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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.

CryptoQuant analyst Axel Adler Jr. released the August Bitcoin market outlook, stating that BTC is currently down about 50% from the cycle high of $126,200 set in October 2025, with prices approaching the on-chain average holding cost. It is expected that August will likely maintain a volatile trend. The report suggests that the most probable scenario for August (with a probability of about 55%) is that BTC will trade in the range of $57,700 to $67,000, potentially closing at $60,000 to $64,000 by the end of the month.The bearish scenario (30% probability) involves a drop below $57,700, further testing the on-chain realized price of about $52,800; the bullish scenario (15% probability) requires a stable position above $67,000, along with continuous inflows of ETF funds, a decline in U.S. Treasury yields, and a weakening dollar, targeting $71,000 to $74,000. The current valuation is close to the on-chain cost area, and the spot Bitcoin ETF continues to see net inflows, providing support for the market; however, the high interest rate environment, sustained high U.S. Treasury yields, and a relatively strong dollar still limit the upside potential for risk assets. The report also reminds to pay attention to the impact of macro events such as U.S. non-farm employment, CPI, and the Jackson Hole central bank annual meeting on market liquidity.

According to Jinshi reports, arrangements for the full reopening of the Strait of Hormuz will be announced within a few hours or tomorrow.

According to Jinshi, the United States is seeking opinions on expanding the scope of metal tariff products, suggesting tariffs on products such as welding machines and cranes.

According to Jinshi reports, sources say that the U.S. Army has consumed a large number of long-range land-based missiles during the Iran war.

Crypto analyst Crypto Dan posted on the X platform that Bitcoin is currently in a severely undervalued range. From a cyclical perspective, Bitcoin is close to historical bottom positions. Although it is still uncertain whether this is the absolute bottom, the indicator shows that the current level of interest from market participants in the crypto market is comparable to that at past bottoms.Crypto Dan stated that looking ahead to the next upward cycle around 2027, the current level is undoubtedly in a cheap range.

According to Jinshi reports, Israel's Channel 12 cited diplomatic sources stating that Qatari diplomats are negotiating with Iran to ensure the support of the Iranian Revolutionary Guard for arrangements related to the Strait of Hormuz.

Well-known trader Killa posted that when BTC enters a new monthly cycle, the market has formed a strong bearish narrative, so the probability of a bullish reaction at the beginning of this month is relatively high.He pointed out that based on previous trends, when BTC enters a new phase amid obvious bearish sentiment, there is usually a reverse fluctuation. This pattern may only fail when a significant trend is about to change, such as in November last year and in February and June this year.Killa believes that BTC is currently still in a range-bound fluctuation and is close to the bear market low, so there are two possibilities: one is that the price finally drops below $57,000; the other is that it begins to rebound upwards this month and continues to maintain range-bound movement. Even if BTC is expected to decline afterward, a 2% to 4% increase at the beginning of this month is more in line with the current market structure.

Renowned trader Doctor Profit stated that he will continue to buy in batches according to the original plan when the BTC price is in the range of $54,000 to $64,000, investing 5% of the planned funds each time. Currently, 35% of the cash allocated for purchasing Bitcoin has been completed.He will continue to accumulate during times of extreme market panic and remain patient.

According to Jinshi reports, Iranian Army spokesman Akraminia stated that Iran has recently used new types of drones, with specific details to be announced in the coming days.Akraminia pointed out that the range of these drones is sufficient to cover U.S. military bases in the Middle East. He also mentioned that, given the historical context of agreements signed by Americans, Iran anticipates that the memorandum of understanding may be torn up, and war will break out again.

According to monitoring by Catcher Predict, in the predicted market event "Texas Rangers vs. Tampa Bay Rays" on Polymarket, the "Texas Rangers" option in the sub-market "1st 5 Innings Spread -1.5" has experienced significant fluctuations in winning probability, rising from 19.5% an hour ago to the current 50% (a fluctuation of 30.5%). Please note the impact of relevant breaking news.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale sold $61,312.3 on the event "Seattle Mariners vs. Texas Rangers" for "O/U 9.5". Based on the current transaction price, the latest corresponding winning probability for this item is 55.01%.

The Bitget Launchpool project AEON is now open for investment. As of the time of publication, the BGB locked pool yield is 29.53% APR, and the AEON locked pool yield is 582,942.05% APR.

CryptoQuant analyst Darkfost stated that Bitcoin's current MVRV percentile is around the 5th percentile—meaning that historically, 95% of the time, this metric has been higher than it is now. This indicates that the Bitcoin price is currently in a very low range relative to its historical levels. MVRV is an indicator that measures the relationship between Bitcoin's market capitalization and its "realized value" (the price at which each BTC last moved).The method used by Darkfost does not simply look at raw values but ranks the current MVRV within historical data to assess the current price's relative position in history. Previously, in February, when BTC fell below $60,000, this metric dropped below 10%, and it has entered a similar range again since June. Historical data shows that these periods often correspond to long-term bottom ranges.

CryptoQuant analyst Darkfost stated that data shows Bitcoin is currently building significant support in the range of $59,000 to $70,000, which has also become one of the most fiercely defended price ranges in Bitcoin's history.Currently, about 50% of the total Bitcoin supply has changed hands above $59,000. If we exclude millions of Bitcoins that are considered permanently lost, this percentage will increase further. The main drivers of this round of turnover are short-term holders, and the behavior of market participants is becoming polarized, with some investors choosing to panic sell while others continue to accumulate.

According to Jinshi reports, the United States is preparing to expand its operations against Iran by deploying about 100 refueling aircraft to the Middle East.Israeli defense agencies are preparing for a potential significant escalation in the region.

According to on-chain research conducted by Dune Analytics for the DEX aggregator 1inch, an average of 85% of concentrated liquidity funds in decentralized exchanges were underutilized in the first half of 2026, with 29.5% completely outside the active price range, resulting in approximately $542 million in idle funds each week.Dune estimates that liquidity providers outside the range lose about $150 million in fee income annually. The study covers around 200 of the most active pools on Uniswap v3, PancakeSwap v3, Aerodrome Slipstream, and Uniswap v4, spanning seven chains with a total of 26 weekly snapshots, with an average TVL of approximately $1.84 billion.Data shows that idle funds are mainly concentrated in personal wallets, and automated management tools and bots tend to keep positions within the range. On Base Uniswap v3, personal accounts account for 82% of idle funds. About one-third of idle funds have not been adjusted for over 90 days. Dune attributes the main cause of idleness to asset pairs and their volatility rather than the trading platform, even though about 30% of stablecoin pairs are also outside the range.

According to BBX data, yesterday global traditional capital and financial consortiums intensively disclosed their latest strategies in digital asset treasury construction and Web3 ecosystem investment, with the core dynamics as follows:ORANGE JUICE launches a "real industry blood generation + coin hoarding" dual-wheel strategy: American capital company ORANGE JUICE officially announced the completion of a $40 million financing. The raised funds will be used to establish a holding company that integrates "long-term ownership, operational optimization, and Bitcoin reserves." The company plans to initially acquire stable and profitable American domestic enterprises with annual cash flows between $1 million and $10 million, and clearly stated that the business cash flows generated from these industries will be continuously reinvested for acquisitions or directly supplement its Bitcoin treasury.South Korea's KB Financial Group establishes a 100 billion won cryptocurrency special fund: South Korea's top financial giant KB Financial Group (KRX: 105560) announced the establishment of an AI and digital asset fund with a scale of 100 billion won (approximately $67.29 million). The fund is jointly funded by KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Life under the group, and managed by KB Investment, focusing on investments in early-stage South Korean cryptocurrency companies, AI models, data reasoning, and on-chain analysis and other underlying technology companies.

ORANGE JUICE announced the completion of a $40 million financing round, with Mexican billionaire Ricardo Salinas participating as an anchor investor.The project was founded by Ego Death Capital partners Jeff Booth, Lyn Alden, and others, primarily focusing on acquiring profitable U.S. businesses with annual cash flows between $1 million and $10 million, holding them long-term and improving operations, while also building Bitcoin reserves and planning to establish an internal AI operations team to enhance the productivity of the invested companies.

According to Jinshi reports, Federal Reserve Governor Waller stated that it is reasonable to consider setting an inflation target range.