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According to Cointelegraph, the latest research from the Federal Reserve Bank of Cleveland shows that there are significant differences between cryptocurrency investors and traditional asset investors. Their views on the future returns and risks of digital assets diverge greatly, and the information about Bitcoin's historical price increases may further encourage investors to increase their allocation willingness and actually buy crypto assets.The research paper "Do You Even Crypto, Bro? Cryptocurrencies in Household Finance" is based on multiple rounds of household survey data in the United States, with each round covering up to approximately 25,000 households.Researchers found that compared to demographic characteristics such as age, income, and gender, investors' expectations for future returns from cryptocurrencies better explain who chooses to hold crypto assets. The study shows that cryptocurrency holders expect an average return of about 22% over the next year, significantly higher than the approximately 7% expectation of non-holders.At the same time, holders generally believe that the risks of crypto assets are lower than the judgments of non-holders. Researchers found that for every 1 percentage point increase in an individual's expected return from cryptocurrencies, the probability of holding crypto assets increases by about 0.8 percentage points. The explanatory power of return expectations and risk perceptions for cryptocurrency holding behavior even exceeds that of traditional factors such as age, income, and wealth.This characteristic contrasts with traditional assets such as stocks, bonds, and gold. For traditional investment types, investors' economic backgrounds usually better explain differences in asset allocation, while the crypto market relies more on investors' subjective judgments about future price performance.In addition, the research team discovered through a randomized information experiment that simply providing investors with information about Bitcoin's price increase over the past 12 months significantly boosts their willingness to allocate to crypto assets. Data shows that respondents who saw historical performance information about Bitcoin had an approximately 2 percentage point increase in the proportion planning to allocate to crypto assets, representing about a 47% increase compared to the control group's 4.3% allocation willingness; the probability of actually purchasing crypto assets also increased by about 2.5 percentage points.The study suggests that this mechanism may explain the cyclical boom and bust phenomenon in the crypto market: price increases attract more investors, and new funds further drive up prices, thus forming a cycle of "price increase --- enhanced optimistic expectations --- more buying."

According to Bloomberg, South Korea's financial regulatory authorities plan to strengthen the regulation of structured products such as ELS starting next month. They will require brokerages to warn investors when products approach the principal loss trigger line (Knock-in) and to reassess product design and sales when market conditions lead to a significant increase in risk.It is reported that the South Korean stock market has recently experienced significant fluctuations, but retail investors' enthusiasm for high-risk investments has not noticeably cooled. After regulatory tightening on leveraged ETFs for individual stocks, some investments have shifted to stock-linked securities (ELS) that offer high "coupon" rates. Data released by the Korea Financial Investment Association shows that in July, the sales volume of ELS in South Korea reached 35 trillion won, setting a new high in over three years since April 2023, with ELS products based on Samsung Electronics and SK Hynix stocks becoming the main drivers of growth.

According to Forbes, Bitcoin recently rose from $62,900 to $79,500, with a 26% increase within 5 days, following the liquidation of over $3.1 billion in short positions. Trader MARMOT stated that this round of increase is not entirely driven by natural demand but is a typical short squeeze situation. He pointed out that approximately $3.1 billion in short positions were liquidated in the past few days, marking one of the largest liquidation events he has witnessed. At the same time, as Bitcoin rapidly rises, retail investors are chasing the price, leading to a noticeable FOMO sentiment in the market.Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated that his previous prediction of Bitcoin reaching $100,000 by the end of the year may be underestimated. He believes Bitcoin could retest its historical high of $126,000 and expects the market recovery to accelerate further after October 6.Meanwhile, some market participants believe that the current upward trend carries short-term overheating risks. Trader David Goldstein mentioned that Bitcoin's rise from $64,000 to nearly $80,000 is mainly driven by signals from the U.S. Treasury regarding bond repurchases and a short squeeze of unprecedented scale. He considers $80,000 to be the first significant resistance level, and this round of increase may peak in the $85,000 to $90,000 range, followed by a correction or fluctuations around $70,000 to $75,000.Forecasting platform data shows that market expectations for Bitcoin's future price are heating up. Meanwhile, inflows into U.S. spot Bitcoin ETFs have rebounded, with a cumulative inflow of $1.62 billion over four trading days as of August 21, reversing the previous week's trend of net outflows.However, several traders remind investors to avoid chasing prices due to rapid increases. Crypto Kit noted that just a week ago, the market was waiting for buying opportunities at $45,000 to $50,000, but now that Bitcoin has risen to $77,000, investors suddenly accept the current price, indicating a clear increase in market FOMO sentiment.

Grayscale's research director Zach Pandl stated that investors are generally advised against trying to time the market, but from the perspectives of structural adoption trends, market cycles, and macro risks, the current Bitcoin price may provide a favorable entry point for long-term investors. Grayscale believes that the continued growth of government debt, the expansion of blockchain technology applications in the financial services sector, and intergenerational changes in portfolio construction indicate that the long-term adoption trend of Bitcoin remains solid.Currently, this round of Bitcoin bear market has lasted about 10 months, while previous bear markets typically lasted 11 to 12 months, suggesting that the market may have entered the later stages of the bear market. The macro environment remains the main source of uncertainty. If the Federal Reserve raises interest rates in the near future, Bitcoin may decline further; if there are no rate hikes, the market may have already reached its bottom. Grayscale stated that structural adoption, cyclical positioning, and the overall macro outlook are currently relatively favorable, but future performance remains uncertain.

According to CNBC, Ken Griffin, founder and CEO of Citadel, issued an investor letter regarding the AI fund Situational Awareness. Ken Griffin stated that nearly 100 large trades have been completed, with a total amount exceeding $4 billion, and the risk exposure of the original portfolio has been reduced by over 80%.

According to data disclosed by intangiblecoins, the net inflow for Bitcoin spot ETFs reached $1.6 billion this week, and the week is not yet over, marking the largest single-week net inflow since the historic high point in October 2025.Related statistics also show that the average cost basis for Bitcoin ETF holders is approximately $84,156.

On August 21, China Merchants Yonglong Bank issued a notice to customers, stating that it is cooperating with the latest risk management and account compliance guidelines from the Hong Kong Monetary Authority and the Securities and Futures Commission to conduct a comprehensive optimization and review of investment accounts for mainland investors. Upon verification, all investment accounts held by relevant customers (including wealth management, securities, and/or paper gold passbook accounts) as of May 22, 2026, have no asset balance, and there have been no investment transaction records in the past 12 months, which have been classified as "zero balance non-active investment accounts."To maintain normal account operations, the bank requires customers to submit the "Non-Active Investment Account Declaration" as soon as possible. Customers can complete the submission through the pop-up in the personal account section of the China Merchants Yonglong Bank mobile app; joint account holders or those who have not registered for the mobile app can call the customer service hotline for guidance, and each joint account holder must submit separately. The main content of the declaration includes confirming the accuracy of personal information, the legality of the source of funds, that the account has not been closed or suspended due to suspicious documents, and timely notification of any changes in information.The bank reminds that if customers fail to complete the submission in a timely manner, new investment transactions (including buying stocks, subscribing to wealth management products, etc.) will be suspended accordingly; if the submission continues to be delayed, it is expected that starting from November 2026, relevant "non-active investment accounts" may be closed. Once an account is suspended or closed, no new securities or wealth management product investment transactions can be conducted.

According to Onchain Lens monitoring, a HYPE investor made a profit of $1.24 million within two months. They deposited 47,000 HYPE (approximately $3.35 million) into FalconX, possibly preparing to sell.In the past two months, the wallet has cumulatively purchased 178,700 HYPE (approximately $11.5 million) from FalconX, and the estimated unrealized profit is about $1.24 million.

Investor Gavin Baker stated in Friday's All-In Podcast that marginally, Anthropic's share is flowing towards OpenAI, open-source models, and Grok, but its growth remains very rapid. Baker mentioned that if the $65 billion related data is accurate, then someone leaked this information to assist Anthropic's upcoming IPO roadshow, allowing it to claim a higher annual recurring revenue (ARR) after expanding capacity from July to September.Baker pointed out that following statements related to Anthropic's potential IPO roadshow in September or October, given OpenAI's aggressive approach to locking in computing power and almost certainly capturing significant market share, the market should subsequently see leaks from OpenAI to demonstrate its faster growth. He stated that there will be a lot of speculation surrounding this IPO.Baker also noted that the $65 billion data is impressive for the capacity-limited Anthropic and the entire AI industry, even though Anthropic may be losing some market share. He also mentioned that the number of Codex users has nearly doubled in the past five weeks.

Yushu Technology (688836) today debuted on the STAR Market, with an opening market value reaching 444.9 billion yuan, bringing astonishing returns to early investors. Angel investor Yin Fangming, who invested 2 million yuan in the seed round in 2016, holds 11.1749 million shares through Junwan Hongyi, with a holding value of approximately 12.292 billion yuan based on the opening market value, achieving a return multiple of 6134 times, netting about 12.29 billion yuan.Sequoia China participated in the angel round with an investment of 15 million yuan in 2019, at which time the post-investment valuation was only 150 million yuan. By the time of the listing, it held a total of 25.8995 million shares, with a holding value of approximately 28.489 billion yuan, making it the largest market-oriented VC/PE institution holding shares in Yushu. Matrix Partners entered in the B round in 2022, holding 19.8491 million shares, with a holding value of approximately 21.834 billion yuan.A fund under DJI had planned to participate in the capital increase in 2018 with about 10.12 million yuan, corresponding to a post-investment valuation of about 60 million yuan, but later withdrew, missing out on over 25 billion yuan in floating profits based on the opening market value.

In the latest CIO memo, Bitwise Chief Investment Officer Matt Hougan pointed out that cryptocurrency investors currently have three major misconceptions. First, viewing crypto applications solely as native to the crypto scene; as asset tokenization progresses, the market size they serve is expected to leap from about $2 trillion to approximately $500 trillion.Second, prematurely pessimistic about native crypto projects, believing they cannot compete with traditional financial giants. Third, severely underestimating future trading volumes, with actual scales potentially underestimated by 10 to 100 times. Hougan emphasized that tokenization and the expansion of on-chain activities will reshape the market landscape, and investors need to reassess the long-term potential and competitive position of crypto applications.

According to Bitcoin Magazine citing Bloomberg, large holders have purchased approximately 43,000 bitcoins in the past 60 days, with a total value of about $2.7 billion.This data reflects the recent continuous inflow of large funds into the bitcoin market, with market sentiment leaning bullish.

According to Bank of America’s global fund manager survey in August, 27% of the surveyed fund managers have a higher allocation to U.S. stocks than the weight of U.S. stocks in the global benchmark index, indicating that investors expect better performance from U.S. stocks.This is the highest percentage since December 2024, an increase of 3 percentage points from July. The S&P 500 index has risen 13% this year, while the STOXX Europe 600 index has increased by 10%.

Zhibao Technology, a Nasdaq-listed company (Ticker: ZBAO), has completed a $154.7 million PIPE financing, with investors fully paying in 2,380 bitcoins (valued at $65,000 each based on the July 30 benchmark price).The financing issued 442 million PIPE units at a price of $0.35 per unit, each unit consisting of one share of Class A common stock and a two-year warrant with an exercise price of $0.35 per share. At closing, 395.6 million units were delivered, with the remaining 46.32 million units to be delivered pending shareholder approval, with no additional consideration required.

According to bits.media, Maria Patrikeeva, Managing Director of the Derivatives Market at the Moscow Exchange, stated that the exchange plans to launch Bitcoin and Ethereum perpetual futures contracts for professional investors and aims to expand the tradable cryptocurrencies to ten.Perpetual futures are daily rollover contracts with no fixed expiration date, providing flexibility in position management. The exchange will launch crypto derivatives in the summer of 2025, and currently, professional investors can trade quarterly and monthly futures for Bitcoin, Ethereum, Solana, Ripple, and Tron.

The Monad Foundation has announced the completion of an early investor liquidity program, intending to repurchase a portion of early investors' locked MON tokens at a discount to reflect the discount arrangement of the four-year lock-up period, with a total repurchase cap of $60 million. The repurchased tokens remain subject to the original lock-up terms. The foundation stated that the program aims to provide an orderly exit option for early investors whose liquidity needs or investment goals have changed, and to support the long-term consistency of remaining holders.However, nearly all contacted holders refused to participate, and the program has now ended. The foundation stated that the Monad Foundation has not sold MON through over-the-counter or other means, and is currently not involved in any related processes; any contrary claims are untrue.

CryptoQuant analyst Darkfost stated that although Uniswap's native token UNI has fallen over 93% from its 2021 peak of $43 to about $3, the accumulation by whales has reached its strongest level in five years.Data shows that the top 10 transactions with the largest outflows of UNI on Binance have an average daily outflow of 7,300 UNI, setting a five-year high; the current average remains high, with this trading group accumulating 5,600 UNI daily.Darkfost pointed out that despite the overall difficult environment for altcoins, some tokens are still attracting attention, especially those that are actively accumulated by whales. The accumulation intensity of UNI has reached a historical peak during the current downturn, indicating that large investors are positioning themselves at lower prices.