0002 to accelerate inflation reduction, and SGP-0003 to change transaction fees from fixed to floating.The company stated that supporting the new governance system is due to its allowance for stakers to participate directly in voting and retain the right to overturn votes from delegated operators, which is beneficial for institutional participation in network governance. Regarding inflation and fee adjustments, the company expressed that it is not opposed to the direction but believes that the current entry of institutions is still at a critical stage, and changes in core economic parameters may affect the stability and predictability of the rules.

The head of Galaxy Research posted on platform X stating that the U.S. Securities and Exchange Commission has proposed the Regulation Crypto Assets, abbreviated as Reg Crypto. This proposal aims to establish a legal pathway for the issuance of certain tokens to the U.S. public and to set up a mechanism for terminating investment contracts. The scope is limited to crypto assets that are not themselves securities but have been issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements that bundle tokens with equity or other securities are not included in the framework.The proposal sets four stages: financing, disclosure, construction, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher exemption limit set by Regulation A allows for raising $20 million or $75 million within 12 months.Related financing must undergo qualification review by the U.S. Securities and Exchange Commission and continuous disclosure, with the investment cap for unaccredited investors being the greater of 10% of their annual income or net worth. Issuers must also disclose the token supply and release plan, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.When the issuer completes or permanently ceases relevant construction obligations, makes no new construction commitments, and submits a transition report, the related investment contracts will be deemed terminated, and the crypto assets will no longer be subject to securities laws under that investment contract. Issuers that do not use the above financing exemptions can also utilize this safe harbor. The U.S. Securities and Exchange Commission estimates that approximately 475 issuers will use the investment contract safe harbor each year, with about 130 issuers utilizing the two new exemptions. Qualified issuances may not be considered restricted securities and can be resold immediately without contractual restrictions.The proposal will also exclude initial offerings and certain secondary transactions within its scope from state registration and qualification requirements, but it does not involve exchanges, brokers, dealers, custodians, nor is it an independent innovation exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. U.S. Securities and Exchange Commission Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda have all issued supportive statements.

According to Decrypt, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that if the Clarity Act continues to be stalled due to Democratic obstruction, the CFTC will use its existing authority to begin establishing a regulatory framework for the cryptocurrency market and has instructed staff to expedite the formal rule proposal.Selig has asked staff to explore incorporating the digital asset market structure into CFTC rules, which may include both existing CFTC-registered entities and currently unregistered cryptocurrency exchanges under its regulatory scope.Rules tailored for digital assets may allow for leveraged and margin trading. Bitcoin ETFs saw a net inflow of $606 million, marking a new single-day high since May 1; Ethereum ETFs had a net inflow of $219 million, reaching a new high since September 2025. In the past 24 hours, the amount of short liquidations in the cryptocurrency market exceeded $1.2 billion, approaching $5 billion over the past two days.

According to on-chain analyst Yu Jin's monitoring, a certain whale entered a long position on BTC and ETH on July 6 when MicroStrategy announced the sale of coins, triggering a market crash, with a total position value of approximately 80 million USD, and has held it until now. Among them, the long entry price for BTC was 62,353 USD, and for ETH, it was 1,762 USD.With the market rebounding in the past two days, the related long position of this whale has achieved an unrealized profit of approximately 21.1 million USD.