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Blockchain Association Refutes Wall Street Journal: Clarity Act Is Pro-Innovation Legislation Promoting Competition, Not A Regulatory Loophole

Mersinger pointed out that the bill explicitly prohibits the portion of stablecoin holding rewards equivalent to bank deposit interest, but allows reward mechanisms based on user activity, consistent with the credit card points model; regarding DeFi regulation, Section 10301 of the bill requires the SEC to establish rules for protocols that are "nominally decentralized, substantially controllable," rather than exempting them, while Section 10201 has incorporated digital commodity brokers into the full reporting obligations under the "Bank Secrecy Act" and allocated $3 billion to support state-level enforcement, contrary to the "Wall Street Journal"'s claim of "inadequate regulation of illicit finance."

Data: Trump Family-Linked Stablecoin USD1 Surpasses $50 Billion in Cumulative Trading Volume on Binance

Odaily News: CryptoQuant analyst Darkfost posted on platform X, stating that the cumulative trading volume of the Trump family-linked stablecoin USD1 on Binance has surpassed $50 billion. Data shows that since its launch over a year ago, USD1 has experienced rapid growth in trading scale. The stablecoin was launched by World Liberty Financial in March 2025, a project co-founded with the participation of the Trump family. USD1 is primarily backed by U.S. dollars and short-term U.S. Treasury assets, and adopts an institutional-oriented compliance framework. Currently, the market cap of USD1 has exceeded $4 billion.

Bybit Dual Asset Investment Product Adds Four xStocks Tokenized US Stock Underlying Assets

Bybit announced that its Dual Asset investment product has added four xStocks tokenized US stock underlying assets: METAx, TSLAx, HOODx, and CRCLx. Currently, Bybit Dual Asset supports the 10 most popular xStocks on the Bybit platform, providing users with a richer selection of tokenized US stock structured investment options. The newly added underlying assets cover popular sectors such as artificial intelligence, smart electric vehicles, fintech, and stablecoins, further enriching users' options for allocating yield strategies around different market themes. Dual Asset is a non-principal-protected structured yield product launched by Bybit. Users can independently select the underlying asset, target price, and investment term based on their judgment of the future price trend of the underlying asset, earning potential returns while maintaining market views. The product supports three investment terms: 8 hours, 1 day, and 7 days, with a single subscription amount ranging from 30 to 200,000 USDT. At maturity, the system will settle in the corresponding asset based on the performance of the underlying asset price relative to the target price and pay the agreed yield to the user. This product is suitable for users who wish to generate potential returns in range-bound markets, or who wish to buy or sell target assets at ideal prices. With the addition of these four underlying assets, Bybit Dual Asset provides users with more opportunities to construct yield strategies around popular US stocks.

Bybit Launches HYPE Options, 70,000 USDT Prize Pool Waiting to Be Unlocked

Bybit officially launches HYPE options trading pairs. To celebrate the launch, Bybit introduces a limited-time campaign with a total prize pool of up to 70,000 USDT. Trading offers a chance to win generous rewards; the higher the trading volume, the greater the rewards. The campaign runs from today until September 6, 2025. Users trading HYPE options can share the 70,000 USDT prize pool. Both new and experienced users can participate with accessible entry requirements, featuring triple rewards from tasks, lucky draws, and trading competitions. Users simply need to log in to their Bybit account, navigate to the event page, select HYPE options to trade, and complete trades during the campaign period to participate in sharing the prize pool.

Bybit Launches UBER, NVO, NET US Stock Perpetual Contracts Today

Bybit has added 3 new US stock perpetual contracts today: Uber (UBERUSDT), Novo Nordisk (NVOUSDT), and Cloudflare (NETUSDT), supporting up to 25x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% discount for market orders.

Bitget Signs Cooperation Agreement with Gelephu Mindfulness City Authority, Plans to Establish Office in Bhutan

Bitget recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. Under the framework of the agreement, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare applications for relevant financial services licenses under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows involving operations, regulation, and ecosystem development. According to the plan, Bitget will also gradually establish offices locally and conduct local recruitment to support local talent development and long-term development. As a special administrative region in southern Bhutan, GMC is being developed into a next-generation international financial and innovation hub, with its virtual asset regime governed by the Financial Services Act 2025. Jigdrel Singay, Director of the Gelephu Mindfulness City Board, noted that introducing partners such as Bitget helps bring global expertise while promoting the development of local capabilities and the broader financial ecosystem.

Robinhood-owned CEX Bitstamp Lists Meme Coin CASHCAT

According to the official page, Robinhood-owned CEX Bitstamp has just listed CASHCAT, a meme coin on the Robinhood chain. As of press time, CASHCAT is trading at $0.1123 on Bitstamp, while GMGN data shows CASHCAT is currently at $0.132 on-chain, up 48% in the past 24 hours. An official detailed announcement post from Bitstamp has not yet been seen, but the page indicates that trading functionality is already live. In early June, Robinhood announced the completion of its $200 million cash acquisition of Luxembourg-based cryptocurrency exchange Bitstamp.

Singapore AI infrastructure startup Acrab completes $130 million Series B financing, cumulative funding exceeds $480 million

According to DealStreetAsia, Singapore-based AI infrastructure startup Acrab has announced the completion of a $130 million Series B funding round, led by existing investors Vertex Ventures Southeast Asia & India Fund and Vertex Growth, with new investors participating. The specific identities of the new investors and the valuation for this round remain undisclosed. Upon completion of this round, Acrab's cumulative fundraising total has exceeded $480 million, including capital raised prior to its official public launch earlier this year. Established in 2024, Acrab specializes in developing a full-stack AI computing platform integrating custom chips, edge AI models, and software orchestration capabilities to support AI agents in executing tasks in real-time.

World Chain will launch EIP-7928 block access list feature on August 17

: World Chain will launch full block access lists on mainnet on August 17, enabling the feature via a runtime flag without requiring a coordinated network-wide hard fork. The network stated that it will become the first production L2 network to stream EIP-7928 access list data within every flashblock. The feature transmits access list data every 200 milliseconds, allowing validators to verify transactions in parallel during block construction. World Chain stated that the upgrade aims to achieve throughput of up to 1 gigagas per second without raising validator hardware requirements. EIP-7928 is an Ethereum improvement proposal that introduces block-level access lists, used to record accounts and storage slots touched during block execution. World Chain's internal testing shows that validation latency remains stable when throughput rises to 1 gigagas per second on standard cloud infrastructure.

Goldman Sachs Deploys AI Software Engineers at Scale, Productivity Increases 3-4 Times But Raises Layoff Concerns

尽管高盛强调 AI 定位为"辅助增强"而非替代人力,但业界对初级工程师岗位流失的担忧持续升温——有预测指出,AI 浪潮将导致美国银行业约 20 万个工作岗位消失,如何维系人才培养梯队,已成为各行业拥抱 Agentic AI 过程中亟待解决的共同挑战。

Gate Pre-IPOs to Launch Moonshot AI (KIMI), Supporting Dual-Currency Subscription and 100% Unlock

Odaily News - According to an official announcement, global digital asset trading platform Gate will launch the third phase of Pre-IPOs project subscriptions, focusing on AI enterprise Moonshot AI, offering KIMI asset certificate subscription services.The KIMI asset certificate is a Mirror Note designed based on changes in the enterprise value of Moonshot AI. The subscription period runs from 15:00 on August 11, 2026, to 15:00 on August 13, 2026 (UTC+8), with a subscription price of $105-$115 per share (subject to final pricing results). The project's implied market value is approximately $50 billion, supporting subscription in both USDT and GUSD, with GUSD subscriptions additionally earning a 3.8% yield on demand U.S. Treasury bonds.After the subscription concludes, KIMI asset certificates will be fully unlocked and distributed at 15:00 (UTC+8) on August 17, with dedicated market trading opening approximately one month after distribution. Trading fees on the dedicated market are 0.5% maker fee and 1.5% taker fee. Additionally, this project charges a 5% underwriting service fee. Should excess returns be generated in the future, a 20% performance fee (Carry) will be charged on the profitable portion.The launch of the Moonshot AI (KIMI) project marks an important step in Gate's continued exploration of AI, RWA, and innovative asset service scenarios. Going forward, Gate will continue to expand more diverse asset participation channels, driving further integration between the digital asset ecosystem and traditional financial markets.

JUST Releases GasFree July Data: Monthly Transfer Volume Exceeds $13.4 Billion, Users Surpass 399,000

JUST released the GasFree data report for July. As a tool to simplify the transfer experience within the TRON ecosystem, GasFree allows users to pay transaction fees directly with USDT in their wallets, enjoying smooth on-chain transfer services without extra steps. In July, the platform completed 784,000 GasFree transactions, with a monthly transfer volume reaching $13.42 billion, and the cumulative user base exceeded 399,000. The continuous growth in real usage scenarios validates the value of GasFree in lowering the barrier for on-chain operations. In the future, GasFree will continue to deepen its focus on convenient transfer services, allowing more users to enjoy a seamless experience.

Coinbase UK users can now trade US stocks and cryptocurrencies in a single app

Odaily News: Coinbase announced on X that all UK Coinbase users can now trade US stocks and cryptocurrencies in the same app, with zero fees, 24/7 trading five days a week, and participation starting from as little as £1.

Hong Kong Police Update on Virtual Currency "Fun Coffee" Fraud Case: Total Losses Increase to Approximately HK$104 Million

According to HK01, the Hong Kong Police updated information on the virtual currency "Fun Coffee" fraud case, disclosing that as of August 5, a total of 255 related reports had been received, an increase of 30 cases from earlier. The total involved losses have increased to approximately HK$104 million. In addition, the Macau Judicial Police arrested two women involving 9 cases worth about MOP 3.6 million. Regarding some TVB artists having previously hosted activities related to the Fun Coffee fraud case, the Hong Kong Police stated that they will definitely contact victims and relevant individuals during the investigation to determine the masterminds of the fraud and the roles played.

Coinbase Launches 24/5 US Stock Trading in the UK, Supporting Zero Commission and Fractional Share Trading

Coinbase launches stock trading functionality in the UK. UK users can now buy and sell nearly 4,000 US stocks within the same app, which supports 24/5 trading and shares the same account with their cryptocurrency and fiat assets. The feature is zero-commission, supports fractional share trading, stocks are custodied and executed by Apex Clearing in the US, and users can fund trades using GBP or USDC.

Kalshi's federal protection claims dismissed by federal judge in Utah anti-gambling law lawsuit

: U.S. Federal District Judge Robert J. Shelby ruled that the Commodity Exchange Act does not prevent Utah from applying its anti-gambling laws to Kalshi's sports event contracts, granting Utah's motion for summary judgment and denying Kalshi's motion for a preliminary injunction. Shelby stated that the jurisdictional provisions of the Commodity Exchange Act are subject to multiple reasonable interpretations, and in such cases, courts generally do not support federal law preemption. He also rejected Kalshi's argument that amendments under the Dodd-Frank Act established federal preemption for derivatives trading. Kalshi spokesperson Jacki McGavick said the company disagrees with the ruling and will appeal to the Tenth Circuit Court of Appeals. Currently, Utah users can still use sports event contracts, and the state has not yet initiated enforcement action. The New York Attorney General has already cited the ruling as supplementary grounds in opposing the CFTC's motion for a preliminary injunction against New York state. Earlier, New York sued Kalshi last week, alleging that it operates as an unlicensed gambling operator.

Gate CFD trading volume ranks first across the entire network, with diverse trading modes and user benefits activating growth momentum

Odaily News - As expectations for de-escalation in the Middle East continue to rise, the market is keeping a close eye on progress in peace negotiations. Gold prices have shown resilient upward momentum, which has also driven growing investor interest in multi-asset CFD products. According to data from the Gate platform, the Gold CFD (XAUUSD) rose 0.13% in 24 hours, reaching a daily high of $4,304.09. Meanwhile, gold-related assets have performed actively, with GDX gaining 7.48% and GLD up 4.12%. Driven by these popular underlying assets, Gate CFD trading activity has climbed accordingly, with weekly trading volume surpassing $200 billion—ranking first across the entire network.Currently, Gate CFD covers 600+ assets spanning stocks, metals, forex, indices, and commodities, and has launched metal perpetual contracts, index perpetual contracts, and commodity perpetual contracts. These products support 7×24-hour trading with USDT settlement, establishing Gate CFD as a key component of Gate's multi-asset trading ecosystem. In parallel, Gate has introduced the TradFi CFD Masters Competition, whose diverse campaigns provide users with more varied trading participation scenarios and reward opportunities, further boosting user engagement and market visibility for Gate CFD.

Kite Foundation: KITE Token Attacked on Ethereum Mainnet, Incident Quickly Contained with No Token Loss

The Kite Foundation stated that it detected attacks targeting KITE tokens. After the security system discovered abnormal KITE token transfer activity on the Ethereum mainnet, the team immediately initiated the incident response mechanism and suspended KITE token transfers and cross-chain bridging on the Ethereum mainnet. The Foundation stated that the affected tokens have been frozen in place, cannot be transferred, and will not flow into the secondary market. Currently, the scope of the incident is limited to the Ethereum mainnet, and the relevant tokens have not moved since then.

Huobi HTX has launched BLESS perpetual contracts.

According to the official announcement, HTX listed the BLESS/USDT perpetual contract on August 6, supporting 1-10x long and short positions. Meanwhile, from now until 15:00 on August 11 (UTC+8), HTX is launching a new coin perpetual contract trading competition. Users who complete registration, participate in perpetual contract trading for the participating tokens, and meet the specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.

Hyperliquid Releases Q2 Report: HYPE Up 79% This Quarter, Sets All-Time High

Hyperliquid Research Collective released the Hyperliquid Q2 2026 Report. The report stated that against the backdrop of Bitcoin falling 14% during the quarter, HYPE rose 79% and hit a new all-time high. The report also noted that HIP-3-based real-world markets set new records in trading related to stocks, commodities, and pre-IPO companies, with trading volume accounting for nearly one-third of the platform's total trading volume. Additionally, the first batch of HYPE exchange-traded funds have started trading in the United States, and a private rocket company also achieved on-chain pricing while the New York Stock Exchange was closed.